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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10/25/09: Halloween Horror Stories
In the haunted house for this spooky show are:
- Host, Robert Helms
- Co-Host, Russell Gray
- “The Godfather of Real Estate” Bob Helms
We love real estate and believe it’s arguably the greatest wealth building vehicle available to the average person. Robert Kiyosaki says, “Real estate is freedom.”
But (and it’s a BIG but) sometimes real estate is a real pain in the butt. When (not if) problems happen to you, how you approach the challenge will often dictate whether and how well you solve it. Most importantly, what you takeaway from the experience will be a major factor in your future success.
So once a year, and only once a year, The Real Estate Guys dedicate an entire show to our now famous (infamous?) Halloween Horror Stories (lightning, thunder, scary organ music…).
On this year’s edition we talk about these eerie real life cases:
- The Smokin’ Deal
- I Don’t Need No Stinking Permits
- Security You Can Bank On
- Who Let the Dogs Out?
- The Case of the Mysterious Owner
For each ghoulish case, the Guys describe the Problem in gory detail before moving on to the real life (and other possible) solutions. Then, the story is wrapped up with a valuable take away lesson.
Someone paid full price for the lesson, but when you listen to The Real Estate Guys, you can get the lesson for free – or at least really, really cheap!
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Garrett Sutton to Cruise with The Real Estate Guys!
Great news! Rich Dad Advisor and Asset Protection Attorney Garrett Sutton has joined the faculty for The Real Estate Guys 8th Annual Real Estate Investor Summit at Sea!
Garrett has been a frequent guest on both The Real Estate Guys Radio and TV Shows. He is an expert in Asset Protection, Estate Planning and Entity Strategies for real estate investors. He is one of the longest tenured advisors to Rich Dad Poor Dad author Robert Kiyosaki.
Now, YOU have the opportunity to spend an ENTIRE WEEK with Garrett Sutton on The Real Estate Guys 8th Annual Summit at Sea. Just imagine attending classes taught by Garrett and the other Summit Faculty while sailing the beautiful Caribbean ocean on the way to Belize, Roatan and Cozumel! Enjoy meals, cocktails and conversation with Garret and the other teachers and students.
This is a RARE OPPORTUNITY to enjoy extensive quality time with one of the most famous experts on asset protection strategies for real estate investors and business owners. Best of all, it’s all included in the price of the Summit!
The REAL Book of Real Estate by Robert Kiyosaki and Friends
The REAL Book of Real Estate
by Robert Kiyosaki and 22 Contributing Co-Authors
He’s back.
Robert Kiyosaki, author of Rich Dad Poor Dad, one of the best selling books in history, is back talking about real 
estate! Why now? He says the rules have changed and the numbers make sense again.
In The REAL Book of Real Estate, Kiyosaki compiles real estate investing wisdom from 22 veteran experts. The Real Estate Guys had a chance to talk personally with Mr. K. about this book and the unusual timing of its release. You would think that a book on real estate investing would be a hard sell in this post meltdown world. And it is.
But the book was released now to help investors who’ve only known boom times. It shares the knowledge and perspectives of veterans who’ve survived and thrived through previous real estate market cycles (which is lesson #1: real estate cycles, it doesn’t disappear). If real estate isn’t “over”, then the question remains: where are the opportunities and how can I find or create them? That’s what this book addresses. It might be a bad time to sell a book on real estate investing, but that might make it a great time to pick up bargain properties. This book will teach you many of the things you need to know.
What we like best about it is that it’s immensely readable. It isn’t a book about theory. It’s very real world practical. And you can start anywhere, as each author’s work is a stand alone discussion about their particular area of expertise. It’s as much a reference manual as an educational work.
We like it. We’ve been around real estate for awhile and we learned a lot. We think you will too.
Order your copy today – and be sure to visit the archives to listen to The Real Estate Guys’ exclusive interviews with Robert Kiyosaki and many of his contributing co-authors. Let us know what you think!
