Tree species native to south and southeast Asia
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Discover powerful strategies to maximize your rental property returns and minimize costly vacancies. Learn how top investors are transforming their approach to property management, from tenant retention techniques to smart staffing solutions. Key Insights: Master the art of keeping great tenants and reducing turnover Understand when to scale your property management approach Explore innovative investment opportunities beyond traditional real estate Market Trends Spotlight: Rental demand is on the rise Emerging investment options offer unique wealth-building potential Strategic diversification is key to long-term financial success Explore alternative investment opportunities like sustainable teak forestry - a generational wealth strategy that offers: Low entry point Long-term growth potential International diversification Whether you're a seasoned investor or just starting out, these insights will help you make more informed, profitable real estate decisions. Resources: Learn more about the teak tree investment opportunity at Gremarketplace.com/teak Show Notes: GetRichEducation.com/555 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. 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” 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: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold, learn how to reduce a giant operational expense that you'll have over time your tenant vacancy and turnover, including how many units you must own before you hire your own on site property manager as your employee. Whatever happened to agent commissions in light of last year's NAR settlement, then a timely update on teak tree investing today on Get Rich Education. Mid South home buyers. I mean, they're total pros, with over two decades as the nation's highest rated turnkey provider. Their empathetic property managers use your ROI as their North Star. So it's no wonder that smart investors just keep lining up to get their completely renovated income properties like it's the newest iPhone. They're headquartered in Memphis and have globally attractive cash flows and A plus rating with the Better Business Bureau and now over 5000 houses renovated their zero markup on maintenance. Let that sink in, and they average a 98.9% occupancy rate, while their average renter stays more than three and a half years. Every home they offer has brand new components, a bumper to bumper, one year warranty, new 30 year roofs. And wait for it, a high quality renter. Remember that part and in an astounding price range, 100 to 180k I've personally toured their office and their properties in person in Memphis. Get to know Mid South. Enjoy cash flow from day one. Start yourself right now at mid southhomebuyers.com that's mid south homebuyers.com You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Welcome to GRE from Manchester, New Hampshire to Manchester, England and across 188 nations worldwide, I'm Keith Weinhold, and you are back inside one of America's longest running and most listened to shows on real estate investing. This is get rich education. What's all that stuff really mean? I'm just another slack jawed and snaggletooth podcaster, a shaved mammal with a microphone. I'm joining you from here in London, England this week for the first time ever on the show. More on that later. Let's talk about reducing the biggest operational expense that you're ever going to have as a real estate investor, at least the one that you can exert a good measure of control over. That is reducing your tenant vacancy and turnover, that constant menace. Now, I suppose you might say that property tax is your biggest ongoing ops expense, but you've got less control over your property tax rate. So yeah, we're talking about increasing your net income by lowering your VIMTUM operating expenses. Vacancy is the V in that acronym. This is big because this can make or break your ability to have your property create positive cash flow and getting tenant turnover right both increases your income and reduces your expenses. It is springtime currently, and it's soon going to be summer, so it is the right time to talk about this. It's when there is more tenant turnover. The goal here is for you to really move the dial in increase the likelihood that your tenant is going to renew their lease. Now, sure if your tenant gets a new job out of town, they're going to move out. But if they're moving because of too many maintenance issues, well then that's something that you could have fixed. The average tenancy duration in the US over time is two to three years. And of course, that's going to be longer in single family rentals and shorter in apartments. And how long your tenant stays is driven by three factors, the price of your unit, the quality of your maintenance and the quality of your management. Let's say that your tenant moves out. To be conservative, that your vacancy period is two months between tenants. Okay, that's the turnover and the time to lease. It two months is a somewhat longish vacancy period. But come on, it happens sometimes, especially if you're going to make upgrades between tenancies and you're busy with other things in your life, if you have a move out every year at that rate, well, that is too often. That would amount. To a vacancy percentage of 14% you might think it's 17% but it isn't, because it's a 12 month vacancy plus two vacant months, all right, but if instead that tenant moves out every two years, that's just 8% vacancy, and every three years that's just 5% vacancy. Of course, if you keep your vacancy period to only one month rather than two, you can have all those numbers. You can really see how you are increasing your income by retaining the tenant. The most vital thing for you to keep in mind is that fast quality maintenance and good communication are by far the best forms of customer service that a property manager can provide, so prompt, quality maintenance. That's a retention strategy. Being a proactive helps. One strategy you can engage in is to reach out to the tenants two months before their lease is set to renew, and that's the time to give them the new lease price and ask them if they intend to stay. If they say, No, they're not, ask them why. And occasionally, you can sway them if there's been a misunderstanding in your relationship, for example, a lingering maintenance issue that hasn't been addressed, and perhaps they didn't bother to contact you about that, if nothing else, I think I mentioned this to you one time before offering a small reward, like a gift card helps. I mean, creating this sense of reciprocation is really one of the best retention tactics out there, even if the items being reciprocated aren't anywhere near equal value, like the value of a 12 month lease versus you giving them, say, a $50 gift card now, say you've tried those strategies, and none of that works, and your tenant does decide to leave, perhaps 45 days from now, but you know that you've got time in your life to turn over the unit now, and You know that you're going to be really busy with other things in 45 days. One thing that you can do then is shift your strategy to pay the tenant. Say you can pay them as little as 10 or 20 bucks a day to leave early. This way they'll vacate during a period where you've got the time to devote to the vacancy and the turnover and the showings to prospective new tenants, and that way, it's not going to linger vacant as long now, a technique like this is a little similar to an eviction, where if a tenant has violated their lease or becomes non paying, without you having to go through the length of Your court driven formal eviction process, you can pay them a lump sum to leave early. Hopefully that's not your situation, but that can come up. And I think you've heard of it before. This is known as the Cash for Keys strategy. That means to get a tenant that's made some violation against their lease, and you want to have them vacate the unit sooner. This means that you get the keys in your hand and the right to enter when you pay them to leave, rather than having to go through the not so fun eviction process and see a tenant wants to avoid a formal eviction as well, because that goes on their record, and then it can make it tough for that tenant to get rental housing elsewhere. But I dislike the Cash for Keys strategy in order to hold off from a formal eviction, because what that does is that rewards a person that violated a lease, although we know that that might also shorten your economic vacancy period, and it could actually be economically beneficial to you, Cash for Keys. It's just not ethical, though. I know it might be tempting for you, the landlord, the cash for key strategy. It rewards societally immoral behavior. Now, of course, you might be using a professional property manager that does all of this stuff for you, like I do today, but still, these are often the best practices for your manager. And I started out self managing, just like a lot of real estate investors do in the beginning, and that's where I learned strategies and techniques like this for reducing your tenant vacancy and turnover. Now, here's a really interesting question that you may not have had to ask yourself yet, but you may down the road, if you've grown your portfolio to a certain size and you're serious about reducing your vacancy and turnover expense, it might be time to ask yourself one big question, and that is for your management and maintenance. Should you use contractors, or should you start to hire your own employees? Now, if you have a small portfolio, it won't be enough work for you to keep an employee busy, so you should go with contract. Contractors. On the other hand, if you have an apartment complex with on site property management, I would definitely recommend having a make ready crew on site, because it's just so easy for them to get to and from a job site. Now, you should still maintain relationships with contractors as a backup, of course, and you should also have specialists like plumbers, electricians and HVAC people ready to call now, most investors are small and they use off site management, but if you grow big enough someday, or maybe it's two day, the important point about employees is that you really need to stay on them, because every extra hour costs you. You don't want anyone out there who's thinking that speed isn't essential, because they're like, ah, you know, I get paid by the hour. Contractors, on the other hand, they quote you or your manager a job up front. So while an extra day hurts because it's one more day you can't lease the unit, it hurts less than it does if you have your own employees. One problem with contractors is they often can't start right away, and this tends to be more true if you're self managing. See if you use a professional manager. They might have their own in house people so you can leverage their employees without having to manage employees yourself, even if your manager brings in an off site contractor, like an electrician or a plumber. Well, that contractor probably gets a lot of business from your property manager, and they have some sense of loyalty to your property manager, therefore, they're incentivized to show up on time faster than if you're trying to self manage, say, your small portfolio of five properties, and you or your tenant are the ones that call the electrician or the plumber. Well, those contractors are going to be less likely to prioritize you and your infrequent requests, and this is just another reason that I like to employ professional management and not self manage. Now, virtually no new real estate investor is going to hire their own employees, and most are never going to at all. All right, but how do you know? How would you know when it's time to hire your own property manager or your own contractor, and have them on your own payroll and you are their boss, if you've got under 20 to 30 units, all right, typically third party property management or self management with contractors, that's going to make more sense, because having a full time, dedicated employee, it's just not financially justifiable. Below 20 or 30 units, you're not going to be able to keep that employee busy. And I'm generally talking about if you have one apartment building here, or a bunch of single family rentals, only if they're in small, close proximity to each other. What about if you grow up to 30 to 60 units? All right now you're in a gray area. If the property is something that's pretty management intensive, like high turnover, or you own an older building, or you generate a lot of work orders, or you're in a challenging area. Well, at 30 to 60 units, you might justify a part time on site person. So how that could practically work in this 30 to 60 unit gray area, what you can do is have a resident manager that gets free rent, plus perhaps a small stipend from you. Okay, so that's a strategy that you can play in this gray area zone. That way they can be responsive to tenant requests, and you can keep your vacancy and turnover costs down. All right, how about when you're going even bigger and you reach 60 to 100 units. Now you're in the range where a full time on site manager or a maintenance person, starts to make financial and operational sense, because here it's 60 to 100 units. Your staffing model, it might be that you have one full time manager, they do the leasing, the tenant relations, in the admin stuff, and you'll also have a second person, a full time maintenance tech if they're needed, all right? And the final tier here, if you reach more than 100 units, oh, okay, now it is standard for you to have a full on site team. You could be in the hundreds of units. So we're talking about a property manager, a leasing agent, a maintenance lead, a groundskeeper and sometimes also a part time assistant manager. So that's it. That's the hierarchy of how, based on your portfolio size and where they're located, how you can serve tenants well and reduce your vacancy and turnover expense. Yes. All right now, what are some things that can shift those thresholds, those unit counts? Well, high rent or luxury buildings, they often need on site staff at a smaller unit count, very low rent or section eight properties, they may need more intensive oversight, buildings that have amenities, like some of these newer apartment buildings that have a pool and a gym, okay, that can trigger some more staffing needs. And if you own multiple properties that are nearby to each other, well, then you can share employees across those properties. And you've got to look at local labor costs in places like New York City, northeastern New Jersey, parts of New England, Miami or LA, those high cost places. Then breaking even on staffing. That probably takes a bigger property than those numbers that I talked about. But here, we tend to invest in those investor advantage areas, the inland northeast, the South, in the southeast, in the Midwest. Now, if you've got, say, even 50 smaller properties, but they're scattered all over the place, in multiple states, well then of course, you're not going to hire employees. A good general metric to leave you with here is that one on site employee for every 50 to 80 units that you own in the same area, that is common, that is a common industry practice in market rate multifamily apartments right now, these are pretty timeless strategies I've been talking about with you here. As for what's happening in The market lately, I continue to slowly get more optimistic about the long beleaguered apartment market. A few weeks ago, I talked about how there's finally been greater apartment rent increases, although those rent increases are still historically low. What recently we learned that apartments are seeing a longer duration of tenancy and today, per real page, every single one of the 50 largest apartment markets has posted month over month occupancy gains, and then that's somewhat commensurate with what we're seeing on the one to four unit side, because the home ownership rate has fallen. It just fell from 65.7% down to 65.1 quarter over quarter. Now that doesn't sound like much, but that's actually a substantial drop in the home ownership rate in just one quarter. And fewer homeowners means more renters. So this basically means that the percent of Americans, renting has gone up because you just take the flip side of those numbers. So the rentership rate has essentially risen from 34.3 up to 34.9 in just one quarter. Something that completely makes sense, because we all know that home ownership affordability, especially for that first time, home buyer is lower, more renters. Is good for rental property owners. It's bringing more rental demand, more occupancy and more future pressure on rising rents. Now I want to follow up with you on a story from last year that made a lot of waves in the larger real estate world, but not so much for real estate investors. You surely remember this. That is the NAR settlement that a lot of people thought would result in lower real estate agent fees. Lowered commissions were coming. That's what everybody thought last year. Stories about that were all over the place that realtor fees are about to shrink. What's happened since then? Well, not much realtor fees, they still haven't fallen in any significant way, although the settlement was more than a year ago and this went into effect nine months ago. So to back up for a moment, in case you missed it, what happened is that a group of sellers accused the NAR, the National Association of Realtors, of inflating home costs by letting buyer side and seller side agents communicate about commission rates on the MLS home database, which only agents can see. And a jury agreed, so the NAR settled the lawsuit for over $400 million in damages, and it barred agents from sharing commission rates on those MLS databases. So that was a huge change that was expected to extinguish the globally high five to 6% realtor fee in the United States, because global averages are between one and 3% so as a result, the US real estate industry, they were bracing themselves for up to a 30% drop in the commissions that Americans pay annually in fees. But the new rules. Things have been nothing other than a big nothing burger. It only took a matter of weeks, really, for most agents to realize, you know, what did the agents do? They just simply moved their conversations off the NAR website and over to phone, text and email. That's it. Yes, that's all they did. So since that time, the average commission for buyers agents has barely budged. It ticked down less than 110 of 1% so for example, it ticked down less than 500 bucks on a 500k home that's per Redfin. So agents still expect sellers to pay five to 6% now I'm not against agents. Not only can an agent guide you through the process, what they can do is get you a higher sale price than they could have otherwise, because they really know how to market and advertise your property and reach a greater pool of buyers, but their commission rates have hardly budged. And of course, here at GRE marketplace, we typically use a direct model where agent compensation isn't priced into your properties anyway. To review what you've learned so far today, being proactive can help reduce your tenant vacancy and turnover expense and increase your income. Prompt, quality maintenance, that is a retention strategy in itself, as can having one on site employee for every 50 to 80 apartment units. And one year later, changes at the NIR really haven't reduced aging commissions appreciably. I'm coming to you from London, England today, taking in all the top sites, Buckingham Palace and watching the changing of the guard over there, Big Ben a Thames river cruise and the London Bridge, which is actually called Tower Bridge. The real estate transaction that I'm currently involved in here is paying $550 a night to stay here at a nice hotel in the center of the city. It's right near the Thames, kind of a steep rate, and I sure didn't have to stay right in the city center, where everything is more pricey. But that's the experience that I want to have. Next week, I'll bring you the show from Edinburgh, Scotland, where I'll be paying even more for a well located hotel right on the Royal Mile, and I'll tell you how much more then I am here to boost their economies, I suppose more next, including a really timely update. I'm Keith Weinhold. You're listening to Episode 555, of get rich education. 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 pre qual and even chat with President Chaley Ridge personally while it's on your mind, start at Ridge lendinggroup.com. That's Ridge lendinggroup.com. You know what's crazy? Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing. Check it out. Text family to 66866, to learn about freedom. Family investments, liquidity fund again. Text family to 66866. Tom Wheelwright 24:21 this is Rich Dad advisor, Tom wheelwright. Listen to get rich education with Keith Weinhold, and don't quit your Daydream. Keith Weinhold 24:37 Welcome back to Episode 555, of get rich Education. I'm your host, Keith Weinhold, with an episode number like 555, you would expect me to go deep with you on real estate pays five ways, but we did that five weeks ago on episode 550 with your audio masterclass right here on the show today, we're talking about something with less upside. Than say that or the inflation triple crown, and instead on reducing your downside, vacancy and turnover expense, next week here on the show, I expect to sit down with a guest that's a highly regarded financier and author of a fairly hot new finance book, Christopher Whelan, and next week's show could get really interesting, because I've heard Chris say something about how real estate prices could fall back to 2020 levels. In my opinion, that is so many levels of unlikely that happening is about as likely as your grocery bills falling back to 2020 levels. So we'll see it could turn into a debate next week with Christopher Whelan and I. He is a sharp, well informed guy that also used to work at the New York Fed. That's next week down the road, longtime and former co host of the real estate guys radio show, Russell gray will join us again here, and we'll see what he's been up to in his post real estate guys, radio life that's coming up in a few weeks. Lots of great future content here, monologs, yes, those slack jawed monologs For me, repeat guests and new guests joining in as well. Back to this week now, there's an intriguing and potentially lucrative investment that we've discussed on the show here before, and I do have a timely and crucial update about it. A little while back, I sat down with the teak operations principle when we were in New Orleans together. These are yes, those Panama teak tree plantations that so many of you have already invested in. Yes. So as it is here. I am an American in London today talking about teak trees in Panama and I interviewed our upcoming guest here when we were in New Orleans together, the teak investment has a long time horizon, because trees have to grow. There's also a low cost of entry and no loans available. This is a real estate investment. You can own the land with the title to it and the trees that grow on top of them. Historically, teak returns have been five and a half percent, which doesn't sound like much, but see it grows in board foot volume at the same time that the unit price grows. And if inflation runs high over the next 25 years, your return might be higher. But the reason that we're discussing this now is because the principal, Mike Cobb here meeting with me, he is going to mention a price, and this is key two weeks from today, on June 9, the price for the teak parcels increases substantially. I'll tell you about that shortly. So for GRE followers, you can get locked into the lower price for just two more weeks. Here's my chat from a little while back with the teak tree investment principle, and then I'll return to bring you more. Hey, did you know that you can own a quarter acre parcel of a producing teak plantation, you own the title to the land, and you get the growth in the trees. On top of that, this is something that you can do as an investor. And teak trees are a valuable hardwood that you own, typically in Central America. So there's a very low cost of entry to this investment, and that's what attracts a lot of people to it. And I am with Mike Cobb, the CEO. He's also the author of the new book how to buy your home overseas and get it right the first time. But Mike, a lot of people are interested in the teak investment because it is so approachable. Tell us about it. Give us a general overview. Mike Cobb 28:42 absolutely, you know, thanks for having me on. It's always nice to be with you. We're, we're having some fun here in New Orleans, which is terrific, you know, yeah, the teak plantation is something that I envisioned back in 1998 so what's that like 26 years ago? Right? And in 1999 we planted our very first 100 Acre teak plantation. Because what we thought about at the time, which has now proven true 25 years later, is that, you know, I was either going to need the money in 25 years and be really glad I did this, or I wasn't going to need the money in 25 years and I was going to be really glad I did this. You know what? I don't really need the money now, but I'm really glad I did this. And 25 years comes. And I think that's been really the challenge for a lot of people looking at teak. They're just like, ah, 25 years. It's too long, but 25 years comes. 25 years will come, and you can either have planted the trees and be ready to take this huge windfall of return, or you won't be getting a windfall return. So I think that's the challenge, the mental challenge, I think maybe an average investor has, but I know you work with superior investors because they're paying attention to what you're writing, they're watching your podcast, they're reading your newsletter. You have far superior investors than I would say, the average investor. So I think this is a great thing for folks to check out. Keith Weinhold 30:00 All right, so you're talking about the investment timeline, from the time a tea tree seed is planted until the harvest time that can feel like quite a while. You have been doing this over 25 years, and that is key when you as an investor go offshore or go overseas to have trust in a stable company that's been around for a long time. That's why, really, you're one of the few people that I work with who are outside of the United States real estate like the teak trees. Mike Cobb 30:25 Thank you. Yeah, we've been around for 31 years. I've been working in the region. 31 our development company is 28 years old. Our plantation is now 26 years old. 25 with the trees, but we bought the land 26 years ago. But the bottom line, you're right and and the other thing that we should care about. And you brought this up earlier, when we're kind of chatting, is country, what country are you planting trees in that you got to wait 25 years for them to mature and harvest? By the way, the Panama. By the way, Panama, and of all the countries in the region where I feel the most comfortable as an investor, Panama's yet, because Panama's got the canal. And I know people say, oh, yeah, that's right. It's a vital strategic US interest. It's a vital world interest. The Chinese care about it as much as we do. The Europeans care about it. Anybody who wants commerce to happen cares about that canal being open. And so you've got this country, Panama, that has the canal stable, economically stable, politically stable. And when starting to talk about 2550 7500, year time frames, because you own the land, you get the harvest in 25 years, you replant, and then your children get the next harvest, and your grandchildren get the next harvest. It is truly generational wealth. Stewardship Keith Weinhold 31:41 Panama is a little bit like investing overseas with training wheels on their well developed, first Central American nation. They even use the United States dollars. They do is that familiar? Absolutely well. But as the investors thinking about investing in teak plantations, just tell us about the properties of teak wood, of all wood types. Why teak? Tell us about the value there. Mike Cobb 32:00 Yeah, teak has been grown in plantations, starting with the British back about 400 years ago. And so you've got centuries of plantation growing of teak as a crop, right? And so you've got this incredible longevity of information and things like that. And I know some of the stats off the top of my head, since 1972 the average price of teak lumber has has risen about five and a half percent a year over a 52 year period. Talk about track record, centuries of growing as a crop, right? 52 years as a lumber commodity. Look, people been using it to make ships. Its hardness is its most valuable characteristic is an extremely hard wood. It's resistant to rot fungus, so it's used in outdoor furniture, for example, right? Some of the stuff on the Titanic they pulled up from the bottom of the ocean, you know, chairs made a teak, right? Teak. But ship builders fine furniture, outdoor furniture and and they're cutting teak down. This is so important, they are cutting teak down eight to 10 times faster than anybody in the world is replanting it. So just imagine what that does to supply and demand and prices based on just basic economics, right? Keith Weinhold 33:13 Yeah, that is some scarcity. That is a really good point. Tell us about what you're surely interested in. What do the investor returns look like. Mike Cobb 33:21 Yeah. So you know, to own one of these quarter acre parcels, by the way, you said it before you own the land, you get title to the land you own the trees. $6,880 that's your that's your entry. Gosh. So for less than $7,000 you own a quarter acre of teeth trees that in 25 years projected returns. We all projections right about $94,000 a little over $94,000 so 7000 turns into $90,000 over 25 years, harvest, plant the trees again, and in 25 years, your kids or your grandkids will get the next harvest, and so on and so on. It is a powerful generational wealth stewardship. In fact, right now we have what we call give the gift of teak because look, you know, you got kids, you got grandkids. What are you gonna get them? Right? I mean, they got everything they want, presumably, right? You buy them a teak parcel, right? Buy that kid, buy that grandkid, a teak parcel. What a cool idea. Oh my gosh, in 25 years, you might be gone, right, but they're gonna get this big windfall, and they're gonna thank grandma or grandpa, right for for thinking of them 25 years into the future? Keith Weinhold 34:27 Yeah? Oh, I love that. And you're so proud about what you do. You regularly offer investor tour so that they come and see the teak. But maybe you know, for you, the investor, you're wondering, okay, if you're used to investing in us real estate, you might be making two leaps here. You'd be going from residential real estate to agricultural, and you'd also be investing in a nation outside your home country. And when it comes to those sort of questions, I think any savvy investor asks, okay, what are the risks involved with this investment? Can you tell us about that? Mike Cobb 34:59 Yeah, sure. Look, you've got political risk, country risk, political risk, which, I think again, of all the countries in the region, Panama, dollar, economy, canal, safe, stable. So the political risk is minimal. It's there. It's real. You know, fire risk is an issue, right? Trees burn. The good thing about teak is that after about year three, they're up. And you keep them trimmed, trim all the low branches off. So fire risk really drops incredibly low after about year three or four. But ultimately, it's about professional management. We have a company called Heyo Forrestal that we hired 25 years ago, 26 years ago, actually, to help us find the land, do the analysis of the land, make sure it was good for teak. And when you hire professionals, you get professional results. I mean, we stayed with this company for 26 years now, and the guy that we met early on, a little forestry engineer, is now General Manager and partner in the business. So we've watched that business grow up alongside ours at the same time. Those relationships, you know, Dolly Parton and Kenny Rogers have a song you can't make old friends. So here we are with Jacobo and some of the Luis that we've worked with for, you know, 26 years, and the relationships matter, especially in that part of the world, but professionalism and professional management is the key, and you have that alongside the relationships. Both are important. Keith Weinhold 36:20 yes. So we're talking about how the property manager is such an important part of your team, and you think about your single family homes or your apartment buildings. And Mike here is talking about the importance of professional management, because teak trees need a little management and pruning, and sometimes there are thinnings which can give you some income so that you don't have to wait 25 years. Correct another way in which you might not have to wait 25 years for the full harvest cycle is at times you can buy trees that are, say, already seven years old, so you can only be waiting 18 years, or that are teens, so you might only be waiting 10 years, or some things about that, those are some of the options. But Mike, before I ask you if you have any last word, if you want to learn more about this, get some information, learn more about it, and learn how to connect with Mike's team. He is one of our GRE marketplace providers, and he's the owner of that company. You can do that at gre marketplace.com/teak, any last thing someone should know about teak before they consider investing? Mike? Mike Cobb 37:16 Yeah, well, two things you mentioned the tour. So we do run discovery tours. We have one coming up in January, end of January, two days, we go out to the plantation, the teenage teat plantation, by the way, oak, which is eight or nine more years to harvest. Then we're going to the sawmill, because all of our logs go through a sawmill to convert to lumber, which enhances the return to the investor. Keith Weinhold 37:36 Do the teens sleep until noon? Or can we visit them Mike Cobb 37:38 and then they're on their phones all day If we're gonna go visit them. We'll wake them up and, like, get on their phones. But here's, here's the last parting word. I think it's scary for a lot of people. It is scary. You're going overseas, you're outside of, you know, residential you're going into a new industry. You're going to a new country. The reason this works for so many people, over 1000 now, have done this, is it's such a small bite, $7,000 and if that's maybe one or 2% of your portfolio, what I hate to say, put it on the table and roll the dice, but you'll be happy you did. I'm happy I did. It's a small bite, but that international diversification is so important. And then you put it in something that's absolutely not correlated to the market. It's not correlated to us real estate. I mean, in 2008 to 2012 when real estate was dying in the US, our trees just kept growing. So non correlated, non US, right? And non residential. I think that's the reason you want to take a little tiny piece of your portfolio and put it overseas in something like teak. Keith Weinhold 38:42 We know over the long term that it has grown in value 5.5% a year, but at the same time, it grows in volume, in the amount of board fees you're getting a crease, an increase in both unit value and volume. It's really growing a couple ways. At the same time, you've had over 1000 different individual investors invest in the teak now, several dozen, maybe even more than 100 of those have been you the get rich education follower. So again, thanks for joining me, Mike. If you want to learn more, start at gre marketplace.com/teak. I'm Keith Weinhold. I'll see you next time. Yeah, good information from Mike there again for GRE followers, that 6880 price deadline is Monday, June 9, and then it goes to 8680, that is a 26% price increase, and this is because land and planting costs have skyrocketed. And you know, I have long wondered about when they were going to change that same lower price that they've had for a lot of years. The provider recently added a sawmill to convert logs to lumber, and that enhances investment returns. So when you inquire for more info, you can ask about that, and that could very well put them above the 94k per part. Possible projected payout. Teak, hardwood, it just has some amazing physical properties. It's not your run of the mill. Backyard. Maple, it is a real asset. Think of it as a forest that fights back against Fiat and the provider reputation and continuity are almost impeccable. They've even had the same forestry manager, yeah, sort of like a property manager for trees, because trees take things like prunings and thinnings, the same manager for all 26 years of the teak operation. In the future, I might join one of their teak investor tours in Panama, and if I do, I'll be sure to let you know so that we can meet up that might even be a GRE exclusive tour. What you really need to know now is that, again, the lower price is good until Monday, June 9, to get started or simply learn more, visit gre marketplace.com/teak, that's t, e, a, k, until next week, I'm your host. Keith Weinhold, don't quit your Daydream. Unknown Speaker 41:10 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 get rich Education LLC exclusively. Keith Weinhold 41:34 You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access and it's got pay walls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why 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 because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter. You also get my one hour fast real estate video. Of course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text gre 266, 866, while it's on your mind, take a moment to do it right now. Text, GRE to 66866. The preceding program was brought to you by your home for wealth, building, getricheducation.com
The Doorway Effect: this explains why you forget why you went into a room immediately after you enter. According to cognitive neuroscientist Christian Jarrett, the doorway effect phenomenon happens because our brains naturally compartmentalize activities and information based on rooms or specific places. Real Estate tips if you want to update or sell your home: The Top 10 Features That Sell Homes for More Than ExpectedRemodeled 3.7% moreSoapstone 3.5%Wet room 3.3%White oak floor 3.2%Teak 3.1%Venetian plaster 3.0%Outdoor shower 2.8%Renovated 2.7%New appliances 2.7%A dock 2.7%Source: ZillowA Dating App that won't let you see the other's face for 72 hours: It's called Tribal and it was created by clinical psychologist Rachel Harker to encourage singles to focus on more than what someone looks like so they can form deeper, more meaningful connections.Second Date Update: Jackson and Letty go on their first date. However, Letty was disappointed when they met in person. Was it something to do with his looks?
is.gd/alcarria | Molchat Doma, Qrion, Sunset Wave, akiaura x LONOWN, BICEP & ELIZA, Disco Feelings, Jessy Mach, Tommaso Conforti, Teak, MAGNAVOLT, MASKED, Macroblank 🔊 Podcast: https://is.gd/alcarria 📻 Radio: RUAH 🌐 Alcalá de Henares (Madrid) 🖱️ www.ruah.es 🗓️ MIE 17:00h Radio Malva 104.9 FM 🌐 Valencia 🖱️ radiomalva.org 🗓️ DOM 18:30h Radio Kolor Cuenca 106.2 FM 🌐 Cuenca 🖱️ www.radiokolor.es 🗓️ JUE 15:00h Cuac FM 103.4 FM 🌐 Á Coruña 🖱️ cuacfm.org 🗓️ VIE 17:00h Onda Cabanillas 107.0 FM 🌐 Cabanillas (GU) 🖱️ aytocabanillas.org 🗓️ MIE 21:00h
Rod and Karen respond to listener feedback. Twitter: @rodimusprime @SayDatAgain @TBGWT Instagram: @TheBlackGuyWhoTips Email: theblackguywhotips@gmail.com Blog: www.theblackguywhotips.com Teepublic Store Amazon Wishlist Crowdcast Voice Mail: 704-557-0186 Live Show Link – https://www.blumenthalarts.org/events/detail/the-black-guy-who-tips-liveGo Premium: https://www.theblackguywhotips.com/premium/See omnystudio.com/listener for privacy information.
Friday – We talk drones...again. John Morgan for governor? No 1st degree murder in NY? Prime Time Kitchen with Orlando Weekly Restaurant Critic Faiyaz Kara; Red Light Red Light, Lorelei wine bar, and an untimely end to Jasper, formerly Teak. Plus another simulated kidnapping. Plus, JCS News, Sink or Sail, Embers Only, JCS Trivia & You Heard it Here First.
At the last second, and at great expense, Jay and Allen "briskly" give you a Week 10 preview. Oh, and I guess a couple of fairly-significant trades happened Give us a follow and a like and please give us a 5-Star review on Apple Podcasts and Spotify You can submit questions to our mailbag anytime via our Discord Channel or Twitter. || FHFH Twitter || FHFH Discord || FHFH Patreon || FHFH YouTube ||
Join Rick Thomas from YachtingUSA as he hosts Richard Strauss of Teakdecking Systems in an insightful discussion at METSTRADE in Amsterdam. They dive deep into the 35-year partnership between Teakdecking Systems and Nautical Structures, discussing the value and quality of teak decks. Richard shares the unique features of their teak decking process, the global teak market, sustainability efforts, alternative wood products, and the increasing importance of composite materials in the industry. The conversation also touches on the state of yacht building and refit industry in the U.S., the importance of having a global presence, and future trends. Don't miss this deep dive into the world of premium yacht decking! To contact Richard Strauss: https://www.linkedin.com/in/richard-strauss-82425926/ For Teakdecking Systems: teakdecking.com @TeakdeckingSystemsInc - Facebook @Teakdecking Systems, Inc. - LinkedIn @teakdeckingsystems - Instagram @TeakdeckingSystems - YouTube @teakdecking.systems - TikTok For METSTRADE: metstrade.com @Metstrade - Facebook @metstrade - Instagram @metstrade-worldwide-events - LinkedIn Proudly sponsored by ATPI Travel: atpi.com @atpiyacht - Instagram @atpi - LinkedIn To contact Rick Thomas: Email: Rick@rt-yd.com LinkedIn: https://www.linkedin.com/in/rick-thomas-51909821/ #TeakDecking #YachtingUSA #YachtingInternationalRadio #WeRYIR #SustainableYachting #YachtInnovation #MarineCraftsmanship
Reaching your income needs without working all the time— That's every entrepreneur's dream, right? Finding a way to comfortably meet your enough number so that you can be the spouse, mother, daughter, or friend you dream of being. Katie Lamb did just that. After launching a successful, and profitable, photography business straight out of college, Katie began to ask herself how she could achieve the same profit with less time investment? With a growing family and a desire to be fully present, Katie began brainstorming new revenue streams that would continue to provide for her family without requiring more time away.Pricing for profitability, running a 6-figure photography business, launching a course, & hiring tips— all inside today's episode.WILDFLOWER SHOWNOTES : shannaskidmore.com/katie-lamb
Join us as we dive into the qualities of Acacia and Teak wood and their unique roles in Vietnamese furniture making. Discover the ideal settings for each wood type, as well as our experiences at Mondoro, where we prefer Teak for outdoor pieces and Acacia for indoor decor. Learn about the factors influencing these choices and why each type excels in its own space. To read more, click here to explore "Is Acacia Wood As Good As Teak Wood? Our Experience."#FurnitureDesign #Woodworking #InteriorDesign #HomeDecor #SustainableFurniture #AcaciaWood #TeakWood #FurnitureTips #GlobalTradeGalSupport the show
When choosing wood for furniture, two popular options often come to mind: Acacia and Teak. Both types of wood offer unique characteristics and benefits, making them ideal for different applications. In this episode, we explore the origins, manufacturing processes, and key differences between Acacia and Teak. Listen to gain valuable insights, or read more by clicking here.#GlobalTradeGal #AcaciaWood #TeakWood #WoodFurniture #FurnitureDesign #InteriorDesign #SustainableMaterials #WoodworkingSupport the show
Die Firma Sharewood hat weltweit 3000 private Anleger und Firmen um 100 Millionen Franken abgezockt. Die Behörden wussten von den Machenschaften, schritten aber jahrelang nicht ein. Ausserdem im «Kassensturz»: der Kampf mit der IV. Und im Test: Handstaubsauger. 100 Millionen verschwunden – Behörden verschlafen Riesenschwindel Die Schweizer Holzhandelsfirma Sharewood hat weltweit 3000 private Anlegerinnen und Anleger sowie Firmen um 100 Millionen Franken abgezockt. All diese hofften mit Investments in Teak-, Balsa- oder Eukalyptusbäume, etwas für den Umweltschutz zu tun, und gleichzeitig ihr Vermögen zu vermehren. Doch grösser wurde einzig das Konto der cleveren Sharewood-Vermarkter. Die Zürcher Staatsanwaltschaft und die Finanzmarktaufsicht Finma wussten von den Machenschaften, schritten aber jahrelang nicht ein. Der Frust unter den Anlegerinnen und Anlegern ist gross. IV-Ärger – Mutter kämpft für ihr Mädchen Ein zwölfjähriges Mädchen erkrankt schwer an Long Covid. Das einst aufgeweckte Kind kann das Bett kaum mehr verlassen, ist völlig entkräftet. Die Mutter beantragt bei der IV einen Rollstuhl. Doch die IV verweigert das rund 20'000 Franken teure Hilfsmittel mit der Begründung: Das Mädchen brauche den Rollstuhl ja nicht, um in die Schule zu gehen. Der Amtsschimmel wiehert. Denn das Kind kann seit eineinhalb Jahren gar nicht mehr zur Schule gehen, weil es so erschöpft ist. Die Mutter verfasst Rekurse, kämpft, erst dann bekommt sie recht. Das Mädchen bekommt am Ende den Elektro-Rollstuhl. Test «Handstaubsauger» – Der Schrecken aller Staubkörner Schnell ist es passiert: Die Haferflocken-Packung fliegt quer über den Tisch, der Inhalt verteilt sich auf dem Boden. Gut, wer da einen Handstaubsauger zur Seite hat. Zehn dieser kleinen Dinger hat «Kassensturz» testen lassen. Mit ernüchternden Resultaten: Nur gerade zwei schneiden mit «gut» ab. Bei etlichen hingegen wird mehr Staub aufgewirbelt als letztendlich im Beutel landet. «Darf man das?» – Müssen Eltern Kindern ein Studium finanzieren? In der Serie «Darf man das?» beantwortet «Kassensturz» Rechtsfragen aus dem Alltag. Zum Vorlesungsbeginn brennt eine Frage unter den Nägeln: Wie lange müssen Eltern für die Ausbildung ihrer Kinder aufkommen? Müssen sie ein Studium finanzieren? Und darf das Kind das verlangen? Darf man das?
Die Firma Sharewood hat weltweit 3000 private Anleger und Firmen um 100 Millionen Franken abgezockt. Die Behörden wussten von den Machenschaften, schritten aber jahrelang nicht ein. Ausserdem im «Kassensturz»: der Kampf mit der IV. Und im Test: Handstaubsauger. 100 Millionen verschwunden – Behörden verschlafen Riesenschwindel Die Schweizer Holzhandelsfirma Sharewood hat weltweit 3000 private Anlegerinnen und Anleger sowie Firmen um 100 Millionen Franken abgezockt. All diese hofften mit Investments in Teak-, Balsa- oder Eukalyptusbäume, etwas für den Umweltschutz zu tun, und gleichzeitig ihr Vermögen zu vermehren. Doch grösser wurde einzig das Konto der cleveren Sharewood-Vermarkter. Die Zürcher Staatsanwaltschaft und die Finanzmarktaufsicht Finma wussten von den Machenschaften, schritten aber jahrelang nicht ein. Der Frust unter den Anlegerinnen und Anlegern ist gross. IV-Ärger – Mutter kämpft für ihr Mädchen Ein zwölfjähriges Mädchen erkrankt schwer an Long Covid. Das einst aufgeweckte Kind kann das Bett kaum mehr verlassen, ist völlig entkräftet. Die Mutter beantragt bei der IV einen Rollstuhl. Doch die IV verweigert das rund 20'000 Franken teure Hilfsmittel mit der Begründung: Das Mädchen brauche den Rollstuhl ja nicht, um in die Schule zu gehen. Der Amtsschimmel wiehert. Denn das Kind kann seit eineinhalb Jahren gar nicht mehr zur Schule gehen, weil es so erschöpft ist. Die Mutter verfasst Rekurse, kämpft, erst dann bekommt sie recht. Das Mädchen bekommt am Ende den Elektro-Rollstuhl. Test «Handstaubsauger» – Der Schrecken aller Staubkörner Schnell ist es passiert: Die Haferflocken-Packung fliegt quer über den Tisch, der Inhalt verteilt sich auf dem Boden. Gut, wer da einen Handstaubsauger zur Seite hat. Zehn dieser kleinen Dinger hat «Kassensturz» testen lassen. Mit ernüchternden Resultaten: Nur gerade zwei schneiden mit «gut» ab. Bei etlichen hingegen wird mehr Staub aufgewirbelt als letztendlich im Beutel landet. «Darf man das?» – Müssen Eltern Kindern ein Studium finanzieren? In der Serie «Darf man das?» beantwortet «Kassensturz» Rechtsfragen aus dem Alltag. Zum Vorlesungsbeginn brennt eine Frage unter den Nägeln: Wie lange müssen Eltern für die Ausbildung ihrer Kinder aufkommen? Müssen sie ein Studium finanzieren? Und darf das Kind das verlangen? Darf man das?
On this week's episode we get back in the saddle with the Three Amigos - Ross Shares stories of his travels - Colton Brings Home An Unexpected Surprise - Jess has big news for short people #newhome #LGBTQ+ #Travel #Woodwork #MakersPodcast
Dean chats with Roy and Brian from Aldik Home Furniture as they discuss the build of their pieces as the store is a furniture store paradise! Dean provides a caller dealing with termites in her home and what method of exterminations are out there; a whole house tenting or on-spot treatment approach. Roy and Brian chat about high quality teak outdoor furniture. Dean shares a video on socials on a piece of work from the Aldik Furniture store to showcase its craftsmanship.Brian talks about the strongest outdoor umbrella and is now available at Aldik Furniture that has been tunnel tested. Plus, Dean recaps on outdoorliving.
Are you up for the time and energy it takes to keep your teak looking fabulous or does avoiding teak maintenance all together seem like a better option for you? The best part about life on your boat is that you have options. There are amazing varnishes out there for your environment and boats with little to no teak to maintain. Let's chat about it! Follow @thatboatbabe on instagram for personal videos of what teak maintenance looks like.
Ever wondered what happens when the experts you work with collide? In this episode of Who You Work With Matters, we bring together Aaron Levine of LG Insurance and Joseph J. Asterita, Esq. of Asterita & Associates for a dynamic discussion on a critical new law impacting New Jersey real estate. Starting March 20, 2024, a game-changer takes effect: full disclosure of flood history and potential future flood risk becomes mandatory for all real estate transactions in the state. This new legislation, signed by Governor Murphy in June 2023, significantly impacts both buyers and sellers. Tune in as Aaron and Joseph, a seasoned insurance professional and a legal expert, unpack the specifics of this new law. Learn how it affects your real estate business, whether you're buying, selling, or acting as an agent. Don't miss this insightful episode - your understanding of the new flood disclosure law and its implications could impact your next real estate move! And to further dive into the topic, join us for a special event: Flood Disclosure Day Happy Hour & Networking Wednesday, March 20th at 5:30 PM at Teak in Red Bank RSVP: https://www.eventbrite.com/e/flood-disclosure-day-happy-hour-networking-tickets-827143708097?aff=oddtdtcreator Mingle with fellow professionals, gain valuable insights, and celebrate the launch of this critical new regulation. Don't miss this opportunity to connect and stay informed!
Owning raw land, timberland, and farmland is often the domain of the wealthy. This is partly because it is difficult to obtain loans for this property. Today, we discuss an income-producing timberland that also tends to increase in value. For under $7,000 you can own quarter-acre parcels of producing teak trees in Panama and Nicaragua. You can invest yourself. All at once, this provides diversification with a hard asset in a foreign nation and a different product type. Over a twenty-five year period, each $7K quarter-acre teak parcel is projected to return $94K. You get title to the property. Learn more at: www.GREmarketplace.com/Teak With ownership of two quarter-acre parcels, you can qualify for a second residency in Panama for under $22K with legal fees, etc. A SFR does not grow into a duplex. But teak trees grow in volume while its unit price typically appreciates. Teak price growth is historically 5.5% annually. I've met the company CEO and Chairman in-person. This provider has offered this opportunity for 24+ years. They've recently added a sawmill, increasing profits. What are the risks of teak tree investing? Disease, pests, fire, geopolitics and more. They are proven mitigation plans. In-person teak tours for prospective investors are offered. Trees grow through recessions, COVID, market cycles, and Fed rate decisions. Learn more about teak tree investing at: GREmarketplace.com/Teak Timestamps: Welcome to Get Rich Education (00:00:01) Keith Weinhold introduces the podcast and emphasizes the importance of real estate and financial information. The US economy and land ownership (00:01:44) Keith discusses the strength of the US economy and the importance of diverse and resilient real estate portfolios. America's top 100 landowners (00:02:29) Keith talks about the largest landowners in America and the reasons why land ownership is often associated with the wealthy. Investing like a billionaire (00:05:32) Keith introduces the topic of investing in producing land and the benefits of owning producing land. Introduction to ECI Development (00:06:21) Keith introduces Michael Cobb and discusses the company's projects in Latin America. Marriott resort project in Belize (00:07:08) Mike talks about the construction of a Marriott resort in Ambergris Key, Belize, and the challenges of financing such projects. Development and tourism in Belize (00:08:37) Michael Cobb discusses the development and popularity of Ambergris Key, Belize, and the involvement of major hotel brands. Teak tree parcels investment (00:11:30) Michael Cobb explains the investment opportunity in quarter-acre teak tree parcels and the generational wealth stewardship associated with it. Reasons for teak investing (00:14:05) Michael Cobb discusses the reasons why people are interested in teak investing, including hard asset diversification and international residency opportunities. Cash flow cycles and teak investment (00:16:42) Michael Cobb explains the 25-year cash flow cycle associated with teak investments and the generational income potential. Optimal growing conditions for teak (00:19:26) Michael Cobb discusses the optimal growing conditions for teak and the physical growth of the trees. [End of segment] Teak Plantation Locations and Growth (00:19:42) Discussion on the optimal locations for teak growth and the historical track record of teak price growth. Teak Price Growth and Business Plan (00:20:44) The historical 55% annual increase in the value of teak and the business plan's conservative approach to teak price growth. Physical Properties and Residency Opportunities (00:21:33) The value of teak and the opportunities for achieving residency in Panama by owning teak. Residency and Citizenship (00:24:33) Differentiating between residency and citizenship in Panama and the process and benefits of obtaining permanent residency. Sawmill and Value-Added Component (00:27:56) The integration of a sawmill into the investment proposition and the value-added potential of processing teak into lumber. Sawmill Investment Opportunity (00:30:07) Details of the investment opportunity in the sawmill, including the expected return and investment structure. Risks and Mitigation (00:32:41) Discussion on the risks associated with teak plantation investment abroad and the mitigation strategies in place. Property Management and Tours (00:35:25) Outsourcing property management and the availability of tours to visit the teak plantations in Panama. Long-Term Investment Perspective (00:37:43) The long-term growth potential of teak investments and the comparison to the investment strategies of wealthy families and institutions. Earth's Highest Real Estate (00:38:11) Discussion about Earth's highest point, the equatorial bulge, and the location of teak plantations in Panama and Nicaragua. Investing in Teak Parcels (00:38:11) Information about purchasing teak parcels, the absence of loans, and the potential for building wealth through teak investments. Consultation Disclaimer (00:39:34) Disclaimer about seeking professional advice and the potential for profit or loss in investment strategies. Resources mentioned: Show Page: GetRichEducation.com/490 Learn more about teak investing: GREmarketplace.com/Teak 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 gray. I'm your host, Keith Reinhold. An affordable way to simultaneously invest like a billionaire. Get diversified in multiple ways with real estate. Help the earth. And if you prefer, even achieve residency in a second nation today and 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. 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. Keith Weinhold (00:01:16) - Make sure you read it. Text gray to 66866. Text gray 266866. Corey Coates (00:01:28) - 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 (00:01:44) - What category? From Sorrento, Italy to Sacramento, California, and across 188 nations worldwide. I'm Keith Reinhold, and you're listening to get Rich education the Voice of Real Estate since 2014. As we're two months into the year now and the US economy has continued to stay strong. Let me ask, how's your portfolio doing and how resilient is your real estate? How diverse is it? How would you grade yourself on those criteria? Donald Trump (00:02:17) - I would give myself, I would look, I hate to do it, but I will do it. I would give myself an A-plus. Is that enough? Can I go higher than that? Keith Weinhold (00:02:29) - Well, well, whether your, I guess, straight A's or not. Consider this land report.com. They recently published a report about America's top 100 Las donors. Now, Lynn could be vacant and nonresidential, yet have active ranching or agriculture or forestry taking place. Keith Weinhold (00:02:52) - That way the land produces something while it might increase in value at the same time. But the reason that often land is the domain of the wealthy is that it's harder to get loans for land, and therefore one must often pay all cash. Well, by the time they were done. Today, you'll learn about producing land that's actually available at such a low price point that alone typically is not required for you to buy it. In 2024, America's largest land owner is Red Emerson, and that's what the report found. Read and his family owned 2.4 million acres in California, Oregon and Washington through their Timber products company and the number since they became America's largest landowners in 2021, when they acquired 175,000 acres in Oregon from another timber company. Well, with that acquisition, the Emerson surpassed Liberty Media chairman John Malone's 2.2 million acres. And then in third place is CNN founder Ted Turner. Yeah, he's America's third largest landowner, with 2 million acres in the southeast on the Great Plains and across the West. And it was a few years ago now. Keith Weinhold (00:04:05) - It was 2020 when news broke that Microsoft co-founder Bill gates was America's largest farm land owner, with more than 260,000 acres. So the wealthy are attracted to real assets that can produce yield in something like land, which they aren't making more of. That's the backdrop for today. Surely we'll talk about income producing land, although most years it won't pay out and it's available to any investor, big or small. But before we do, let me share that. About ten days ago, I climbed up the highest point on Earth here while we're talking about non-residential real estate. Well, where was it? Where was I? Yes, I was on Earth's highest piece of real estate. Kind of a trivia question here, and I used to think that that must mean Mount Everest, but it's not. So there's a clue for you there. Where is Earth's highest point is you ponder that. I'll give you the answer later. Let's talk about investing like a billionaire with the opportunity to own producing land did it to you? We've discussed this topic before, but it's been quite some time and there have been some important updates, including a sawmill for the production timber. Keith Weinhold (00:05:32) - After success in the computer industry, today's guest formed ECI development in 1996. I suppose going on nearly 30 years now. He served on advisory boards for the Na as a resort community developer. They have projects in Belize, Nicaragua, Costa Rica, El Salvador, Honduras and Panama, and neighborhoods include homes, condominiums, golf courses and over five miles of beachfront. So they got some really beautiful properties. He and I first met in person in 2016. He and his family lived in Central America from 2002 to 2016. It's always fantastic to have back on grea, and I guess I must button up here because it is the chairman and CEO, Michael Cobb. It's good to be with you. Thanks for having me. Michael Cobb (00:06:21) - Back on the show. It's fun to have these conversations. I didn't realize we met in 2016. That's a little while ago. Keith Weinhold (00:06:27) - Yeah, it has been eight years. Yes, we met in the region then down there and Mike's about the most relatable and down to earth guy that you can find and literally down to earth is. Keith Weinhold (00:06:41) - Besides the resort development, you've made it easy and inexpensive for investors worldwide to buy producing teak tree parcels. But before we discuss that, you've got a project that's drawn a lot of interest on Ambergris Key, Belize, which many of our listeners already know, that's Belize's largest island and its top tourist destination. I have visited and owned property there, and it's coming online next year. It's pretty exciting. Tell us about it. Michael Cobb (00:07:08) - It is exciting. It's been in the works for goodness, eight years. I think we signed our contract with Marriott maybe 7 or 8 years ago. We started construction just about a year ago last January. So almost exactly a year. Yeah, it's a marriott resort, 202 room oceanfront resort. It's fantastic. It will be done in August of 2025. Soft opening heart opening October 25th. So yeah, about 1618 months from now have this project finally finished. You know, the big challenging thing in this part of the world is financing. But it's really hard to get financing or affordable financing. Michael Cobb (00:07:42) - Let me say it that way. Yeah. And so we took our time and we would not start a project until it was fully funded. I think a lot of challenges are people start these projects are kind of betting on the. Com. Right. Oh well we'll figure it out later. And we don't operate that way. We've been around for yeah 28 years. And so we're very very conservative. And until we had all the money to build the hotel, the resort, we did not start. And so we kicked it off last January. It was just down there last week. Steel is arriving. The superstructure is already going up. Yeah, man. It's just so nice to see it really coming to fruition. But you know, it's prudence and patience to take our time, make sure we have all the funding and then launch so that what we start finishes. And that's really been our mantra for almost three decades now. Keith Weinhold (00:08:27) - Make it up, make it real, make it happen. In the largest town there on Ambergris Key, Belize, just a few decades ago, it was still this sleepy fishing village. Keith Weinhold (00:08:37) - And with the setting that that island has and all the great snorkeling and everything else, it's really become popular and is boutique hotels grew into larger hotels. Yeah, it was probably, what, ten years ago perhaps, that you saw some of these big brands start to take more of an interest, like Hilton and Marriott, in branding the buildings what is. Michael Cobb (00:09:00) - And, you know, I give a presentation called Why Belize, Why Right Now? And you nailed it there when you talked about the timelines. Right. And how a country or a region, it's not even a country in this case. Ambergris key. It's very specific. Right. How ambergris Key Belize has moved through this timeline, this path of progress. And at some point it goes from being a niche market or a no name market to a niche market, to a boutique market. And then all of a sudden, you're right, at some point the brand start to pay attention and then you move into popular acceptance and really mainstream tourism. And so, right. Michael Cobb (00:09:31) - The cruise ships started going to Belize about 15 years ago, which put Belize as a country into the mind of a more mainstream traveler. And then you're right, about eight, ten years ago, the brand started to pay attention. And we do. We have a Hilton, we have a curio by Hilton, we have an autograph by Marriott, our company, ECI. We picked up the best Western franchise, and so we operate a Best Western on the island for that middle class market. And then Marriott, obviously, for the very high end traveler who wants an oceanfront 4 or 5 star kind of property. So yeah, but the brands are paying attention. And by the way, we're just seeing the beginning of that happening. This popularity curve Belize has entered what I would call the fast growth period. And over the next five, maybe eight years, we're going to see incredible growth in the tourism industry. Airlift is up. JetBlue just started flying down. So we're starting to WestJet. So we've got Canadian Air. Michael Cobb (00:10:22) - We've got a discount carrier southwest. So when those things start to happen what you see is a market dynamism that's you know really it's exciting and it's going to change. Very, very rapidly. The pace of change is going to grow rapidly as well. So great time to look at Belize. If folks are interested in sort of that positioning in the path of progress in the marketplace. Keith Weinhold (00:10:43) - Each time I visit Ambergris Key, Belize, the level of development increase is palpable. And, you know, this is an opportunity for a US or Canadian buyer or a buyer from outside that nation to come in. And it's just a very easy step with the English language and the common law in Belize, where you can invest yourself in this Marriott project that Mike discussed. Now, Mike, a while ago, to change topics, you recognize that the world has been really deforested and losing its valuable teak hardwood forests so continuously since 1999, you've offered a program so that individual investors at a really affordable price. We'll get to that price later. Keith Weinhold (00:11:30) - They can own quarter acre parcels with the property deeded in their name, and reap the benefits and returns from the growth of the teakwood on top of the land. And now this is pretty novel, because for hundreds of years, only the hedge funds and super wealthy had access to an investment like this. So get us up to date with what you're doing on the teak hardwoods, because I know that so many of our listeners and viewers have already gotten involved. Michael Cobb (00:11:56) - They haven't really. Thank you for being one of the people who put the word out there. Right? Because most people don't even know you can own teak or let's just back it up and you say, own timber, right? You start there. You're right. Only the super rich land barons, hedge funds. Those are the people that have always owned timber for centuries. Right. And so I think in most people's minds it's like, oh, I can't even get there. How would I even do that? Right. Well, then you take it overseas and you take it into something very, very specific, like teak timber. Michael Cobb (00:12:25) - That's just not on anyone's radar. So. So you have done a great job. Thank you for getting the word out to just let folks know that this is something that they can do. So quarter acre teak parcels. We are now on our third plantation in Panama. We have one in Nicaragua as well. And so we're in our third plantation in Panama. Just because of the incredible number of folks, well over a thousand folks now who have decided they want to invest in own teak. You said something really interesting, Keith. You said you get to own the land, you get title to land and you get the harvest of the trees. That's absolutely correct. But it gets better because when the trees are harvested, they get replanted. And then the next generation of people your children, your grandchildren, whoever that might be, get the next harvest. But because you still own the land and the trees are replanted, a third harvest, you know, and a fourth harvest. So what you've really created with teak ownership is generational wealth stewardship. Michael Cobb (00:13:24) - And that is something that's just so far beyond the comprehension of so many people that it can be so easy and so affordable to do. Keith Weinhold (00:13:32) - I'm an investor myself in producing land like this in Latin America, so I know what some of my reasons are for being interested in this. And yes, it's more than the fact that I'm just a geography guy. It's the fact that I know I'm diversifying in multiple ways at the same time, a different product type in residential real estate. And I'm getting international diversification in a different nation, for starters. So are those some of the reasons that you see for why so many people are interested in teak investing like this? What are their reasons? Michael Cobb (00:14:05) - Yeah, I think you've nailed a big part of it, which is the hard asset. A lot of folks, your listeners, readers in the news that are right, I mean, hard assets are important. I hope more people recognize that. Right. And more and more people are, thank goodness. So hard. Asset real estate being this particular hard asset. Michael Cobb (00:14:22) - Right. And then the international diversification, one of the challenges we have is us, especially in Canadians to some degree, is that we kind of locked into the US system like we can own, say, Toyota stock, right? Japanese company, we can own Nestlé, a Swiss company, but generally we're doing it on the New York Stock Exchange. And so even if we own an international stock, it's still the US basket are still the Canadian basket that we hold it in. Right. And so when you physically own a titled property outside your home country, you have now truly diversified internationally. And there's a lot of prudence in that. And even just tiny little percentages of your portfolio, 5% of your portfolio, 10% of your portfolio outside your home country and hard assets is prudent because you want some other baskets for those nest eggs. Antiqued because it's such a low price point of entry with a huge yield, by the way, that it has become very, very popular for folks who want that international diversification in a hard asset. Michael Cobb (00:15:23) - But to have the true international diversification because it's a physical asset outside your home country. And then I. Just say this and we can pick up on the theme or not. The other reason that people are looking at teak in Panama and Nicaragua, by the way, both countries, is because of the availability or the qualification for a visa for a second residency. And a lot of times people look at that as a plan B, if we kind of think maybe the US is going off the rails or Canada or wherever your home country is at, or it could go off the rails. Doesn't have to be now. It could be going off the rails in the future. You sort of that Boy Scout mentality of, you know what, I want a plan B, and if we have a second residency outside our home country, we now have an option. If we don't like the way things are going or where they get to, we can actually pick up and we can move and we have the right legal right, because we have a residency to live in another country. Michael Cobb (00:16:17) - That's another reason that a lot of people have picked up the teak because it qualifies you for that residency. But I think the bigger reason is the international hard asset diversification. I think that's the leading reason people do it. Keith Weinhold (00:16:31) - I want to ask you more about the residency shortly, but tell us more about the investment. We're thinking about maybe capital growth as the trees grow. And then what about the income? Michael Cobb (00:16:42) - Sure. And so I think let me back it up. A lot of people think in cash flow cycles, right? If we have a job, we get paid every two weeks. You know, you have a lot of folks that have invested in properties. We get a monthly rent check, right? Or if we have stocks, maybe we get a quarterly or annual dividend. Right. So those are the what I would call the common time frames that we think about in cash flow. But what the Uber wealthy, what the hedge funds, what the family offices, what the endowment for places like Harvard, Yale, these big institution or big institutional thinkers have known for centuries is that there are actually other cash flow cycles that are largely ignored by the what I would say, the average investor. Michael Cobb (00:17:21) - And those cash flow cycles are much longer. Teak, for example, is a 25 year cash flow cycle, right? You plant the trees and in 25 years you harvest them. You plant them again, not them. You plant new ones, right? In 25 years you harvest those and then so on and so on. So what you're creating is this 25 year cash flow machine. Now the kinds of returns are truly outsized. I mean you're talking about double digit ers. Now a lot of people say, well Mike, that's great. But what happens if I need the money in year 15? You can't have it because there is no money in year 15. Your trees are still growing, right? So it's this weird investment timeline. It's almost flatlined until the very end. And then it jumps way up and then it drops back down to a flatline again. And so it'd be silly to put tons of money into teak unless you had thousand times tons of money, right? But for some small piece of your investment portfolio where you have enough cash flow coming in from your maybe your job, your rent, your dividends, whatever, that a small piece that moves into this 25 year cash flow cycle with the thought process that this is how I steward wealth into the future, to children, grandchildren, great grandchildren, because the 25 year cycle is almost generational, right? In fact, in the US, it probably is generational because we're having children in the ages of, you know, 25 to 30. Michael Cobb (00:18:44) - So it kind of starts to line up with generational income as opposed to, you know, sort of that whatever biweekly, monthly, yearly income. So it's just a different cash flow cycle. Keith Weinhold (00:18:56) - That's right. And I brought up before that, when you think about the growth of one of your investments, you now get to think about it in two ways. If you own a duplex, it might have growth in its price. However, it doesn't grow into a fourplex and have growth in its price. However, with teak, you might have an increase in the value of the wood, perhaps on a board foot unit basis, and at the same time it is growing in height and volume. Michael Cobb (00:19:26) - Absolutely no. That's a cute way to say it. I never really thought about a duplex growing into a fourplex, right? That's good. Exactly. And so what you do, you're right. You have the physical growth of the trees. And we have located our plantations in the optimal growing conditions, fatigue. And they are very known. Michael Cobb (00:19:42) - Right? I mean, the British started plantation growing teak 350 almost 400 years ago in Southeast Asia. And so the Brits have just meticulously kept statistical records of every plantation that they were involved with the altitude, soil type, rainfall, temperature, on and on and on. And so it's really well known exactly where teak will grow well, and both where we have our plantations, it does Nicaragua and Panama, and we'll stick on Panama today, but the locations are dead center bull's eye locations for the best optimal growing of teak. So you have this growth of a physical thing, right. But you mentioned the board foot price. And by the way, the track record on teak being grown in plantations is 350 years. So what a track record, right? But since 1970. Two. The average price of teak over 5152 years has been 5.5% a year. That's the growth in the price of teak, right? And so you know who knows the future, right? I mean, the future is the future, right. Michael Cobb (00:20:44) - But if a 50 year track record on a 5.5% increase in the value of the teak itself is pretty powerful, right? That's the long track record of nice growth. And when we factor in our teak into our business plan, we take that 5.5 and we make it zero. We just say, what if there is no increase in the price of teak over 25 years? How much will the tree grow? And if that tree is cut down and is sold as lumber? When we'll talk about our Solomon in a minute. If that tree is sold as lumber, what's the value of that lumber today? And what will the tree be worth in that value 25 years from now? And so if things do continue to increase at 5.5% a year, that's just all gravy. And that just starts to take that rate of return and just ratcheted up even further. Keith Weinhold (00:21:33) - Teak has a number of physical properties that make it valuable, from its beauty to its fire resistance and more. Mike has now touched on a few interesting things. Keith Weinhold (00:21:44) - We'll come back and talk about that soon, including how you can achieve residency in Panama by owning teak, what the risks are, and more about their sawmill that he just mentioned, adding value to the operation there. And then we're going to talk about what the prices are. We're talking with ECI Development Chairman and CEO Michael Cobb more when we come back. I'm your host, Keith Wynn. 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. Keith Weinhold (00:22:52) - 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. If you want to invest where I do, just go ahead and text family to six, 686, six. Role under this specific expert with income property, you need Ridge Lending Group and MLS for 256 injury 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 Charlie Ridge personally. They'll even customize a plan tailored to you for growing your portfolio. Start at Ridge Lending group.com Ridge lending group.com. Speaker 5 (00:23:49) - This is the Real World Network's Cathy Fekete, and you are listening to the always valuable get Rich education with Keith Reinhold. Keith Weinhold (00:24:06) - You're listening to the SOS created more financial freedom for busy people just like you than nearly any show in the world. This is guitarist education. I'm your host, Keith Whitehill. We're talking with ECI development chairman and CEO Mike Cobb about teak hardwood investing in Panama and Nicaragua. Keith Weinhold (00:24:22) - Like, tell us more about how one can achieve residency, for example, in Panama if they own teak there maybe just how residency varies from citizenship? Michael Cobb (00:24:33) - Sure. Well, why don't we start with the second part, how residency differs from citizenship. And there's a good place to start. You know, citizenship is you become a citizen of the country. You have a passport, you can vote. You have every legal right of that country. Right. The decision would have residency to use a US term is like a green card, right? It's the legal permission to live in that country for some period of time. Many of them are permanent. In fact, Panama's is permanent. So once you have a Panama permanent residency, you could literally pick up, you could move there tomorrow, and you could live for the rest of your life in Panama. And so it gives you the legal right to live there. But you don't have a passport. You can't vote. I guess that's the main difference, right? You don't have a passport, you can't vote. Michael Cobb (00:25:18) - But for most people, in fact, the overwhelming majority of people, a residency delivers exactly what somebody wants, which is the ability to live somewhere. Right? And we don't care if we vote or not. I mean, right, we'd still be citizens of our home country, US, Canada, or wherever we can vote back home or citizen. We have our passport from those countries, but the right to live somewhere else is powerful. And so the teak in Panama qualifies you in two ways for two quarter acre parcels, and then the legal fees and stuff like that. It's just under 22,000. A little less gives you permanent residency in Panama. Right? That's such an affordable way to be able to I call it the back pocket. Right. The insurance policy or the plan B in the sense that, like, I think a lot of folks are worried about the direction things are headed. And, you know, you have the teak parcels, which are going to produce a tremendous return. And then this byproduct that you qualify for and you have to go, you have to get down there a couple times. Michael Cobb (00:26:16) - I mean, there's a little bit of administrative stuff, some legal fees, that's all included in that 22,000. Right. So that's all included. You have to go there a couple times. So there's a little bit of friction I would say. But when you get finished with that friction, you are a permanent resident of Panama and you only have to go there one day every two years. So you fly down every other year, whatever. Go, go talk to your trees, maybe sing to your trees a little bit, whatever you want to do and fly. All right. And you have a permanent residency. So it's a very easy, fast way to get that plan B now in the future, if you ever said, well, I really love Panama, I'd like to live here. Panama is beautiful. The city itself, it's got skyscrapers, apartments on the 50th floor of use or killer. You can be out on the beach or somewhere. You can be up in the mountains. So there are a lot of different climates and geographies in Panama where you might say to yourself, yeah, I think I want to come down here and live someday. Michael Cobb (00:27:09) - Well, you already have your residency. You already have the legal right to do that. Keith Weinhold (00:27:14) - Yeah, I mean, 100%. Now, Panama isn't predominantly English speaking like Belize is, but Panama just has a lot of inherent familiarity and feel to a lot of Americans. Since the canal is there and there is that strong American presence, and they've even dollarization their economy there, for example, in Panama. So it might be that nice plan B for you. And tell us more about the residency and the investment into the sawmill and how that works. So it sounds like there's now a value added component is you essentially vertically integrated and now have this sawmill with the teeth. Tell us more about that. Michael Cobb (00:27:56) - So we've always factored in the sawmill into the investment proposition. Because if we were to just take the logs for example, 25 years, you cut down the trees, you stick the logs in the container and send them off to China or India, which is where most of the logs go. The return on investments. Michael Cobb (00:28:13) - It's not great, it's okay, but it's not great. The way you actually get a phenomenal return on investment is you take those logs and you turn them into lumber, which has about a 3 to 4 x differential, or what we call first stage end product or simple end product, which would be something like flooring, which is basically lumber that's been finished one more level rooted and bulldozed so that you can put them together right on a wood floor. So those two modifications from the log all the way to the first degree of finished product, the returns start to really jack it up into that double digit IRR right over 25 years, which again is phenomenal. So we talked about price. But just to give an idea, a $7,000 quarter acre parcel at harvest turned into lumber and first level finished. Product turns into about $94,000, right? So 7000 turns into $90,000, which is a tremendous return. But the way you get that return is to deliver to the marketplace lumber and first grade finished product. And so Soma has always been part of our business plan. Michael Cobb (00:29:19) - Well, we are now two years away from our harvest on our first plantation, the one I planted back in 1999. Right? I mean, it's incredible thinking that, you know, 20, gosh, 24 years ago planted a teak plantation. So we're two years from harvest. We have one more set of kind of odds and end thinning of just trees that didn't quite grow. Right. We're going to use those thinning over the next couple of years to practice in our sawmill. Because you know what? We are going to make mistakes. I mean, you don't ever get it right the first time. So we're going to make mistakes. We're going to learn from them. And by the time we actually do the real harvest of that first plantation, 100 acres of teak, two years from now, we will be up to speed with our sawmill will size up, we'll capacity up to do that. But yeah, so folks can actually we have a $2 million opening in the sawmill. And it's a real simple formula. Michael Cobb (00:30:07) - It's two times your money and then a proportionate 10% interest in the sawmill. So for example, just rough numbers off the top of my head. You put in $100,000, you get twice your money back in about a 3 to 4 year period. As a sawmill really becomes operational. We take the first harvest, like the thinning, aren't going to produce much. In fact, we hope to just basically kind of break even over the next two years while we practice. Then we cut down 100 acres of teak. We start putting that through the sawmill, right? So you get two extra money, you invest 100 to get back to 100, and then your return would be about 13 or $14,000 a year. On going after that, because you get a 10% carried interest in the sawmill into the future as well. So that's the investment opportunity that produces a shorter cash flow, much tighter on the cash flow. But then a nice trailer for many years. But the investment is 100,000. So it's a more significant investment than, say, somebody wanting a little bite sized piece of a quarter acre parcel or two quarter acre type parcels paired with the residency that gets you that. Michael Cobb (00:31:13) - So a couple different levels of investment depending on what your goals are, but also what your timelines are. Keith Weinhold (00:31:19) - We described the sawmill investment numbers there. And then just to clarify, on the quarter acre parcels, they cost $7,000 each with an expected value or return of $94,000 after 25 years. Michael Cobb (00:31:37) - That's correct. 6880. I'm using round numbers, but 6880 is the quarter acre teak and right at harvest when it processes through the sawmill. A little over that, but $94,000 is returned to the investor along the way. I'll mention this. There are maintenance fees. It's about $150 a year. We just take a credit card. We just tap it once a year. That takes care of property taxes, thinning, cleaning, anything that they have to do with the plantation. So $150 a year, your maintenance fee. But yeah, 6880 turns into 94,025 years. If teak continues to go up at 5.5% a year, the return would be better than that. Keith Weinhold (00:32:16) - You probably have investors that come in oftentimes from North America, maybe some from Europe, and they see this as a really low cost of entry, $6,880 for one quarter acre parcel. Keith Weinhold (00:32:29) - So are there any risks that one should consider? Therefore, if they're a first time investor abroad, maybe something they're not thinking about if they buy a rental single family home in their own hometown? Michael Cobb (00:32:41) - Yeah. Very different. I mean, in some ways it's very different. In other ways it's pretty similar. Right. You're going to get title to the property. The process of getting title will be a little different. You're going to have to send in copies of your passport, a notarized utility bill. Just some things that you wouldn't have to do if you were buying a property in the States. But at the end of the day, you will get what's called Escritorio Publica public title. So it's a registered land deed. And so that part of it's all pretty similar risk factors. Absolutely. The business plan has them in there. But the big ones are any kind of disease. It's monoculture. So I mean a disease could come through and kill all the trees. Right. The good thing there is, again, teak has a 350 year track record of being managed and grown in plantations. Michael Cobb (00:33:24) - So it has a long track record where they've kind of figured out, well, if this happens, then do this or if this pest comes along. This is how we, you know, we mitigate that, but nothing can mitigate all risk. That fire is an interesting one. Fire is a risk in the first three years of teak. So we call it baby teak. But once the tea trees are 3 to 4 years old, they're really above any kind of fire. Because you clean the plantation and the guys are in there with the machetes chopping to keep the, you know, the brushed and grass down in the dry season, which, by the way, you mention the qualities of teak, the hardness of teak is actually the most. Prized quality. And so the hardest of the teak that we get will actually be taken and sold as marine lumber, which is an unbelievable differential in price. But only 5 to 10% of your teak would qualify as marine lumber. So it's a small percentage, but the value of that is very, very high because it's set to hardwood. Michael Cobb (00:34:20) - But the rest of the tree is also likewise very hard. The dry season is what cures the teak. And so in the dry season teak drops its leaves. And so it's very resistant to fire. If you do good maintenance on the plantation, we do so fires only a risk really in the first three years. And we actually warranty the trees of a fire comes through. In the first three years. We replant the plantation for any parts that are burned. So there's sort of a warranty that comes with the first three years. I mean, the other risks are political risk. What if Panama goes off the rails? The good thing about Panama, it's got the canal. And that is a major, vital strategic US interest. I just don't see the US letting Panama kind of go off the rails. But it could. But those I think are the three what I would call main risk factors. And we mitigate those to the best way possible. Keith Weinhold (00:35:13) - You heard Mike mention about the thinning and cleaning. Yes, there is ongoing management, but that is already handled and taken care of in any of the prices that you already mentioned. Keith Weinhold (00:35:24) - Is that right, Mike? Michael Cobb (00:35:25) - Yeah, correct. And we outsource to a company called Geo Forest. All Geo Forest, all. They've been our plantation manager from since 1999. And and they're phenomenal. What they do, their world class. They've been doing it for longer than 25 years, maybe 30 years at this point. But we outsource what we have to outsource because we're not management plantation managers. So we can find folks that are. Keith Weinhold (00:35:47) - The same property manager for a quarter century, a property manager that actually doesn't get fired. Hey, that's a novel concept. Two times two is what some investors back here in the U.S. are thinking with their residential real estate investments. If you want to learn more about this investment, I encourage you to check it out. You can do that through Gray Marketplace at Gray marketplace.com/teak. Mike, do you still offer tours. Michael Cobb (00:36:16) - Oh my goodness yes. And I hope that you will take us up on the opportunity to come down and see the dairy and province. But yes, we do. Michael Cobb (00:36:24) - And I don't know the dates off the top of my head, but for folks who are interested, uh, two things. One, we actually run a tour that's fun because it's a group of people and it's just, you know, you come down and you do it. But if somebody says, hey, I can't make those dates, but I want to come see the trees. Yeah, it's very reasonable. I think it's a couple hundred bucks. They pick you up at your hotel, they'll run you out to the plantation, bring you back. But it's a whole day. I mean, it's four hours outside of Panama City and four hours back, so it's a long day. And if it's a couple, it's still 200. It's basically for the vehicle out and back. Right? The driver and the vehicle. So you can come anytime or you can come with a group. And if you come with a group there is no charge. I mean, we get the van or the bus and we pay for it all. Michael Cobb (00:37:03) - And yeah, we make peanut butter and jelly sandwiches and we have fun. Keith Weinhold (00:37:07) - All right. Well, I think people have probably covered for the tea more than the sandwiches, but that is a nice touch that you do for people because you do that whether someone is a great investor or not, whether they haven't invested at all yet, and they just want to go ahead and check it out. And you can learn more about those dates at GR marketplace.com/teague Mike, it's always such a fun chat to discuss something so exotic. It's been great having you back on the show. Michael Cobb (00:37:34) - Nice to be back with you. I look forward to seeing you in Panama one of these days. Keith Weinhold (00:37:43) - Trees grow through recessions, they grow through market cycles, they grow through Covid, and trees just keep growing through every single fed rate decision. The wealthiest families on the planet, the top 1%. They have locked up vast portions of their wealth for timeframes even longer than the 25 year peak harvest cycle. In fact, Harvard has fully 10% of its endowment, specifically in timber. Keith Weinhold (00:38:11) - To follow up on what I asked earlier, as we're discussing non-residential real estate today, Earth's highest point above sea level is Mount Everest. The highest from base to peak is Monica. But Earth's highest piece of land, uh, the highest point is measured from the center of the Earth is Chimborazo Volcano, Ecuador. That's because Earth is not a perfect sphere. But there's an equatorial bulge. That's what I was climbing ten days ago. Earth's highest real estate, Chimborazo, was also there for the closest real estate to the sun and moon. But back down here at a lower elevation where the teak plantations are in Panama and Nicaragua, there are no loans for teak. But at prices under seven K, many GRI listeners have found that they don't need a loan and they have bought ten or more parcels. But you can buy as few as 1 or 2 a quarter acre teak parcels and then later cash it out for yourself or build that wealth legacy for your family. Kind of like the top 1%. If it sounds interesting to you, learn more. Keith Weinhold (00:39:22) - Get started at GR marketplace.com/t. Until next week. I'm your host, Keith Wild. Don't quit your day dream. Speaker 6 (00:39:34) - 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. The. Keith Weinhold (00:40:02) - The preceding program was brought to you by your home for wealth building. Get rich education.com.
Rowan enlists the help of the party in tracking an arrow from the crossbow that the shadow of Teak had pointed out the attic window. Bri and Star rejoin the party after their drunken adventures from the night before then quickly split again to retrieve their lost items from The Bag of Rocks in The Night Market.Check out our Patreon for ad-free episodes and bonus content!@wondernblunderTwitter | Instagram | FacebookCharacter art created by Mike Feehan @mikeseriously and Brepai @brepai_Ben was played by Mitchel BradburyBri was played by Ciaran Dyke @agentnumber0neCara was played by Kate ClarkRowan was played by Andy WoolridgeStar was played by RobertVaelin was played by Evan Walsh @evanPwalshYour Dungeon Mom is Mike Fardy @mikefardyEpisodes edited by Adam Clarke Get bonus content on Patreon Hosted on Acast. See acast.com/privacy for more information.
Iroko or African Teak is the featured species this month. Found all across tropical Africa, the Iroko tree is enormous producing wide and long boards. It is growing in popularity as an alternative to Teak due to its similar color. But Iroko is a great species all on its own for exterior and interior projects.
The guys discuss Justin's mostly naked honeymoon experience on a remote island, and he updates us on the status of Teak the cat's peen problems. A listener named Patrick writes in with a not-so-bad name suggestion for Christian's scratch bar idea. Finally, Casey calls in with a NY Jets/Taylor Swift-themed Would You Rather (and the guys tread lightly with their answers). See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Teak Barhaug is the past president of the Alaska FFA, a current student at the University Of Alaska - Fairbanks and a former resident of Wyoming. When Teak's father transferred to Alaska to finish his career in the National Forest Service it came at a bit of a price. Teak's mother, Kimberly, was a former FFA member, Teak's brother had been involved in the 4h and was progressing into the FFA and Teak had been involved in the 4H and was planning on progressing to the FFA. However, there was no FFA Chapter in Seward, where they would be attending high school. So, Teak and his family took it upon themselves to form an FFA Chapter. This happened with the minimum number of 10 members, and it took off from there. This escalated all the way to Teak serving as the state president of Alaska. During Teak's time in high school he worked in the agri-tourism industry, taking groups of tourists into the wilderness to pan for gold and teaching the how. Today, Teak is studying biology and botany in college and is loving the life he has found in Alaska.
Sunrise Life - beyond skin deep conversations with freelance nude models
Ann Teak is one of the rare professional models over 50, which makes her unique in our community. I had so many questions for her! She has modeled for film photographers back in her college days, but didn't serious about modeling until much later in life - after a career, marriage, a mortgage, having kids and all that! Hollywood film noire is one of her favorite genres, as well as artistic nudes. Ann loves modeling and takes really good care of her physical and mental health so that she can really bring value to a photo shoot. Human connection and love for art drives Ann to continue modeling. She does not like working with superficial people who tend to discriminate against her because of her age. Check out Ann Teak (formerly known as Vox Serene) on instagram! http://www.instagram.com/ann.teak.noire Ann is also on Model Society (the best website for figurative fine art nudes!) http://www.modelsociety.com/model/vieille-modele Cover image by Kevin Albinder
What began as a bespoke wedding gift service has now grown into a multi-million dollar business in the gifting industry hitting the Inc 5000 list in 2022. Veteran-owned, women-led, and 100% bootstrapped— a true rags to riches story. With an eye for curating beautiful goods to supporting other small businesses and now leading a team of 75+ “teakettes”, today on the show we have someone I believe we can all look up to, Torrance Hart, founder of Teak & Twine Gift Boxes.WILDFLOWER SHOWNOTES : shannaskidmore.com/torrance-hart
BOAT Briefing: Fort Lauderdale preview, the trouble with teak and Cecile goes cruising! In this week's BOAT Briefing, Cecile joins Stewart for a look at some of the new superyachts appearing at this year's Fort Lauderdale International Boat Show, which kicks off next week. The pair also discuss teak and why it's becoming problematic for the superyacht industry, as well as what alternatives exist on the market, from fake teak to cork. In the news is the sale of a new JFA Long Island 87 and the very first Atlantique 37 from Columbus Yachts. https://www.boatinternational.com/yachts/news/fort-lauderdale-international-boat-show-2023 https://www.boatinternational.com/yachts-for-sale/ice-bear-feadship-1988 https://www.boatinternational.com/yacht-market-intelligence/brokerage-sales-news/vitters-explorer-yacht-dardanella-for-sale https://www.boatinternational.com/yachts/news/jfa-yachts-long-island-87 https://www.boatinternational.com/yachts/news/columbus-yachts-atlantique https://www.boatinternational.com/yachts/news/feadship-project-822-transported BOAT Pro: https://www.boatinternational.com/boat-pro Subscribe: https://www.boatinternational.com/subscriptions Contact us: podcast@boatinternationalmedia.com
Curious about how to leverage the power of public relations for driving change? Join us as we chat with Jackie Russell, the dynamic founder and president of Teak Media, New England's only certified B Corp public relations firm. Jackie's passion for using her PR skills to help non-profits and responsible businesses grow is truly inspiring. Through her partnership with the Jimmy Fund of Dana Farber Cancer Institute, she has demonstrated the transformative impact of strategic PR efforts in promoting noble causes and impactful events.In our polarized world, the challenge for purpose-driven brands is real. Jackie brings her wealth of experience to shed light on these challenges and the responsibilities of businesses. She candidly talks about the importance of authenticity in marketing and the real danger of greenwashing. She also shares her insights about how vocalizing company values can attract both positive and negative attention. Moreover, Jackie reveals the significant role Teak Media plays in the National Conscious Capitalist Movement and the Boston chapter of Conscious Capitalism, reinforcing her belief in the power of businesses to be a catalyst for good. Tune in to hear from a seasoned PR expert who is making a real difference.Working with Project Bread, Massachusetts becomes fifth state to guarantee students access to free school meals for the 2022-2023 school year.Teak Media on Instagram, Linked In, Facebook, and Twitter Dirigo Collective Website
Welcome to our Podcast #4,067! Here's a link to our Costa Rica Pura Vida Amazon Products Store! Happy Shopping! https://www.costaricagoodnewsreport.com/costaricaproductsamazon.html You've GOT TO SEE our "Costa Rica Good News Report" Website: www.costaricagoodnewsreport.com Here's our NEW Costa Rica Good News Report YouTube Channel. Over 800 Short, Entertaining Videos that will get you excited about Costa Rica: https://www.youtube.com/@thecostaricagoodnewsreport/videos Want to become a RESIDENT of Costa Rica? https://www.costaricaimmigrationandmovingexperts.com --- Send in a voice message: https://podcasters.spotify.com/pod/show/costa-rica-pura-vida/message
Episode #182: “If you're a millionaire, or a billionaire, you want the best,” says Timo Schober, a German-based journalist who works at Papertrail Media, “and the best is natural grown teak [from Myanmar]...And that's what is driving the demand.”Schober joins the conversation along with Shirsho Dasgupta, an investigative reporter for the Miami Herald. They talk about the decimation of Burma's once vast forest lands which started during colonial times, and today is just 40% of what it once was.After the military coup in 2021, the US imposed sanctions on Myanmar Timber Enterprises (MTE), a military-linked corporation controlling the teak trade. Following a leak from Myanmar's tax department, the International Consortium of Investigative Journalists (ICIJ) collaborated with 39 media outlets to investigate teak exports and potential sanctions evasion, and their work is the subject of this episode.The international demand for high-quality teak remains strong, particularly among the ultra-rich. At least $400 million worth of teak has been exported since the coup, mainly to European and American markets.Traders argue that they don't buy directly from MTE but through private companies, and therefore their teak trade is legal. This creates complexities for customs officers in enforcing sanctions. Additionally, others believe their actions are legal as they bought teak before the sanctions, though officials state that the date of purchase does not exempt them.At the end of the day, Dasgupta reminds listeners that it comes back to finding a way to speak directly to the consumer about this murky business, as a way to discourage any involvement in teak. “A lot of luxury products that we covered, they do lead to conflict and the destruction of the environment, and we should keep in mind that even if we're not buying teak, we might be complicit in in other ways when we buy
A traveler happens into a restaurant that isn't what it seems. Auntie Teak appraises rare objects on the street. A podcaster finds out that his show podcast mates record a second podcast without him.Check out our Patreon! We have amazing swag and perks for our patrons: https://www.patreon.com/instantmicrowavefuzzWebsite: https://instantmicrowavefuzz.buzzsprout.com/Facebook: https://www.facebook.com/imfmauiTwitter: https://twitter.com/InstantFuzzInstagram: https://www.instagram.com/imfmaui/Support the show https://www.patreon.com/instantmicrowavefuzz Support the show
Welcome to our Podcast #3,664! Here's a link to our Costa Rica Pura Vida Amazon Products Store! Happy Shopping! https://www.costaricagoodnewsreport.com/costaricaproductsamazon.html You've GOT TO SEE our "Costa Rica Good News Report" Website: www.costaricagoodnewsreport.com Here's our NEW Costa Rica Good News Report YouTube Channel. Over 750 Short, Entertaining Videos that will get you excited about Costa Rica: https://www.youtube.com/@thecostaricagoodnewsreport/videos Check out our NEW COSTA RICA LOVE STORIES! There's ONE THING BETTER than falling in love. . falling in love in COSTA RICA! Here's the link: https://www.costaricagoodnewsreport.com/lovestories.html Want to become a RESIDENT of Costa Rica? https://www.costaricaimmigrationandmovingexperts.com --- Send in a voice message: https://podcasters.spotify.com/pod/show/costa-rica-pura-vida/message
Welcome to our Podcast #3,527! Here's a link to our Costa Rica Pura Vida Amazon Products Store! Happy Shopping! https://www.costaricagoodnewsreport.com/costaricaproductsamazon.html You've GOT TO SEE our "Costa Rica Good News Report" Website: www.costaricagoodnewsreport.com Here's our NEW Costa Rica Good News Report YouTube Channel. Over 720 Short, Entertaining Videos that will get you excited about Costa Rica: https://www.youtube.com/@thecostaricagoodnewsreport/videos Check out our NEW COSTA RICA LOVE STORIES! There's ONE THING BETTER than falling in love. . falling in love in COSTA RICA! Here's the link: https://www.costaricagoodnewsreport.com/lovestories.html Become a "COSTA RICA PURA VIDA" Brand Ambassador & Share the LIFESTYLE with EVERYONE! Here's the link: https://www.costaricagoodnewsreport.com/brandambassador.html Want to become a RESIDENT of Costa Rica? https://www.costaricaimmigrationandmovingexperts.com --- Send in a voice message: https://podcasters.spotify.com/pod/show/costa-rica-pura-vida/message
If you are in the business of getting goods from here to there, Teak probably has software that can help. Teak supports routed delivery of products like newspapers and dynamic distribution applications like courier operations, while managing all the tracking and control aspects throughout the process from the point of origin to the final delivery, with careful attention to accounting controls throughout.In this episode, we sit down with Teak CEO Fergus O'Scannlain, Director of Operations Nitin Kumar, and RouteSmart's Senior Business Development Manager Jason Fry to discuss the evolution of the business and how it is helping local businesses in communities across the country. Hosted by Senior Communications Manager Matthew Kemeny, the podcast talks about the need for a local e-commerce marketplace, delivery challenges, and how route optimization is key for financial stability.
Welcome to our Podcast #3,133! Here's a link to our Costa Rica Pura Vida Amazon Products Store! Happy Shopping! https://www.costaricagoodnewsreport.com/costaricaproductsamazon.html We appreciate your listening and hope you find the time to go through the 100's of episodes that we have recorded already. They're short, so listen to a few every day! I promise you will learn all you need to know about one of the happiest countries on the planet! Here's some links that will get you started in learning more about Costa Rica! You've GOT TO SEE our "Costa Rica Good News Report" Website: www.costaricagoodnewsreport.com Here's our NEW Costa Rica Good News Report YouTube Channel. Over 600 Short, Entertaining Videos that will get you excited about Costa Rica: https://www.youtube.com/@thecostaricagoodnewsreport/videos Check out our NEW COSTA RICA LOVE STORIES! There's ONE THING BETTER than falling in love. . falling in love in COSTA RICA! Here's the link: https://www.costaricagoodnewsreport.com/lovestories.html So many GOOD-NEWS stories coming out of Costa Rica. We'd love to share them with all of you! Way over 100 stories ready right now. Learn all about one if the Happiest Countries on the Planet. . Costa Rica! Here's a link: https://vocal.media/authors/skip-licht Become a "COSTA RICA PURA VIDA" Brand Ambassador & Share the LIFESTYLE with EVERYONE! Here's the link: https://www.costaricagoodnewsreport.com/brandambassador.html If you have an interest in becoming a RESIDENT of Costa Rica, we can help: http://www.costaricaimmigrationandmovingexperts.com --- Send in a voice message: https://podcasters.spotify.com/pod/show/costa-rica-pura-vida/message
It's take your podcast to work day! On this episode of #WASOC, Alex is finally back on the show and she takes us to her new job at Teak Neighborhood Grill in Metrowest. Not only are we recording live on location but we are there for their 13th anniversary celebration. Rocky talks about his interaction with his Onlyfans friends, Salty talks about our upcomming trip to colorado, and we catch up with Alex and see what she's been up to since we last saw her. And is there a challange that Rocky wants to take on at Teak?Welcome to the Chaos... Coconuts have water in them.
On this episode of The Cam & Otis Show we have Torrance Hart. She is the founder and owner of Teak & Twine, a specialty gifting company that makes gift boxes for people who are into products that are beautifully made, thoughtfully packaged and visually stunning. While she was serving in the U.S. Air Force, Torrance launched Teak & Twine. A born entrepreneur with a creative streak, she quickly knew Teak & Twine would soon become her full-time endeavor. After eight years of service, countless late nights reading business books and listening to podcasts on her way to work, Torrance took the leap and hasn't looked back. As always this show is brought to you by Tribe and Purpose. You've put the work in but you're not sure how to reap the rewards. It's time to focus on the success you have planned for yourself and your team.The Tribe + Purpose team can guide you to build on that success to have even more.Learn more at http://www.tribe-purpose.comCheck out her Website here: https://www.teakandtwine.com/Connect with Torrance on LinkedIn: https://www.linkedin.com/in/torrancehart/YouTube Link: https://youtu.be/h44Ht-t3LVg
Join Lori and her guest, Jackie Russell, as they talk about working with responsible companies. Jackie is the president and founder of Teak Media + Communication, which provides comprehensive, strategic public relations, and communication services to help socially responsible organizations achieve media and public recognition. Here are the things to expect in this episode: The value of working with companies that ACTUALLY help the planet and its people. Jackie's “lucky” experience of being able to take part in the Jimmy Fund. Being always up in arms about the right causes. And much more! Connect with Jackie! Teak Media and Communications: https://teakmedia.com/ LinkedIn: https://www.linkedin.com/in/jackieherskovitz/ Connect with Lori Kranczer! Website: https://linkphilanthropic.com Email: info@linkphilanthropic.com
In this episode of DIY Guitar Making, I answer YOUR QUESTIONS!To find the "DIY Guitar Making" podcasts AND videos all in one place visit:www.diyguitarmaking.comFor information on the Hands-on Guitar Building Workshops and online guitar building courses visit:www.ericschaeferguitars.com
Teak aus Myanmar sollte in Europa nicht mehr kaufbar sein, vor allem seitdem dort die brutale Militär-Junta regiert. Aber auf Bootsmessen in Deutschland und Nachbarländern tauchen Angebote für das begehrte Jachtholz auf. Investigativreporter Marcus Engert ist der Spur gefolgt, zusammen mit seinem Kollegen Benedikt Strunz. Wie kommt das Teak trotz Sanktionen in die EU? Wer zahlt die horrenden Preise? Und wer kassiert? Der Podcast zu der gesamten Recherche “Gestohlener Wald”: https://www.ardaudiothek.de/sendung/organisiertes-verbrechen-recherchen-im-verborgenen/85849836/ Zu dem konkreten Verdacht gegen zwei norddeutsche Holzhändler: https://www.ndr.de/nachrichten/info/Illegaler-Holzhandel-Norddeutsche-Firmen-unter-Verdacht,tropenholz120.html Benedikt Strunz spricht in einer anderen 11KM-Folge über die rumänische Holzmafia: https://www.ardaudiothek.de/episode/11km-der-tagesschau-podcast/holzmafia-der-grosse-wald-raub/tagesschau/12427433/ An dieser Folge waren beteiligt: Autor:in: Katharina Hübel Mitarbeit: Hans Christoph Böhringer Produktion: Fabian Zweck, Simon Schuling, Gerhard Wicho, Eva Erhard, Florian Teichmann und Konrad Winkler Host: Victoria Michalczak Redaktionsleitung: Fumiko Lipp und Lena Gürtler 11KM: der tagesschau-Podcast wird produziert von BR24 und NDR Info. Die redaktionelle Verantwortung für diese Folge liegt beim NDR.
Large scale deforestation, the lack of transparency on the status of forests, the problems of compensatory afforestation, and the dubious timber trail of Myanmar. These are all part of the findings of investigation Deforestation Inc — Indian Express' latest collaboration with the International Consortium of Investigative Journalists (ICIJ). In this episode, we speak to Indian Express' Ritu Sarin, Jay Mazoomdaar and Amitabh Sinha about these findings, and the problems within India's forest sector.Hosted, scripted and produced by Shashank BhargavaEdited and mixed by Suresh Pawar
Bei organisierter Kriminalität denkt man an Drogen und an gefälschte Produkte. Doch schon auf Platz drei der Statistik steht der illegale Handel mit Holz. Wer Holz verkauft, kann damit reich werden – so reich, dass Menschen dafür töten. Und die explodierenden Holzpreise verschärfen das Problem noch. Auf ihrer Recherche treffen die Autoren frustrierte Forstdirektoren, Ex-Mitglieder der rumänischen Holzmafia und Menschen, die sich in ihrem Dorf Kriminellen in den Weg stellen und deswegen krankenhausreif geprügelt werden. Und sie recherchieren zu skrupellosen Teakhändlern, die das seltene Teak aus Myanmar noch immer für Luxusyachten nach Europa exportieren – und so Millionen auf die Konten der Militärjunta im früheren Burma bringen, die dort eine blutige Diktatur durchsetzt. Die Reporter finden heraus: Der illegale Handel mit Holz findet vor unserer Tür statt, er wird kaum bekämpft – und er ist nicht geheim. Politik und Strafverfolgungsbehörden wissen davon. Im Rahmen eines internationalen Rechercheprojekts des ICIJ begeben sich die Autoren auf eine Spurensuche.
Bei organisierter Kriminalität denkt man an Drogen und an gefälschte Produkte. Doch schon auf Platz drei der Statistik steht der illegale Handel mit Holz. Wer Holz verkauft, kann damit reich werden – so reich, dass Menschen dafür töten. Und die explodierenden Holzpreise verschärfen das Problem noch. Auf ihrer Recherche treffen die Autoren frustrierte Forstdirektoren, Ex-Mitglieder der rumänischen Holzmafia und Menschen, die sich in ihrem Dorf Kriminellen in den Weg stellen und deswegen krankenhausreif geprügelt werden. Und sie recherchieren zu skrupellosen Teakhändlern, die das seltene Teak aus Myanmar noch immer für Luxusyachten nach Europa exportieren – und so Millionen auf die Konten der Militärjunta im früheren Burma bringen, die dort eine blutige Diktatur durchsetzt. Die Reporter finden heraus: Der illegale Handel mit Holz findet vor unserer Tür statt, er wird kaum bekämpft – und er ist nicht geheim. Politik und Strafverfolgungsbehörden wissen davon. Im Rahmen eines internationalen Rechercheprojekts des ICIJ begeben sich die Autoren auf eine Spurensuche.
How do you think and act like an owner as a marketer? Lisa Cox at Teak & Twine shares her approach and how it informs everything from coming up with campaigns to running revenue reporting. Highlights include:* Balancing business growth and personal goals. Lisa shares how her past experience as a business owner taught her how important it is to focus on business growth. Now that she's in-house, she finds ways to also drive personal growth and take risks.* Their most successful paid ad. It's a meme. Seriously. And they haven't been able to top it. Lisa shares how they develop creative concepts. They went too far but pulled it back and are striking the right tone.* B2B doesn't have to be boring. Beyond any one ad, they engage with the human-side of their prospects which include HR teams and other marketers. While also supporting a smaller DTC segment of their ecommerce business.* Expanding their definition of success. Strictly speaking, Lisa is responsible for sales pipeline. But she has gone rogue to build her own reports and track revenue since she knows what's what really matters. * Experimenting with ABM. Not wanting to invest heavily in data or tech, they found a scrappy way to experiment with ABM (account-based marketing) and achieved some pretty incredible results. Like a 50% meeting rate! Hear how.Find Lisa Cox: https://www.linkedin.com/in/lisa-a-cox/Find Teak & Twine: https://www.teakandtwine.com/
Join me live on our St. Louis properties webinar this Wednesday at: GREwebinars.com The Fed is out to crush lingering inflation. Coming rate hikes will likely lead us into a recession, if we're not there already. Home price gains have stalled. This is worse for sellers and better for buyers. Landlords are winning in today's market; renters are losing. CoreLogic's Single-Family Rent Index shows a 13.4% YOY national rent gain. Single-family rents are up $500+ over the past six years. For a long time, investing in hardwood trees was primarily for big money hedge funds and family offices. You can own the title to quarter-acre parcels with teak trees that grow on top of them for just $6,880. Timber prices are often counter-cyclical to markets. They keep growing through recessions, market collapses, and fluctuating interest rates. Teak hardwood has natural oils that make it fire and rot resistant. In Panama, they thrive where there is about six months of rain and then six months of dryness. The operator that I interview today has been involved with teak plantations since 1999. I first met him in-person six years ago. Learn more. Get the investor report at: www.GREmarketplace.com/Teak It costs $6,880 to own one new teak parcel. Optionally, you can own 16-year-old teak parcels for ~$20K. $6,880 is projected to grow into $94,000 over twenty-five years. Teak appreciates at 5.5% per year, 11% IRR. This is a remarkable way to own timber real estate and invest in another nation with a low cost of entry. They offer in-person teak tours in Panama. You can see your own trees. Resources mentioned: Get started with teak: www.GREmarketplace.com/Teak Show Notes: www.GetRichEducation.com/414 New—Join GRE Webinars: www.GREwebinars.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB's available Florida income property: www.jwbrealestate.com/gre or (904) 677-6777 To learn more about eQRPs: text “GRE” to 307-213-3475 or: eQRP.co Available Central Florida new-build income properties: www.b2rdirect.com Analyze your RE portfolio at (use code “GRE” for 10% off): MyPropertyStats.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don't Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold
Is your boat teak looking tired and dirty? Here's step-by-step instructions for cleaning your teak so it's as good as new. Links (Amazon links are affiliate links, meaning that The Boat Galley Podcast earns from qualifying purchases; some other links may be affiliate links): ScotchBlue Painter's Tape (Amazon) Small Foam Brushes (Amazon) Libman Scrub Brush Set (Amazon) Small Bucket for Water (Amazon) Wet Dry Sandpaper (Amazon) Sanding Blocks (Amazon) DeWalt Orbital Sander (Amazon) Subscribe to the Boat Galley Newsletter! Today's episode of The Boat Galley Podcast is sponsored by TeakGuardProducts.com. Looking to refinish your boat's teak with a minimum of mess and fuss? Look no further! Our non-toxic, water-based formulas for cleaning and finish will turn your teak from dingy to sparkling in no time. Use coupon code BG20 for 15% off your order of $50 or more. TeakGuard - admire your teak with less maintenance. Click to see all podcast sponsors, past and present. Music: “Slow Down” by Yvette Craig
Torrance Hart is the Founder and CEO of Teak & Twine. Formerly, she spent 7+ years in the Air Force. In this episode, we discuss: What Torrance learned in the military The steps she took to start a business The 4-day workweek adoption at Tweak & Twine Best tips for sending gifts to prospects & customers And much more... If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts? It takes less than 60 seconds, and it really makes a difference in helping to grow this show and find the best guests possible for you. Follow The Podcast: Apple/Spotify: Millennial Sales Twitter: TommyTahoe Instagram: TommyTahoe YouTube: TommyTahoe Website: Millennialmomentum.net
Our very FIRST guest on the podcast returns! Rachel joins us from the beautiful country of Belize, home of ECI Development.Are you NOT an accredited investor? Do you have LESS than $7,000 to invest? Then this may be the investment for you! AND this investment could lead to residency or citizenship in Nicaragua or Panama.Finally, both Rachel and I invest in this asset personally.Resistant to bugs, disease and weather, teak has been in high demand for centuries and a favorite investment of the top 1%!If you missed out on episode 1 with Rachel, you can check it out here.Helpful Resources:Additional info on Teak Guide to Understanding TeakConnect with Rachelinfo@teakhardwoods.comwww.wealthandfreedomnexus.com/eciStay connected with Wealth and Freedom Nexus!Instagram Twitter YouTube www.wealthandfreedomnexus.comWant to support the show? Buy me a coffee or become a Patreon member!As always, be sure to follow, subscribe, rate and share this podcast with other like-minded individuals who are in pursuit of wealth and freedom!
Today my guest is Amanda Holbrook with Specialized Trust. She has been a key account manager and has lived in the self-directed space for over 13 years. Not only has she connected with investors all over the country, but she also practices what she preaches by investing herself and has her kids investing in self-directed Roth IRAs. Or as Amanda describes those accounts…”TAX-FREE FOREVER!!”I myself opened up my Solo-401k with Specialized back in 2018 and since then I have invested in first position notes on real estate, private lending, note funds, trust deeds, a private company looking to go public in 2022 and even a TEAK farm in Nicaragua!Not sure if you should open an IRA or a Solo-K? Listen in for some of the pros and cons of both!Helpful Resources:Specialized Trust CompanyFacebook GroupFree Gift! – Specialized Trust Field GuidePeter Thiel's MEGA Roth IRA storyConnect with Amanda Call/text - 505-514-0587Email – aholbrook@irastc.comSchedule a one-on-one with AmandaStay connected with Wealth and Freedom Nexus!Instagram Twitter YouTube www.wealthandfreedomnexus.comWant to support the show? Buy me a coffee or become a Patreon member!As always, be sure to follow, subscribe, rate and share this podcast with other like-minded individuals who are in pursuit of wealth and freedom!