Manchester Real Estate Investing & Real Estate Financial Planning™ Podcast

• 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 Manchester. This class is Module 34 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: How improving cash flow by buying down your mortgage interest can help you get to financial independence faster and with less risk One way of calculating the benefit of buying down your mortgage interest rate and a better, more sophisticated metric I’d probably use We’re focusing on buying down mortgage interest rates when buying a property, but similar math could be applied when doing cash out refinances, cash in refinances, rate and term refinances or recasting a mortgage The big picture: buying down mortgage rates and receiving credits for taking higher rates How long does the mortgage buy down last What’s a point and how to calculate them Can I use credits to fund my down payment What is par rate and how to get par rate when talking to lenders Your options if you find yourself with extra money after your minimum total cost to acquire a property (down payment, reserves, closing costs, rent ready costs, cumulative negative cash flow/deferred down payment, etc) Comparing putting more down versus buying down your mortgage interest rate A sample mortgage buy down table from a lender and how to read it Downloadable spreadsheet for analyzing mortgage buy downs How to use the spreadsheet What are vanity rates and how to deal with them Using the spreadsheet to take advantage of market inefficiencies Use the spreadsheet to automatically calculate simple and compound rates of return for various mortgage buy downs Comparing the return in dollars for putting more down or buying down mortgage interest rates Including improved equity growth in our comparisons When you should not buy down your mortgage How to determine if you should buy down your mortgage interest rate or pre-pay PMI instead Plus much more... Check out the video and additional resources related to Secrets of Buying Down Mortgage Interest Rates. Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:https://RealEstateFinancialPlanner.com/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 Manchester real estate investor podcast? Book a free consultation to discuss.

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• Secrets of Comparable Sales

  Learn the secrets of comparable sales to determine property value in Manchester. This class is Module 33 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: How do you know if you’re paying a good price for a property you’re buying (not too high)? How do you know if you’re getting for a good price for a property you’re selling (not too low)? Why use comparable sales to determine a property’s value What makes a property comparable? What are the most important factors for finding true comparable properties? How do you find comparable sales to use? How to use sold comparable sales and how to use active for sale properties when doing comps What range of square footage should use for comparable sales? How do you deal with outliers? What should you use for proximity when determining comps? How do you compare properties of different types or styles? How do you deal with the age of a property for comps? Narrowing the net to come up with a handful of really good comps Addressing your current competition in actively listed, comparable properties Reconciling asking price versus sold price Why and when you might want to get access to the MLS A warning when you can’t find many comps What are the value of upgrades when comparing properties? What is so important about market-based adjustments? Stable markets versus changing markets: how far back should you go for sold comps? Comping income properties versus owner-occupant properties List of websites to get free comps from How accurate are automated valuations (like Zillow, Redfin, etc)? Determining value and comparable sales Walking through a property’s value on the free comp websites as an example A tool for plotting square footage versus price to determine your property value The importance of buyer’s eyes as the final step when determining price Plus much more... Check out the video and additional resources related to Secrets of Comparable Sales. Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:https://RealEstateFinancialPlanner.com/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 Manchester real estate investor podcast? Book a free consultation to discuss.

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• Secrets of Capital Expenses

  Learn the secrets of real estate maintenance and capital expenses Manchester. This class is Module 32 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What’s the difference between capital expenses and maintenance on a rental property? What do I need to do to have my rental property business be a “qualified business” to get the tax advantages from the IRS? A downloadable log to keep the required contemporaneous records for qualified rental property businesses Examples of traditional maintenance versus capital expenses on a rental property How to account for maintenance and capital expenses when analyzing deals (including a spreadsheet for analyzing deals that models both for you) Are paint and carpet considered maintenance or capital improvement? How to determine what maintenance percentage to use when analyzing deals with detailed example How the price of the property, rent and ultimately Gross Operating Income impacts your maintenance percentage The danger of low-priced rental properties in relation to maintenance and capital expenses How to completely due diligence for maintenance and capital expenses on your rental properties Your 3 options regarding maintenance and capital expenses... and why #1 is not a good strategy Using the BASIC version of “Maintenance and CapEx Estimator for Rental Properties” What are the shortcomings of using the BASIC version of “Maintenance and CapEx Estimator for Rental Properties” and how do we overcome them? Using the ADVANCED version of “Maintenance and CapEx Estimator for Rental Properties” Where to enter the output of the “Maintenance and CapEx Estimator for Rental Properties” into your deal analysis spreadssheet Why should you consider setting aside money at the start for known upcoming maintenance or capital expenses? Where do maintenance and capital expenses show up in our returns? And, why that’s not everything. Comparing buying a new construction property to a resale property in terms of maintenance and capital expenses As home price and rents decline, what tends to happen to maintenance and capital expenses? Rental property portfolio planning with capital expenses in mind Timing maintenance and capital expenses: two strategies explored Alternatives to saving for maintenance and capital expenses One way to get lucky with certain capital expenses and what to do if you end up being lucky A simple tool... properly timed and deployed... that could ultimately save you thousands of dollars on your maintenance and capital expenses Plus much more... Check out the video and additional resources related to Secrets of Capital Expenses. Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:https://RealEstateFinancialPlanner.com/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 Manchester real estate investor podcast? Book a free consultation to discuss.

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  1:02:29
• Secrets of Inspections

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

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  1:08:21
• Secrets of Wholesaling

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

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