Richard Baker
2 things Richard uses or recommends, from 1 episode.
Richard's top picks
What Richard uses or recommends most, ranked by how often and how strongly. Paid ads are left out.
Recommends it · 1 episode
"I wake up every morning and the first thing I do when I wake up is I think about three things that I'm very grateful for. And in the evening before I go to bed, I think about three things that I'm very grateful for. And I basically rewired my brain because I used to wake up and like, 'Oh my god, what do I have to do?' And I'd go to bed like, 'Oh, I got all these problems.' And now it's totally changed the way I feel and the way I live."
Recommends it · 1 episode
"Let's call smart debt non-recourse debt. We should all take as much non-recourse debt as we can get our hands on. Non-recourse debt is debt that's only recourse to your LLC. So if for some reason the property goes bad and doesn't pay the interest or doesn't pay the amortization, all the bank can do is take back that one property. My business model is to put as little equity in every deal as I can and to take as much non-recourse debt as possible. If you believe in a world that's going to have a lot of inflation, you want to buy as much real estate as possible with as much non-recourse debt as possible and you're going to make a lot of money."
All 2 of Richard's picks
- Gratitude journaling Recommends it "I wake up every morning and the first thing I do when I wake up is I think about three things that I'm very grateful for. And in the evening before I go to bed, I think about three things that I'm very grateful for. And I basically rewired my brain because I used to wake up and like, 'Oh my god, what do I have to do?' And I'd go to bed like, 'Oh, I got all these problems.' And now it's totally changed the way I feel and the way I live." +1 other
- Non-recourse debt Recommends it "Let's call smart debt non-recourse debt. We should all take as much non-recourse debt as we can get our hands on. Non-recourse debt is debt that's only recourse to your LLC. So if for some reason the property goes bad and doesn't pay the interest or doesn't pay the amortization, all the bank can do is take back that one property. My business model is to put as little equity in every deal as I can and to take as much non-recourse debt as possible. If you believe in a world that's going to have a lot of inflation, you want to buy as much real estate as possible with as much non-recourse debt as possible and you're going to make a lot of money." Only Richard