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135: From $50 Million To Zero: Falling From The Top Of The Real Estate Mountain

135: From $50 Million To Zero: Falling From The Top Of The Real Estate Mountain

FromGet Rich Education


135: From $50 Million To Zero: Falling From The Top Of The Real Estate Mountain

FromGet Rich Education

ratings:
Length:
39 minutes
Released:
May 12, 2017
Format:
Podcast episode

Description

#135: From $50 million to zero. That’s what happened to the net worth of today’s guest, Rod Khleif, in the mortgage meltdown of 2008. His mistake was that he focused on real estate appreciation rather than cash flow, and he lost control. He’s owned 2,000 single-family homes and multifamily units. Rod is a motivating guy. He talks to us about Single Family vs. Multifamily Property, self-management of property, and the psychology of success and fulfillment. Keith brings you today’s show from upstate Pennsylvania. Want more wealth? Visit: 1) www.GetRichEducation.com to grab our free newsletter.  2) www.GREturnkey.com for actionable turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:40  Single Family vs. Multifamily.   09:09  Professional management vs. self-management of property. 11:31  Self-visualization and motivation. 15:51  Goal-setting. The psychology of taking action. Visualization. 20:52  Gratitude. 22:46  How to find achievement and fulfillment. 29:49  Trade-offs: Single Family vs. Multifamily. 32:18  Should you ever self-manage property? 34:53  Giving yourself a pay raise at work and increasing your rent income on your properties. Resources Mentioned: RodKhleif.com | Text “ROD” to 41411 NoradaRealEstate.com TheRealAssetInvestor.com/GRE HighlandsMortgage.com MidSouthHomeBuyers.com GetRichEducation.com GREturnkey.com SpotCrime.com  
Released:
May 12, 2017
Format:
Podcast episode

Titles in the series (100)

This show has created more financial freedom for busy people like you than nearly any show in the world. Wealthy people's money either starts out or ends up in real estate. But you can't lose your time. Without being a landlord or flipper, you learn about strategic passive real estate investing to create wealth for yourself. I'm Show Host Keith Weinhold. I also serve on the Forbes Real Estate Council and write for Forbes. I serve you ACTIONABLE content for cash flow on a platter. Our bottom line in real estate investing together is: “What’s your Return On Time?” Where traditional personal finance merely helps you avoid losing, you learn how to WIN. Why live below your means when you can expand your means? Since 2002, international real estate investor Keith Weinhold owns multifamily apartment buildings to single family homes to agricultural real estate. New episodes are delivered every Monday.