Get Rich Education is brought to you by Norrata Real Estate, the real asset investor, and Mid-South homebuyers.

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.

Now, here's your host, investor, entrepreneur, business owner, and educator Keith Weinhold.

Welcome to GRE. This is Get Rich Education. Episode 118. Hi, I'm Keith Weinhold. Back to help

you build your wealth and bringing it back with impact regularly dishing you a life-changing lifeline. We're going to talk about risk

in real estate investing today. How comfortable are you with risk? And you're going to find out

something about my risk tolerance. And then later, we're going to bring in a great guest to

compare real estate investing with some other investment classes like stocks, businesses, gold and silver,

and commodities. Let's talk about risk a bit here. With risk, rich dad, poor dad, author Robert

Kiyosaki says, don't play it safe, play it smart. Let's talk about real estate loans. What's

risky there? What's playing it safe and what's playing it

smart with loans for one to four unit properties and then for larger apartment buildings.

When you put a buy and hold property in your portfolio, you're not just tied to a geographic market

and a property for the long term. you're typically also tied to a mortgage

for the long term. Well, first, with one to four unit properties, that's single family

homes, duplexes, triplexes, and fourplexes, you've got those two main choices there where you can

secure a fixed amortizing mortgage of either 30 years duration or 15 years duration.

In almost every case, I say take the 30 year, but that depends on you.

In fact, on my single family income properties, I choose the 30 over the 15 for every one of them. Well, you can show me that with the 15-year loan,

you will pay less interest over time. 15-year mortgage rates are about three-quarters of a percent

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