Nomad™ Real Estate Investing Podcast

• What is your current budget?
• How much do you need to achieve lean FIRE (or the minimum to be financially independent)?
• How much do you need to achieve fat FIRE (or your ideal lifestyle and true financial independence)?

Use The Ultimate Financial Independence Retire Early Budget™ for Excel to determine all these numbers for yourself quickly and easily.

In this special class on How to Buy a Rental Property you’ll learn:

- An entire overview of the buying process for buying a rental property
- Learn exactly what James discusses with folks meeting with him for the first time to discuss buying/selling a property
- What James typically gives to buyers at the first meeting including *The World’s Greatest Real Estate Deal Analysis Spreadsheet™*
- What is an Exclusive-Right-To-Buy Listing Contract and how do they work?
- Why you may want the ability to terminate the agreement and a recommended way to structure that
- When does your agreement end?
- Different ways to pay your real estate agent/broker... when it is due and why it is not always the same
- What if a brand-new agent and super-experienced agent cost the same?
- What is a holdover period and how it can bite you in the hind-quarters
- The "inside scoop" on real estate agents and kickbacks for recommending/referring you to other providers
- What if your real estate agent/broker poops the bed and fails to perform?
- Who pays for what... costs of the transaction
- Keeping your identity secret
- Attorney's fees and what happens when poop hits the fan
- The real-world pros and cons of working with one real estate agent/broker versus many
- Who does what in the transaction... a list of the key players and their roles
- Building your team for acquiring your next deal and some suggestions

Plus info on setting goals, financing properties, receiving property lists via the MLS, establishing your buying criteria, analyzing deals, writing offers, comparing lenders, earnest money, down payments and much, much more.

For detailed outline and downloadable resources see:

https://realestatefinancialplanner.com/how-to-buy-a-rental-property/

New year, new spreadsheet.

Get the first look at the new deal analysis spreadsheet with a goal to first simplify, then to empower.

Tucked away are 90% of the numbers that no-one ever looks at in other spreadsheets. To the forefront are 9 of the most important charts summarizing the most important decision-making info you need to buy an amazing deal or pass on a dog-of-a-property.

In this class James will walk you through the new spreadsheet and, at the end, email you a link to download it.

What's covered:

• Everything on one reasonably-sized screen
• Easily print to one page
• Simplified inputs - everything you need, but nothing you don't
• Advanced input overrides
• Drill down if needed
• The difference between TWGREDAS and REFP
• One-click export to REFP from TWGREDAS
• Easily export the spreadsheet for presentations to raise money or share with partners, lenders, accountants, banker, teaching classes or you spouse
• The 9 primary decision-making charts
• Monthly Cash Flow and Cash Flow from Depreciation™
• Return in Dollars Quadrants™
• Return on Investment Quadrants™
• Returns if Sold (ROI and IRR)
• Cash on Cash and Cap Rate
• Return on True Net Equity™
• Key Metrics
• Non-Loan Expenses
• True Net Equity™, Cash Out Refi Equity and Cost-To-Access Each
• Modeling variable returns
• Professional sponsors
• Silver and Gold Editions and how to download
• And, future improvements

Download a copy of the spreadsheet here:

https://realestatefinancialplanner.com/spreadsheet/

Capital Expenses (CapEx) can be the most harmful factor in how well your rental properties cash flow. And, the truth is: you have a lot of control over how it impacts you. But, unfortunately, most real estate investors don't even think about CapEx.

In this new class, James will cover two new spreadsheets. The new Cap Ex Estimator for Rental Property - BASIC version and the new Cap Ex Estimator for Rental Property - ADVANCED version.

The BASIC version is the way some others have tried to make a tool to estimate how much to set aside for CapEx. However, all of the other versions I've seen have a significant ERROR in them (which is corrected in this version).

The ADVANCED version takes making investment decisions based on CapEx to the next level. It is the tool I wish I had with my own rentals, but didn't exist. So, I created it. And, it is AMAZING.

Use these spreadsheets to eliminate buying a cash-flow-sucking-dog-of-a-property and to only buy properties with great cash flow (even accounting for CapEx... correctly this time).

Use the spreadsheets as a sort-of "crystal ball" to predict the future and make decisions about keeping properties or selling them before they (unexpected) become an albatross around your neck.

Plus, powerful ideas on how to all-but-completely eliminate your CapEx, reduce CapEx, shift some CapEx to a third-party at a fraction of the cost and much more.

https://realestatefinancialplanner.com/capex/

James goes into a deep, thoughtful comparison of different loan types and the impact for real estate investors in this special financing class:

https://RealEstateFinancialPlanner.com/real-estate-investor-loan-comparison-deep-dive/

Learn the 10 tips for getting offers accepted in hot markets in this special class by James Orr.

1. Price
2. Appraisal Gap/Waiver
3. Escalation Clauses
4. Call Seller’s Broker
5. Lender and Loan
6. Inspection
7. Hot Sheets
8. Earnest Money
9. No Conditional Sales
10. Accept Backup Position

Or, check out the video with charts here:

https://realestatefinancialplanner.com/10-tips-to-get-offers-accepted-in-hot-markets/

A question for the ages: should I sell my rental property?

In this special class recording James discusses considerations when approaching this question along with some brand-new tools that allow you to determine the answer for yourself and your properties.

https://RealEstateFinancialPlanner.com/should-i-sell-my-rental/

Cash flow is important.

Some folks may argue that investing in real estate for anything other than cash flow is folly.

How about an alternative view to cash flow where we use rental properties as a means to save and accumulate money and increase net worth similarly to how we might investing in stocks for long-term growth?

In this episode we will focus on using rental properties as a investment for saving money in markets where finding cash flowing properties is challenging or impossible with reasonable sized down payments.

https://RealEstateFinancialPlanner.com/an-alternative-to-cash-flow-saving-money-with-rental-properties/

In this special class, James has the two hour conversation he wishes he could have with EVERY client before they make an offer on a property.

Check out the video with links to the class referenced in the episode here:

https://RealEstateFinancialPlanner.com/wait-before-you-make-that-offer/

Get tips on saving money and reducing risk with insurance as a real estate investor.

A special thanks to Brian Armstrong with Arrow Insurance Professionals for significant contributions to this presentation.

Arrow Insurance Professionals
Brian Armstrong
Phone: (303) 284-2997
Email: [email protected]
Website: http://arrowinsuranceprofessionals.com

To see the outline or watch the video of the presentation, check out the blog post here:

https://realestatefinancialplanner.com/8-money-saving-risk-reducing-real-estate-investor-insurance-tips/