Learn the secrets to maximizing cash flow on rentals in Stamford.
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/brokerLocking/floating your mortgage interest rateSearching for less expensive propertiesSearching for pretty properties that don’t need workSearching for properties and negotiating for seller concessionsSearching for properties with creative financingWhen selecting a lender/mortgage brokerWhen selecting a loan based on closing costsOffering less than list price when buying propertiesPaying for closing costs upfront instead of financing themPre-paying Private Mortgage Insurance (PMI) instead of paying it monthlyGetting a staggered rate mortgageBuying down your mortgage interest rateImproving your credit scoreAdding a strong borrower to the loanRemoving a weak borrower from the loanGetting a loan partnerSigning up for auto-payHaving additional accounts or relationship with your lenderChanging the amortization of the loan including interest only loans, negative amortization loansImproving your interest rate from changing loan durationsExtending the repayment periodChanging the amount borrowedChanging your loan-to-value of the mortgageAccepting an adjustable-rate mortgageEliminating PMIPre-paying PMIUtilizing a rate and term refinance before acquisitionDoing a cash out refi to buy/refi a propertyPaying cash for a property instead of financing itWhen getting private or creative financingFormally assuming a mortgageChanging the term of the leaseUtilizing lease-optionsNiching down and catering to a specific group of tenantsUtilizing roommates, renting by bed/bedroom and/or renting by partsSubdividing the propertyUpgrading the propertyInstalling solarFurnishing the propertyConverting the property to more optimal configurationsCollecting improvement rentOptimizing the marketing of the propertyMaximizing exposure when marketingImproving your sales skills to tenants and tenant-buyersOptimizing showingsRefinancing the property to extend term and/or improve ratePaying off the loan completelyCorrecting inaccurately assessed propertiesVoting to minimize taxesShopping insurance ratesChanging insurance coveragesChanging who is insuredChanging insurance deductiblesRequesting PMI be removedGetting discount for auto-payGetting discount for early paymentSelf-managing the propertyHiring a professional property managerManaging your property managerInsisting on best property management practicesMaintaining your propertyUsing quality materials in your propertyAccelerating depreciationOffering additional paid services to tenantsOffering done-for-them services to tenantsCorrectly billing back for services includedTiering rent by credit scoreCollecting pet rentChanging billing frequencyOffering auto-payOffering discount for early or on-time paymentsInsisting on ample notice of lease renewalMarketing early for next tenantRenewing leases during peak seasonInsisting on tenant’s having renter’s insurancePlus 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 Stamford real estate investor podcast? Book a free consultation to discuss.