Chicago Real Estate Investing & Real Estate Financial Planning™ Podcast

Secrets to Getting Your First Deal Done

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Learn the secrets to getting your first real estate investment deal done in Chicago.

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 Chicago real estate investor podcast? Book a free consultation to discuss.

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      Chicago Real Estate Investing & Real Estate Financial Planning™ PodcastBy James Orr