How to Analyze Deals with Private Mortgage Insurance (PMI)

Tyler Real Estate Investing & Real Estate Financial Planning™ Podcast

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Sisällön tarjoaa Real Estate Financial Planner LLC and James Orr and James Orr. Real Estate Financial Planner LLC and James Orr and James Orr tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.

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Now On Netflix

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Now On Netflix is your guide for what to watch this week on Netflix. Join the writers and editors from Tudum.com as they discuss the latest films and series coming to Netflix - and why you won't want to miss them! Celebrity interviews, exclusive insights, upcoming releases, and a behind-the-scenes look you won’t get anywhere else. New episodes every Thursday. https://www.netflix.com/tudum

vuosi sitten 12:34

MP3•Jakson koti

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:

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

154 jaksoa

#Trading #Entrepreneur #Business #Real Estate Financial Planner LLC and James Orr #James Orr #Tyler Real Estate Financial Planner #Tyler Real Estate Investing #Tyler Real Estate Investor

How to Analyze Deals with Private Mortgage Insurance (PMI)

Tyler Real Estate Investing & Real Estate Financial Planning™ Podcast

published vuosi sitten

Jaa

MP3•Jakson koti

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

154 jaksoa

#Trading #Entrepreneur #Business #Real Estate Financial Planner LLC and James Orr #James Orr #Tyler Real Estate Financial Planner #Tyler Real Estate Investing #Tyler Real Estate Investor

Kaikki jaksot

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Secrets of Inspections 1:08:16

2 päivää sitten1:08:16

1:08:16

Learn the secrets of real estate inspections when buying in Tyler. 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 Tyler real estate investor podcast? Book a free consultation to discuss.…

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Secrets of Wholesaling 53:04

9 päivää sitten53:04

53:04

Learn the secrets of wholesaling real estate in Tyler. 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 Tyler real estate investor podcast? Book a free consultation to discuss.…

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Secrets of Rent Comps 59:04

16 päivää sitten59:04

59:04

Learn the secrets of determining fair market rent on properties in Tyler. 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 Tyler real estate investor podcast? Book a free consultation to discuss.…

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Secrets of Insurance 56:57

23 päivää sitten56:57

56:57

Learn the secrets of insurance for real estate investors in Tyler. 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 Tyler real estate investor podcast? Book a free consultation to discuss.…

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Secrets of Contract to Close 1:09:21

30 päivää sitten1:09:21

1:09:21

Learn the secrets to what happens while you're under contract to buy an investment property in Tyler. 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 Tyler real estate investor podcast? Book a free consultation to discuss.…

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Secrets to Improving Cash Flow 1:24:35

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Learn the secrets to maximizing cash flow on rentals in Tyler. 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 work Searching for properties and negotiating for seller concessions Searching for properties with creative financing When selecting a lender/mortgage broker When selecting a loan based on closing costs Offering less than list price when buying properties Paying for closing costs upfront instead of financing them Pre-paying Private Mortgage Insurance (PMI) instead of paying it monthly Getting a staggered rate mortgage Buying down your mortgage interest rate Improving your credit score Adding a strong borrower to the loan Removing a weak borrower from the loan Getting a loan partner Signing up for auto-pay Having additional accounts or relationship with your lender Changing the amortization of the loan including interest only loans, negative amortization loans Improving your interest rate from changing loan durations Extending the repayment period Changing the amount borrowed Changing your loan-to-value of the mortgage Accepting an adjustable-rate mortgage Eliminating PMI Pre-paying PMI Utilizing a rate and term refinance before acquisition Doing a cash out refi to buy/refi a property Paying cash for a property instead of financing it When getting private or creative financing Formally assuming a mortgage Changing the term of the lease Utilizing lease-options Niching down and catering to a specific group of tenants Utilizing roommates, renting by bed/bedroom and/or renting by parts Subdividing the property Upgrading the property Installing solar Furnishing the property Converting the property to more optimal configurations Collecting improvement rent Optimizing the marketing of the property Maximizing exposure when marketing Improving your sales skills to tenants and tenant-buyers Optimizing showings Refinancing the property to extend term and/or improve rate Paying off the loan completely Correcting inaccurately assessed properties Voting to minimize taxes Shopping insurance rates Changing insurance coverages Changing who is insured Changing insurance deductibles Requesting PMI be removed Getting discount for auto-pay Getting discount for early payment Self-managing the property Hiring a professional property manager Managing your property manager Insisting on best property management practices Maintaining your property Using quality materials in your property Accelerating depreciation Offering additional paid services to tenants Offering done-for-them services to tenants Correctly billing back for services included Tiering rent by credit score Collecting pet rent Changing billing frequency Offering auto-pay Offering discount for early or on-time payments Insisting on ample notice of lease renewal Marketing early for next tenant Renewing leases during peak season Insisting on tenant’s having renter’s insurance Plus much more... Check out the video and additional resources related to Secrets to Improving Cash Flow . Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to: https://RealEstateFinancialPlanner.com/spreadsheet Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies. Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Tyler real estate investor podcast? Book a free consultation to discuss.…

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Secrets to Low and Nothing Down Strategies 1:13:24

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Learn the secrets to buying investment properties with little or no down payments in Tyler. 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 little or no down payment? Why it makes sense… sometimes… to not do a deal even if it is low or nothing down. What are the best nothing down options and why? What are the best low down payment options and why? What are all the creative financing options and how can they be low or nothing down? Which are the loans that you borrow down payments for? What is the special loophole for borrowing down payments from partners? What is the limiting factor in doing some of the nothing down strategies? And, how do you overcome it? Which strategies are going to be more likely to be low and nothing down? How do you utilize traditional buy and hold with low and nothing down options? How do you house hack with low and nothing down options? How to use roommate income to help qualify for mortgages. How do you utilize the Nomad™ real estate investing strategy with low and nothing down options? How do you fund the purchase of your entire real estate portfolio starting with just one—no down payment or low down payment—property purchase? How do you BRRRR with low and nothing down options? How do you flip properties with low and nothing down? How do you wholesale properties with little or no down payments? How do you utilize real estate entrepreneurship and creative financing to do deals with little or no down payment? How do you use option fees to eliminate the need for down payments? How do you combine a low/nothing down BRRRR strategy with short-term rentals or student rentals? How do you do short-term rentals or student rentals without owning properties? How to utilize partners and structure partnerships to eliminate the need for down payments? Using a magical concept to take financing with you from previous properties to eliminate the need for down payments on future purchases? Better than nothing down: how do you pull money out when you buy? Plus much more... Check out the video and additional resources related to Secrets to Low and Nothing Down Strategies . 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 Tyler real estate investor podcast? Book a free consultation to discuss.…

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Secrets to Risk Mitigation and Elimination 1:31:45

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Learn the secrets to eliminating or, at least, mitigating the risks when investing in real estate in Tyler. 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 Tyler real estate investor podcast? Book a free consultation to discuss.…

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Secrets to BRRRR 40:21

8 weeks sitten40:21

40:21

Learn the secrets to the BRRRR real estate investing strategy in Tyler. 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 Tyler real estate investor podcast? Book a free consultation to discuss.…

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Secrets to Paperwork to Buy and Sell 1:03:45

9 weeks sitten1:03:45

1:03:45

Learn the secrets to the paperwork to buy and sell real estate in Tyler. 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 Tyler real estate investor podcast? Book a free consultation to discuss.…

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Secrets of Comparing Mortgages and Lenders 57:53

10 weeks sitten57:53

57:53

Learn the secrets to comparing mortgages, loans and lenders in Tyler. 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 Tyler real estate investor podcast? Book a free consultation to discuss.…

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Secrets of Analyzing Deals 1:20:13

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Learn the secrets to analyzing deals in Tyler. 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 Tyler real estate investor podcast? Book a free consultation to discuss.…

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Secrets of Flipping Properties 1:02:02

12 weeks sitten1:02:02

1:02:02

Learn the secrets to flipping properties in Tyler. 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 Tyler real estate investor podcast? Book a free consultation to discuss.…

29 weeks sitten1:25:39

1:25:39

Having a solid understanding of historical market stats is important for investing in real estate in Tyler. 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 properties gone up per year since 1965? What would your annual ROI be on a property using that appreciation rate if you put 20% down as an investor or 5% down as a Nomad™ or house hacker? If we adjust for inflation, how much have properties goes up in value per year? Why is this not a truly apples to apples comparison and what can we do about it? What would a typical owner-occupant primary residence rent for? How has that changed since 1975? What is the rent equivalent appreciation rate over that period? And, why is that not a fair and valid comparison? What’s one measure of housing affordability? And, does it prove houses are less affordable today than they were between now and 1980? What are new construction properties selling for? How has that changed since 1960? How many new single-family homes are for sale in the US now and going back to 1960? How many have sold? What can we determine from this? What’s a stat that combines both the supply of properties for sale and the demand for properties into one powerful single number? How do we interpret that stat? How has it changed between 1960 and now? How many properties are occupied by owner-occupants? How many by rents? How has this number changed between now and 2000? What percentage of properties are vacant and for sale? What percentage are vacant and for rent? How has this number changed between 1960 and today? How does this relate to your estimated vacancy rate on my personal rental properties? What have 30-year fixed rate mortgage interest rates done between 1960 and today? How does that impact you as investor today? Why is this a perfect example of desirably asymetric risk and how to utilize it as a real estate investor? What have typical mortgage origination fees and discount points been since 1960 through recent times? How does this directly impact you as a real estate investor today? What percentage of households in the US are homeowners? How has that changed since 1960 through today? What does that mean for us as real estate investor landlords? What is the median household income in the US—adjusted for inflation? And, how has that changed since 1980? What percentage of household disposable income is spent on debt service and, separately, how much is spent on mortgage debt? How to think about this? How does this strongly play into favor for real estate investors that hold properties and mortgages for long periods of time? How much equity do US households have? What percentage of property do they have as equity and how has that changed since the 1950s. Can we see as our nation’s philosophy on housing debt has changed over the last 70+ years? What is our current position on property equity? How have home prices changed (adjusting for inflation and not)? How often have property values declined year-over-year? How frequently—and by how much—have property values increased? What lessons can we—as real estate investors—take away from that to help us make better decisions? A discussion of a great chart by John Wake showing how the amount you can borrow while keeping a $1,000 per month mortgage payment changes with interest rates over time. How does the cash price, the inflation adjusted cash price and the monthly mortgage payment price of a property compare to a property in 1990 for all months through 2024? What lessons—as real estate investors—can we draw from this to make better investment decisions? How has per capita (per person) personal income in the US changed from 1990 through 2022? How many single family homes and apartments (5+ units) have we been completing each month since the mid 1960s through today? Why might this be a really good early signal depending on your desired real estate investing strategy? How many houses are completed by region of the US? What is a great way to measure how swiftly a real estate market is moving? What’s normal? What do we see every year? What do we see over time? How many times is a typical house marketed for sale shown? How has that changed over time? What are we seeing now? How have rents been changing? What is normal? What are we seeing lately? How does rent impact cash flow and why is this to our significant advantage as real estate investors? Plus much more... Check out the video and additional resources related to Secret Market Stats . 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 Tyler real estate investor podcast? Book a free consultation to discuss.…

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Tyler Real Estate Investing & Real Estate Financial Planning™ Podcast « » How to Analyze Deals with Private Mortgage Insurance (PMI)

How to Analyze Deals with Private Mortgage Insurance (PMI)

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Tyler Real Estate Investing & Real Estate Financial Planning™ Podcast « »
How to Analyze Deals with Private Mortgage Insurance (PMI)