Sign up to save your podcasts
Or
Share Gilbert Real Estate Investing & Real Estate Financial Planning™ Podcast
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Gilbert Real Estate Investing & Real Estate Financial Planning™ Podcast
Gilbert Real Estate Investing & Real Estate Financial Planning™ Podcast episodes
- Secrets of Contract to Close
Learn the secrets to what happens while you're under contract to buy an investment property in Gilbert.
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.
Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
1 hr 8 min - Secrets to Improving Cash Flow
Learn the secrets to maximizing cash flow on rentals in Gilbert.
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.
Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
1 hr 23 min - Secrets to Low and Nothing Down Strategies
Learn the secrets to buying investment properties with little or no down payments in Gilbert.
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.
Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
1 hr 12 min - Secrets to Risk Mitigation and Elimination
Learn the secrets to eliminating or, at least, mitigating the risks when investing in real estate in Gilbert.
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.
Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
1 hr 31 min - Secrets to BRRRR
Learn the secrets to the BRRRR real estate investing strategy in Gilbert.
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.
Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
39 min - Secrets to Paperwork to Buy and Sell
Learn the secrets to the paperwork to buy and sell real estate in Gilbert.
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.
Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
1 hr 2 min - Secrets of Comparing Mortgages and Lenders
Learn the secrets to comparing mortgages, loans and lenders in Gilbert.
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.
Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
57 min - Secrets of Analyzing Deals
Learn the secrets to analyzing deals in Gilbert.
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.
Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
1 hr 19 min - Secrets of Flipping Properties
Learn the secrets to flipping properties in Gilbert.
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.
Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
1 hr 1 min - Secrets of Bookkeeping
Learn the secrets to real estate investor bookkeeping and accounting in Gilbert.
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.
Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
56 min
About Gilbert Real Estate Investing & Real Estate Financial Planning™ Podcast
From the publisher's feed
Learn all about investing in real estate in Gilbert, Arizona with a combination of real estate financial planning and modeling with numbers specific to Gilbert plus syndicated, more generalized…
recordings of live and pre-recorded real estate investing classes (not all specific to Gilbert).