Gilbert Real Estate Investing & Real Estate Financial Planning™ Podcast

By James OrrBusiness Entrepreneurship Investing

Gilbert Real Estate Investing & Real Estate Financial Planning™ Podcast episodes

January 10, 2025Secrets to Getting Your First Deal Done
Learn the secrets to getting your first real estate investment deal done in Gilbert.
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.

Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
50 min
January 03, 2025Secrets of Return on Investment
Learn the secrets of return on investment for rental properties in Gilbert.
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.

Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
54 min
December 27, 2024Secrets to House Hacking
Learn the secrets of house hacking in Gilbert.
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
.

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 15 min
December 20, 2024Secrets to Financing
Learn the secrets of financing investment properties in Gilbert.
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.

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 20 min
December 13, 2024Secrets to Down Payments
Learn the secrets of down payments for real estate investing in Gilbert.
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.

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 42 min
December 06, 2024Secrets to Selecting an Investor-Friendly Real Estate Agent
Learn the secrets of selecting an investor-friendly real estate agent in Gilbert.
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.

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 21 min
November 29, 2024Secrets of Retirement Catch-Up
Learn the secrets of catching up on saving for retirement in Gilbert... 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.

Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
53 min
November 22, 2024Secrets of Nomad™ Real Estate Investing
Learn the secrets of the Nomad™ real estate investing strategy for Gilbert 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.

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 17 min
November 15, 2024Secrets of Asset Protection
Learn the secrets of asset protection for Gilbert 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
.

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
November 08, 2024Secrets of Hiring and Managing a Property Manager
Learn the secrets to hiring and managing a property manager in Gilbert.
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.

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 56 min

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