Deal Alchemy™ - Cash Flow to Debt Paydown

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

Deal Alchemy™ - Cash Flow to Debt Paydown - Video

21:04

Step into the mysterious and visually stunning world of The Electric State as host Francesca Amiker takes you behind the scenes with the creative masterminds who brought Simon Stålenhag’s dystopian vision to life. In this premiere episode, directors Joe and Anthony Russo, stars Millie Bobby Brown and Chris Pratt, writers Christopher Markus and Stephen McFeely, and producers Angela Russo-Otstot and Chris Castaldi reveal how they transformed a haunting graphic novel into an epic cinematic experience. Watch The Electric State coming to Netflix on March 14th. Check out more from Netflix Podcasts . State Secrets: Inside the Making of The Electric State is produced by Netflix and Treefort Media.…

about a year ago 25:56

MP3•एपिसोड होम

Deal Alchemy™ - Cash Flow to Debt Paydown

There are four primary returns from investing in rental properties: appreciation, cash flow, debt paydown, and the tax benefits of depreciation. Additionally, there is a secondary return in the form of the interest earned on the reserves required to make the investment in the first place.

Many real estate investors prefer the cash flow return over the others.

Often, we can manipulate the investment to shift returns between appreciation, cash flow, debt paydown, tax benefits, and reserves. We call this Deal Alchemy™.

There are many variations of Deal Alchemy™, but in this mini-class, James will guide you through the process of shifting your return from cash flow to debt paydown, resulting in a higher overall return.

Check out the video from this class here:

In this class, James discusses:

The definition of alchemy
What is Deal Alchemy™
How to manipulate returns and move them between quadrants
An example of utilizing a 15-year mortgage instead of a 30-year mortgage to change the return to debt paydown
Plus much more...

Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

https://RealEstateFinancialPlanner.com/spreadsheet

Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.

154 एपिसोडस

#Trading #Entrepreneur #Business #Real Estate Financial Planner LLC and James Orr #James Orr #Spokane Real Estate Financial Planner #Spokane Real Estate Investing #Spokane Real Estate Investor

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

Deal Alchemy™ - Cash Flow to Debt Paydown

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

published about a year ago

साझा करें

MP3•एपिसोड होम

Deal Alchemy™ - Cash Flow to Debt Paydown

Many real estate investors prefer the cash flow return over the others.

Often, we can manipulate the investment to shift returns between appreciation, cash flow, debt paydown, tax benefits, and reserves. We call this Deal Alchemy™.

Check out the video from this class here:

Deal Alchemy™ - Cash Flow to Debt Paydown - Video

In this class, James discusses:

The definition of alchemy
What is Deal Alchemy™
How to manipulate returns and move them between quadrants
An example of utilizing a 15-year mortgage instead of a 30-year mortgage to change the return to debt paydown
Plus much more...

Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

https://RealEstateFinancialPlanner.com/spreadsheet

Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.

154 एपिसोडस

#Trading #Entrepreneur #Business #Real Estate Financial Planner LLC and James Orr #James Orr #Spokane Real Estate Financial Planner #Spokane Real Estate Investing #Spokane Real Estate Investor

सभी एपिसोड

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets of Inspections 1:08:18

2 days ago1:08:18

1:08:18

Learn the secrets of real estate inspections when buying in Spokane. This class is Module 31 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: An overview the entire inspection process including choices and paperwork required What level of inspection are you doing prior to going under contract? Why dates and deadlines are critically important for keeping your earnest money or preventing a lawsuit What can you inspect during your inspection period… and what’s off limits? Why you need to operate in good faith and what that means Can buyers object to anything and everything? The answer may surprise new investors. Can buyers use inspections as a “I changed my mind” clause? Can buyers use inspections to terminate if they can’t find a buyer for their wholesale deals? What constitutes inclusions for a contract? And, can you object to the inclusions? What things that are not attached to the property are actually included? Is it true you can object to activities, odors, noises or how you might expect the occupants to be affected by such things? Can you object to not having fast internet? Or, other utilities? How objecting and resolutions work according to the paperwork Who are the parties involved in the inspection… including one you probably didn’t expect that can kill your deal Tips on negotiating win-win inspections Why you should insist on adding these extra dates to your inspections that most folks do not What happens if repairs are not done prior to closing What special title insurance add-on should you get if you’re objecting on inspection How to encourage a seller to accept your preferred inspection resolution suggestion Plus much more... Check out the video and additional resources related to Secrets of Inspections . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets of Wholesaling 53:06

9 days ago53:06

53:06

Learn the secrets of wholesaling real estate in Spokane. This class is Module 30 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What are the different variations of wholesaling real estate and what are some of the pros and cons of each. What is a strategy similar to wholesaling where you can do half the work and earn the same amount of money… or earn twice as much money easier? What are the most common ways to finance properties that you’re wholesaling? And what are some of the more unusual ways? Is wholesaling typically an active or passive investment? How long do you typically hold wholesale properties for? And, why might you change that? How do you typically exit a wholesale property? How does your buyer typically finance the purchase when they buy from you? Is the wholesale strategy typically for real estate investors or real estate entrepreneurs… and what’s the difference? How much money is typically required to wholesale properties? What are some of the less common money requirements? What credit is required to wholesale? And, what are some less common credit-related requirements? What are the primary skills required for the real estate wholesaling business? Is the wholesaling strategy actively or passively stable? And, what does that means in terms of the entire business blowing up in your face? How scalable is the wholesaling strategy? What is your risk exposure when wholesaling real estate? What are some of your risks? How does that increase with certain sub-strategies? How quickly do you make money when wholesaling? What amount of money do you make at that interval? How does one typically find wholesale deals? What are some of the more unusual ways to find deals? What do you use to analyze wholesale properties? What are the ideal market conditions for the wholesale strategy and what is a challenging market to utilize this strategy in? How accessible or available are viable wholesale properties? Can you utilize your retirement money with the wholesale real estate investing strategy? Plus much more... Check out the video and additional resources related to Secrets of Wholesaling . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets of Rent Comps 59:07

16 days ago59:07

59:07

Learn the secrets of determining fair market rent on properties in Spokane. This class is Module 29 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: Why rents are not an exact number and what they really are At the end of the day, what is rent ultimately An overview of an easy method of determining fair market rent, a basic way and an advanced way and which you will likely want to use Why use “comparables” to determine rents What dimensions should we use to determine comps? Which are the most important factors for rent comps? How 6 people all looking at the same thing can all see something different and all be wrong Finding rent comps Using proximity to find appropriate rent comps Using the type or style of a property to narrow down rent comps Using square footage for narrowing down rent comps Using the age of the property to determine rent comps Narrowing the net to better determine fair market rent Evaluating your current competition to determine rent on your property The difference between “asking rent” and “rent received” A warning if you find yourself struggling to find rent comps What is the value of upgrades to a rental property How to make market-based rent adjustments An example going through how to determine rent on a property and what we ultimately ended up getting when we rented the property What my property manager uses as their process to determine fair market rent A note on getting rent comps when buying new construction properties Using the monthly payment on a new purchase to set rent on a property Tips on how to analyze properties now that we’ve covered rent comps Plus much more... Check out the video and additional resources related to Secrets of Rent Comps . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets of Insurance 56:59

23 days ago56:59

56:59

Learn the secrets of insurance for real estate investors in Spokane. This class is Module 28 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: Why you should not be penny-wise and pound-foolish with insurance and your real estate investments. The importance of having a strong relationship with your insurance agent/broker as a real estate investor. The difference between a captive insurance agent and an independent insurance broker… and why it matters. Why insurance policies are like snowflakes… and what you need to do about it. The importance of reading and understanding your insurance policies as a real estate investor. The dangers of jargon in insurance policies and what you should do to address insurance jargon. The importance of pausing before making claims with your insurance policies and the considerations to evaluate: should you make a claim? The importance of maximizing coverage limits for real estate investors. Why you should consider an umbrella policy as a real estate investor and what it protects you from… and what it doesn’t typically cover. How protection typically works with insurance on your properties, autos and umbrella. What might it cost and what value of protection might you get from an umbrella insurance policy? Why you should compare the premium/deductible on your properties for deal analysis. What are some holes most insurance policies have and what extra coverages might you get to plug those holes? Understanding replacement cost versus actual cash value as a real estate investor. Understanding the value of extended replacement costs and why it makes sense… especially in fast appreciation markets. How the payout might work for a roof replacement with replacement cost versus actual cash value. What strategies should you insist on extra insurance for the contents of your property? Why should you insist on a renter policy from all your tenants? What are some of the other insurance options you might consider as an investor? Plus much more... Check out the video and additional resources related to Secrets of Insurance . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets of Contract to Close 1:09:23

4 weeks ago1:09:23

1:09:23

Learn the secrets to what happens while you're under contract to buy an investment property in Spokane. This class is Module 27 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What happens once you’re under contract through when you’re closing on a property? What due diligence should you be doing? Who is responsible for managing the dates and deadlines in a real estate contract? What is meant by good faith? When do you verify rent on the property? When do you bring in a contractor to verify costs of repairs? When do you verify HOA restrictions? What should you do immediately after having a contract accepted by the seller? What should you be doing during your title period? What does the real estate agent do? What should you be doing during the association review period? What should your real estate agent/broker do? What must you do regarding the Seller’s Property Disclosure? What should you be doing during the loan application period? How does the appraisal deadline work? What should you be doing? What does your real estate agent do? What should you be doing regarding surveys on properties? What due diligence should you be doing during the inspection period? What three things should you get from your dream team prior to inspecting the property? What should you be doing during the insurance period? Plus much more... Check out the video and additional resources related to Secrets of Contract to Close . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets to Improving Cash Flow 1:24:37

5 weeks ago1:24:37

1:24:37

Learn the secrets to maximizing cash flow on rentals in Spokane. This class is Module 26 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include how to improve cash flow: When selecting a real estate agent/broker Locking/floating your mortgage interest rate Searching for less expensive properties Searching for pretty properties that don’t need work Searching for properties and negotiating for seller concessions Searching for properties with creative financing When selecting a lender/mortgage broker When selecting a loan based on closing costs Offering less than list price when buying properties Paying for closing costs upfront instead of financing them Pre-paying Private Mortgage Insurance (PMI) instead of paying it monthly Getting a staggered rate mortgage Buying down your mortgage interest rate Improving your credit score Adding a strong borrower to the loan Removing a weak borrower from the loan Getting a loan partner Signing up for auto-pay Having additional accounts or relationship with your lender Changing the amortization of the loan including interest only loans, negative amortization loans Improving your interest rate from changing loan durations Extending the repayment period Changing the amount borrowed Changing your loan-to-value of the mortgage Accepting an adjustable-rate mortgage Eliminating PMI Pre-paying PMI Utilizing a rate and term refinance before acquisition Doing a cash out refi to buy/refi a property Paying cash for a property instead of financing it When getting private or creative financing Formally assuming a mortgage Changing the term of the lease Utilizing lease-options Niching down and catering to a specific group of tenants Utilizing roommates, renting by bed/bedroom and/or renting by parts Subdividing the property Upgrading the property Installing solar Furnishing the property Converting the property to more optimal configurations Collecting improvement rent Optimizing the marketing of the property Maximizing exposure when marketing Improving your sales skills to tenants and tenant-buyers Optimizing showings Refinancing the property to extend term and/or improve rate Paying off the loan completely Correcting inaccurately assessed properties Voting to minimize taxes Shopping insurance rates Changing insurance coverages Changing who is insured Changing insurance deductibles Requesting PMI be removed Getting discount for auto-pay Getting discount for early payment Self-managing the property Hiring a professional property manager Managing your property manager Insisting on best property management practices Maintaining your property Using quality materials in your property Accelerating depreciation Offering additional paid services to tenants Offering done-for-them services to tenants Correctly billing back for services included Tiering rent by credit score Collecting pet rent Changing billing frequency Offering auto-pay Offering discount for early or on-time payments Insisting on ample notice of lease renewal Marketing early for next tenant Renewing leases during peak season Insisting on tenant’s having renter’s insurance Plus much more... Check out the video and additional resources related to Secrets to Improving Cash Flow . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets to Low and Nothing Down Strategies 1:13:27

6 weeks ago1:13:27

1:13:27

Learn the secrets to buying investment properties with little or no down payments in Spokane. This class is Module 25 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What are the loans you use to invest in real estate with little or no down payment? What are the real estate investing strategies you can use to invest in real estate with little or no down payment? Why it makes sense… sometimes… to not do a deal even if it is low or nothing down. What are the best nothing down options and why? What are the best low down payment options and why? What are all the creative financing options and how can they be low or nothing down? Which are the loans that you borrow down payments for? What is the special loophole for borrowing down payments from partners? What is the limiting factor in doing some of the nothing down strategies? And, how do you overcome it? Which strategies are going to be more likely to be low and nothing down? How do you utilize traditional buy and hold with low and nothing down options? How do you house hack with low and nothing down options? How to use roommate income to help qualify for mortgages. How do you utilize the Nomad™ real estate investing strategy with low and nothing down options? How do you fund the purchase of your entire real estate portfolio starting with just one—no down payment or low down payment—property purchase? How do you BRRRR with low and nothing down options? How do you flip properties with low and nothing down? How do you wholesale properties with little or no down payments? How do you utilize real estate entrepreneurship and creative financing to do deals with little or no down payment? How do you use option fees to eliminate the need for down payments? How do you combine a low/nothing down BRRRR strategy with short-term rentals or student rentals? How do you do short-term rentals or student rentals without owning properties? How to utilize partners and structure partnerships to eliminate the need for down payments? Using a magical concept to take financing with you from previous properties to eliminate the need for down payments on future purchases? Better than nothing down: how do you pull money out when you buy? Plus much more... Check out the video and additional resources related to Secrets to Low and Nothing Down Strategies . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets to Risk Mitigation and Elimination 1:31:47

7 weeks ago1:31:47

1:31:47

Learn the secrets to eliminating or, at least, mitigating the risks when investing in real estate in Spokane. This class is Module 24 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: How to think about risks in terms of severity and likelihood and which are the most devastating? For each risk: what is it, how can we mitigate its impact or completely eliminate it, and what to do if we find ourselves dealing with each one? Which risks are insurable and can be mitigated or completely eliminated? What are the risks associated with how much you put down when buying properties? What are the risks with rental property expenses increasing (like taxes, insurance or maintenance)? What are the risks associated with variable rate mortgages? What are the risks of loans being called due… and how can we avoid it? What are the risks of having neighborhoods decline in desirability, values and rents and what to do about it? What if rental demand declines? How do we deal with functionally obsolete properties? How do we deal with massive foreclosures? How to do we deal with emotionally stigmatized properties? How do we deal with tenants trashing a property we own? How do we deal with the dual impact of mortgage interest rates rising? How do we deal with a tenant not paying rent? How do we address missing costly things on inspection? How to deal with inadequate reserves or not having enough liquidity? How do we deal with zoning and regulatory issues? What can be done about over-leveraging? How to address poor property management? How do we deal with excessive tenant turnover? What about the risks of fraud or scams? Plus much more... Check out the video and additional resources related to Secrets to Risk Mitigation and Elimination . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets to BRRRR 40:23

8 weeks ago40:23

40:23

Learn the secrets to the BRRRR real estate investing strategy in Spokane. This class is Module 23 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What are the different variations of the Buy, Rehab, Rent, Refi (and Repeat)—commonly abbreviated as the BRRRR strategy—and what are some of the pros and cons of each. What are the most common ways to finance BRRRR properties? And what are some of the more unusual ways? Is the BRRRR strategy typically an active or passive investment? How long do you typically hold BRRRR properties? And, why might you change that? How do you typically exit a BRRRR property? How does your buyer typically finance the purchase when they buy from you? Is the BRRRR strategy typically for real estate investors or real estate entrepreneurs… and what’s the difference? How much money is typically required to utilize the BRRRR strategy? What are some of the less common money requirements? What credit is required to do the BRRRR strategy? And, what are some less common credit-related requirements? What are the primary skills required for the BRRRR strategy? Is the BRRRR strategy actively or passively stable? And, what does that means in terms of the entire business blowing up in your face? How scalable is the BRRRR strategy? What is your risk exposure with the BRRRR strategy? What are some of your risks? How does that increase with certain sub-strategies? How quickly do you make money with the BRRRR strategy? What amount of money do you make at that interval? How does one typically find BRRRR deals? What are some of the more unusual ways to find deals? What do you use to analyze BRRRR properties? What are the ideal market conditions for the BRRRR strategy and what is a challenging market to utilize this strategy in? How accessible or available are viable BRRRR properties? Can you utilize your retirement money with the BRRRR strategy? Plus much more... Check out the video and additional resources related to Secrets to BRRRR . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets to Paperwork to Buy and Sell 1:03:47

9 weeks ago1:03:47

1:03:47

Learn the secrets to the paperwork to buy and sell real estate in Spokane. This class is Module 22 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: How do you get the contracts and disclosures for buying and selling real estate in your market? When and how should you review the paperwork for your real estate investing? What are some of the most common documents and what do they do? What are the major contract sections for the contract to buy and sell? What does each section cover and what should you be aware of for each section? Plus much more... Check out the video and additional resources related to Secrets to Paperwork to Buy and Sell . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets of Comparing Mortgages and Lenders 57:55

10 weeks ago57:55

57:55

Learn the secrets to comparing mortgages, loans and lenders in Spokane. This class is Module 21 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: Why selecting a lender isn’t always about price… and what are some of the other selection criteria to consider. Why just because one lender says it can’t be done, doesn’t always mean that it can’t be done. The best ways to find a lender. How to call lenders to get quotes. Why you shouldn’t let each lender pull your credit and what you should do instead. A list of interview questions for lenders. My email for requesting loan quotes and response rates. What should you provide to each lender to get the best quotes. What you might expect to get back when asking lenders for rate quotes. A spreadsheet for comparing different loan programs. How to compare quotes from different lenders. What should you ignore when comparing loans between lenders? What should you compare? Why you can’t use APR to compare different lenders and loan programs. Comparing appraisals. Getting pre-qualified and getting a lender letter. Why lenders quote rates and points differently and how to deal with it. In an ideal world, what you would receive back from a lender and why it is useful. Special considerations if you’re utilizing a specific real estate investing strategy. Understanding how lenders get paid. Understanding lender fees. Understanding PMI. What you should compare directly when comparing different lenders. The second step when comparing loan programs using a deal analysis spreadsheet. Tips for selecting a lender after comparing loan programs. Getting lenders to compete for the best rate and terms. Additional services that lenders offer beyond getting this loan. Plus much more... Check out the video and additional resources related to Secrets of Comparing Mortgages and Lenders . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets of Analyzing Deals 1:20:16

11 weeks ago1:20:16

1:20:16

Learn the secrets to analyzing deals in Spokane. This class is Module 20 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: Where can you get a free deal analysis spreadsheet to analyze your own deals? Which fields should I fill in when analyzing a deal, and which should be left for the spreadsheet to calculate? What is the difference between ARV (After Repair Value) and purchase price, and when should I use each? Why does Warren Buffett say, ‘It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price,’ and how does this apply to rental properties? What are seller concessions, and how should I account for them when analyzing deals? How should I determine the down payment when analyzing deals? How should I calculate closing costs when analyzing deals, and what should I include or exclude? What is the danger in the relationship between seller concessions and closing costs when analyzing rental properties? What are rent ready costs and what should I include in them on my rental property? How do I deal with buying a rental property with a below market lease in place? How do I deal with having to wait until I own a property to start marketing the property for rent and having a higher initial vacancy and maybe lower rent than expected in the first year? What do you mean by: if you put enough down, most properties will cash flow so by choosing to put small amounts down you are choosing to “finance your down payment” in the form of negative cash flow? And, how do you account for this when analyzing deals? What is included in total invested (for the Return on Investment calculation)? How do you input your mortgage when analyzing deals? How do you enter rents and other income on rental properties when analyzing deals? How do you deal with the vacancy rate when analyzing deals and what do you recommend using for vacancy rate? What impacts vacancy rate? How do you deal with property taxes when analyzing deals and why can’t you just look up what taxes are and use that number? How do you enter property insurance when analyzing deals without calling your insurance agent with each new possible deal? How do you analyze properties with an HOA? What’s something you should consider if you find yourself buying a property with an HOA? How do you deal with legal and accounting fees in your deal analysis? How do you deal with landlord expenses unique to certain properties? How do you estimate and deal with maintenance on the property? How do you estimate and deal with capital expenses on the property? How do you estimate property management costs and why you can’t just use the percent of rents collected they tell you? How do you estimate the depreciation benefit on a rental property? How do you estimate the Cash Flow from Depreciation™ on a rental property? How do you use The World’s Greatest Real Estate Deal Analysis Spreadsheet™ Dashboard to analyze your deal once you’ve entered in the basic assumptions? How can you determine the cash flow, Cash Flow from Depreciation™ , and True Cash Flow™ your rental property is generating? How do you see what the total return you’re earning in dollars is on the rental property? How can you determine the total dollar return you’re earning on your rental property? How do you see what the annualized ROI, compounding ROI and IRR are for your rental property (depending on when you sell it)? How do you easily see and compare the cash on cash ROI and cap rate on the property? How do you easily see what the various returns are on the True Net Equity™ you have in the property? How do you see what the key metrics for the property are like Gross Potential Income, Gross Operating Income, OpEx and NOI? How do you see the annual non-loan expenses for the property? How do you see how much True Net Equity™ and cash out refinance equity—and the cost to access each—for your rental property? Plus much more... Check out the video and additional resources related to Secrets of Analyzing Deals . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets of Flipping Properties 1:02:05

12 weeks ago1:02:05

1:02:05

Learn the secrets to flipping properties in Spokane. This class is Module 19 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What are the different variations of flipping properties and what are some of the pros and cons of each. What are the most common ways to finance property flips? And what are some of the more unusual ways? Is flipping properties typically an active or passive investment? How long do you typically hold flips? And, why might you change that? How do you typically exit a flip? How does your buyer typically finance the purchase when they buy from you? Is flipping properties typically for real estate investors or real estate entrepreneurs… and what’s the difference? How much money is typically required to flip properties? What are some of the less common money requirements? What credit is required to flip properties? And, what are some less common credit-related requirements? What are the 5 primary skills required for house flippers? Is house flipping actively or passively stable? And, what does that means in terms of the entire business blowing up in your face? How scalable is house flipping? What is your risk exposure with flipping properties? What are some of your risks? How does that increase with certain sub-strategies? How quickly do you make money with flipping houses? What amount of money do you make at that interval? How does one typically find deals as a house flipper? What are some of the more unusual ways to find deals? What do you use to analyze flips? What are the ideal market conditions for flipping properties and what is a challenging market to utilize this strategy in? How accessible or available are viable flip deals? Can you utilize your retirement money to flip houses? Plus much more... Check out the video and additional resources related to Secrets Flipping Properties . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets of Bookkeeping 57:02

13 weeks ago57:02

57:02

Learn the secrets to real estate investor bookkeeping and accounting in Spokane. This class is Module 18 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What are the ways that real estate investors can use to keep their books (track income and expenses) for their real estate investing business? What is the one tool that helps you get and stay organized and allows you to easily share and back up all your digital files? How should you organize your physical/digital files to make it easier to manage the paperwork for your real estate investing business? For real estate entrepreneurs dealing with seller leads, what is the recommended folder/file structure for managing all your seller property information files? How does this change if you’re doing it with physical files versus digital files? Why do you insist on a specific file naming convention? And, what is that naming convention? What is included in a typical Seller Property Information File? How do you recommend setting up your property files for rental properties you own? What is typically kept in the general folder for all properties? What about each individual property file... what do you typically keep in those? What do you typically keep in each entity file? How do you process digital communications (emails, calls, texts, PDFs, etc)? How do you process physical communications (paperwork, mail, bills, letters, etc)? How do you set up your file system for tenants and property management? How do you set up your file system for taxes? What information will you need for each property to do your own taxes or to send to your accountant/CPA? Do we get to deduct the entire mortgage payment? How do we get the number we can deduct? Do we get to deduct the entire capital improvement? How much can we deduct under the safe harbor provision from the IRS? How much can we write off for each mile traveled associated with our real estate investing business? Plus much more... Check out the video and additional resources related to Secrets to Bookkeeping . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets to Getting Your First Deal Done 50:54

14 weeks ago50:54

50:54

Learn the secrets to getting your first real estate investment deal done in Spokane. This class is Module 17 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: A 90-day plan to buy your first rental property. Why there is nothing difficult to do in the real estate investing business and why it is really all about 1 critical skill that anyone can acquire regardless of age, gender, race or income. The resources you need—and we provide as part of the course—for: Determining your real estate investing strategy Understanding your market Managing your rental properties Setting up your asset protection plan with your attorney Achieving financial independence and catching up on saving for retirement Selecting your key dream team member who will refer you to your other dream team members Who should be part of your dream team and why Coming up with or eliminating the need for a down payment The Core Skills required for real estate rentals Financing your rental properties Comparing lenders and mortgages to find the optimal financing for you and your strategy Buying down mortgage interest rates to improve cash flow Understanding the four primary returns on rental properties and the secondary return Analyzing rental properties using The World’s Greatest Real Estate Deal Analysis Spreadsheet™ including single family homes, condos, townhomes, duplexes, triplexes, fourplexes and commercial properties with 5+ units Minimizing rental properties expenses and maximizing rental property income to optimize cash flow Understanding the paperwork to buy and sell real estate Completing your inspection, due diligence and appraisal while under contract to buy the property Understanding and optimizing insurance for your real estate business Determining if you’re over-paying for a property or if you’ll get the price you expect when selling a property Understanding the silent killer of rental properties and how to avoid it Buying a new construction property as an investment Setting up and managing your bookkeeping and accounting for your rental property and real estate investing business Understanding the risks associated with investing in real estate and to how to mitigate some of the risks and completely eliminate some of the other risks Evaluate whether you should sell or refi a property you own using return on equity Deferring taxes on property sales using a 1031 tax-deferred exchange Minimizing and optimizing taxes as a real estate investor Achieving financial independence using real estate Plus much more... Check out the video and additional resources related to Secrets to Getting Your First Deal Done . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets of Return on Investment 55:35

15 weeks ago55:35

55:35

Learn the secrets of return on investment for rental properties in Spokane. This class is Module 16 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What are the 4 primary areas of return on rental properties? And, what is the secondary return? What time period do we typically look at for returns on rentals? How does that change from analyzing the deal to steady-state of owning the rental property? What are the two types of appreciation? Is appreciation just inflation? How much might appreciation be on a typical rental property? What is cash flow? What expenses does cash flow include in its calculation? How much cash flow might you see on a typical rental property? And, what can cause that number to vary... and by how much? How do you think about paying down the loan on rental properties? How much might you be paying down on a typical rental property? What about the tax benefits on rental properties? How much might you see in tax benefits from a typical rental property? How do we account for needing reserves when buying rental properties? Do we earn returns on reserves? What might that look like on a typical rental property? Looking at all the returns in terms of dollars for three distinct cases. A special downloadable spreadsheet for tracking returns on all your rentals. A deeper look into how good these returns are... and introducing a new way to measure returns to compare them to other investments. What gets included as part of “investment” in return on investment calculations—including two unexpected components that most people miss? And, how do we deal with reserves? Examples of what the return on investment might look like for three distinct cases on a typical rental property. When looking at the return on investment from purchase through sale, what gets included as a cost of sale? How do we calculate Net Sale Price, Profit From Sale Before Taxes, Capital Gains Taxes, Depreciation Recapture Taxes, and Profit After Taxes? A look at annualized return on investment, compound return on investment and internal rate of return (IRR) for rental properties... and why you don’t need to calculate these yourself when using The World’s Greatest Real Estate Deal Analysis Spreadsheet™. Why return on investment is perfect when analyzing a property you’re considering buying and when looking at how an investment performed between when you bought it and when you sold it... but why we use something completely different for properties we currently own. Plus much more... Check out the video and additional resources related to Secrets of Return on Investment . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets to House Hacking 1:16:39

16 weeks ago1:16:39

1:16:39

Learn the secrets of house hacking in Spokane. This class is Module 15 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What are the different variations of the house hacking real estate investing strategy and what are some of the pros and cons of each. What are the most common ways to finance house hacking real estate investments? And what are some of the more unusual ways? Is the house hacking real estate investing typically an active or passive investment? How long do you typically hold house hacking real estate investments? And, why might you change that? How do you typically exit a house hacking real estate investment? How does your buyer typically finance the purchase when they buy from you? Is the house hacking real estate investing typically for real estate investors or real estate entrepreneurs... and what’s the difference? How much money is typically required to invest utilizing the house hacking real estate investing strategy? What are some of the less common money requirements? What credit is required to utilize the house hacking real estate investing strategy? And, what are some less common credit-related requirements? What are the 4 primary skills required for house hacking real estate investors? And, how does one of those skills vary depending which strategy you’re utilizing. Is the house hacking real estate investing actively or passively stable? And, what does that means in terms of the entire business blowing up in your face? How scalable is the house hacking real estate investing strategy? What is your risk exposure with the house hacking real estate investing strategy? What are some of your risks? How does that increase with certain sub-strategies? How quickly do you make money with house hacking? What amount of money do you make at that interval? How does one typically find deals as a house hacking real estate investor? What are some of the more unusual ways to find deals? What do you use to analyze house hacking real estate investments and where to get a copy of the spreadsheet you need... for free? What are the ideal market conditions for the house hacking real estate investing strategy and what is a challenging market to utilize this strategy in? How accessible or available are viable house hacking real estate deals? Can you utilize your retirement money to invest in house hacking real estate investments? Plus much more... Check out the video and additional resources related to Secrets to House Hacking . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets to Financing 1:21:04

17 weeks ago1:21:04

1:21:04

Learn the secrets of financing investment properties in Spokane. This class is Module 14 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What are the 14 financing options for buying rental properties? What is PMI and why would you ever pay for insurance to protect the lender? How paying the lender can improve your cash flow and how accepting a little kickback from the lender can reduce your closing costs. The 5 most common loan programs for funding the purchase of your investment properties. The most common loan program—don’t worry... it is also Nomad™ and house hacker approved—and the details on how to use it to buy single family homes, condos, townhomes, duplexes, triplexes and fourplexes with small down payments. The best loan program for those with credit challenges, recent bankruptcies, and/or foreclosures... and how to use it to acquire rental properties—even duplexes, triplexes and fourplexes—with a small down payment. The two nothing-down loan programs and the details on using them. When to go to specialized portfolio lenders... and the pros and—more importantly—the cons of using these special loan programs. More exotic loan programs/sources that fewer people know about and even fewer use... Why it pays handsomely to plan your loans from the beginning to avoid painting yourself into a corner, living with reduced cash flow and locking yourself out of being able to access equity in your properties. The recommended, preferred order of loans for Nomads™ looking to acquire a portfolio of rental properties. The importance of understanding the qualification requirements of your desired loan programs... especially if you’re self-employed. How your credit score impacts your ability to get loans and where to get access to your credit score... for free... to improve it and ultimately improve your cash flow. A simplistic—yet effective—approach to debt-to-income to help you qualify for investor loans and reduce risk. The most often requested loan docs and why/how you should keep a folder with these files at hand for getting new loans. Plus much more... Check out the video and additional resources related to Secrets to Financing . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets to Down Payments 1:42:48

18 weeks ago1:42:48

1:42:48

Learn the secrets of down payments for real estate investing in Spokane. This class is Module 13 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: Why focusing on down payments is short-sighted and what you should be focused on instead. The two primary ways to address down payments; it is not just about generating down payments. Will it work for me? How to apply these strategies to your unique situation. What’s the median down payment for a house by US state? According to the National Association of Realtors (NAR), what are the top sources of down payments for buyers with transactions in 2023? How do we eliminate or reduce the need for down payments altogether? One (obvious) way to reduce down payments... and the little known, but nasty little problems that method creates instead. What price range of properties will give the best cash flow, lowest hassle, best appreciation and best liquidity? Even though we’re not in a strong seller’s market right now, what are some tips for reducing the need for down payments to utilize if we find ourselves in a strong seller’s market again in the future? What are the best low and nothing down loan programs to reduce the need for larger down payments? What are the nothing down financing options we could utilize? 12 powerful strategies to produce the down payments we need to invest in real estate. Why we strongly recommend you don’t utilize the first strategy for come up with down payments. The dirty little secret about your tenants that could help you with down payments in a pinch. How to “rob from Peter to pay Paul” when you’re in a pinch and why this is not the ideal strategy to generate down payments. How to tap into existing property equity to generate down payments to buy your next property... and what to watch out for when utilizing this strategy. How to utilize “rate and term” refinances—not something typically associated with creating down payments—to create some down payment money. What two things must you consider when borrowing money to generate down payments for buying new properties... and when should you walk away from the idea knowing you made the right decision? How to utilize depreciation to fund your next purchase? Tapping retirement accounts for down payments. Tapping family members for down payments and one little tip that moves providence with you when utilizing family members for down payments. Spinning cobwebs into cash flow by converting unwanted items into new streams of money. Learn how to moonlight for mortgages by earning extra money to generate down payments to start and strengthen rental property cash flows. Why house hacking, short-term rentals, and student rentals are like a profitable, part-time side hustle... and how to utilize them to generate down payments. Why starting a fixer upper business could be your golden road to down payments for real estate riches. Down payments by partnering for real estate profits. Generating down payments from rents on existing properties. The magic of utilizing option fees as down payments and how to get previous properties to completely fund the purchase of your next investment property. Mixing and matching to maximize speed and profitability. Plus much more... Check out the video and additional resources related to Secrets to Down Payments . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets to Selecting an Investor-Friendly Real Estate Agent 1:22:15

19 weeks ago1:22:15

1:22:15

Learn the secrets of selecting an investor-friendly real estate agent in Spokane. This class is Module 12 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What is the NAR settlement and how will it likely impact buyers and sellers? What’s the difference between real estate agents, brokers, and REALTORS®? What does the real estate agent do in the transaction? What do the other professionals do? What do you do? Pros and cons of working with one real estate agent versus working with multiple real estate agents? How are brokerage fees paid and what are some typical examples? How do real estate commission splits work? What if a fancy sports car cost the same as a totaled wreck? And, how does this apply to real estate agents? Who saves the commission? A discussion. How to get recommendations for an investor-friendly real estate agent. What real estate agent designations matter and which are fluff? What is the typical annual income of real estate agents before and after taxes/expenses? Why you might want to consider sales volumes as selection criteria. Can you rely on reviews and testimonials? The answer may surprise you. Focusing on real estate agent specialization. Should you hire a lone wolf agent or a team? What are typical value propositions for real estate agents and what else should you look for? What do buyers want most from their real estate agent? Plus much more... Check out the video and additional resources related to Secrets to Selecting an Investor-Friendly Real Estate Agent . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets of Retirement Catch-Up 54:42

20 weeks ago54:42

54:42

Learn the secrets of catching up on saving for retirement in Spokane... with an emphasis on using real estate investing. This class is Module 11 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What do you do if you wake up one morning and realize that you’re behind on saving for retirement? What can you do to get back on track? Or, better yet, what can you do to get ahead? Where do most of us begin? What should we do as our first step? What should we try to avoid? What should we aim for ideally? And, what is the end goal? Why “WHAT” you do with your money matters—especially when catching up on retirement saving. The three primary buckets for catching up... The bucket you can rely on the least and why you have little to no control over that bucket... but the one thing we can do to increase our chances with this bucket. A simple discussion of the second bucket... and what’s one little thing—with the dirty B word—that you can do to help jumpstart your catch up. What are the ways we can increase earnings to help us catch up saving for retirement? A discussion on why time saving for retirement does not seem linear: it doesn’t usually take you 10 times longer to save a million than it takes to save $100K. In fact, it may only take you 3 times as long—or less... with the math proving this to be true. A little trick to get that first $100K faster, easier and with less risk than you imagined A discussion of the last 150 years of S&P 500 annual returns... including some surprising facts about what is normal investing in stocks. How does the last 150 years of S&P 500 annual returns compare to the last 133 years of real estate appreciation? Which one is better? Why do I say that? But, what about leverage? What if we leverage when investing in the S&P 500? What if we leveraged investing in real estate? But, what about the 3 other areas of return with real estate investing... cash flow, debt paydown and tax benefits? How do those come into play? How risky is investing in real estate for appreciation? A preview of upcoming module on risk and specifically our Risk Matrix: Appreciation to understand how likely you were to see property values increase and by how much plus how likely you were to see property values decline and by how much. What might you expect to earn from an unleveraged rental property purchased for all cash? How does the return on investment vary for the same property depending on how you finance it (5% down, 15% down, 20% down, 25% down, 30% down, 40% down and all cash or 100% down). How does the return vary if you opt to utilize a vastly improved cash flow strategy like Nomad™ to Short-Term-Rentals? How can this impact your ability to catch up for retirement? The briefest introduction to a future module on return on equity. Plus much more... Check out the video and additional resources related to Secrets of Retirement Catch-Up . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets of Nomad™ Real Estate Investing 1:18:08

21 weeks ago1:18:08

1:18:08

Learn the secrets of the Nomad™ real estate investing strategy for Spokane real estate investors. This class is Module 10 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What are the different variations of the Nomad™ real estate investing strategy and what are some of the pros and cons of each. What are the most common ways to finance Nomad™ real estate investments? And what are some of the more unusual ways? Is the Nomad™ real estate investing typically an active or passive investment? How long do you typically hold Nomad™ real estate investments? And, why might you change that? How do you typically exit a Nomad™ real estate investment? How does your buyer typically finance the purchase when they buy from you? Is the Nomad™ real estate investing typically for real estate investors or real estate entrepreneurs… and what’s the difference? How much money is typically required to invest utilizing the Nomad™ real estate investing strategy? What are some of the less common money requirements? What credit is required to utilize the Nomad™ real estate investing strategy? And, what are some less common credit-related requirements? What are the 4 primary skills required for Nomad™ real estate investors? And, how does one of those skills vary depending which strategy you’re utilizing. Is the Nomad™ real estate investing actively or passively stable? And, what does that means in terms of the entire business blowing up in your face? How scalable—in terms of net worth—is the Nomad™ real estate investing strategy? What level of net worth is it typically associated with? What is your risk exposure with the Nomad™ real estate investing strategy? What are some of your risks? How does that increase with certain sub-strategies? How quickly do you make money with Nomad™? What amount of money do you make at that interval? How does one typically find deals as a Nomad™ real estate investor? What are some of the more unusual ways to find deals? What do you use to analyze Nomad™ real estate investments and where to get a copy of the spreadsheet you need… for free? What are the ideal market conditions for the Nomad™ real estate investing strategy and what is a challenging market to utilize this strategy in? How accessible or available are viable Nomad™ real estate deals? Can you utilize your retirement money to invest in Nomad™ real estate investments? Plus much more... Check out the video and additional resources related to Secrets of Nomad™ Real Estate Investing . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets of Asset Protection 1:24:22

22 weeks ago1:24:22

1:24:22

Learn the secrets of asset protection for Spokane real estate investors. This class is Module 9 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: My top 10 asset protection tips for real estate investors that you’d be a fool to ignore. The importance of getting bespoke legal advice and why you should never rely on free advice from articles, classes, podcast episodes and forum discussions for your unique situation. What happens if someone sues you when you own a rental property... understanding your risks. What if you own more than one property? How does this change when you own the property in an LLC? What happens if the tenant “wins” the lawsuit? What’s a common setup that asset protection attorneys might recommend for real estate investors... maybe even recommend for you? What might real estate investors utilizing the Nomad™ real estate investing strategy progress through for asset protection... plus the downsides. Why language like “sharks don’t get cancer” can be dangerous for real estate investors and the importance of critical thinking. Why you should never rely on your adversaries being incompetent as an asset protection strategy. What exactly does the “Due on Sale” clause say? You’ll finally read it and understand what it says because I’ll read it to you and discuss it. Why “I’ll just transfer it back” is not a viable strategy if a lender enforces the due on sale clause... I’ll read you the section where this applies too. An introduction to the risk matrix... which you’ll learn more about in the risk module. A clever way to use insurance premiums as a proxy for measuring how risky something is. Evaluating the cost and value you get from auto insurance, property insurance and umbrella insurance for asset protection with actual insurance numbers. Just how risky doing your own work as a handyman/contractor on your rental properties is... with numbers to back it up. Why it is important to realize that you don’t know what you don’t know to properly deal with asset protection for real estate investments. How property equity relates to how much asset protection you need... and what may be a controversial conclusion. The importance of not doing stupid stuff. Plus much more... Check out the video and additional resources related to Secrets of Asset Protection . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets of Hiring and Managing a Property Manager 1:57:24

23 weeks ago1:57:24

1:57:24

Learn the secrets to hiring and managing a property manager in Spokane. This class is Module 8 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: A small tweak to your mindset around renting your property that will change all aspects of your property management... for the better... to make it easier, to lower risk, and improve profitability. How do you find a quality property manager you can trust to handle your valuable assets? Should you go with a one person “mom and pop” superstar as a property manager or a team? A warning sign that your property manager will have a hard time being “firm but fair” with your tenants and advocate on your behalf A detailed list of property manager interview questions... What’s one thing that you should insist your property manager has and why? What are typical property manager services offered and what is more unusual, niche offerings that you may (or may not) be able to easily find? What are the primary and secondary profit centers and fees charged by property managers? What does a typical property manager charge? And, what additional gotcha fees might there be? How do you determine their leasing policy? And, what should you insist on? What is the property manager’s walkthrough policies and what is recommended? How do property managers enforce occupancy limits and how this can save some real estate investors $1,000 per day per person in fees/fines! How does a property manager address tenant qualifications for screening? And, a list of questions to ask them to limit risk, reduce vacancies and evictions and improve profitability in your properties. How much do property managers charge tenants? And, how does that work with the owners? How do property managers deal with maintenance on your properties and how can this be a profit center for them? How do property managers deal with service animals, emotional support animals and pets? How will your property manager disburse rents collected? When? How frequently? When does your property manager start marketing your property for rent to minimize vacancy, maximize rent and reduce risk? How do property managers deal with evictions and the fees associated with them? How do property managers deal with collections when a tenant can’t pay? The ridiculously insane way that some property managers deal with late fees... and what you might do about it. How do property managers deal with rent comps before you buy properties and after they’re managing the property? What if things don’t work out? How do you exit out of a property management agreement? A “gotcha” with hiring a property manager that can cost you upwards of tens of thousands of dollars per property—and a lot more on expensive properties—if you don’t deal with it appropriately. How does your property manager add an additional layer of asset protection to real estate investors? And, what else do they do to reduce your risk and liability exposure? Plus much more... Check out the video and additional resources related to Secrets of Hiring and Managing a Property Manager . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets of Overcoming Tenant Challenges 52:24

24 weeks ago52:24

52:24

Learn how to overcome tenant challenges in Spokane. This class is Module 7 of 46 in a series called Real Estate Investing Secrets . What do you do when you experience the inevitable tenant challenges like: Tenant not paying rent Tenant’s check returned for non-sufficient funds Tenant makes late payment Tenant breaks lease Tenant provides partial payment Roommates break lease Roommate issues/conflicts Tenant not maintaining property Receive city ordinance violation Tenant does not vacate property after lease expires (tenant holdover) Bed bugs in property Receive HOA violation notice Receive noise violation notice Tenant dispute with neighbor Automobile violation Pet violation Occupancy violation Maintenance request on property Disputed damage deposit Plus much more... Check out the video and additional resources related to Secrets of Overcoming Tenant Challenges . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets of Buy and Hold Real Estate Investing 1:07:24

25 weeks ago1:07:24

1:07:24

Learn the secrets to buy and hold real estate investing in Spokane. This class is Module 6 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What are the different variations of the buy and hold real estate investing strategy? Variations based on down payments? Variations based on property types purchased? Variations of rental duration and niche business models? What are the most common ways to finance buy and hold real estate investments? And what are some of the more unusual ways? Is buy and hold real estate investing typically an active or passive investment? How long do you typically hold buy and hold real estate investments? And, why might you change that? How do you typically exit a buy and hold real estate investment? How does your buyer typically finance the purchase when they buy from you? Is buy and hold real estate investing typically for real estate investors or real estate entrepreneurs… and what’s the difference? How much money is typically required to invest in buy and hold real estate? What are some of the less common money requirements? What credit is required to utilize the buy and hold real estate investing strategy? And, what are some less common credit-related requirements? What are the 4 primary skills required for buy and hold real estate investors? And, how does one of those skills vary depending which strategy you’re utilizing. Is buy and hold real estate investing actively or passively stable? And, what does that means in terms of the entire business blowing up in your face? How scalable—in terms of net worth—is the buy and hold real estate investing strategy? What level of net worth is it typically associated with? What is your risk exposure with the buy and hold real estate investing strategy? What are some of your risks? How does that increase with certain sub-strategies? How quickly do you make money with buy and hold? What amount of money do you make at that interval? How does one typically find deals as a buy and hold real estate investor? What are some of the more unusual ways to find deals? What do you use to analyze buy and hold real estate investments and where to get a copy of the spreadsheet you need… for free? What are the ideal market conditions for the buy and hold real estate investing strategy and what is a challenging market to utilize this strategy in? How accessible or available are viable buy and hold real estate deals? Can you utilize your retirement money to invest in buy and hold real estate investments? Plus much more... Check out the video and additional resources related to Secrets of Buy and Hold Real Estate Investing . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets of Property Management 59:29

26 weeks ago59:29

59:29

Learning how to correctly manage properties is a critical skill for landlords. This class is Module 5 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What should you be doing to document the condition of the property before the next tenant takes possession? The one free thing that few landlords do that could save you thousands of dollars from an unscrupulous tenant. What is the risk-reduction significance of having matching photos of before and after? What reminders should you be sending the incoming tenant before they start renting your property? What is the best practice for how do you deal with a tenant moving in mid-month? What’s the one critically important thing we must do with the security deposit and first month’s rent we collect from the tenant? What day should the new tenant’s utilities start? What else do we give tenants prior to moving in that we expect them to have done prior to move-in? A little management trick you can use that gives us a break the morning the tenant’s moving in. What should you lease say about the move-in inspection form to significantly reduce your risk? What does a move-in inspection form look like? And, what should it say? What obligations does the tenant have to you… as the landlord the first week moving into the property? What do you do if they fail to provide it to you after 5 days? How do we address pest control issues with a property a tenant has just moved into? What’s one thing we insist tenants do in the lease and require they provide proof of when they move in? What should you be doing for the tenant in the first month? And, why do some landlords prefer to do this every month? What’s one little reminder for the tenant that can save you thousands in repair costs? When should you inspect a property? How do you deal with lease violations if you discover them? What should you be doing 90-120 days prior to the current lease expiration date? How do you differentiate between renewal rent rates and fair market rents? And, how do you deal with this discrepancy? What should you be doing 60-90 days prior to the current lease expiration date? See an example of a lease extension, why I personally recommend not using one and what to do instead. What do you do if the current tenant is not renewing their lease? An example of a move-out checklist? What should you include in yours? What should be the very first thing you do when taking possession of the property from a tenant at the end of their lease? What must you do to avoid having to pay a tenant 3 times their security deposit? What should you have in every tenant file? Plus much more... Check out the video and additional resources related to Secrets of Property Management . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets of Tenant Screening 1:24:04

27 weeks ago1:24:04

1:24:04

Tenant screeing... an important, but often overlooked skill. If you're going to manage properties yourself in Spokane, you're going to need to know how to screen tenants. This class is Module 4 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What are the 5 steps in the property management process? What 10 things should you always check—and why—when preparing a property to rent? The Tenant Screening Process... in 5 easy steps. How to think about renting your property to get in the right mindset. Why you should be deliberately charitable... if you choose to be charitable... outside your rental property business. How does the initial call with your prospective tenants set the tone for your entire relationship? How to define the landlord-tenant relationship. What is it important to answer your phone when marketing to find tenants and what this says about how your tenants are likely to respond to you as a landlord. Why is it critically important to screen tenants on the first call and to not meet unqualified prospective tenants at your property? The magic words for getting a tenant to open up to you on the phone with your questions. What are the 10 critical initial screening questions to ask tenants on the phone before scheduling a time to meet them at the property? What are the different ways to show tenants your property? How should you prepare for showing the property to prospective tenants and why the first thing is critically important if you want to be paid on-time from your tenants? How to show the property to your tenants... and the one thing at the showing that will clearly demonstrate to you how your tenants are likely to take care of your property. The counter-intuitive secret to following up with tenants after showings... How to collect an application from tenants... especially if you’re not going to pay for a web-based service. What must you require from your applicants to be able to process their application... and how to deal with a tenant not having everything. The critical things you need to double check as you accept the application to process... and what to do if the tenant comes up short. Who provides an application and application fee... and why? How to get tenants to only apply to your property when considering other properties. The critical things you must get from your tenant—beyond security deposits and first month’s rent—to help protect you and help ensure you get paid. How do you deal with a tenant that provides incorrect (false) information on an application? How do you get an application and paperwork to use for your rental business? The one thing you need to do to avoid hefty fines, lawsuits and possible jail time. A surprising perspective on something that affects over 65 million Americans, but could open you up to liability, lawsuits, and possible jail time... and how you should properly deal with it. Tips and best practices for working with disabled applicants, service animals, emotional support animals and more. A powerful, inexpensive strategy to uncover bad apple tenants before you rent to them. Example application evaluation criteria and why it is critically important to use written, objective criteria when approving an applicant. A sneaky little way to get an informal co-signor on your tenants voluntarily to increase the odds of you getting paid if your tenant is unable to pay. Examples of common application criteria overrides and how you might handle them... and one that I’d encourage you to make an automatic disqualification. An example reservation deposit agreement, how to use it and when to use it. How do you notify tenants when they’re approved? When they’re not approved? When MUST you—by law—send them a letter telling them they’re not approved? How do you deal with tenant screening on a property you’re buying with an existing tenant? Plus much more... Check out the video and additional resources related to Secrets of Tenant Screening . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets to Marketing to Find Tenants 1:02:21

28 weeks ago1:02:21

1:02:21

If you're going to manage properties yourself in Spokane, you're going to need to know how to do the marketing to find tenants. This class is Module 3 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: The 6 “Property Management Mastery” modules included with this course. How to change your thinking about renting a property to a tenant that can improve your marketing and tenant screening. How early should you start marketing your property for rent? Why start then? What are the advantages? And, what must you do if you cannot start then? A Comprehensive Tenant Marketing Plan How do you deal with marketing for a tenant when purchasing a property to rent immediately? What are Fair Housing laws and why are they critically important for you to understand and follow them as a landlord? Do you need to do all the marketing we suggest? What if you could only do 1 thing? 2 things? 3 things? Includes a discussion of the Pareto Principle (80/20 Rule). The top marketing sites for marketing your property for rent. To syndicate or not? A brief discussion. The importance of spying on your competitors and what specifically to look for and how to utilize what you discover. What to include in your ad? And, how to think about your marketing. Why hiring a professional photographer… even if you have an amazing camera on your phone… is strongly encouraged and the unexpected reasons behind this suggestion. Examples of amateur versus professional photos. How to increase the quantity of your tenant leads. How to increase the quality of your leads. When to use each strategy in your business. What’s one thing you need to include in your ad and understand for each step in your tenant screening process? How to utilize yard signs and directional signs to generate tenant leads. What should you use YouTube for when marketing for tenants? And, how to do it. What should you do with flyers for your rentals? How to use postcards to neighbors and when do we typically use them when marketing properties? How do we suggest using Facebook for marketing your properties? A method to market your property that may or may not be available in your market, but why you should use it if it is available. What are the rare circumstances where we’d utilize Open Houses to fill rental vacancies? When should you create, maintain and use a Buyer’s List when marketing properties? Plus much more... Check out the video and additional resources related to Secrets to Marketing to Find Tenants . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secret Market Stats 1:25:42

29 weeks ago1:25:42

1:25:42

Having a solid understanding of historical market stats is important for investing in real estate in Spokane. This class is Module 2 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: Should you try to “time the market” using data to increase profitability? How much are properties selling for? Do property values always go up? How much have properties gone up per year since 1965? What would your annual ROI be on a property using that appreciation rate if you put 20% down as an investor or 5% down as a Nomad™ or house hacker? If we adjust for inflation, how much have properties goes up in value per year? Why is this not a truly apples to apples comparison and what can we do about it? What would a typical owner-occupant primary residence rent for? How has that changed since 1975? What is the rent equivalent appreciation rate over that period? And, why is that not a fair and valid comparison? What’s one measure of housing affordability? And, does it prove houses are less affordable today than they were between now and 1980? What are new construction properties selling for? How has that changed since 1960? How many new single-family homes are for sale in the US now and going back to 1960? How many have sold? What can we determine from this? What’s a stat that combines both the supply of properties for sale and the demand for properties into one powerful single number? How do we interpret that stat? How has it changed between 1960 and now? How many properties are occupied by owner-occupants? How many by rents? How has this number changed between now and 2000? What percentage of properties are vacant and for sale? What percentage are vacant and for rent? How has this number changed between 1960 and today? How does this relate to your estimated vacancy rate on my personal rental properties? What have 30-year fixed rate mortgage interest rates done between 1960 and today? How does that impact you as investor today? Why is this a perfect example of desirably asymetric risk and how to utilize it as a real estate investor? What have typical mortgage origination fees and discount points been since 1960 through recent times? How does this directly impact you as a real estate investor today? What percentage of households in the US are homeowners? How has that changed since 1960 through today? What does that mean for us as real estate investor landlords? What is the median household income in the US—adjusted for inflation? And, how has that changed since 1980? What percentage of household disposable income is spent on debt service and, separately, how much is spent on mortgage debt? How to think about this? How does this strongly play into favor for real estate investors that hold properties and mortgages for long periods of time? How much equity do US households have? What percentage of property do they have as equity and how has that changed since the 1950s. Can we see as our nation’s philosophy on housing debt has changed over the last 70+ years? What is our current position on property equity? How have home prices changed (adjusting for inflation and not)? How often have property values declined year-over-year? How frequently—and by how much—have property values increased? What lessons can we—as real estate investors—take away from that to help us make better decisions? A discussion of a great chart by John Wake showing how the amount you can borrow while keeping a $1,000 per month mortgage payment changes with interest rates over time. How does the cash price, the inflation adjusted cash price and the monthly mortgage payment price of a property compare to a property in 1990 for all months through 2024? What lessons—as real estate investors—can we draw from this to make better investment decisions? How has per capita (per person) personal income in the US changed from 1990 through 2022? How many single family homes and apartments (5+ units) have we been completing each month since the mid 1960s through today? Why might this be a really good early signal depending on your desired real estate investing strategy? How many houses are completed by region of the US? What is a great way to measure how swiftly a real estate market is moving? What’s normal? What do we see every year? What do we see over time? How many times is a typical house marketed for sale shown? How has that changed over time? What are we seeing now? How have rents been changing? What is normal? What are we seeing lately? How does rent impact cash flow and why is this to our significant advantage as real estate investors? Plus much more... Check out the video and additional resources related to Secret Market Stats . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Secrets of the 7 Ways to Invest in Real Estate 1:21:04

30 weeks ago1:21:04

1:21:04

Having a deep understanding of the 7 key real estate investing strategies is critically important for your success as a real estate investor in Spokane. This class is Module 1 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: The 7 ways to invest in real estate… plus 2 more bonus strategies that we don’t cover Which strategies are great for investing with little or no down payment? Which strategies are great for generating immediate money in your pocket? Which strategies require you to find less-than-common deals in many real estate markets? Why real estate investing is usually get rich slow and what to do about it in the meantime? A special technique—that can be applied to just about all the strategies—that will allow you to overcome just about any deficiency or weakness you’re currently experiencing in your current real estate business— deals, people to run the projects, down payments or financing ability The 6 ways we primary categorize and group real estate investing strategies Plus, the 12 additional—some would argue even more important—ways we categorize, group and organize real estate investing strategies What are the 8 ways we finance real estate strategies when buying? And, how does that change when we sell properties? How a story about an alligator in the sewers of NYC helps us understand where to find our most interesting real estate deals? What are all the different channels (sources) of real estate deals for all of our strategies? What’s the difference between actively and passively holding real estate? What are the top channels for exiting real estate deals? Which do we hope to never use? Plus much more... Check out the video and additional resources related to Secrets of the 7 Ways to Invest in Real Estate . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Warning - Risks of Missed Inspection Issues When Investing in Real Estate 34:54

31 weeks ago34:54

34:54

There's a risk to just about everything in life... including investing in real estate. One risk that some real estate investors fear is the risk of buying a property having missed important, expensive issues with the property during the inspection period. In this class, James will discuss the risk of investing in real estate and specficially the risks associated with missing things on inspection. Topics covered in this class include: The 3 primary ways to limit your exposure during the inspection period when buying a property How to hire a quality home inspector What your typical recourse is on a home inspector missing something on an inspection One little thing you can and should do on every property purchase—especially for new real estate investors When a home inspector is not enough and what to do about it The one thing most real estate investors—especially experienced investors forget to do—that could save them money and headaches later related to the inspection report A special tip if you negotiate a seller to complete repairs based on what you find during your inspection that could prevent a catastrophe A list of the most common inspection issues you’re likely to run into if you buy enough properties A secret about seller property disclosures that few people—even real estate professionals—know about that could prevent you from making a very costly mistake How to use your inspection and seller property disclosures to better plan for your capital expenses combined with the downloadable CapEx Estimator for Rental Property - Basic and the CapEx Estimator for Rental Property - Advanced Why you should always walk the property right before closing And what can you do if you missed something on inspection? Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
How Return on Investment Changes Based on How You Pay PMI 29:23

32 weeks ago29:23

29:23

If you're going to put less than 20% down when buying a property, the lender is likely to require that you pay private mortgage insurance (PMI) to protect them in case you default on the loan. This usually applies to Nomads™, house hackers, and investors putting 15% down to acquire non-owner-occupant properties. There are 3 ways to pay PMI: Monthly Get the lender to pay it by raising the interest rate One-time, upfront, lump sum But of those three options, which gives you the best return in dollars? Which gives you the best return on investment? Find out in this class. Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Warning - Risks of Interest Rates Rising When Investing in Real Estate 47:16

33 weeks ago47:16

47:16

There's a risk to just about everything in life... including investing in real estate. One risk that some real estate investors fear is that rising mortgage interest rates will: Increase their mortgage payment and therefore hurt cash flow, or The rising mortgage interest rates will lower affordability and demand for properties, and therefore the value of properties they own will decline. In this class, James will discuss the risk of investing in real estate and having mortgage interest rates rise, and how to mitigate or completely eliminate the risk. Topics covered in this class include: Historical perspective on mortgage interest rates The challenge with Recency Bias for real estate investors Current mortgages at various interest rates The Mortgage Interest Rate Confidence Meter™ and how likely it is that you'll be able to get a certain interest rate The two big fears around rising mortgage interest rates for real estate investors How to completely avoid the impact of interest rates on your cash flow Why balloons are for clowns and not real estate investors What to do about buying more properties in a high property price, high mortgage interest rate, and lagging rent environment Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Warning - Risks of Tenants Trashing Properties When Investing in Real Estate 45:08

34 weeks ago45:08

45:08

In this special class about the dangers, risks and warnings of investing in real estate: The #1 fear that keeps potential landlords and new real estate investors up at night! Expert insights on why this fear is more common among inexperienced landlords and investors in challenging real estate markets. Real-life horror stories of tenants causing significant damage and expensive repairs - and how to avoid falling victim to it. Proven strategies to select reliable tenants through thorough improved tenant screening criteria and process. The surprising role your potential tenant's cleanliness plays in predicting how they will treat your property. How to obtain positive landlord references and why checking with previous landlords is crucial for accurate tenant assessment. Uncover the red flags of tenant screening, including the absence of references, and save yourself from potential disasters. Gain valuable insights into the importance of maintaining the foundation of your property and other unintentional structural damage from tenants. Learn how to effectively communicate with tenants about property maintenance and inspire them to take care of your investment. Discover the secrets of investing in the right type of real estate market to maximize your profits and minimize risks. Inside tips on dealing with theft and vandalism by tenants, and navigating insurance policies to recover losses. Learn the art of property inspection and what signs to look for in a potential tenant's current residence to predict their treatment of your property. Expert advice on when to hire a property manager and when to take matters into your own hands. Plus, much more invaluable knowledge and expert advice to help you navigate the risks and succeed in real estate investing. Don't miss out on this informative class and unlock the secrets to protecting your properties and maximizing your real estate investments. Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
How to Analyze an All-Cash Rental Property Purchase 1:13:22

35 weeks ago1:13:22

1:13:22

Interested in learning how to analyze deals using The World's Greatest Real Estate Deal Analysis Spreadsheet™ ? Specifically, do you need to know how to analyze a deal purchased with an interest-only loan? In this special deal analysis, you will: Discover the secret strategy for analyzing the purchase of a rental property with an interest-only loan that can dramatically boost your cash flow. Unveil the power of making extra principal payments on interest-only loans and how it can improve your ROI. Get exclusive access to a step-by-step walkthrough using The World's Greatest Real Estate Deal Analysis Spreadsheet™ to evaluate your property investments. Learn how to calculate the *Cash Flow from Depreciation™* and leverage it to maximize your tax benefits. Gain insights into essential expenses to consider in your analysis. Uncover the hidden costs of rent-ready expenses and how factoring them into your investment can give you a more accurate ROI. Unleash the potential of the number one resource for analyzing real estate deals and take control of your financial future. Obtain insider tips and tricks directly from the creator of *The World's Greatest Real Estate Deal Analysis Spreadsheet™* and elevate your property analysis game. Don't miss out on this opportunity to master the art of analyzing real estate deals, even with interest-only loans, and unlock the path to financial success. Or, check out the deal analysis example for Spokane, Washington: Deal Analysis and Modeling for Spokane Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Haunted Houses or Hidden Treasures? Decoding Stigmatized Real Estate 24:51

36 weeks ago24:51

24:51

Life has risks. Investing adds new risks. Investing in real estate adds new risks specific to real estate investing. One risk that is unique to real estate investing is the risk of buying a stigmatized property or having a property become stigmatized while you own it. In this class, James will: Uncover hidden gems in the real estate market and turn them into profitable investments. Learn how to leverage the power of stigmatized properties to create buying opportunities that others overlook. Discover the secrets to mitigating the risks associated with emotionally stigmatized real estate assets. Gain insights on dealing with crime scenes, haunted houses, and homes with a stigmatized history to maximize your returns. Get exclusive strategies for navigating divorce homes and properties with mold or hazardous material problems. Don't miss out on the chance to master the art of investing in stigmatized real estate and unlock hidden treasures. Take control of your real estate investment journey and eliminate the fear of stigmatized properties with expert tips and tactics. Be the investor who dares to tread where others hesitate and reap the rewards of your courage in the real estate market. Plus much, much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Real Estate Investing Through Massive Foreclosure Periods 51:12

37 weeks ago51:12

51:12

Real Estate Investing Through Massive Foreclosure Periods Join us for an exclusive episode of the REFP podcast, focusing on "Real Estate Investing Through Massive Foreclosure Periods." In this enlightening episode, you'll dive into the following insights: Discover the secret to making money during economic downturns, a strategy that can set you apart from the crowd. Learn how to attract a specific group of unaffected renters for maximum cash flow, a targeted approach for consistent income. Uncover the extreme strategy of upgrading entire blocks or neighborhoods for massive returns, a visionary move with enormous potential. Understand how to measure Rent Resiliency™ and Price Resiliency™ to safeguard your property portfolio, vital skills for enduring market fluctuations. Explore the cutting-edge Real Estate Financial Planner™ software for optimized investment decisions, a tool that can elevate your investment game. Find out why cash flow and low expenses are key to weathering market storms, foundational principles for long-term stability. Master the art of timing the market and avoid missing out on incredible opportunities, nuanced skills that can lead to success. Learn how to minimize transaction costs and maximize your profits, a practical approach for every wise investor. Gain expert insights from Warren Buffett, Daniel Kahneman, Benjamin Grant, and Peter Lynch, wisdom from some of the brightest minds in investing and psychology. Unleash the power of acquiring properties during foreclosure periods with historically low interest rates, a unique opportunity for growth. Discover the advantages of holding properties through adverse market conditions and smart refinancing, strategic methods for thriving in uncertainty. Unlock hidden market indicators for accurate market timing predictions, a secret tool for the proactive investor. Understand the pros and cons of 1031 exchanges for capital gains tax avoidance, an advanced strategy for tax efficiency. Build a resilient portfolio with ample reserves and secure your financial future, the ultimate goal for every real estate investor. Plus much, much more... Don't miss out on this exclusive podcast episode! Get access now and take your real estate investing to the next level! Your journey to mastery might just begin with "Real Estate Investing Through Massive Foreclosure Periods." Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Deal Alchemy™ - Debt Paydown to Cash Flow 25:19

38 weeks ago25:19

25:19

Deal Alchemy™ - Debt Paydown to Cash Flow Join us for an exciting and enlightening class with James Orr as he delves into the fascinating world of Deal Alchemy™ . In this class, listeners will discover a surprisingly powerful strategy that has the potential to drastically improve cash flow on rental properties. Whether you're considering buying a new rental property or already own one, this episode is a must-listen. Deal Alchemy™ is all about the art of transforming and combining returns in real estate investments. It's about taking the returns we receive from certain aspects of the property, such as debt paydown, and turning them into a different type of return that may be more desirable, immediate, or tax-advantaged. James Orr expertly guides listeners through the process of moving returns between different quadrants, helping them make informed decisions regarding their investments. During this class, James Orr breaks down the different categories of returns in real estate investments. He distinguishes between the cash later returns, like appreciation and debt paydown, and the cash now returns, such as cash flow and tax benefits. Listeners will gain a deeper understanding of how these returns work and their varying levels of certainty and speculation. But the real highlight of this episode is when James Orr unveils the strategy of using a little known secret to convert debt paydown into immediate cash flow. This unconventional method allows investors to optimize their cash flow by focusing on the certain and less speculative returns. James Orr explains the mechanics of this special strategy and how it differs from how much real estate investors typically set up their investments. Get ready to have your mind blown as James Orr shares his extensive knowledge and expertise on Deal Alchemy™ and debt paydown to cash flow. This class is not to be missed, as it offers invaluable insights and actionable strategies to enhance your investment portfolio. Join us and unlock the secrets of Deal Alchemy™ to boost your rental property cash flow like never before. In this class, James discusses: The definition of alchemy What is Deal Alchemy™ How to manipulate your debt paydown return to immediately boost cash flow What are amortizing loans? What are interest only loans? What are the pros and cons of interest only loans? What are the risks of balloons? How much does this strategy improve cash flow? With examples. How does this impact reserves? Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Tax Deductibility of PMI Payments 14:20

39 weeks ago14:20

14:20

Tax Deductibility of PMI Payments Are you an owner-occupant puzzled by the ever-changing rules around PMI (Private Mortgage Insurance) deductibility? Or perhaps an ambitious real estate investor, hungry to maximize your deductions and supercharge your profits? Then this class is your golden ticket to the world of tax wisdom! Join us for an exhilarating journey through the labyrinth of PMI tax laws, where we'll explore: Two Distinct Worlds: Owner-occupant properties and investment/rental properties. What's the difference, and why should you care? We'll tease you with the answers! The Owner-Occupant Odyssey: Living in the property? You might think PMI is no longer deductible for you, but is that the whole truth? And what's this about Nomads™? Investor's Paradise: House Hackers, Rental Property Business owners, and more! Discover the secrets that could make PMI an exciting part of your financial strategy. No income limitations? Intrigued? The Grand Conclusion: We'll tie it all together, leaving you with tantalizing insights and a thirst for more. Whether you're an owner-occupant or an investor, we'll reveal just enough to make you crave the full story. This class is more than just a tax lesson; it's a thrilling adventure, a treasure hunt, and a financial empowerment session all rolled into one! Whether you're a seasoned pro or just dipping your toes into the real estate waters, we've got surprises and insights that will leave you hungry for more. So grab your financial compass and join us on this thrilling expedition. The path to PMI tax wisdom awaits, and it's a journey you won't want to miss! In this class, James discusses: What is Private Mortgage Insurance (PMI)? Is PMI deductible for home-owners? Is PMI deductible for Nomads™? Is PMI deductible for house hackers? Can you eve have PMI as a real estate investor? Is PMI deductible for real estate investors? Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Functional Obsolescence Unveiled: The Silent Value Killer in Real Estate Investments—and How to Defeat It! 31:03

40 weeks ago31:03

31:03

Functional Obsolescence Unveiled: The Silent Value Killer in Real Estate Investments—and How to Defeat It! There's a often overlooked risk of investing in reale state: obsolescence. Whether we're focused on properties that are or will become functionally obsolete or drift directly into economic or physical obsolescence... these are real-world risks with real-world impact to your bottom line. Learn all about them including examples, how they show up and how to overcome them in this special class. In this class, James discusses: A George S Patton quote about fear, risks and making decisions. Obsolescence defined Examples Selection, Direct and Indirect Control, Interpeting the Present and Predicting the Future How Obsolescence Shows Up In Real Estate Investing Solutions to eliminate, minimize and/or mitigate these risks Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
How to Analyze an All-Cash Rental Property Purchase 1:08:48

41 weeks ago1:08:48

1:08:48

How to Analyze an All-Cash Rental Property Purchase Deal analysis is important. Learning how to analyze deals is a critical skill for all real estate investors, whether you're financing 100% of the purchase or buying a property without a loan at all and paying all cash. In this class, we will look at how deal analysis changes when you plan to buy a property for all cash, without a mortgage, using The World's Greatest Real Estate Deal Analysis Spreadsheet™ . Or, check out the deal analysis example for Spokane, Washington: Deal Analysis and Modeling for Spokane Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
How Return on Investment Changes Based on Credit Score With PMI 41:50

42 weeks ago41:50

41:50

How Return on Investment Changes Based on Credit Score With PMI Does your credit score really matter when you're buying rental properties? Sure, your credit score impacts the mortgage interest rate you can get with traditional mortgages. And yes, your credit score affects how much private mortgage insurance (PMI) will cost. Your credit score can also be a factor in the cost of insurance on your properties. But does it really make a significant difference? In a word: yes. Most people are surprised by just how much of an impact it has. In this class, James will walk you through the impact of your credit score on your return on investment and how long it will take to achieve financial independence. In this class, James discusses: Credit Score's Impact: PMI, Mortgage Interest Rate and Insurance Credit Scores Therefore Impact Cash Flow Cash Flow means dollars in cash each month, ROI from Cash Flow, Cash on Cash Return on Investment and Cap Rate Also impacts ROI from Debt Paydown Also impacts common measures of risk The numbers... how much cash flow are we talking about? ROI? How does this impact someone trying to achieve financial independence with rental properties? Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Is It Better to Buy Rentals with 25% Down or All Cash After Buying an Owner-Occupant? 31:23

43 weeks ago31:23

31:23

So, are you stressing out over higher mortgage interest rates and properties not cash flowing as well as they used to, or in some markets, not having positive cash flow at all... even with 25% down? What's a real estate investor seeking financial independence to do? In this class, we will compare two strategies. In both strategies, you first buy an owner-occupant property with a 5% down payment to live in. Then, in the first strategy, you save up for a 25% down payment and buy a rental property. You repeat this process, stopping only when you own 9 rental properties. In the second strategy, you take extra time to save up until you have enough to buy the property for all cash... 100% down payment. While it takes longer to save up to buy a property for all cash, having a free and clear property, or two or three, with great cash flow makes saving up for subsequent rentals easier and faster. You repeat this process, stopping only when you own 9 free and clear rental properties. We model this in over 300 US cities using each city's property values, rents, taxes, insurance, etc. And, we use today's interest rates. Which strategy gets you to financial independence the fastest? Which gives you a higher net worth? Which is riskiest? Which should you utilize? Find out in this special class. Check out the video and interactive charts from this class here: https://RealEstateFinancialPlanner.com/model/25-down-vs-all-cash-with-oo/ Or, see Spokane specific, detailed analysis of a variety of strategies here: https://RealEstateFinancialPlanner.com/model/WA/Spokane/ Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
The Impact of Buying Properties at a 5% Discount When Nomading™ 26:21

44 weeks ago26:21

26:21

So, you're considering Nomading™. Excellent! But as you dig into the details, you may wonder what the impact would be if you chose to buy a more desirable, higher quality, but maybe less optimal property at full price (without a discount), versus focusing on finding a slightly less desirable, slightly lower quality, but slightly more optimized rental property that you can buy at a 5% discount. How will that impact your speed to financial independence? How will that impact your net worth? Find out in this special comparison class, where James compares traditional Nomad™ to Nomading™ by buying properties at a 5% discount in over 300 US cities. Check out the video and interactive charts from this class here: https://RealEstateFinancialPlanner.com/model/nomad-vs-5-discount/ Or, see Spokane specific, detailed analysis of a variety of strategies here: https://RealEstateFinancialPlanner.com/model/WA/Spokane/ Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Deal Alchemy™ - Black Box Cash Flow 31:53

45 weeks ago31:53

31:53

Deal Alchemy™ - Black Box Cash Flow Deal Alchemy™ is all about manipulating returns to get the returns you desire most. One variation of Deal Alchemy™ has you think about your rental property investment as a black box. You put money into the black box, some magical things happen over the next few years and out pops profit which you can spend like cash flow. That's what James will cover in this mini-class. In this class, James discusses: The definition of alchemy What is Deal Alchemy™ How to manipulate returns and move them between quadrants An example of thinking of your rental property investment as a black box with lumpy cash flow Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Warning - Risks of Rental Demand Declining When Investing in Real Estate 27:07

46 weeks ago27:07

27:07

Warning - Risks of Rental Demand Declining When Investing in Real Estate Risk, risk, risk... Life is full of risks. To a limited degree, we get to choose which risks we voluntarily take on. For example, if you choose to invest in real estate, you choose to take on some additional risks that you might not—directly—face if you opt to invest in something else with its own set of risks. One risk when investing in real estate is the risk that the property you buy as a rental experiences a decline in rental demand, which often leads to a reduction in the rent you are getting. What are some things we can do to eliminate or mitigate this risk in advance of seeing possible rental market demand declining, and what are some things we can do after demand softens? That’s what James will cover in this mini-class. In this class, James discusses: A George S Patton quote about fear, risks and making decisions. More/Less speculative returns and why cash flow is more speculative than most people believe Buying properties that have mass appeal Buying better quality properties Modifying Warren Buffett's quote: Buying wonderful properties at fair prices versus buying fair properties at wonderful prices. Two opposing thoughts: discount for protection or quality to avoid selling Lower rent, hold on and absorb lower income Reserves and cumulative negative cash flow Change use Improve cash flow Sell Give property back Refi and/or recast Bring in partner Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Private Mortgage Insurance Myths 27:22

47 weeks ago27:22

27:22

Private Mortgage Insurance Myths Reputation can be a challenging thing. I have found, through many conversations with clients over the years, that Private Mortgage Insurance (PMI) has a questionable reputation with home buyers in general and investors in particular. However, much of its reputation is based on half-truths, bad information, lies, and myths. In this special class, James will discuss some of the more common myths about PMI and the truth about what PMI is, and why its reputation is misguided and/or misunderstood. In this class, James discusses: What is Private Mortgage Insurance (PMI) and why does it exist? The following myths: PMI is always required for down payments less than 20%. PMI is permanent and can never be removed. PMI is the same as homeowner's insurance. PMI protects the homeowner, not the lender. PMI is tax-deductible. PMI protects the borrower in case of job loss or disability. PMI is the same for all borrowers and loans. PMI premiums are fixed for the life of the loan. PMI is always monthly, always paid as a lump sum at closing, and/or always paid by the lender in exchange for a higher interest rate. PMI rates are set by the government. PMI is required for all types of loans. PMI is only required for first-time homebuyers. PMI is only required for single-family homes. PMI is only required by big banks. PMI is always cheaper than a second mortgage. PMI pays off my house if I die with a mortgage. PMI increases the monthly mortgage payment. PMI is a waste of money. Refinancing is the only way to get rid of PMI. Lenders benefit from PMI. PMI covers the full mortgage amount. You should always pay PMI Monthly. You should always pay PMI in a single up-front, lump-sum payment. You should always take a higher interest rate and have the lender pay PMI. Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Warning - Risks of Neighborhood Decline When Investing in Real Estate 28:20

48 weeks ago28:20

28:20

Warning - Risks of Neighborhood Decline When Investing in Real Estate Everything in life has risks. Not investing adds certain types of risks, while investing adds other risks. One risk that some real estate investors face is the possibility that the neighborhood they're investing in will decline, causing values and/or rents to drop. So, how do we prevent this, and what can we do about it if it happens to us? In this mini-class addressing the dangers and risks of investing in real estate, James discusses the risk of a decline in the neighborhood you're investing in and what to do to mitigate the risk and address it should it happen. In this class, James discusses: A George S Patton quote about fear, risks and making decisions. Neighborhoods declining in value, rents, overall quality and desirability How to avoid investing in declining neighborhoods Watching market conditions and early, leading indicators Investing without ownership Investing without long-term ownership Investing for quality versus discount Holding on through a decline (and likely eventual turn around) Selling Give the property back Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
How to Analyze a Duplex 21:01

49 weeks ago21:01

21:01

How to Analyze a Duplex Some real estate investors are sensitive to their ability to get ten 30-year fixed rate financing loans and would prefer to fill those loan spots with larger purchases than just single family rental homes. One way to do that is to buy more expensive properties like duplexes, triplexes or fourplexes. In this class, James will walk you through how to analyze a duplex using The World’s Greatest Real Estate Deal Analysis Spreadsheet™ . Or, check out the deal analysis example for Spokane, Washington: Deal Analysis and Modeling for Spokane Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
How to Analyze Deals with Private Mortgage Insurance (PMI) 12:37

50 weeks ago12:37

12:37

How to Calculate PMI If you're a house hacker, Nomad™, investor buying properties with less than 20% down, or buying creatively where the seller has PMI, you'll want to make sure you know how to analyze deals that have Private Mortgage Insurance. In this mini-class, James will cover how to analyze deals that have PMI, with an emphasis on doing it using The World's Greatest Real Estate Deal Analysis Spreadsheet™ . In this class, James discusses: What is Private Mortgage Insurance (PMI) and why does it exist? How to anaylze deals with a single up-front, lup-sum PMI payment How to anaylze deals with lender-paid PMI where the interest rate is higher How to anaylze deals with monthly paid PMI How to analyze deals with PMI on FHA loans Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Is it Better to Pay Off Properties with Cash Flow or In Full When Nomading™? 36:00

51 weeks ago36:00

36:00

In many cases—not all, but many cases—real estate investors can speed up the time it takes to become financially independent by choosing to pay off the mortgages on their properties early. Sometimes it makes sense to take every extra dollar beyond a healthy amount of reserves and aggressively pay off properties as quickly as possible. Other times, it might be better to invest money that you have earmarked to pay off properties in something else—like the stock market, for example—until you have enough to completely pay off the mortgage in one single large payment. In this mini-comparison class, we will look at the difference between these two different approaches: paying off properties with extra cash flow or only paying in full when Nomading™ over 300 US cities. Which one gets you to financial independence faster? Which one gives you a higher net worth? Which one is less risky? Find out in this class. Check out the video and interactive charts from this class here: https://RealEstateFinancialPlanner.com/model/pay-off-early-with-cash-flow-or-in-full-only/ Or, see Spokane specific, detailed analysis of a variety of strategies here: https://RealEstateFinancialPlanner.com/model/WA/Spokane/ Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Deal Alchemy™ - Residential vs Commercial Property 14:49

1 year ago14:49

14:49

Deal Alchemy™ - Residential vs Commercial Property Deal Alchemy™ is all about manipulating the returns you're earning on your investments. Often, this is done through the choices we make when selecting the investment property and the strategies we choose to implement. For example, you could choose to invest in residential properties where your tenants would live in the property. Alternatively, you could choose to invest in commercial properties where your tenants do not live in the property. Often, these investments would have different numbers and characteristics, such as who pays taxes, insurance, and maintenance on the property. However, for the sake of today's mini-class, we will look at just the difference in the tax benefits of depreciation in two identical investments, except one is residential and the other is commercial, to see how that impacts your overall returns. In this class, James discusses: The definition of alchemy What is Deal Alchemy™ How to manipulate returns and move them between quadrants An example by purchasing a commercial property with 39-year depreciation schedule instead of a residential property with a 27.5-year depreciation schedule Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Warning - Risks of Loan Called Due When Investing in Real Estate 30:10

1 year ago30:10

30:10

Warning - Risks of Loan Called Due When Investing in Real Estate Investing in real estate adds some risk to an already risk-filled life. However, certain activities and strategies when investing in real estate create additional risks that other strategies and activities do not have. For example, choosing to utilize strategies where the lender has the right to call a loan due—like many types of creative financing, using home equity lines of credit, and many commercial loans—adds the additional risk of possibly having loans on your properties called due and payable in full. Add in the fact that these often coincide with the most extreme market conditions, and it can be a recipe for disaster for you as a real estate investor... a perfect storm of sorts... extreme market conditions where refinancing or selling can be near impossible or at least impractical, and the lender forcing you to do just that very thing at the same time. In this mini-class, James will discuss the risk of loans being called due, what we can do about it, and how to mitigate or eliminate that risk completely. In this class, James discusses: A George S Patton quote about fear, risks and making decisions. When are loans called due? Balloons on mortgages Breach of agreement on mortgages Buying properties subject-to the existing financing, lease-options, and lease-purchases Lender's option to terminate loan agreement The perfect storm: extreme market conditions and lenders calling loans due How to avoid having a loan called due Options when a loan is called due Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
How to Analyze Buying a Rental Property at a Discount 36:46

1 year ago36:46

36:46

How to Analyze Buying a Rental Property at a Discount in Spokane Some real estate investors insist on only buying properties where they can purchase them at a significant discount. While not mutually exclusive, other investors insist on buying quality properties at a fair price as long as it gets them their desired returns and will stand the test of time. Buffett began as a deep value investor and eventually shifted his focus towards investing in high-quality companies. “It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price,” Buffett confidently stated that his investing has evolved significantly. But, in today's mini-class, let's look at how to analyze buying a fair property at a wonderful price... in other words... analyzing a property using The World's Greatest Real Estate Deal Analysis Spreadsheet™ that you bought at a deep discount and required some money to capture some sweat-equity, but that you're planning to keep as a long-term rental. Or, check out the deal analysis example for Spokane, Washington: Deal Analysis for Spokane Buying at a Discount Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
How to Calculate PMI 13:27

1 year ago13:27

13:27

How to Calculate PMI If you're planning to buy a property and put less than 20% down, you're likely to be required to pay Private Mortgage Insurance. Lenders prefer that you put at least 20% down, but if you insist on putting less than 20% down, they may still make the loan. However, they will usually do so at a slightly higher mortgage interest rate for taking on more risk and require that you pay a third party to insure them in case you default. This insurance you pay to the third party is called Private Mortgage Insurance. But how much is it? The easiest way to find out is to call your lender and have them calculate it for you. But, if you insist on calculating it yourself—or you prefer to know some of the factors involved in how to lower the cost of private mortgage insurance for yourself—in this mini-class, James will walk you through how to do the calculation yourself. In this class, James discusses: What is Private Mortgage Insurance (PMI) and why does it exist? The best way to get your PMI amount is to call your lender How to calculate PMI using a PMI rate sheet The factors that impact your PMI Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Is it Better to Buy Rentals with 20% Down or For All Cash After Buying an Owner-Occupant First? 31:11

1 year ago31:11

31:11

There are a large number of investing strategies you could pursue as a real estate investor: Nomad™, house hacking, fix and flip, buying 20% down rentals, buying 25% down rentals, saving up to buy free and clear rentals and many, many more options. Which is the best? Which gets you to financial independence fastest? Which gives you the highest net worth? Which gives you the highest standard of living in retirement? Which has the lowest amount of risk? Which should you pursue and implement? These are some difficult questions. But, in this mini-class James will compare saving up to buy 20% down rental properties to saving up even longer to buy free and clear rental properties. In both cases, the investor will first buy an owner-occupant property with 5% down to live in instead of renting themselves. We’ll look at how each strategy performs in over 300 US cities and you’ll get answers to many of the questions we posed above comparing these two strategies. Check out the video and interactive charts from this class here: https://RealEstateFinancialPlanner.com/model/20-down-vs-all-cash-with-oo/ Or, see Spokane specific, detailed analysis of a variety of strategies here: https://RealEstateFinancialPlanner.com/model/WA/Spokane/ Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Deal Alchemy™ - Increasing Down Payment 19:56

1 year ago19:56

19:56

Deal Alchemy™ - Increasing Down Payment There are four primary returns from investing in rental properties: appreciation, cash flow, debt paydown, and the tax benefits of depreciation. Additionally, there is a secondary return in the form of the interest earned on the reserves required to make the investment in the first place. Many real estate investors prefer the cash flow return over the others. Often, we can manipulate the investment to shift returns between appreciation, cash flow, debt paydown, tax benefits, and reserves. We call this Deal Alchemy™. There are many variations of Deal Alchemy™, but in this mini-class, James will guide you through the process of shifting your return to cash flow by changing the down payment amount. In this class, James discusses: The definition of alchemy What is Deal Alchemy™ How to manipulate returns and move them between quadrants An example by increasing the down payment size from 20% down to 25% down and how that impacts your returns... in both dollars and on your overall investment Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Warning - Risks of Rental Property Expenses When Investing in Real Estate 43:05

1 year ago43:05

43:05

Warning - Risks of Rental Property Expenses When Investing in Real Estate Risk is all around us. When we choose to invest in anything, we’re choosing to take on the additional risk characteristics of that investment. For example, when we choose to invest in real estate, we choose to take on the risk characteristics of the specific real estate investing we opt to do minus the risk mitigation and elimination strategies we put in place. One of the risks of investing in real estate is the risk of rental property expenses increasing. James discusses those risks and how to mitigate or eliminate them in this mini-class. Check out the video from this class here: Warning - Risks of Rental Property Expenses When Investing in Real Estate - Video In this class, James discusses: A George S Patton quote about fear, risks and making decisions. An introduction to Rent Resiliency™ , Price Resiliency™ , Vacancy Resiliency™, Property Insurance Resiliency™, Maintenance Resiliency™, HOA Resiliency™, Utilities Resiliency™, Capital Expenses Resiliency™, Property Management Resiliency™ and Property Taxes Resiliency™ Eliminating some risk by using fixed rate financing options How increasing expenses don't mean 1:1 reduction in cash flow Options when Property Taxes get too high? Options when Insurance gets too high? Options when Principal and Interest change? Options when Interest Rates rise? Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
How to Analyze a New Construction Single-Family Home Property 33:47

1 year ago33:47

33:47

How to Analyze a New Construction Single-Family Home Property in Spokane Your ability to analyze deals is arguably the most important skill as a real estate investor. It allows you to make smart investment decisions and helps you avoid making career-ending bad decisions, such as buying cash-flowing-sucking vampire properties. In this class, James will help you utilize The World's Greatest Real Estate Deal Analysis Spreadsheet™ (a free download) to analyze a new construction single-family home that you plan to buy as an investment. Analyzing new construction is slightly different from analyzing resale properties, and James will cover these differences in this deal analysis class. Check out the video from this class here: How to Analyze a New Construction Single-Family Home Property - Video Or, check out the deal analysis example for Spokane, Washington: Deal Analysis for Spokane 5% Down Single-Family Home Nomad™ Property Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
The 3 Strategies to Pay PMI 29:57

1 year ago29:57

29:57

The 3 Strategies to Pay Private Mortgage Insurance (PMI) Whether they're putting 15% down and buying a non-owner-occupied property or utilizing an owner-occupied loan with 0%, 3%, 3.5%, or 5% down for Nomading™ or house hacking, some real estate investors will choose to put less than 20% down. With the decision to put less than 20% down comes the choice of how to pay for private mortgage insurance (PMI). There are three options (plus some combinations of the three options): up-front lump sum, lender-paid, and monthly. And, as you might have guessed, there are pros and cons to each option. In this mini-class, James will cover the three options and go over the pros and cons of each. Check out the video from this class here: The 3 Strategies to Pay Private Mortgage Insurance - Video In this class, James discusses: What is Private Mortgage Insurance (PMI) and why does it exist? Paying PMI with a single, upfront, lump-sum payment Voluntarily increasing your mortgage interest rate and having the lender pay for PMI Paying PMI monthly The pros and cons of utilizing each strategy Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Is It Better to Pay Off Rentals Early With Extra Cash Flow or Traditional Nomad™? 31:13

1 year ago31:13

31:13

Investing in real estate is full of truthy-sounding falsehoods: it is always better to do X than Y. However, if you were crazy enough to sit down and do the math, you'd find the truth to be much more nuanced. For example, should you take all your extra cash flow and savings and apply it to your mortgages each month to pay off rental properties faster? And if you do, is that a faster path to financial independence? Does it result in your having a higher overall net worth? A higher overall standard of living in retirement? Is it less risky to do that? That's what we will discuss in this special comparison class. I have analyzed over 300 US markets for someone utilizing the Nomad™ real estate investing strategy in two flavors. In one group, they do the traditional Nomad™ model and do not pay anything extra to pay off their mortgages early. In the other group, they do Nomad™ but they apply extra cash flow toward paying off their properties early. Which group performs better in the metrics we outlined above? Is it universally better? Or is it market-dependent? Find out in this mini-class. Check out the video and interactive charts from this class here: https://RealEstateFinancialPlanner.com/model/nomad-or-pay-off-early-with-cash-flow/ Or, see Spokane specific, detailed analysis of a variety of strategies here: https://RealEstateFinancialPlanner.com/model/WA/Spokane/ Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Deal Alchemy™ - Cash Flow to Debt Paydown 25:56

1 year ago25:56

25:56

Deal Alchemy™ - Cash Flow to Debt Paydown There are four primary returns from investing in rental properties: appreciation, cash flow, debt paydown, and the tax benefits of depreciation. Additionally, there is a secondary return in the form of the interest earned on the reserves required to make the investment in the first place. Many real estate investors prefer the cash flow return over the others. Often, we can manipulate the investment to shift returns between appreciation, cash flow, debt paydown, tax benefits, and reserves. We call this Deal Alchemy™. There are many variations of Deal Alchemy™, but in this mini-class, James will guide you through the process of shifting your return from cash flow to debt paydown, resulting in a higher overall return. Check out the video from this class here: Deal Alchemy™ - Cash Flow to Debt Paydown - Video In this class, James discusses: The definition of alchemy What is Deal Alchemy™ How to manipulate returns and move them between quadrants An example of utilizing a 15-year mortgage instead of a 30-year mortgage to change the return to debt paydown Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Warning - The Risk of Down Payment Size When Investing in Real Estate 47:40

1 year ago47:40

47:40

Warning - The Risk of Down Payment Size When Investing in Real Estate Life is full of risks. When we choose to invest, we choose to take on additional risks. If we invest in stocks, we choose to take on certain risks. When we choose to invest in bonds, we take on different risks. When we choose to invest in real estate, we choose to take on additional and different risks. One of the risks associated with real estate investing is the risk of down payment size. If you put a large amount down—or even choose to pay cash and put 100% down—you have certain risks. If you choose to put a small amount down—or even nothing down—you have other risks. These risks change with the amount you put down. In this mini-class, James will look at the risks associated with the amount you put down when investing in real estate. Check out the video from this class here: Warning - The Risk of Down Payment Size When Investing in Real Estate - Video In this class, James discusses: A George S Patton quote about fear, risks and making decisions. The Risk Matrix and The Risk Matrix for property appreciation (and property declines) An introduction to Rent Resiliency™ and Price Resiliency™ Case-Shiller Home Price Index - Home Price Appreciation Over Previous 12 Months A Case-Shiller chart showing mortgage interest rates, population, real building costs and home prices over the last 133 years Year-Over-Year Home Price Appreciation over the last 133 years and the frequency of price declines (and price increases) What are you risking? Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
How to Analyze a 5% Down Single-Family Nomad™ Property 36:45

1 year ago36:45

36:45

How to Analyze a 5% Down Single-Family Nomad™ Property in Spokane Using the latest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ , we will walk through how to analyze a single-family home Nomad™ property with a 5% down payment. Learn how to analyze deals correctly and avoid buying cash flow vampires. Only buy the best deals that make sense in this special mini-class, which is part of our deal analysis series. Check out the video from this class here: How to Analyze a 5% Down Single-Family Nomad™ Property - Video Or, check out the deal analysis example for Spokane, Washington: Deal Analysis for Spokane 5% Down Single-Family Home Nomad™ Property Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
What Affects Your PMI Rate 16:33

1 year ago16:33

16:33

What Affects Your PMI Rate Lenders prefer that you put at least 20% down, but if you push hard enough, many will allow you to put less than 20% down if you're willing to purchase insurance to protect them in case you default. This insurance is called Private Mortgage Insurance. The cost of this insurance depends on several factors. Some are primary factors and have a significant impact on the cost of the insurance policy. Other factors are secondary and affect the premium, but only to a smaller extent. In this mini-class, James will go over the things that affect your private mortgage insurance rate if you decide to put less than 20% down when buying properties. Check out the video from this class here: What Affects Your PMI Rate - Video In this class, James discusses: What is Private Mortgage Insurance (PMI) and why does it exist? Factors that affect your PMI rate Loan-To-Value of the property (often just the first lien) Coverage amount for the lender Your credit score Amortization term of the loan itself - shorter terms have lower PMI Fixed and variable payment amounts Time you’ve been paying the rate Lender (separate pricing sheet for Credit Unions) Hard minimums for PMI rates Cash-out refinance Second home Employee relocation loans Manufactured Homes Investment Property 3-4 units Lender-Paid Monthly Premium Declining Renewals Annual Premium Refundable Monthly Premium High Debt-To-Income Ratio (> 45% DTI) More than 1 borrower on the loan (reduces PMI rate) Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Is It Better to Rent or Buy an Owner-Occupant Property for 5% Down When Otherwise Buying 25% Down Rentals? 31:24

1 year ago31:24

31:24

You're a real estate investor looking to acquire properties by saving up and putting 25% down. Should you buy an owner-occupied property first? What if that's more expensive than renting? Should you still do it? What if it means you'll be saving less for acquiring rentals by buying an owner-occupied property first? In this comparison class, we will put buying 25% down rentals in a head-to-head competition... We will analyze 304 real estate markets and see if you can achieve financial independence faster by buying an owner-occupied property first. We'll also look at your net worth and see if buying an owner-occupied property or renting leads to a higher overall net worth. Check out the video and interactive charts from this class here: https://RealEstateFinancialPlanner.com/model/25-rent-oo/ Or, see Spokane specific, detailed analysis of a variety of strategies here: https://RealEstateFinancialPlanner.com/model/WA/Spokane/ Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Deal Alchemy™ - Lease-Options 27:15

1 year ago27:15

27:15

Deal Alchemy™ - Lease-Options Different real estate investors desire, prefer, and prioritize different returns. For example, many real estate investors have a strong preference for the cash flow part of their return. With Deal Alchemy™ , we can manipulate returns and move them from one area to another. Or, we can move them from one or more areas to one or more other areas. For example, using Deal Alchemy™ , we can sometimes manipulate the appreciation return in exchange for better cash flow. In this mini-class, James will talk about how to use Deal Alchemy™ with a lease-option deal to manipulate returns from appreciation to cash flow, plus much more. Check out the video from this class here: Deal Alchemy™ - Lease-Options - Video In this class, James discusses: The definition of alchemy What is Deal Alchemy™ How to manipulate returns and move them between quadrants An example of utilizing a lease-option to move returns to improved cash flow A discussion on how to apply an option-fee Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Warning - Insurable Risks When Investing in Real Estate 32:37

1 year ago32:37

32:37

Warning - Insurable Risks When Investing in Real Estate Life has risks. Real estate investing in Spokane adds some additional risks. Some of these risks can be shifted from your responsibility to the responsibility of a third party for a fee. This is often described as insurance. You choose to pay someone else to take on a risk you don't want to take on yourself. In this mini-class, James will go over a variety of insurable risks that real estate investors experience and how to mitigate or eliminate them. Check out the video from this class here: Warning - Insurable Risks When Investing in Real Estate - Video In this class, James discusses: A George S Patton quote about fear, risks and making decisions. The Risk Matrix What is insurance? Insurable risks The most common insurable risks: fire, lightning, hail, theft, vandalism, personal injury, and liability Some less commonly insurable risks: loss of income, flood, earthquake, hurricane, tornado, meth, and rent guarantee The considerations of deductible size Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
How to Analyze a 20% Down Single-Family Home Rental 54:19

1 year ago54:19

54:19

How to Analyze a 20% Down Single-Family Home Rental Using the latest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ , we will walk through how to analyze a single-family home rental property with a 20% down payment. Learn how to analyze deals correctly and avoid buying cash flow vampires. Only buy the best deals that make sense in this special mini-class, which is part of our deal analysis series. Check out the video from this class here: How to Analyze a 20% Down Single-Family Home Rental - Video Or, check out the deal analysis example for Spokane, Washington: Deal Analysis for Spokane 20% Down Single-Family Home Rental Property Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
What is PMI And How to Avoid It 21:37

1 year ago21:37

21:37

What is PMI And How to Avoid It You want to work with a lender so that you don't need to purchase a property with all cash. The lender is willing to lend you money, charging you interest to make a profit, and ensuring there is a safety buffer of equity in case you default and they need to foreclose to recover their funds. Your goal is to minimize the amount you need to invest in the deal to maximize your return on investment, but the lender requires a minimum down payment of 20% to feel secure in loaning you the money in case you default and they need to foreclose to recover the property and their money. You insist on putting down less than 20%. Reluctantly, they agree to let you put less than 20% down, but only if you purchase third-party insurance to protect them in case of default. You agree. The third-party insurance company is offering private mortgage insurance (PMI), which is insurance you pay to protect the lender in case you default because you put down less than 20%. In this mini-class, we will look at PMI, what it is, and how you can avoid it as a real estate investor. Check out the video from this class here: What is PMI And How to Avoid It - Video In this class, James discusses: What is Private Mortgage Insurance (PMI) and why does it exist? What is PMI called for FHA loans? How to avoid paying PMI? Putting at least 20% down to avoid paying PMI Paying down on your loan to get rid of PMI Opting to take a higher mortgage interest rate instead of PMI Get a loan that doesn't have PMI at all Utilize the creative financing strategies that don't have PMI Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Is It Better to Put 25% Down and Buy 9 Rental Properties After Buying an Owner-Occupant or Nomad™ with 5% Down? 33:18

1 year ago33:18

33:18

Should you use the Nomad™ strategy to acquire properties with a minimal 5% down payment as quickly as possible? Or is it better to be a little more patient and save up for full 25% down payments and buy rentals without moving into each? By saving up for a 25% down payment, the properties will cash flow better. That may allow you to save up faster for subsequent properties and maybe... just maybe... ultimately be able to buy properties faster. If you're buying properties with a 5% down payment, there's a chance they could have negative cash flow—or what we often refer to as deferred down payment. Deferred down payments mean that it is slower to save up for the next property purchase. This could ultimately slow down how fast you can acquire properties. Of these two strategies—25% down payment rentals or 5% down Nomad™—which will lead to the fastest path to financial independence? Which leads to the highest net worth? Which has the least amount of risk? Check out the video and interactive charts from this class here: https://RealEstateFinancialPlanner.com/model/nomad-versus-25-down-payment/ Or, see Spokane specific, detailed analysis of a variety of strategies here: https://RealEstateFinancialPlanner.com/model/WA/Spokane/ Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Improving Cash Flow on Rental Properties by Improving the Property 28:06

1 year ago28:06

28:06

Improving Cash Flow on Rental Properties by Improving the Property When real estate prices, mortgage interest rates, and rent rates are high, it can be more challenging to generate great cash flow from a rental property. However, it is also more important than ever to do everything in your power to maximize cash flow. There are 88 strategies for improving cash flow on rental properties , with some significant ones that you can apply by making improvements to your rental property. This mini-class covers the cash flow improving strategies that you may make by improving the property. Check out the video from this class here: Improving Cash Flow on Rental Properties by Improving the Property - Video In this class, James discusses: The 7 stages to improve cash flow on rental properties Subdividing properties Upgrading the property Adding solar to the property Providing furnished rentals Converting the property Charging improvement rent for tenant-requested improvements How to calculate the ROI on making improvements Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Refinancing Rental Property Tips 33:18

1 year ago33:18

33:18

Refinancing Rental Property Tips There are many flavors of refinancing rental properties: cash-out refinances, cash-in refinances, rate and term refinances, and recasting loans. Understanding each one, when you might want to use them in your real estate investing, the general rules and guidelines for using them, and the impact of each are all important bits of knowledge you should have as a real estate investor. In this mini-class, James will cover some tips for refinancing rental properties. Check out the video from this class here: Refinancing Rental Property Tips - Video In this class, James discusses: The 4 types of refinancing: cash out refi, cash in refi, rate and term refi and recasting General tips for refinancing properties Special tips when doing rate and term refis Special tips when doing cash out refinances Special tips when doing owner-occupant refis Plus much more... Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Spokane real estate investor podcast? Book a free consultation to discuss.…

Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast

1
Financing Tips When Writing an Offer to Buy a Rental 18:55

1 year ago18:55