Podcasts about Dover

Hour 1 of The Drive kicks off with Zach and Phil cross talking with Dover and Cecil. The guys discuss Jamal Murray and the Nuggets. Will we see Peyton Watson grow into a role in the rotation with his defense and athleticism? Zach and Phil react to the Broncos not making a move at the trade deadline. Zach explains why preferred the Broncos making an addition but it ok with it not happening. Did the Broncos fall behind other teams in the AFC that made additions yesterday? Are the Broncos answers of being better offensively, internal? How do the players feel about standing pat at the deadline? The guys react to Deion Sanders replacing Pat Shurmur as the offensive play caller and Zach rips Deion for firing Sean Lewis two seasons ago and points out all the success Lewis has had before CU and at SDSU since leaving.  

Dover and Cecil began the show reacting to the Avalanche getting a win last night over the Lightning. Dover broke down his list of problems that the Broncos have had this season. The fellas heard from Sean Payton on why the team didn't make a trade for a WR. The guys explained why Courtland Sutton needs more targets. 

In the 2nd hour, Dover and Cecil heard from Sean Payton on if he'll help out the special teams unit. Is there a gap with the Broncos and other teams in the AFC? The guys heard from Bo Nix on the team not making any trades before the trade deadline. Why is the Broncos offense struggling in the first three quarters? 

In the 3rd hour, Dover and Cecil reacted to the Avs getting a win over Tampa Bay last night. Cecil explained that he doesn't want the Broncos offense to be off balance heading into playoffs. What WR were the Broncos looking to trade for before yesterday's trade deadline? The fellas also reacted to the initial CFP rankings. 

In the 4th hour, Dover and Cecil reacted to how low the viewership has been for the CU Buffs this season. Where do the Broncos rank in the AFC after not making a trade before the trade deadline. How is Vance Joseph and the Broncos defense going to slow down Brock Bowers and the Raiders offense? Previewing tonight's Nuggets game, Dover explained why he wants to see more from Julian Strawther. 

Dover and Cecil opened the show discussing if the Broncos should make a trade ahead of today's NFL trade deadline. Could the Broncos trade for a WR? The fellas recapped last night's Nuggets win over the Kings. The guys explained that the Nuggets need to shoot better from three-point range. Is Sean Payton telling Bo Nix when to take off and run based off certain plays? Cecil says Payton could make the offense better by simplifying things. 

In the 2nd hour, Dover and Cecil continued to discuss if the Broncos need to make a trade today before the trade deadline. The guys reacted to James Palmer's latest tweet saying that we should keep an eye on the Broncos before the trade deadline. The fellas heard from Sean Payton saying that the Broncos are not making a trade just because they want to send a message. What weird thing is Tom Brady doing now? 

In the 3rd hour, Dover and Cecil continued to react to the latest NFL trades. Should we want the Broncos to make a trade? Cecil explained that the Broncos need to make a trade and go all in this year for a Super Bowl. The fellas recapped the Nuggets' win last night despite shooting poorly from three. Should the Broncos give up picks for Jets RB Breece Hall? 

In the final hour, Dover and Cecil continue to discuss if the Broncos should make a trade ahead of the NFL trade deadline. Does a trade for Jets RB Breece Hall make sense for the Broncos? The guys recapped last night's Nuggets win over the Kings. Are there any WRs that the Broncos should trade for to improve the offense? 

Register here to attend the live virtual event "How to Scale Your Portfolio, with Tenanted Cash Flowing, New Construction Properties" on Thursday, November 13th at 8pm Eastern. Keith introduces a profound life perspective: humans are typically allotted only 30,000 days. What will you do with the days you have left? Every moment not spent building wealth is a moment lost forever. Adam Schroeder, a real estate investment strategist, joins the conversation to talk about current opportunities with new build properties with significant builder incentives and the potential for high appreciation. Resources: Switch to listening to the podcast on the Apple Podcasts or Spotify app, as the dedicated GRE mobile app will be discontinued at the end of the month. Show Notes: GetRichEducation.com/578 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  1-937-795-8989 to speak with a freedom coach 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— text 'GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold  0:01   Keith, welcome to GRE. I'm your host. Keith Weinhold, the real estate market is slow when this happens in a cycle. What does it mean to a real estate investor? What type of return can you really expect today? I'll tell you exactly, and you'll be surprised. Learn more about new build properties and why investors often prefer DSCR loans over conventional loans today on get rich education,   Keith Weinhold  0:28   since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com   Corey Coates  1:13   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  1:29   Welcome to GRE I'm your host. Keith Weinhold, yes, America's favorite shaved mammal on a microphone is back with you for another wealth building week. Just the talking primate that's heavily mortgaged here. I'm also a landlord still waiting for a security deposit from back in 2018   Keith Weinhold  1:51   Hmm, oh, I'm so into self deprecation today that I forgot about the place names hitting you, from Dover, Delaware to   Keith Weinhold  2:01   Andover, Massachusetts and across 188 nations worldwide, you're listening to get rich education. There's a realization that can sharpen your investor focus when you think about the fact that, in a sense, how little time you are allotted in your life. It's something that I've thought about more. You're only given about 30,000 days. That's the typical lifespan of a human being, and that goes for both shaved mammals and others. Well, you've already spent 1000s of your 30,000. The question is, what are you doing with the rest? At some point, people understand or they better that they need to go out on a limb. There are people less qualified than you living the life you want to live simply because they chose to believe in themselves, and really, that's the moment everything shifts. belief. It's not a feeling. It is a decision backed by action. Too many people learn this lesson the hard way. They discover, often too late, that relying on one income stream is the most dangerous financial plan of all. A job can vanish. Federal Workers found that out amidst a government shutdown, a business model can change. AI can intrude. A paycheck can stop. But when you own assets that pay you month after month, no matter what you're doing, you slowly begin to untether yourself and move toward freedom. And here's the truth about pain and money. Poor and middle class households work for money, so to them, that's why every dollar spent feels like a little loss. It can even hurt, and that is why they hesitate even on opportunities that could change everything. The wealthy, on the other hand, own assets that pay them, so therefore every dollar spent feels like a seed, because it grows when you own enough income property, you can move away from constantly asking yourself, can I afford this? And start asking, What will this investment earn me? Over time, this mindset shift changes everything at that time when other people's money starts working for you, not the other way around.    Keith Weinhold  4:45   And here's the thought experiment I use, take the hourglass of your life and flip it, watch the sand fall. That's time, 30,000 hours, 30,000 grains. That is. Is time the one resource that you cannot get more of. So every day you delay prudently investing the sand does not pause. It just keeps flowing. But you can choose how that time compounds the sand that's left over and hasn't fallen through the neck of the hourglass. Yet that is your opportunity to build multiple income streams from real estate, from ownership and from leverage, it is your chance to replace anxiety with well autonomy. Every family with generational wealth can trace it back to one person, one risk taker who decided to stop trading hours for dollars. They believed in ownership and control. They believed in themselves. They acted before the sand ran out. If you've already started real estate investing, well, then you've already begun to break that cycle. If you've done it for a time, you're going to have more time, more income and more options than you had before. That is worth celebrating and scaling, because the best time to start was yesterday, and the next best time is before the next grain of sand hits the bottom.    Keith Weinhold  6:22   Later today, I'll talk about taking this sentiment and moving it towards something very specific and actionable. Now, in this era, the real estate market is slow. That is in terms of transaction volume, there just aren't as many sales. Sometimes this whole thing feels more sluggish than Jabba the Hutt after Thanksgiving dinner.   Keith Weinhold  6:49   5 million is a typical number of existing homes sold every year in the US. 5 million. That's normal. That's baseline during the pandemic frenzy. It reached over 6 million, and now it's about 4 million. That's why I say that housing transaction volume has slowed, and appreciation is only about 2% that's below historic norms, and rent growth is like barely doing push ups. It's two to 3% in single family homes volume now it has picked up a little here lately with lower mortgage rates, and so have home prices. Redfin now tells us that home price appreciation is 3% but most outlets say 2% some analysts that are more optimistic than me call today's housing market healthy. They don't call it slow. And why is that? Well, it's the healthiest it's been since covid, because now you have a good balance of buyers and sellers. The real estate market isn't so miserably deprived of inventory like it was back in 2022 in 2023 but I am going to go with slow now, as you know, I coined the phrase real estate pays five ways back in 2015   Keith Weinhold  8:09   But how exactly does that hold up in today's slow transaction market? Could an income property buyer's return even be disappointing now? Well, let's do it. Let's determine what you can expect if you purchase an investment property here in these slow market conditions, we'll determine your total rate of return in year one. And you know, this will be sort of like dating someone that's not the first date, but to really get to know them, to know if they're potential spouse material. You want to see them at their worst and be sure that they look good on their bad days. So let's just be conservative and use 2% home price appreciation. Say that you buy a 200k single family rental. Now a 20% down payment means 40k down. Sellers are willing to give you concessions now, say that they're going to pay your closing costs, because the 200k that you're paying is their full asking price, so it's your terms and their price. Well, say that you don't get any cash flow. The rent only covers the expenses exactly. Okay, so we're really painting on a not so pretty picture. Here, it would seem. Here we go, in a slow market, the first of five ways you're paid is that erstwhile appreciation. Your property only appreciates 2% from 200k up to 204k not so exciting, until, of course, as we know around here, you realize that your return is your gain on your skin in the game, your 4k gain divided by your 40k down payment gives you a 10% ROI. There it is leverage. Didn't just show up. It brought donuts. 10% just from the first of five ways you're paid. The second way is cash flow. Say that rent minus your 160k mortgage payment here and your operating expenses, that merely breaks even, like I was saying. So 0% additional return from cash flow. And before we add on numbers three, four and five to get your total rate of return in a slow market, let's take a moment to check on Jabba. How's Jabba doing? No, Jabba still hasn't gotten up from that heavy Thanksgiving dinner. It's still a slow market. We've confirmed that we're going to continue   Keith Weinhold  10:41   the third way you're paid, as any GRE listener knows by now, is with that ROA return on amortization, also known as principal pay down with a 7% mortgage rate in your 160k loan on this property, an amortization table shows you 1625 bucks a tenant made principal pay down. Divide that by your 40k down again, that is another 4% return. All right, so you add that to your 10% from leverage depreciation, and you've now got 14%   Keith Weinhold  11:17   next is your tax benefit. It's a 150k structure value, not the full 200k because raw land can't be depreciated. Multiply that by 3.6% depreciation, that means you've tax sheltered 5400 bucks. That is like a phantom loss that you get to show the IRS. Just a little more math here, and this is as far as you have to stretch it, in visualizing numbers in an audio format at a 24% income tax rate. That is 1296 saved on 40k down again, another 3% for you, and your running total is a 17% ROI before we get to the last one, which is inflation profiting, not inflation hedging, which almost everyone mistakenly says in real estate investing, it is inflation profiting.    Keith Weinhold  12:13   Your 160k loan gets eaten by 4800 bucks at a 3% inflation rate, divided by 40k down. And you know, inflation is usually the villain. Now it is the hero. You've got another 12% from inflation profiting. And here's the sum in this slow market, your total year one rate of return is 29%   Keith Weinhold  12:43   and you're like, my gosh, did that really just happen? Now you might want to skip back on some parts of that to help make it crystallize in your mind. I've got to tell you before I ran these numbers in this slow market with this 2% appreciation and even assuming zero cash flow, I thought your total rate of return would be in the low 20s, not this high, not 29%   Keith Weinhold  13:09   the numbers don't lie. They just don't get enough attention on CNBC.   Keith Weinhold  13:16   Now I did use shorthand and simplify. You would also have to adjust your 29% for inflation, just like you do for any investment. So then about a 26% inflation adjusted return for you. Wow. And if you want to know more about what I just used shorthand on, you can always watch the five videos on the five ways real estate pays for free at getricheducation.com/course that's get richeducation.com/course, the most valuable video course you'll ever see on real estate investing, but a huge investor lesson here, an epiphany today, is that it does not take a high growth market to build wealth. Even when it seems like real estate's half asleep, it can still work five jobs for you, we could be near the nadir of the cycle here.    Keith Weinhold  14:16   Appreciation has picked up in recent months, with mortgage rates being lower than they've been in a while, but even when appreciation and rent growth slows now, you can see that the ROA tax benefit and inflation profiting just keep working overtime. The bottom line here is that income property still pays a lofty 29% if you buy today, even in a slow market, and this is at a time when investors, a lot of them, don't know what to do with their money, since every market type seems to be near an all time high, and people don't want to buy in at those high levels, and savings accounts pay you less than a gumball machine, owning investment property proves its resilience. I mean, this is why we do this. It's kind of like stocks can party with a surge in an upcycle, and then they can bust and boom and bust and boom. But all the while, instead of partying, real estate just keeps its head down and works the night shift for you, your wealth quietly compounds in the background while the rest of the world panics or debates interest rates on LinkedIn or something.    Keith Weinhold  15:33   All right. Well, with that in mind, where can we take advantage of that real estate return and expect to do even better with it, even if the market did stay slow. Well, builders have unsold inventory in places like Texas and Florida, like I mentioned before, and to a lesser extent, in parts of the West as well, but the prices are too high out in the west for a cash flow investor. So today, you can buy at a discount in a way that you absolutely could not during the height of the pandemic.    Keith Weinhold  16:06   A guest and I are going to talk about a specific opportunity in today's market, and then how you can exploit it. The National Association of Homebuilders has even noticed that home flippers have switched gears, and increasingly, what flippers are doing is instead buying new build properties and then renting them out, because new builds have lower upkeep costs come with a lower mortgage rate because the builder is buying it down for you, they have lower insurance and they attract a better quality tenant that stays longer, even if the HVAC did break. That's okay, because new build homes often come with a warranty. The smart money knows that new build is where the opportunity is today. That's something that I've discussed for a while here, but today we're getting more actionable. CNBC let us know that the CJ Petra company reports that investors now make up the highest share of Homebuilders in five years. And you'll recall that we've had CJ Patrick, company founder, Rick sharga, on the show a lot with me here the past few years. Some say that the smart money is waking up again. I don't know investor activity is steady, but it's not really that much. It only seems like a lot because the wannabe owner, occupant, buyer has been priced out. So it's better to say that investor activity has been steady. Investors bought fully 1/3 of single family homes this past summer, and that is up from 27% in q1 I'll discuss that more soon.    Keith Weinhold  17:44   Hey, you know one thing that makes GRE different is that our show sponsors are here to supplement and benefit your specific investor activity. And another thing is that I use them myself. Thank God we are not here to tell you about pneumococcal pneumonia or your moderate to severe plaque, psoriasis. I don't even know what that stuff means. Freedom, family investments and Ridge lending group. I very know what they're about. I'm a satisfied client with each of them myself. So listen in.    Keith Weinhold  18:21   You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products, they've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom, family investments.com/gre, or send a text. Now it's 1937795898, 377958989, yep, text their freedom coach directly. Again, 1-937-795-8989,   Keith Weinhold  19:32   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group NMLS, 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 Caeli Ridge personally while it's on your mind, start at Ridgelendinggroup.Com, that's Ridge lending group.com   Kathy Fettke  20:05   this is the real wealth network's Kathy betke, and you are listening to the always valuable get rich education with Keith Weinhold.   Keith Weinhold  20:14   I'd like to welcome in a new guest to the show. He is a real estate investment strategist that's been working in the media industry since 2001 and throughout the career, he's held the title of a local news reporter, podcast host and producer for nationally syndicated companies like NPR. He's been in real estate nearly 20 years. Adam Schroeder, welcome to the show.    Adam Schroeder  20:48   Thanks for having me on. I really appreciate it.    Keith Weinhold  20:50   Yeah, I'm looking for your read on today's real estate market, just the general landscape overall, because Adam, I've shared that national transaction volume is down about 25% appreciation is still there, although it's been slow. Rents are just steady. We do, however, still have this supply that is down among entry level homes, something a lot of media articles broad brushstroke and don't understand, and really it's still a valid question to ask, even today. Is there any better risk adjusted return than income property that's bought, right? So what are your thoughts on the overall real estate investing landscape?   Adam Schroeder  21:30    Yeah, overall real estate investing, it's kind of like what you said, entry level housing. I remember I saw a heat map. This was probably five or six this was pre covid. It was maybe even seven or eight years ago. It was a heat map that showed, like, new construction, home pricing, and, you know, there was like 500,000 and up. Was just this massive chunk. And then there was all these ones, ones that were under about 300,000 it was around, like six or 8% or something like that. It was really, really small. If you look around, it hasn't gotten bigger. And so the question of inventory and availability and pricing, they're never going to talk about it on the national media, because there is no entry level home in Chicago, in New York, in LA, you're not going to find that. I mean, you're paying 200 grand for a doghouse in the backyard, if you're there. And so we are finding the entry level housing, but I think right now, an oversupply of inventory in some of these markets is a very good opportunity for people. If you're buying for with the right fundamentals, if you're buying in an area that's growing and has good long term, you know, 8,10, 15 year diagnostics. Then if you're buying now with builder incentives and all of that, yeah, your year one, year two, year three. Appreciation may not be the greatest because of that oversupply, but if you look at what's happening now with construction starts in a lot of places, builders have gotten scared off. They're not really starting them now. So if you're buying new now, in 2,3,4, years, all of the inventory will be sucked up, and there won't be new homes coming to the market. So you're going to be one of those people who has one of the newest homes in the area, more people are going to want to be getting in. And so your appreciation and rent growth is much more likely to be growing. So that's one of the things I love to look at, is I look at what new home starts, what happened in the past, what was oversupplied, but now, who's what cities aren't building. And if I know what cities aren't building, then I can compare it to, okay, well, you know, there are some cities in California that aren't building anything I'm not going to buy in California, but there are some cities in Minnesota, in Oklahoma, you know, in Texas, where they're not building anymore. And if it's landlord friendly and can cash flow and all of that, Sign me up. I'm bullish on parts of this, of the United States real estate market, not the whole United States real estate market.    Keith Weinhold  23:55   It's been pretty well documented that parts of the nation are overbuilt. However, especially in Florida and Texas. And I brought up the point months ago Adam that if you buy, say, a new build income property in temporarily overbuilt pockets today, five years from now, looking back five years onto today, you could be like, Yeah, I bought five years ago, when some areas were actually overbuilt, and I snagged a deal, and the builder was even giving me incentives like my rate at that time, because, you know, long term, the demand is going to be there and that the absorption is going to be there. So it's about knowing what's happening and then identifying the right time in that cycle. In today's environment, some feel that DSCR loans are a better option for investors, and what that means a debt service coverage ratio loan is that you qualify for the loan not with your personal income, but instead with the property's income. Do you see more investors employing dscrs?    Adam Schroeder  24:55   We see a ton for a really good reason. That is simply put, especially if you're utilizing these builder incentives, buy down rates on DSCR frequently outperform ones with conventional like some of the lenders we're working with. I look and let's say you're putting 4% I looked at it this morning with an investor with 4% of purchase price towards your loan on a DSCR loan, you're down to 5.49% on a DSCR, but conventional, you're at 5.75 that doesn't happen for the most part. It's just something that right now, the risk profile of investors is allowing the rates to be either at or better than conventional many times. Plus, people love to put their properties in LLCs for protection, and they'll worry with conventional, oh, what if a due on sale clause gets triggered, even though it's really hard to trigger that, if you worry about it, well, why not just get a loan that's equal or better than a conventional that doesn't go on your you know, debt to income and can go straight into the LLC to begin with, and then your hands are clean the whole way through, and you're not having to worry about transferring titling. Honestly, my wife is about to murder me because I have some properties that were meant to go into an LLC two years ago that are not currently in an LLC.   Keith Weinhold  26:17   Well, hopefully you'll live until the end of this interview. Tell us more about DSCR loans, and maybe some that, no you talked about the upside, maybe some red flags and some things to look out for, times when we would not want to employ that loan type.    Adam Schroeder  26:30   A lot of it with the DSCR you're looking at like you said, they're not evaluating you necessarily. Now you do have to show reserves. You do have to show that the property will perform on its own. But sometimes full doc loans with conventional can be the way to go, because, like I said, in the past, it used to be that DSCR loans were three quarters of a percent, or a full percent higher than the DSCR. Or, yeah, DSCR was higher than the conventional. And so if you could get a four and a half with a conventional versus a five and a half on a DSCR. It's well worth the extra paperwork that might come with doing it to save yourself that money and really build up your cash flow. We are just in a very awkward time of investing, where the investors for DSCR loans, the people who are buying those mortgages, are not the same people who are buying the Fannie Mae Freddie Mac secondary loan market, and so they just have different risk profiles, which allows the rates to be different. So that's really the big thing. Is, if you've still got your Fannie Freddie slots, it's worth talking to your lender and saying, what would it look like if I did this loan? What would it look like if I did that loan? Where am I? But when it's all said and done, if you're really close or equal, I would almost always skew towards the DSCR to protect myself, go straight into an entity and keep it off of my debt to income ratio, plus on dscrs. You also have the option, and we don't recommend this for every property or even for certain people, depending on risk profile, but you have the option to do an interest only loan with 20 or 25% down, which allows you to do kind of what we call cash flow management, where people get worried about interest only loans and say, Well, I'm not building equity. I'm not doing this, not doing that. Well, you're not, but you're also, you can still put principle towards your loan every month, right? Like a principal loan, maybe you're throwing 200 bucks a month, a principal towards that. Well, with an interest only loan, you can still put that $200 in. But what it means is, if there's a month where maybe you have some repairs that need to be done, or something like that, don't pay the principal and on the interest only, you're still okay on a principal and interest. If you can't pay that, if you just pay all the interest, they're still going to say, well, Keith, you're late on your loan, right? And so it gives you a little bit more flexibility, but it's not for everyone. It's not for every property, so definitely talk with lenders about that. But conventional loans don't offer that. DSCR loans can.    Keith Weinhold  28:53   There's always opportunity in every real estate market. It's just identifying what those are and then ethically exploiting the opportunity. So we're talking about buying in areas that are temporarily overbuilt utilizing DSCR loans. And another advantage in this market, which is an aberration, is the fact that new build properties, like few times in history, if any, actually cost less than renovated existing properties.    Adam Schroeder  29:20   Yeah. I mean, when you can get into, you know, an A class neighborhood with 80% owner occupied, 90% owner occupied, and you're getting in for way less than the median cost of a home in the US. You mean, you're getting in for, I mean, we've got new builds in the 220 range on some of them up to 400 you know, which is still below the median cost. Yeah, that's really good. If you're looking to get into any a class neighborhood, or even B plus neighborhood, finding a property that's 200 $250,000 in those areas is tough. It's just tough. And so especially because as pricing went up for everything with inflation, you know you can't do. Do a cheap rehab anymore. If you're going to do a good rehab, you can't do a cheap rehab. I talk to our teams all the time and tell me, Hey, I did, you know, I only spent $70,000 to renovate this property and like that is a lot of money. I know you're getting it out whenever you do the burn, you know, or sell to an investor, but still a lot of money to put in to get there.    Keith Weinhold  30:20   Well, then let's talk about identifying possible growth markets for long term investing success. New build properties tend to appreciate better than rehab properties. And you know what's funny, Adam, I was just sharing this with my audience on a recent episode. I largely disagree with this long time investing axiom in real estate that says appreciation is just icing on the cake. I think I know what they're saying that doesn't help you out on a month by month basis, but we're in real estate investing for the long term and long term, more of your returns typically come from leveraged appreciation than they do on the cash on cash return from cash flow. So to me, appreciation is not just icing on the cake. In a lot of cases, it is the cake. And really, that's something that new build can offer more of.    Adam Schroeder  31:09   Yeah, I mean, it's almost in, especially in today's market, it's almost like cash flow is the icing on the cake. You know, you can get a property that, you know, is in that really good area, like we're talking about, and is, maybe it's appreciated a little bit now, but it's very likely to appreciate a lot later. If you're only making, if you factor everything in maintenance, vacancy, all of that, and you're making $100 a month, that's solid, you know, if you look at it, and if you're in those areas, if you appreciate 5% on a $300,000 property, let me tell you this, you're not going to make $15,000 in cash flow that year on that property. So if you look at the people who are really retiring on cash flow, are usually the people who have 100 200 300 doors or something like that, and they play the law of large numbers. I don't want to play the law of large numbers personally, I want to have really good quality assets and have fewer of them, and really work on having positive cash flow, but having the equity growth that allows me to pull money out tax free and either buy more investments or utilize how I want in my life.    Keith Weinhold  32:16   Exactly. If your property cash flow is $100 a month and it's a single family home. Some people say, Oh, that's awful. You would need 100 of them just to get 10k pass it per month. Now you're thinking wrong, and you're oversimplifying it like to your point, with the 300k home and 5% appreciation, that's 15k in one year, you're building equity that can be borrowed against, tax free, and you're building up that lump sum cash flow windfall down the road, if you will, in real estate pays five ways and cash flow matters, but it's only one of five profit centers and all that. So yes, we're so aligned on that one, appreciation is not just the icing on the cake, it's substantially more than that. Well, I've got something to announce. Adam here is going to co host, along with our own longtime investment coach, Naresh, an upcoming live virtual event. And it's called how to scale your portfolio with tenanted cash flowing new construction properties. And it aligns in every way with the trends that we've been talking about and that Adam and I have been identifying here. The event takes place next week. But first, tell us more about what you and the ray shall be speaking about at the event there. Adam.   Adam Schroeder  33:29    one of the biggest concerns people have about real estate, and one of the things that can eat in your cash flow more than anything, is vacancy. I mean, vacancy can kill your deal whenever it's all said and done, because it's one thing, if you're, you know, break even or $100 a month positive cash flow. But whenever you've got a vacant property and you're negative $1,500 a month, that can hurt, that can hit the wallet. And so what we really love, if you can hit it, is a tenanted property that's new and is in a growing area, yeah, and we've got that thankfully. I mean, we've been able to work some really good relationships with national builders that have allowed us to get into they were doing a lease to purchase option with tenants who wanted to buy their property but didn't have it saved up, and these people didn't exercise their option, but they've renewed their lease so you can come in and buy a property that has them in place. It is a house that they wanted to buy. So how long are they likely to stay? Probably quite a while. They like the school district, they like the neighborhood. They like everything about it. You're coming in, you've got the builder incentives we talked about before, and you're just in a positive cash flow position already. Now we're in Texas, which I was actually funny enough. Earlier, right before this interview, I was reading about the states that are going to grow the most, projected until 2050 and they expect Texas to grow by nearly 9 million people between now and believe it was 2050    Keith Weinhold  34:55   everyone's asking, when is it going to pass? California is the most populous state in the nation.    Adam Schroeder  35:01   Well, it depends how many people. In California are part of that 9 billion we've gotten quite a few of them there. As somebody who lives in Texas, and we're in the big cities too. We're not in the Podunk Texas towns you think about in, you know, east or west Texas. We're talking Houston, Dallas and San Antonio, which are three of the top, I believe, 15 largest cities in the country. We're getting some really good incentives. You can get up to right now, 10% builder incentive. So a $300,000 house, you have $30,000 that you can use. That's massive. Yeah, you can get that money back after closing. We can buy your rate down. And we have some people who have literally taken the whole 10% and put it towards a fixed 30 rate at four and a quarter percent. Wow, they are locking themselves in at four and a quarter. Or we have some people who say, like, we were just talking about cash flow is not a concern for me. I'm going to take half my down payment back, and I'm going to go buy another property, because I'm only in this property for 10% now, and so they're able to be, you know, roughly break even in a good growing area, and they can acquire a second property. So you're buying two properties without mortgage insurance for essentially a 30% total down payment, and you're getting your 10% back if you buy the second property. So it's just really incredible time. Like you said, we haven't seen a time like this before. We were able to get into the wholesale division of these builders and provide these incentives that I've personally never seen before. Some of our reps are buying these homes themselves, so we're putting our money where our mouth is. It's just a great time, especially like you were saying, these homes the inventory, take advantage of the opportunity, right? And there's an opportunity that's presenting itself. And if you look at the long term demographics of Houston, Dallas and San Antonio. It's an arrow pointed up. That's what those areas are.    Keith Weinhold  36:46   100% I mean, it's almost as predictable as anything. There's never a guarantee, but continued population growth and obvious need for housing there is about as close as you can get. That's massive. 10% back, 380k purchase, $38,000 back at the closing table to use in discount point buy downs completely or half on discount point buy downs and half to pocket and use on another property or use on your next vacation or whatever you want to do. That's massive.    Adam Schroeder  37:18   Yeah, it's fantastic. One thing I forgot to mention about Houston. It's one of the things I love that people don't think about has the third most headquarters of fortune 500 companies in the country, behind New York and Chicago. So people don't think about that when they think of Houston. But I love to throw that out there, because it's there. I love Houston. I lived there for seven years. It's where I met Naresh, actually, and would happily move back there again   Keith Weinhold  37:42   right? Houston has moved so far past the monolith of just having oil be the economic driver. So we're talking about tenanted new construction properties in pretty hot markets, Houston, San Antonio and Dallas ready for you to purchase with that 10% builder incentive. And these are in communities that are primarily owner occupied, so they do have that high appreciation potential and that potential for solid rent growth. So on the live event, the webinar that you are invited to attend from the comfort of your own home, what you can do is just learn more about this overall strategy and why the time in the market is right for this. Learn more about those geographic markets themselves and then their drivers, and even see available new build income property. And the benefit of you attending a live is that you can have any of your questions answered right then and there. You can sign up at grewebinars.com, and Adam, before I ask you if you have any last thoughts, that event is next week. It is Thursday, November 13, at 8pm eastern time again, you can sign up. It is free. Space is limited, so that's something that you want to do now at grewebinars.com, any last thoughts? Adam   Adam Schroeder  38:51   yeah, I will just remind people there's always a reason to buy real estate, and there's always there's always a reason not to buy real estate, and depending on which one you subscribe to, you can always find those opportunities, or you can scare yourself off. So, you know, find the right opportunities that are there for you and your investing style and jump in. Because if you look at what's happening right now. When rates start coming down, owner ox are going to jump back in, and that tends to lead to prices going back up. Like Keith said, these are 85% owner occupied areas, and you're setting yourself up for success. And if you do it now, you can always refi later if rates come plummeting down right so find the right areas. Find the reasons to buy and go for it.    Keith Weinhold  39:41   This is a time when builders are really willing to give you a break. Take advantage of it if you possibly can. Adam, it's been great having you here on the show, and our audience looks forward to seeing more of you next week.   Keith Weinhold  40:00   Yeah, some real potential here. I'm rather excited for your future as a listener next week, investors like DSCR loans, since the qualification looks at the property, not you, and see conventional loans are more for owner occupants. They're fine. They work for investors too. But with dscrs, besides their other advantages, they're a check on making sure your property is profitable. It is just your rent divided by your debt service. That's all it is. So for example, with a $1,000 rent and a piti payment, principal, interest, taxes and insurance payment of 800 bucks. Well, then your DSCR is 1.25 Investors love them because there's no personal income verification, no W twos, tax returns, pay stubs. There's no debt to income ratio bar for you to have to clear also conventional loans often cap you at 10 financed properties, and DSCR loans have no such limit, so there's faster underwriting and easier approval. But with dscrs, look out. I mean, there could be some higher fees, and you might have a three to five year prepayment penalty. But buy and hold investors often keep the property that long anyway, so grow your income streams with dscrs, even when the w2 world says no. And notably, dscrs have absolutely nothing to do with job of the hut either. No sluggy concerns there   Keith Weinhold  41:42   if you've wanted a deal on a property today, here you are with these new build incentives that are really good, better than what most builders are giving looks like. Here's your chance. One reason that the builders are giving us a deal is because of the bulk of GRE buyers. This is for you, if you might want one property or 14 properties load up with these up to 10% builder incentives, or just attend the webinar and learn more. We got into the wholesale division of these builders. We got them right where we want them. The properties are typically already tenanted. So plant your flag in the ground, and call this the pivot point. This whole thing could be a bigger deal than the first man to walk on Mars. We'll see, though, no man has walked on Mars yet, but you don't need to wait that long. Take one of your 30,000 days that you've been gifted in this life of yours, the 30,000 days you've been allotted on this earth to win back some of your future finite time. It is next week, Thursday, the 13th, at 8pm Eastern. It's also GRE last event of the year, your last chance, a live, virtual event where you can attend from the comfort of your own home or anywhere. And it's free. Registration is open now. Sign up at gre webinars.com that's gre webinars.com Until next week, I'm your host. Keith Weinhold, don't quit your Daydream.   Unknown Speaker  43:17   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  43:45   The preceding program was brought to you by your home for wealth building, getricheducation.com

The Hamlet Podcast - a weekly exploration of Shakespeare's King Lear. Act IV Scene vi - Gloucester and Edgar reach Dover. Written and presented by Conor Hanratty

In the final hour, Dover and Cecil compared this Broncos team to the 2015 Broncos team. Can Bo Nix breakout out his slump and turn it into a jump? Who steps up the most over the next eight games of the season, Evan Engram or RJ Harvey? The fellas discussed if some offensive issues will go away if Nix will use his legs more as a runner. 

In the 2nd hour, Dover and Cecil heard from Sean Payton on his team getting another comeback win this season. How great has the Broncos pass rush been inlcuding yesterday? Cecil explained why the Broncos really missed Marvin Mims yesterday. The guys reacted to the Dodgers winning another World Series title and what in the world is Deion Sanders talking about? 

In the 3rd hour, Dover and Cecil reacted to the Broncos beating the Texans yesterday. Is there a disconnect with Sean Payton and Bo Nix? The fellas also explained that Payton might've been wrong for his offseason expectations. Will the Broncos be a run first team this week against the Raiders? 

Dover and Cecil kicked off the show reacting to the Broncos beating the Texans yesterday. Why is Sean Payton struggling with his offensive calls and why is he not running the ball? Dover went off on why he's frustrated with Payton. The fellas explained why people need to stop comparing Bo Nix to Tim Tebow. What did the Avalanche and Nuggets do this weekend? 

Dover and Cecil opened the show calling out media for saying that the Broncos need to give J.K. Dobbins a contract extension already. Dover gave his keys to the game for the Broncos to get a win over the Texans. Sean Pendergast joined the show to give some insight on the Texans. Why has C.J. Stroud struggled since his rookie season? How good is the Texans defense? The guys discussed if Nikola Jokic will make history tonight. 

In the 2nd hour, Dover and Cecil broke down the numbers of opponents against the Texans defense. Cecil gave his keys to a Broncos victory. The fellas heard from Vance Joseph talking about game planning Houston's WRs without Patrick Surtain playing. Why is ESPN and Youtube TV beefing? 

In the 3rd hour, Dover gave Cecil his keys to the game for the Broncos to get a win over the Texans. The fellas gave their Mile High Moments for Sunday's game. Will Bo Nix be able to win the game using his legs? The guys took a look around the NFL and college football's upcoming weekend. 

In the final hour, Dover and Cecil continued to preview the Broncos-Texans game. Cecil gave his keys to victory that includes Bo Nix' legs. The guys heard from Vance Joseph talking about how to slow down the Texans offense on Sunday. The fellas closed out the show giving their Mile High Moments and final predictions for CU and the Broncos. 

Hour 1 of The Drive kicks off with Zach and Phil cross talking with Dover. The guys discuss the news of the day in Marty Necas and the Avalanche signing a huge 8-year contract extension. Was this contract a "win-win" for both sides? Zach and Phil examine who has the edge in the Broncos and Texans game at rush yards, pass yards and how the teams defend those areas. How do the guys feel about the Broncos being linked to Rasheed Shaheed? How much would the Broncos have to give up to trade for Shaheed? Are the Broncos in a "win now" mode to give away draft picks? We react to the Nuggets' rolling as they beat the Pelicans last night. How important will it be for the Nuggets to blow teams out and get Jokic rest during the season? 

In the final hour, Dover and Cecil reacted to Mike Klis' comments saying that the Broncos could be buyers ahead of the trade deadline. What's the latest with Marvin Mims' injury? Will Petersen joined the show to provide some insight on the Martin Nečas deal with the Avs. How good is Nečas' chemistry with Nathan MacKinnon? What does Bo Nix think of the Texans' defense? 

Dover and Cecil kicked off the show previewing the Broncos-Texans game coming up this weekend. Cecil explained why he wants Bo Nix to use his legs a lot more this weekend. The fellas recapped the Nuggets dominant win last night over the Pelicans. Dover explained why this might be the best Nuggets team we've ever seen. How does this Broncos offense matchup with Houston's defense? 

Int he 2nd hour, Dover and Cecil were joined by Mike Klis and talked about the possibility of Marcedes Lewis playing this week already. What is the update on Marvin Mims and will the Broncos be buyers ahead of the trade deadline? The fellas reacted to the breaking news of Martin Nečas getting a new deal with the Avalanche. What does Bo Nix think of the team adding Marcedes Lewis? 

In the 3rd hour, Dover and Cecil talked about how the Texans defense can't get to the QB. What is the Broncos' offensive gameplan for Sunday? The guys recapped the Nuggets dominant win last night over the Pelicans. The fellas reacted to the Avs giving Martin Nečas a new deal. What's the plan at TE for the Broncos moving forward? 

Send us a textSeth Van Dover shares his unique journey from engineering to pursuing a career in music. He discusses the challenges and triumphs of live performances, the importance of building connections in the Texas music scene, and the authenticity he strives for in his music. Seth emphasizes the significance of chemistry within a band and reflects on the lessons learned from overcoming performance challenges. He also shares his future plans for new music and collaborations, highlighting the supportive nature of the music community.

Hour 1 of The Drive kicks off with Zach and Phil cross talking with Dover. The guys discuss the news that Patrick Surtain will not go on IR for his pectoral injury. What week do the guys anticipate Surtain returning to the Broncos defense? Zach and Phil react to the Broncos adding Mercedes Lewis to their practice squad. Why are the Broncos opting for such an old veteran instead of some younger options out there? Will the Broncos be "buyers" at the NFL trade deadline? Could we see the Broncos move either Ja'Quan McMillian or John Franklin-Meyers as they head into free agency at the end of the season? We finally saw the Avalanche power play break through last night, will they continue this success going forward? When will we see a contract extension for Marty Necas?

Dover and Cecil began the show reacting to the Broncos adding Marcedes Lewis to the practice squad to be another blocking tight end. Was it sustainable on offense for the Broncos moving forward? The guys discussed how far the Broncos' top-10 offense can lead them this year and can they win the AFC West? 

In the 2nd hour, Dover and Cecil discussed what the biggest need is for the Broncos ahead of the NFL trade deadline. Based off something Steve Nash said, the fellas built the best QB ever. Is Bo Nix already a better QB than C.J. Stroud? Dover closed out the hour talking about the newest robot that he wants to buy. 

In the 3rd hour, Dover and Cecil reacted to the Broncos signing Marcedes Lewis to the practice squad to add some depth at tight end. Is it a must that the Broncos win the AFC West after being in first place this late into the season? The guys talked about what the Chiefs could do ahead of the trade deadline. 

In the final hour, Dover and Cecil discussed if the Broncos have to be buyers at the trade deadline. The fellas explained why they disagree with Brandon Stokley saying that he would give up a first-round pick for Jaylen Waddle. Who is the better QB so far, Bo Nix or C.J. Stroud? Closing out the show, the guys gave their thoughts on tonight's Nuggets game. 

In 1977, several teenagers in Dover, Massachusetts, reported seeing a pale, hairless creature with glowing eyes and long fingers. The sightings spanned just two nights but ignited decades of speculation, from alien encounters to cryptid sightings. No explanation was ever found. In this episode, we explore the enduring mystery of the Dover Demon. Email: TheHalloweenPodcast@gmail.comwww.TheHalloweenPodcast.comFacebook: www.facebook.com/TheHalloweenPodcast Keywords: Dover Demon, Massachusetts cryptid, alien creature sighting 1977, cryptid encounters, glowing eyes entity, unexplained creature, The Dark RecordHashtags: #DoverDemon #Cryptid #DarkRecord #HalloweenPodcast #UnsolvedMystery #Paranormal Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Hour 1 of The Drive kicks off with Zach and Phil cross talking with Dover and Cecil. The guys discuss the NFL and how there are no great teams in the AFC. Do the Broncos need to go out and make a trade before the trade deadline to add to their offense? Zach and Phil go in depth into Bo Nix's numbers when it comes to getting blitzed. How has Nix improved after seeing so many different defensive looks and blitzes over the past season and a half? The guys debate how impactful the injury to Patrick Surtain will be for the Broncos. Are Riley Moss and Kris Abrams-Draine up for the challenge of being CB1 and CB2? Zach shares the stats on how dominant this Nuggets team has been offensively and how hot of a start Jamal Murray is off to. 

Dover and Cecil opened the show reacting to last night's 18-innning World Series game. The fellas gave their thoughts on the latest news with Patrick Surtain's injury. Is it time to play Jahdae Barron opposite of Riley Moss? The fellas broke down last night's Nuggets win over Minnesota. Are the Broncos looking at WRs ahead of the NFL trade deadline?   

In the 2nd hour, Dover and Cecil discussed if the Broncos are still a good team or if they're elite now. What has J.K. Dobbins' impact been so far this season for the Denver offense? The fellas broke down how good Riley Moss has been. How will the Broncos game plan against the Texans without Patrick Surtain? Dover provides some numbers that show that Bo Nix is the best QB from his draft class. 

In the 3rd hour, Dover and Cecil reacted to the crazy ending of last night's World Series. Cecil talked about why he thinks Jamal Murray can average 27 PPG this season. The fellas recapped last night's Nuggets win as well as the latest injury news with Patrick Surtain. Will the Broncos be buyers at the trade deadline and could they end up with too many weapons if they make a trade? 

In the final hour, Dover and Cecil discussed how the Broncos can go from a good team to an elite team this season. How good has Riley Moss been at CB and do the numbers back up how good he's been? The fellas broke down how great Bo Nix has been against the blitz as of late. Why are the Nuggets playing more zone defense this season? The guys reacted to Bo Nix's Halloween costume from last night. 

The Hillsborough County Fair opens Thursday evening (October 30th). We speak with fair manager Suzanne Holcomb about what's new and returning this year. See omnystudio.com/listener for privacy information.

In the final hour, Dover and Cecil heard from Sean Payton on how he loved the Broncos' top defense beating a top offense from the Cowboys. The fellas explained that there's not much stuff left to say from the Bo Nix haters. Did CU Buff players quit on Deion Sanders on Saturday against Utah? The guys heard from Bo Nix saying that the team had a great week of practice that might've sparked something moving forward. 

Dover and Cecil kicked off the show reacting to the Broncos' dominant win over the Cowboys. How good was Bo Nix and the Denver offense? Dover mentioned that the Broncos showed that they could run the ball and find ways to score. How did the Broncos slow down the Dallas offense? The fellas reacted to the CU Buffs getting blown out by Utah. 

In the 3rd hour, Dover and Cecil broke down how the Broncos got a dominant victory over the Cowboys yesterday. Cecil explained that the key to Bo Nix is comfort. How balanced was the Broncos' offense against Dallas? The guys gave an injury update on the Broncos. The fellas took a look around the rest of the football world. 

In the 2nd hour, Dover and Cecil heard from Sean Payton saying that he's proud of the Broncos' rookies stepping up and making plays yesterday. The guys gave their thoughts on the Nuggets beating the Suns with Nikola Jokic getting another triple-double. The fellas heard from Bo Nix explaining how the team changed practice on Wednesday and had a great practice. What history did Nix make this time around that involves John Elway and Peyton Manning? 

Hour 1 of The Drive kicks off with Phil and Richie cross talking with Dover and Cecil. The guys discuss what style of game the Broncos are in store for when they take on one of the best offenses in the NFL in the Cowboys. Phil and Richie dive into Aarron Gordon's historic night last night as he went for 50 points, going 10 for 11 from three. The guys give AG his flowers after transforming his game over the past few seasons with all the hard work he's put into shooting. What do the guys make of Cam Johnson's struggles in his first appearance with the Nuggets? How long should we give grace to Johnson while he acclimates himself to his new teammates? We react to the Avalanche falling in a shootout to the Carolina Hurricanes. Are we seeing the same issues we saw last year when it comes to the Avs and their power play?

Dover and Cecil opened the show reacting to the Nuggets and Avs both losing last night. Todd Archer of ESPN joined the show to give some insight on the Cowboys ahead of their game against the Broncos. Will Bo Nix find a way to dominate the Cowboys defense? The guys discussed what kind of game Javonte Williams will have this weekend. Cecil also broke down his keys to a Broncos victory. 

In the 2nd hour, Dover and Cecil recapped the Nuggets' loss to the Warriors. Why didn't Cam Johnson have a great debut with the Nuggets? The fellas also reacted to the Avs falling to Carolina. Dover gave his keys to the game in order for the Broncos to get a win on Sunday. Trent Finnegan joined the show to preview CU's game against Utah. The guys gave their thoughts on Bo Nix changing how the team watches film. 

In the 3rd hour, Dover and Cecil recapped the Nuggets losing their season opener to the Warriors. How good was Aaron Gordon last night? Cecil broke down his keys to the game in order for the Broncos to beat the Cowboys. The fellas also gave their Mile High Moments. The guys previewed this weekend's NFL and top college football games. Cecil also answered some fantasy questions. 

In the 4th hour, Dover and Cecil explained that they're not worried about the Nuggets losing last night in their season opener. Dover explained why he wants Sean Payton to call running plays on first down this week against the Cowboys. The fellas previewed CU and CSU's games this weekend. Closing out the show, the guys gave their Mile High Moments and final predictions for the Broncos-Cowboys game. 

In the 3rd hour, Dover and Cecil were joined by Jake Shaprio and previewed the Nuggets season that starts tonight. Jake talked about how the Nuggets can improve on the perimeter this year. The fellas reacted to Sean Payton's comments on the upcoming trade deadline. Is there a RB that the Broncos can target for a cheap draft pick? 

Dover and Cecil opened the show previewing tonight's season opener for the Nuggets. Who guards Steph Curry tonight? The fellas reacted to the latest story of Chauncey Billups getting arrested in a gambling scandal. The guys looked at the Cowboys' offense and talked about how good Jake Ferguson and Javonte Williams have been this season. Did Sean Payton really take a shot at Russell Wilson? 

In the 2nd hour, Dover and Cecil were joined by Mike Klis as he perviewed the Broncos-Cowboys game. How does this Broncos defense slow down the Dallas offense this weekend? The guys reflected back on why the Broncos drafted RJ Harvey and talked about George Paton saying that Harvey had the best vision in the draft. Have we seen the best from Jamal Murray yet? 

In the final hour, Dover and Cecil heard from Mike Klis on how the Broncos can slow down the Cowboys' offense this weekend. Why is RJ Harvey struggling this far into the season? The guys heard from Sean Payton explaining his screen game. How do the Broncos turn Wednesday practices into great performances on Sundays. Closing out the show, the fellas gave their Mile High Moments for tonight's Nuggets game.