Episode 24: Do I Wait to Buy Real Estate with Economic Uncertainty?
Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of “How To Make Big Money in Small Apartments,” and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy talk about a perfect topic for a new year – mindset and what it takes to overcome doubts and procrastination and get started on achieving your long-range goals.
Brief overview of this episode:
We all know the real estate market is changing. In this episode, Lance and Randy share why these changes are creating a fantastic opportunity. However, the current market requires the investor to “be smart.” Learn tactics to “buy smartly” and discover why this is an optimal time to buy small apartments.
Highlights from the interview:
02:09 What does buying “smartly” mean?
04:27 Lance states his exact phrasing to get seller financing in a deal.
06:10 Randy shares his perspective on buying real estate now.
08:25 Lance talks about adjustable-rate mortgages and their impact in today’s market.
09:27 Randy shares two “rules of thumb” when investing in real estate.
10:25 Lance discusses a CBRE chart of home values for the last 60 years and what this report says about buying real estate now.
13:35 Randy and Lance offer their opinions about mortgage rates.
14:45 Lance reveals the fundamentals of buying property smartly.
15:09 Randy and Lance talk about the win-win of seller financing.
18:10 Why buying and selling real estate is not just about price.
20:38 Lance reveals how to create forced appreciation.
Resources:
● Explore www.LanceEdwards.com to learn more about Lance's training and real estate investment opportunities.
● Sign up for Randy's newsletter at www.LifetimeParadigm.com and learn about Randy's services and get his FREE “Financial Independence Toolkit” at www.LifetimeParadigm.com/toolkit
If you want to learn how to earn a high return on real estate investments, go to www.FreeApartmentsBook.com to receive a FREE copy of Lance's best-selling book, “How to Make Big Money in Small Apartments.”
16 Feb 2023
Episode 23: What Should You Do with Your Cash?
Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of “How To Make Big Money in Small Apartments,” and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy talk about a perfect topic for a new year – mindset and what it takes to overcome doubts and procrastination and get started on achieving your long-range goals.
What you’ll learn in this episode:
Investment options are in flux right now. Interest rates on typical investments have been at an all-time low for the last 12 years, and many people have their retirement funds in cash. Due to the fed raising interest rates on borrowed money, many investment options are improving -- in many cases dramatically. This trend may only last a year or so. To take advantage of the changing economic environment, check out this podcast.
Highlights from the interview:
01:32 Are you sitting on cash with nowhere to put it? Lance reveals where he puts his money.
02:40 Cash is King! Randy explains why.
04:18 For the last 12 years, CDs have only been providing about a 0% interest rate. Is that changing?
04:59 The “yield curve” is defined.
07:55 Where can you get 4.5% interest in a safe investment in three months? Randy reveals! (hint: treasurydirect.gov)
15:56 While rates are higher now than they’ve been for CDs, are there disadvantages to investing in CDs?
17:25 Lance explains self-directed IRAs and elaborates on the pros and cons.
20:06 Randy expands on the benefits of self-directed IRAs.
24:22 Randy asks Lance if we are in a buyer’s or seller’s real estate market and segues to the next episode.
Resources:
· Go to www.LanceEdwards.com to learn more about Lance and his investments.
· Sign up for Randy’s newsletter at www.LifetimeParadigm.com and learn about Randy’s services.
· If you want to learn how to earn a high return on real estate investments, go to www.FreeApartmentsBook.com to receive a FREE copy of Lance’s best-selling book, How to Make Big Money in Small Apartments.
Get Randy’s FREE “The Financial Independence Toolkit” at www.LifetimeParadigm.com/toolkit
16 Feb 2023
Episode 22: The 4 D’s – How to Simplify Your Day to Do Less and Get More Done
Financial Independence: A Better Perspective is a new podcast hosted by Lance Edwards, bestselling author of "How To Make Big Money in Small Apartments," and Randy Luebke, Founder of Lifetime Paradigm, Inc., an organization dedicated to helping clients to and through their retirement by fixing broken retirement plans, putting them back on track and making up for both lost time and insufficient savings. In this episode, Lance and Randy talk about a perfect topic for a new year – mindset and what it takes to overcome doubts and procrastination and get started on achieving your long-range goals.
Brief overview of this episode:
Most people's time is consumed by meaningless tasks, junk mail, and inappropriate use of their skills. Randy's secret to simplifying your life, making better use of your time, and being more effective is implementing the "4Ds."
Highlights from the interview:
00:56 Lance asks Randy, "What is the first "D" in the "4Ds."
Randy and Lance describe the hows and whys of the 4Ds:
01:05 D1 is "Don't do it!"
02:40 D2 is "Delegate it!"
05:08 D3 is "Do it now!" Randy says to use the 2-minute rule. Lance's requirement is "don't touch it twice."
07:00 D4 is "Delay it." Randy explains that this is not the same as procrastination. Instead, it is "purposeful delaying."
08:02 Lance summarizes the tactics described so far.
08:28 Lance adds an additional practice to simplify your day and be more productive.
09:20 Lance recommends a book, "Atomic Habits." He quotes, "We don't rise to the level of our goals. We fall to the level of our habits."
Resources:
● Recommended reading: "Atomic Habits," by James Clear to learn about habits and behavioral change.
● Buy Lance's upcoming book (launching on Amazon on March 1st), "Apartment Alchemy: 50 Ways Small Apartment Owners Can Boost Their Cash Flow and Wealth." 200% of the proceeds of this book are going to the Intrepid Hero's Fund when you purchase on Launch Day, Mar 1st.
● Go to www.FallenHeroesFund.org to learn about this fantastic charity.
● Explore www.LanceEdwards.com to learn more about Lance's training and real estate investment opportunities.
● Sign up for Randy's newsletter at www.LifetimeParadigm.com and learn about Randy's services and get his FREE “Financial Independence Toolkit” at www.LifetimeParadigm.com/toolkit
● If you want to learn how to earn a high return on real estate investments, go to www.FreeApartmentsBook.com to receive a FREE copy of Lance's best-selling book, “How to Make Big Money in Small Apartments.”
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