4/25/10: LIVE! from the 8th Annual Investor Summit at Sea
Most of the time when we do a show, our producer keeps us locked up in the cold, lonely studio with our headphones on. And even though we have each other, we have to use our imaginations to see our listeners. But this week, we get to do the show in front of a LIVE STUDIO AUDIENCE! Better yet, we’re aboard a cruise ship sailing through the Caribbean! Best of all, we’re hanging out with some the brightest, most committed real estate investors on the planet. Toss in our SPECIAL GUESTS and the whole experience is over the top awesome!
On board and behind (and in front) of the microphones on the beautiful Carnival Triumph for this week’s show:
• Your Captain and a mighty sailing man, host Robert “Skipper” Helms
• Your brave and sure first mate, co-host Russell “Gilligan” Gray
• The Godfather of Real Estate, Bob Helms
• Rich Dad’s Asset Protection Advisor, Garrett Sutton
• Rich Dad’s Real Estate Advisor, Ken McElroy
• Rich Dad’s Creative Finance Advisor, Wayne Palmer
• International Real Estate Developer, Beth Clifford
• International Entity Planner, Attorney Mauricio Rauld
• Special guest from Puglia’s restaurant in Little Italy, New York; featured entertainer in Adam Sandler’s Big Daddy, the one and only Jorge Buccio
• Fine passengers that sailed that day, a cast of thousands (okay, maybe a few dozen), our live Summit at Sea audience!
As we’re stuffing the faculty and studio audience into the Big Easy Piano Bar for this live taping, we quickly that discover fitting everyone in (physically into the room, but also getting their comments into a one hour broadcast) is anything but easy! However, the Skipper quickly takes control and before we know it, we’re off and running.
After some brief opening remarks, the Skipper asks each of the Summit Faculty to share their insights and reflections on the remarkable week we’ve all had together. For the Rich Dad Advisors, this was their first (but hopefully not last!) Summit with The Real Estate Guys™. They’ve all heard Robert Kiyosaki call us wild and crazy, but now they had a chance to observe it first hand. Of course, none of that stuff makes it into the show because Summit Rule #1 is “what happens at sea stays at sea”. Sorry! Join us next year and then you can be a Summit Insider too!
For today’s show, each Faculty Member shares some of the highlights from their Summit presentations.
Ken McElroy taught on how he approaches real estate in today’s economy. This is a guys who has over 10,000 doors under his control and is actively acquiring more…in spite of the “bad” real estate market.
Garrett Sutton spoke on state-of-the-art asset protection structures for real estate investors. He also did a class on how to properly structure deals using investors and partners. Many well meaning people end up in trouble when they raise money to buy real estate – simply because they don’t know what they don’t know. Considering that syndicating is arguably the fastest path to big deals and big bucks, a small investment in knowing how to do it right is time and money well spent!
Wayne Palmer comments about his extensive series of classes on the creative use of private notes. Wayne uses notes for putting together real estate deals which might not otherwise happen. He also uses them to create equity and cash flow from next to nothing! It seems like magic, but during the Summit he revealed some of his trade secrets. Also, he shared the guidelines he follows to mitigate risk and optimize return. His classes were among the most demanding, but also the most popular. Powerful and practical principles for profiting from paper (say that fast 10 times).
Beth Clifford wowed the group with her amazing presentation on the how and why of going offshore with some of your investments and business ventures. Hers was one of the most popular topics at the Summit, even with the faculty! Wayne Palmer said Beth’s presentation stretched his brain and was his favorite of the Summit. Now THAT’S saying something!
Mauricio Rauld expanded on the concept of international investment and business structures – and how to avoid the dangerous schemes which land so many novices in trouble. There are many valid, legal and ethical structures which can be used to better protect assets, protect privacy and mitigate taxes.
There’s a lot more that happened on the Summit which just can’t fit into the radio show – even in a summary – including the Apartment Investors Panel, the Ask the Attorneys Panel and the Investor Roundtables. Plus the fun in the sun real estate shore excursion in Belize, the more fun in the sun beach party in Cozumel and all the private shipboard parties. Alumni will never look at a napkin the same way again!
Going into the Summit, we weren’t sure what the Rich Dad Advisors would think by the end of the week. After all, they get to hang out with Robert Kiyosaki and talk in front of crowds of thousands! But when it was all said and done, they had a great time. Don’t take our word for it. Listen to the show and you can hear it for yourself!
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To get in on the EARLY BIRD deals for the 2011 Investor Summit at Sea, use the Feedback page to send us your request. You’ll be given an opportunity to sign up at the lowest public price. And after listening to this show, why wouldn’t you want to be with us on the 9th Annual Summit at Sea?
11/8/09: What the HECM? The Realities and Risks of Reverse Mortgages
No, that’s not a typo. HECM stands for Home Equity Conversion Mortgage, the FHA brand of reverse mortgages.
“What the HECM is a reverse mortgage and what the HECM does a real estate investor care about them?” you may ask. Well, that’s what today’s show is all about!
Sitting backwards in their chairs for today’s episode:
- Host, Robert Helms
- Co-Host and Financial Strategist, Russell Gray
- The Godfather of Real Estate, Bob Helms
- Certified Mortgage Planner and Reverse Mortgage Expert, Mark Soto
Consistent with The Real Estate Guys’ policy of “No Listener Left Behind”, we open the show explaining the basics of what a reverse mortgage actually is and how it works. They sound simple, but when you have bankers, lawyers and politicians involved, simple goes out the window! Plus, today’s products aren’t your parents’ reverse mortgages – well, actually they may be (depending on how old your parents are), but the point is that the product has changed a lot since it was first introduced. Mark Soto brings us up to speed on the state of the art.
Mark explains who qualifies and the various options for getting cash, cash flow or credit. One very important discussion topic is the role of FHA insurance. We also take the time to deal with several of the many misconceptions about reverse mortgages and how this product fits into our “new” economic landscape.
The Real Estate Guys really enjoyed the real life stories Mark shares about how his clients have used reverse mortgages creatively. As real estate investors, we’re most interested in how to use any tool in our toolbox to make a profit, improve cash flow, avoid taxes and protect assets. We wrap the show up by delving into these hot topics.
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