Podcast

Ep 5: Andrea Pays Off Properties Early with Cash Flow

Pro Tip: Listen to the podcast below and while you’re listening follow along with the charts below. Then, when you’re done, copy the  Scenario to your own Real Estate Financial Planner™ account to change any of the assumptions. In Episode 5,  Andrea asks herself a common question: should I pay off my properties early with extra cash flow? Plus these related questions: Will paying off properties early lead to achieving financial independence earlier? Will it increase or decrease my net worth? Will that increase or decrease my risk? Will it give me a higher or lower standard of living in … Read more

Ep 4: Andrea Hires Professional Property Manager

Pro Tip: Listen to the podcast below and while you’re listening follow along with the charts below. Then, when you’re done, copy the  Scenario to your own Real Estate Financial Planner™ account to change any of the assumptions. Welcome to the Real Estate Financial Planner™ Podcast. I am your host, James Orr. This is Episode 4. Today we’re going to continue with Andrea’s story. Previously, we had 40-year-old Andrea utilizing the Nomad™ real estate investing strategy acquiring 8 rental properties starting with $100,000 that she got in her divorce. Ultimately, she would end up with 9 properties… 8 rentals and … Read more

Ep 3: Andrea Invests in Stocks Instead of Nomading™

Pro Tip: Listen to the podcast below and while you’re listening follow along with the charts below. Then, when you’re done, copy the  Scenario to your own Real Estate Financial Planner™ account to change any of the assumptions. Welcome to the Real Estate Financial Planner™ Podcast. I am your host, James Orr. This is Episode 3. Today we’re going to continue with Andrea’s story. Previously, in episodes 1 and 2, Andrea had opted to utilize the Nomad™ real estate investing strategy…. and, she’ll be returning to that in episodes 4 and 5. But, for this episode, she went to meet … Read more

Ep 2: Andrea Gets $100 Per Month More In Rent

Pro Tip: Listen to the podcast below and while you’re listening follow along with the charts below. Then, when you’re done, copy the  Scenario to your own Real Estate Financial Planner™ account to change any of the assumptions. Welcome to the Real Estate Financial Planner™ podcast. I am your host, James Orr. This is Episode 2. Today we’re going to continue with Andrea’s story. Previously, in Episode 1, Andrea was using the Nomad™ strategy and buying properties that had about break-even cash flow at the time she was buying them. She has no experience investing in real estate or as … Read more

Ep 1: Andrea Buys 8 Rentals with Down Payments for 2

Pro Tip: Listen to the podcast below and while you’re listening follow along with the charts below. Then, when you’re done, copy the  Scenario to your own Real Estate Financial Planner™ account to change any of the assumptions. Welcome to the Real Estate Financial Planner™ Podcast. I am your host, James Orr. This is Episode 1. Today we’re going to meet Andrea: a 40-year-old, recently divorced, single mom of two young boys (ages 2 and 4). Andrea graduated from Arizona State University with a degree in accounting. After a few poor fits, she finally settled into a good job working … Read more

Andrea

 Andrea is a  Character in the Real Estate Financial Planner™ Podcast. Andrea’s Past 40 years old Has her accounting degree from Arizona State University Works in accounting for a small manufacturing business Earns about $4,000 per month ($48,000 per year) and that keeps pace with inflation Divorced, single mom with 2 small boys (age 2 and 4) Has $100K saved up including some of the joint proceeds from the sale of a previous home Money is going to be tight supporting her and two kids on just her salary so not a lot to save Wants to be able to … Read more

Variations

The following are variations to the baseline  Scenarios of  Characters in the Real Estate Financial Planner™ Podcast. Baseline Scenarios – The baseline scenario sets the story for what the  Character in the podcast is planning to do. It gives you all the background on the  Character, their situation and their original plan. Here are some baselines: Variations are just that—variations to the baseline plan. By comparing the original baseline  Scenario to a variation, they help answer questions like: Should I sell my rental property? Should I refinance my rental? Should I do a rate and term refinance or cash out … Read more

Fears

The following are  Fears held by the  Characters in the Real Estate Financial Planner™ podcast.

Characters

The following are  Characters in the Real Estate Financial Planner™ podcast. Andrea  Andrea – 40-year old, recently divorced with 2 young kids, accountant. Earns $48,000 per year. Decides to Nomad™ while focusing on raising her kids. Norm and Norma  Norm and Norma – Both 21 years old, married to each other, work in the technology department of a large healthcare business. Have $10,000 in savings, earn $72,000 per year between the two of them, save $1,000 per month. Obsessed about finding the optimal path to financial independence with a reasonable amount of work and risk.