Boston Real Estate Investing & Real Estate Financial Planning™ Podcast – Details, episodes & analysis

This is the introduction to the 46-module, 53-hour series called Real Estate Investing Secrets.

In this intro:

• There are no real secrets in life
• The 46 modules (53 hours) of content included in the course
• Nothing is difficult or hard… the only actual skill you’ll need for the real estate investing business
• The most common fears of real estate investors—and how to overcome them
• A brief background on James Orr, your instructor
• The Dunning-Kruger Effect as it applies to real estate investing
• The aggregation of marginal gains and why making just a 1% improvement daily will have an incredible impact on your real estate investing business
• Commencement
• Plus much more...

Check out Real Estate Investing Secrets.

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

Learn the secrets of financial independence for real estate investors in Boston.

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

Topics covered in this double-length module include:

• A custom spreadsheet to model where your investment money is coming from and where you will invest it to achieve financial independence.
• Your possible investing options to achieve financial independence.
• Factors to consider when selecting investment options.
• Typical returns an investor might see for each investing option.
• The two reasons for reinvesting some of your returns back into purchasing new investments—especially after reaching financial independence.
• Actions to avoid with your investment returns and why.
• The ideal cash flow engine.
• Financial independence mathematically defined.
• What counts toward being financially independent and what doesn't—some of these are controversial.
• How to speed up your journey toward financial independence.
• Safe withdrawal rates and their application to rental properties.
• Methods to accelerate achieving financial independence beyond earning more money and reducing expenses.
• How to increase returns to achieve financial independence and the importance of Return on Equity.
• The unexpected benefits of reallocating assets to speed up financial independence and how that impacts risk.
• The relationship between risk and speed and why it matters.
• The phases and stages of financial independence explained in detail.
• A discussion on borrowing money to invest in stocks, bonds, etc.
• A secret backdoor... chillaxing into financial independence.
• Plus much more...

Check out the video and additional resources related to Secrets of Financial Independence.

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

Learn the secrets of 1031 tax deferred exchanges in Boston.

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

Should I Put 15% or 20% Down When Buying a Rental Property?

In a real estate market that has seen significant increases in property prices and rapidly rising mortgage interest rates, it can be harder than ever to obtain decent cash flow. However, many real estate investors are tempted to minimize their down payments to optimize their overall returns by investing as little as possible in the deal.

A debate looms regarding whether a 15% or 20% down payment is preferable when purchasing an investment property. In this mini-class, James will guide you through a method for approaching this classic problem and provide some mathematical reasoning to help you reach a rational solution once and for all.

Check out the video from this class here:

Should I Put 15% or 20% Down When Buying a Rental Property? - Video

In this class, James discusses:

• Comparing various loan programs
• Getting mortgage interest rates and private mortgage insurance from your lender
• How to compare two differnet loan programs... using the example of 15% down versus 20% down when buying a rental
• Calculating the return on the extra down payment for yourself on your own deals
• Download the Loan Comparison Spreadsheet
• Plus much more...

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

Use this special budget spreadsheet to model changes in your situation like buying an owner-occupant property, buying rental properties, getting married or divorced or remarried, retiring and much much more.

The spreadsheet allows you to create 6 variations to your budgets for different seasons of your life to easily see how that impacts what you need to have to be financially independent.

Download the spreadsheet:

https://refp.info/soml

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

Loan Comparison Spreadsheet for Real Estate Investors

Sometimes it can be helpful to compare various loan programs and options simultaneously. For example, it could be useful to compare the monthly payment differences between various "nothing down," "low down," and full-size down payment options when buying a rental property.

Visually seeing a chart comparing the monthly payments of your choices of loans can assist you in making better decisions.

If you had a spreadsheet to easily compare a variety of loan programs at the same time, it would be even more helpful. In this mini-class, James will share with you a loan comparison spreadsheet that allows you to easily compare all of the most common traditional financing options for real estate investors.

Check out the video from this class here:

Loan Comparison Spreadsheet for Real Estate Investors - Video

In this class, James discusses:

• Comparing various loan programs
• Getting mortgage interest rates and private mortgage insurance from your lender
• Optimizing cash flow by minimizing monthly loan expenses
• Common loan differences between owner-occupant loans for investors utilizing Nomad™ and House Hacker strategies
• Common loan differences for non-owner-occupant loans
• Download the Loan Comparison Spreadsheet
• Plus much more...

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

Buying Down Mortgage Interest Rates for Real Estate Investors

There are several ways to improve cash flow on your rental properties. One option is to put more money down to reduce the amount you borrow. In some cases, this can also improve your interest rate by lowering your overall loan-to-value. However, when comparing putting more money down to buying down the mortgage interest rate, it is usually better to buy down the interest rate for any reasonable holding period. This is true from both a return on investment and improved cash flow perspective.

Learn more about buying down your interest rate in this mini-class.

Check out the video from this class here:

Buying Down Mortgage Interest Rates for Real Estate Investors - Video

In this class, James discusses:

• Buying down mortgage interest rates when buying a rental property
• Improving cash flow by buying down your rate
• You can choose your interest rate by how much you're willing to pay or receive as a credit toward closing costs
• Rate changes for the life of the loan
• What's a point and how do they work?
• What's par rate and why it is critically important to seek clarity from your lender when they quote you a rate?
• What can you do with extra money when buying a rental property?
• Comparing more down payment to buying down your interest rate
• Requesting a buy down table from your lender (and what they look like)
• Plugging numbers into the buy down spreadsheet
• Looking at the cost difference when buying down your rates to various levels
• Selecting where to buy down to
• Simple and compound return on investment calculations done for you
• Putting more down improves cash flow in 3 important ways
• Comparing more down payment to buying down interest rates (not just cash flow... cash flow and equity)
• Temporary solution to buying down rate or pre-paying PMI
• Download the Mortgage Buy Down Spreadsheet
• Plus much more...

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

Other Financing Options for Real Estate Investors

In the last several classes, we covered a variety of traditional financing options, including nothing-down financing, low down payment financing, conventional financing, and portfolio loans. These options represent the overwhelming majority of financing options used when purchasing properties.

However, there are a handful of financing options that are used infrequently, but it's still important to be aware of them. In this mini-class, we will discuss these other financing options, including private money, hard money, utilizing partners for financing, home equity lines of credit, owner financing, life insurance, self-directed retirement accounts, subject to and wrap financing, lease-options/lease-purchases, and foregoing financing to pay cash.

Check out the video from this class here:

Other Financing Options for Real Estate Investors - Video

In this class, James discusses:

• Primary financing types that make up 90%+ of all loans
• Creative financing: owner financing, wrap financing, lease-options/lease-purhcases, loan assumption, subject to, etc
• Private financing
• Hard money
• Line of credit (HELOCs)
• Buying properties for cash
• Partnerships (utilizing all the other strategies)
• Portfolio loans
• Life insurance
• Self-directed retirement accounts
• Plus much more...

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

Home prices are up a lot over the last 10 years or so, interest rates are up even more in the last 18 months or so, and—while rents are up—they’re not up enough to counteract the higher prices and interest rates.

That makes cash flow harder... but not for Ryan and his strategy...

We discuss this method of improving cash flow under "Improve Strategy" when we discuss our 88 cash flow improving strategies, but Ryan really drives home just how amazing it is.

Check out the interview and his website.

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

Prices have gone up rapidly in the last few years. And, interest rates are much higher. And even though rents are up, they’re not up enough to counteract the much higher prices and much higher interest rates. That makes it harder to achieve good cash flow with a reasonable down payment.

One way to overcome the impact of higher interest rates is to not use loans to buy rental properties.

In this comparison mini-class James will compare the Nomad™ real estate investing strategy to taking the significantly longer extra time to save up and buy rental properties for cash.

With the Nomad™ strategy, James will have you put 5% down and buy an owner-occupant property that you live in for at least a year until you’ve saved up the next 5% down payment plus closing costs and reserves. Then, buy another 5% down payment owner-occupant property and move into the new property. Convert the previous property to a rental. Repeat this process until you’ve acquired 10 properties total—9 of them rental properties you purchased with 5% down payments.

When buying properties for cash, you’ll still buy your first property with 5% down payment and move in. But, after that, you’ll take the significantly longer time to save up 100% to buy a rental property all cash. And, free and clear properties without loans have much, much better cash flow than properties financing with 5% down. But, it takes a lot longer to save up to buy the first property. Keep saving until you buy up to 9 rentals all cash.

Which strategy will get you to financial independence fastest? Which will get you the highest net worth? Which is riskiest? We will analyze this comparison for 305 US cities.

Check out the video and interactive charts from this class here:

https://RealEstateFinancialPlanner.com/model/nomad-versus-1-oo-then-9-all-cash/

Or, see Boston specific, detailed analysis of a variety of strategies here:

https://RealEstateFinancialPlanner.com/model/MA/Boston/

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