Learn the secrets of creative financing and real estate entrepreneurship in Sparks.

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
• The benefits and downsides of creative financing as an investor
• Using jargon versus general discussions… especially with sellers
• The importance of realizing that you’re not your sellers
• Why would a seller do creative financing… and why might they not do it
• The key characteristics of each type of owner financing, the benefits to the seller for doing that type, the qualifications for doing it and what the returns typically look like for each
• The dangers of specific types of owner financing and why/when you might consider doing a different strategy instead
• Dealing with seller’s equity
• Which loans should you assume and which should you consider passing on
• The differences between rent-to-own, lease-to-own, lease-option and lease-purchases and how attorneys can mix them
• How much money is required for each type of creative financing
• What happens to if you don’t buy
• An advanced strategy that can add an extra $13,500 or more to your bottom line on some deals
• With creative financing as an acquisition strategy, the options can you utilize on the back end
• How active/passive are creative financing strategies and what is the typical holding period
• What are the most common exits from creative financing deals and what financing do your buyers typically use
• Is creative financial and real estate entrepreneurship more of a real estate investor activity or a real estate entrepreneurial activity
• What money is required to do creative financing… the most common requirements and less common options
• What credit is required and for which creative financing strategy
• What skills are required to do creative financing
• Are creative financing strategies active or passively stable
• How scalable is utilizing creative financing and what are its limitations and strengths
• How risky is creative financing… including a list of its risks
• How do you find creative financing deals including a discussion of lazy and poor marketing methods
• What are the best (and worst) market conditions for creative financing
• How easily available/accessible are creative financing deals and where do you find them
• Can you invest using creative financing strategies with your retirement accounts
• A detailed discussion of the most common Frequently Asked Questions (FAQs) and Should Be Ask Questions (SAQs) about creative financing
• How to think about collecting fees from your tenant-buyers
• Plus much more...

Check out the video and additional resources related to Secrets of Creative Financing.

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

Learn the secrets of 1031 tax deferred exchanges in Sparks.

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 exchanges
• Specific exclusions with 1031 exchanges
• Refinancing before or after you do a 1031 exchange to pull cash out
• Why you can’t touch any of the money during the exchange
• Who can’t be your intermediary
• The strict time limits on 1031 exchanges
• The 3 rules for identifying replacement properties in 1031 exchanges
• 3 examples: without a tax-deferred exchange, with a 1031 and a 1031 with boot
• The danger to real estate investors of using a Qualified Intermediary (QI)
• Considerations when selecting a QI
• Questions to ask your prospective QI
• 3 sample contract provisions for required for completing a 1031 exchange
• Post-exchange documentation
• Adjusting basis when selling some of the properties you’ve 1031 exchanged into
• Avoiding boot when dealing with closing costs
• Typical costs for 1031 tax-deferred exchanges
• Asset protection and title solutions with 1031 exchanges
• How to 1031 out of a partnership when partnerships are not considered acceptable like-kind property
• How to utilize 1031 proceeds to partner with others when partnerships are not acceptable like-kind property
• Owner-occupying after completing a 1031 exchange to take advantage of the home sale exclusion
• The complicated process of 1031 exchanges into REITs
• How to invest in real estate and never pay capital gains or depreciation recapture taxes
• Can you 1031 exchange and pay off mortgages on other properties with the proceeds?
• Plus much more...

Check out the video and additional resources related to Secrets of 1031 Exchanges.

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

Learn the secrets of buying new construction properties in Sparks.

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 deal with that
• The downsides of the builder contract for real estate investors
• Getting ridiculously amazing deals on new construction properties
• The risks of investing in new construction properties that are different than buying resale properties
• Risks associated with financing new construction and how to mitigate them
• The math and benefits of upgrading to an extra bedroom when buying new construction
• Builders to refuse to sell to investors and what to do in those situations
• How builder pricing works and taking advantage of it as an investor
• Metro taxing districts and how to account for them
• Non-potable water on new construction properties
• Why to be wary of builder’s reps
• Using a real estate agent or broker to buy new construction
• The considerations of choosing a lot when buying new construction
• The math revealed: rolling in premium-priced builder extras or buying extras at a discount post-closing
• The imperfections of dealing with fences when buying new construction
• Customizing new construction properties when investing
• Radon on new construction properties
• Sewer lines and sewer scopes when buying new construction
• Gotcha! Inspecting new construction properties
• The builder walkthrough and dealing with missed expectations
• Dealing with builders using your property as a model before you close
• Visiting your property while under construction and avoiding having your contract terminated
• The PITA clause in builder’s contracts
• What to expect when walking through prior to closing
• Builder warranties and extended warranties on new construction
• Dealing with unsatisfactory concrete on new construction
• The ideal vs reality when taking marketing photos of your property after closing
• Bonus cash flow: assessing new construction properties
• Competition and vacancy of new construction properties
• Renting new construction: an easier sale?
• Warning: builders cutting corners to save money
• The myth and truth behind builder lawsuits
• The dangers and upside of new construction speculation
• Utilizing the new construction lease-option real estate investing strategy
• Plus much more...

Check out the video and additional resources related to Secrets of New Construction.

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

Learn the secrets of short-term rental properties in Sparks.

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 what are some of the more unusual ways?
• Are short-term rentals typically an active or passive investment?
• How long do you typically hold short-term rentals for? And, why might you change that?
• How do you typically exit a short-term rental? How does your buyer typically finance the purchase when they buy from you?
• Is the short-term rental strategy typically for real estate investors or real estate entrepreneurs… and what’s the difference?
• How much money is typically required to utilize the short-term rental strategy? What are some of the less common money requirements?
• What credit is required to buy short-term rentals? And, what are some less common credit-related requirements?
• What are the primary skills required for the short-term rentals business?
• Is the short-term rentals 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 short-term rentals strategy?
• What is your risk exposure when utilizing the short-term rentals real estate strategy? What are some of your risks? How does that increase with certain sub-strategies?
• How quickly do you make money when doing short-term rentals? What amount of money do you make at that interval?
• How does one typically find short-term rental deals? What are some of the more unusual ways to find deals?
• What do you use to analyze short-term rental properties?
• What are the ideal market conditions for the short-term rentals strategy and what is a challenging market to utilize this strategy in?
• How accessible or available are viable short-term rental properties?
• Can you utilize your retirement money with the short-term rentals real estate investing strategy?
• Plus much more...

Check out the video and additional resources related to Secrets of Short-Term Rentals.

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

Learn the secrets of improving cash flow by buying down your mortgage interest rates on rental properties in Sparks.

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

Learn the secrets of comparable sales to determine property value in Sparks.

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

Learn the secrets of real estate maintenance and capital expenses Sparks.

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

Learn the secrets of real estate inspections when buying in Sparks.

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