Learn more about modeling your real estate investing strategy in CityName using a variety of different rules in the Real Estate Financial Planner™ software . Watch the video version of this class: https://realestatefinancialplanner.com/modeling-your-real-estate-investments-rules-overview/ Resources Mentioned In Class Real Estate Financial Planner™ Software - Get a free account on the Real Estate Financial Planner™ software to do your own modeling using the rules described in this class. Cash Flo...
Nov 24, 2022•1 hr 7 min•Ep. 27
You can purchase a property in Independence, Missouri using an FHA loan with just 3.5% down. Heck, sometimes you can even get down payment assistance to help with the 3.5% down payment. But there are other loans with lower down payment options. However, when you put less than 20% down, FHA loans require you buy insurance to protect the lender in case you default on the loan. This insurance… called Mortgage Insurance Premiums (MIP) for FHA loans or the equivalent of Private Mortgage Insurance (PM...
Nov 21, 2022•57 min•Ep. 26
Are we currently over-building? Have we been over-building in the last few years? Where are all the 5+ unit new construction properties? What can builders tell us about impending recessions? Find out the answers to these questions and more in this first-ever chart reaction podcast episode and video from James as he goes over the following two charts from Bill McBride’s Calculated Risk Blog . See the charts and watch the video version of this chart reaction video: https://refp.substack.com/p/hous...
Oct 27, 2022•20 min•Ep. 25
James is interviewed by Dave Goldberg with The Investor's Source about the effects of shifting economic forces on the real estate market. Watch the video version of this interview: https://www.youtube.com/watch?v=DELMeIdX8KE 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 ...
Oct 26, 2022•38 min•Ep. 24
This is a very personal recording of a class I recorded on March 10, 2021 for our real estate investor group in Northern Colorado. In it I share some very failures and what I wish I knew if I was getting started investing in real estate in Independence. Here's my list of tips: Not Get Rich Quick "A great business at a fair price is superior to a fair business at a great price." – Charlie Munger Reserves Return Quadrants™ Nomad™ Focus Grass Isn’t Always Greener Past does not equal the Future Deep...
Oct 25, 2022•2 hr 25 min•Ep. 23
This is a recording of a class I recorded way back in June, 2021 for our real estate investor group in Northern Colorado. So, why am I publishing a class that's over a year old on October 24, 2022? Over the last month, I've had several people suggest to me or ask me if in our current real estate market in Independence... a real estate market where... Prices are UP... A LOT! Interest rates are UP... A LOT! Demand has cooled off quite a bit. Rents are UP, but not THAT MUCH. Income is UP, but not T...
Oct 24, 2022•2 hr 4 min•Ep. 22
With rising interest rates in Independence, some real estate investors wonder what's a reasonable mortgage interest rate to use when planning out their next purchases. This episode was recorded to help real estate investors better understand historical mortgage interest rates and what is reasonable to use when modeling future real estate purchases. If you're buying a property in the next 30-90 days... just call your lender and get the current mortgage rates. But, what interest rate should you us...
Oct 14, 2022•14 min•Ep. 21
With rising interest rates in Independence, some investors are wondering if real estate investing is dead. This episode was recorded to help real estate investors better understand how much and how quickly interest rates have changed over the last 35 years. Then, with that knowledge, what the impact might be on real estate investors plus the start of a conversation on some possible solutions. Watch the video version of this class: https://realestatefinancialplanner.com/impact-of-rapidly-rising-i...
Oct 12, 2022•48 min•Ep. 20
Learn this advanced goal setting process for real estate investors called the Future Narrative Process (or Future Narrative Checklist). This is a throwback recording from 2012 when James first taught the process live. 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 pro...
Sep 30, 2022•51 min•Ep. 19
Most real estate investors in Independence, Missouri face similar challenges, hurdles and obstacles: Where do I get my next down payment from? How do I overcome negative cash flow or improve the cash flow I have? How do I qualify for the best loans? How do I find what I'm missing (deals, dream team, partners, tenants)? How do I commit to achieving my real estate goals, get the courage to act despite fear, gain the capabilities I need or eliminate fears? This class is broken up into 6 parts (publ...
Sep 23, 2022•26 min•Ep. 18
Most real estate investors in Independence, Missouri face similar challenges, hurdles and obstacles: Where do I get my next down payment from? How do I overcome negative cash flow or improve the cash flow I have? How do I qualify for the best loans? How do I find what I'm missing (deals, dream team, partners, tenants)? How do I commit to achieving my real estate goals, get the courage to act despite fear, gain the capabilities I need or eliminate fears? This class is broken up into 6 parts (publ...
Sep 16, 2022•13 min•Ep. 17
Most real estate investors in Independence, Missouri face similar challenges, hurdles and obstacles: Where do I get my next down payment from? How do I overcome negative cash flow or improve the cash flow I have? How do I qualify for the best loans? How do I find what I'm missing (deals, dream team, partners, tenants)? How do I commit to achieving my real estate goals, get the courage to act despite fear, gain the capabilities I need or eliminate fears? This class is broken up into 6 parts (publ...
Sep 09, 2022•15 min•Ep. 16
Most real estate investors in Independence, Missouri face similar challenges, hurdles and obstacles: Where do I get my next down payment from? How do I overcome negative cash flow or improve the cash flow I have? How do I qualify for the best loans? How do I find what I'm missing (deals, dream team, partners, tenants)? How do I commit to achieving my real estate goals, get the courage to act despite fear, gain the capabilities I need or eliminate fears? This class is broken up into 6 parts (publ...
Sep 02, 2022•18 min•Ep. 15
Most real estate investors in Independence, Missouri face similar challenges, hurdles and obstacles: Where do I get my next down payment from? How do I overcome negative cash flow or improve the cash flow I have? How do I qualify for the best loans? How do I find what I'm missing (deals, dream team, partners, tenants)? How do I commit to achieving my real estate goals, get the courage to act despite fear, gain the capabilities I need or eliminate fears? This class is broken up into 6 parts (publ...
Aug 26, 2022•25 min•Ep. 14
Most real estate investors in Independence, Missouri face similar challenges, hurdles and obstacles: Where do I get my next down payment from? How do I overcome negative cash flow or improve the cash flow I have? How do I qualify for the best loans? How do I find what I'm missing (deals, dream team, partners, tenants)? How do I commit to achieving my real estate goals, get the courage to act despite fear, gain the capabilities I need or eliminate fears? This class is broken up into 6 parts (publ...
Aug 19, 2022•11 min•Ep. 13
How prepared are you for a drop in rent in Independence, Missouri? How prepared are you for a drop in property values (price) in Independence, Missouri? Rent Resiliency™ measures how much rent can drop before you have negative cash flow. Price Resiliency™ measures how much property values (price) can drop before you're upside down, underwater or have negative equity. Learn how to measure and evaluate your individual properties, entire portfolio or entire real estate investing strategy in terms o...
Aug 12, 2022•2 hr 33 min•Ep. 12
Unexpected things while investing in real estate can be shocking! Find out the most common real estate investing shocks in Independence, Missouri and how to mitigate and/or elimiate them completely in this special class. Especially helpful for newer real estate investors that are not aware of some of the things that could go wrong while buying, selling and owning properties as a real estate investor in Independence. Topics discussed include: What are real estate investing shocks? Dan Sullivan sa...
Aug 05, 2022•2 hr 42 min•Ep. 11
Learn how to find off-market deals in Independence, Missouri. Especially helpful to find creative financing deals and fixer upper properties using marketing and other strategies. Topics discussed include: How real estate investors find deals from The Millionaire Real Estate Investor book by Gary Keller et al Why Motivated Sellers? Creative Transactions and Fixer Upper Properties. Where are we in the Real Estate Investor Daily Checklist ? 1-Step versus 2-Step Marketing The Importance of Being on ...
Jul 29, 2022•2 hr 53 min•Ep. 10
A deep-dive into real estate partnerships including the 3 roles: deal maker/syndicator, money partner and loan partner in Independence, Missouri. Includes a qualitative discussion of what real estate partnerships are and how to do them plus quantitative, numbers-based discussions showing how each partnership role might perform toward a goal of achieving financial independence. Check out our real estate partnerships (and other real estate investing strategies) for Independence, Missouri: https://...
Jul 22, 2022•2 hr 46 min•Ep. 9
A deep-dive into creative financing strategies like owner financing, wrap financing, subject to, lease-options, lease-purchases, rent to own, lease to own, agreement for deed, contract for deed and loan assumptions in Independence, Missouri. Includes a qualitative class discussing what the creative financing strategies are and how to do them plus quantitative, numbers-based discussions showing how creative financing strategies perform toward a goal of achieving financial independence. Check out ...
Jul 15, 2022•2 hr 52 min•Ep. 8
A deep dive into the flipping properties strategy in Independence, Missouri. Includes a qualitative class discussing what the quick turn and flipping properties strategy is and how to do it plus quantitative, numbers-based discussions showing how the strategy performs toward a goal of achieving financial independence. Check out our flipping properties modeling (and other real estate investing strategies) for Independence, Missouri: https://RealEstateFinancialPlanner.com/model/MO/Independence/ To...
Jul 08, 2022•2 hr 31 min•Ep. 7
A deep dive into the Buy, Rehab, Rent, Refi and Repeat (BRRRR) strategy in Independence, Missouri. Includes a qualitative class discussing what the BRRRR strategy is and how to do it plus quantitative, numbers-based discussions showing how the strategy performs toward a goal of achieving financial independence. Check out our BRRRR modeling (and other real estate investing strategies) for Independence, Missouri: https://RealEstateFinancialPlanner.com/model/MO/Independence/ Topics discussed includ...
Jul 01, 2022•1 hr 18 min•Ep. 6
A deep dive into the strategy of house hacking in Independence, Missouri. Includes a qualitative class discussing what the house hacking strategy is and how to do it plus quantitative, numbers-based discussions showing how the strategy performs toward a goal of achieving financial independence. Check out our house hacking modeling (and other real estate investing strategies) for Independence, Missouri: https://RealEstateFinancialPlanner.com/model/MO/Independence/ Topics discussed include: Money,...
Jun 24, 2022•2 hr 54 min•Ep. 5
A deep dive into the strategy of buying rental properties utilizing the Nomad™ real estate investing strategy in Independence, Missouri. Includes a qualitative class discussing what the Nomad™ strategy is and how to do it plus quantitative, numbers-based discussions showing how the strategy performs toward a goal of achieving financial independence. Check out our Nomad™ modeling (and other real estate investing strategies) for Independence, Missouri: https://RealEstateFinancialPlanner.com/model/...
Jun 17, 2022•2 hr 45 min•Ep. 4
A deep dive into the strategy of buying income producing rental properties to buy, hold and rent out in Independence, Missouri. Includes a qualitative class discussing what the strategy is and how to do it plus quantitative, numbers-based discussions showing how the strategy performs toward a goal of achieving financial independence. Check out our buy and hold modeling (and other real estate investing strategies) for Independence, Missouri: https://RealEstateFinancialPlanner.com/model/MO/Indepen...
Jun 10, 2022•2 hr 47 min•Ep. 3
James walks you through all the different real estate investing strategies available to real estate investors and real estate entrepreneurs in Independence, Missouri. This was a live class recorded to give investors a solid qualitative overview of all the different real estate investing strategies. Watch the video version of this class and download the handouts from the live in-person version: https://realestatefinancialplanner.com/real-estate-investing-strategies-class/ Additional Resources The...
Jun 03, 2022•2 hr 8 min•Ep. 2
James walks you through all the inputs for the rental property calculator, The World's Greatest Real Estate Deal Analysis Spreadsheet™, for analyzing cash flow on buy and hold properties in Independence, Missouri. This was a live class recorded for buy and hold real estate investors. Watch the video version of this class and download the handouts from the live in-person version: https://realestatefinancialplanner.com/an-intro-to-buy-and-hold-real-estate-deal-analysis/ Additional Resources The fo...
May 21, 2022•2 hr 7 min•Ep. 1
