111: Apartment Building Investing All-Done-For-You with Dave Zook

Get Rich Education

Keith Weinhold

Realestateinvesting, Income, Passiveincome, Money, Business, Wealth, Investing, Careers, Realestate, Kiyosaki, Real, Rich, Creatingwealth

4.3 • 602 Ratings

🗓️ 25 November 2016

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

#111: Looking for passive income but can’t find an attractive real estate deal in today’s climate?

Invest with a trusted, savvy investor that’s an expert in identifying profitable apartment building deals for others.

Dave Zook, Founder Of The Real Asset Investor, has a remarkable track record of providing reliable returns to investors.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities.

Listen to this week’s show and learn:

05:05 Entering real estate for tax mitigation reasons.

07:40 Rich Dad influence.

09:15 Many wealthy people are willing to invest in 1% yield CDs!

11:26 Planting the seeds of real estate syndication. How to stay in the “deal flow.”

12:57 The people are more important than the product. Which people are “real” and which are not?

15:45 Multifamily property in Memphis.

20:03 Forced appreciation.

22:31 Dave is successful because he considers his investors’ need, not his need.

24:08 Value-add property improvements include a high-tech video surveillance system.

26:26 Dave’s investors benefit in ways that direct investors don’t.

28:38 Dave puts his own “skin-in-the-game” alongside his investors. He has a vested interest in property performance.

30:05 Investors paid quarterly: 8-11% Cash-On-Cash Return. High teens to 25%+ Internal Rate Of Return.

31:44 Taxes. Accelerated depreciation (from Cost Segregation) gets passed along to each investor.

33:41 Annual investor barbecue.

35:03 Win a free real estate field trip to Memphis or Belize at www.TheRealAssetInvestor.com/GRE

36:14 Advantages to investing in a trusted expert’s syndication.

Resources Mentioned:

TheRealAssetInvestor.com/GRE

CorporateDirect.com

RidgeLendingGroup.com

GetRichEducation.com

Transcript

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0:00.0	Get Rich Education is brought to you by Ridge Lending Group, the Real Asset Investor and Corporate Direct.
0:08.7	Cash flow real estate investors. This is Get Rich Education's Keith Weinhold. Did you know that you can finance up to 35 income properties all with one lender?
0:18.4	Ridge Lending Group specializes in investment property loans,
0:22.4	and they do it in almost every U.S. state. Ridge has worked with tens of thousands of real
0:27.6	estate investors and homeowners all over the country. They've been doing this for investors
0:32.1	for so long that at this point, they've helped more families realize their dreams of becoming
0:37.4	real estate investors
0:38.3	than any other mortgage lender in the country. To find out more, visit ridglinggroup.com.
0:51.1	Welcome to Get Rich Education with Keith Weinhold, giving you information and ideas on the investment that has turned more ordinary people into millionaires and billionaires than anything else, and can provide you with more wealth and happiness than you ever thought possible.
1:09.6	Now, here's your host, investor, entrepreneur,
1:13.6	business owner, and educator, Keith Weinhold.
1:20.3	Hey, welcome to Get Rich Education. This is episode 111.1. I'm your host, Keith Weinhold,
1:26.2	back for another wealth-building week. I hope that you've
1:29.1	been living abundantly. Are you having a hard time finding a good passive buy-and-hold real estate
1:34.8	investment deal? Well, we've got an alternative today. That is to let someone else find
1:40.7	the deal for you, and you can participate right alongside them and you can still get a
1:45.7	nice return.
1:47.5	Next week I'm going to take to the microphone all by myself to talk about how your 401k plan is
1:53.4	just destroying your dreams.
1:56.2	And we're even going to have a little piece on the 401k's history and just how it came to destroy dreams
2:01.9	and lead to retirements that end up being delayed and completely underwhelming or both.
2:07.8	That's next week for another one of my slack-jawed monologues.
	...

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