How to Analyze Deals with Private Mortgage Insurance (PMI)

San Francisco Real Estate Investing & Real Estate Financial Planning™ Podcast

https://RealEstateFinancialPlanner.com/spreadsheet

43:56

On August 20th, 1989, Lyle and Erik Menendez shot and killed their own parents. Until then, this Beverly Hills family had been a portrait of the American Dream. How did it go so wrong? To listen to all four episodes of 'The Menendez Brothers' right now and ad-free, go to IntoHistory.com . Subscribers enjoy uninterrupted listening, early releases, bonus content and more, only available at IntoHistory.com . If you or someone you know is in crisis, there is free help available at mhanational.org Learn more about your ad choices. Visit megaphone.fm/adchoices…

hace un año 12:41

MP3•Episodio en casa

How to Calculate PMI

If you're a house hacker, Nomad™, investor buying properties with less than 20% down, or buying creatively where the seller has PMI, you'll want to make sure you know how to analyze deals that have Private Mortgage Insurance.

In this mini-class, James will cover how to analyze deals that have PMI, with an emphasis on doing it using The World's Greatest Real Estate Deal Analysis Spreadsheet™.

In this class, James discusses:

What is Private Mortgage Insurance (PMI) and why does it exist?
How to anaylze deals with a single up-front, lup-sum PMI payment
How to anaylze deals with lender-paid PMI where the interest rate is higher
How to anaylze deals with monthly paid PMI
How to analyze deals with PMI on FHA loans
Plus much more...

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:

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

147 episodios

#Trading #Entrepreneur #Business #France #Real Estate Financial Planner LLC and James Orr #James Orr #San Francisco Real Estate Financial Planner #San Francisco Real Estate Investing #San Francisco Real Estate Investor

How to Analyze Deals with Private Mortgage Insurance (PMI)

San Francisco Real Estate Investing & Real Estate Financial Planning™ Podcast

published hace un año

MP3•Episodio en casa

How to Calculate PMI

In this mini-class, James will cover how to analyze deals that have PMI, with an emphasis on doing it using The World's Greatest Real Estate Deal Analysis Spreadsheet™.

In this class, James discusses:

What is Private Mortgage Insurance (PMI) and why does it exist?
How to anaylze deals with a single up-front, lup-sum PMI payment
How to anaylze deals with lender-paid PMI where the interest rate is higher
How to anaylze deals with monthly paid PMI
How to analyze deals with PMI on FHA loans
Plus much more...

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

147 episodios

Todos los episodios

1
Secrets to Risk Mitigation and Elimination 1:31:52

hace 3 días1:31:52

1:31:52

Learn the secrets to eliminating or, at least, mitigating the risks when investing in real estate in San Francisco. This class is Module 24 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: How to think about risks in terms of severity and likelihood and which are the most devastating? For each risk: what is it, how can we mitigate its impact or completely eliminate it, and what to do if we find ourselves dealing with each one? Which risks are insurable and can be mitigated or completely eliminated? What are the risks associated with how much you put down when buying properties? What are the risks with rental property expenses increasing (like taxes, insurance or maintenance)? What are the risks associated with variable rate mortgages? What are the risks of loans being called due… and how can we avoid it? What are the risks of having neighborhoods decline in desirability, values and rents and what to do about it? What if rental demand declines? How do we deal with functionally obsolete properties? How do we deal with massive foreclosures? How to do we deal with emotionally stigmatized properties? How do we deal with tenants trashing a property we own? How do we deal with the dual impact of mortgage interest rates rising? How do we deal with a tenant not paying rent? How do we address missing costly things on inspection? How to deal with inadequate reserves or not having enough liquidity? How do we deal with zoning and regulatory issues? What can be done about over-leveraging? How to address poor property management? How do we deal with excessive tenant turnover? What about the risks of fraud or scams? Plus much more... Check out the video and additional resources related to Secrets to Risk Mitigation and Elimination . 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 San Francisco real estate investor podcast? Book a free consultation to discuss.…

1
Secrets to BRRRR 40:28

hace 10 días40:28

40:28

Learn the secrets to the BRRRR real estate investing strategy in San Francisco. This class is Module 23 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What are the different variations of the Buy, Rehab, Rent, Refi (and Repeat)—commonly abbreviated as the BRRRR strategy—and what are some of the pros and cons of each. What are the most common ways to finance BRRRR properties? And what are some of the more unusual ways? Is the BRRRR strategy typically an active or passive investment? How long do you typically hold BRRRR properties? And, why might you change that? How do you typically exit a BRRRR property? How does your buyer typically finance the purchase when they buy from you? Is the BRRRR strategy typically for real estate investors or real estate entrepreneurs… and what’s the difference? How much money is typically required to utilize the BRRRR strategy? What are some of the less common money requirements? What credit is required to do the BRRRR strategy? And, what are some less common credit-related requirements? What are the primary skills required for the BRRRR strategy? Is the BRRRR 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 BRRRR strategy? What is your risk exposure with the BRRRR strategy? What are some of your risks? How does that increase with certain sub-strategies? How quickly do you make money with the BRRRR strategy? What amount of money do you make at that interval? How does one typically find BRRRR deals? What are some of the more unusual ways to find deals? What do you use to analyze BRRRR properties? What are the ideal market conditions for the BRRRR strategy and what is a challenging market to utilize this strategy in? How accessible or available are viable BRRRR properties? Can you utilize your retirement money with the BRRRR strategy? Plus much more... Check out the video and additional resources related to Secrets to BRRRR . 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 San Francisco real estate investor podcast? Book a free consultation to discuss.…

1
Secrets to Paperwork to Buy and Sell 1:03:52

hace 17 días1:03:52

1:03:52

Learn the secrets to the paperwork to buy and sell real estate in San Francisco. This class is Module 22 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: How do you get the contracts and disclosures for buying and selling real estate in your market? When and how should you review the paperwork for your real estate investing? What are some of the most common documents and what do they do? What are the major contract sections for the contract to buy and sell? What does each section cover and what should you be aware of for each section? Plus much more... Check out the video and additional resources related to Secrets to Paperwork to Buy and Sell . 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 San Francisco real estate investor podcast? Book a free consultation to discuss.…

1
Secrets of Comparing Mortgages and Lenders 58:00

hace 24 días58:00

58:00

Learn the secrets to comparing mortgages, loans and lenders in San Francisco. This class is Module 21 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: Why selecting a lender isn’t always about price… and what are some of the other selection criteria to consider. Why just because one lender says it can’t be done, doesn’t always mean that it can’t be done. The best ways to find a lender. How to call lenders to get quotes. Why you shouldn’t let each lender pull your credit and what you should do instead. A list of interview questions for lenders. My email for requesting loan quotes and response rates. What should you provide to each lender to get the best quotes. What you might expect to get back when asking lenders for rate quotes. A spreadsheet for comparing different loan programs. How to compare quotes from different lenders. What should you ignore when comparing loans between lenders? What should you compare? Why you can’t use APR to compare different lenders and loan programs. Comparing appraisals. Getting pre-qualified and getting a lender letter. Why lenders quote rates and points differently and how to deal with it. In an ideal world, what you would receive back from a lender and why it is useful. Special considerations if you’re utilizing a specific real estate investing strategy. Understanding how lenders get paid. Understanding lender fees. Understanding PMI. What you should compare directly when comparing different lenders. The second step when comparing loan programs using a deal analysis spreadsheet. Tips for selecting a lender after comparing loan programs. Getting lenders to compete for the best rate and terms. Additional services that lenders offer beyond getting this loan. Plus much more... Check out the video and additional resources related to Secrets of Comparing Mortgages and Lenders . 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 San Francisco real estate investor podcast? Book a free consultation to discuss.…

1
Secrets of Analyzing Deals 1:20:20

hace 4 weeks1:20:20

1:20:20

Learn the secrets to analyzing deals in San Francisco. This class is Module 20 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: Where can you get a free deal analysis spreadsheet to analyze your own deals? Which fields should I fill in when analyzing a deal, and which should be left for the spreadsheet to calculate? What is the difference between ARV (After Repair Value) and purchase price, and when should I use each? Why does Warren Buffett say, ‘It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price,’ and how does this apply to rental properties? What are seller concessions, and how should I account for them when analyzing deals? How should I determine the down payment when analyzing deals? How should I calculate closing costs when analyzing deals, and what should I include or exclude? What is the danger in the relationship between seller concessions and closing costs when analyzing rental properties? What are rent ready costs and what should I include in them on my rental property? How do I deal with buying a rental property with a below market lease in place? How do I deal with having to wait until I own a property to start marketing the property for rent and having a higher initial vacancy and maybe lower rent than expected in the first year? What do you mean by: if you put enough down, most properties will cash flow so by choosing to put small amounts down you are choosing to “finance your down payment” in the form of negative cash flow? And, how do you account for this when analyzing deals? What is included in total invested (for the Return on Investment calculation)? How do you input your mortgage when analyzing deals? How do you enter rents and other income on rental properties when analyzing deals? How do you deal with the vacancy rate when analyzing deals and what do you recommend using for vacancy rate? What impacts vacancy rate? How do you deal with property taxes when analyzing deals and why can’t you just look up what taxes are and use that number? How do you enter property insurance when analyzing deals without calling your insurance agent with each new possible deal? How do you analyze properties with an HOA? What’s something you should consider if you find yourself buying a property with an HOA? How do you deal with legal and accounting fees in your deal analysis? How do you deal with landlord expenses unique to certain properties? How do you estimate and deal with maintenance on the property? How do you estimate and deal with capital expenses on the property? How do you estimate property management costs and why you can’t just use the percent of rents collected they tell you? How do you estimate the depreciation benefit on a rental property? How do you estimate the Cash Flow from Depreciation™ on a rental property? How do you use The World’s Greatest Real Estate Deal Analysis Spreadsheet™ Dashboard to analyze your deal once you’ve entered in the basic assumptions? How can you determine the cash flow, Cash Flow from Depreciation™ , and True Cash Flow™ your rental property is generating? How do you see what the total return you’re earning in dollars is on the rental property? How can you determine the total dollar return you’re earning on your rental property? How do you see what the annualized ROI, compounding ROI and IRR are for your rental property (depending on when you sell it)? How do you easily see and compare the cash on cash ROI and cap rate on the property? How do you easily see what the various returns are on the True Net Equity™ you have in the property? How do you see what the key metrics for the property are like Gross Potential Income, Gross Operating Income, OpEx and NOI? How do you see the annual non-loan expenses for the property? How do you see how much True Net Equity™ and cash out refinance equity—and the cost to access each—for your rental property? Plus much more... Check out the video and additional resources related to Secrets of Analyzing Deals . 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 San Francisco real estate investor podcast? Book a free consultation to discuss.…

1
Secrets of Flipping Properties 1:02:09

hace 5 weeks1:02:09

1:02:09

Learn the secrets to flipping properties in San Francisco. This class is Module 19 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What are the different variations of flipping properties and what are some of the pros and cons of each. What are the most common ways to finance property flips? And what are some of the more unusual ways? Is flipping properties typically an active or passive investment? How long do you typically hold flips? And, why might you change that? How do you typically exit a flip? How does your buyer typically finance the purchase when they buy from you? Is flipping properties typically for real estate investors or real estate entrepreneurs… and what’s the difference? How much money is typically required to flip properties? What are some of the less common money requirements? What credit is required to flip properties? And, what are some less common credit-related requirements? What are the 5 primary skills required for house flippers? Is house flipping actively or passively stable? And, what does that means in terms of the entire business blowing up in your face? How scalable is house flipping? What is your risk exposure with flipping properties? What are some of your risks? How does that increase with certain sub-strategies? How quickly do you make money with flipping houses? What amount of money do you make at that interval? How does one typically find deals as a house flipper? What are some of the more unusual ways to find deals? What do you use to analyze flips? What are the ideal market conditions for flipping properties and what is a challenging market to utilize this strategy in? How accessible or available are viable flip deals? Can you utilize your retirement money to flip houses? Plus much more... Check out the video and additional resources related to Secrets Flipping 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 San Francisco real estate investor podcast? Book a free consultation to discuss.…

1
Secrets of Bookkeeping 57:06

hace 6 weeks57:06

57:06

Learn the secrets to real estate investor bookkeeping and accounting in San Francisco. This class is Module 18 of 46 in a series called Real Estate Investing Secrets . Topics covered in this module include: What are the ways that real estate investors can use to keep their books (track income and expenses) for their real estate investing business? What is the one tool that helps you get and stay organized and allows you to easily share and back up all your digital files? How should you organize your physical/digital files to make it easier to manage the paperwork for your real estate investing business? For real estate entrepreneurs dealing with seller leads, what is the recommended folder/file structure for managing all your seller property information files? How does this change if you’re doing it with physical files versus digital files? Why do you insist on a specific file naming convention? And, what is that naming convention? What is included in a typical Seller Property Information File? How do you recommend setting up your property files for rental properties you own? What is typically kept in the general folder for all properties? What about each individual property file... what do you typically keep in those? What do you typically keep in each entity file? How do you process digital communications (emails, calls, texts, PDFs, etc)? How do you process physical communications (paperwork, mail, bills, letters, etc)? How do you set up your file system for tenants and property management? How do you set up your file system for taxes? What information will you need for each property to do your own taxes or to send to your accountant/CPA? Do we get to deduct the entire mortgage payment? How do we get the number we can deduct? Do we get to deduct the entire capital improvement? How much can we deduct under the safe harbor provision from the IRS? How much can we write off for each mile traveled associated with our real estate investing business? Plus much more... Check out the video and additional resources related to Secrets to Bookkeeping . 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 San Francisco real estate investor podcast? Book a free consultation to discuss.…

1
Secrets to Getting Your First Deal Done 50:59

hace 7 weeks50:59

50:59

Learn the secrets to getting your first real estate investment deal done in San Francisco. 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 San Francisco real estate investor podcast? Book a free consultation to discuss.…

1
Secrets of Return on Investment 55:40

hace 8 weeks55:40

55:40

Learn the secrets of return on investment for rental properties in San Francisco. 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 San Francisco real estate investor podcast? Book a free consultation to discuss.…

1
Secrets to House Hacking 1:16:44

hace 9 weeks1:16:44

1:16:44

Learn the secrets of house hacking in San Francisco. 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 San Francisco real estate investor podcast? Book a free consultation to discuss.…

1
Secrets to Financing 1:21:09

hace 10 weeks1:21:09

1:21:09

Learn the secrets of financing investment properties in San Francisco. 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 San Francisco real estate investor podcast? Book a free consultation to discuss.…

1
Secrets to Down Payments 1:42:53

hace 11 weeks1:42:53

1:42:53

Learn the secrets of down payments for real estate investing in San Francisco. 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 San Francisco real estate investor podcast? Book a free consultation to discuss.…

1
Secrets to Selecting an Investor-Friendly Real Estate Agent 1:22:20

hace 12 weeks1:22:20

1:22:20

Learn the secrets of selecting an investor-friendly real estate agent in San Francisco. 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 San Francisco real estate investor podcast? Book a free consultation to discuss.…

1
Secrets of Retirement Catch-Up 54:46

hace 13 weeks54:46

54:46

Learn the secrets of catching up on saving for retirement in San Francisco... 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 San Francisco real estate investor podcast? Book a free consultation to discuss.…

1
Secrets of Nomad™ Real Estate Investing 1:18:12

hace 14 weeks1:18:12