The Value of Property, Dollar Debasement, Inflation Benefits and Home prices! | Keith Weinhold

Summary

In this exhilarating episode of 'The Freedom Show' hosted by Flipping Danny, we dive into part two of our discussion with real estate investment maestro Keith Winhold. Keith shares invaluable insights on leveraging loans for rental properties to let tenants cover expenses, thus making you a beneficiary of inflation. We also explore Keith's journey from investing in a fourplex to building a formidable portfolio, highlighting the importance of relationship capital and strategic investing. Keith's unique approach to coining real estate investment concepts, like the 'Inflation Triple Crown,' provides listeners with a fresh perspective on generating wealth through real estate. Tune in for a masterclass on making informed investment choices and scaling your real estate journey.

Takeaways

• 🏠 The script emphasizes the importance of real estate investment as a hedge against inflation and a tool for generating passive income.
• 🤝 Highlighting the significance of relationships in business, it discusses the concept of 'relationship capital' and the value of long-term, win-win partnerships.
• 💡 Keith Winhold's approach to investing, focusing on understanding what real estate can do for you and the importance of market selection, is detailed.
• 📈 Discusses the inflation 'Triple Crown,' a strategy where real estate investors can benefit from inflation through asset price inflation, debt debasement, and cash flow enhancement.
• 🔄 The idea that the property itself is only the fourth most important factor in real estate investing, following personal goals, market conditions, and the right team.
• 💼 Presents the journey of Keith Winhold from starting with a fourplex to growing a significant real estate portfolio and establishing a successful podcast.
• 📊 Emphasizes the counterintuitive point that higher mortgage rates can correlate with higher home prices, challenging common perceptions.
• 🌍 The conversation moves towards the future, speculating on the possibility of a global currency and the continued importance of tech advancements.
• 🎙 The dynamic between the hosts, Flip and Danny, and their guest, Keith Winhold, showcases a mix of informative discussion and personal anecdotes.
• 🛠 Mentioned various real estate investment strategies and opportunities, including the Equity Advantage Series and tax benefits of investing in certain projects.

Q & A

What is the main financial advice given by Keith in the podcast?

Keith advises investing in rental property using a loan instead of paying all cash. This way, the tenant's rent covers the interest and other expenses, and the investor can benefit from inflation.

What concept did Keith coin related to benefiting from inflation?

Keith coined the term 'Inflation Triple Crown,' which describes how real estate investors can benefit from inflation in three ways: asset price inflation, debt debasement, and cash flow enhancement.

Why does Keith emphasize the importance of understanding what you want from real estate before investing?

Keith believes that understanding personal goals for real estate investing, such as seeking appreciation, cash flow, or tax benefits, is crucial in making informed decisions that align with individual financial objectives.

According to the podcast, what is often misunderstood about mortgage rates and home prices?

Keith points out a common misconception that higher mortgage rates lead to lower home prices. He argues, based on historical data, that higher mortgage rates have often correlated with higher home prices.

How does Keith prioritize the factors in real estate investing?

Keith prioritizes real estate investing factors as follows: 1) personal goals, 2) market selection, 3) the team of professionals, and finally 4) the property itself.

What is Keith's view on the importance of the market in real estate investment?

Keith believes the market selection is crucial in real estate investment because it determines the economic stability and growth potential of the investment, favoring markets with sustainable drivers like technology and medical sectors.

What does Keith suggest about property management in real estate investing?

Keith emphasizes the importance of a competent and communicative property manager as a key member of the investment team, crucial for maintaining and enhancing the value of the real estate investment.

What are the 'five ways real estate pays' mentioned by Keith in the podcast?

While not detailed in the transcript, Keith typically refers to cash flow, equity build-up, tax benefits, appreciation, and inflation hedging as the five ways real estate pays.

What advice does Keith give about property selection in real estate investing?

Keith advises to stop focusing primarily on the property and instead consider other factors like personal goals, market conditions, and team quality before selecting a property to invest in.

How did Keith start his investing journey, according to the podcast?

Keith started his investing journey by buying a fourplex, living in one unit, and renting out the others, eventually selling it to invest in an 11-unit property, thus beginning his investment journey.

Outlines

00:00

🏦 Real Estate Investing and Inflation

The paragraph discusses the benefits of real estate investing, particularly in the context of inflation. It emphasizes the importance of not paying all cash for a property and instead leveraging rental properties to benefit from inflation. The speaker introduces the concept of 'inflation triple crown' which includes asset price inflation, debt debasement, and cash flow enhancement. The paragraph also highlights the power of real estate as a vehicle to combat the detrimental effects of inflation.

05:01

🎙️ Keith's Podcast and Real Estate Education

This paragraph focuses on Keith's role as a real estate educator through his podcast, 'get-rich education'. It mentions the strong relationship between Keith and the hosts, who have been guests on his show for several years. The discussion revolves around the importance of relationship capital and mutual growth. Keith's trademarked phrases and his unique approach to real estate education are also highlighted, showcasing his significant influence in the field.

10:01

📈 Prioritizing in Real Estate Investment

The paragraph outlines Keith's advice on prioritizing aspects of real estate investment. He emphasizes that the property is only the fourth most important thing; the first is understanding one's investment goals, the second is selecting the right market, and the third is assembling a competent team of professionals. This hierarchy is crucial for strategic and successful real estate investing, and Keith credits other real estate experts for shaping his perspective.

15:02

💰 The Impact of Inflation on Real Estate

In this paragraph, Keith delves deeper into how inflation affects real estate investors, using the concept of 'inflation triple crown'. He explains how asset price inflation, debt debasement, and cash flow enhancement can be beneficial for investors. Keith uses a practical example of buying a property with a loan to illustrate how inflation can work in the investor's favor, enhancing cash flow while the fixed interest payments remain unchanged.

20:02

🌐 Globalization and the Future of Real Estate

Keith discusses the future of real estate and the global economy, predicting a global currency and continued globalization. He expresses his belief in the importance of understanding long-term trends like inflation and how they can be leveraged for profit. Keith also shares his personal preferences and experiences, providing a glimpse into his investment philosophy and outlook on the future.

25:04

🤝 Building a Network in Real Estate

The paragraph focuses on the importance of building a strong network in real estate, particularly the role of a competent property management team. Keith shares his insights on the common mistakes made by new investors and emphasizes the need to understand the market and the importance of having a reliable team. The discussion also touches on the value of learning from others' experiences and the significance of strategic investment.

30:06

🏠 Opportunities in Real Estate Investing

This paragraph discusses various real estate investment opportunities, including the Equity Advantage Series and Cottonwood Town Homes. The hosts highlight the benefits of these investment options, such as potential tax deductions and the ability to jump-start one's investment journey. They also mention the importance of aligning with a vertically integrated company that can manage every aspect of the real estate deal, from acquisition to property management.

35:06

📚 Keith's Real Estate Investing Wisdom

The paragraph summarizes Keith's key takeaways from the discussion, including the importance of understanding one's investment goals, choosing the right market, and assembling a strong team. It also reiterates the significance of leveraging real estate to benefit from inflation and the concept of the 'inflation triple crown'. The paragraph concludes with a reminder that the property is only the fourth most important aspect of real estate investing.

Keywords

💡Rental Property

A rental property refers to a real estate property that owners purchase with the intention of renting it out to tenants. In the context of the video, the concept is highlighted as a strategic investment that allows the property owner to cover mortgage and other expenses through the rent collected, thereby benefiting from inflation and generating passive income. It emphasizes how tenants can effectively pay the interest and other expenses, making the owner a beneficiary of real estate appreciation and cash flow.

💡Inflation

Inflation is discussed as an economic condition where the prices of goods and services increase over time, reducing purchasing power. The video specifically addresses how real estate investors can leverage inflation to their advantage, using strategies like the 'Inflation Triple Crown' to benefit from asset price inflation, debt debasement, and cash flow enhancement. This illustrates the power of real estate investments to serve as a hedge against inflation's negative effects.

💡Cash Flowing Rental

A cash flowing rental property is one that generates monthly income exceeding its operational costs and mortgage payments, leading to positive cash flow for the investor. The video highlights this concept as essential for investors aiming to leverage real estate as a vehicle for wealth accumulation. By focusing on properties that offer positive cash flow, investors can ensure that their investments are financially sustainable and contribute to their long-term financial goals.

💡Investment Portfolio

An investment portfolio is a collection of assets, including stocks, bonds, real estate, and other investments, that an individual or entity owns. In the video, the term is used to describe the diversified holdings of the guest speaker, emphasizing the significance of real estate within a well-rounded investment strategy. The portfolio is presented as a testament to the financial success and security that can be achieved through strategic real estate investments.

💡Property Management

Property management involves the operation, control, maintenance, and oversight of real estate. This term is crucial in the video as it discusses the importance of having a competent and communicative property manager as part of the investment team. A good property manager is essential for maximizing rental income, maintaining property condition, and ensuring tenant satisfaction, thereby playing a key role in the success of a rental property investment.

💡Real Estate Market

The real estate market refers to the market segment dedicated to buying, selling, and renting properties. In the video, choosing the right market is emphasized as one of the most critical decisions for real estate investors. It discusses how economic drivers, geographic location, and market conditions can significantly impact investment returns, illustrating the importance of market research and strategic selection in real estate investing.

💡Financial Freedom

Financial freedom is a recurring theme in the video, defined as the state of having sufficient personal wealth to live, without having to work actively for basic necessities. The video discusses real estate investing as a path to financial freedom, highlighting how strategic investments can generate passive income, allowing individuals to achieve their financial goals and live a life with greater choice and opportunity.

💡Podcasting

Podcasting is mentioned in the video as a medium through which the guest shares knowledge and insights on real estate investing. The video underscores the value of educational content and community building in the real estate investment sphere, with podcasting serving as a platform for sharing success stories, strategies, and lessons learned, thereby contributing to the listeners' knowledge and motivation to invest in real estate.

💡1031 Exchange

A 1031 exchange, mentioned in the context of the guest speaker's investment journey, is a swap of one investment property for another that allows capital gains taxes to be deferred. The video illustrates this concept through the guest's personal experience, showcasing it as a strategy for real estate investors to reinvest proceeds from the sale of a property into another, thereby optimizing their investment portfolio's growth and tax efficiency.

💡Investor Relations

Investor relations in the context of the video refers to the strategic management responsibility that capable real estate investment firms employ to communicate with their investors, explaining investment opportunities, returns, and strategies. The video illustrates the importance of transparent and effective communication between real estate investment firms and their investors, ensuring that investors are well-informed and confident in their investment decisions.

Highlights

Exploring the benefits of not paying all cash for rental properties to leverage inflation, where tenants cover interest and expenses.

Keith Winhold's journey from starting with a fourplex to growing a significant real estate portfolio.

The importance of relationship capital and a win-win mindset in growing a real estate business.

The strategic advice to stop focusing solely on properties, as they're the fourth most important factor in real estate investment.

Keith Winhold's approach to investing, highlighting the significance of the investor's goals, the market, and the team before the property itself.

Discussion on inflation and how real estate investors can benefit from it through the 'Inflation Triple Crown'.

The counterintuitive concept that higher mortgage rates can correlate with higher home prices.

Keith Winhold's insights into creating educational content for real estate investors, including trademarking unique concepts.

The shift in perspective needed for real estate investors to prioritize personal goals, market conditions, and their team over the physical properties.

How Keith's background influenced his real estate strategy, including living in Alaska and working for the Department of Transportation.

The concept of 'Relationship Capital' as a foundational element for success in real estate.

The discussion around strategic investment moves, like the decision to start with a fourplex.

Exploring the role of podcasts and educational content in building a real estate investment community.

The significance of the 'Freedom Show' as a platform for sharing real estate investment strategies and stories.

Keith Winhold's advice on leveraging real estate for financial freedom, including the specific steps to take and the importance of starting with a clear investment goal.

Insights into the evolution of real estate investing strategies over time, emphasizing the need for adaptability and continuous learning.

Transcripts

get a loan don't pay all cash and get a

rental property because in that case the

tenant pays all of your interest payment

for you and all the other expenses in a

cash flowing rental so be a beneficiary

of inflation rather than it being

detrimental to your financial life real

estate is the best vehicle for that I've

ever heard

of hey everybody flipping Danny here

welcome to the freedom show

and another exciting episode this is

another uh this is part do yes of Keith

win hold we couldn't keep we couldn't

put Keith into one we had to put Keith

into two this was uh um hopefully you

saw episode one uh so you know what I

mean episode two put on your seat belts

uh make sure all hands and arms are in

the car until the ride comes to a

complete stop because this is a this is

a doozy yes um and if you didn't if you

missed part one you don't have to listen

L to them in order um we actually uh

when we realized it was a longer episode

we actually um divided it up so that it

would make sense um for any of the

listeners whether you're listening to

part one or part part two um but Keith

is just a really really great friend of

ours uh we've known him for five years

um we're really really excited to have

him on our show um because we've been

guests on his show um for every year for

I think for the last five years um and

it's just been a really incredible

relationship and so in the last episode

before we got on with Keith we were

talking about relationship capital and

how important it is to have that

long-term mindset of uh making

everything a win-win and and helping

each other grow um so uh we have just

been fortunate to be able to um be with

Keith as he's helped our family of

companies grow by exposing us to other

people he has such an amazing audience

um he is so knowledgeable um there's

some things that um we have so many like

similarities in our stories and um how

we achieve success and the things that

we talk about right now and then there's

some things like in this episode that

are like total Keith winold like he

trademarked like um and he coins phrases

um and um he trademarks them not so that

uh People Like Us can't share them or

talk about them but he just don't

doesn't want anybody else to be able to

say hey you can't say that because I

trademarked it so he trademarks um his

coin phrases first um and he's just an

amazing amazing man and so I really

loved the first episode where um he was

talking about his freedom story so um if

you want to hear Keith's Freedom story

you're going to want to go back to that

episode but you don't need to to listen

to it before you watch this one um watch

or listen depending on if you're

watching on YouTube or listening to the

podcast um but the freedom story I will

just share quickly is that um he started

off with a fourplex right so um the top

three questions that we get all the time

is where do I start which path is right

for me and who do I trust um so where

Keith started was he um he was talking

about that you know I'm the average of

the five people that I uh you know

surround myself the most and two of his

friends were investing in real estate so

he said okay I'll invest in real estate

too and so he bought a fourplex he lived

in one of the units and he rented out

the other three um and he was able to

eventually sell that property 11 years

later um and he 1031 it into an 11 unit

at that point in time that was the start

y That's the start of his investing

Journey um so that's uh how he did it

and he was working at um the dot

Department of Transportation yeah yeah

in Alaska yes so what a perfect example

of somebody achieving such great success

to this date with his Investment

Portfolio now he has a podcast um

get-rich education that has so many

listeners I mean he's one of the very

first podcasters out there so his

audience is um just amazing um and

really really big and he just adds so

much value so that's why we were excited

about having um him on there so I don't

know about that first episode if there

was something that stood out to you

besides what we talked about already um

that you just like were like I just love

this part of his story I was going to

say that that's one of the similarities

between Keith and us is his podcast has

uh he's over 5 million download s and

ours has had five so that's very similar

so that's that's that's that's pretty

close uh but no I mean I I I said on the

last one I mean I remember the first uh

podcast we did with him I I was just I

was sweating in my seat you know uh

because that's Keith rold you know and

um and I mean we've known him for so

long but it's still Kei you

know so I I was looking forward to these

dates you know to the date especially to

record this um uh but uh yeah it's I I

had so much fun just peeling back the

layers uh you know of Keith getting to

know more of the story and and uh no I

loved it loved it and I was excited

because I really just view him as just

as a friend right um even when we were

starting our podcast before in 2022 we

did a 365 day series Freedom through

passive income that was season one of

our podcast and he was the person that I

went to to say hey you have a very

highly successful and engaged audience

you've been doing podcasting for years

you were one of the first can you give

us some tips and well honestly one of

his his tips was just you know be ready

it's it's work you know it's not it's

not easy to to create these podcasts and

um to be able to edit them and and to do

a good job and put on a really great

production um so we really felt like

okay so for this first year we're just

going to do some simple stuff we're just

going to keep it real like we like to do

um and we did the 365 day Journey so

that people kind of see a day in the

life you know because that was easy it

wasn't easy but it was at least just

like a a phone right um whereas it did

give us the time to really prep for

something like this in the freedom show

and where we do have a podcast room we

are bringing on guests we're bringing on

our Network and we're introducing you to

the people that we um talk to and we

have built relationships with over the

uh last you know five six seven years

and I think that's why I was really

excited about having keithon is because

he was one of the very first he's been

with us for a very long time he's an

investor with us us um himself um and to

be able to expose our Network to

somebody like him um who we look up to

who we have had such a great long-term

relationship with um who has um the same

heart as we do in terms of giving back

to others and um you know being there to

help them on their Journey um I really

loved um his get real story in episode

one two where he's just sharing that

very first mistake buying a pretty house

you know not necessarily looking at the

numbers um you know this one's pretty

uhhuh and we find that many times when

people are looking at the turnkey rental

properties um uh and it doesn't matter

it's not just females I wasn't going to

say a lot of females but it's there's

males too like you know I really like

that one and so Keith in his story he

was like it was a brick house like like

the local um people that I talked to

said don't buy it we're not going to be

able to keep that one rented but it was

a really pretty brick house and I really

like I thought no I'm going to buy this

one um and it was a good price uh so he

ended up buying it and ended up not

being a good deal so he should have you

know trusted um the the the boots on the

ground there who trusts Realtors come on

just kidding I'm a realtor just kidding

so uh it's just I love hearing stories

like that because we all make those

mistakes we all have those challenges in

business or in real estate or in life

and um the the most important thing that

we could do for um uh our audience and

our L our listeners and our viewers is

to share those challenges what happened

um and how we solved them because that

allows you to approach a similar

situation much because you'll remember

hey fli and Danny said this or Keith

said this so let's make sure that I

don't make the same mistake um and they

told me what they did as a result in

order to you know maneuver around that

particular scenario so um I loved that

part of the episode but um today we're

going to really dig into um his his

superpower which is you know how he

coins those phrases and how he educates

his audience um he's got you know a

course that he gives away for free um he

you're going to hear this episode all

the all the things that he has coined

how he teaches his audience about um

real estate and the different ways that

you can get paid the five ways to get

paid um he talks about inflation Triple

Crown um he talks about some other

things that um don't give it all away I

know but well I'm just kind of getting

everybody excited like like tune in um

if you're in your car you might want to

like um listen to this one again right

because this is just jam-packed with

information we even talked to Keith

after the episode and said hey we might

take some of those segments and just um

um make them a silo segment um on our

YouTube channel so that somebody who

just wants to learn about inflation can

can listen to Keith and what he says

about inflation and somebody who just

wants to talk about why um I I won't I'm

not going to spoil anymore we're just

GNA it's time is it time yeah you're

giving away the goods all right let's

talk to Keith here's part

[Music]

two

I wanted um ask you um one of the other

things that you had mentioned was stop

looking at properties because the

property is only fourth most important

can you share a little bit more about

that yeah this blows a lot of people

away to a person that's new and all

enthusiastic about real estate I usually

need to advise them of something they

never imagined that they would hear stop

looking at properties they're like well

wait a second what are you talking about

stop looking at properties in order to

benefit from direct investment in real

estate in the five different ways real

estate pays which is a coin that I term

uh a term rather that I coined that

flipped laid out in the bio there in

order to get all those benefits I need a

property well my point is whoa whoa whoa

whoa whoa whoa whoa whoa whoa slow down

slow down the property like Danny said

it is only the fourth most important

thing in real estate investing that's

why you temporarily need to stop looking

at properties so let's uh to the

beginner I often tell them you know

let's get your priorities straight and

then we can start looking at prop

properties again because the number one

thing in this real estate investment is

you what do you want real estate to do

for you that's at the top are you

looking for appreciation or cash flow

which is a common answer or tax benefits

are you looking for a property that

gives you a lifestyle benefit that you

can use you know one month a year in in

Cancun or something what do you want

real estate to do for you once you think

that through you know that that's number

one the second most important thing is

the market that you're going to buy in

now we can think of Market in a few

different ways different asset types

like uh trailer park or short-term

rentals or large apartment buildings or

single family homes we can think of the

market that way but another important

way to think of the market is that

Geographic market and I talked about how

I like to buy in msas Metropolitan

statistical areas various ones for

diversification throughout the United

States you know I generally avoid

markets that are really uh rich in

Commodities or have a big part of their

economic base be tied to the military

because those things are volatile I mean

military involvement that can fluctuate

a lot based on presidential

administrations and then Commodities I

mean ju just imagine one of the worst

markets for for me to to invest in it

all would be a small hodunk town of

9,000 people that's not close to an MSA

where 30% of that town employment is

tied to the zinc mine or the tungsten

mine because now you know onethird of

the economic base of that Community is

tied to the fortunes of of zinc or of

tungsten well if I'm going to buy

property there or say a fourplex I need

to have it filled with rent paying

tenants and that income needs to come

from a stable economic base that's why I

avoid markets for example that are too

rich with commodities or with the

military so I like to be in the bigger

markets where there's some ballast and I

like to see markets that have long-term

sustainable drivers like technology or

medical or a lot of distribution jobs I

know you guys do a lot of business in

Ohio that's really one of Ohio's Chief

Market drivers is distribution you can't

Outsource distribution jobs over to to

Taiwan or China they need to be right

there in that geography for example

where you could use the Ohio River and

the great lakes and all the great

Transportation access that Ohio has but

this is why the market is more important

than the property because you could buy

a you know a mansion in a in a swamp in

the middle of nowhere and who you going

to get to rent that thing so that's why

the Market's the second most important

thing and what's third most important

before the property forth what's third

most important is that team of

professionals that you surround yourself

with and this could be your mortgage

loan officer or your 1031 exchange

qualified intermediary but really that

most important team member the glue that

makes all this stick together is a

competent communicative property manager

all right so once you've got that set

you the market and the team okay now

fourthly you can finally start looking

at properties the property matters

definitely but it's only the fourth most

important thing and you know what's so

funny uh flip and Danny most people get

it completely backwards instead of going

one two three four they go 43 2 one

first they get all passionate about a

property and then they buy a property

maybe because it looks

and then it's a little bit too late they

they realize oh they don't want to be

getting texts from tenants so then after

they've already bought the property and

it's too late then they go out and try

to find and see if there's a good

manager in that market and after that

then they try to figure out oh did they

even buy in the right market and then

it's back up to number one like does

this property even do what I wanted it

to do for me I wanted it to provide say

passive income and this is taking so

much of my time so again this is why the

property is only the fourth most

important thing and to review

the three more important things in order

the hierarchy is you the market and the

team I love that it mirrors so much in

what flip and I say all the time when

they ask the where do I start which path

is right for me who do I trust where we

always talk about hey a lot of people

don't answer the right questions when

they get started and you just put it in

perfect order I love it so thank you yep

now you're buying strategically and by

the way I would like to give credit to

the real estate guys Robert Helms and

Russell gray they didn't explain that

the property is only the fourth most

important thing the way I did but they

introduced me to some Concepts that got

me thinking that way so credit to them I

love that love love love it okay um talk

to us a little bit about inflation I

hear you talk about this a lot in your

YouTube videos um especially um but also

on podcast so um share what your Insight

is um about the market today and how

inflation is affecting it yeah yeah for

Real Estate Investors you should be

benefiting from inflation three ways at

the same time it's with a concept that I

coined called the inflation triple crown

and this does involve a few numbers so

if you're okay with me introducing a few

numbers I'm going to try to keep it

simple for you and you know what fliping

Danny you know what the cool thing about

real estate numbers is they're always

simple it's just addition subtraction

multiplication and division those are

the only four mathematical operations

you need to use I mean have you guys

ever used trigonometry or calculus or

exponents in real estate like I haven't

had to no no never see it's simple it's

just knowing what numbers to use so okay

how can one actually benefit from

inflation like when you see all this

inflation out the supermarket and it

still feels like your grocery bill is

going up 10% year-over-year even though

CPI inflation is lower than that and

there's tip flation and everyone's

asking for tips and you can actually

benefit from this Arrangement just like

I am so the inflation Triple Crown is

how you benefit from inflation three

ways at the same time the first way is

with asset price inflation the second

way is debt debasement and the Third Way

is cash flow enhancement and Forbes

published My article about the inflation

Triple Crown because they really liked

it but they're do get to be a few

numbers here so let me just keep it as

simple as I can if you say purchase a

primary residence all cash for a million

dollar this is the first leg of the

inflation triple crown and don't worry

if you're like hey I couldn't this is

not relatable I couldn't afford a

million dollar property all cash it's

all ratio so it's okay if you could just

hang in there if you buy a million

dollar property and say there's 10%

inflation over a couple years all right

well then your primary residence is now

worth $1.1

million and that in itself shouldn't

feel that good that's only a hedge

against inflation right because now

you've got 10% more dollars but each

dollar is worth 10% less okay but at

least you do have that hedge you're kind

of right back where you started with

that first one you with asset price

inflation this second leg of the

inflation triple crown that is called

debt debasement okay say this million

dollar property you didn't pay all cash

you got an 800k loan this is going to

benefit you because the bank doesn't ask

to be repaid that 800k in inflation

adjusted dollars so you got 10%

inflation over time your 800k debt gets

diluted you only owe the bank back

720k because again the bank doesn't has

to be repaid in inflation adjusted

dollars your principal and interest

payment stays fixed and generally wages

and salaries go up over time so now

you're beginning to be a beneficiary of

inflation as it debases your debt

and then the Third Leg of the inflation

Triple Crown this is really the way to

do it when you don't just get a loan for

a property you get rental property with

a loan on it say it's a million dollars

worth of rental property okay now you're

benefiting a third way not just the

asset price inflation and not just the

debt debasement but actually with cash

flow enhancement because with your

rental property 10% inflation over time

say then a $1,000 rent goes up to an

$1,100 rent okay even though that went

up 10% the cash flow you feel in your

pocket every month might have gone up 20

to

25% why is that again it's because your

principal and interest payment stays

fixed inflation cannot touch that so

that's the inflation triple triple crown

again it's asset price inflation debt

debasement and an enhancement on your

cash flow so the best way to do it is to

get a loan don't pay all cash and get a

rental property because in that case the

tenant pays all of your interest payment

for you and all the other expenses in a

cash flowing rental so be a beneficiary

of inflation rather than it being

detrimental to your financial life real

estate is the best vehicle for that I've

ever heard of there is nobody that I

know of that talks about this um so this

inflation Triple Crown um I remember

listening to you for the very first time

on a podcast talking about um how to

hedge against inflation and I was like

flip nobody talks about this like did

like listen to this podcast and listen

listen to what Keith is talking about

and it was the first time you know um I

ever got exposed um to this so um where

did you where where did you learn this

so where like like why are you the only

person talking about it I guess that's

really where I'm coming from yeah well I

probably heard from elsewhere that

really real estate is a hedge against

inflation like if you buy a million

dollar property inflation is 10% then

your million dollar property is a

million one but really I came up with

and coined the other two the debt

debasement and the cash flow enhancement

I just conceived of and coined that

myself I guess part of that is because

I've been a real estate investor for

quite a while now and I I I look at my

numbers and I I see and understand what

inflation does for me and I think this

has a lot of relevance because if anyone

looks at the long-term history of the

dollar it just keeps getting debased I

mean when the FED started back in 1913

to 1914 a dollar now is only worth about

3% as much as it was back then we all

know the FED has an inflationary mandate

they'll just tell you they target 2%

inflation as we know it's been running

higher than that for almost two years

now but the point is is that you can't

really count on a lot of things in

investing no one really knows a future

people are always trying to predict the

future of interest rates or prices or

all that but one thing that's almost

completely predictable is long run

inflation let's take one of the few

things that's a near certainty and then

figure out how we can profit from that

that's really the difference between

being an investor and being a Speculator

so win with real estate with the

inflation Triple Crown buying a cash

flowing property with a

loan I love that you just shared that

last part and that's why I wanted to ask

you this you started off the podcast

talking about I got into real estate

because um you are the average of the

five people that you surround yourself

with right and uh you are important and

valuable to us um and we talk about you

a lot even some of our podcasts when we

were doing the 365 day series I would

mention something I was like I heard

this from Keith winold and we'd talk a

little bit about it and and point them

your way because um you do coin some

really great phrases you come up with

things that other people aren't talking

about that um really add some value and

intelligence to what we're doing as Real

Estate Investors so I wanted to ask you

that question to so that you could say

Hey you know this is something that I've

coined because I think when you and I

have been talking back and forth there's

like five or six things that you're like

real estate gets paid five five ways or

um or pays you five ways and then you

know inflation Triple Crown you've got

multiple things and they're all like

just original thought and it makes us

better and I just love listening to you

so thank you for sharing that um with

our audiences as well thanks I've had a

bunch of those things trademarked but I

completely don't mind if other people

use them I just don't want anyone to

take one of these things away from me

and say I wasn't saying it but I

actually want other people to use it you

don't even have to give me the credit

like helping the people is more

important than getting the credit so I I

love it when others talk about the the

inflation triple crown and I I sure

don't need to be credited or or

mentioned or anything like that I I

appreciate the the Outlook though yeah

absolutely I think it's um also giving

to uh to others in that um it tells

other people who we surrounded ourselves

with who we're learning from right so I

love saying hey go get to know Keith

winhold because some of these tidbits

are not us it's actually coming from

Keith and he's one of the people that we

surround ourselves with so um I love

that part that's really why that um I

like to give credit so I can just tell

people hey here's somebody that adds

value to our lives I think that he can

add value to your lives as well um uh so

the last thing that I wanted mention um

or have you share is higher mortgage

rates correlate with higher home

prices yeah which is opposite of what

most people think you The Listener and

viewer here you actually heard Danny

correctly and you know here I am saying

all these iconic clastic sort of things

you know I'm really here to tell you the

The Listener and the follower here

things that you wouldn't expect to hear

like stop looking at properties because

it's only the fourth most important

thing and inflation that's a way for you

to profit so you know all these sort of

paradoxical things are really what I'm

here to help you with and one of them is

higher mortgage rates correlate with

higher home prices and almost everyone

thinks it's the opposite almost everyone

thinks that when mortgage rates go

higher oh well of course don't you know

that like property prices would have to

come down because a person's payment

would have to be larger and that impedes

affordability so therefore when rates

rise prices fall I've even heard some

experts say this and some real estate

analysts in the industry they think that

when mortgage rates rise home prices

have got to fall and what I would like

to say to some of those people is when

has that ever happened when has that

ever happened I think it's easy to have

a hunch about some things because

economics really deal with a lot of

variables and the economics of real

estate do as well so sometimes the

variable that changes doesn't change the

output in the way that you think it's

going to so if we would look at the last

30 years

okay since

1994 in this stretch we've had mortgage

rates that have increased substantially

seven different times that's defined as

a mortgage rate that increases by 1% or

more okay that's happened seven

different times in the last 30 years the

substantially Rising rate environments

and of those seven times that mortgage

rates Rose how many of those seven do

you think that home prices Rose or fell

maybe some people would think well home

prices would have a hard time rising in

any of them maybe maybe once or twice or

or there was some blip or some

aberration no the last seven times that

mortgage rates Rose home prices Rose

every single time in conjunction

correlating with higher mortgage rates

and this is important because mortgage

rates have been on everyone's mind even

if you've never owned a home just every

lay person out on the street just some

guy you see in the Isle in 7-Eleven like

he would know that mortgage rates have

become substantially higher than they

are and you know someone might look

around and be be fuddled and still not

understand how this can be and still

wonder come on does that really happen

well yes it just happened the past two

years from from 2021 to this year we've

had nothing but increasing mortgage

rates and we've had substantially

increased home prices over that time as

well so it's happening right now so even

as people are living through it they

want to tell you that the opposite

things happens which is sort of weird

but okay one might wonder well wait a

second how could that possibly

happen well there are a few things first

of all there are Lag effects in the

economy but the second thing is we need

to understand is when the FED raises

interest rates like they have

substantially in the past year and a

half to two years what does that usually

say about the economy well the FED

raises rates when the economy is strong

and inflation is hot and people are

employed um we have even more open job

positions in America today than we have

people to work at those positions so

that's why they're increasing rates so

much to cool down this economy everyone

feels stable in their job and they have

other job options what happens when

people feel stable in their job and

stable in their income and they have

savings and income like they do what are

they more likely to do put down roots

and buy a home so increasing mortgage

rates are really a proxy for the economy

saying that the e economy is doing

really well so we look back historically

the last 30 years that's why higher

rates tend to correlate with higher home

prices and to help you predict where

interest rates might go if we do have

this recession that just seems to be

forever around the corner people have

been talking about it for a year and a

half you know um in a recession

especially the mid and late stages of a

recession that's when you see Mortgage

in the FED funds rate tend to fall

because the economy needs the he help so

really the summary is that historically

you just got to look at history rather

than having a hunch higher mortgage

rates correlate with higher home prices

it's happening again this

year I love you adding so much value um

in such a different way than flip and I

add value to our audience um you teach

us so much um so thank you for sharing

that information because it is counter a

lot of what I talk paradoxical yeah yes

yes it is very much so and so that

there's sometimes that I I hear you say

something I go what what did you say

Keith like say that again and then you

describe it and you're like oh yes yes

exactly how could that be true um I love

it well we are um going to start to wrap

up here I knew that we were going to go

um for a good amount of time because I

love talking to you and you have so much

value to share um but I do want to get

to our commercial and then uh I want to

get to the point where we get to real

quick with flip we're going to have a

little bit of fun with you Keith and get

to know you on a personal level um but

for before we do that you're listening

to the freedom show with flip and Danny

Our Guest is Keith winhold we will be

right back after this short commercial

break add new income streams to your

financial statement freedom family

Investments can help own property and

get paid rent join funds and get paid

interest wealth is

well-being own your own

future freedom family

Investments get more time to focus on

what matters

learn which investing path is for you

where to start and who to trust visit

freedom family investments.com all right

let's jump back in with Keith this is

the like fun part of the show that I

always look forward to and I know flip

you got prepared for this right oh yeah

yes it's it's the Oddball section which

is why I'm doing it

yes all right we're going to jump into

real quick with

[Music]

flip uh yeah so Keith like I had said

before this is going to like this that

or the other so I'm going to give you

two options one or the other and in that

same theme if you don't like either one

of those you can add a third uh so like

I said with you know Cheerios or or

raisin brand if you don't like either

one you could say Lucky Charms or or

whatever but uh it's just something fun

uh and so no pressure all right you

ready all right yeah let's do that okay

okay country music or rock and

roll oh I'm A hip-hop guy that's that's

easy for me sorry I couldn't take either

of those two two options yeah you got to

have that for those workouts I love it I

love it well then I probably know this

answer art festivals or music

festivals it's got to be music festivals

for me yep y um and I think I know this

one too I why why do I know all these

answers before you even tell me morning

person or night owl oh yeah you already

know I'm a morning person got to SP that

metabolism yep so now uh um being in

Alaskan I don't know the answer to this

one flipflops or

sneakers oh it's got to be sneakers yeah

I can't freeze my toes off during an

Alaskan winter yeah this hasn't come up

but I I currently live in Anchorage

Alaska yeah yeahh all right so well here

here we go vacation on a beach or

vacation in the mountains I actually do

like them both but yeah for me it's

going to be in the mountains I do a lot

of mountaineering in Alaska I'm looking

into climbing a 20,000 foot peak in the

Andes coming up soon so yeah it's the

mountain yeah the view is the best from

the mountains not the beach

all right well let's see how about

friends or

Seinfeld oh I'm definitely a Seinfeld

guy yeah when that recent friend's

character Matthew Perry died yeah that

just didn't really sadden me or resonate

with me that much but yeah I mean if if

Jerry or Elaine or Kramer or George like

Yeah from Seinfeld pass away yeah that'

be a sad day so yeah I'm definitely a

Seinfeld kind of

guy all right this is thank you uh this

this is a good one and uh we get mixed

responses on this one uh would you

rather live in 1969 or

2069 oh dear you know I'm quite a tech

forward guy um gosh that's a really

difficult one to to come up with uh yeah

1969 that would be before I'm alive in

in 2069 that should be when I'm still

alive so why don't why don't we go with

2069 because I know I'm going to be

alive for that one we'll stick with

something that that's really going to

happen I'm a tech forward guy so yeah I

should still be uh keeping up with how

the world Works in

2069 all

right all right uh pineapple pizza or

candy

corn it's gonna be pineapple pizza yeah

yeah I don't do too much of the Candy

Corn I probably stopped eating candy

corn when I was 11 yeah yeah and still

for the record no one has ever selected

candy corn nobody likes candy corn you

don't have any 11y olds on the

show but not not not this week uh Batman

or

Superman H not too much of a superhero

guy but it's going to be Superman you

know he shows his face you know he shows

you who he really is y all right last

one air guitar or air

drums it's probably gonna be air drums

you know that's you know better for a

for a workout beat yeah it's definitely

got to be drums you know whatever keeps

me moving in a workout yeah it's going

to be air drums that's awesome well well

thank you very much You' you've uh

accomplished the real quick with

flip and I have to say like I I actually

think I KN I knew how Keith Keith was

going to answer most of those um just

because I followed you so much on on

Facebook um but I do have a question

about one of them uh 269 um so uh what

are you looking forward to in the future

what do you see happening like you know

go all the way to 2069 what do you think

has changed for us um with tech

especially because you mentioned that

you know you love Tech so

much our currency and it might be

cryptocurrency based there should be a

Global Currency by then the world

continues to globalize yes I know with

the house crisis there was a short de

globalization streak but overall our our

world economy continues to globalize so

there will be a Global Currency and the

United Nations recognizes about 193

Sovereign Nations we don't have quite

that many currencies but yeah it just

doesn't make much sense to to continue

to do these conversions and continue to

have these these problems with our

currency so I think we're all going to

be using one currency don't know if it's

going to be cryptocurrency or I don't

know if it's going to be a centralized

Global

cbdc that remains to be seen but uh I am

a I am a crypto guy I'm fairly Pro

Bitcoin although it does have a number

of its problems but yeah that's where

we'll be in 20169 with the Global

Currency that there are some good things

and some bad things there yeah so yeah

this is why I love your real quick flip

especially that question whenever

somebody is is looking to the 2069 um I

always love asking what you're seeing

down the line so um I love this thank

you so much for being a guest with us

Keith uh I like I said before I knew it

was going to go long because there's so

many things that I could talk to you

about um but if people want to follow

you if they want to um uh just get to

know you reach out to you learn more

about your course your podcast um where

would they go I'll share that in a

moment but I want to tell you flipping

Danny I'm pretty impressed with you guys

I mean you have six or I believe seven

real estate Centric companies now um I

often think of you guys when I get my

entrepreneurial wheels turning because

you own and oversee all of these

businesses and sometimes I think yeah

flip and Danny can can do you you know

this to a 100% level I to at least be

able to come up to a 50% level and you

know start this other business or move

my current business forward with my team

so I'm really impressed with what you

guys do as real estate entrepreneurs but

yeah for you the listener follower if

you want to learn more about me you can

always listen to me on the getrich

education podcast I also put together a

free video course it's me in five videos

about 12 minutes each and what I teach

you is the five ways that real estate

simultaneously pays this is just with

regular Buy and Hold real estate you

don't have to add value or anything

expect five simultaneous profit centers

and that's how your returns can add up

to a really high return over time

actually use an example and add up how

high of a return you can expect to get

with the five ways real estate pays and

you can get that course free and we

don't try to upsell you to some other

course this is just a completely free

course you can get it at getrich

education.com

course I love it thank you so much for

being on the show with us today Keith um

and uh for everybody else we will see

you next week bye everybody bye wow well

now you see why we had to cut him into

two yes you know cuz Keith is better

served

twice but no that was just uh I mean

after we got done recording that we're

like how are we going to fit all that in

one episode um and and then to really

see I mean there was a lot of good stuff

in the first episode but that one there

was some there was some there was some

good juicy stuff in that that part two

yeah the meat of what Keith talks about

and how he educates investors was really

in the second episode so I was really

excited to get to this one um the mo the

my favorite part um was when he talked

about the property stop looking at

properties it's like the fourth most

important thing that you should be

looking at yeah he said that I'm just

going one two three what's one two three

what am I looking

at so it's something that um I said U

previously is that he and we and him he

and us I I'm not sure how to say that

but we have uh different experiences but

we say similar things yes um so he

talked about number number one being um

you like right what what what is it that

you want what do you want real estate to

do for you and he said number two um was

the market right and then number three

was property manager yes the team the

team um so uh he talked about those

three things and I was like hey our our

lifestyle blueprint right our lifestyle

design where we talk to people um and

say hey figure out what you want your

life to look like um and use that to

determine whether you want to be an

active investor or a passive investor

right because so many people will go the

active route and then it'll take them

two to three years for them to realize I

did not want another job I did not think

that it was going to be like this I

really now just want to sell my property

but I don't have a lot of equity because

I just bought it like two years ago even

Keith talked about in first episode like

his that property that he made the

mistake on um like he barely after

commissions and closing costs because he

sold it two years later was that was

literally one of those situations where

he did the wrong thing so really

understanding who you are what you want

out of life what you want your

Investments to do for you answer that

question first before you start anything

else so he said it a little bit

differently than us yes but we're both

saying the exact same thing Step One is

defining what your goals are what do you

want your lifestyle to look like what

what do you want your investment

vehicles to do for you um and then

decide what you're going to do most

people will after that exercise will go

oh I actually want to be a passive

investor I don't want to do the active

stuff um yes yeah exactly um and then

step two for him was the market and then

you know we talked about Dayton in

Cincinnati Ohio um uh and and you and I

actually talked about this after the

episode and we were talking about these

first three things going hey this is

exactly what we say this is so cool that

he's doing he's saying the same thing

just differently um but uh for the

market we love dating in Cincinnati Ohio

and we moved across you know the states

all the way from Arizona all the way to

Ohio right um from warm warm warm which

I love love

love to a little bit of warm and a

little bit of cold um which eventually I

was just like okay I don't I don't need

the cold

anymore um but talk about Dayton in

Cincinnati and and really why we love it

because one of the things he said about

the things that you want to look for is

like distri distribution centers and how

that is so powerful to have in a market

um because you know that that's not

going to go anywhere and so that

stability is something that you want to

be um looking for when you're

identifying the markets that you want to

invest in so you want to you want to

touch on that a little bit yeah he

talked about uh things things that he

likes to avoid and things that that he

was he's looking for um and for those

listen for those of you listening and

you're thinking Dayton well Dayton's got

the largest Air Force base and I'm like

oh he said no he doesn't like you know

military bases but uh the Air Force Base

in Dayton is the largest research uh Air

Force bases so that this right Pat's not

going anywhere yes uh but uh Dayton also

has a huge hospital um uh not not one

Hospital there's like there's a there's

a network of hospitals uh and it is

absolutely enormous uh but it also has

distribution centers because you have

I75 which goes north to south uh from

one end of the country to the other and

then you have I70 which goes east to

west from one end of the country to the

other um and that cross that those two

highways crisscross right there at uh in

Dayton um and so there are so many

distribution centers that are are all

around the Dayton area Amazon keeps

there I don't know how many Amazon

centers we've got in the Dayton area now

that's right um and there's so many

world headquarters Kroger World

Headquarters uh there's I guess and

there's a few gu they all Escape me as

I'm recording this uh but anyway that

it's uh the Dayton Cincinnati even

Columbus that metro area the Southwest

Ohio um it is it is the it's like the

perfect storm yes you know uh and and so

plus when we were in Arizona and we

found out we could buy a house on our

credit card in Ohio um you know that was

well there was a little difference you

can even buy a a yeah anyway um so

that's one of the main reasons why we

wanted definitely wanted to move to Ohio

yeah and I wanted to add to that um when

you talk about um Dayton Cincinnati and

Columbus I think people um are more

familiar with Columbus and Cincinnati

than they are Dayton um but uh in

reality cost of living um is lower in

Dayton than it is in Cincinnati and

Colum

so that means cost of property is lower

as well so people who are getting you

know into the turnkey real estate game

or even if you're just buying um you

know properties to bur so like the

equity Advantage Series that we're going

to be talking about um if you're buying

properties like that you're going to

find the best deals at the lowest cost

um and the best cash flow in the Dayton

area um whereas you're getting into

Cincinnati and Columbus like it's a

different ball game so even our investor

relations team member CJ lives in

Columbus but buys property and day

property yeah yeah because the yeah the

prices might be lower but you're

actually making more money on the

properties and Dayton than you would be

in Columbus or Cincinnati so it's you

know you think well the prices are lower

so I'm not going to make as much money

it's it's it's the rent in Dayton is

very close not the same but very close

to the same rent as in Cincinnati but

the prices of the houses are

considerably different so that just take

that with you yeah yeah so um number one

is uh knowing what your goals are so we

hit that one um number two was knowing

the market so we hit that one um and

knowing and number three was a team so

um even at the end of this podcast um he

was you know mentioning hey man I've

been watching you guys um you know for

years now and just watching how you've

grown and what you've done um and we

vertically integrated for a reason right

because of what he just said the team is

the most critical part right when you

buy a property when you have a property

that's being managed your real

relationship is with the team in that

property management company and knowing

who that property management who they

are um we always say hey we're not

perfect um in fact we Pro B brought

Property Management in way way earlier

than we thought we were going to and

it's because we outsourced a five other

property managers that were not doing a

good job and we're like we're like you

know what we can at least do a better

job than that um so we brought it in and

and we've had our challenges as we've

grown but we've told every single person

is it said hey um if you're with us just

know that we're human we're building out

this this arm because we wanted to make

sure we had control over it we wanted to

make sure that if you called us and

there was a problem we could fix it when

it's with a third party manager we can't

help we can't go out there and like um

you know get into the property to fix a

repair for you um uh and so it's those

things that like really um are we're

passionate about because we're so

dedicated to aligning our interest with

our investors and in order to align our

interest with our investors we had to

start taking control of every component

of um real estate deal um through that

TurnKey process right from being able to

buy it and control how many deals we get

in the door to being able to renovate it

and control the contractors and the

quality of work that they were putting

out um to be able to control the

property management and our ability to

jump in and help if there is a problem

because look it's real estate there's

going to be problems like and if if you

think that that this is a a cakewalk um

you're not familiar with real estate yet

it's not a cakewalk um people who want

the Cakewalk are the passive investors

who say let me invest in a fund or be a

private money lender or or a master note

investor they want the cake walk they

don't want anything to do with the

trials and tribulations that real estate

brings yeah um uh but those are the

things that you want to look for in your

team and you really want to get to know

who they are um and you really want to

find um somebody who is vertically

integrated so whether you're buying in

in our area or some other area you want

to find a company that has all the

pieces to the puzzle in Under One Roof

essentially um so that they can go in

and be able to control every um facet of

it it also lowers your costs right um

because we are able to go and run down

the hall and knock on somebody's door

and we're able to work together in ways

that other companies can't because

they're third parties and they all have

their own policies and procedures about

how what can be done and how it can be

done whereas we just say hey you know

let's just jump in and help like let's

just solve the problem and solve it fast

um so the team is such such a powerful

component um and then he says boom now

number four oh yeah the property now

look at the property now look at the

investment opportunity once you've

covered your goals you've covered your

Market you've covered your team now what

do you want to invest in um because

you've answered the right questions

before getting to um the point where you

say okay and he even pointed out that

most people start at number four and

they go backwards and that is the wrong

way to go so I'm so glad that we talk

about um that um as well I'm so excited

that we got to have him on and all the

other stuff I mean we could could sit

here and talk about inflation Triple

Crown we could be talking about the

mortgage interest rates that he was we

just keep going on and on yeah the only

thing I'm going to say uh well first of

all with the property being fourth um

you know he talked about that it doesn't

have to be pretty there is a degree that

it does have to be it it it does have to

it does yeah exactly it does have to be

a degree of pretty but the the the

biggest uh importance is the numbers uh

it is it is very nonot it's all numbers

that do the numbers work and then that

tells that tells you uh but the

inflation uh Triple Crown right yeah

yeah I would to call it the triple play

for some reason I don't know why but

anyway the the inflation triple crown

and the T talks about the mortgage rates

what I love about Keith is that I think

he knew that he was talking to me

because he dumbed it down so far that

even I understood it that's what I love

I love I just love about when he talks

and and that's why I like his podcast

because it it's it's it's he makes it

simple to understand you know and he'll

throw a couple you know uh you know 25c

words in there uh but but uh it's not to

you know it's not to make him look smart

or whatever it's because you know they

just have to uh but I just like yeah he

he explains it so that everyone can

understand it and I I really really like

that yeah so we hope you enjoyed this

episode um we always like to end our

episodes with talking about what uh

opportunities that we have uh right now

um so again I want to keep on mentioning

Cottonwood Town Homes because we at the

end of 2023 but the time this airs um I

am not 100% for sure we will have any

openings left but I encourage you to

call and find out because it is the last

opportunity that we have before 2023 for

you to get tax deductions so we were

just talking with um a friend last week

and uh we were talking about tax um

deductions and we said hey we've got

Cottonwood Town H home right now um as

soon as you get back you need to call

your CPA find out what your 20123 tax

burden is going to look like um because

you're going to want to invest in this

because it has a 30 to 50% tax um write

off so that means for every $100,000

that you invest 30 to $50,000 is a

potential tax write off um so there are

some things that you want to be able to

talk specifically to your CPA about to

understand this a little bit better if

you have questions about it call CJ and

Ben go to chat with freedom.com get on

their calendar um and start talking to

them about Cottonwood let them know hey

I'm actually calling you specifically

for tax benefits because not only are

you going to get a good high return it's

a 12% Blended return but you also have

30 to 50 ,000 of tax write-offs per

$100,000 um is the estimate so um that's

one of the most powerful ways for you to

build wealth I can't say enough how

important it is for you guys to jump on

the phone with CJ and Ben and start

talking about that and start getting

educated about it because if you want it

to know how the 1% of the 1% makes their

money this is one of the ways they do it

is they legally know how to not have to

pay taxes well they legally know how to

reduce their tax burden this is one of

those ways um and then also uh we are

just recording a um a webin with Jr and

he was presenting I think he's got six

Equity Advantage opportunities Again by

the time this airs I do not know if

those are available but I bet if the six

that he talked about today are not

available I bet he'll have another

grouping of equity Advantage um uh uh

deals available and those are deals that

essentially um we are offering up our

team to you um to be able to invest in

something so um let's just say we've got

a property that we are going to buy uh

for our TurnKey portfolio we were going

to pay let's just guess it's $50,000 I

don't know and the rehab is going to be

$30,000 um whatever that looks like

instead of us buying it for 50 and doing

the rehab for 30 we're actually going to

allow you to buy it um and maybe we'll

we're going to sell it to you for like

$55,000 as an example that's how we make

money we're going to make a little bit

of money by actually um giving it to you

um and that allows us sometimes to not

have to buy um 20 deals when maybe we're

we're tapped out like our Renovations

team has already um got enough or maybe

we just didn't need um the extra um

property at this point in time it allows

our investors to be able to get some

Equity um and be able to have our team

do the renovation do the property

management if you want to flip it our

brokerage can be able to list it for you

you're going to get a much bigger profit

off of that property because you bought

it this way um you kind of jumped the

line we is exactly what we say you jump

the line and you buy it because we have

these six properties right now and they

are s they are like okay we can actually

um put them in our Equity Advantage

Series and if they don't sell in our

Equity Advantage Series just going to

plop them and put them in our TurnKey

program so we're going to buy them

anyway this just allows us to sell other

properties quicker than we might take

them all the way through our TurnKey

proper uh uh property so when we talk

about win-wins um it's a win for us to

be able to sell something faster it's a

win for you to be able to take the

equity that we would have taken if we

would have taken it all the way to the

Finish Line as a turnkey property and

did the funding ourselves so we've got

hard money lending lending for you um so

we can take care of the financing um

we've got the renovation team for you

we've got the property management team

we've got the brokerage and you're going

to get the profit because you did it

that way is there a little bit more work

involved than TurnKey the answer is yes

yes so just know that this is more of an

active investor um type thing now you're

not having to do the rehab we're

actually giving you all of our resources

and that is not something a companies

that typically do typically if we've got

all the resources we're going to want

the profit um but sometimes we just have

so many properties that we are willing

to go ahead and allow people to jump the

line and take some of the properties off

our hands at the very beginning before

we throw it into our TurnKey pipeline um

so those are great opportunities if you

want to learn more about that again go

to chatwi freedom.com you're going to

want to scroll down and jump on the

calendar of Jr Jr will educate you about

these he'll explain to you what the

profit looks like what the purchase

price is what the rehab looks like he

will connect you with the hard money

lender um in 2024 we we will be able to

do the hard money lending for you

inhouse but right now we'll connect you

with a hard money lender that is willing

to lend on these properties um so

anything that I missed there no no And

for those uh seasoned investors out

there that are sitting there going hey

that sounds like the bur method you are

right that is exactly what that is but

we just call it the equity Advantage

Series that's right all right well thank

you guys so much for joining us um I

hope you probably listen to this episode

a few times because there was so much

value in gold nuggets in there um it was

really powerful and we are so excited to

be able to introduce Keith to you um but

uh we're GNA call it quits for now

that's all she wrote all right and we're

going to see you next Wednesday bye

everybody

[Music]

bye 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 and

information on the show are not

guaranteed all investment strategies

have the potential for profit or loss