183: Your "Return On Life" with David Keener
Get Rich Education
Keith Weinhold
4.8 • 612 Ratings
🗓️ 27 June 2018
⏱️ 44 minutes
🧾️ Download transcript
Summary
#183: There is an asset type where you can get both cash flow and have the peaceable enjoyment of the premises yourself.
Most people regret buying vacation property because they've either found that: 1) They don't use it often. 2) They're managing it as a rental to others. 3) They bought a timeshare.
Imagine being able to buy tropical beach property in Placencia, Belize: it's closer to most of the U.S. than Hawaii, with warmer water than Hawaii, and at low prices like Hawaii had decades ago.
Buy vacation property that provides you with monthly cash flow, is in an up-and-coming place, and is turnkey-managed.
Sometimes you must ask: "What's my Return On Life?"
Want more wealth?
1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book
2) Actionable turnkey real estate investing opportunity: GREturnkey.com
3) Read my new, best-selling paperback: getbook.at/7moneymyths
Listen to this week's show and learn:
03:46 One special world place with enormous opportunity.
06:39 Trends and indicators of new real estate development.
09:11 Placencia, Belize.
13:42 Infrastructure, existing development, geography, amenities.
18:10 Property construction on tropical islands.
20:09 Utilities.
22:44 Turnkey-management detail.
27:10 Safety and security.
29:10 Minimum investment is $50K.
32:05 Investor tour.
38:23 Cave tubing, waterfall, beaches, community, islands
40:58 Book a tour & meet me. I'll be there July 20th to 23rd, and again Sept. 6th To 9th, 2018. Get started at www.GetRichEducation/Belize.
Resources Mentioned:
Mortgage Loans: RidgeLendingGroup.com
Cash Flow Banking: ValhallaWealth.com
Apartment Investor Mastery: BradSumrok.com
Transcript
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| 0:00.0 | Get Rich Education is brought to you by Ridge Lending Group, apartment investor mastery, and producers' wealth. You're listening to the show that has created more passive income for people than nearly any show in the world. This is the powerful Get Rich Education. Welcome to GRICH Education. |
| 0:35.6 | From St. Petersburg, Russia, to St. Petersburg, Florida, and across 188 nations worldwide, this is Get Rich Education. |
| 0:45.4 | I'm Keith Weinhold, back to help you build your wealth. And today, we're building your wealth and building your life at the same time. |
| 0:52.8 | Now, we've discussed how real estate investing begins with you. |
| 0:56.4 | What do you want it to do for you? |
| 0:58.9 | The production of cash flow is a common answer, |
| 1:01.7 | and it's still number one for me, quite frankly, |
| 1:03.9 | but what if there were an asset that could provide you |
| 1:07.1 | with both stable cash flows |
| 1:09.2 | and you could also own this property in a place where you might |
| 1:13.3 | get peaceable enjoyment of the premises a few weeks a year yourself at the same time. And that's |
| 1:20.0 | what we're talking about today. Now, if you've got a vacancy in your Baltimore income property, |
| 1:26.6 | Baltimore is nice, but it's quite unlikely that you would |
| 1:29.5 | want to vacation there and fill the vacancy yourself for a couple weeks, since a holistic |
| 1:35.7 | definition of wealth is not just money, and it's really the entirety of your life's different |
| 1:41.9 | components, like we talked about here with Chris Martinson recently, |
| 1:45.9 | you can't just stick wealth in a 401k and defer it all until you're 60 or 70. |
| 1:53.0 | But now, there are some things that you do want to avoid with real estate investing for lifestyle. |
| 1:58.0 | One that quickly comes to mind is a timeshare. A lot of times, time share participants, |
| 2:03.8 | they don't actually own a real tangible asset. They pay a high management fee. And then worse, |
| 2:09.9 | they rarely see the value of their investment tied to the actual value of the underlying property. |
| 2:16.0 | Now, when you think about vacation home ownership, you might also |
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