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.

Learn the secrets to maximizing cash flow on rentals in Providence.

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