361: This Guest Is The Biggest Failure That I Know
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 6 September 2021
⏱️ 38 minutes
🧾️ Download transcript
Summary
Rents are skyrocketing, up 11.4% just since the start of this year per Apartment List.
Increases like this could mean a 25% increase in your cash flow.
Rod Khleif has made big failures. I mean that in the best way. Ultimately, he was willing to fail often in order to become the giant success that he is today.
He lost $50M in the 2008 crash, even though his properties were at 30% LTV (70% equity).
Rod is a multifamily apartment building investor and syndicator. He motivates many with his successful seminars.
We discuss “The Law Of The First Deal”.
Who you spend time with is who you become.
He’s an active RE buyer now, with 296 units under contract in San Antonio.
However, he sees an economic contraction coming.
To hedge against a potential RE market downturn, Rod likes to avoid C-Class property. He likes investing in “A” and “B” areas in southern states.
Resources mentioned:
Show Notes:
Rod Khlief’s website:
Rod’s podcast:
Lifetime CashFlow Through Real Estate
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Transcript
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| 0:00.0 | Welcome to GRE. I'm your host Keith Winehold talking today about another reason that rents are rising faster than historic norms and why that should continue. |
| 0:10.4 | Then this week's guest is the biggest failure that I know. |
| 0:15.3 | This means that you can learn a lot of real estate lessons here. |
| 0:17.8 | We'll get a dose of mindset from him and learn about how he |
| 0:21.3 | sees the climate of today's market today on Get Rich Education. |
| 0:27.9 | You can get a 50-year-old house somewhere or buy a new one directly from the builder with |
| 0:33.1 | tenant resilient amenities already built in. With over 3,000 Florida units at different construction stages, they are exclusively for |
| 0:41.7 | investors. |
| 0:42.5 | President Wagner and Alaska and team also invest strongly in their own product, that's |
| 0:47.6 | belief. |
| 0:48.3 | Start at build to rent direct.com. |
| 0:51.0 | That's build the number two, rent direct.com, or text 407, 927-5074. |
| 1:00.1 | Hey, is your IRA in a real estate syndication? Yikes, a 37% Ubit tax could hit you, but you still |
| 1:07.1 | have a chance to set up your EQRP and avoid this. Did you make too much money in 2020 and |
| 1:12.6 | need more deductions? Now federal law lets you set up an EQRP in 2021 and get deductions for last year. |
| 1:19.9 | Yeah, retroactively. Even put old IRA and 401k money in Bitcoin, gold or your own business. |
| 1:25.8 | Get control of all of your retirement money, tax |
| 1:28.3 | and penalty free. Text EQRP in all capital letters to 72,000. You're listening to the show that |
| 1:37.5 | has created more financial freedom than nearly any show in the world. This is Get Rich Education. |
| 1:58.6 | Welcome to GRE from Ash, Tibula, Ohio to Ashland, Oregon and across 188 nations worldwide. |
| 2:04.9 | I'm Keith Weinhold. This is GetRous Education. Last year, the price of building materials shot up, |
| 2:11.7 | and as a result, housing values consequently shot up. And as a result of that, now rents are beginning to shoot up all at |
... |
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