Nomad Real Estate Investing Podcast

What is your current budget?How much do you need to achieve lean FIRE (or the minimum to be financially independent)?How much do you need to achieve fat FIRE (or your ideal lifestyle and true financial independence)?Use The Ultimate Financial Independence Retire Early Budget™ for Excel to determine all these numbers for yourself quickly and easily.

In this special class on How to Buy a Rental Property you'll learn:- An entire overview of the buying process for buying a rental property- Learn exactly what James discusses with folks meeting with him for the first time to discuss buying/selling a property- What James typically gives to buyers at the first meeting including *The World's Greatest Real Estate Deal Analysis Spreadsheet™*- What is an Exclusive-Right-To-Buy Listing Contract and how do they work?- Why you may want the ability to terminate the agreement and a recommended way to structure that- When does your agreement end?- Different ways to pay your real estate agent/broker... when it is due and why it is not always the same- What if a brand-new agent and super-experienced agent cost the same?- What is a holdover period and how it can bite you in the hind-quarters- The "inside scoop" on real estate agents and kickbacks for recommending/referring you to other providers- What if your real estate agent/broker poops the bed and fails to perform?- Who pays for what... costs of the transaction- Keeping your identity secret- Attorney's fees and what happens when poop hits the fan- The real-world pros and cons of working with one real estate agent/broker versus many- Who does what in the transaction... a list of the key players and their roles- Building your team for acquiring your next deal and some suggestionsPlus info on setting goals, financing properties, receiving property lists via the MLS, establishing your buying criteria, analyzing deals, writing offers, comparing lenders, earnest money, down payments and much, much more.For detailed outline and downloadable resources see:https://realestatefinancialplanner.com/how-to-buy-a-rental-property/

New year, new spreadsheet.Get the first look at the new deal analysis spreadsheet with a goal to first simplify, then to empower.Tucked away are 90% of the numbers that no-one ever looks at in other spreadsheets. To the forefront are 9 of the most important charts summarizing the most important decision-making info you need to buy an amazing deal or pass on a dog-of-a-property.In this class James will walk you through the new spreadsheet and, at the end, email you a link to download it.What's covered:Everything on one reasonably-sized screenEasily print to one pageSimplified inputs - everything you need, but nothing you don'tAdvanced input overridesDrill down if neededThe difference between TWGREDAS and REFPOne-click export to REFP from TWGREDASEasily export the spreadsheet for presentations to raise money or share with partners, lenders, accountants, banker, teaching classes or you spouseThe 9 primary decision-making chartsMonthly Cash Flow and Cash Flow from Depreciation™Return in Dollars Quadrants™Return on Investment Quadrants™Returns if Sold (ROI and IRR)Cash on Cash and Cap RateReturn on True Net Equity™Key MetricsNon-Loan ExpensesTrue Net Equity™, Cash Out Refi Equity and Cost-To-Access EachModeling variable returnsProfessional sponsorsSilver and Gold Editions and how to downloadAnd, future improvementsDownload a copy of the spreadsheet here:https://realestatefinancialplanner.com/spreadsheet/

Capital Expenses (CapEx) can be the most harmful factor in how well your rental properties cash flow. And, the truth is: you have a lot of control over how it impacts you. But, unfortunately, most real estate investors don't even think about CapEx.In this new class, James will cover two new spreadsheets. The new Cap Ex Estimator for Rental Property - BASIC version and the new Cap Ex Estimator for Rental Property - ADVANCED version.The BASIC version is the way some others have tried to make a tool to estimate how much to set aside for CapEx. However, all of the other versions I've seen have a significant ERROR in them (which is corrected in this version).The ADVANCED version takes making investment decisions based on CapEx to the next level. It is the tool I wish I had with my own rentals, but didn't exist. So, I created it. And, it is AMAZING.Use these spreadsheets to eliminate buying a cash-flow-sucking-dog-of-a-property and to only buy properties with great cash flow (even accounting for CapEx... correctly this time).Use the spreadsheets as a sort-of "crystal ball" to predict the future and make decisions about keeping properties or selling them before they (unexpected) become an albatross around your neck.Plus, powerful ideas on how to all-but-completely eliminate your CapEx, reduce CapEx, shift some CapEx to a third-party at a fraction of the cost and much more.https://realestatefinancialplanner.com/capex/

James goes into a deep, thoughtful comparison of different loan types and the impact for real estate investors in this special financing class:https://RealEstateFinancialPlanner.com/real-estate-investor-loan-comparison-deep-dive/

Learn the 10 tips for getting offers accepted in hot markets in this special class by James Orr.PriceAppraisal Gap/WaiverEscalation ClausesCall Seller’s BrokerLender and LoanInspectionHot SheetsEarnest MoneyNo Conditional SalesAccept Backup PositionOr, check out the video with charts here:https://realestatefinancialplanner.com/10-tips-to-get-offers-accepted-in-hot-markets/

A question for the ages: should I sell my rental property?In this special class recording James discusses considerations when approaching this question along with some brand-new tools that allow you to determine the answer for yourself and your properties.https://RealEstateFinancialPlanner.com/should-i-sell-my-rental/

Cash flow is important.Some folks may argue that investing in real estate for anything other than cash flow is folly.How about an alternative view to cash flow where we use rental properties as a means to save and accumulate money and increase net worth similarly to how we might investing in stocks for long-term growth?In this episode we will focus on using rental properties as a investment for saving money in markets where finding cash flowing properties is challenging or impossible with reasonable sized down payments.https://RealEstateFinancialPlanner.com/an-alternative-to-cash-flow-saving-money-with-rental-properties/

In this special class, James has the two hour conversation he wishes he could have with EVERY client before they make an offer on a property.Check out the video with links to the class referenced in the episode here:https://RealEstateFinancialPlanner.com/wait-before-you-make-that-offer/

Get tips on saving money and reducing risk with insurance as a real estate investor.A special thanks to Brian Armstrong with Arrow Insurance Professionals for significant contributions to this presentation.Arrow Insurance ProfessionalsBrian ArmstrongPhone: (303) 284-2997Email: brian@arrowinsuranceprofessionals.comWebsite: http://arrowinsuranceprofessionals.comTo see the outline or watch the video of the presentation, check out the blog post here:https://realestatefinancialplanner.com/8-money-saving-risk-reducing-real-estate-investor-insurance-tips/

James gets personal with what went wrong and what he wish he knew before he started investing in real estate.https://RealEstateFinancialPlanner.com/10-things-i-wish-i-knew-before-starting-to-invest-in-real-estate/

James goes over some of his best tips for house hackers in this special class recording:Use an Appropriate Lease/House RulesMaximize Cash FlowProperty Search & SelectionAnalyze DealsMaximize InsuranceComply With LawsHealth and SafetyOptimize FinancingRepeat via Nomad™Pay TaxesBONUS: Tenant SelectionBONUS: Upgraded Finishes/FurnishingsOr, watch the video and read the outline here:https://RealEstateFinancialPlanner.com/10-house-hacking-tips-and-tricks-for-real-estate-investors/

Your toughest Nomad™ questions challenge James in this special Nomad™ - Ask Me Almost Anything class recording.https://RealEstateFinancialPlanner.com/nomad-ask-me-almost-anything/

James tries to supplement and expand on the 2 masterworks of Brian (Asset Protection - 1 of 2 and Asset Protection 2 of 2) with this brand new class.Or, watch the video here:https://RealEstateFinancialPlanner.com/10-asset-protection-tips-for-real-estate-investors/

From the vault, James releases... for the first time to the podcast... Asset Protection 2 of 2 with Brian Williams.Listen to the podcast or watch the video here:https://RealEstateFinancialPlanner.com/asset-protection-in-practice-2-of-2-2017-edition/

From the vault, James releases... for the first time to the podcast... Asset Protection 1 of 2 with Brian Williams.Listen to the podcast or watch the video here:https://RealEstateFinancialPlanner.com/asset-protection-1-of-2-2017-edition/

Are you considering investing in real estate? What strategy are you considering? How does that compare to all your other options?Let's dive into the pros and cons of every real estate investing strategy… compared in this special one-time-only class taught by James Orr on February 10, 2021.Or, check out the video with the outline here:https://RealEstateFinancialPlanner.com/pros-and-cons-of-every-real-estate-investing-strategy-compared/

Keeping good books as a real estate investor is important. Making keeping good books easy is, apparently, Brian's gift. In this special masterpiece, Brian will go over how to get organized and use his magical bookkeeping spreadsheet to keep track of income and expenses on your rentals plus much more.https://realestatefinancialplanner.com/bookkeeping-and-accounting/

We're in another incredibly competitive market now and some clients are wondering how to strengthen their offers.So, I went to the Vault and pulled out an oldie by goodie... it is a class I did on how to make stronger offers that get accepted.Video is also available here:https://RealEstateFinancialPlanner.com/making-strong-offers-that-get-accepted/Not sure how long I will keep this up so enjoy it while you can.

How do you know what a property will rent for? Rent comps... that's how.Learn all about rent comps in this special class on how to find and interpret rent comp data.https://RealEstateFinancialPlanner.com/rent-comps/

To meet the safe harbor requirement for the qualified business income deduction as a landlord with rental property, you need to keep a contemporaneous log documenting the work you and your folks have done in your rental business.Learn all about it and download a free copy of the log:https://RealEstateFinancialPlanner.com/download-free-log-for-qualified-business-income-deduction-with-rental-property/

Imagine yourself in a hot tub and working through the math of you achieving financial independence. This class will help you more easily and more accurately model your journey toward financial independence.https://realestatefinancialplanner.com/over-simplified-financial-independence-with-real-estate/

Go deeper with your property management skills by learning how to deal with tenant challenges in this special class taught by Brian.https://realestatefinancialplanner.com/solving-tenant-challenges-2020-edition/Class was originally taught on March 18, 2020.

Brian teaches property management mastery in this 2018 classic on managing your rental properties.https://realestatefinancialplanner.com/property-management-mastery-2018-edition/This class was recording live on April 18, 2018.

Learn how to manage your own properties like a boss with Brian in this special property management class.Or, watch the video here:https://realestatefinancialplanner.com/how-to-manage-your-properties-like-a-boss/Originally taught on February 12, 2020.

Do you recall the class we did on Cash Flow versus Appreciation? Brian demonstrated that cash flowing rental properties requires less creativity and work than converting appreciation to financial independence.So, what do you do when you find yourself in a market like Northern Colorado where cash flow is hard to accomplish?You systematically optimize your cash flow to squeeze every last penny out that you can.And that's what this class is about... James will walk you through a workshop to improve cash flow on a rental property you purchased or are considering purchasing.https://realestatefinancialplanner.com/how-to-improve-cash-flow-workshop/

Should you go to college or skip it and invest in real estate instead?What if... after getting a college degree... you could earn $30,000 more than someone investing in real estate? And, what if you invested that full $30,000 more per year than the person who skipped college?Which gets you to financial independence faster? Safer?James (and Brian) tackle this question for the first time in this amazing new class.Listen to the episode on the podcast or check out the video and the related charts here:https://RealEstateFinancialPlanner.com/go-to-college-or-skip-it-to-invest-in-real-estate/

Don't ask me who thought it was a good idea to have me present a class on rental property tax deductions when I don't even do my own taxes (my CPA does), but that's what this is.In my defense, I did ask IRS Enrolled Agent, Jassen Bowman, to join me to help prevent me from making egregious mistakes.And, to make me even more nervous, my CPA was on the webinar to correct me from time to time.So, join me and Jassen to discuss some rental property tax deductions.Watch the video here:https://RealEstateFinancialPlanner.com/rental-property-tax-deductions/

In this real estate investor class from August 5, 2020, Brian shows you exactly how to analyze multi-family properties and more.Or, check out the video here:https://realestatefinancialplanner.com/analyzing-multi-family-properties/

In this special episode from March 3, 2019, James discussed how to select and get the best property manager to work for you.Or, check out the video here:https://realestatefinancialplanner.com/how-to-get-the-best-property-manager-to-work-for-you/

In this special class from February 19, 2020, Brian goes over how to manage your property manager.Watch the video version here:https://realestatefinancialplanner.com/managing-your-property-manager-2020-edition/

In this special class from March, 4, 2020 James goes over how to convert your owner-occupied property to a rental.Check out the video recording here:https://realestatefinancialplanner.com/converting-your-owner-occupant-property-to-a-rental/

In this special last class of 2020, James goes all-in and reveals the 9 nastiest Nomad™ mistakes.https://realestatefinancialplanner.com/9-nastiest-nomad-mistakes/

Real estate investing is risky. Learn how to reduce and mitigate risks while using the Nomad™ real estate investing strategy in this class.https://RealEstateFinancialPlanner.com/reducing-risk-while-nomading/

Since James was not feeling well to teach the Reducing Risk While Nomading™ class, he opted to post this Premium class to the podcast.James reserves the rights to pull it down at any time and return it to the Premium content section.https://realestatefinancialplanner.com/warning-the-dangers-and-risks-of-real-estate-investing-2016-edition/

Love the idea of Nomad™ but not willing to move each year? Check out the Nomad™ by Proxy real estate investing strategy to learn how to have someone else move in to properties on your behalf.

In this class, James goes to freaky-town analyzing how a variety of real estate investing strategies might perform in a sampling of random market corrections. Enjoy the amazingness!https://RealEstateFinancialPlanner.com/market-corrections/

To honor our Veterans, James dives deep into nothing down VA loans in this special real estate investor class.https://realestatefinancialplanner.com/va-loans/

Dive deep into what's happening in the Northern Colorado real estate market with this real estate market stats class by James.James covers stats through Q3 2020.https://realestatefinancialplanner.com/northern-colorado-market-stats-q3-2020/

Real Estate Investor Story about Peter from Denver evaluating the chance of successfully achieving financial independence with 5% down payments, 20% down payments or 25% down payments when in a variety of market conditions using the Cash Flow Power Meter™.

Real Estate Investor Story about Peter from Denver evaluating the impact of variable stock market returns, random price appreciation and random rent appreciation when investing with 20% down payments.

Real Estate Investor Story about Peter from Denver trying to evaluate whether he should save up 20% down payments, 25% down payments or do the Nomad™ real estate investing strategy and save up 5% down payments for acquiring rental properties.

Real Estate Investor Story about Anthony working in grocery store, saving his pennies for financial independence someday. He decides to invest in real estate in Hackensack, NJ with extremely high property taxes by Nomading™.

Learn about James' latest tool for visualizing cash flow on a property at a glance: The Cash Flow Power Meter™.https://realestatefinancialplanner.com/cash-flow-power-meter/

Real Estate Investor Story about professional salesman Sam who double down on his sales skills and uses them to achieve financial independence with creative real estate investing.

Real Estate Investor Story about plain Jane investing 15% of her income in the stock market as she seeks financial independence.

Real Estate Investor Story about "Bad Luck" Bobby who starts investing as a Nomad™ just at the peak of the real estate market as it begins to go against him.

Real Estate Investor Story about Andrea and how she plans to buy 8 rental properties with just 2 down payments utilizing the Nomad™ real estate investing strategy as a single mother after a stressful divorce.

Are you OK losing your Earnest Money? Or, do you want to keep it?In this podcast episode we get answers to the following questions:Are Earnest Money Deposits Refundable?Are Earnest Money Checks Cashed?Are Earnest Money Deposits Required?Is Earnest Money Part of Down Payment?Is Earnest Money Returned?Can Earnest Money Be a Gift?Can Earnest Money Be a Personal Check?Can Earnest Money Be Cash?Can Earnest Money Be Used for Closing Costs?Can Earnest Money Be Paid by Debit Card?Can Earnest Money Be Paid by Credit Card?What's Earnest Money?What's Earnest Money When Buying a House?How Much Earnest Money to Put Down?How Much Earnest Money Is Normal?How Much Earnest Money to Offer?When Is Earnest Money Forfeited?Who Gets Earnest Money When Buyer Backs Out?How Do Earnest Money Disputes Work?What About Earnest Money With Nothing Down Deals?What About Earnest Money With Off-Market Deals?Plus, much more…Or, check out the video here:https://realestatefinancialplanner.com/earnest-money/

Hear Brian and James answer questions about real estate investing live without a net in this special "Ask Me (Almost) Anything" class:https://realestatefinancialplanner.com/ask-me-almost-anything-2020-edition/

James released the brand new ROIQ+R™ as well as RIDQ+R™, ROEQ+R™ and related concepts.