CFD 150 - Keith Weinhold Warms Us Up to the Idea of Earning Stone Cold Cashflow in Alaska!
Since 2002, Cash Flow Diary podcast guest Keith Weinhold has been investing in Alaskan properties and earning killer cashflow in that market. Keith has invested in multi-family dwellings, single-family houses, and what he calls “vacant investment land,” as well as oil and gas… and now coffee (agricultural lands). You can hear more about him and what he does by tuning in to his Get Rich Education podcast in iTunes. Keith wasn’t born and raised in Alaska. He found happiness in Anchorage, and says the money followed. He’s in a place he loves… and that he loves to invest in. For Keith, the path to being a Real Estate Investor wasn’t exactly planned. He was working a W-2 job, putting money aside that he eventually used as a down payment on a four-plex. He lived in one unit while renting out the other three. That proved to be a smart move, but he wasn’t prepared for all he’d have to do as the property manager (a.k.a., tenant manager). He made a lot of mistakes and soon learned that fixing toilets and tending tenants’ needs wasn’t the greatest and best use of his time. He could hire someone else to do that while he spent his time on his investing business. The road was clear for him to leverage his position as an investor and get more properties under his belt (and into his portfolio). Keith says he started with his end goal as an investor in mind and worked his way backward from that goal to get what he wanted. By his second four-plex he had fully embraced the concept of using other people’s money (OPM). Nothing could keep him from Real Estate Investing success! Keith kept learning and earning, making bigger and bigger investments… and not just in Alaska. Learn how he initially got on the Real Estate Investing Road to Success and how he puts OPM to use in really big ways.