Podcasts about Amortization

Today's show is sponsored by The Cost Segregation Guys. If you own investment real estate and haven't looked seriously at cost segregation, you could be leaving significant tax savings on the table.  If you click on the link you will be connected with them directly and qualify for a discount. -------------If you're a mid-size multifamily investor. You're not a mom-and-pop landlord with two units and you're also not an institutional shop with a dedicated capital markets team. You're in the middle — and historically, that middle ground has been underserved by the lending market. The big agency programs were built for big loans. Local banks could handle the small stuff, but once your deal got past a certain size, things got awkward and the terms got worse. Sound familiar?That's exactly the investor Freddie Mac's Conventional Small program was built for.On April 15th, 2026, Freddie Mac renamed their Small Balance Loan program — previously called the SBL — to Conventional Small, and folded it directly into their core Conventional platform. Loan sizes run from two million to ten million dollars. The cap was raised from $7.5 million to $10 million as part of the April 2026 upgrade — meaningful for anyone who was bumping up against the old ceiling. Fixed-rate terms are now 5, 7, 10, 12, or 15 years — the 12 and 15-year options are brand new additions. Amortization goes up to 30 years. As of June 2026, rates are running approximately 5.73%-----------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

El episodio 119 llegó con framework, números y oportunidades que no te podés perder.Arrancamos con lo más accionable del episodio: los 7 principios de Y Combinator para construir una empresa en la era AI. No es AI como herramienta, es AI como sistema operativo de toda la organización. Loops cerrados en cada proceso, empresas legibles para los modelos, fábricas de software donde los humanos definen los specs y la AI construye el código, y equipos lo más flat posible donde cada persona tiene una responsabilidad directa y no hay lugar para esconderse. Si estás construyendo algo hoy, este es el episodio.Después el número que más sorprendió de la semana: Uber gastó 500 millones de dólares en tokens en tres meses y su CFO admitió públicamente que no vio ningún resultado. La contracara fascinante es que los propios modelos de AI no saben cuánto les cuesta producir cada token. Están vendiendo algo a un precio que ellos mismos no entienden todavía. Y mientras tanto, la mayoría de las empresas está descubriendo que un modelo open source más chico instalado en sus propios servidores les da el 90% del resultado al 2% del costo.También hablamos de la nueva métrica que define esta era: el EBITDA ya tiene una T nueva. Ya no es solo Before Interest, Taxes, Depreciation and Amortization. Ahora es Before Tokens también. Si tu empresa no está midiendo cuánto gasta en tokens, no está midiendo bien.En el frente de IPOs, Anthropic hizo su filing privado, OpenAI apunta a septiembre y SpaceX está cada vez más cerca. Tres movimientos que van a redefinir el mercado en los próximos meses.Cerramos con dos temas más personales. Primero, el debate entre Oura, Whoop y Fitbit — cuál sirve, para quién y por qué el nuevo monitor de glucosa Lingo de Abbott a 30 dólares puede ser uno de los dispositivos más importantes para entender tus hábitos. Segundo, cómo filtrar el spam de family offices y brokers de secundarios que llega por LinkedIn todos los días sin perder tiempo.

I sit down with Zach Oehlman, a former velocity banking and 1st lien HELOC advocate turned whistleblower—who's now calling out major figures like Michael Lush and the Kwak Brothers. After years as a top affiliate with Renatus, Zach breaks down the flawed math behind velocity banking, explains why the strategy doesn't outperform simply paying down your mortgage, and shares details of his lawsuit against Renatus. If you've heard claims of paying off your home in a few years using HELOC “chunking,” this is a direct, numbers-driven breakdown—and an open challenge to anyone defending the strategy.Watch the Interview on Youtube for Visuals - https://youtu.be/OJcLugBokeEWant Us To Review Your Permanent Life Insurance Policy? Click Here: https://bttr.ly/yt-policy-reviewBuy Your Tickets to the Life Insurance Summit! Click Here: https://betterwealth.com/summitLearn More About BetterWealth: https://betterwealth.comChapters:00:00 - Interview Teaser 01:36 - Guest Introduction, Velocity Banking, Lines of Credit 04:24 - The Legal Battle with Renatus *12-Year History with Renatus *Why is he suing the company? 11:40 - Attempts at Dialogue and Professional Audits 18:51 - What is Renatus and What Do They Sell? 24:57 - Understanding the Velocity Banking Pitch 27:31 - Debunking "Amortized Interest" Myths 29:22 - The Host's Own Correction on Amortization 33:59 - Flaw in Comparative Analysis 34:34 - Liquidity, HELOCs, and Second Leans 45:51 - Step-by-Step Math: Mortgage Acceleration Logic 47:23 - How to Pay Less in Interest? 48:02 - How to Pay Off $100k in 3 Years 48:45 - Correct Analysis 57:17 - Mortgage Calculator 01:02:17 - Goal of the Lawsuit 01:10:12 - Final ThoughtsDISCLAIMER: https://bttr.ly/aapolicy*This video is for entertainment purposes only and is not financial or legal advice. Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

Keith explores how real estate investors can use mortgage strategies to build long-term wealth.  Seasoned lending expert and repeat guest Caeli Ridge joins Keith to discuss why debt isn't something to avoid but to optimize, and how negotiating terms can matter more than price. They walk through practical approaches for new and experienced investors, from house hacking to scaling a rental portfolio. The conversation also tackles common myths about qualifying for investment property loans and what really matters to lenders.  Finally, they emphasize focusing on fundamentals—cash flow, risk management, and informed decision-making—rather than fixating on interest rate headlines. Episode Page: GetRichEducation.com/604 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  FAMILY to 66866  Unlock truly passive real estate income—visit flockhomes.com/GRE today to see if your properties qualify for a 721 exchange with Flock Homes. Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Welcome to GRE I'm your host. Keith Weinhold Some mortgage guidance out there is costing you wealth today. I'm talking about how you can negotiate to get better terms. I'll tell you the exact questions to ask. Then a guest clears up mortgage myths and misconceptions and how you can borrow to win today on get rich education   Keith Weinhold  0:28   let me ask you something, if you've worked hard to build wealth, is your money positioned to actually support your goals? A lot of accredited investors leave capital sitting in cash because it feels safe, but inflation and missed income opportunities can quietly erode its value. Freedom family investments offers freedom notes for investors seeking structured income backed by real estate. It's a straightforward approach built on real assets, not speculation and full disclosure. I'm an investor myself. What I like is that their team walks you through how it all works so you can decide if it aligns with your portfolio and income goals. Every investment carries risk and nothing is guaranteed, but with a track record of consistent on time investor payouts, they built real credibility. Go to freedomfamilyinvestments.com to book a clarity call or text family to 66 866, that's family to 6866   Speaker 1  1:32   you're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:48   Welcome to GRE from Albany, New York to Albany, Oregon and across 188 nations worldwide. You're listening to get rich Education. I'm your host. Keith Weinhold, as we know, debt isn't something to avoid. It's something to optimize. As a real estate investor, I would rather have lower mortgage rates than higher ones, and now you can call me Captain Obvious. Yet there are some reasons that higher mortgage rates benefit us as investors, though they're not as great as the lower rates are I'll discuss some of that today. This stuff obviously influences marketplace behavior. In fact, here we are now, years after rates made their historic surge and nearly tripled between 2022 and 2023 and yet still, 70% of mortgage borrowers have an astoundingly rock bottom rate below 5% today, lower than the ocean floor, and they won't sell those properties. That's just one contributor to the low supply hangover that still lingers. Are today's buyers still anchored to an unrealistic baseline. It certainly reframed how investors think about normal borrowing costs and what that word normal means. My first ever rental property, many years ago, was purchased at a 30 year fixed rate of six and three eighths percent. One year later, I got to refinance a full 1% lower at five and three eighths. I'm happy that I bought one I did because starting year earlier, got all my real estate benefits rolling that much sooner, the leverage and everything else, and when I did that, refinance many years ago, from six and three eighths down to five and three eighths, I was able to roll all of my loan refinance costs into the new mortgage balance, and that way I didn't have to pay anything out of pocket. So financing is negotiable. A lot of investors don't realize that buy down your rate if you want roll the loan costs into the loan amount, like I did. In fact, I would usually rather have a higher mortgage rate and then not have to come out of pocket at the table. I would rather do it that way. Sometimes I take a higher rate and even get cash back at the closing table. So I walk away from the closing table with a property and cash, but yet with a bigger mortgage. And what's the strategy there? Well, with more inevitable Inflation, I want to load up on the dollars that I get now and then make those paybacks over the long term with future cheaper, diluted dollars for 360 months, sometimes I don't have to ask the lender for any sort of favor to get that zero help from the lender at the closing table to get cash back. How do I do that? Well, I ask the seller to give me cash at the closing. Closing table in return for offering the seller full asking price, or sometimes even over the asking price. I have done it the strategy of offering full price or even a little more than the full list price. See, that's often easier than getting a price cut from the seller, and that works great, because getting the closing table, cash is going to benefit you more than the price cut would anyway, in almost every circumstance, and when it comes to your lender, ask them questions that cut through the noise. Now, lenders have to make their profits somewhere and stay in business, but I've asked the question, what's the break even point on this rate buy down. That's something you can ask today. That can be an even better question for you to ask of builders with all of the buy downs that they're doing for you now, most people know about a mortgage rate lock. That's when you're in contract to buy a property. At some point, you and your mortgage company, you lock in your rate for, say, 30 to 60 days, and that way, if the rate rises before the deal is completed, you are protected. You are locked in. But some lenders also offer float downs. That's for if you lock and then rates go lower before you get the deal closed. In that case, you get the lower rate, and now you successfully played both sides, but most borrowers don't know to ask about a float down for larger apartment buildings, sometimes you can negotiate away prepayment penalties or instead a shorter penalty window. The thing to keep in mind is that smallest borrowers negotiate price, but savvy investors negotiate structure. That's what we're talking about here, and that's why you often hear that terms are more important than price. So there's plenty of opportunity here, even if historically low rates is not where today's opportunity lies. Today, we're going to discuss some things about mortgages that most people believe but are just flat out wrong. Also, what separates the borrowers who build real estate portfolios from the ones who stay stuck on property one, let's have a conversation with this week's repeat guest, a real favorite here at GRE for her mortgage clarity.   Keith Weinhold  7:35   Hey, the president of ridge lending group, Chaley Ridge is back with us. We'll get into things like rates and loan strategy shortly, but first, let's discuss some fun. What would you do? Chili, what would you do if you're 35 and have 100k to invest in real estate? What's your first move? Ooh, good question.   Caeli Ridge  7:55   So let's think five years ago for me now I'm 35 what would I do if I had that was a joke for all you listeners, obviously, you know, I think that if I could go back and knowing what I know now, I would probably invest that into an owner occupied house hack using an FHA loan. Probably look for newer construction if I could find it, and I would probably target a four unit residential property. I'd probably put three and a half percent down lowest rates with that. FHA, I would leverage my money, and I would get three other tenants in units, two, three and four to pay my mortgage, and then I'd use the rest to go buy an investment property   Keith Weinhold  8:32   much like I started out with the owner occupied four Plex, live in one unit, rent out the other three. FHA, three and a half percent down. What if someone, however, lives in a market where the numbers just don't work and the law really tilts toward the tenant rather than the landlord.   Caeli Ridge  8:47   You know, that's a good point. There's a lot of factors, obviously, right? And there's exceptions to all rules, etc. So I don't want to generalize, but I would probably take the 100,000 and maybe look at some kind of a burr in that case, maybe pivot and do some math and see if buy rehab rent refi might be more applicable. To take that 100 grand and leverage it that dollar bill, as far as I could make it  go   Keith Weinhold  9:10   sometimes you have to get scrappy when you're starting out another what would you do now? Say you've got some more experience. You already own two rentals. How do you scale that to 10.   Caeli Ridge  9:21   You know, my biggest piece of advice for investors, especially newer ish investors, is to make sure that you've got your eye on some level of diversification. Scaling from two to 10 can sound pretty daunting to some people, but I think that diversification advice comes in handy when you're not singularly focused on, let's say, a core philosophy of single family, residence, cash flow only in one market instead, maybe layer in some appreciating markets where you can earn and count on longer burn appreciation that you can then leverage from to then purchase the next to the next to the next, right. Cash. Refinances borrowed funds are non taxable. I would probably say diversification is the core answer to that question. For me,    Keith Weinhold  10:07   yeah, if you've already got two properties, maybe if you've had those for a few years, yes, you can do a cash out refinance and basically use one of your first two properties to fund that third and fourth and so on, right exactly? How about if rates drop 1% tomorrow? What's the next thing you would do? Immediately?    Caeli Ridge  10:29   I would do the math. Is what I would do, Keith, and I know you love that answer. So if I had a portfolio of X number of properties and rates just dropped 1% tomorrow, I would take a hard look at what I had in the queue, and I would say, Okay, how much does a one percentage point rate save me in monthly payment, aka, earn me in cash flow, and what is it going to cost me? It is imperative that the investor is actually doing the math. 1% may sound amazing, but if it's only going to save you 5060, bucks a month, and maybe that's enough, but it might cost you five grand. Does that math work for you? So that's my answer. Do the math?   Keith Weinhold  11:08   Yeah, if rates drop 1% does that make you want to perform more purchases? Does that make you want to refi something that you already have and at the same time that you do that refinance? Okay? That may or may not save you a lot in payment. But another consideration is, okay, well, at the same time you do that refinance, oh, maybe you could take cash out and use it as a down payment for another property, or just use that money for something else,    Caeli Ridge  11:33   absolutely, and you know what we're talking about. That from a purchase perspective, if rates drop 1% tomorrow, from an investment perspective, what do we think is going to happen to the rest of the market? The homeowners are going to be coming out of the woodwork, right? The owner occupied the competition is going to get very, very stiff, steep. I would say that if you are banking on or waiting for rates to do X, Y and Z, you are missing massive opportunities today. So there's a lot of reasons not to hesitate and be waiting on some magic, massive rate drop.   Keith Weinhold  12:04   All right. Well, those were three interesting what would you do scenarios you mentioned the possibility, and it's surely only a possibility that mortgage rates will drop sometime in the near future. Let's expand on that. If someone is indeed waiting for rates to drop. What are they risking in the meantime?   Caeli Ridge  12:25   You know, this is such a good but complicated question. There's a lot of layers to this. If someone has a magic number in their head, again, I'm going to press back and say you have to be doing the math. All right. So a lot of people conveniently, maybe not so conveniently. But a lot of people forget that interest rates, by nature, always drop or reduce much slower than they're going to climb. Okay, historically, go back and do your own research here. Interest rates, when they go up, they tend to kind of go up quickly. When they come down, they really kind of trail, and it's a slow, progressive landing. It's not a quick thing when they come down. So if we know that that's true, or at least historically, that's been true an interest rate reduction of an eighth or a quarter or three, it's of a point. Maybe that takes us a month or two or six or a year. What does that really mean to that payment? You have to be doing the math so, largely dependent on the loan amount. Okay, if you think that interest rates are going to be reduced in a month from now by a quarter of a percentage point, what does that mean to the payment? Does it mean $12 a month? Does it mean $100 a month? And in that scenario, in that calculation, what are you giving up by waiting the month or two or six for a what if I think that you are diminishing your rates of return by waiting on a come that one may never happen, and two, the significance is probably far less relevant than you are giving it credit for.    Keith Weinhold  13:52   Now, I think generally real estate investors want low mortgage rates. Obviously, it gives us a better refinance opportunity. It gives us a better purchase opportunity, potentially, okay. In general, we want lower rates. However, there are some reasons a lot of people don't think about as to why lower mortgage rates are actually bad for a real estate investor. If you just look historically, when have we had extraordinary low mortgage rates here in these past 20 years? Well, they've been to get us out of huge economic problems, late to global financial crisis or the covid pandemic. So if you're wishing for really rock bottom rates, which again, is tempting to do, and is advantageous, in a sense, there is a downside as well. If there are super low rates, a lot of people might be out of work, including your tenants. So that's the reason that we want to be careful as to what we wish for, with rates being super low and artificially low, like they were a couple times in the past two decades. And you know, Caeli another reason why I'm not fully in love. With low mortgage rates, although I liked them, is the fact that I look back and notice as being a property investor for more than two decades now, is that I have had tenants leave when mortgage rates are too low and lending is too easy, especially leading up to the global financial crisis, it was so easy to get first time homebuyer loans at really attractive rates. So I had higher vacancy because mortgage rates were so low that my tenants left and became first time homeowners. So yes, we generally want lower mortgage rates, but there is a downside to that as well.    Caeli Ridge  15:35   And I think there's probably a sweet spot, I think such a good point that most people probably don't think about Keith, and I couldn't agree more, when rates have been at their lowest. To your point, all hell is breaking loose economically in so many other sectors. Yeah, be careful what you wish for.   Keith Weinhold  15:51   Any old time, real estate investor would find it really humorous and almost cute that people think mortgage rates between six and 7% are high. You and I know they're historically low. 7.7% is the long term owner occupied, 30 year fixed mortgage rate going back to 1971 per Freddie Mac the most reliable stat set that we have. But now that we have come up back into what's really a more normal range, just like we started to do in 2022 How should someone think overall in not a high but a higher mortgage rate environment? What are some things that actually matter more now than they did before back five plus years ago?    Caeli Ridge  16:32    I want to give you some statistics. So from 1990 to now, the average owner occupied rate was 6.08 now that's owner occupied, and more often than not, you can add about a point percentage point spread between that and non owner occupied in general. So we are right in line with the last 36 year swing of where interest rates have been. So please keep that in mind. Again, that psychology piece. But overall, I think that what we need to be paying attention to, even if, over the last five years, 10 years, interest rates are a little bit higher than we came to recognize them, the pandemic was an outlier. You guys. Okay, let that lie that's hopefully never to repeat itself. But what we want to be focusing on, and I know that I'm beating a dead horse here, is that you have to get rid of the mental block that you have about that number that we call an interest rate. You need to be looking at a property holistically that says, does it cash flow based on this tenant application? What about this tenant application? What is my exit strategy? Is my property management doing the job that it needs to be doing? Can I trust them to ensure that my vacancy is low? And if I have to evict somebody that they know what they're doing and they know all the rules in the different cities and counties, I think that those are going to be more prevalent to the successful real estate transaction that gives you the financial freedom that you want long term, stop fixating on the rate. That's my advice.    Keith Weinhold  17:53   Some of those operations that you talked about are controllable, and the mortgage rate is largely uncontrollable outside of maybe getting a better credit score to get a lower rate or something like that, focus more on what you can control. And Caeli, you touched on something interesting that I think a lot of people don't understand, and that is investor financing versus owner occupant financing. A lot of people just don't understand the differences as to why investor loans cost more, tell us about that.   Caeli Ridge  18:25   Yeah, good question. It happens to be about secondary markets, so I won't get too technical, but when we talk about mortgage backed securities right Wall Street, and this is an asset class that is bought and sold and traded, etc, etc, there are demands, obviously, and then you've got layers of risk. So the baseline thinking is that an owner occupant is less likely to default on the home that they live in, right? Something is going on financially with them. They've got some hardships, etc. They're going to cut loose the rental property before they're going to default on their primary so that's just kind of the overall basic. There's other variables in there, but that's the one that makes the biggest difference. Is default rates on an owner occupied versus a non owner occupied. Now I may argue, if I can just add to this. So this is a little bit of a history lesson for those that maybe remember or too young to remember this. 08, 09, housing and lending implode on each other in this country, the financial crisis, et cetera, et cetera. It was the Wild West before that. You could have a pulse and get a mortgage, even investors right, 0% down. They had some pretty risky things out there. We didn't do that kind of stuff, but they were out there, and I certainly contributed to what happened with the oh eight financial crisis. So fast forward, and I feel like when things like that, especially in this country, happen and devastate big, huge sectors of our economy, we knee jerk. And we knee jerk in a way that is almost the 180 of irresponsibility. Let me explain so when we talk about what it used to be like, fogging a mirror, right, having a pulse and getting a loan as an investor or anyone. For that matter. Now fast forward to post, 08,09, you've got Dodd Frank, all that sweeping legislation, etc, they raised the qualification bar. Okay, that's fine. Now I want to come into today's space, and I want to give you guys an idea of the qualification markers between an owner occupied let's just use an FHA and a non owner occupied purchase. So you can have 580 credit and put three and a half percent down and have slightly over a 50% debt to income ratio and get an FHA loan, a GSE government sponsored enterprise loan. All right, a non owner occupied you've got to walk on water. Man, I make that dumb joke, files of blood and DNA samples, you've got 20 25% down minimum. You've got to have x higher in credit score, all these extra reserves, etc, etc. So I would argue that secondary mentality, thinking the non owner occupied is, in my opinion, probably a more stable loan as it relates to default. So there's some disconnect. I think that the way that that is thought about in secondary market speak, but maybe a little TMI for the listeners. In any case, that's the reason that they're looked at differently. The ideal, or the idea is, is that the owner occupied is less likely to default than the non owner occupied. I would disagree with that premise,   Keith Weinhold  21:19   and I think you would agree that things are still pretty tight because lending requirements are still pretty rigid, still pretty strict. You have to have a good credit history and assets and income, unlike what we had to have 20 years ago, when I was a real estate investor myself, back when things were irresponsible and back when things were free flowing, and money was flying, and a lot of nefarious things were happening. Even though I had a good credit score all my life, I was the beneficiary of those High Flying Wild West times myself. I remember on the first four Plex I owned after I had moved out of it so I didn't even occupy it anymore, I got a generous appraisal for a 90% combined loan to value, cash out, refinance 90% that I would not get today, no way.   Caeli Ridge  22:10   Yeah, but that knee jerk is, I think, also part of the problem. They go the opposite way that pendulum shift is, I feel like there needs to be a little bit more reasonability in the mix and different markers to justify who should be getting or being able to take advantage.   Keith Weinhold  22:26   When we talk about investor loans versus owner occupied loans, that really begs the question. Now, when does it make sense to house hack versus go straight into investor loans? What are some of the trade offs there.   Caeli Ridge  22:41   I would argue that if you are in a position and you're willing to share your primary residence with you know, tenants house hack is always a great idea, because you've got these great loan terms, you've got this massive leverage, and almost always you've got other people making the entire mortgage payment for you, or the vast majority of that mortgage payment, I'm such a big fan of that is a strategy for real estate investing. You've got to do it right. You got to do it by the rules. But I can't think of a downside if you qualify and you're willing to do that, to live with other people right next door, etc, etc. Some families don't think that that works for them, whatever, but I just think it's a fantastic way to jumpstart someone's real estate investment journey and then continue it. If you do it right every 12 months, then you'll be able to continue to parlay into the next, the next, the next. One thing I would say about that that I don't get a lot of opportunity to talk about, but since we're talking about here, if you're going to house hack and you've got, you know, a duplex, triplex fourplex, and you want to manage it yourself, which I think everybody should be responsible to manage at least one rental property in their lifetime, maybe official, yeah, yeah. More often than not, people will tend to pay for that service down the road. But having the experience is valuable. Do not tell the other tenants that you are the home owner, do yourself a favor and just you're another tenant, but you're taking care of you know, you don't want to let them know that you actually own the property. There's lots of emotional and different things that you want to avoid giving that information away to the tenants.   Keith Weinhold  24:17   I have had two friends, and each friend owned a fourplex, and what they did is they would manage the other person's fourplex. That way, they were able to keep it more professional and less emotional, since it wasn't the owner directly dealing with the tenant, and that provided a buffer that really benefited them. I haven't done that myself, but I found that such an interesting way to approach it?    Caeli Ridge  24:42   Yeah, that's smart. If that ends up being your situation, definitely horse trade that way. Otherwise, you're just a tenant and you can be on call whatever, just avoid giving that information back to the other tenants that may be there.   Keith Weinhold  24:54   Well, there's an underwriting reality out there that chili can share with us versus. Some of the online advice that you get, and what some of the biggest myths are that borrowers believe. We'll talk about that next. You're listening to get rich education. Our guest is Ridge lending Group President chailey Ridge, more we come back. I'm your host. Keith Weinhold.    Keith Weinhold  25:12   Flock homes helps you retire from real estate and landlording, whether it's one problem property or your whole portfolio through a 721 exchange, deferring your capital gains tax and depreciation recapture. It's a strategy long used by the ultra wealthy. Now Mom and Pop landlords can 721 the residential real estate request your initial valuation, see if your properties qualify@flockhomes.com slash, slash GRE, that's F, l, O, C, K, homes.com/gre    Keith Weinhold  25:47   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President chailey Ridge personally. While it's on your mind, start at Ridge lending group.com that's Ridge lending group.com   Ted Sutton  26:22   Hey, it's corporate directs Ted Sutton, listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Keith Weinhold  26:29    Welcome back to get Rich's case, we're talking with a familiar and recurrent guest Ridge lending group, President Caeli Ridge Kelly, talk to us about your underwriting reality there, versus some of the advice that one gets online sometimes, including what really gets a loan approved with some of those things like income and reserves and DTI.    Caeli Ridge  26:59   You know, this can be so confusing for the consumer, because there are so many different vehicles in which to get Mortgage Funding, and there's something in our industry called an overlay. Okay, an overlay is taking the purest form of a guideline and adding layers of risk to it. I'll give you an example. Let's say that we know, or most of us know that Fannie Mae and Freddie Mac allow for up to 10 finance properties per qualified individual, right? That is a straight Fannie Freddie guideline B of A, and this could be wrong, but a big boy bank may have an overlay and layers of risk that say we will only allow up to four, right? So all of this differing information, conflicting information, when the nice thing with ridges is that we go by the purest form of the guideline, we are not going to impose those overlays. So in working with us, you're always going to be sure that we know exactly what those guidelines are. We know them like our own faces, and that we're not going to impose some additional risk layering or overlay that might prohibit or preclude the qualification. It's pretty basic stuff. I mean, if you're going full doc, Fannie Freddie, and this can apply to our owner occupied and, of course, all of our non owner occupied income, debt to income, credit and assets, it's a pretty basic formula that we use. And then we've got all the other products that we have. Again, knowing those underwriting guidelines like the back of our hand, is very important to making sure that we can navigate the battleship in a creek. That's the analogy that I give that tends to be mortgage lending, or what feels like mortgage lending anyway. So it's pretty basic. We have to understand what the borrower's qualifications are out of the gate, and then we can provide them with a schematic of options that they can tell us which direction they want to go in    Keith Weinhold  28:42   for quite a long time now, one could get 10 conventional investor loans, single or 20 married. It wasn't always that way. I remember attending a real estate workshop in 2012 and you could only get four loans, or at least you could only easily get four investor loans before that expanded to 10. And we just shouldn't always assume that it's going to be this way forever.   Caeli Ridge  29:06   Yeah, so I kind of going back before 08,09, there was no limit to the number of finance properties Fannie and Freddie would secure per individual. After that crash, it shut off, and it got to four to your point. And then it stayed there for a while, until we kind of brought it back to that 10. You know, there's been rumors for years that they're going to up it to 12 or 15 or some random number. I don't even know where it's coming from. I always make a joke and say, Yeah, between now and my death, we'll see that. But it would be nice. It would be nice if they increase that number a few   Keith Weinhold  29:35   now, as someone is qualifying there, you probably run into a lot of borrowers that believe certain myths or have to have misconceptions corrected. Tell us about some of those    Caeli Ridge  29:45   the biggest myths, I'm going to say that it's probably one of three things they believe that they've got to make 10s of 1000s of dollars a month or hundreds of 1000s of dollars a year to qualify. Absolutely not true. It's so much less about the monthly. Income than it is the monthly income in relation to your minimum payments on your credit report. So just as an example, I could have a client that only shows $1,000 a month of income, but if they truly have no debt and some of the other qualifying criteria, they can qualify for a mortgage on an investment property, because the investment property has income to offset that mortgage payment. So it dispel the myth about having massive amounts of monthly income. That's not necessary. It's about the income and your monthly debt that we find on your credit report. That would be the first thing. The other thing, speaking of credit reports, I would say, is that a lot of times, people think that the overall debt that they're carrying matters. I mean, Mr. Jones could have $300,000 worth of debt, but his monthly payments are only 1500 All I care about is that monthly amount. I do not care what the total outstanding debt is. I hear that one a lot inquiries, credit inquiries. Every time you have your credit pulled, it drops the score, 20 points. Not the case. Now I can go down that rabbit hole, Keith, but it is a rabbit hole, so maybe I'll just leave it there. Your credit score does not drop X number every time you have your credit pulled. That's a misnomer.   Keith Weinhold  31:07   Well, actually, that brings up a thought. Then once prospective borrower initiates with you in there and gets the ball rolling in qualifying for a loan, what are some reasons that deals die late in the process? So what does it take to be sure to hold that together?   Caeli Ridge  31:23   You know, I think it all boils down to communication. And we tell our clients this on the front end, treat us like your attorney. You tell us everything, do not own anything, so that we can ensure that we're guiding you appropriately. So lack of information can derail things. Let's say, for example, they change jobs, and it's a completely new line of work, and it could prohibit or preclude the amount of income that we could have we were using now DTI gets changed, or they buy a new car in the middle, and they don't think it's going to come up. And now it's a DTI issue. It can be all kinds of things, but the point there is communication is key. Just keep us informed, and then we will give you the input or advice, and then you do what you want with that. But at least it's not once the bell is rung.   Keith Weinhold  32:05   Live pretty conservatively and safely until that loan closes. Yes, sir. Well, does that bring up any stories? Sometimes people learn better that way. Is there a deal? Perhaps that should have worked, but it didn't.   Caeli Ridge  32:20   That's a good question. You know, I think that the answer is no, and mostly because we have such a diverse menu of loan products, even if something did happen and even if it was outside of anyone's control, let's say we would normally just pivot to another loan product that would accommodate whatever that event ended up being. I cannot think of an example where a deal fell apart that could have gone differently, that we weren't able to just simply pivot into another path and close the loan for    Keith Weinhold  32:49   well, America is a place that promotes entrepreneurship, and it seems like side hustles as well are more popular than they've been before. So can you talk to us about how self employed borrowers get evaluated?    Caeli Ridge  33:04   Yeah, it is different. I mean, the simplest way to describe it is, we're going to take the adjusted gross income, but there are something called add backs. So depending on what their deductions are, there are certain things like Depreciation or Amortization or, I mean, there's a whole slew of things that we're able to take those numbers and add it back into the Adjusted Gross and then divide by 12 or 24 whatever it needs to be. That's typically what we're going to be looking at for a self employed person, versus the straight w2 is just the gross income divided by 12 months.   Keith Weinhold  33:35   Well, Caeli, this has been really good with some strategies and some actionable tactics. Before I ask how one can learn more about ridge? Is there any last thing that you'd like to share with us, whether that's to expand on anything we discussed, or any of the more nascent things that have happened, like banks holding less in capital reserves, or Fannie Mae, except in crypto back mortgages? Is there anything else we really ought to know?    Caeli Ridge  33:57   You know, I think my advice right now for anybody that is in real estate investing, thinking about getting into real estate investing, be informed. Listen to people like Keith, ideally, listen to people like me. I've been doing this for a very, very long time. I'm an educator at heart. Get your information from sources that you can trust, and try to avoid the analysis paralysis the best you can. I know that people get hung up on that, but now is the best time ever, and I would say that tomorrow and the next day and next year and the year after that, to invest in real estate.   Keith Weinhold  34:27   Yes, the only thing that could possibly make now better than ever is now is sooner than it's ever going to be again. Well, Caeli, if someone wants to get a hold of ridge so they can tell you their situation, and you can then help them find out how you can best help. What should they do?    Caeli Ridge  34:43   There's so many ways. Check out our website, ridgelinengroup.com you can email us info@ridgelinengroup.com you can call us toll free at 855, 74, Ridge. All of those ways get to us, and I look forward to speaking with each and every one of you   Keith Weinhold  34:58   that's been valuable. Always It's been great having you here.    Caeli Ridge  35:01   Thanks. Keith   Keith Weinhold  35:08   Caeli brought up a great point from the lender's view, when they make a loan, it might be safer for them to lend on an income property loan, actually, than it is for your own home, because on the income property, you have a substantially higher qualification bar to clear, and you have to make a higher down payment on it. I hadn't thought about it that way before. As far as Fannie Mae accepting crypto backed mortgage structures, that is still new as of this year. How it works with a crypto backed mortgage is that you're usually getting two loans. First you get a normal mortgage, and then for your down payment, it's a separate loan that's backed by your crypto. Your crypto stays locked up for years and you can't trade it while it's pledged as your home down payment. That's generally how it works. But notice the attraction. You would also get to keep your crypto while you're leveraging it. Also notice the risk there, and very few banks offer this, think Coinbase and not JPMorgan Chase. It's still new and niche, and it remains to be seen whether or not crypto backed loans will gain any real traction. It's only likely going to accept Bitcoin, Ethereum or stablecoins, not altcoins. Only about 1% of homebuyers use crypto in transactions. Most of what the current presidential administration has done focuses on making mortgages easier to get, not in making homes cheaper. Making mortgages easier to get means more bidders and higher prices. Washington can make it easier to get a mortgage, but they cannot make a $400,000 property cost $300,000 we talked about how to borrow to win today, and big thanks to our terrific guest. Until next week, I'm your host. Keith Weinhold, though you might quit your day job, don't quit your Daydream.   Speaker 2  37:17   Nothing on this show should be considered specific, personal or professional advice, please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively you   Keith Weinhold  37:45   The preceding program was brought to you by your home for wealth, building, get richeducation.com  

In this episode, I show you how to complete Form 1120, C Corporation Income Tax Return. Not only do I show you how to complete pages 1-6 of the Form 1120, including page 1, Schedule C, Schedule J, Schedule K, Schedule L, Schedule M-1, and Schedule M-2, but I also walk you through supporting schedules such as Form 1125-A (Cost of Goods Sold), Schedule G (Information on Certain Persons Owning the Corporation's Voting Stock), Form 1125-E (Compensation of Officers), Form 4562 (Depreciation and Amortization), and detail statements.Looking for a professional CPA firm to file your business and/or individual tax returns? Book a free consultation here: https://calendly.com/clarita-cpa-grou...

Navigating the Wild West of Texas Note Deals: Red Flags & Real ReturnsHave you ever been sent a deal that looks too good to be true, or perhaps just a little... "off"? In this special edition of Note Night in America, we're pulling back the curtain on a recent tape of 76 performing Texas notes. While the high interest rates and rural charm might catch your eye, the real story lies in the due diligence. Join us as we dissect a "daisy chain" of brokers, hunt down the truth through county records, and show you exactly how to calculate if a low-balance note is a diamond in the rough or a high-cost headache. Whether you're a seasoned pro or a "note buying for dummies" student, this deep dive into the "Spidey senses" of investing is a masterclass you can't afford to miss.Key Topics Covered in This Episode:Identifying "Joker Brokers" & Daisy Chains: How to spot when a deal is being passed through too many hands and why not being "direct to the seller" can frustrate your negotiations.The "Spidey Sense" of Due Diligence: Why a lack of loan numbers, third-party servicing, or RMLO (Registered Mortgage Loan Originator) verification should be an immediate red flag for any investor.Deep-Dive Research Techniques: Learn how to use batch geo-mapping, county deed searches, and lender website audits to verify the "hustle" and find the true origin of the notes.The Math of Arbitrage: A step-by-step breakdown of buying notes at 80% of the Unpaid Principal Balance (UPB) while funding them with private money at 85% to create instant "up-front" profit and long-term cash flow.Texas High-Cost Loan Hazards: Understanding the risks of interest rates exceeding 10% in Texas and how low down payments (under 10%) can complicate foreclosures.Amortization & Exit Strategies: How to use amortization tables to determine exactly when you must sell a note before the balance drops below what you owe your investors.Rural Property Realities: The challenges of getting accurate BPOs (Broker Price Opinions) in small towns like Alice, Spur, and Sweetwater, and why "windshield time" is sometimes the only way to verify value.Closing thoughts:Success in note investing isn't just about finding a list; it's about having the discipline to walk away when the numbers—or the stories—don't add up. We appreciate the hustle of every new investor, but our goal is to ensure you're making bids that actually close and protecting your reputation with your funding partners. Don't let a "daisy chain" wrap you in knots. Take these lessons, sharpen your research tools, and keep marketing. We'll see you at the top!Watch the Original VIDEO HERE!Book a Call With Scott HERE!Sign up for the next FREE One-Day Note Class HERE!Sign up for the WCN Membership HERE!Sign up for the next Note Buying For Dummies Workshop HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

Navigating the Wild West of Texas Note Deals: Red Flags & Real ReturnsHave you ever been sent a deal that looks too good to be true, or perhaps just a little... "off"? In this special edition of Note Night in America, we're pulling back the curtain on a recent tape of 76 performing Texas notes. While the high interest rates and rural charm might catch your eye, the real story lies in the due diligence. Join us as we dissect a "daisy chain" of brokers, hunt down the truth through county records, and show you exactly how to calculate if a low-balance note is a diamond in the rough or a high-cost headache. Whether you're a seasoned pro or a "note buying for dummies" student, this deep dive into the "Spidey senses" of investing is a masterclass you can't afford to miss.Key Topics Covered in This Episode:Identifying "Joker Brokers" & Daisy Chains: How to spot when a deal is being passed through too many hands and why not being "direct to the seller" can frustrate your negotiations.The "Spidey Sense" of Due Diligence: Why a lack of loan numbers, third-party servicing, or RMLO (Registered Mortgage Loan Originator) verification should be an immediate red flag for any investor.Deep-Dive Research Techniques: Learn how to use batch geo-mapping, county deed searches, and lender website audits to verify the "hustle" and find the true origin of the notes.The Math of Arbitrage: A step-by-step breakdown of buying notes at 80% of the Unpaid Principal Balance (UPB) while funding them with private money at 85% to create instant "up-front" profit and long-term cash flow.Texas High-Cost Loan Hazards: Understanding the risks of interest rates exceeding 10% in Texas and how low down payments (under 10%) can complicate foreclosures.Amortization & Exit Strategies: How to use amortization tables to determine exactly when you must sell a note before the balance drops below what you owe your investors.Rural Property Realities: The challenges of getting accurate BPOs (Broker Price Opinions) in small towns like Alice, Spur, and Sweetwater, and why "windshield time" is sometimes the only way to verify value.Closing thoughts:Success in note investing isn't just about finding a list; it's about having the discipline to walk away when the numbers—or the stories—don't add up. We appreciate the hustle of every new investor, but our goal is to ensure you're making bids that actually close and protecting your reputation with your funding partners. Don't let a "daisy chain" wrap you in knots. Take these lessons, sharpen your research tools, and keep marketing. We'll see you at the top!Watch the Original VIDEO HERE!Book a Call With Scott HERE!Sign up for the next FREE One-Day Note Class HERE!Sign up for the WCN Membership HERE!Sign up for the next Note Buying For Dummies Workshop HERE!

Guest: Deric Keller - Certified Business Coach with Exit Momentum, former $10M business ownerEpisode Overview: Financial advisor David Chudyk interviews business coach Deric Keller about strategies that make businesses more profitable, sellable, and sustainable while improving owner wellbeing.Key Topics Discussed:1. Common Hiring MistakesFounders often hire to "fill a seat" rather than designing the role firstThis creates "Frankenstein roles" that are hard to replace and measureBest practice: Use the "elevate and delegate" model - categorize tasks by what you love/hate and are good/bad at, then delegate the bottom tier2. The Hustle TrapBusiness owners often wear burnout as a "badge of honor"Example: Owner doing parts runs while $60K in bids pile up (70-80% close rate)Key insight: Are you busy with the right things that generate revenue?Delegate tasks you hate/aren't good at to focus on high-value activities3. Tracking the Wrong MetricsMost founders track profit incorrectly by hiding expenses to avoid taxesThis hurts: credit applications, equipment financing, home purchases, and business valuationClean books = higher business value4. What Drives Business Valuation Factors that LOWER value:Over-reliance on one customer (lack of diversification)Weak human capital (high turnover, inexperienced staff)Missing systems/processes/intellectual propertyPoor financial predictabilitySingle vendor dependencyFactors that INCREASE value:Customer diversificationStrong, experienced teamDocumented systems and processesRecurring revenue (3-6 point multiple increase)Clean financial records5. Understanding Business MultiplesMost businesses sell for a multiple of EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization) or net profitTypical multiples: 1-3x (weak business) to 6-15x (strong business with recurring revenue, great systems)SaaS companies often valued on revenue multiples (though AI is currently driving these down)Who buys you affects the multiple (strategic buyer vs. PE firm)6. When Hustle Stops WorkingHard work creates bottlenecks when you're the decision-maker for everythingLeads to: burnout, key person dependency, slowed growthSolution: Decentralized command (like military model) - give teams the mission, let them executeBalance: You can't give equal TIME to business/family/health, but you can give equal INTENTION7. The 3D Diagnostic ModelDirection: Where is the company going? What are the goals?Design: What's the structure, systems, processes, financial model?Dynamic: What's the human element? Who might be holding you back?8. Leadership DevelopmentLeadership is a learned skill, not innate talentRequires repetition and practice ("reps")Best professionals in every field have coaches9. Work-Life Integration StrategiesBe strategic with focus and intentionWhen with family: phone down, fully presentGym time: have a plan, execute, leave energizedDaily practices: journaling, meditation, prayer, gratitudeLearn-teach-implement cycle: consume content, teach it to someone, apply it10. Definition of Wealth Deric's answer: Legacy - Making an impact that outlasts you, influencing people you'll never meet through the business owners and teams you coachCall to Action: Visit ExitMomentum.com to:Take a free business assessmentBook a 3D diagnostic call (no cost)Access free tools and insightsSchedule an in-person leadership labKey Takeaway: A sellable business is a good business, even if you never sell it. Building systems, diversifying revenue, and developing your team creates value regardless of your exit timeline.Links referenced in this episode:www.weeklywealthpodcast.com/endgameexitmomentum.com

Jason and Laura Phillips discuss the concept and mechanics of reverse mortgages, including different funding options and how they operate similarly to life insurance. They explore the history and current state of the reverse mortgage industry, noting its long-standing presence and the various ways seniors utilize these funds to access home equity. Laura gives detailed explanations about different loan types, interest rates, and the importance of working with a specialized reverse mortgage professional, emphasizing careful consideration of the product's implications. Contact Laura at https://LauraPhillips.com/ This May, become an Empowered Investor. Join Jason and his team as they empower you to gain control of your financial future and create wealth. Get your tickets at https://EmpoweredInvestorLive.com/ today! Key Takeaways: 0:00 What is a reverse mortgage 7:01 Terms of a reverse mortgage 12:49 It is a financial tool 15:35 Who are the investors   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

In this episode. join host Alyssa McNamara Reed provides a detailed look at mortgage management and the mechanics of debt reduction. She utilizes amortization tables to illustrate how interest payments are front-loaded, demonstrating how even small monthly overpayments can significantly shorten a loan's lifespan and save homeowners thousands in interest. The discussion also features a caller who shares his personal success in achieving financial freedom by aggressively paying off his mortgage early. Additionally, Reed offers guidance on evaluating refinancing opportunities, suggesting that borrowers must consider how far they are into their current loan term before resetting to a new thirty-year schedule. Throughout the segment, she emphasizes that eliminating debt not only improves long-term wealth but also provides the emotional security necessary for more confident retirement planning. Alyssa McNamara Reed, CFP®is a financial planner with passion for the intersection of taxes and investing.  Alyssa works with motivated savers, beneficiaries of estates, business owners, divorcees, and pre-retirees.

In this special "toolbox" episode, Jason and Jeff strip away the jargon to teach you how to actually read the three most important documents in investing: the Income Statement, the Balance Sheet, and the Statement of Cash Flows. Using Nvidia's recent Q3 earnings report as a real-world case study, the hosts walk through these important financial statements line by line.01:33 The Importance of Financial Statements04:59 Understanding the Income Statement11:07 Revenue and Cost of Goods Sold16:02 Operating Expenses and Income18:39 Interest, Taxes, and Net Income23:06 Depreciation, Amortization, and Goodwill28:33 Introduction to the Balance Sheet31:42 Understanding Current Assets and Liabilities33:18 Accounts Receivable and Revenue Recognition34:49 Inventory Management Insights39:59 Exploring Goodwill and Intangible Assets44:21 Diving into Liabilities and Working Capital47:04 Cash Flow Statement Breakdown58:32 Using Tools to Analyze Financial StatementsCompanies mentioned: AAPL, BRK.B, INTC, MKL, NVDA, TGT, TJX, TREXFind where to listen & subscribe,  portfolio contests, and contact information at https://investingunscripted.com*****************************************To get 15% off any paid plan at fiscal.ai, visit https://fiscal.ai/unscriptedListen to the Chit Chat Stocks Podcast for discussions on stocks, financial markets, super investors, and more. Follow the show on Spotify, Apple Podcasts, or YouTube*****************************************Join our PatreonSubscribe to our portfolio on Savvy Trader

In this episode of Beyond Bitewings, we're bringing back some of our favorite advice from our episodes that discussed selling a dental practice to a Dental Support Organization (DSO), highlighting the significant differences between selling to a DSO and an independent buyer. The conversation covers how DSOs value practices using EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), and why this can result in higher sale prices compared to traditional methods that use a percentage of collections. We also explain the importance of understanding value from the DSO and private equity perspective and warns practice owners about the risks of responding to unsolicited offers without proper representation.The episode addresses key concerns for dentists, such as what to expect after the sale, how contracts are structured, and why it's essential to shop around for multiple offers before committing. They discuss the impact of EBITDA calculations on a practice's valuation, the role of lease agreements when the seller owns their building, and strategies to maximize the value of the transaction. Key Topics Discussed:How DSOs value dental practices using EBITDADifferences between DSO and independent salesThe structure of post-sale contracts and earn-outsPitfalls of responding to unsolicited DSO offersThe importance of getting multiple offers and proper representationEBITDA calculations and their effect on practice valuationLease agreements when the seller owns the buildingAdvice for maximizing practice sale valueThe changing dental industry landscape with the growth of DSOs

Are you tired of losing investment opportunities because you can't bypass the bank? This in-depth Seller Financing strategy guide reveals how investors are using the 5 Negotiating Levers to secure high-equity deals and generate massive returns! Owner Financing is the ultimate power move to fund Owner Financing Deals without dealing with restrictive bank limitations.This episode dives deep into mastering the negotiation of Owner Finance Terms and understanding key financial mechanics. We cover everything from how to How to Find Owner Finance Deals MLS to securing massive Seller Financing Tax Benefits for the property owner.Here is what you will master in this complete creative financing guide:✅ Owner Financing defined: House is owned free and clear, seller acts as your bank. ✅ The 5 Negotiating Levers essential: Price, Down Payment, Balloon, Rate, and Amortization. ✅ The ultimate strategy: How to Find Owner Finance Deals MLS (the best lead source today). ✅ Master Structuring Owner Financing Balloon Payment (7 years or longer) for maximum exit strategy protection. ✅ Understand Seller Financing Tax Benefits: spreading out capital gains via installment sales. ✅ Advanced tactic: Negotiating a Creative Amortization Schedule for Sellers (like 0% interest for an initial term). ✅ Critical warning: The dangers of Subject to Real Estate and the "due on sale" clause risk. ✅ Tips for every Real Estate Agent Investment Financing Guide to structure profitable win-win outcomes.This is a must-listen episode for every agent and investor ready to put on their "creative hat" and take control of their financial future.Don't forget to like this video and subscribe for more expert real estate investment strategies!

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.   In this episode, Justin interviews Sadig Hajiyev, SOCAR Türkiye, Risk & Compliance Group Director, about SOCAR Turkiye and winning the RIMS ERM Global Award of Distinction. Sadig speaks of their ERM transformation that shifted SOCAR Türkiye from a compliance-oriented approach to an integrated, strategy-driven system, and a pivotal change. Sadig explains how they keep the ERM cohesive for business leaders, enabling decision-making. Sadig comments on external shocks that pressure-tested the program, showing the organization's true resilience and how it adapted its ERM approach. He speaks of one innovation with the biggest measurable impact. Justin and Sadig discuss SOCAR Türkiye's maturity jumping from a level-3 "repeatable" program to a level-5 "leading practice" in just a few years, supported by both the RIMS RMM and internal surveys, and how they are sustaining that momentum, having reached the top tier. Listen for words of wisdom and encouragement for risk practitioners.   Key Takeaways: [:01] About RIMS and RIMScast. [:17] About this episode of RIMScast. Our guest today is Sadig Hajiyev. He is the Risk & Compliance Group Director for SOCAR Türkiye, and he was one of two recipients of the RIMS Global ERM Award of Distinction. [:47] We will talk about the unique characteristics of his ERM Program and his unique risk philosophies. But first… [:55] The next RIMS-CRMP-FED Exam Prep with AFERM will be held on December 3rd and 4th. The next RIMS-CRMP Exam Prep with PARIMA will be held on December 4th and 5th. These are virtual courses. [1:12] Links to these courses can be found through the Certifications page of RIMS.org and through this episode's show notes. [1:19] RIMS Virtual Workshops! "Managing Data for ERM" will be led again by Pat Saporito. That session will start on December 11th. Registration closes on December 10th. RIMS members always enjoy deep discounts on the virtual workshops. [1:38] The full schedule of virtual workshops can be found on the RIMS.org/education and RIMS.org/education/online-learning pages. A link is also in this episode's notes. [1:50] The RIMS CRO Certificate Program in Advanced Enterprise Risk Management is hosted by the famous James Lam. This is a live, virtual program that helps elevate your expertise and career in ERM. [2:02] You can enroll now for the next cohort, which will be held over 12 weeks from January through March of 2026. Registration closes on January 5th. Or Spring ahead, and register for the cohort that will be held from April through June of 2026. Registration closes on April 6th. [2:22] Links to registration and enrollment are in this episode's show notes. [2:27] This episode was recorded at the RIMS ERM Conference 2025. We've covered a lot of ERM ground in the last few episodes, and for those who want to catch up, I've included a link to the RIMS ERM Special Digital Edition of Risk Management magazine in this episode's notes. [2:50] RIMScast ERM coverage is linked as well. Enhance your ERM knowledge with RIMS. [2:56] On with the show! This special episode was recorded live from Seattle at the RIMS ERM Conference 2025. [3:05] It was one of the best-attended ERM Conferences in RIMS history, with hundreds of ERM practitioners and students from around the world connecting, learning, and celebrating. [3:17] In RIMS tradition, we awarded the RIMS Global ERM Awards of Distinction. This year, there were two winners, one of which was SOCAR Türkiye, a pioneering energy company based in Turkey. The company's ERM program wowed our judges. [3:34] Accepting the award is Sadig Hajiyev. He is the Risk & Compliance Group Director. As you will hear, he took the ERM Program to the next level. Since we were in person, it was the perfect time to sit down and speak with him after receiving his award. [3:49] We're going to learn all about the program and Sadig's unique risk philosophies. Let's get to it! [3:53] Interview! Sadig Hajiyev, welcome to RIMScast! [4:18] Sadig says winning the award is a great feeling! Knowing someone here understands the value of the ERM Program and appreciates it is great! He shared photos and his reflections with his organization and got many congratulations, even though it was almost midnight in Turkey! [5:09] Saig explains that SOCAR is a global company, based in Azerbaijan, with more than 100K people working in Turkey. They have refineries and petrochemical facilities working together. They are also in the energy trading business. They have terminals. [5:34] They have multiple sectors, including fiber optic cables. They are doing so much in Turkey. SOCAR Türkiye is the biggest single-point investment in the history of Turkey, worth around $20 billion U.S. [6:01] Sadig's department is 15 people, including compliance professionals. They have a resource pool of experts and allocate teams as needed. [6:16] In 2022, SOCAR Türkiye shifted from a compliance-oriented approach to an integrated, strategy-driven system. [6:29] SOCAR Türkiye does international business. It is highly dependent on international trade regulations, especially trade sanction regulations. Being compliant is not sufficient for SOCAR Türkiye. Sadig says sanction regulations are very dynamic, and you should be adaptive to them. [6:57] Sadig says adaptation should be risk-based. At that time, SOCAR Türkiye started to implement risk-based compliance studies and approaches to make healthier decisions. They understood that it was the right decision. [7:21] SOCAR Türkiye has a modular ERM framework that spans Scenario Analysis, Risk and Control Self-Assessments (RCSAs), Regulatory Attestation Cycles, the ISO 22301, and the Resilience Maturity Model. [7:42] Justin asks how Sadig keeps them cohesive and digestible so that his leaders in SOCAR know that ERM is enabling decision-making. Sadig says it's not easy. They all met the needs that came up. [8:14] The risk leader needs to understand the context of the company. Being very close to the first line, Sadig does not believe there is value in going to the C-Suite and asking what they expect of risk management. They have no idea. [8:33] Sadig says it's more important to have a smooth discussion with them. At that point, the skill of the risk manager comes in to understand the context there and find out what would work best for this need. By that, you are supporting the company's decision-making. [9:05] Sadig is a boxer. He keeps telling his team that risk management shouldn't be very friendly. Conversations shouldn't be easy or enjoyable. Discussions should be disruptive. Sadig risk is the department asking, if zombies are coming and invading our vault, what will happen? [9:47] Risk leaders are the ones at the table to trigger those discussions and have the tough conversations. At that time, a leader's personality and personal brand are important. Managers should understand you are not doing it just to disrupt. [10:08] You are doing it for the company's sake, to make the decision-makers consider all the aspects, risks, threats, and opportunities. [10:43] SOCAR Türkiye faced significant external shocks in the last couple of years: security incidents, sanctions, and energy price volatility that pressure tested the ERM Program, but the company demonstrated resilience. [11:11] Each of these incidents had its own dynamics that made the ERM Program learn or find a way to adapt. [11:29] Turkey is a country with a very diverse range of uncertainties: political, economic, and geographical. The oil and gas sector is under pressure from international regulations, the climate, and more. There are so many issues going around. [11:51] Facing real-time instances can be disruptive and impactful on daily business. The most important thing is the ability to adapt. It's the top management's job to adapt. Risk management is about the future. If something happens, risk management is there to support. [12:23] Quick Break! RISKWORLD 2026 will be held from May 3rd through the 6th in Philadelphia, Pennsylvania. RISKWORLD attracts more than 10,000 risk professionals from across the globe. It's time to Connect, Cultivate, and Collaborate wth them. Booth sales are open now! [12:45] Registration is open for RIMS members now, as well. General registration and speaker registration will open on December 3rd. [12:53] Links are in this episode's show notes, and this year, when you purchase one Full-Conference Pass by December 2nd, you can add a second Full-Conference Pass at 50% off, through December 31st. [13:07] When an eligible member selects a Full-Conference Pass while registering online, a Promo Code will be generated on the Review step of the registration form. [13:05] This code will also be included in the Confirmation Email. It may be shared with a second eligible member from the same company or same email domain, and receive that 50% discount. Bring a colleague for 50% off. This is available to organizational and individual RIMS members. [13:32] Links are in this episode's show notes. [13:35] Let's Return to My Interview with 2025 RIMS ERM Global Award of Distinction Winner Sadig Hajiyev! [13:46] Justin speaks of SOCAR Türkiye's impressive innovations, dynamic risk appetite metrics tied to EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), an AI Geopolitical Scenario Engine, and a Resilience Scorecard linked to Capital Allocation. [14:10] Justin says he thinks all of this helped drive SOCAR Türkiye's nomination to the winning category. Justin asks which one brought the biggest measurable impact. [14:20] For the biggest financial result, Sadig says it was the assumption studies SOCAR Türkiye implemented to its financial projection. Sadig believes risk managers look at a range of values. [14:50] Sadig says, like quantum physics, it's not one or zero. It can be one or zero in different contexts and times. The assumption studies proved that, in context, for a set point of time, a long-term financial projection is useless. Sadig focuses on short-term targets and planning. [15:21] Sadig says short-term planning is annual to less than five years. Sadig believes the assumption studies had a measurable financial impact. [15:34] Justin notes that SOCAR Türkiye's Maturity jumped from a Level 3 Repeatable Program to a Level 5 Leading Practice in just a few years, supported by the RIMS Risk Maturity Model and internal surveys. [15:53] Justin asks what cultural or leadership behaviors Sadig believes were essential to achieving that Level 5 performance. Sadig says it is prioritization. They have a well-developed metric to model, mostly inspired by the RIMS Maturity Model, with tailored components added. [16:29] Sadig says SOCAR Türkiye conducts a biannual Maturity Survey with its target audience, the risk champions, decision-makers, and C-Suite. [16:41] The SOCAR Türkiye ERM Program defined its Maturity Model with the participation of an external auditor. They were missing the implementation of the GRC Platform, the digitalization of the whole system, strategy embedding, and risk-based budgeting. [17:04] The ERM Program prepared a roadmap to link up with the GRC Platform, implemented the roadmap, and defined the latest state as a fixed level. [17:27] Having achieved the top tier, the ERM Program is still chasing new things to do. Now, they are focusing first on incident management and second on captives. [17:46] For incidents, it's easy to collect information based on the declaration, but Sadig is dreaming about eliminating the human factor from incident recording to have a very objective and transparent information base. [18:03] The ERM Program has already worked on it to link the incident information to the risk assessment. This can automate the risk assessment based on the incident results or impacts. [18:18] The next step is finding how to monetize the maturity level of risk management. This idea brought SOCAR Türkiye to implement captives. [18:37] SOCAR Türkiye has a tremendous amount of budget allocated to insurance. They can rely on, to a certain threshold, the ability to manage risks in a controlled environment, in the effort to optimize their insurance program and budget. Captives are the future. [19:07] Justin comments that the RIMS 2025 Risk Manager of the Year is the Captive Manager for her organization, Hyatt. The trend is that a lot of people are going toward captives to self-insure. It can be a revenue generator. [19:27] Sadig adds that the move to captives is not just to put risk management in more of a position of strategy or as a budget supporter. It's because of the risk environment. There are new risks emerging and evolving. [19:46] Sadig believes these new risks will be uninsurable in the near future because of AI and new cyber risks. The insurance sector is not able to adapt quickly enough to create a pool to insure the risk all around the world. The responsibility will stay with companies and captives. [20:31] Sadig's final words on the value of ERM: Risk managers in the company are the only people who take the future in a systematic way. The future is always important, never urgent, but when it comes, it's already here. [20:49] The board and the C-Suite rely on risk managers to be able to have better insight before the future comes. [21:03] Justin says teşekkürler (thanks)! It's been a real pleasure to meet you, and congratulations again! [21:11] Special thanks again to Sadig Hajiyev for joining us here on RIMScast. This episode was produced live on-site at the RIMS ERM Conference in Seattle. Our coverage of the RIMS ERM Conference will continue in the next installment of RIMScast with two interviews in one episode! [21:28] Be sure to visit the RIMS LinkedIn page for all sorts of photos, videos, and coverage of this fantastic event! We had a great time, and we look forward to seeing you next year in Washington, D.C., for the RIMS ERM Conference 2026. [21:44] Plug Time! You can sponsor a RIMScast episode for this, our weekly show, or a dedicated episode. Links to sponsored episodes are in the show notes. [22:13] RIMScast has a global audience of risk and insurance professionals, legal professionals, students, business leaders, C-Suite executives, and more. Let's collaborate and help you reach them! Contact pd@rims.org for more information. [22:31] Become a RIMS member and get access to the tools, thought leadership, and network you need to succeed. Visit RIMS.org/membership or email membershipdept@RIMS.org for more information. [22:48] Risk Knowledge is the RIMS searchable content library that provides relevant information for today's risk professionals. Materials include RIMS executive reports, survey findings, contributed articles, industry research, benchmarking data, and more. [23:05] For the best reporting on the profession of risk management, read Risk Management Magazine at RMMagazine.com. It is written and published by the best minds in risk management. [23:19] Justin Smulison is the Business Content Manager at RIMS. Please remember to subscribe to RIMScast on your favorite podcasting app. You can email us at Content@RIMS.org. [23:31] Practice good risk management, stay safe, and thank you again for your continuous support!   Links: RIMS-CRO Certificate Program In Advanced Enterprise Risk Management | Jan‒March 2026 Cohort | Led by James Lam RISK PAC | RIMS Advocacy | RIMS Legislative Summit SAVE THE DATE — March 18‒19, 2026 RIMS-Certified Risk Management Professional (RIMS-CRMP) RISKWORLD 2026 Registration — Open for Members! Reserve your booth at RISKWORLD 2026! The Strategic and Enterprise Risk Center RIMS Diversity Equity Inclusion Council RIMS Risk Management magazine | Contribute RIMS ERM Special Edition 2025 RIMS Now SOCAR Türkiye Upcoming RIMS Webinars: RIMS.org/Webinars   Upcoming RIMS-CRMP Prep Virtual Workshops: RIMS-CRMP-FED Exam Prep with AFERM Virtual Workshop — December 3‒4 RIMS-CRMP Exam Prep with PARIMA — December 4‒5, 2025 Full RIMS-CRMP Prep Course Schedule "Leveraging Data and Analytics for Continuous Risk Management (Part I)" | Dec 4. See the full calendar of RIMS Virtual Workshops RIMS-CRMP Prep Workshops   Related RIMScast Episodes: "Risk Rotation with Lori Flaherty and Bill Coller of Paychex" "Energizing ERM with Kellee Ann Richards-St. Clair" "AI and the Future of Risk with Dan Chuparkoff" (RIMS ERM Conference Keynote) "Talking ERM: From Geopolitical Whiplash to Leadership Buy-In" with Chrystina Howard of Hub "Shawn Punancy of Delta Flies High With ERM" "Tom Brandt on Growing Your Career and Organization with ERM" "James Lam on ERM, Strategy, and the Modern CRO" "Risk Quantification Through Value-Based Frameworks"   Sponsored RIMScast Episodes: "Secondary Perils, Major Risks: The New Face of Weather-Related Challenges" | Sponsored by AXA XL (New!) "The ART of Risk: Rethinking Risk Through Insight, Design, and Innovation" | Sponsored by Alliant "Mastering ERM: Leveraging Internal and External Risk Factors" | Sponsored by Diligent "Cyberrisk: Preparing Beyond 2025" | Sponsored by Alliant "The New Reality of Risk Engineering: From Code Compliance to Resilience" | Sponsored by AXA XL "Change Management: AI's Role in Loss Control and Property Insurance" | Sponsored by Global Risk Consultants, a TÜV SÜD Company "Demystifying Multinational Fronting Insurance Programs" | Sponsored by Zurich "Understanding Third-Party Litigation Funding" | Sponsored by Zurich "What Risk Managers Can Learn From School Shootings" | Sponsored by Merrill Herzog "Simplifying the Challenges of OSHA Recordkeeping" | Sponsored by Medcor "How Insurance Builds Resilience Against An Active Assailant Attack" | Sponsored by Merrill Herzog "Third-Party and Cyber Risk Management Tips" | Sponsored by Alliant   RIMS Publications, Content, and Links: RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community! RIMS Virtual Workshops On-Demand Webinars RIMS-Certified Risk Management Professional (RIMS-CRMP) RISK PAC | RIMS Advocacy RIMS Strategic & Enterprise Risk Center RIMS-CRMP Stories — Featuring RIMS President Kristen Peed!   RIMS Events, Education, and Services: RIMS Risk Maturity Model®   Sponsor RIMScast: Contact sales@rims.org or pd@rims.org for more information.   Want to Learn More? Keep up with the podcast on RIMS.org, and listen on Spotify and Apple Podcasts.   Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook, Twitter, and LinkedIn.   About our guest: Sadig Hajiyev, Risk & Compliance Group Director, SOCAR Türkiye   Production and engineering provided by Podfly.  

Episode Overview In this episode, Scott Landis and Jeff Jacob dive deep into a powerful yet often misunderstood concept in business valuation—recasting EBITDA. Using a live client example, Jeff explains how a company's valuation jumped from under $1M to over $3M simply by cleaning up the books, recasting discretionary expenses, and improving operational efficiency. The conversation blends humor, practical insight, and step-by-step financial strategy that any founder can follow to increase the market value of their company—without working more hours.  Key Takeaways Recasting EBITDA can dramatically change how your business is valued. Many business owners understate profitability on taxes, which hurts their valuation. Cleaning up your books and removing “owner perks” (cars, travel, etc.) paints a truer—and higher—financial picture. Each industry has its own valuation multiplier based on demand, operations, and risk. The Business Health Diagnostic (BHD) helps founders uncover value leaks and position for scalable, sellable growth. Resources Mentioned TriMetric Quiz: trimetricquiz.com BHD Lite Inquiry: Send your latest P&L and balance sheet to the BFA team. FAQ: Q: What does “EBITDA” stand for? Earnings Before Interest, Taxes, Depreciation, and Amortization—a key measure of a company's operational profit. Q: What is “recasting EBITDA”? It's the process of adjusting your financials to remove personal or non-recurring expenses, showing a truer picture of the company's profitability for potential buyers. Q: Why does recasting matter? Because it can triple your business's value by revealing the profit a new owner would actually experience. Q: How can I get a Business Health Diagnostic (BHD)? Start by taking the TriMetric Quiz. From there, Jeff and the BFA team can provide a BHD Lite or full Business Health Diagnostic. Q: What documents do I need for a BHD Lite? Just last year's Profit & Loss Statement and Balance Sheet.

✅ the principal you borrowed✅ all interest paid over the years❌ It does NOT include taxes, insurance, or HOA unless noted.Because longer terms spread payments out more slowly, they lower the monthly payment but massively increase total interest paid.Below is a simple example to show how total payments change by loan term.✅ Example: $300,000 loan at 6% interest15-Year MortgageMonthly payment: ≈ $2,531Total paid: ≈ $455,682Total interest: ≈ $155,68230-Year MortgageMonthly payment: ≈ $1,799Total paid: ≈ $647,514Total interest: ≈ $347,51440-Year MortgageMonthly payment: ≈ $1,650Total paid: ≈ $792,089Total interest: ≈ $492,08950-Year MortgageMonthly payment: ≈ $1,595Total paid: ≈ $956,140Total interest: ≈ $656,140✅ Summary: Total Payments by Loan TermTerm Monthly Payment Total Paid Over Life Total Interest15-Year ~$2,531 $455,682 $155,68230-Year ~$1,799 $647,514 $347,51440-Year ~$1,650 $792,089 $492,08950-Year ~$1,595 $956,140 $656,140✅ Key TakeawayA longer mortgage = lower payment, but the total paid skyrockets because interest accrues for decades longer.tune in and learn https://www.ddamortgage.com/blogdidier malagies nmls#212566dda mortgage nmls#324329 Support the show

This episode is all about getting your questions answered about infinite banking and whole life insurance. Questions like:  How long should I pay my premium? Do I need to repay my loan? Can I do interest only? Can I stop my premium? How quickly can I borrow from my policy? How to structure loan repayments for Infinite Banking. These questions and more. If you have questions you would like answered, leave them in the comments or email them to us at team@mcfieinsurance.com and we'll address them. Amortization tables based on borrowing $100k and repaying at 5.5%, 8% and 10% with repayments over a variety of terms. Use MoneyTools.net to calculate payments on a specific loan example.

In this episode of the Investor Fuel Podcast, host Michelle Kesil interviews Jeffrey Taylor, a financial services expert with 37 years of experience. Jeffrey discusses his approach to educating real estate investors on managing property equity, increasing cash flow, and eliminating debt. He emphasizes the importance of understanding amortization tables and offers strategies for doubling cash reserves and creating wealth without market losses. The conversation also covers the significance of building relationships with realtors and the educational resources available for clients.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true ‘white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a “mini-mastermind” with Mike and his private clients on an upcoming “Retreat”, either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas “Big H Ranch”? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

Visit our website:https://www.thewealthwarehousepodcast.com/New policy in force, now what? Dave and Paul walk through the first moves after your IBC policy goes active. From “slow your roll” capitalizing, to trading out high-interest debt, to building an emergency reserve inside your system, they map a practical sequence so you don't chase loans just to “do something.”They also cover spotting real opportunities (and avoiding FOMO), expanding your system with additional policies, redirecting cash flow, and a quick primer on smarter ways to think about 529 plans.Becoming Your Own Banker by Nelson Nash:https://infinitebanking.org/product/becoming-your-own-banker/ref/46/Episode Highlights:0:00 – Teaser1:16 – Delayed start & plumbing mishap4:08 – One policy to start; why “now what?” is normal5:32 – “Slow your roll”: capitalizing and building liquidity6:21 – Loans don't add value by themselves7:06 – Trade out high-interest debt; snowball/“velocity banking”7:51 – Trend: eagerness to borrow vs. proper capitalization10:30 – Which debt first? Amortization vs. smallest balance11:59 – Freeing monthly cash flow with the snowball12:54 – Look for opportunities without rushing; be choosy17:25 – Cautionary tales: real estate pitches & protecting capital18:22 – More policies over time: expanding the system 22:05 – The 95/5 rule: focus on earning more, not just cutting25:45 – Kids' policies: small premiums, long runway26:41 – Premiums vs income, lifestyle creep, staying responsible28:48 – Recap: capitalize → redirect → seek opportunities → expand29:30 – 529s: usage today vs. assumptions about tomorrow32:20 – CTA: email, reviews, and sharingABOUT YOUR HOSTS:David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a M.A. in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.Visit our website:https://www.thewealthwarehousepodcast.com/Catch up with David and Paul, visit the links below!Website: https://infinitebanking.org/agents/Fugere494 https://infinitebanking.org/agents/Befort399LinkedIn: https://www.linkedin.com/in/david-a-befort-jr-09663972/...

Episode 184: Should You Use a Loan to Grow Your Practice?Thinking about taking on debt to start or grow your private practice?In this episode, we're breaking down the most common types of loans available to practice owners—including the pros, cons, and risks no one talks about. From lines of credit to SBA loans and even credit cards, we'll walk through when (and if) it makes sense to borrow money—and how to avoid financial decisions that could haunt you later.If you're considering a loan—or just want to grow wisely—this one's for you.

Are you ready to take your real estate game to the next level? In this powerful two-part episode of the Real Estate Entrepreneurs Podcast, Ricardo sits down with investor and multifamily expert Randy Langerderfer to discuss the mindset and strategies needed to thrive in today's shifting market. Randy, a former private equity professional, shares his journey from the corporate world to a full-time real estate career. He and Ricardo draw fascinating parallels between Wall Street finance and real estate, explaining why concepts like EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) and operational expertise are the keys to building true wealth, whether you're dealing with a multi-billion-dollar company or a multifamily property. The conversation then tackles the most pressing issues in today's market: the impact of high-interest rates, the inflexibility of lenders, and the growing threat of foreclosures. Randy reveals why banks may be more willing to foreclose now, and the hosts predict a coming "foreclosure bubble" in the next 6-12 months. If you're a real estate investor or entrepreneur, this episode is a crucial guide to understanding market dynamics and protecting your assets. You'll learn the difference between personal and non-recourse loans and gain a deeper understanding of what it takes to be a savvy operator when the stakes are high. #RealEstateInvesting #MultifamilyInvesting #RealEstateMarket #ForeclosureCrisis #EBITDAExplained #NonRecourseLoan #CorporateToRealEstate #RealEstateEntrepreneurs #MarketShift #HoustonRealEstate #FinancialLiteracy #InvestmentStrategy #RealEstateEducation #AssetProtection #PropertyManagement #SmartInvesting #MarketForecast #WealthBuilding #RicardoREI #RandyLangerderfer

Today on the BiggerPockets Money Podcast, we're diving into an incredible success story. Meet Beau, a retired military professional who built a massive real estate empire and achieved financial independence in his thirties. But here's the twist: even with a winning formula, Beau wants his investments to work even HARDER while he works even LESS. In this Finance Friday episode, Beau opens up his entire financial playbook with hosts Mindy Jensen and Scott Trench. We're talking rental properties generating serious cash flow, private lending deals that most investors don't even know exist, and tax strategies so advanced they'll make your accountant jealous. This isn't your typical "I bought a duplex" story—this is next-level wealth building. If you're serious about real estate investing and want to see what's possible with the right strategy and execution, this episode is packed with actionable insights. In this episode, you'll discover: Beau's complete real estate portfolio breakdown and current cash flow numbers Advanced private lending strategies that generate consistent returns Tax optimization techniques for real estate heavy portfolios How to transition from active to passive real estate investing Strategic property sale timing and 1031 exchange considerations The pros and cons of private money lending versus traditional investments Portfolio diversification strategies for real estate investors How military discipline translated into investment success Specific steps to make your real estate investments more hands-off Risk management strategies for high-net-worth real estate portfolios And SO much more! 00:00 Beau's FIRE Journey 02:43 Beau's FI Number 04:52 Exploring Passive Income Options 09:53 Private Lending and Real Estate Portfolio Analysis 19:17 Evaluating Property Performance and Future Plans 28:54 Exploring Arbitrage in Real Estate Lending 33:32 Amortization and Long-Term Financial Planning 36:34 Balancing Private Lending and Real Estate Investments 44:32 Tax Strategies and Portfolio Diversification 54:51 Connect with Beau! Learn more about your ad choices. Visit megaphone.fm/adchoices

Marc Cox introduces us to the statewide news of Missouri's new AG, and Harrison Fields gives us a behind-the-scenes view of prayer in the White House.

Caleb Guilliams & Tax CPA Garrett Richetto break down the biggest 2025 tax updates that business owners need to know from bonus depreciation and cost segregation to entity structuring and charitable strategies. Learn how to legally save thousands (or even millions) for your small, medium, or large business by understanding what's changed and how to apply it. Want To Pay Less Taxes as a Business Owner? Click Here: https://betterwealth.com/tax Learn More About BetterWealth: https://betterwealth.com0:00 - Overview of Trump's New Tax Bill 2:44 - 100% Bonus Depreciation 6:12 - Immediate R&D Expensing 10:29 - Earnings Before Interest Tax Depreciation & Amortization 13:12 - Permanent Section 199A Deductions 16:03 - SALT Cap Raised17:50 - Tips & Overtime Deductions 21:07 - Real Estate Investment Trust 23:49 - Global Intangible Low Taxed Income24:56 - Expensing Factory Buildings 26:32 - QSBS Gain Exclusion 28:10 - 3 Tax Benefits that Were Removed ==================== DISCLAIMER: https://bttr.ly/aapolicy*This video is for entertainment purposes only and is not financial or legal advice. Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

Business Coaching Secrets - Episode 305 Summary In this episode of Business Coaching Secrets, Karl Bryan and Rode Dog dive deep into what it really takes to build, sustain, and scale a thriving business coaching practice. The duo tackles foundational business concepts, industry mistakes, the true meaning of “why,” actionable hacks for goal setting, and demystifies financial jargon like EBITDA. Real-world stories, sharp insights, and actionable frameworks pepper the episode, making it essential listening for both new and experienced coaches ready to level up. Key Topics Covered From Stuff to Investments: Reframing Business Decisions Karl Bryan discusses the importance of transitioning from a consumer mindset (buying stuff) to an investor mindset, stressing that tax systems are designed to reward investment, not consumption. He urges coaches to build leverage by creating business assets—processes, checklists, sales tools—rather than endless, unproductive “to-do” lists. The Checklist Principle—Why It Matters Drawing parallels from aviation safety and the medical field, Karl demonstrates how a simple checklist can prevent disasters and streamline operations. He advocates every coach should adopt the checklist mentality for lead generation, demonstrations, and client delivery. Clarity Over Certainty—Common Coaching Industry Mistakes Karl challenges the coaching world's obsession with “certainty,” arguing that adaptability and assertiveness—not rigid certainty—are the real traits of thriving entrepreneurs and coaches. He emphasizes action over perfection, quoting successful entrepreneurs who act on partial information and adjust rapidly. Demystifying EBITDA and the Language of Business Karl breaks down EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization), explaining why this metric is used and its limitations in real-world small business scenarios. He urges coaches to focus on learning to read financials—calling it the ultimate “cheat sheet” for delivering value and driving a business forward. Goal Setting Hacks—The Sniper Approach For effective goal achievement, Karl recommends setting hyper-clear targets with “sniper-like” focus, obsessing over them, and ruling out distractions. He explains why wishy-washy goals lead to lackluster results and shares tactics to maintain relentless clarity. Finding and Using Your ‘Why' The episode revisits the importance of purpose (drawing from Simon Sinek's famous TED Talk), offering coaches a framework to discover their own “why” via their three most painful life experiences. Karl details how this “North Star” approach powers authentic connection, standout marketing, and fierce client loyalty. Notable Quotes “Don't create a to-do list. Create a ‘to-build' list.” – Karl Bryan “Needing nothing attracts everything.” – Karl Bryan “It's not the strongest that survive… It's the most adaptable.” – Karl Bryan “If your goal is wishy-washy, your results will be wishy-washy.” – Karl Bryan “Wealth follows people with clear intentions—and wealth and options go hand in hand.” – Karl Bryan “Your story is what will move people… Your ‘why' is the difference between you and every other business coach.” – Rode Dog Actionable Takeaways • Shift From Consuming to Investing: Ask yourself, “Are you buying stuff, or are you building and investing in long-term assets?” • Build Leverage With Checklists: Create checklists for every major aspect of your coaching business—client acquisition, delivery, demonstration, and more—to reduce errors and increase consistency. • Emphasize Adaptability Over Certainty: Stay flexible, assertively seek solutions, and avoid perfection paralysis. Progress and confidence beat static “certainty.” • Master Financial Fluency: Learn to read and interpret financial statements—this is a critical edge and a “cheat code” for deep, transformational coaching. • Set Clear, Obsession-Worthy Goals: Define your outcomes with sniper accuracy. Eliminate distractions and say “no” to anything that doesn't move you forward. • Surface and Share Your ‘Why': Identify your core motivation by unpacking your pivotal life moments. Let this story fuel your messaging, deepen relationships, and increase client stickiness. Resources Mentioned • Simon Sinek's TED Talk (“Start With Why”) • Profit Acceleration Software™ (by Karl Bryan) • Focused.com – Tools and resources for coaches • The Six-Figure Coach Magazine (Get it here)

Lets dive into the emotional and practical considerations of paying off a mortgage early, explore the benefits and drawbacks, personal experiences, and broader financial implications of renting versus owning a home. Key Topics and Timestamps Introduction to Mortgage Conversations (00:00:00) Overview of the episode's focus on mortgages, buying vs. renting, and personal finance strategies. Emotional Factors in Paying Off Mortgages (00:01:30) Ginger shares her excitement about paying off her mortgage early and reflects on the emotional journey behind that decision. Key Quote: "Your peace of mind from paying off your mortgage is a huge win." (00:03:10) Amortization and Mortgage Strategies (00:08:00) Discussion about choosing between 15-year vs. 30-year mortgages and strategies on optimizing payments. Action Item: Use an amortization calculator to improve understanding of mortgage payments. (00:12:00) Choosing Between Buying and Renting (00:21:00) Exploration of the pros and cons of renting compared to owning, highlighting personal flexibility. Key Quote: "Customize your financial journey according to your personal needs and goals." (00:18:18) Simplifying Life through Financial Independence (00:25:00) Talk about minimalism and how it impacts choices around owning or renting. Action Item: Evaluate whether renting allows you more freedom and flexibility in your life. (00:25:59) The Role of Travel Rewards (00:37:00) Importance of managing spending while maximizing benefits from travel rewards programs. Key Quote: "Consider preloading gift cards to manage your travel rewards spending." (00:43:57) Conclusion and Key Takeaways (00:49:00) Final thoughts focused on empowerment in financial decisions and seeking small improvements in life. Key Insights Emotional well-being is crucial. Choosing to pay off a mortgage should factor in personal comfort, as financial decisions often intertwine with emotions. Flexibility vs. Certainty: A 30-year mortgage can provide flexibility, allowing individuals to make extra payments while having lower base payments. Renting offers freedom: For some, renting can lead to a sense of liberation and a less complicated financial life. Travel rewards must be managed wisely: Spending to achieve travel rewards should be monitored to avoid unnecessary overspending. Actionable Takeaways Consider your emotional readiness when deciding to pay off your mortgage early. (00:03:10) Evaluate whether renting allows you more freedom and flexibility in your life. (00:25:59) Use amortization calculators to understand your mortgage better. (00:12:00) Discussion Questions How does paying off a mortgage early affect emotional well-being? (00:03:10) What benefits do you see in renting versus owning a home? (00:25:59) How can you incorporate simplicity in your financial life? (00:49:24)   You Might Be Interested In The Ultimate Guide to Credit Card Travel Rewards | Part 1 Future Value of Investment Calculator    

What makes one investor's offer stand out over another's—even when the numbers look the same?   In this episode, Angel hosts Fernando Arias and Anna Latysheva for a detailed walkthrough of how underwriting variables impact real estate valuations, investor returns, and bidding strategies. They examine the unseen levers—like DSCR, interest rates, amortization schedules, and capital expenditures—that can shift IRRs dramatically. With real-world scenarios and expert commentary, this episode provides valuable insights for both novice and seasoned investors navigating a tightening lending environment.     [00:01 - 04:14] Why Debt Terms Change the Game The significance of DSCR in determining actual loan amounts—not just LTV assumptions How interest rates and loan terms affect down payments and investor returns The need to build strong banking relationships for accurate underwriting inputs   [04:15 - 08:44] The Impact of Amortization on IRR What amortization periods reveal about monthly debt service and deal feasibility Why a higher down payment reduces IRR—even if the NOI stays constant The importance of recalculating purchase offers based on updated debt quotes   [08:45 - 13:28] Expense Assumptions That Can Break a Deal How slight changes in operating expenses significantly affect valuation The importance of classifying capital expenditures below the line Why expense accuracy is essential in low-cap markets   [13:29 - 18:00] Income Projections vs. Market Realities Why underwriting based on realistic rent comps boosts your competitiveness The significance of local PM data over online averages like Rentometer How fluctuating lending terms can lead to broken contracts   [18:01 - 23:40] Cap Rates, Risk, and Investor Psychology Why understanding cap rate spreads is essential for valuation decisions The relationship between NOI, cap rate, and perceived asset risk How market psychology and alternative income streams influence investor behavior       Connect with Anna:   LinkedIn: https://www.linkedin.com/in/ibuybuildings/   Connect with Fernando:   LinkedIn: https://www.linkedin.com/in/fernandoapartments/     Key Quotes:   “Just because your pro forma shows a 1.89 DSCR a year from now doesn't mean the bank will underwrite that way.” - Fernando Arias   “Every $1,000 in NOI can mean a $20,000 swing in valuation in low-cap markets.” - Anna Latysheva     Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention your part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today!

In this conversation, Stephen S. interviews James Murphy, a financial planning advisor with over 23 years of experience. They discuss the intricacies of mortgage structures, the importance of understanding amortization, and the need for personal financial education. James shares his personal journey of discovering more efficient ways to manage mortgages and emphasizes the significance of being informed about financial decisions. The episode highlights the potential for individuals to pay off their mortgages in a fraction of the time and the importance of reading the fine print in financial agreements.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true ‘white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a “mini-mastermind” with Mike and his private clients on an upcoming “Retreat”, either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas “Big H Ranch”? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

In this packed episode, the hosts dive deep into the rapidly growing world of note hypothecation, partial notes, and funding strategies for note investors. Guest Justin shares how he legally wraps mortgages with full bank approval, and how he's secured financing from five different small banks by collateralizing his note portfolio. You'll learn how to pitch banks, what documentation to prepare, and how to make your notes bankable—even without selling them.If you're a note investor, creator, or broker, this is a must-watch episode that could completely change how you fund your deals. Whether you're new or seasoned, you'll walk away with actionable tips and new strategies to grow your note business in 2025 and beyond.To obtain this week's Real Estate Notes Show guest Justl's information, use this link https://bit.ly/3QSnbfA**Never Miss a Live Show**, Add our Calendar to yours! Google - https://bit.ly/3Djr8GL Apple/Outlook - https://bit.ly/3Dhj9tyWe Buy Notes go to our site for more information! FAQs and Submit Your NoteWatch this video on Youtube: Watch VideoOur new Website Updated Tools, Resources, Bid Calculator, Education and over 100 assets for sale: ⁠https://www.jkpholdings.com/note-investor-education⁠Youtube Channel: https://www.youtube.com/c/JKPholdingsllc?sub_confirmation=1Upcoming Live Webinars: https://www.jkpholdings.com/webinarsDME (Diversfied Mortgage Expo) Note Conference Video Recordings - ⁠PurchaseSOCIAL MEDIAFB Group: https://www.facebook.com/groups/EastCoastDistressedNoteInvesting/Facebook: https://www.facebook.com/JKPHoldings/Linkedin: https://www.linkedin.com/company/jkp-holdings-llc#noteinvesting #mortgagenotes #investor #mortgagenote #realestate #realestateinvestor[00:00:00] Show Intro and Guest Update[00:01:00] Influx of Non-Performing Notes[00:02:00] Why Networking Is Everything[00:04:00] Keeping Top of Mind in Notes[00:06:00] Common Performing Note Mistakes[00:08:00] Partial Notes vs Hypothecation[00:10:00] Meet Justin: Note Investor Journey[00:12:00] Discovering Wrap Notes Legally[00:14:00] Legal Lending Limits Explained[00:16:00] Packaging Notes for Banks[00:18:00] Negotiating with Small Banks[00:20:00] Collateralizing a $100K Note[00:22:00] Creating a Banker's Presentation[00:24:00] Title Companies as Key Connectors[00:26:00] Banks Lending on High-Interest Notes[00:28:00] Can You Hypothecate with Individuals?[00:30:00] Lending and Risks with Private Notes[00:32:00] Using Debt to Grow a Portfolio[00:34:00] Structuring Legal Wrap Note Deals[00:36:00] Texas Advantages for Note Investors[00:38:00] Note Investing in Today's Economy[00:40:00] Post-Tax Yield and Amortization[00:42:00] What Happens If You Default?[00:44:00] Personal Guarantees and Final Thoughts[00:46:00] The Future of Note Hypothecation[00:48:00] Wrap-Up and Final Takeaways

In today's episode, I dive into a topic that often confuses business owners: the difference between an expense and an asset. While you might think your bookkeeper has it all handled, it's vital to understand how these distinctions affect your business's tax benefits and overall financial health. We'll cover the basics of expenses – your typical operating costs such as advertising, materials, and rent. On the other side, we'll define assets, like ovens or refrigerators for a bakery, which help generate revenue over multiple years. Learn how to properly categorize these items, the importance of depreciation, and how intangible assets like websites and franchise fees fit into the mix. Whether you're investing in new equipment or paying franchise fees, I'll provide you the insights you need to strategically manage these expenses and maximize your tax benefits. Plus, find out how setting the right expectations and aligning your spending with profit and personal goals can pave the way for a successful 2025. Tune in to get equipped with the knowledge to better handle your business's financials!   What You'll hear in this episode: [0:50] Understanding Expenses in Your Business [1:50] Defining Assets and Their Importance [3:50] Depreciation Explained [7:00] Intangible Assets and Amortization [9:15] Strategic Planning for Assets and Expenses   If you like this episode, check out: Understanding Bonus Depreciation and Recapture The Truth About Tax Savings and Strategies What They Never Tell You About Depreciation   Want to learn more so you can earn more?  Visit keepwhatyouearn.com to dive deeper on our episodes  Visit keepwhatyouearncfo.com to work with Shannon and her team  Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ  Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/   The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

In this episode of Beer andMoney, Ryan Burklo discusses various tax strategies for retirement, emphasizing the importance of planning with the end in mind. He explores the implications of different income needs, the 4% withdrawal rule, and compares various tax strategies including amortization and annuities. The conversation highlights how where you place your money can significantly impact your tax bracket and overall financial health in retirement. Check out our website:  beerandmoney.net For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo Takeaways Understanding tax brackets is crucial for retirement planning. The 4% rule helps determine sustainable withdrawals. Amortization can provide a different tax strategy for income. Annuities can offer guaranteed income but have tax implications. Effective tax rates can vary significantly based on income sources. Planning with the end in mind allows for better tax strategies. Diversifying tax buckets can help control tax liabilities. Long-term planning is essential for maximizing retirement income. Where you put your money today affects future tax strategies. Engaging with financial professionals can simplify planning.  Chapters 00:00 Introduction to Tax Strategies in Retirement 02:54 Understanding Income Needs and Tax Implications 06:10 Exploring the 4% Withdrawal Rule 08:59 Amortization as a Tax Strategy 11:54 Comparing Tax Strategies: Interest-Only vs. Amortization 15:00 Annuity as a Tax Strategy 18:03 Tax Implications of Annuities 20:45 Long-Term Tax Planning Strategies 23:12 Conclusion and Call to Action  

In this episode of For The Record, we sit down with Elizabeth Macready, Director of Special Markets at Tusk Practice Sales, to discuss the evolving landscape of private equity investment and practice sales in the medical aesthetics industry. With over 15 years of experience in healthcare M&A, particularly in the dental sector, Elizabeth brings valuable insights and years of personal experience on how medical aesthetics practices can prepare for and navigate potential acquisitions. We kick it off with Elizabeth outlining the current state of Medical Aesthetics M&A which is not surprising but a reminder that this industry is growing rapidly with very little signs of slowing. We also talk through how to objectively look at your practice and understand its potential market value in an M&A transaction. She shares the key metrics to consider and an overview of the entire deal process: • EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is the crucial metric for valuation • Practice revenue of $3 million+ typically positions a practice well for competitive bidding • Multipliers and deal structures vary, but the underlying EBITDA calculation is critical • Buyers may manipulate EBITDA calculations to offset higher multiple offers While it may seem scary to some, there are a host of major benefits that come along with an exit! We discuss what it can mean for you as an owner, for your team, and for your patients' experience long-term when you move forward with an acquisition: • Increased buying power for products and supplies • Access to better vendor relationships and negotiations • Enhanced ability to attract and retain talent through career growth opportunities • Operational support and resources for scaling • Potential for "second bite of the apple" through future liquidity events As you listen to Elizabeth talk about the ins and outs of an M&A deal, it's abundantly clear that you have to have a middleman, a broker, to help navigate the process for you and get you the highest price for your practice. At Tusk, Elizabeth is a trusted guide helping Med Spa owners connect to the right sellers that align to the mission, vision and values of the practice, structure a deal that is favorable to both parties as this is not an event but a long term partnership where everyone needs to win, and in many cases, act as a confidante and counselor throughout the many emotional up and downs that come with this process. Elizabeth recommends a few key things as you begin down the M&A path and start thinking about your next steps. We cover her hit list which includes starting early which may be well before you intent to sell; build a strong team that provides exceptional patient outcomes and experiences as this is where you create your value; find the right team of advisors to help you with financial decisions along the way, and always keep a close eye on your numbers! We wrap it up with a look into the future of M&A and Elizabeth's predictions for the next 5 years: • Continued consolidation across medical aesthetics • Integration with other healthcare verticals (dermatology, plastic surgery) • Increasing importance of scale for competitive advantage • Evolution toward multi-specialty practices and comprehensive care models Elizabeth's team at Tusk Practice Sales offer various resources for practice owners considering their exit options, including educational content, podcasts, and one-on-one consultations. They emphasize the importance of proper timing, preparation, and partnership alignment in achieving optimal outcomes for practice sales. If you are eager to get started and connect with Elizabeth: Reach out via Tusk's website: https://tuskpracticesales.com/ & checkout all their free resources! Connect with Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabeth-macready-b38b9a248/ Reach Out via email at Elizabeth@TuskPracticeSales.com

ANALYSE | Zum Jahresendspurt stellen wir euch die 5 besten Podcastepisoden 2024 vor. Innerhalb von 5 Tagen bekommt ihr die Crème de la Crème von digital kompakt 2024 auf die Ohren! Los geht's! Douglas hat einen erfolgreichen Gang an die Börse hingelegt, aber wie zukunftssicher ist das Beauty-Unternehmen tatsächlich aufgestellt? Joel, Alexander und Jochen haben da ihre Bedenken. In diesem Podcast analysieren sie die Stellung des Unternehmens auf dem Beauty-Markt, erläutern warum sich dieser Markt aktuell radikal ändert und erklären, warum Douglas' Omni-Channel-Strategie diesen Änderungen nicht gewachsen sein könnte. Du erfährst... …wieso Douglas einen zweiten Versuch an der Börse gebraucht hat …warum Douglas' Börsenstart nicht so gut ist, wie er aussieht …welche Rolle Marktplätze in Douglas Geschäfts-Strategie spielen …weshalb Douglas sich mit dem Online-Markt schwer tut …wo Alexander und Jochen bei Douglas Online-Potential sehen …was für andere Player gibt es auf dem Parfüm-Markt …wie TikTok und Co. gerade den Parfüm-Markt verändern …ob Douglas sich diesen Veränderungen anpassen kann Du verstehst nur Bahnhof? Zu viel Fachchinesisch? Unser Lexikon hilft dir dabei, die wichtigsten Fachbegriffe zu verstehen:Online-Marktplatz - Eine online Plattform, auf der verschiedene Verkäufer ihre Produkte oder Dienstleistungen anbieten können.Börsengang - Der Prozess, bei dem ein Unternehmen seine Aktien zum ersten Mal öffentlich an einer Börse anbietet.Private Equity - Eine Form der Anlage in etablierte Unternehmen, oft durch den Kauf von Mehrheitsbeteiligungen, oft unter Einsatz von Fremdkapital.Omnichannel - Ein integrierter Vertriebsansatz, der dem Kunden ein nahtloses Einkaufserlebnis über alle Kanäle hinweg bietet.Retail Media - Werbung, die direkt auf E-Commerce-Plattformen geschaltet wird, um den Verkauf von Produkten auf derselben Plattform zu fördern.EBITDA - Earnings Before Interest, Taxes, Depreciation, and Amortization – ein Maß für die Rentabilität eines Unternehmens, das Zinsen, Steuern und Abschreibungen ausschließt. Diese Episode dreht sich schwerpunktmäßig um E-Commerce: Joel trifft sich regelmäßig mit den beiden E-Commerce-Experten Alexander Graf (Kassenzone, Spryker) und Jochen Krisch (Exciting Commerce, K5) um ihr Wissen zu bündeln. Gemeinsam nehmen die drei dich mit auf eine Reise zu spannenden Tiefenanalysen, Strategiediskussionen und Praxiseinblicken des Onlinehandels. Ein wahres Feuerwerk zwischen drei Experten, die scharfe Thesen formulieren und lebhaft miteinander diskutieren.

Have you wondered how private equity can transform your franchising journey or why timing your exit strategy is as critical as choosing the right franchise?Today, Alicia Miller is sharing some golden nuggets on scaling your franchise, understanding private equity's role and most importantly, planning your exit strategy ahead of time.And if you are confused when it comes to private equity, Alicia breaks it down into understandable bite size pieces. She explains how less than 20% of franchisors get private equity investment and what qualities these firms are looking for - like a strong management team, profitability and great cash flow potential.And if that wasn't enough, Alicia gives the lowdown on crucial metrics like the EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) and why it's a big deal for valuations. Alicia Miller is the Founder and Managing Director of Emergent Growth Advisors, a boutique strategic advisory firm working at the intersection of franchising and private equity. She supports founders and franchise management teams facing growth, disruption, or transformation challenges, and helps them accelerate their businesses. She also advises private capital firms pre- and post-transaction on strategy and value creation initiatives and co-invests alongside her partners. As a former multi-unit franchisee, she brings a franchisee's perspective and operating experience into every engagement.So, if you are ready to uncover the secrets to scaling, sustaining and successfully exiting your business as well as learning about the financial intricacies of franchising that could be the game-changer for your business then today's episode is for you!Connect with AliciaWebsite: www.emergentgrowthadvisors.com LinkedIn: www.linkedin.com/in/milleralicia/ Instagram: https://www.instagram.com/bigmoneyinfranchising/Twitter: https://x.com/BigMoneyInFranAmazon: https://a.co/d/coVmI6WEpisode Highlights:Importance of private equityUnderstanding what qualities private equities look forHave a plan and an exit strategy readyFinancial preparedness and financial challengesStrategic focus on exit strategies and private equity rolesViewing a business from a buyer's perspectiveImportance of business valuationPreparing a business for saleStrategies for emerging brands when sellingRole of advisors in franchisingConnect with Tracy Personal LinkedIn: https://www.linkedin.com/in/tracy-panase/ JBF LinkedIn - https://www.linkedin.com/company/jbfsale JBF Franchise System - https://jbfsalefranchise.com/ Email: podcast@jbfsale.com Connect with Shannon Personal LinkedIn - https://www.linkedin.com/in/shannonwilburn/ JBF LinkedIn - https://www.linkedin.com/company/jbfsale

In this episode, Jamie Shilanski delivers a masterclass in strategic business planning that's sure to resonate with financial advisors looking to transform their practices from good to extraordinary. Diving deep into the art and science of year-end business planning, Jamie unpacks the critical components that separate thriving practices from merely surviving ones. Jamie provides a comprehensive guide to financial advisor success, revealing how understanding key performance indicators (KPIs) can be the secret to operational excellence. At the heart of the discussion are crucial financial metrics like EBOC (Earnings Before Owner Compensation) and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). These aren't just fancy acronyms—they're powerful tools that offer a crystal-clear view of a practice's financial health and operational efficiency. Jamie challenges advisors to treat their own business with the same meticulous planning they apply to client portfolios, creating a culture of accountability and strategic growth. Show Me Your EBITDA Resources in today's episode: - Year-End Business Planning How To

Mortgage Market Update From Canada's Top Broker - Dave Butler   Canada's #1 rated mortgage broker from 2017 - 2021, frequent radio guest Dave Butler from Better Mortgage Select joins me in studio. Dave's companies have handled over 26,000 mortgage loans and $9.6 Billion involved, so he's qualified to talk about the many new changes coming to mortgage rule changes; the new mortgage changes in January 2025, and a recent market update, including rates and amortization periods, and MUCH more! This is part 1 of a 2 part hour-long conversation with Dave.    Contact: Web: http://DaveButler.ca    This episode proudly sponsored by Mayfair Law Group.   Are you a landlord or tenant in need of legal assistance? Mayfair Law Group has got you covered! Our experienced team specializes in Landlord and Tenant Board services, providing expert guidance and representation for all your Landlord or Tenant legal needs. Contact us today at 416-546-1581 and let us help you navigate the complexities of landlord and tenant law.   Other Links: WATCH the podcast! https://www.youtube.com/@gary.hibbert

Key Takeaways: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is a key way to measure how much a business is worth. Different industries use different multiples to estimate value, like if a company earns $1 million in EBITDA and the industry multiple is 5, the company might be worth $5 million. Having strong partnerships and well-organized systems can make a business more attractive and potentially increase the sale price.   Chapters: Timestamp Summary 0:00 Attracting Strategic Buyers for Your Business 0:37 The Art of Drinking Soda Through a Twizzler 2:13 Finding Strategic Buyers to Align with Business Legacy 3:38 Strategic Acquisitions and Visionary Leadership in Business 6:04 Finding Strategic Buyers and Evaluating Your Business 7:47 Estimating Business Value with EBITDA Multiples 8:46 Maximizing Business Value Through Strategic Planning and Procedures   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

In this episode I chat with Andrew Brown from East72 Holdings to debunk some financial metrics.We look at discounted cash flow (DCF) valuations, a metric often authoritatively trumpeted by analysts. Andrew argues that DCF is useless for valuing most companies: it's based on unfounded assumptions and crystal-balling and can be manipulated to fit any narrative.Then there's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). Andrew agrees with Charlie Munger's assessment (bullshit!).Blog post available at: https://www.sharesforbeginners.com/blog/ebitda-andrew-brownPortfolio tracker Sharesight tracks your trades, shows your true performance, and saves you time and money at tax time. Sharesight automatically tracks price, performance and dividends from 240,000+ global stocks, crypto, ETFs and funds. Add cash accounts and property to get the full picture of your portfolio – all in one place. Get 4 months free at https://www.sharesight.com/sharesforbeginnersTony Kynaston is a multi-millionaire professional investor thanks to his QAV checklist. Tony's knowledge and calm analysis takes the guesswork out of share market investing. Use the coupon code SFB for a 20% discount on QAV Club plans or SFBLIGHT for a free month of QAV Light. Here's the link to sign up: https://qavpodcast.com.au/register-3/ Disclosure: The links provided are affiliate links. I will be paid a commission if you use this link to make a purchase. You will receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself or where I have interviewed and/or met the founders and have assured myself that they're offering something of value.Shares for Beginners is a production of Finpods Pty Ltd. The advice shared on Shares for Beginners is general in nature and does not consider your individual circumstances. Shares for Beginners exists purely for educational and entertainment purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Philip Muscatello and Finpods Pty Ltd are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289. Hosted on Acast. See acast.com/privacy for more information.

For the first time ever, we're updating an episode we did back in 2022, all about money management systems. I'm detailing the two-track approach I recommend to hit your financial goals with minimal stress, because by taking advantage of the two big As—Automation and Amortization—you can put your financial life on the third A (Autopilot). (Sorry, I'll stop.) I am not a licensed financial professional, so please do your own due dil. Transcripts, show notes, production credits, and more can be found at: https://moneywithkatie.com/money-management. Money with Katie's mission is to be the intersection where the economic, cultural, and political meet the tactical, practical, personal finance education everyone needs. Learn more about your ad choices. Visit megaphone.fm/adchoices

On today's episode, we continue with Brandon Moncrief with their discussion on dental practice sales, focusing on the financial intricacies of selling to DSOs (Dental Support Organizations) and private equity. They explore key concepts such as recapitalization cycles, different equity structures like joint venture and holding company models, and how they impact a seller's cash flow and control over their business. Brandon explains the importance of understanding EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) manipulation by buyers and how it affects valuation. He emphasizes creating competitive bidding environments to maximize practice value and protect sellers from undervalued offers. This episode provides detailed insight into how dental professionals can navigate complex financial decisions when selling their practice. EPISODE RESOURCES www.dentaltransitions.com https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast

On today's episode, we have the first of 2-parts with Brandon Moncrief, a seasoned expert in the dental industry with 20 years of experience as a banker, broker, and sell-side advisor. Brandon explains the current landscape of dental practice sales, focusing on the growing trend of younger dentists selling their practices to DSOs (Dental Support Organizations) and private equity. He highlights how consolidation is shaping the industry, with valuations and interest rates playing a crucial role. Brandon also discusses how practice size, EBITA (Earnings Before Interest, Taxes, and Amortization), and revenue affect whether a practice is sold to a private buyer or a DSO. He provides valuable insights into the financial and structural differences between traditional doctor-to-doctor sales and DSO transactions, emphasizing the importance of timing and financial strategy for practice owners. EPISODE RESOURCES www.dentaltransitions.com https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast

In today's episode, Boost Your Pest Control Business Value: 5 Powerful Tips for a Profitable Sale, we're diving deep into how you can enhance your business value to maximize returns when selling your pest control company. From understanding key financial metrics to preparing your operations for a smooth transition, this episode is packed with actionable insights to help you boost your company's worth and secure a profitable sale. Whether you're planning to sell soon or years down the road, these expert tips will guide you in the right direction. Welcome to another insightful episode of Living the Wildlife with your host, wildlife control consultant Stephen Vantassel! In this episode, Stephen interviews Bob Williamson, an experienced sales broker who specializes in helping pest control and wildlife control business owners prepare their companies for sale. Whether you're years away from selling or actively considering it, this conversation delves into the crucial aspects of the selling process that every business owner should understand. Understanding the True Value of Your Business One of the biggest misconceptions that business owners have when it comes to selling their companies is the reliance on an accountant's evaluation alone. While accountants are essential for providing tax returns and basic financial data, Bob explains that there's much more to determining the real value of a business. Factors such as revenue stability, the owner's role in daily operations, and necessary financial adjustments all play a critical role in the final valuation. Bob points out that business owners often overlook how much of their company's revenue is tied to them personally. For example, if you are the face of the business and heavily involved in day-to-day operations, a potential buyer may view this as a risk, as revenue could dip significantly after you leave. Understanding how to make your company operate independently is crucial to increasing its saleability. Key Financial Metrics: What is EBITDA? One of the most critical financial metrics for buyers and sellers alike is EBITDA, which stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. This metric provides a clearer picture of the company's earning potential by focusing on the core business operations, excluding costs related to capital structure, tax liabilities, and non-cash items like depreciation and amortization. However, Bob stresses that EBITDA is not always a straightforward calculation. Different buyers may interpret the numbers in various ways, and adjustments may be necessary to paint an accurate picture of the company's profitability. For example, if the business is paying for personal expenses—such as a vacation home or a spouse's car—that don't directly contribute to the business, these items would need to be adjusted out of the EBITDA calculation to give a more accurate valuation. The Role of Revenue Stability When evaluating a pest control or wildlife control business, one of the first things a buyer will look at is revenue stability. Is the business generating consistent income, or is it subject to fluctuations? Buyers want to be confident that the revenue stream will continue after the sale, and this is where the role of the owner becomes important. If much of the business's revenue is tied to the owner's personal relationships or expertise, buyers may be hesitant to invest, fearing that customers could leave once the owner steps away. Bob advises business owners to work on making their revenue streams as stable and independent of their involvement as possible. This may involve delegating more responsibilities to employees, building long-term contracts with clients, or diversifying revenue streams. Preparing Your Business for Sale Bob Williamson, who has bought over 40 companies throughout his career, emphasizes that preparing your business for sale well in advance is essential.

Are you planning to buy an agency as a growth strategy? Or, do you want to make your agency attractive to potential buyers? Today's guest started his agency journey by buying an agency as an exit from his previous career in venture capitalism. He purposely sought out agencies, seeing them as cash flow machines. He looks back on that process and offers some valuable pointers and considerations for agency owners looking to buy or sell an agency in the near future. Nick Fraunfelder is the owner and CEO of Sure Oak Digital Marketing, an agency specializing in SEO, link building, paid media, and analytics. He shares his journey of buying a digital agency and transitioning from a career in venture capital to becoming a business owner. Despite skepticism from friends, his passion for revenue conversations, desire for freedom, and dictating his own future have led him on a highly successful path. In this episode, we'll discuss: Using the MED framework for a successful agency acquisition. Recasting expenses to unlock hidden agency value. Escaping the agency sales trap. Subscribe Apple | Spotify | iHeart Radio Sponsors and Resources E2M Solutions: Today's episode of the Smart Agency Masterclass is sponsored by E2M Solutions, a web design, and development agency that has provided white-label services for the past 10 years to agencies all over the world. Check out e2msolutions.com/smartagency and get 10% off for the first three months of service. Why a Digital Agency Acquisition Makes Sense on Paper Nick's decision to purchase a digital agency in 2022 raised eyebrows among his friends, who considered it a risky move in a fiercely competitive industry. However, having spent years in venture capital, making bold investments in high-risk assets, and serving as a CRO with reporting responsibilities to investors and boards, Nick found it liberating to have the autonomy to chart his own course and pursue his passion. When it came time to choose what type of business he wanted to acquire, he immediately thought of an agency, which in his view was a cash flow machine with high client retention rates. Nick's thinking was that agencies typically operate on retainer contracts, offering ongoing services like SEO, paid advertising, and analytics. The predictability and stability of this recurring revenue model make digital agencies particularly appealing to potential buyers and investors. He advises potential buyers to prioritize operational efficiencies. By recognizing and addressing these factors, buyers and investors can capitalize on the stability and predictability that digital agencies offer, ensuring a sound investment with long-term potential. Maximizing an Agency's Value by Focusing on Multiples, Earnings, and Debt The way Nick makes money in acquisition deals is through a concept called M.E.D. (Multiples Expansion, Earnings Expansion, and Debt Paydown). Multiples Expansion: If agency owners can expand their multiple by focusing on a niche, making their agencies more sticky, they'll have better renewal rates and a better price in the market. Earnings Expansion: For this, focus on increasing your bottom line and get rid of unnecessary expenses. Debt Paydown: In his case, Nick did take on debt and set out to pay it in a certain amount of time. For instance, if he buys for $5 million, he would pay it off all in five years and sell it again for $5 million, effectively securing $5 million with minimal initial investment. In his experience, agency owners can get a very good deal if they make themselves attractive by paying attention to these elements. Unlocking Hidden Value by Recasting Agency Expenses The number one rule for Nick buying a business with debt was that the bank gets paid every month. He needed to make sure there was enough margin every month to both pay the bank back, make payroll, and finally, pay himself. This is where buyers should be aware of the importance of recasting expenses for better EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). Recasting expenses involves identifying and adjusting non-recurring or discretionary expenses that may not continue under new ownership. These expenses may include one-time investments, personal expenses, unnecessary overhead costs, or expenses related to activities that are not essential to the core operations of the business. Recasting these expenses will allow to improve the EBITDA, making the business more attractive to potential buyers and increasing its valuation. In the context of a digital agency, recasting expenses can have a significant impact on the overall financial health of the business. For example, expenses related to marketing, operating costs, tools, or other non-essential expenditures can be identified and eliminated to improve the bottom line, leading to a higher valuation and potentially attracting more buyers or investors. Uncovering an Agency's Salesmouse Trap The number one thing Nick looks for when thinking about how he could grow an agency after acquisition is what is their sales mousetrap. He considers the “sales mousetrap” as the processes and systems for attracting and converting the majority of their deals. Things he takes into consideration: Is their revenue repeatable? What's their churn rate? How many leads are they getting and what's the close rate? This is crucial because if every deal they land is because of a CEO who goes to every conference and is well-known then there's no “mousetrap” without that person. Many agency owners struggle to diversify their sales channels, often relying solely on their core expertise, such as SEO, and neglecting sales development. Consequently, numerous agencies grow primarily through referrals, which, while valuable, are not scalable. Eventually, agencies must invest in diverse inbound and outbound sales channels. Real sales mousetrap metrics refer to the processes and systems in place that generate leads, convert them into sales, and ultimately drive revenue for the agency. By analyzing these metrics, agency owners can identify areas of strength and weakness in their sales processes, and make informed decisions on how to improve and optimize their sales performance. A well-structured business with established processes, where the owner is not intricately involved in day-to-day operations, is more appealing to potential buyers, as it demonstrates the potential for further growth and development. Lessons Learned from Acquisition Legal Counsel One of the biggest lessons Nick wants to pass on to future buyers is to get good legal counsel during the process and not let lawyers control the deal. According to him, good lawyers are there to scare you of everything that can go wrong in the deal. Unfortunately, they can also delay the process quite a lot. In his case, the process should have been straightforward but the lawyers involved made the process overly complicated, causing unnecessary delays and adding to the cost of the transaction. His advice for both buyers and sellers is to have legal counsel who understands probabilities and can explain potential risks clearly and concisely. Instead of focusing on every possible worst-case scenario, attorneys should be able to assess the likelihood of these events occurring and advise their clients accordingly. In this case, the lawyer's insistence on minor details, such as a payroll cut-over glitch, unnecessarily prolonged the deal process and created unnecessary tension between the parties involved. Look for attorneys who have experience in handling similar deals and understand the client's business structure and objectives. By having legal counsel who is familiar with the industry and the specifics of the transaction, potential roadblocks can be identified and addressed more efficiently, leading to a smoother and faster deal process. The Importance of Understanding Deal Structures and Profit Margins Understanding deal structures and profit margins is vital for agency owners looking to sell their businesses. Deal structures, such as all-cash offers or earn-outs, can significantly impact the amount of money received upfront and over time. Owners need to have realistic expectations about the value of their agency and the potential payout structure they may encounter during negotiations. Profit margins also play a crucial role in determining the value of an agency. A healthy EBITDA margin can make the agency more attractive to potential buyers and help ensure a successful sale. By understanding their profit margins and financial health, agency owners can better position themselves for a successful acquisition and maximize their payout. Overall, navigating deal structures and profit margins requires a combination of financial acumen, legal expertise, and strategic negotiation skills. Agency owners must carefully consider their options, work closely with legal and financial advisors, and maintain realistic expectations throughout the acquisition process. Do You Want to Transform Your Agency from a Liability to an Asset? Looking to dig deeper into your agency's potential? Check out our Agency Blueprint. Designed for agency owners like you, our Agency Blueprint helps you uncover growth opportunities, tackle obstacles, and craft a customized blueprint for your agency's success.

Welcome back to another episode of The Higher Standard podcast, where Chris, Saied, and Haroon dive into the latest in finance, investing, and pop culture. Today, we're breaking down some intriguing insights and bringing a touch of humor to your financial woes. First up, the boys aim to demystify "EBITA" – yes, we know you probably thought it was a hip new tech term, but no, it's just Earnings Before Interest, Taxes, and Amortization. ➡️ And just when you thought this episode couldn't get any more eclectic, we shift gears to the world of entertainment. Will Smith made a heartwarming return to music with his BET Awards performance, Jamie Foxx spills the beans on his mystery illness, and J.J. Redick has some thoughts about the Lakers drafting Bronny James.

Depreciation and Amortization always seems like funny concepts to me, but now that I have studied them in more detail I understand why they exist.Today we'll go over the basics of what D&A actually are and why they matter.For recruiting help, join the WSO Academy waitlist today!Contact: investmentbankinginsights@gmail.com

You've heard the expression, “Pennywise and pound foolish?” Here in the States, we could say “Pennywise and dollar foolish.”A good example is when someone is more concerned about the interest they're getting on their savings account than the interest they're paying on their mortgage.Top Tips to Save Big on InterestWhen managing your finances, shopping around for the best interest rates on savings is wise. However, focusing on reducing the interest on your mortgage can have a much bigger payoff. Consider the total interest paid over a 30-year fixed-rate mortgage. It's a powerful motivator to pay off your mortgage quickly.Let's break it down. Imagine you have a $375,000 mortgage at a 7.3% interest rate. Over 30 years, you'll pay over $550,000 in interest, bringing the total cost of your home to around $925,000. With today's higher rates, paying off your mortgage faster is more crucial than ever.Suppose you pay an extra $300 a month on the principal. This might require some sacrifices, but it's worth it. By doing this, you can repay your loan eight years and three months faster and save $176,000 in interest. Paying down the principal each month should be a top priority.Here are four steps to help you achieve this:Create a Spending Plan: A budget is essential. The FaithFi app can help you set up a spending plan using the envelope system, track your spending, and identify areas to cut back, freeing up more cash for your mortgage.Identify Extra Cash: Determine how much extra money you can allocate to your mortgage. Even small amounts make a significant difference over time.Use Unexpected Income: Apply bonuses, tax refunds, or any unexpected money directly to your mortgage principal.Track Your Progress: Set up an online account with your lender to easily apply extra payments and monitor your principal balance. Watching it decrease can keep you motivated.Starting early means more savings that you can use elsewhere. Proverbs 21:5 says, “Slow and steady plodding brings prosperity.” So, begin your journey to an early mortgage payoff now.While at it, consider a mortgage with Movement Mortgage, a Christian company dedicated to making a positive impact. Since its inception in 2008, Movement has donated $377 million to community projects. With 775 locations nationwide, Movement offers competitive rates and a chance to be part of a greater cause. Check them out at: FaithFi.com/Movement.On Today's Program, Rob Answers Listener Questions:I purchased a home nine years ago to provide housing for my mother. I had put her on the mortgage and deed for the home to get it financed. Since then, I have paid off the home. Would it be best to have my mother sign the deed through a quitclaim deed so that I can move ownership of the home back to myself, or could I put the home into a trust I have set up? I want to ensure the proper steps are taken, and the home is handled appropriately after my mother and I are gone.My wife passed away in March at the age of 60. She had retired from her career as an educator but was not yet drawing Social Security. I will turn 63 in July and don't plan to start drawing my own Social Security until age 67 or later since my health is good. Can I apply for Social Security benefits now and suspend my own, instead of drawing on my late wife's benefits, so that mine can continue to grow until I need to start drawing on them?I will be turning 69 years old in November, and my only source of income is my Social Security checks. I have 250 acres of property that I am considering selling. If I sell the property, would I qualify for the 0% capital gains tax rate since my total annual income is below $40,000 and comes only from Social Security? The property was purchased in 2002 for $200,000, and I am considering selling it for around $500,000.Resources Mentioned:Movement MortgageRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

Join us as we dissect HSBC's recent earnings report to demystify financial statements and explore the valuation process used for banks.From a career perspective, we shine a spotlight on the Financial Institutions Group (FIG) and delve into the unique role of a FIG analyst compared to other sector teams.If you're aspiring to a career in investment banking, this episode is a must-listen! *****FIG refers to the Financial Institutions Group, which is a sector within banking that focuses on providing specialised services to financial institutions.NIM, or Net Interest Income, is the difference between interest earned from assets like loans and interest paid on liabilities such as deposits.Net fee income represents the revenue generated by a financial institution from fees charged for services provided to clients, after deducting related expenses.Net operating income is the total revenue earned by a company from its core business operations, minus operating expenses.EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization, representing a company's profitability before accounting for non-operating expenses.DCF, or Discounted Cash Flow, refers to the method of valuing an investment by estimating its future cash flows and discounting them to present value using a specified discount rate.Enterprise Value is a measure of a company's total value, calculated as market capitalization plus debt, minority interest, and preferred shares, minus cash and cash equivalents.Free cash flow represents the cash a company generates after accounting for capital expenditures necessary to maintain or expand its asset base.Price/earnings (P/E) ratio is a valuation metric calculated by dividing a company's stock price by its earnings per share, indicating how much investors are willing to pay for each dollar of earnings.Price/book (P/B) ratio compares a company's stock price to its book value per share, reflecting the market's valuation of a company relative to its accounting value.Price/Tangible Book Value compares a company's stock price to its tangible book value per share, excluding intangible assets, providing insight into the market's valuation of a company's tangible assets.*****Join our next free M&A Finance Accelerator simulation. Perform well and you could be fast-tracked to our partners UBS www.amplifyme.com/mafa Hosted on Acast. See acast.com/privacy for more information.

Others quietly fund a savings account for you with every income property that you own.  This is known as your ROA, your Return on Amortization. Primary residence owners don't have this benefit. Tenants rent a property from you. To own the property, you got to “rent” the money from the bank. Landlord tipflation: have you ever asked your tenant for a tip? I don't recommend it. Integrity: Now that the statistics are in, I follow up on my 2023 Home Price Appreciation (HPA) Forecast. See how it went. When measuring HPA, I explain why I use existing home prices, not new home prices. The size of a new-build home has shrunk 12-15% in just the last decade. Learn about the surprising correlation between rents and home prices. Be honest. Is it completely different that what you thought? Redfin just reported that real estate investor purchases are breaking records. Find the right income property for building your wealth. Our GRE Investment Coaches provide you with free guidance at GREmarketplace.com.  Timestamps: Welcome to Get Rich Education (00:00:01) Introduction to the episode and a brief overview of the topics covered. The Benefits of Real Estate Investing (00:01:58) Discusses the benefits of investing in real estate, including equity growth, cash flow, tax benefits, and inflation profiting. Tenant-Made Equity Growth (00:02:47) Explains how tenants contribute to the landlord's equity growth through monthly principal pay down. Landlord Tip Inflation (00:06:39) Compares the lack of tipping in the landlord-tenant relationship to other service interactions and discusses the concept of "landlord tip inflation." Review of Home Price Appreciation Forecast (00:09:06) Reviews the accuracy of previous home price appreciation forecasts and discusses the factors influencing the real estate market. Use of Existing Home Sales Numbers (00:13:01) Explains the rationale for using existing home sales numbers in home price appreciation forecasts and discusses the trend of new home construction. Impact of Population Growth on Real Estate (00:17:03) Highlights the impact of population growth on real estate prices and rental demand, emphasizing the significance of demographics in real estate investing. Special Episode Announcement (00:21:33) Announces the upcoming special episode 500 and expresses gratitude to listeners, particularly those from Colombia. Listener Guest Invitation (00:22:43) Encourages listeners to share their experiences and the impact of the show on their lives, inviting them to become guest speakers on the podcast. The surprising correlation between rents and home prices (00:26:07) The correlation between the direction of rents and home prices, and how they move together. Investor purchases breaking records (00:29:21) Insights on the increasing investor purchases, housing shortage, and the impact on the real estate market. Real estate anniversary (00:32:11) Keith Weinhold's heartfelt reflection on his parents' 50th anniversary in the same home, emphasizing the significance of providing people with a home. Commitment and growth in real estate investing (00:33:46) Encouragement to commit to real estate investing, learn, grow your portfolio, and build your empire. Conclusion and disclaimer (00:37:10) Disclaimer and conclusion of the podcast episode. Resources mentioned: Show Page: GetRichEducation.com/491 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Keith Weinhold (00:00:01) - Welcome to GRE. I'm your host, Keith Weinhold. Today, get in on a savings account that others fund for you. Landlord Tip Foundation a follow up to see how my last home price appreciation forecast actually performed. The surprising way that rents correlate with home prices. Investors are now feeling a record share of property buys and a heartwarming 50 year anniversary that I'm in awe of today. An get rich education. When you want the best real estate and finance info. The modern internet experience limits your free articles access, and it's replete with paywalls. And you've got pop ups and push notifications and cookies. Disclaimers are. At no other time in history has it been more vital to place nice, clean, free content into your hands that actually adds no hype value to your life? See, this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor and it's to the point to get the letter. It couldn't be more simple. Text gray to 66866.   Keith Weinhold (00:01:17) - And when you start the free newsletter, you'll also get my one hour fast real estate course completely free. It's called the Don't Quit Your Daydream letter and it wires your mind for wealth. Make sure you read it. Text gray to 66866. Text gray 266866.   Corey Coates (00:01:42) - You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold (00:01:58) - Welcome to GRE, from Italy's Sorrento Peninsula to America's Florida peninsula and across 188 nations worldwide. You're listening to the 491st consecutive weekly installment of the get Rich education podcast. I'm your host, Keith Weinhold. And when you invest in real estate with a strategy, which is what we've discussed here for over nine years, you can't help but be a profiteer, even a wild profiteer. It might feel like so much money is falling out of the sky that you might need an umbrella to keep yourself from being hit with it. Raining Benjamins. In fact, with one of the five ways that you expect to be simultaneously paid. All right, let's not focus on the equity growth here, which has been torrid the last four years.   Keith Weinhold (00:02:47) - Not the cash flow, which has been slowed lately, not the tax benefits or the inflation profiting benefit. What else is there that ROA you return on when we talk about so much money falling out of the sky that you catch a case of affluenza, that ROA, it's really one of your quieter profit centers. It is like a savings account that someone else is funding for you. Let's say that you check in at your table of your typical mortgage income property, and it shows that it has $400 of monthly principal pay down. All right. Well, imagine if you had a number of economic actors say you own six rental properties, and then you've got six tenants, six economic actors, perhaps people that you've never met. And all six of them are putting 400 bucks a month into a savings account with your name on it. That is $28,800 a year. That goes into your quote unquote, savings account. Yeah, nearly 30 K a year that your net worth is growing by that you hardly even think about.   Keith Weinhold (00:04:02) - And it's all just part of the profitable background noise that you hardly even hear, along with your leverage depreciation, cash flow taxes and inflation, profiting your tenant builds up your equity. This way, even if your property didn't appreciate at all. And again, in your own primary residence, your ROA is zero because you had to work to pay down your principal, your tenants not doing it for you. Now, this account that they're funding for you, it's not as liquid as a savings account, but it's perhaps more like an old bank CD, a certificate of deposit. It's your money, but you can't access it. In a couple minutes. You would need to do a sale, or you could do a cash out refinance and then it's yours. Your ROA is your tenant made annual principal pay down divided by your equity. Okay. And what if you had more and larger properties? Then this small example I gave you the quietly increases your net worth nearly 30 K every single year. Well, a lot of investors have more or a larger properties where you might have 300 K in annual principal pay down alone.   Keith Weinhold (00:05:22) - The more rental properties you own, the more tenants you have that month in, month out. Every single month they fund a low liquidity savings account with your name on it. And think about it. How did you get in this advantageous position? Well, first you educated yourself. You'll know that they will rent the property from you. And how did you get the property? You don't own an outright. That typically implies too much opportunity cost to have the entire value of your property tied up and paid off. Although they rent the property from you, you got to rent 80% of the money from the bank to buy the property with reap the reward, and you might have to use that umbrella to avoid getting rained on. With the financial windfall. And residential real estate investors have been feeling the rain pouring down for the last three four years. Many commercial real estate investors with short term mortgages don't feel the same way now when you're paid five ways, which has been enhanced by inflation since 2021, you don't really need tip inflation.   Keith Weinhold (00:06:39) - Hunt up of that. In fact, have you ever asked your tenant for a tip, or has a tenant ever paid you a tip for providing housing for them? I wouldn't expect it. It hasn't happened to me. In fact, I've never heard of it. But if. If so, tell us about it right into us at get Rich education. Com slash contact. That's our contact page. A tip for your landlord. Now, think about it this way. You've got all these people asking for tips, really, since the pandemic began. And that's when it really heated up. And then the pandemic receded. And yet the tip requests persist. Baristas, delivery people, fast food workers and the parade of other micro interaction participants that you encounter throughout the day. Those people have no shame in asking you for a tip, and that's even if the service is poor. Now, I'm not saying that you should or shouldn't tip them, but they are micro interaction participants in your life because they're just handing you a coffee, or they're handing you another drink that has too many ice cubes in it.   Keith Weinhold (00:07:55) - On the other hand, what you do is you provide tenants with the roof over their head 30 days in a row, 24 hours a day. By buying the property, you educated yourself. You sunk in a down payment. You build up your own good credit to get a loan to provide housing for a stranger. Well, I guess you'll be asking your tenant a new question each month. Would you like to tip me 18%, 20%, or 25%? Landlord tip inflation? No, I doubt that you're really going to do that. But this is the case that compared to the service level from vendors that you interact with at a lower economic level, you sure could ask for this landlord tip inflation. Let me know if it's ever happened to you now, starting at the end of 2021, near the end of each year here on the show, I have provided you with a home price appreciation forecast for the following year. Well, we have got the results now from last year, so let's check the performance.   Keith Weinhold (00:09:06) - And yeah, don't you wish everyone that made predictions or forecast they reliably review them and followed up with how they actually performed. That's what we're going to do here. Now there are some things that I don't like to predict. In fact, I was the guest on Tom Wheelwright's show at the end of last year as his 2024 Real estate predictions expert. And if you watch that, he really had to press me to get my mortgage rate forecast. I told him back then that 6% by the end of the year was my best guess. But that's all it was not formulaic, not a forecast, and not a 100% confidence level at all. So when we talk about Gray's home price forecasts and our track record, let me share a little context with you here. First, so many other people, including some expert peers that I actually respect. They really got home price appreciation so wrong in this era, especially in 2021. That's when many forecast a home price crash 2021. That's the year we had the highest home price appreciation in a long time, nearly 20% nationally.   Keith Weinhold (00:10:23) - And of course, I have never called for any national home price downturn at all, even a mild one. I'm on record here on the show back in 2020 and 2021. That is when I shared the fact that, look, this administration, our elected officials, whether you like them or not, for better or for worse, they don't want to see people kicked out of their homes and living on the street back then. Remember, like mortgage loan forbearance. But at the end of 2021, I forecast a cooling down of home price appreciation. And I told you then that I expected 9 to 10% for 2022. And at the end of 2022, the result was indeed 10% home price appreciation. And then at the end of 2022, we had already seen mortgage rates spike two and a half times from their lows. And again, many said that was going to catch up with us so that in 2023, home prices would just have to sink. No, they didn't sink. That's when I told you that the only housing crash was going to be a supply crash, and the higher mortgage rates actually correlate with higher home prices, not lower ones.   Keith Weinhold (00:11:39) - That's what historically happens. And I said right here on the show that home prices absolutely can't crash. In fact, they won't fall at all. So 0% was my forecast for last year. No gain, no loss. We now have the number in. Only for last year. Yes, real estate statistics can move slower than an Alaskan glacier. Well, it affirmed that indeed, prices didn't fall. They came in up 3.5% last year. That's the result. We'll round it up to 4%. And we maintain a consistent data set here. The same measuring stick. And that is the Anna's national median single family existing home price. Let me just add that of course I'm neither omniscient nor clairvoyant. I'm giving you the best information my research can provide. It is surely possible that I'll get it wrong sometime. I just haven't yet. Now. And you learn something about real estate here. Why do I use only the existing single family home number? Therefore, why exclude no new build homes? Well, in short, this is how you better compare apples to apples.   Keith Weinhold (00:13:01) - New home construction changes over time. And in fact, the trend for the last decade is that new build homes are shrinking in size and are also being built closer together to each other when they're constructed. So you can see how this disrupts the apples to apples comparison. Ten years ago, the existing single family home was about 1600 square feet and is still 1600 today. But ten years ago, a new build, single family home was about 20 300ft². And it's just 2000ft² today, or 2036 to be exact. So yeah, new build sizes have shrunk 12 to 15% in just the last decade. So this is why I use existing home numbers. And by the way, this shrinking trend, this is the opposite of the early 2000 trend. When you saw a super sizing of homes about 20 years ago, that's when the term McMansion really increased in popularity there about 20 years ago. But it's the opposite now. The shrinking new home trend looks to pick up steam because, like I talked about a few weeks ago, affordability is down.   Keith Weinhold (00:14:19) - Remember, it's worse than it's been since George Jefferson was on television 40 years ago. Don't let's not play The Jeffersons theme music again. The deluxe apartment in the Sky. We played that two weeks ago. Moving on up to the East side. I think that's the music that meant Manhattan's Upper East Side. For those uninitiated on that, that has long been one of New York City's most affluent neighborhoods. Yes. Then the Jeffersons were also funding their landlords return on amortization and more. But getting back to today's new home construction, you can. Therefore, you could say that homes are experiencing shrinkflation today from about 2300ft² to 2000ft² in just a decade, and you can easily see that falling below 2000ft² within two years here. Yes, that type of shrinkflation is more impactful than you paying the same for your shrinking jar of prego spaghetti sauce. Now that you understand why existing home sales numbers are used in Jerry's Home price depreciation forecasts sourced by the Nar, you'll recall that at the end of last year, I forecast 4% home price appreciation for this year.   Keith Weinhold (00:15:43) - We'll check back on that in one year's time. Now, that's amidst the fact that I understand we've got high asset prices all over the place right now, almost everywhere you look, a record high US stock market near record highs in Bitcoin and near record highs in home values. Yes, more home price appreciation is likely. In fact, real estate investor purchases are breaking records. I've got more to tell you about that later. In fact, there is even more fuel being poured out of the housing record right now. And this was breaking news a couple of weeks ago in our Don't Quit Your Daydream newsletter. So if you're a reader, you saw it. And that is the fact that population growth drives real estate prices and rents. News broke that we just experienced the largest one year population increase in all of American history, with an astounding 3.8 million. Our population was up 3.8 million people last year, more than ever in previous census estimates of a 1.6 million person increase had underestimated immigration flows. This was reported in Newsweek and elsewhere.   Keith Weinhold (00:17:03) - Now, look, I've been directly investing in real estate since 2002, and I have rarely encountered a supply demand inflection point like this that requires such attention from you, locating an available property that is already more elusive than finding the missing car keys, and it's going to get even more scarce. This has the appearance of an astounding real estate investment window that we are now entering. See, in most asset classes, the future is largely unknown. Like in stocks, futures markets, derivatives, bonds, crypto, gold, oil, all kinds of other commodities. There are so many unknowns there. And real estate has unknowns too. But there are no three giant certainties for residential real estate in America going forward. Number one is more inflation. Number two is a prolonged scarce housing supply. And thirdly, it is astoundingly good demographics that fuel more demand. This third one is newer. And this is what I'm highlighting here. The demographics were already good, but it's just been turned up another notch. All three of these things are inevitable, and so many people try to predict the future and they fail.   Keith Weinhold (00:18:30) - But these three profitable real estate tailwinds for investors are as assured. I mean, there is a third. Is you forgetting someone's name immediately after they introduce themselves? Yeah. The way to get around that is to recite their name back out loud as soon as you meet them. But what I'm getting at is that this is not hyperbolic to call this potentially a once in a decade opportunity. Other high income countries like Japan and so much of Western Europe, they are sweating buckets, thinking about how their nation's aging populations are sending them over a demographic cliff. And besides just the magnitude of the population growth, again, the biggest one year increase in American history, understand that America's largest group of immigrants are working age producers aged 25 to 54, and they are overwhelmingly renters, not homeowners. So this is your surge in rental demand and this immigration surge. It may or may not last, depending on policy, regulation and the presidential election outcome late this year., you know, Jeff Bezos discussed this one time.   Keith Weinhold (00:19:55) - He discussed about how everyone wants to know the future and understand this. You already know more about the future than what you think, whether it's about your future business life or your investing life or your family life, or the way that you're thinking about technology in autonomous cars or flying cars, in machine learning and artificial intelligence, you know, with things that a lot of people, they ask themselves a question about the future, and they ask, what will be different in ten years? Well, there's nothing wrong with that question. In fact, it's a perfectly good question. But instead, ask yourself the opposite. What will be the same in ten years? Yeah. What will be the same in ten years? Now, black swans aside, in real estate investing, it is indeed those three things more inflation, a prolonged scarce housing supply, and astoundingly good demographics for rental demand. That's what will be the same. And now you have the basis for a sustainable wealth strategy. The bottom line is that even if it comes to a sudden stop, the addition of an all time record 3.8 million Americans in one year, that has left an indelible mark on real estate demand, the economy, and nearly all of society.   Keith Weinhold (00:21:33) - Residential real estate investors are going to own a scarce asset that everyone will need. You're listening to get resuscitation. It's episode 491, and that means that we're just nine weeks away from what is going to be a special, unforgettable episode 500. It's an episode that you probably want to listen to more than one. Coming up in two months on May 6th. And I'll tell you, I really know how to put the performance pressure on myself for May 6th, don't I?, hey, I really want to give a shout out to our great listeners in Columbia. Last month, I spent nine days in Colombia and eight days in Ecuador exploring a coffee farm, checking out urban sites and doing some Andes mountaineering, taking in the best of steak, coffee, chocolate and fruits to. And I've got to say, when Colombians learned that I was there, you Colombians were amazing at reaching out, making me feel welcome, telling me how the show has helped you. Ecuador. And it wasn't quite the same. I love you and your beautiful nation, but frankly, I didn't hear much from the Ecuadorian listeners.   Keith Weinhold (00:22:43) - I don't know why there was a big difference there, but I'm appreciative of some of the South American listenership for a show that's based on about 95% US real estate here. Speaking of listeners and the show, at times, we have listeners here on the show. If gray has impacted your life and you'd like to come on the show and tell us about it, I and our audience like hearing from you and how an abundance mindset and real estate investing has changed your life right into us. At our contact page again, get rich education. Com slash contact and tell us about yourself. We've had some really cool listener guests here on the show, like Grammy Award winning music producer Blake La Grange, the inventor of a home fitness system, Sean Finnegan, and even my former coworker that used to have a neighboring cubicle right next to me, back when I had a day job in a fertile who became a listener. If you think you're just maybe a boring accountant with a spouse and two kids, but Jerry has influenced you, well, you're exactly who we want to hear from a write in and let us know.   Keith Weinhold (00:23:53) - Coming up next, hear the surprising correlation between rents and home prices. Then investor purchases are breaking records in more. I'm Keith Weinhold, you're listening to get rich education. You know, I'll just tell you, for the most passive part of my real estate investing, personally, I put my own dollars with Freedom Family Investments because their funds pay me a stream of regular cash flow in returns, or better than a bank savings account, up to 12%. Their minimums are as low as 25 K. You don't even need to be accredited for some of them. It's all backed by real estate and that kind of love. How the tax benefit of doing this can offset capital gains and your W-2 jobs income. And they've always given me exactly their stated return paid on time. So it's steady income, no surprises while I'm sleeping or just doing the things I love. For a little insider tip, I've invested in their power fund to get going on that text family to 66866. Oh, and this isn't a solicitation.   Keith Weinhold (00:25:01) - If you want to invest where I do, just go ahead and text family to 66866. Role under this specific expert with income property, you need. Ridge lending Group NMLS 42056. In gray history from beginners to veterans, they provided our listeners with more mortgages than anyone. It's where I get my own loans for single family rentals up to four Plex's. Start your pre-qualification and chat with President Caeli Ridge personally. They'll even customize a plan tailored to you for growing your portfolio. Start at RidgeLendingGroup.com. RidgeLendingGroup.com.   Matt Bowles (00:25:48) - Hey, everybody, this is Matt Bowles from Maverick Investor Group. You're listening to Get Rich Education with Keith Weinhold. And don't quit your daydreaming.   Keith Weinhold (00:26:07) - Welcome back to Get Rich Education. I'm your host, Keith Weinhold. As I like to say, history over hunches, it's easy to have a hunch about how something works in real estate. But take a look at history and see what really happens. History over hunches. So to that point, you might be surprised at the correlation between the direction of rents with respect to home prices.   Keith Weinhold (00:26:31) - Now, the cost of rent has grown over the last 12 years. That's not news to anybody, but many think that rents and home prices move inversely. If demand for home purchases falls, then rents rise, right? No. Instead, they move together. When rents move up, home prices tend to move up to. Rents rose gradually from 2012 to 2020, and they rose rapidly since 2020. Well, home prices, they behaved in a similar way. They also rose modestly from 2012 to 2020, and they rose rapidly since then. Rinse and home prices have therefore been positively correlated. And in fact, I've been investing long enough to remember that when the home price bubble burst from 2008 to 2010, where rents fell a little. Then to an underscore my point some more, both rents and prices bottomed together around 2011. Yes, I think most real estate investors believe that this positive correlation is less likely than that. A movie about Barbie could ever reach $1 billion in sales. Well, that happened too.   Keith Weinhold (00:28:01) - So I simply look at what really occurs when I do my research. It's history over hunches, and that's why these should not be mind blowing discoveries. Just look at what really happens. So if your tenant balks that rents are rising, well, you know what? Home prices are probably rising to the bottom line here with rents and prices being correlated, is that whether it's to rent or own, wait a million homes when the economy grows, that is the real history over any other hunch. Now, as a wealth building show here I am empowering you with the information that you need to improve yourself. You can't follow the herd. You've got two choices. Either you can be a conformer or you can build wealth. Your wealth is not coming from anyone else. Chances are a rich uncle won't be helping you. In fact, getting an inheritance remains a rarity in the US yet as of 2022, data from the Federal Reserve shows only about a fifth of American households had ever received an inheritance at all. And it gets worse.   Keith Weinhold (00:29:21) - According to NYU, the most common inheritance amount is between 10,000 and $50,000. Yeah, that's enough to fund your life for one average month, or maybe one good month, depending on how you're living. The good news is that great listeners and others are getting the message, because last month, Redfin reported that real estate investor purchases are breaking records. Yes, investors bought 26% of the country's most affordable homes in the latest quarter ended, and that is the highest share on record ever. We've got all these on record ever sort of things that we're talking about on the show today. Yes, Redfin let us know that low priced homes are increasingly attractive to investors in today's environment. Redfin agents in Florida and California report that investors are the ones hungry for homes, but they can't find properties to purchase due to an ongoing housing shortage. But we can help you with available supply here at gray. But these overall record investor purchase figures they are, according to a Redfin analysis of county home purchase records across 39 of the most populous US metro areas, not just a couple states.   Keith Weinhold (00:30:45) - There are a lot of investors out there fighting for properties, said a Redfin premier agent in Orlando, Florida. There just aren't enough properties to go around, which is putting a cap on how many homes investors can buy. In fact, single family homes represented over two thirds of investor. Purchases. So congratulations, you are acting. You are making it happen in this canyon, this chasm, this divide that's opening up between the haves and have nots, shrinking the middle class. You are getting on the right side of that. I want to tell you more about being an investor shortly. But first, I have somewhat of a heartfelt real estate anniversary for you, and it has to do with my own family. March 5th, 1974 is a special day. You might note that tomorrow will be the 50th anniversary of that special date. Now look, I can remember every single place that I've ever lived. The modest single family home that I grew up in, college dorm rooms, a pathetic pool house, efficiency apartment in Westchester, Pennsylvania, a condo, a house as an adult.   Keith Weinhold (00:32:11) - Can you can you remember every place that you've ever lived? There's a good chance that you can. It's how intimate, really and important real estate is to your life. And think about how significant you are. You're providing people with a home that they will always remember. This is key. Think about how this contrasts. If you supplied the world with software packages or patio furniture, that stuff is forgettable. You're doing something significant when you help abolish the term slumlord and provide other people with that clean, safe, affordable, functional housing. Well, tomorrow my parents, Curt and Penny Weinhold, will have lived in the same home for 50 years. 50 years in the same home for my parents in sleepy and remote Appalachia. Coudersport, Pennsylvania. I asked my dad about that recently, and he said that when the paperwork with the lawyer was finished, he recalled walking into the house and happily shouting. He was tired of renting. When I visit my parents annually in Pennsylvania, I am still sleeping in the same bedroom of the same home, on the same block in the same small town where they still live in the first home that I ever remember.   Keith Weinhold (00:33:46) - Great job Mom and dad. You committed. You married before you had my brother and I. You're still happy, you're still healthy, and you're still together. You're even in the same home I grew up in. I'm in awe. I won the parent lottery five decades in the same home. You know where the creaky spots in the floor are of that old Victorian place. And when my brother is there, the four of us know right where to sit in our same spots at that same kitchen table. And, you know, as tomorrow is an amazing 50 years there. There are some lessons in this. Find out what the great things in life are, learn about them and commit to them. Like me trying to be the highest man on earth recently, or you buying the property or getting married. So many of the most successful people get diligent and learn and then make lasting commitments. Being a real estate investing devotee is a commitment. Each property that you add is a small commitment itself. I encourage you to act if it resonates with you.   Keith Weinhold (00:35:03) - Learn and grow your portfolio. There are always going to be naysayers that try to hold you to the confines of conformity and mediocrity. So fear, uncertainty. Telling someone that times are uncertain is like telling someone that they're breathing air. Well of course, no kidding. Each condition, uncertainty and breathing air have persisted every day of your entire life. In the year 1920, ten kilos of gold would buy you an average home. Today, ten kilos of gold will buy you an average home. Home prices aren't high so much as the value of the dollar is simply down. Homes are not overvalued by the most timeless financial measure. Gold mortgage rates near 7% are still below. Their long term average. So go forth and build your empire. You can either teach a man to fish or give a man a fish. Here at Jerry, we do both. We teach them in or women to fish at get worse education. Com which this show is a part of and then a great marketplace. Com we give a man a fish.   Keith Weinhold (00:36:30) - We have the supply of housing. You have access to the national providers with the lower cost real estate that makes the best rentals. And starting about two years ago, we added free investment coaching here, giving you that fish and making it easier than ever to get started or get your next property. Play a game worth winning and commit to something worthwhile. If you haven't yet, I encourage you to look into that at GREmarketplace.com. Until next week, I'm.   Speaker 3 (00:37:03) - Your host, Keith Weinhold.   Keith Weinhold (00:37:05) - Don't quit your day dream.   Speaker 4 (00:37:10) - Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of yet Rich Education, LLC exclusively.   Keith Weinhold (00:37:38) - The preceding program was brought to you by your home for wealth building. Get rich education.com.

Today we dive into the fascinating world of business growth and wealth creation with Anthony Scaramucci and Jay Abraham, where they share invaluable insights into the art of income and wealth creation with minimal risk.SHOWNOTES:Jay Abraham's Background: Discover Jay's journey from a struggling young adult to a marketing legend, his experiences across multiple industries, and the lessons learned along the way.Acquisition as a Growth Strategy: Jay and Roland Frazier's approach to business growth focuses on bottom-line moonshots through smart acquisitions, minimal risk, and maximizing EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization).The Power of Relationships in Business: Leveraging existing relationships and trust to accelerate business growth and reduce risk.Resilience and Overcoming Obstacles: Jay shares powerful stories and principles on resilience, highlighting the importance of seeing problems as solutions to someone else's bigger challenges.Innovative Thinking and Business Growth: Leveraging lifetime value and preemptive advantage, understanding the importance of pattern recognition and diverse thinking.The Concept of 'Acquire-preneur': This unique term coined by Jay and Roland refers to entrepreneurs who achieve exponential growth through strategic acquisitions rather than starting from scratch.The Intersection of Wealth, Success, and Failure: Jay offers profound insights into the definitions and interconnections of these concepts, stressing the importance of continuous learning and growth.LINKS AND RESOURCES:Access Our All-New "Podcast Mini-Workbook" For This Episode!Revisit Our Top 25 Podcast EpisodesFor More In-Depth Resources, Visit Our Knowledge CenterInterested in Colsulting? Work With Jay For Consulting Inquires: jay@abraham.comFor Podcast Inquiries: ultimateentrepreneur@abraham.com