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Jake and Gino Multifamily Investing Entrepreneurs

Cash Flow and Coffee Farms with Keith Weinhold

Jake and Gino Multifamily Investing Entrepreneurs

Jake & Gino

Buyingapartmentbuildings, Investingsmart, Multifamilyrealestateinvesting, Business, Smartinvesting, Jakeandgino, Apartmentinvesting, Investing, Commercialrealestateinvesting, Makingmoney, Buyingrealestate, Realestateinvestment, Wheelbarrowprofits, Realestateinvesting, Cashflow

5831 Ratings

🗓️ 31 March 2016

⏱️ 34 minutes

🧾️ Download transcript

Summary

In 2002, when it was time to purchase his first home, Keith didn’t buy a traditional “home.” He literally transformed from a rent-paying tenant into a real estate investor with three rent incomes overnight. How? He bought an Anchorage, Alaska four-plex building, living in one unit while renting out the other three. But soon the “dealing with tenants” reality ensued. He made mistakes like renting an apartment to girls just because they were pretty, to sympathizing with late-paying renters and never getting paid. Keith owned that first four-plex for a couple years until he even knew what terms like “cash flow”, “cash-on-cash return”, or “equity” meant. Keith learned the hard knocks from the inside by managing his own properties and tenants for 5-1/2 years. When he read a book and learned about leverage and cash-out refinances, the light bulb illuminated. Rather than just gaining this knowledge, it was acted upon and Keith’s portfolio soon grew to add a second four-plex, then a single family home, then out-of-state “turnkey” properties, then foreign agricultural land, then ever-larger apartment buildings and more. Keith soon found great joy and influence by relating his experiences to others, and demonstrating how providing responsible housing with an abundance mentality, simple math, and acting “at the speed of instruction” makes ordinary people wealthy in real estate. Today, Keith actively invests in income property nationally and internationally, from United States apartment buildings to offshore coffee farms. Get Rich Education focuses on smart buy-and-hold real estate investing because it’s not a job. Flipping, wholesaling, and other real estate means can be profitable. But they’re jobs. In this episode you will discover: • Why starting out small is ok. • Starting out in a duplex or quad while living in a unit. • 5 ways to profit from real estate investing. • The power of preparation. • Investing in coffee farms. • Being BOLD! • Creating a life. • The power of persistence. • Investing out of market. • Time leverage. • Life after financial freedom and much more!

Transcript

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0:00.0

Welcome to the Wheelbarrow Profits Podcast, where you get multi-family investing made real.

0:06.5

Learn from top players in the real estate investment world as they share their secrets with you

0:11.5

and discover proven strategies on apartment investing that actually work.

0:16.0

To learn more about wheelbarrow profits, visit jake and gino.com.

0:24.7

Your one-stop shop for everything multifamily now to your host jake and gino hello everybody this is jake stenziano host of the wheelbarrow profits podcast

0:30.5

here with my co-host the multi-family mentor the coach the chef the father of six the best-selling

0:36.1

author the g daddy gino barbarao gino how's it going jay love i'm doing good how you doing the coach, the chef, the father of six, the best-selling author, the G-Daddy.

0:38.4

Gino Barbarro, Gino, how's it going?

0:40.3

Jay Love, I'm doing good.

0:41.4

How you doing?

0:42.2

Always making it happen, big man.

0:43.9

Today's guest is Keith Weinhold.

0:46.2

Keith, the founder of Get Rich Education, hosts one of America's top investing shows

0:50.9

with thousands of listeners.

0:53.4

In 2002, when it was time to purchase his first home,

0:57.0

Keith transformed from a rent-paying tenant into a real estate investor overnight. He bought an

1:02.8

Angridge, Alaska fourplex, living in one unit, while renting out the other three. Today,

1:08.7

Keith and his wife actively invest in income producing property nationally

1:12.6

and internationally, from U.S. apartment buildings to offshore coffee farms. Hopefully,

1:18.5

we'll get some coffee education today alongside some real estate education. So without further

1:24.3

ado, Keith, welcome the show. Hey, thank you, Jake and Gino. I appreciate being here.

1:30.2

So why don't we start? Tell us a little bit about your background and how you got into real estate.

...

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