Mar 31, 2016
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!