Learn the secrets of improving cash flow by buying down your mortgage interest rates on rental properties in Providence.

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

Learn the secrets of comparable sales to determine property value in Providence.

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

Learn the secrets of real estate maintenance and capital expenses Providence.

This class is Module 32 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include:

• What’s the difference between capital expenses and maintenance on a rental property?
• What do I need to do to have my rental property business be a “qualified business” to get the tax advantages from the IRS?
• A downloadable log to keep the required contemporaneous records for qualified rental property businesses
• Examples of traditional maintenance versus capital expenses on a rental property
• How to account for maintenance and capital expenses when analyzing deals (including a spreadsheet for analyzing deals that models both for you)
• Are paint and carpet considered maintenance or capital improvement?
• How to determine what maintenance percentage to use when analyzing deals with detailed example
• How the price of the property, rent and ultimately Gross Operating Income impacts your maintenance percentage
• The danger of low-priced rental properties in relation to maintenance and capital expenses
• How to completely due diligence for maintenance and capital expenses on your rental properties
• Your 3 options regarding maintenance and capital expenses... and why #1 is not a good strategy
• Using the BASIC version of “Maintenance and CapEx Estimator for Rental Properties”
• What are the shortcomings of using the BASIC version of “Maintenance and CapEx Estimator for Rental Properties” and how do we overcome them?
• Using the ADVANCED version of “Maintenance and CapEx Estimator for Rental Properties”
• Where to enter the output of the “Maintenance and CapEx Estimator for Rental Properties” into your deal analysis spreadssheet
• Why should you consider setting aside money at the start for known upcoming maintenance or capital expenses?
• Where do maintenance and capital expenses show up in our returns? And, why that’s not everything.
• Comparing buying a new construction property to a resale property in terms of maintenance and capital expenses
• As home price and rents decline, what tends to happen to maintenance and capital expenses?
• Rental property portfolio planning with capital expenses in mind
• Timing maintenance and capital expenses: two strategies explored
• Alternatives to saving for maintenance and capital expenses
• One way to get lucky with certain capital expenses and what to do if you end up being lucky
• A simple tool... properly timed and deployed... that could ultimately save you thousands of dollars on your maintenance and capital expenses
• Plus much more...

Check out the video and additional resources related to Secrets of Capital Expenses.

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

Learn the secrets of real estate inspections when buying in Providence.

This class is Module 31 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include:

• An overview the entire inspection process including choices and paperwork required
• What level of inspection are you doing prior to going under contract?
• Why dates and deadlines are critically important for keeping your earnest money or preventing a lawsuit
• What can you inspect during your inspection period… and what’s off limits?
• Why you need to operate in good faith and what that means
• Can buyers object to anything and everything? The answer may surprise new investors.
• Can buyers use inspections as a “I changed my mind” clause?
• Can buyers use inspections to terminate if they can’t find a buyer for their wholesale deals?
• What constitutes inclusions for a contract? And, can you object to the inclusions?
• What things that are not attached to the property are actually included?
• Is it true you can object to activities, odors, noises or how you might expect the occupants to be affected by such things?
• Can you object to not having fast internet? Or, other utilities?
• How objecting and resolutions work according to the paperwork
• Who are the parties involved in the inspection… including one you probably didn’t expect that can kill your deal
• Tips on negotiating win-win inspections
• Why you should insist on adding these extra dates to your inspections that most folks do not
• What happens if repairs are not done prior to closing
• What special title insurance add-on should you get if you’re objecting on inspection
• How to encourage a seller to accept your preferred inspection resolution suggestion
• Plus much more...

Check out the video and additional resources related to Secrets of Inspections.

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

Learn the secrets of wholesaling real estate in Providence.

This class is Module 30 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include:

• What are the different variations of wholesaling real estate and what are some of the pros and cons of each.
• What is a strategy similar to wholesaling where you can do half the work and earn the same amount of money… or earn twice as much money easier?
• What are the most common ways to finance properties that you’re wholesaling? And what are some of the more unusual ways?
• Is wholesaling typically an active or passive investment?
• How long do you typically hold wholesale properties for? And, why might you change that?
• How do you typically exit a wholesale property? How does your buyer typically finance the purchase when they buy from you?
• Is the wholesale strategy typically for real estate investors or real estate entrepreneurs… and what’s the difference?
• How much money is typically required to wholesale properties? What are some of the less common money requirements?
• What credit is required to wholesale? And, what are some less common credit-related requirements?
• What are the primary skills required for the real estate wholesaling business?
• Is the wholesaling 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 wholesaling strategy?
• What is your risk exposure when wholesaling real estate? What are some of your risks? How does that increase with certain sub-strategies?
• How quickly do you make money when wholesaling? What amount of money do you make at that interval?
• How does one typically find wholesale deals? What are some of the more unusual ways to find deals?
• What do you use to analyze wholesale properties?
• What are the ideal market conditions for the wholesale strategy and what is a challenging market to utilize this strategy in?
• How accessible or available are viable wholesale properties?
• Can you utilize your retirement money with the wholesale real estate investing strategy?
• Plus much more...

Check out the video and additional resources related to Secrets of Wholesaling.

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

Learn the secrets of determining fair market rent on properties in Providence.

This class is Module 29 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include:

• Why rents are not an exact number and what they really are
• At the end of the day, what is rent ultimately
• An overview of an easy method of determining fair market rent, a basic way and an advanced way and which you will likely want to use
• Why use “comparables” to determine rents
• What dimensions should we use to determine comps?
• Which are the most important factors for rent comps?
• How 6 people all looking at the same thing can all see something different and all be wrong
• Finding rent comps
• Using proximity to find appropriate rent comps
• Using the type or style of a property to narrow down rent comps
• Using square footage for narrowing down rent comps
• Using the age of the property to determine rent comps
• Narrowing the net to better determine fair market rent
• Evaluating your current competition to determine rent on your property
• The difference between “asking rent” and “rent received”
• A warning if you find yourself struggling to find rent comps
• What is the value of upgrades to a rental property
• How to make market-based rent adjustments
• An example going through how to determine rent on a property and what we ultimately ended up getting when we rented the property
• What my property manager uses as their process to determine fair market rent
• A note on getting rent comps when buying new construction properties
• Using the monthly payment on a new purchase to set rent on a property
• Tips on how to analyze properties now that we’ve covered rent comps
• Plus much more...

Check out the video and additional resources related to Secrets of Rent Comps.

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

Learn the secrets of insurance for real estate investors in Providence.

This class is Module 28 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include:

• Why you should not be penny-wise and pound-foolish with insurance and your real estate investments.
• The importance of having a strong relationship with your insurance agent/broker as a real estate investor.
• The difference between a captive insurance agent and an independent insurance broker… and why it matters.
• Why insurance policies are like snowflakes… and what you need to do about it.
• The importance of reading and understanding your insurance policies as a real estate investor.
• The dangers of jargon in insurance policies and what you should do to address insurance jargon.
• The importance of pausing before making claims with your insurance policies and the considerations to evaluate: should you make a claim?
• The importance of maximizing coverage limits for real estate investors.
• Why you should consider an umbrella policy as a real estate investor and what it protects you from… and what it doesn’t typically cover.
• How protection typically works with insurance on your properties, autos and umbrella.
• What might it cost and what value of protection might you get from an umbrella insurance policy?
• Why you should compare the premium/deductible on your properties for deal analysis.
• What are some holes most insurance policies have and what extra coverages might you get to plug those holes?
• Understanding replacement cost versus actual cash value as a real estate investor.
• Understanding the value of extended replacement costs and why it makes sense… especially in fast appreciation markets.
• How the payout might work for a roof replacement with replacement cost versus actual cash value.
• What strategies should you insist on extra insurance for the contents of your property?
• Why should you insist on a renter policy from all your tenants?
• What are some of the other insurance options you might consider as an investor?
• Plus much more...

Check out the video and additional resources related to Secrets of Insurance.

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

Learn the secrets to what happens while you're under contract to buy an investment property in Providence.

This class is Module 27 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include:

• What happens once you’re under contract through when you’re closing on a property?
• What due diligence should you be doing?
• Who is responsible for managing the dates and deadlines in a real estate contract?
• What is meant by good faith?
• When do you verify rent on the property?
• When do you bring in a contractor to verify costs of repairs?
• When do you verify HOA restrictions?
• What should you do immediately after having a contract accepted by the seller?
• What should you be doing during your title period? What does the real estate agent do?
• What should you be doing during the association review period? What should your real estate agent/broker do?
• What must you do regarding the Seller’s Property Disclosure?
• What should you be doing during the loan application period?
• How does the appraisal deadline work? What should you be doing? What does your real estate agent do?
• What should you be doing regarding surveys on properties?
• What due diligence should you be doing during the inspection period?
• What three things should you get from your dream team prior to inspecting the property?
• What should you be doing during the insurance period?
• Plus much more...

Check out the video and additional resources related to Secrets of Contract to Close.

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