Épisodes

  • Secrets to Paperwork to Buy and Sell

    Secrets to Paperwork to Buy and Sell
    Feb 14 2025

    Learn the secrets to the paperwork to buy and sell real estate in Salt Lake City.

    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 Salt Lake City real estate investor podcast? Book a free consultation to discuss.
    Voir plus Voir moins
    1 h et 4 min
  • Secrets of Comparing Mortgages and Lenders

    Secrets of Comparing Mortgages and Lenders
    Feb 7 2025

    Learn the secrets to comparing mortgages, loans and lenders in Salt Lake City.

    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 Salt Lake City real estate investor podcast? Book a free consultation to discuss.
    Voir plus Voir moins
    58 min
  • Secrets of Analyzing Deals

    Secrets of Analyzing Deals
    Jan 31 2025
    Learn the secrets to analyzing deals in Salt Lake City. 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/spreadsheetImprove 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 Salt Lake City real estate investor podcast? Book a free consultation to discuss.
    Voir plus Voir moins
    1 h et 20 min
  • Secrets of Flipping Properties

    Secrets of Flipping Properties
    Jan 24 2025

    Learn the secrets to flipping properties in Salt Lake City.

    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 Salt Lake City real estate investor podcast? Book a free consultation to discuss.
    Voir plus Voir moins
    1 h et 2 min
  • Secrets of Bookkeeping

    Secrets of Bookkeeping
    Jan 17 2025

    Learn the secrets to real estate investor bookkeeping and accounting in Salt Lake City.

    This class is Module 18 of 46 in a series called Real Estate Investing Secrets.

    Topics covered in this module include:

    • What are the ways that real estate investors can use to keep their books (track income and expenses) for their real estate investing business?
    • What is the one tool that helps you get and stay organized and allows you to easily share and back up all your digital files?
    • How should you organize your physical/digital files to make it easier to manage the paperwork for your real estate investing business?
    • For real estate entrepreneurs dealing with seller leads, what is the recommended folder/file structure for managing all your seller property information files? How does this change if you’re doing it with physical files versus digital files?
    • Why do you insist on a specific file naming convention? And, what is that naming convention?
    • What is included in a typical Seller Property Information File?
    • How do you recommend setting up your property files for rental properties you own?
    • What is typically kept in the general folder for all properties? What about each individual property file... what do you typically keep in those?
    • What do you typically keep in each entity file?
    • How do you process digital communications (emails, calls, texts, PDFs, etc)? How do you process physical communications (paperwork, mail, bills, letters, etc)?
    • How do you set up your file system for tenants and property management?
    • How do you set up your file system for taxes?
    • What information will you need for each property to do your own taxes or to send to your accountant/CPA?
    • Do we get to deduct the entire mortgage payment? How do we get the number we can deduct?
    • Do we get to deduct the entire capital improvement? How much can we deduct under the safe harbor provision from the IRS?
    • How much can we write off for each mile traveled associated with our real estate investing business?
    • Plus much more...

    Check out the video and additional resources related to Secrets to Bookkeeping.


    Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

    https://RealEstateFinancialPlanner.com/spreadsheet

    Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

    Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Salt Lake City real estate investor podcast? Book a free consultation to discuss.
    Voir plus Voir moins
    57 min
  • Secrets to Getting Your First Deal Done

    Secrets to Getting Your First Deal Done
    Jan 10 2025

    Learn the secrets to getting your first real estate investment deal done in Salt Lake City.

    This class is Module 17 of 46 in a series called Real Estate Investing Secrets.

    Topics covered in this module include:

    • A 90-day plan to buy your first rental property.
    • Why there is nothing difficult to do in the real estate investing business and why it is really all about 1 critical skill that anyone can acquire regardless of age, gender, race or income.

    The resources you need—and we provide as part of the course—for:

    • Determining your real estate investing strategy
    • Understanding your market
    • Managing your rental properties
    • Setting up your asset protection plan with your attorney
    • Achieving financial independence and catching up on saving for retirement
    • Selecting your key dream team member who will refer you to your other dream team members
    • Who should be part of your dream team and why
    • Coming up with or eliminating the need for a down payment
    • The Core Skills required for real estate rentals
    • Financing your rental properties
    • Comparing lenders and mortgages to find the optimal financing for you and your strategy
    • Buying down mortgage interest rates to improve cash flow
    • Understanding the four primary returns on rental properties and the secondary return
    • Analyzing rental properties using The World’s Greatest Real Estate Deal Analysis Spreadsheet™ including single family homes, condos, townhomes, duplexes, triplexes, fourplexes and commercial properties with 5+ units
    • Minimizing rental properties expenses and maximizing rental property income to optimize cash flow
    • Understanding the paperwork to buy and sell real estate
    • Completing your inspection, due diligence and appraisal while under contract to buy the property
    • Understanding and optimizing insurance for your real estate business
    • Determining if you’re over-paying for a property or if you’ll get the price you expect when selling a property
    • Understanding the silent killer of rental properties and how to avoid it
    • Buying a new construction property as an investment
    • Setting up and managing your bookkeeping and accounting for your rental property and real estate investing business
    • Understanding the risks associated with investing in real estate and to how to mitigate some of the risks and completely eliminate some of the other risks
    • Evaluate whether you should sell or refi a property you own using return on equity
    • Deferring taxes on property sales using a 1031 tax-deferred exchange
    • Minimizing and optimizing taxes as a real estate investor
    • Achieving financial independence using real estate
    • Plus much more...

    Check out the video and additional resources related to Secrets to Getting Your First Deal Done.


    Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

    https://RealEstateFinancialPlanner.com/spreadsheet

    Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

    Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Salt Lake City real estate investor podcast? Book a free consultation to discuss.
    Voir plus Voir moins
    51 min
  • Secrets of Return on Investment

    Secrets of Return on Investment
    Jan 3 2025

    Learn the secrets of return on investment for rental properties in Salt Lake City.

    This class is Module 16 of 46 in a series called Real Estate Investing Secrets.

    Topics covered in this module include:

    • What are the 4 primary areas of return on rental properties? And, what is the secondary return?
    • What time period do we typically look at for returns on rentals? How does that change from analyzing the deal to steady-state of owning the rental property?
    • What are the two types of appreciation? Is appreciation just inflation? How much might appreciation be on a typical rental property?
    • What is cash flow? What expenses does cash flow include in its calculation? How much cash flow might you see on a typical rental property? And, what can cause that number to vary... and by how much?
    • How do you think about paying down the loan on rental properties? How much might you be paying down on a typical rental property?
    • What about the tax benefits on rental properties? How much might you see in tax benefits from a typical rental property?
    • How do we account for needing reserves when buying rental properties? Do we earn returns on reserves? What might that look like on a typical rental property?
    • Looking at all the returns in terms of dollars for three distinct cases.
    • A special downloadable spreadsheet for tracking returns on all your rentals.
    • A deeper look into how good these returns are... and introducing a new way to measure returns to compare them to other investments.
    • What gets included as part of “investment” in return on investment calculations—including two unexpected components that most people miss? And, how do we deal with reserves?
    • Examples of what the return on investment might look like for three distinct cases on a typical rental property.
    • When looking at the return on investment from purchase through sale, what gets included as a cost of sale?
    • How do we calculate Net Sale Price, Profit From Sale Before Taxes, Capital Gains Taxes, Depreciation Recapture Taxes, and Profit After Taxes?
    • A look at annualized return on investment, compound return on investment and internal rate of return (IRR) for rental properties... and why you don’t need to calculate these yourself when using The World’s Greatest Real Estate Deal Analysis Spreadsheet™.
    • Why return on investment is perfect when analyzing a property you’re considering buying and when looking at how an investment performed between when you bought it and when you sold it... but why we use something completely different for properties we currently own.
    • Plus much more...

    Check out the video and additional resources related to Secrets of Return on Investment.


    Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

    https://RealEstateFinancialPlanner.com/spreadsheet

    Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

    Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Salt Lake City real estate investor podcast? Book a free consultation to discuss.
    Voir plus Voir moins
    56 min
  • Secrets to House Hacking

    Secrets to House Hacking
    Dec 27 2024

    Learn the secrets of house hacking in Salt Lake City.

    This class is Module 15 of 46 in a series called Real Estate Investing Secrets.

    Topics covered in this module include:

    • What are the different variations of the house hacking real estate investing strategy and what are some of the pros and cons of each.
    • What are the most common ways to finance house hacking real estate investments? And what are some of the more unusual ways?
    • Is the house hacking real estate investing typically an active or passive investment?
    • How long do you typically hold house hacking real estate investments? And, why might you change that?
    • How do you typically exit a house hacking real estate investment? How does your buyer typically finance the purchase when they buy from you?
    • Is the house hacking real estate investing typically for real estate investors or real estate entrepreneurs... and what’s the difference?
    • How much money is typically required to invest utilizing the house hacking real estate investing strategy? What are some of the less common money requirements?
    • What credit is required to utilize the house hacking real estate investing strategy? And, what are some less common credit-related requirements?
    • What are the 4 primary skills required for house hacking real estate investors? And, how does one of those skills vary depending which strategy you’re utilizing.
    • Is the house hacking real estate investing actively or passively stable? And, what does that means in terms of the entire business blowing up in your face?
    • How scalable is the house hacking real estate investing strategy?
    • What is your risk exposure with the house hacking real estate investing strategy? What are some of your risks? How does that increase with certain sub-strategies?
    • How quickly do you make money with house hacking? What amount of money do you make at that interval?
    • How does one typically find deals as a house hacking real estate investor? What are some of the more unusual ways to find deals?
    • What do you use to analyze house hacking real estate investments and where to get a copy of the spreadsheet you need... for free?
    • What are the ideal market conditions for the house hacking real estate investing strategy and what is a challenging market to utilize this strategy in?
    • How accessible or available are viable house hacking real estate deals?
    • Can you utilize your retirement money to invest in house hacking real estate investments?
    • Plus much more...

    Check out the video and additional resources related to Secrets to House Hacking .


    Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

    https://RealEstateFinancialPlanner.com/spreadsheet

    Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

    Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Salt Lake City real estate investor podcast? Book a free consultation to discuss.
    Voir plus Voir moins
    1 h et 17 min