The Real Estate Financial Planner™ Blog

Welcome to the thrilling world of Real Estate Financial Planning! If you’re on the hunt for savvy investment strategies, transformative financial insights, and the ultimate guide to building wealth through real estate, you’ve just hit the jackpot. Whether you’re a seasoned investor or just dipping your toes into the vast ocean of real estate opportunities, our blog is your new go-to resource.

Why real estate, you ask? Simple. It’s one of the most powerful vehicles for generating long-term wealth and achieving financial freedom. And who doesn’t dream of that? But here’s the kicker: navigating this world can be as complex as it is rewarding. That’s where we come in. Our content is designed not only to enlighten you but also to inspire action and drive results.

Imagine unlocking the secrets to acquiring lucrative rental properties that pay for themselves and then some. Picture yourself living off passive income, where your investments work for you, not the other way around. It’s not just a dream; it’s a very achievable reality, and we’re here to show you how.

From deep dives into market analysis, investment strategies, and financial planning, to actionable tips on property management and scaling your portfolio, our blog covers it all. We believe in cutting through the noise to bring you straightforward, actionable advice that makes a difference.

But it’s not just about the “what” and the “how”; it’s also about the “who.” Meet James, a former real estate broker turned investment guru, who lives and breathes real estate. James has walked the walk, transforming his passion for real estate into a thriving portfolio of income-generating properties. Now, he’s here to share his wealth of knowledge, experiences, and insights with you.

Our mission is simple: to empower you with the knowledge and tools you need to make informed decisions, maximize your returns, and build a financial legacy through real estate. We’re here to guide you every step of the way, from your first investment property to your hundredth.

So, are you ready to embark on this exciting journey with us? Let’s dive in and explore the endless possibilities that real estate investing has to offer. Together, we’ll unlock the door to financial freedom and success. Welcome to the Real Estate Financial Planning blog, where your financial dreams are just a blog post away. Let the adventure begin!

Nomad™ – Ask Me Almost Anything

Let’s ask James the hardest questions yet about the Nomad™ real estate investing strategy in this special edition of Nomad™ – Ask Me Almost Anything. Recorded on February 24, 2021. What Is Nomad™? We started by covering what Nomad™ is: Questions Answered First, multi-part question: “I’m really excited to begin my nomad journey! I’m in a unique position. My non real estate day job income won’t allow me to realize the immediate tax benefits of investment properties (until I sell, of course).” “When I run the numbers to convert my NOCO townhome, the numbers look horrible. With a property manager … Read more

Return Quadrants™

If you think about the 4 areas of return you get from owning a rental property they are: Appreciation – The tendency for property values to increase over time. Cash Flow – The net proceeds you get from collecting rent on a property after all expenses. Debt Paydown – The amount of the loan that is paid down each year (presumably—albeit indirectly—by your tenants) when you make your mortgage payments. Depreciation – The tax benefits you receive by statute from owning rental properties. As I was teaching real estate investing classes, I would methodically go through each of these 4 … Read more

Pros and Cons of Every Real Estate Investing Strategy Compared

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 on February 10, 2021. Before I share with you the outline of the class, I want to mention that I could have opted to do either a qualitative comparison or a quantitative comparison of each strategy. I ultimately chose to do a qualitative comparison for this class. Perhaps I’ll do a quantitative class in the future. Real … Read more

The Ultimate Guide to Rent Comps

How do you know what a property will rent for? Rent comps… that’s how. Find out how to determine rent comps and interpret them to determine what a property is likely to rent for in this special one-time-only class taught by James on February 3, 2021. Below you’ll find an outline of what was taught in the class. But, first… Warning I don’t do my own property management I do not typically do my own rent comps… I typically call my property manager Rent is not an exact number and determining fair market rent is NOT an exact science We … Read more

Download Log for Qualified Business Income Deduction with Rental Property

Do you want the Qualified Business Income Deduction with Rental Property for Landlords, then you need to keep a detailed contemporaneous log (that means document it as you do it) documenting the qualified 250 hours you put it managing your properties. In this brief, one-time-only class taught by James and Jassen on January 29, 2021 they discuss what the tax deduction is and what you need to do to be able to get it. According to the IRS: “The taxpayer maintains contemporaneous records, including time reports, logs, or similar documents, regarding the following: (i) hours of all services performed; (ii) … Read more

Go to College or Skip It to Invest in Real Estate

College or real estate investing? That’s a great question. What if you earn $30,000 more per year after you get your degree than the person who doesn’t go to college and you decide to invest the full $30,000 per year extra? We tackle the age-old question: Go to College or Skip It to Invest in Real Estate in this special class by James. This class was taught on January 13, 2021 via webinar. Tammy had sent over an article, Is This The End of College As We Know It, and James decided to do some math to see if the … Read more

Rental Property Tax Deductions

I’m not sure how a guy who doesn’t even do his own taxes ended up presenting an entire class on rental property tax deductions, but that’s exactly what happened. This class was taught on January 6, 2021 by James and IRS Enrolled Agent, Jassen Bowman via webinar. Here are the rental property tax deductions covered: Above the line versus below the line and a discussion of standard deduction versus itemizing your deductions The tax free sale of a primary residence including how this often confusing for new Nomads™, the 2 out of 5 year rule and more. House hacking and … Read more

Reducing Risk While Nomading™

Real estate investing is risky. Learn how to reduce your risk in this special class for Nomads™ on how to reduce risk taught by James: This class was taught on December 9, 2020 via webinar. Here’s what I taught in the class. What Is Nomad™ Since this class is about the Nomad™ investing strategy, I took a moment to go over what Nomad is: Next, I share a quote from general George S Patton on fear and acting through fear. “The time to take counsel of your fears is before you make an important battle decision. That’s the time to … Read more

Nomad™ by Proxy

Love the idea of Nomad™ but don’t want to move every year? Learn how to have someone else move on your behalf with this special 1 hour 37 minute class on Nomad™ by Proxy taught by James: This class was taught on December 2, 2020 via webinar. What is Nomad™ by Proxy? Nomad™ by Proxy is having someone else move on your behalf when Nomading™. Instead of you having to move every year, you have someone else move and owner-occupy the property. Typical Examples of Nomad™ by Proxy Here are three of what I consider to be the most common … Read more

The Ultimate Guide to Market Corrections

Watch the entire 1 hour 57 minute class that James taught on market corrections here: This class was taught on November 18, 2020 via webinar with Brian Williams. This class picks up where my class on Should I Wait for a Real Estate Dip to Invest in Real Estate? leaves off. In the “market dip” class, I talked about: The obvious idea that: if you buy at relative lows, you perform better Historically, recessions are not necessarily real estate market corrections Predicting the future: technical analysis versus fundamental analysis The smartest investors all say: timing the market is incredibly difficult, … Read more