Spokane Real Estate Investing & Real Estate Financial Planning™ Podcast
This podcast focuses on real estate investing in Spokane, Washington, combining financial planning and modeling with numbers specific to the Spokane market. It also includes syndicated recordings of live and pre-recorded real estate investing classes that are not all specific to Spokane. The host, James Orr, provides insights and strategies for investors interested in the Spokane area.
Episodes
Introduction to Real Estate Investing Secrets Course
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
Secrets of Financial Independence
Learn the secrets of financial independence for real estate investors in Spokane.
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
Secrets of Tax Optimization and Minimization
Learn the secrets of tax optimization and minimization for real estate investors in Spokane.
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
Secrets of Cash on Cash ROI and Cap Rates
Learn the secrets of Cash on Cash ROI and Cap Rates in Spokane.
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
Secrets of ROI versus Return on Equity
Learn the secrets of return on investment and return on equity in Spokane.
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 ar
Secrets of Partnerships
Learn the secret of real estate investing partnerships in Spokane.
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 marketpla
Secrets of Being Preferred Client
Learn the secret of becoming the preferred real estate investor client that real estate agents and brokers in Spokane 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
Secret Real Estate Investing Horror Stories
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 inves
Secrets of Analyzing Multi-Family Properties
Learn the secrets of analyzing multi-family properties in Spokane.
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 mult
Secrets of Creative Financing
Learn the secrets of creative financing and real estate entrepreneurship in Spokane.
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
T
Secrets of 1031 Exchanges
Learn the secrets of 1031 tax deferred exchanges in Spokane.
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 e
Secrets of New Construction
Learn the secrets of buying new construction properties in Spokane.
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 dea
Secrets of Short-Term Rentals
Learn the secrets of short-term rental properties in Spokane.
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
Secrets of Buying Down Mortgage Interest Rates
Learn the secrets of improving cash flow by buying down your mortgage interest rates on rental properties in Spokane.
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 calculat
Secrets of Comparable Sales
Learn the secrets of comparable sales to determine property value in Spokane.
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
Secrets of Capital Expenses
Learn the secrets of real estate maintenance and capital expenses Spokane.
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
Secrets of Inspections
Learn the secrets of real estate inspections when buying in Spokane.
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 importa
Secrets of Wholesaling
Learn the secrets of wholesaling real estate in Spokane.
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 m
Secrets of Rent Comps
Learn the secrets of determining fair market rent on properties in Spokane.
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 adva
Secrets of Insurance
Learn the secrets of insurance for real estate investors in Spokane.
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 in
Secrets of Contract to Close
Learn the secrets to what happens while you're under contract to buy an investment property in Spokane.
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
Secrets to Improving Cash Flow
Learn the secrets to maximizing cash flow on rentals in Spokane.
This class is Module 26 of 46 in a series called Real Estate Investing Secrets.
Topics covered in this module include how to improve cash flow:
When selecting a real estate agent/broker
Locking/floating your mortgage interest rate
Searching for less expensive properties
Searching for pretty properties that don’t need wor
Secrets to Low and Nothing Down Strategies
Learn the secrets to buying investment properties with little or no down payments in Spokane.
This class is Module 25 of 46 in a series called Real Estate Investing Secrets.
Topics covered in this module include:
What are the loans you use to invest in real estate with little or no down payment?
What are the real estate investing strategies you can use to invest in real estate with li
Secrets to Risk Mitigation and Elimination
Learn the secrets to eliminating or, at least, mitigating the risks when investing in real estate in Spokane.
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
Secrets to BRRRR
Learn the secrets to the BRRRR real estate investing strategy in Spokane.
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 w
Secrets to Paperwork to Buy and Sell
Learn the secrets to the paperwork to buy and sell real estate in Spokane.
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
Secrets of Comparing Mortgages and Lenders
Learn the secrets to comparing mortgages, loans and lenders in Spokane.
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
Secrets of Analyzing Deals
Learn the secrets to analyzing deals in Spokane.
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 betwee
Secrets of Flipping Properties
Learn the secrets to flipping properties in Spokane.
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 flippi
Secrets of Bookkeeping
Learn the secrets to real estate investor bookkeeping and accounting in Spokane.
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
Secrets to Getting Your First Deal Done
Learn the secrets to getting your first real estate investment deal done in Spokane.
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
Secrets of Return on Investment
Learn the secrets of return on investment for rental properties in Spokane.
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 analy
Secrets to House Hacking
Learn the secrets of house hacking in Spokane.
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 wha
Secrets to Financing
Learn the secrets of financing investment properties in Spokane.
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 accept
Secrets to Down Payments
Learn the secrets of down payments for real estate investing in Spokane.
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 wor
Secrets to Selecting an Investor-Friendly Real Estate Agent
Learn the secrets of selecting an investor-friendly real estate agent in Spokane.
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
Secrets of Retirement Catch-Up
Learn the secrets of catching up on saving for retirement in Spokane... 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
Secrets of Nomad™ Real Estate Investing
Learn the secrets of the Nomad™ real estate investing strategy for Spokane 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 No
Secrets of Asset Protection
Learn the secrets of asset protection for Spokane 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,
Secrets of Hiring and Managing a Property Manager
Learn the secrets to hiring and managing a property manager in Spokane.
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.
Secrets of Overcoming Tenant Challenges
Learn how to overcome tenant challenges in Spokane.
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 i
Secrets of Buy and Hold Real Estate Investing
Learn the secrets to buy and hold real estate investing in Spokane.
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
Secrets of Property Management
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
Secrets of Tenant Screening
Tenant screeing... an important, but often overlooked skill. If you're going to manage properties yourself in Spokane, 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—an
Secrets to Marketing to Find Tenants
If you're going to manage properties yourself in Spokane, 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
Secret Market Stats
Having a solid understanding of historical market stats is important for investing in real estate in Spokane.
This class is Module 2 of 46 in a series called Real Estate Investing Secrets.
Topics covered in this module include:
Should you try to “time the market” using data to increase profitability?
How much are properties selling for? Do property values always go up? How much have p
Secrets of the 7 Ways to Invest in Real Estate
Having a deep understanding of the 7 key real estate investing strategies is critically important for your success as a real estate investor in Spokane.
This class is Module 1 of 46 in a series called Real Estate Investing Secrets.
Topics covered in this module include:
The 7 ways to invest in real estate… plus 2 more bonus strategies that we don’t cover
Which strategies are great for
Warning - Risks of Missed Inspection Issues When Investing in Real Estate
There's a risk to just about everything in life... including investing in real estate.
One risk that some real estate investors fear is the risk of buying a property having missed important, expensive issues with the property during the inspection period.
In this class, James will discuss the risk of investing in real estate and specficially the risks associated with missing things on i
How Return on Investment Changes Based on How You Pay PMI
If you're going to put less than 20% down when buying a property, the lender is likely to require that you pay private mortgage insurance (PMI) to protect them in case you default on the loan.
This usually applies to Nomads™, house hackers, and investors putting 15% down to acquire non-owner-occupant properties.
There are 3 ways to pay PMI:
Monthly
Get the lender to pay it by raising
Warning - Risks of Interest Rates Rising When Investing in Real Estate
There's a risk to just about everything in life... including investing in real estate.
One risk that some real estate investors fear is that rising mortgage interest rates will:
Increase their mortgage payment and therefore hurt cash flow, or
The rising mortgage interest rates will lower affordability and demand for properties, and therefore the value of properties they own will declin
Warning - Risks of Tenants Trashing Properties When Investing in Real Estate
In this special class about the dangers, risks and warnings of investing in real estate:
The #1 fear that keeps potential landlords and new real estate investors up at night!
Expert insights on why this fear is more common among inexperienced landlords and investors in challenging real estate markets.
Real-life horror stories of tenants causing significant damage and expensive repairs -
How to Analyze an All-Cash Rental Property Purchase
Interested in learning how to analyze deals using The World's Greatest Real Estate Deal Analysis Spreadsheet™? Specifically, do you need to know how to analyze a deal purchased with an interest-only loan?
In this special deal analysis, you will:
Discover the secret strategy for analyzing the purchase of a rental property with an interest-only loan that can dramatically boost your cash
Haunted Houses or Hidden Treasures? Decoding Stigmatized Real Estate
Life has risks. Investing adds new risks. Investing in real estate adds new risks specific to real estate investing.
One risk that is unique to real estate investing is the risk of buying a stigmatized property or having a property become stigmatized while you own it.
In this class, James will:
Uncover hidden gems in the real estate market and turn them into profitable investments.
Le
Real Estate Investing Through Massive Foreclosure Periods
Real Estate Investing Through Massive Foreclosure Periods
Join us for an exclusive episode of the REFP podcast, focusing on "Real Estate Investing Through Massive Foreclosure Periods." In this enlightening episode, you'll dive into the following insights:
Discover the secret to making money during economic downturns, a strategy that can set you apart from the crowd.
Learn how to attrac
Deal Alchemy™ - Debt Paydown to Cash Flow
Deal Alchemy™ - Debt Paydown to Cash Flow
Join us for an exciting and enlightening class with James Orr as he delves into the fascinating world of Deal Alchemy™. In this class, listeners will discover a surprisingly powerful strategy that has the potential to drastically improve cash flow on rental properties. Whether you're considering buying a new rental property or already own one, th
Tax Deductibility of PMI Payments
Tax Deductibility of PMI Payments
Are you an owner-occupant puzzled by the ever-changing rules around PMI (Private Mortgage Insurance) deductibility? Or perhaps an ambitious real estate investor, hungry to maximize your deductions and supercharge your profits? Then this class is your golden ticket to the world of tax wisdom!
Join us for an exhilarating journey through the labyrinth of P
Functional Obsolescence Unveiled: The Silent Value Killer in Real Estate Investments—and How to Defeat It!
Functional Obsolescence Unveiled: The Silent Value Killer in Real Estate Investments—and How to Defeat It!
There's a often overlooked risk of investing in reale state: obsolescence. Whether we're focused on properties that are or will become functionally obsolete or drift directly into economic or physical obsolescence... these are real-world risks with real-world impact to your bottom l
How to Analyze an All-Cash Rental Property Purchase
How to Analyze an All-Cash Rental Property Purchase
Deal analysis is important. Learning how to analyze deals is a critical skill for all real estate investors, whether you're financing 100% of the purchase or buying a property without a loan at all and paying all cash.
In this class, we will look at how deal analysis changes when you plan to buy a property for all cash, without a mortg
How Return on Investment Changes Based on Credit Score With PMI
How Return on Investment Changes Based on Credit Score With PMI
Does your credit score really matter when you're buying rental properties? Sure, your credit score impacts the mortgage interest rate you can get with traditional mortgages. And yes, your credit score affects how much private mortgage insurance (PMI) will cost. Your credit score can also be a factor in the cost of insurance
Is It Better to Buy Rentals with 25% Down or All Cash After Buying an Owner-Occupant?
So, are you stressing out over higher mortgage interest rates and properties not cash flowing as well as they used to, or in some markets, not having positive cash flow at all... even with 25% down?
What's a real estate investor seeking financial independence to do?
In this class, we will compare two strategies. In both strategies, you first buy an owner-occupant property with a 5% down
The Impact of Buying Properties at a 5% Discount When Nomading™
So, you're considering Nomading™. Excellent!
But as you dig into the details, you may wonder what the impact would be if you chose to buy a more desirable, higher quality, but maybe less optimal property at full price (without a discount), versus focusing on finding a slightly less desirable, slightly lower quality, but slightly more optimized rental property that you can buy at a 5% dis
Deal Alchemy™ - Black Box Cash Flow
Deal Alchemy™ - Black Box Cash Flow
Deal Alchemy™ is all about manipulating returns to get the returns you desire most.
One variation of Deal Alchemy™ has you think about your rental property investment as a black box. You put money into the black box, some magical things happen over the next few years and out pops profit which you can spend like cash flow.
That's what James will cover
Warning - Risks of Rental Demand Declining When Investing in Real Estate
Warning - Risks of Rental Demand Declining When Investing in Real Estate
Risk, risk, risk... Life is full of risks.
To a limited degree, we get to choose which risks we voluntarily take on.
For example, if you choose to invest in real estate, you choose to take on some additional risks that you might not—directly—face if you opt to invest in something else with its own set of risks.
O
Private Mortgage Insurance Myths
Private Mortgage Insurance Myths
Reputation can be a challenging thing. I have found, through many conversations with clients over the years, that Private Mortgage Insurance (PMI) has a questionable reputation with home buyers in general and investors in particular.
However, much of its reputation is based on half-truths, bad information, lies, and myths.
In this special class, James w
Warning - Risks of Neighborhood Decline When Investing in Real Estate
Warning - Risks of Neighborhood Decline When Investing in Real Estate
Everything in life has risks. Not investing adds certain types of risks, while investing adds other risks.
One risk that some real estate investors face is the possibility that the neighborhood they're investing in will decline, causing values and/or rents to drop.
So, how do we prevent this, and what can we do about
How to Analyze a Duplex
How to Analyze a Duplex
Some real estate investors are sensitive to their ability to get ten 30-year fixed rate financing loans and would prefer to fill those loan spots with larger purchases than just single family rental homes.
One way to do that is to buy more expensive properties like duplexes, triplexes or fourplexes.
In this class, James will walk you through how to analyze a dup
How to Analyze Deals with Private Mortgage Insurance (PMI)
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 D
Is it Better to Pay Off Properties with Cash Flow or In Full When Nomading™?
In many cases—not all, but many cases—real estate investors can speed up the time it takes to become financially independent by choosing to pay off the mortgages on their properties early.
Sometimes it makes sense to take every extra dollar beyond a healthy amount of reserves and aggressively pay off properties as quickly as possible. Other times, it might be better to invest money that
Deal Alchemy™ - Residential vs Commercial Property
Deal Alchemy™ - Residential vs Commercial Property
Deal Alchemy™ is all about manipulating the returns you're earning on your investments. Often, this is done through the choices we make when selecting the investment property and the strategies we choose to implement.
For example, you could choose to invest in residential properties where your tenants would live in the property. Alterna
Warning - Risks of Loan Called Due When Investing in Real Estate
Warning - Risks of Loan Called Due When Investing in Real Estate
Investing in real estate adds some risk to an already risk-filled life.
However, certain activities and strategies when investing in real estate create additional risks that other strategies and activities do not have.
For example, choosing to utilize strategies where the lender has the right to call a loan due—like many
How to Analyze Buying a Rental Property at a Discount
How to Analyze Buying a Rental Property at a Discount in Spokane
Some real estate investors insist on only buying properties where they can purchase them at a significant discount. While not mutually exclusive, other investors insist on buying quality properties at a fair price as long as it gets them their desired returns and will stand the test of time.
Buffett began as a deep value i
How to Calculate PMI
How to Calculate PMI
If you're planning to buy a property and put less than 20% down, you're likely to be required to pay Private Mortgage Insurance. Lenders prefer that you put at least 20% down, but if you insist on putting less than 20% down, they may still make the loan. However, they will usually do so at a slightly higher mortgage interest rate for taking on more risk and require t
Is it Better to Buy Rentals with 20% Down or For All Cash After Buying an Owner-Occupant First?
There are a large number of investing strategies you could pursue as a real estate investor: Nomad™, house hacking, fix and flip, buying 20% down rentals, buying 25% down rentals, saving up to buy free and clear rentals and many, many more options.
Which is the best?
Which gets you to financial independence fastest?
Which gives you the highest net worth?
Which gives you the highest stan
Deal Alchemy™ - Increasing Down Payment
Deal Alchemy™ - Increasing Down Payment
There are four primary returns from investing in rental properties: appreciation, cash flow, debt paydown, and the tax benefits of depreciation. Additionally, there is a secondary return in the form of the interest earned on the reserves required to make the investment in the first place.
Many real estate investors prefer the cash flow return over
Warning - Risks of Rental Property Expenses When Investing in Real Estate
Warning - Risks of Rental Property Expenses When Investing in Real Estate
Risk is all around us.
When we choose to invest in anything, we’re choosing to take on the additional risk characteristics of that investment.
For example, when we choose to invest in real estate, we choose to take on the risk characteristics of the specific real estate investing we opt to do minus the risk mitig
How to Analyze a New Construction Single-Family Home Property
How to Analyze a New Construction Single-Family Home Property in Spokane
Your ability to analyze deals is arguably the most important skill as a real estate investor. It allows you to make smart investment decisions and helps you avoid making career-ending bad decisions, such as buying cash-flowing-sucking vampire properties.
In this class, James will help you utilize The World's Greate
The 3 Strategies to Pay PMI
The 3 Strategies to Pay Private Mortgage Insurance (PMI)
Whether they're putting 15% down and buying a non-owner-occupied property or utilizing an owner-occupied loan with 0%, 3%, 3.5%, or 5% down for Nomading™ or house hacking, some real estate investors will choose to put less than 20% down. With the decision to put less than 20% down comes the choice of how to pay for private mortgage
Is It Better to Pay Off Rentals Early With Extra Cash Flow or Traditional Nomad™?
Investing in real estate is full of truthy-sounding falsehoods: it is always better to do X than Y. However, if you were crazy enough to sit down and do the math, you'd find the truth to be much more nuanced.
For example, should you take all your extra cash flow and savings and apply it to your mortgages each month to pay off rental properties faster? And if you do, is that a faster path
Deal Alchemy™ - Cash Flow to Debt Paydown
Deal Alchemy™ - Cash Flow to Debt Paydown
There are four primary returns from investing in rental properties: appreciation, cash flow, debt paydown, and the tax benefits of depreciation. Additionally, there is a secondary return in the form of the interest earned on the reserves required to make the investment in the first place.
Many real estate investors prefer the cash flow return ov
Warning - The Risk of Down Payment Size When Investing in Real Estate
Warning - The Risk of Down Payment Size When Investing in Real Estate
Life is full of risks. When we choose to invest, we choose to take on additional risks.
If we invest in stocks, we choose to take on certain risks. When we choose to invest in bonds, we take on different risks. When we choose to invest in real estate, we choose to take on additional and different risks.
One of the ri
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