330: How To Grow Your Property Portfolio
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 1 February 2021
⏱️ 43 minutes
🧾️ Download transcript
Summary
After your first 10 rental properties, what comes next?
Buying more than 10 financed properties of 1-4 units often incurs an interest rate about 2% higher.
Apartment buildings of 5+ units is an option.
You can become a real estate syndicator. It is sophisticated. This means you identify a big real estate complex and attract other investors’ money to the deal.
Syndications often SEC-regulated. To attract investors, you must also build your brand.
You can be a private money lender with a stable 10% cash-on-cash return. Real estate is your collateral. See: www.getricheducation.com/lending
With agricultural real estate, the trees are the tenants. They don’t vacate the property and they’re low maintenance. The asset literally grows; land is titled to you. See: www.getricheducation.com/teak
“Family offices” manage wealth for affluent families and individuals. They might cost $1M per year, meaning you’d often need assets of $100M+.
Direct real estate investors “feel the bumps”. I recently had a truck accident-damaged property that was in disrepair for 9 months!
This year, John Burns RE Consulting predicts existing home prices to rise +8%, new homes +9%.
It took Tesla 17 years to make a profit. You often do this in 1 month with real estate.
Damion Lupo drops by with crucial eQRP updates. An eQRP lets you: invest your retirement funds in nearly anything, $58,000 annual contribution limit, no custodian, and avoid a 37% UBIT tax hit (like you have with SD-IRAs).
Resources mentioned:
Get the free eQRP book; text “EQRP” in all capital letters to: 72000
Great turnkey provider for beginners:
Rare provider with 1% rent-to-price ratio:
www.GetRichEducation.com/Dayton
Private Money Lending:
www.GetRichEducation.com/Lending
Teak hardwood trees:
New fourplexes in West:
www.GetRichEducation.com/Fourplex
New fourplexes in Southeast:
www.GetRichEducation.com/Southeast
Turn $100K into $300K in five years:
https://www.getricheducation.com/turn-100k-300k-five-years/
Show Notes:
Mortgage Loans:
EQRPs: text “EQRP” in ALL CAPS to 72000 or:
By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.
New Construction Turnkey Property:
Best Financial Education:
Get our free “Don’t Quit Your Daydream Letter”:
www.GetRichEducation.com/Letter
Top Properties & Providers:
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Keith’s personal Instagram:
Transcript
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| 0:00.0 | Welcome to Get Rich Education. I'm your host Keith Weinhold. If you've bought your first 10 residential rental properties, well then if you want to grow your portfolio further, what comes next? I've got a bunch of material for you here. Then for the first time, we're going to discuss family offices. Next, where can a beginner start in real estate investing? And finally, I've got a crucial update to your retirement plan today on Get Rich Education. |
| 0:27.0 | Hey, is your IRA in a real estate syndication? |
| 0:29.8 | Yikes, a 37% Ubit tax could hit you, but you still have a chance to set up your EQRP and avoid this. |
| 0:37.1 | Did you make too much money in 2020 and need more deductions? Now federal law lets to set up your EQRP and avoid this. Did you make too much money in 2020 and |
| 0:39.2 | need more deductions? Now federal law lets you set up an EQRP in 2021 and get deductions for last year. |
| 0:46.4 | Yeah, retroactively. Even put old IRA and 401k money in Bitcoin, gold or your own business. |
| 0:52.4 | Get control of all of your retirement money, tax and |
| 0:55.0 | penalty-free. Text EQRP in all-capital letters to 72,000. |
| 1:02.6 | You're listening to the show that has created more financial freedom than nearly any show |
| 1:08.1 | in the world. This is Get Rich Education. |
| 1:25.6 | Welcome to GRE. I'm your host Keith Winehold here on episode 330. |
| 1:30.9 | Hey, well, let's say that you've bought your first 10 financed properties at those best mortgage interest rates in terms like you can. |
| 1:39.6 | Well, then what comes next? What's down the road? |
| 1:42.7 | Well, depending on whether you've put single family homes or duplexes, triplexes, fourplexes in your portfolio, well, then is 10 doors up to 40 doors? Is that enough for you? And, well, maybe it is if you're looking to build some extra residual income on the side of your life around your day job and then nothing more than that is needed, great. That might be enough. |
| 2:07.3 | Though you might want more than that and you might wonder what is next. |
| 2:12.8 | Now, when it comes to these properties, your firsthand, you might remember that seven weeks ago, |
| 2:17.8 | Chaley Ridge updated us. If you want more loans than that, then it's about a two and a half |
| 2:23.8 | percentage point bump up in your interest rate. And although those terms might still work for |
| 2:30.1 | you, it sours the deal. It wasn't too long ago that there was only about a 1% margin there. |
| 2:35.9 | So let's look at some alternatives here if you want to own more property. Of course, twice |
| 2:42.1 | already this year on the show. We've discussed four plexes. This helps optimize your borrowing |
| 2:48.0 | power. If you have all four plexes, then you can have 40 doors single, |
... |
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