A young girl in juvie receives a letter from her favorite writer, whose past resembles her own (03:30). Luis Rodriguez, author of Always Running: La Vida Loca Gang Days in L.A , joins us for a very special episode of "Thursdays In Juvie" (09:13). . Luis Rodriguez is an award-winning author and Poet Laureate of Los Angeles. Rodriguez' accolades include: the Carl Sandburg Literary Award, a New York Times Notable Book recognition, a Lannan Foundation Fellowship, a Poetry Center Book Award, the PEN Oakland Josephine Miles Literary Award, and the Paterson Poetry Prize. His children’s books, América Is Her Name (Curbstone Books, 1996) and It Doesn’t Have to Be This Way: A Barrio Story (Children’s Book Press, 1999), were awarded The Paterson Prize for Books on Young People, two Skipping Stones Honor Awards, and a Parent’s Choice Book Award. (Poetry Foundation) . Thursdays in Juvie is brought to you by Advot. Advot is a nonprofit that uses arts education to empower system-impacted youth. To learn more, visit: https://www.advot.org . . . Executive Producers: Sara Acevedo, Naomi Ackerman Editor: Brendan Flavin Music: Patrick Burns Audio Engineers: Kennia Almonte, Calista Pineda Special thanks to the Boyle Heights Arts Conservatory and Tia Chucha's Centro Cultural & Bookstore…
Learn all about investing in real estate in St Paul, Minnesota with a combination of real estate financial planning and modeling with numbers specific to St Paul plus syndicated, more generalized recordings of live and pre-recorded real estate investing classes (not all specific to St Paul).
Learn all about investing in real estate in St Paul, Minnesota with a combination of real estate financial planning and modeling with numbers specific to St Paul plus syndicated, more generalized recordings of live and pre-recorded real estate investing classes (not all specific to St Paul).
This is the introduction to the 46-module, 53-hour series called Real Estate Investing Secrets . In this intro: There are no real secrets in life The 46 modules (53 hours) of content included in the course Nothing is difficult or hard… the only actual skill you’ll need for the real estate investing business The most common fears of real estate investors—and how to overcome them A brief background on James Orr, your instructor The Dunning-Kruger Effect as it applies to real estate investing The aggregation of marginal gains and why making just a 1% improvement daily will have an incredible impact on your real estate investing business Commencement Plus much more... Check out Real Estate Investing Secrets . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
Learn the secrets of financial independence for real estate investors in St Paul. This class is Module 46 of 46 in a series called Real Estate Investing Secrets . Topics covered in this double-length module include: A custom spreadsheet to model where your investment money is coming from and where you will invest it to achieve financial independence. Your possible investing options to achieve financial independence. Factors to consider when selecting investment options. Typical returns an investor might see for each investing option. The two reasons for reinvesting some of your returns back into purchasing new investments—especially after reaching financial independence. Actions to avoid with your investment returns and why. The ideal cash flow engine. Financial independence mathematically defined. What counts toward being financially independent and what doesn't—some of these are controversial. How to speed up your journey toward financial independence. Safe withdrawal rates and their application to rental properties. Methods to accelerate achieving financial independence beyond earning more money and reducing expenses. How to increase returns to achieve financial independence and the importance of Return on Equity. The unexpected benefits of reallocating assets to speed up financial independence and how that impacts risk. The relationship between risk and speed and why it matters. The phases and stages of financial independence explained in detail. A discussion on borrowing money to invest in stocks, bonds, etc. A secret backdoor... chillaxing into financial independence. Plus much more... Check out the video and additional resources related to Secrets of Financial Independence . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
Learn the secrets of tax optimization and minimization for real estate investors in St Paul. This class is Module 45 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: The difference between Above the Line vs Below the Line tax benefits for real estate investors The tax-free sale of a primary residence A layman’s explanation of depreciation and depreciation recapture taxes for real estate investors Accelerating depreciation to improve cash flow Writing off repairs and maintenance on rental properties Expensing landlord-paid utilities on rental properties Writing off a home office and the downsides of doing so Real estate investing related travel Expensing meals for real estate investors Writing off closing costs and other acquisition costs for real estate investors How to deal with property management expenses from a tax perspective for real estate investors Deductibility of insurance premiums for real estate investors Mortgage interest tax deductions for real estate investors Expensing accounting, legal, and other professional fees for real estate investors Losses from casualty and theft for real estate investors Expensing property taxes on your rental properties to save on taxes Writing off the tools of the trade for real estate investors Paying for and saving money on taxes with licenses, registration fees, and other taxes paid Documenting and taking the business entity pass-through deduction for real estate investors Plus much more... Check out the video and additional resources related to Secrets of Tax Optimization and Minimization . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
Learn the secrets of Cash on Cash ROI and Cap Rates in St Paul. This class is Module 44 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: The difference between capitalization rates and cash on cash return on investment Why some real estate investors prefer one over the other How to calculate each including the basic formula and deep visual dive into all the factors in the calculation Where to see these calculations in your deal analysis spreadsheet Why you might want to improve each and how to improve each Plus much more... Check out the video and additional resources related to Secrets of Cash on Cash ROI and Cap Rates . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
Learn the secrets of return on investment and return on equity in St Paul. This class is Module 43 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: The 4 primary returns from rental properties and the additional area of return The Return Quadrant™ with Reserves Why measuring past returns is easy, but predicting future, pro-forma returns are more challenging and nuanced The more speculative, more market-dependent returns on rental properties The less speculative, more certain returns on rental properties The cash now returns on rental properties and the cash later, wealth-building returns on rental properties Measuring returns in dollars and as a return on investment Where to see these returns on our deal analysis spreadsheet Why the return when you buy a property becomes less important the longer you own a property… and what to do about it It’s not just the return on equity… but this too What stays the same and what changes between return on investment and return on equity Where to see return on investment over time on our spreadsheet What tends to happen to return on investment over time, the longer you own a rental property What tends to happen to return on equity over time, the longer you own a rental property What do many investors do about that phenomenon Equity is not real… I prove it to you What is real: introducing True Net Equity™ Equity versus True Net Equity™ Where to see True Net Equity™ on our spreadsheet The cost-to-access True Net Equity™ Using True Net Equity™ when considering selling or refinancing a property Plus much more... Check out the video and additional resources related to Secrets of ROI versus Return on Equity . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
Learn the secret of real estate investing partnerships in St Paul. This class is Module 42 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What are the 3 partnership roles Applying real estate partnerships to a variety of real estate investing strategies Partnering with the seller… especially when flipping properties What is the marketplace value of each role and job in the partnership How to finance deals when buying in a partnership How various partnerships holding periods and exit strategies vary by real estate investing strategy and partner desires A warning about the impact of changing partner desires Are partnerships real estate investing or real estate entrepreneurship How much money is required to invest using partnerships for each role and for what What skills are required in partnerships for each role How stable in investing in a partnership for each role What is the risk exposure for each role in a partnership… it is not what you think How quickly do you make money? And, what size of money do you make at what interval for each role in the partnership? How to find partnership deals and partnership opportunities How to analyze partnership deals The ideal and most challenging market conditions for doing partnerships Deal availability and accessibility for partnerships Using retirement accounts to invest in partnerships Plus much more... Check out the video and additional resources related to Secrets of Partnerships . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
Learn the secret of becoming the preferred real estate investor client that real estate agents and brokers in St Paul call first with all the best deals. This class is Module 41 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: How do you get a real estate agent/broker to call you first with the best deals? In other words, how do you become the preferred client that agents/brokers call first with all the best deals? The 6 easy things you can do to get the call What happens if the agent has one client; what happens if the agent has more than one client What a typical day looks like for a real estate agent/broker… what are they dealing with when you think they should be calling you: actual number of emails, calls, texts, meetings and closings With a schedule that… what are they doing for clients looking for properties Are they obligated to send you deals? What properties are they obligated to show you? And, what determines that? When does that obligation start and expire? What are the various deals that investors want to be called about What happens when you’re proactive? Intangibles for calling with deals A discussion about commissions and who gets the discount Plus much more... Check out the video and additional resources related to Secrets of Being Preferred Client . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
Learn secret real estate investor horror stories. This class is Module 40 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: Mike Tyson says, "Everyone has a plan: until they get punched in the face"... for real estate investors Overcoming fear of tenants, toilets and termites What is expected value and how does it apply to real estate investing Thinking probabilistically for real estate investors The importance of post-mortems and how it helps to reduce, eliminate or mitigate losses and maximizes gains and profits Why making all the mistakes yourself is a novice move and what you should do instead 16 horror stories shared Plus much more... Check out the video and additional resources related to Secret Horror Stories . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
Learn the secrets of analyzing multi-family properties in St Paul. This class is Module 39 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: The differences between analyzing a multi-family property with commercial financing and a single-family home with more traditional financing Obviously, the numbers are larger when you’re analyzing multi-family property deals, but what about the nuance of the increases How to deal with the listing and getting info on analyzing these types of deals The difference between actual and pro-forma numbers Why you might not be able to see all the units prior to making your offer and how it typically works with larger multi-family properties Why and how to make adjustments to numbers provided to you Determining the value of the property (ARV) and understanding the difference between these multi-family properties and smaller properties Negotiating with multi-family sellers and their agents/brokers How is financing different for 5+ units compared to financing < 5 units What lenders typically look for when financing 5+ unit commercial loans Down payments on 5+ unit commercial loans Debt Service Coverage Ratios… how to calculate it and how it is used when analyzing multi-family properties How amortization/loan term changes with multi-family financing How interest rates differ from more traditional financing The ugly truth about pre-payment penalties with 5+ unit commercial financing Can lenders really insist on reviewing your financials every year when getting commercial financing How closing costs change when analyzing multi-family properties Analyzing properties where you are improving their economics… and how to represent that with rent ready costs Why you’re much less likely to have to use cumulative negative cash flow when analyzing multi-family properties… and it is NOT because the properties cash flow better Modeling monthly rents and monthly other income—especially if you’re improving rents—when analyzing multi-family properties Correctly analyzing vacancy rates for multi-family deal analysis Why you can’t just use the property taxes in the listing when analyzing these deals Why you should call your insurance agent instead of using the seller’s insurance costs during deal analysis Dealing with landlord-paid utilities on multi-family properties including modeling switching to billback for utilities What common expenses might you see when analyzing multi-family properties Dealing with maintenance and capital expenses during multi-family deal analysis A word on liquidity challenges with multi-family Multi-family pros and cons Plus much more... Check out the video and additional resources related to Secrets of Analyzing Multi-Family Properties . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
Learn the secrets of creative financing and real estate entrepreneurship in St Paul. This DOUBLE LENGTH class is Module 38 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What is creative financing and how to use it as a real estate investor The 6 types of creative financing Why you should only do deals that are win-win for all involved The benefits and downsides of creative financing as an investor Using jargon versus general discussions… especially with sellers The importance of realizing that you’re not your sellers Why would a seller do creative financing… and why might they not do it The key characteristics of each type of owner financing, the benefits to the seller for doing that type, the qualifications for doing it and what the returns typically look like for each The dangers of specific types of owner financing and why/when you might consider doing a different strategy instead Dealing with seller’s equity Which loans should you assume and which should you consider passing on The differences between rent-to-own, lease-to-own, lease-option and lease-purchases and how attorneys can mix them How much money is required for each type of creative financing What happens to if you don’t buy An advanced strategy that can add an extra $13,500 or more to your bottom line on some deals With creative financing as an acquisition strategy, the options can you utilize on the back end How active/passive are creative financing strategies and what is the typical holding period What are the most common exits from creative financing deals and what financing do your buyers typically use Is creative financial and real estate entrepreneurship more of a real estate investor activity or a real estate entrepreneurial activity What money is required to do creative financing… the most common requirements and less common options What credit is required and for which creative financing strategy What skills are required to do creative financing Are creative financing strategies active or passively stable How scalable is utilizing creative financing and what are its limitations and strengths How risky is creative financing… including a list of its risks How do you find creative financing deals including a discussion of lazy and poor marketing methods What are the best (and worst) market conditions for creative financing How easily available/accessible are creative financing deals and where do you find them Can you invest using creative financing strategies with your retirement accounts A detailed discussion of the most common Frequently Asked Questions (FAQs) and Should Be Ask Questions (SAQs) about creative financing How to think about collecting fees from your tenant-buyers Plus much more... Check out the video and additional resources related to Secrets of Creative Financing . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
Learn the secrets of 1031 tax deferred exchanges in St Paul. This class is Module 37 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What is a 1031 tax-deferred exchange? What are the key aspects of a 1031? The 4 types of 1031 tax-deferred exchanges and when we use each Defining like-kind and understanding what you can sell and buy with exchanges Specific exclusions with 1031 exchanges Refinancing before or after you do a 1031 exchange to pull cash out Why you can’t touch any of the money during the exchange Who can’t be your intermediary The strict time limits on 1031 exchanges The 3 rules for identifying replacement properties in 1031 exchanges 3 examples: without a tax-deferred exchange, with a 1031 and a 1031 with boot The danger to real estate investors of using a Qualified Intermediary (QI) Considerations when selecting a QI Questions to ask your prospective QI 3 sample contract provisions for required for completing a 1031 exchange Post-exchange documentation Adjusting basis when selling some of the properties you’ve 1031 exchanged into Avoiding boot when dealing with closing costs Typical costs for 1031 tax-deferred exchanges Asset protection and title solutions with 1031 exchanges How to 1031 out of a partnership when partnerships are not considered acceptable like-kind property How to utilize 1031 proceeds to partner with others when partnerships are not acceptable like-kind property Owner-occupying after completing a 1031 exchange to take advantage of the home sale exclusion The complicated process of 1031 exchanges into REITs How to invest in real estate and never pay capital gains or depreciation recapture taxes Can you 1031 exchange and pay off mortgages on other properties with the proceeds? Plus much more... Check out the video and additional resources related to Secrets of 1031 Exchanges . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
Learn the secrets of buying new construction properties in St Paul. This class is Module 36 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: The pros and cons of investing in real estate with new construction properties What price of new construction should you focus on for investments Different builders, different standards and how to deal with that The downsides of the builder contract for real estate investors Getting ridiculously amazing deals on new construction properties The risks of investing in new construction properties that are different than buying resale properties Risks associated with financing new construction and how to mitigate them The math and benefits of upgrading to an extra bedroom when buying new construction Builders to refuse to sell to investors and what to do in those situations How builder pricing works and taking advantage of it as an investor Metro taxing districts and how to account for them Non-potable water on new construction properties Why to be wary of builder’s reps Using a real estate agent or broker to buy new construction The considerations of choosing a lot when buying new construction The math revealed: rolling in premium-priced builder extras or buying extras at a discount post-closing The imperfections of dealing with fences when buying new construction Customizing new construction properties when investing Radon on new construction properties Sewer lines and sewer scopes when buying new construction Gotcha! Inspecting new construction properties The builder walkthrough and dealing with missed expectations Dealing with builders using your property as a model before you close Visiting your property while under construction and avoiding having your contract terminated The PITA clause in builder’s contracts What to expect when walking through prior to closing Builder warranties and extended warranties on new construction Dealing with unsatisfactory concrete on new construction The ideal vs reality when taking marketing photos of your property after closing Bonus cash flow: assessing new construction properties Competition and vacancy of new construction properties Renting new construction: an easier sale? Warning: builders cutting corners to save money The myth and truth behind builder lawsuits The dangers and upside of new construction speculation Utilizing the new construction lease-option real estate investing strategy Plus much more... Check out the video and additional resources related to Secrets of New Construction . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
Learn the secrets of short-term rental properties in St Paul. This class is Module 35 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What are the different variations of short-term rentals and what are some of the pros and cons of each. What are the most common ways to finance properties that you’re utilizing as a short-term rental? And what are some of the more unusual ways? Are short-term rentals typically an active or passive investment? How long do you typically hold short-term rentals for? And, why might you change that? How do you typically exit a short-term rental? How does your buyer typically finance the purchase when they buy from you? Is the short-term rental strategy typically for real estate investors or real estate entrepreneurs… and what’s the difference? How much money is typically required to utilize the short-term rental strategy? What are some of the less common money requirements? What credit is required to buy short-term rentals? And, what are some less common credit-related requirements? What are the primary skills required for the short-term rentals business? Is the short-term rentals 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 short-term rentals strategy? What is your risk exposure when utilizing the short-term rentals real estate strategy? What are some of your risks? How does that increase with certain sub-strategies? How quickly do you make money when doing short-term rentals? What amount of money do you make at that interval? How does one typically find short-term rental deals? What are some of the more unusual ways to find deals? What do you use to analyze short-term rental properties? What are the ideal market conditions for the short-term rentals strategy and what is a challenging market to utilize this strategy in? How accessible or available are viable short-term rental properties? Can you utilize your retirement money with the short-term rentals real estate investing strategy? Plus much more... Check out the video and additional resources related to Secrets of Short-Term Rentals . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
Learn the secrets of improving cash flow by buying down your mortgage interest rates on rental properties in St Paul. This class is Module 34 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: How improving cash flow by buying down your mortgage interest can help you get to financial independence faster and with less risk One way of calculating the benefit of buying down your mortgage interest rate and a better, more sophisticated metric I’d probably use We’re focusing on buying down mortgage interest rates when buying a property, but similar math could be applied when doing cash out refinances, cash in refinances, rate and term refinances or recasting a mortgage The big picture: buying down mortgage rates and receiving credits for taking higher rates How long does the mortgage buy down last What’s a point and how to calculate them Can I use credits to fund my down payment What is par rate and how to get par rate when talking to lenders Your options if you find yourself with extra money after your minimum total cost to acquire a property (down payment, reserves, closing costs, rent ready costs, cumulative negative cash flow/deferred down payment, etc) Comparing putting more down versus buying down your mortgage interest rate A sample mortgage buy down table from a lender and how to read it Downloadable spreadsheet for analyzing mortgage buy downs How to use the spreadsheet What are vanity rates and how to deal with them Using the spreadsheet to take advantage of market inefficiencies Use the spreadsheet to automatically calculate simple and compound rates of return for various mortgage buy downs Comparing the return in dollars for putting more down or buying down mortgage interest rates Including improved equity growth in our comparisons When you should not buy down your mortgage How to determine if you should buy down your mortgage interest rate or pre-pay PMI instead Plus much more... Check out the video and additional resources related to Secrets of Buying Down Mortgage Interest Rates . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
Learn the secrets of comparable sales to determine property value in St Paul. This class is Module 33 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: How do you know if you’re paying a good price for a property you’re buying (not too high)? How do you know if you’re getting for a good price for a property you’re selling (not too low)? Why use comparable sales to determine a property’s value What makes a property comparable? What are the most important factors for finding true comparable properties? How do you find comparable sales to use? How to use sold comparable sales and how to use active for sale properties when doing comps What range of square footage should use for comparable sales? How do you deal with outliers? What should you use for proximity when determining comps? How do you compare properties of different types or styles? How do you deal with the age of a property for comps? Narrowing the net to come up with a handful of really good comps Addressing your current competition in actively listed, comparable properties Reconciling asking price versus sold price Why and when you might want to get access to the MLS A warning when you can’t find many comps What are the value of upgrades when comparing properties? What is so important about market-based adjustments? Stable markets versus changing markets: how far back should you go for sold comps? Comping income properties versus owner-occupant properties List of websites to get free comps from How accurate are automated valuations (like Zillow, Redfin, etc)? Determining value and comparable sales Walking through a property’s value on the free comp websites as an example A tool for plotting square footage versus price to determine your property value The importance of buyer’s eyes as the final step when determining price Plus much more... Check out the video and additional resources related to Secrets of Comparable Sales . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
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St Paul Real Estate Investing & Real Estate Financial Planning™ Podcast
Learn the secrets to getting your first real estate investment deal done in St Paul. 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
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St Paul Real Estate Investing & Real Estate Financial Planning™ Podcast
Learn the secrets of return on investment for rental properties in St Paul. 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 . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
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St Paul Real Estate Investing & Real Estate Financial Planning™ Podcast
Learn the secrets of house hacking in St Paul. 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 . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
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St Paul Real Estate Investing & Real Estate Financial Planning™ Podcast
Learn the secrets of financing investment properties in St Paul. 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 . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
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St Paul Real Estate Investing & Real Estate Financial Planning™ Podcast
Learn the secrets of down payments for real estate investing in St Paul. 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 . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
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St Paul Real Estate Investing & Real Estate Financial Planning™ Podcast
Learn the secrets of selecting an investor-friendly real estate agent in St Paul. 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 . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
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St Paul Real Estate Investing & Real Estate Financial Planning™ Podcast
Learn the secrets of catching up on saving for retirement in St Paul... 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 . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
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St Paul Real Estate Investing & Real Estate Financial Planning™ Podcast
Learn the secrets of the Nomad™ real estate investing strategy for St Paul 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 . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
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St Paul Real Estate Investing & Real Estate Financial Planning™ Podcast
Learn the secrets of asset protection for St Paul 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 . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
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St Paul Real Estate Investing & Real Estate Financial Planning™ Podcast
Learn the secrets to hiring and managing a property manager in St Paul. 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 . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
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St Paul Real Estate Investing & Real Estate Financial Planning™ Podcast
Learn how to overcome tenant challenges in St Paul. This class is Module 7 of 46 in a series called Real Estate Investing Secrets . What do you do when you experience the inevitable tenant challenges like: Tenant not paying rent Tenant’s check returned for non-sufficient funds Tenant makes late payment Tenant breaks lease Tenant provides partial payment Roommates break lease Roommate issues/conflicts Tenant not maintaining property Receive city ordinance violation Tenant does not vacate property after lease expires (tenant holdover) Bed bugs in property Receive HOA violation notice Receive noise violation notice Tenant dispute with neighbor Automobile violation Pet violation Occupancy violation Maintenance request on property Disputed damage deposit Plus much more... Check out the video and additional resources related to Secrets of Overcoming Tenant Challenges . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
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St Paul Real Estate Investing & Real Estate Financial Planning™ Podcast
Learn the secrets to buy and hold real estate investing in St Paul. This class is Module 6 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What are the different variations of the buy and hold real estate investing strategy? Variations based on down payments? Variations based on property types purchased? Variations of rental duration and niche business models? What are the most common ways to finance buy and hold real estate investments? And what are some of the more unusual ways? Is buy and hold real estate investing typically an active or passive investment? How long do you typically hold buy and hold real estate investments? And, why might you change that? How do you typically exit a buy and hold real estate investment? How does your buyer typically finance the purchase when they buy from you? Is buy and hold 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 in buy and hold real estate? What are some of the less common money requirements? What credit is required to utilize the buy and hold real estate investing strategy? And, what are some less common credit-related requirements? What are the 4 primary skills required for buy and hold real estate investors? And, how does one of those skills vary depending which strategy you’re utilizing. Is buy and hold 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 buy and hold real estate investing strategy? What level of net worth is it typically associated with? What is your risk exposure with the buy and hold 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 buy and hold? What amount of money do you make at that interval? How does one typically find deals as a buy and hold real estate investor? What are some of the more unusual ways to find deals? What do you use to analyze buy and hold real estate investments and where to get a copy of the spreadsheet you need… for free? What are the ideal market conditions for the buy and hold real estate investing strategy and what is a challenging market to utilize this strategy in? How accessible or available are viable buy and hold real estate deals? Can you utilize your retirement money to invest in buy and hold real estate investments? Plus much more... Check out the video and additional resources related to Secrets of Buy and Hold Real Estate Investing . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
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St Paul Real Estate Investing & Real Estate Financial Planning™ Podcast
Learning how to correctly manage properties is a critical skill for landlords. This class is Module 5 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What should you be doing to document the condition of the property before the next tenant takes possession? The one free thing that few landlords do that could save you thousands of dollars from an unscrupulous tenant. What is the risk-reduction significance of having matching photos of before and after? What reminders should you be sending the incoming tenant before they start renting your property? What is the best practice for how do you deal with a tenant moving in mid-month? What’s the one critically important thing we must do with the security deposit and first month’s rent we collect from the tenant? What day should the new tenant’s utilities start? What else do we give tenants prior to moving in that we expect them to have done prior to move-in? A little management trick you can use that gives us a break the morning the tenant’s moving in. What should you lease say about the move-in inspection form to significantly reduce your risk? What does a move-in inspection form look like? And, what should it say? What obligations does the tenant have to you… as the landlord the first week moving into the property? What do you do if they fail to provide it to you after 5 days? How do we address pest control issues with a property a tenant has just moved into? What’s one thing we insist tenants do in the lease and require they provide proof of when they move in? What should you be doing for the tenant in the first month? And, why do some landlords prefer to do this every month? What’s one little reminder for the tenant that can save you thousands in repair costs? When should you inspect a property? How do you deal with lease violations if you discover them? What should you be doing 90-120 days prior to the current lease expiration date? How do you differentiate between renewal rent rates and fair market rents? And, how do you deal with this discrepancy? What should you be doing 60-90 days prior to the current lease expiration date? See an example of a lease extension, why I personally recommend not using one and what to do instead. What do you do if the current tenant is not renewing their lease? An example of a move-out checklist? What should you include in yours? What should be the very first thing you do when taking possession of the property from a tenant at the end of their lease? What must you do to avoid having to pay a tenant 3 times their security deposit? What should you have in every tenant file? Plus much more... Check out the video and additional resources related to Secrets of Property Management . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
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St Paul Real Estate Investing & Real Estate Financial Planning™ Podcast
Tenant screeing... an important, but often overlooked skill. If you're going to manage properties yourself in St Paul, you're going to need to know how to screen tenants. This class is Module 4 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What are the 5 steps in the property management process? What 10 things should you always check—and why—when preparing a property to rent? The Tenant Screening Process... in 5 easy steps. How to think about renting your property to get in the right mindset. Why you should be deliberately charitable... if you choose to be charitable... outside your rental property business. How does the initial call with your prospective tenants set the tone for your entire relationship? How to define the landlord-tenant relationship. What is it important to answer your phone when marketing to find tenants and what this says about how your tenants are likely to respond to you as a landlord. Why is it critically important to screen tenants on the first call and to not meet unqualified prospective tenants at your property? The magic words for getting a tenant to open up to you on the phone with your questions. What are the 10 critical initial screening questions to ask tenants on the phone before scheduling a time to meet them at the property? What are the different ways to show tenants your property? How should you prepare for showing the property to prospective tenants and why the first thing is critically important if you want to be paid on-time from your tenants? How to show the property to your tenants... and the one thing at the showing that will clearly demonstrate to you how your tenants are likely to take care of your property. The counter-intuitive secret to following up with tenants after showings... How to collect an application from tenants... especially if you’re not going to pay for a web-based service. What must you require from your applicants to be able to process their application... and how to deal with a tenant not having everything. The critical things you need to double check as you accept the application to process... and what to do if the tenant comes up short. Who provides an application and application fee... and why? How to get tenants to only apply to your property when considering other properties. The critical things you must get from your tenant—beyond security deposits and first month’s rent—to help protect you and help ensure you get paid. How do you deal with a tenant that provides incorrect (false) information on an application? How do you get an application and paperwork to use for your rental business? The one thing you need to do to avoid hefty fines, lawsuits and possible jail time. A surprising perspective on something that affects over 65 million Americans, but could open you up to liability, lawsuits, and possible jail time... and how you should properly deal with it. Tips and best practices for working with disabled applicants, service animals, emotional support animals and more. A powerful, inexpensive strategy to uncover bad apple tenants before you rent to them. Example application evaluation criteria and why it is critically important to use written, objective criteria when approving an applicant. A sneaky little way to get an informal co-signor on your tenants voluntarily to increase the odds of you getting paid if your tenant is unable to pay. Examples of common application criteria overrides and how you might handle them... and one that I’d encourage you to make an automatic disqualification. An example reservation deposit agreement, how to use it and when to use it. How do you notify tenants when they’re approved? When they’re not approved? When MUST you—by law—send them a letter telling them they’re not approved? How do you deal with tenant screening on a property you’re buying with an existing tenant? Plus much more... Check out the video and additional resources related to Secrets of Tenant Screening . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
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St Paul Real Estate Investing & Real Estate Financial Planning™ Podcast
If you're going to manage properties yourself in St Paul, you're going to need to know how to do the marketing to find tenants. This class is Module 3 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: The 6 “Property Management Mastery” modules included with this course. How to change your thinking about renting a property to a tenant that can improve your marketing and tenant screening. How early should you start marketing your property for rent? Why start then? What are the advantages? And, what must you do if you cannot start then? A Comprehensive Tenant Marketing Plan How do you deal with marketing for a tenant when purchasing a property to rent immediately? What are Fair Housing laws and why are they critically important for you to understand and follow them as a landlord? Do you need to do all the marketing we suggest? What if you could only do 1 thing? 2 things? 3 things? Includes a discussion of the Pareto Principle (80/20 Rule). The top marketing sites for marketing your property for rent. To syndicate or not? A brief discussion. The importance of spying on your competitors and what specifically to look for and how to utilize what you discover. What to include in your ad? And, how to think about your marketing. Why hiring a professional photographer… even if you have an amazing camera on your phone… is strongly encouraged and the unexpected reasons behind this suggestion. Examples of amateur versus professional photos. How to increase the quantity of your tenant leads. How to increase the quality of your leads. When to use each strategy in your business. What’s one thing you need to include in your ad and understand for each step in your tenant screening process? How to utilize yard signs and directional signs to generate tenant leads. What should you use YouTube for when marketing for tenants? And, how to do it. What should you do with flyers for your rentals? How to use postcards to neighbors and when do we typically use them when marketing properties? How do we suggest using Facebook for marketing your properties? A method to market your property that may or may not be available in your market, but why you should use it if it is available. What are the rare circumstances where we’d utilize Open Houses to fill rental vacancies? When should you create, maintain and use a Buyer’s List when marketing properties? Plus much more... Check out the video and additional resources related to Secrets to Marketing to Find Tenants . 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 St Paul real estate investor podcast? Book a free consultation to discuss.…
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