Checklist Tags

These are the checklists related to Week 54.

These are the tasks for Week 54 of the Ultimate Nomad Checklist™.

When you click on the task, you can also see the tags that task is filed under. You can also click on the tag to see other tasks with that tag.

  1. Review my goals
  2. Review my "Future Narrative"
  3. Schedule on your calendar when you'll do this week's tasks from your Future Narrative
    You're much more likely to follow through on your goals if you plan out when you'll do the steps to achieve them.

    So, take a moment to schedule out on your calendar when you'll actually do the tasks for this week on your calendar. Make an appointment with yourself to do them. If you need to reschedule one, reschedule it (don't delete it).

    ASAPFirst Meeting: Your Real Estate GoalsUltimate Nomad ChecklistWeek 1Week 10Week 11Week 12Week 13Week 14Week 15Week 16Week 17Week 18Week 19Week 2Week 20Week 21Week 22Week 23Week 24Week 25Week 26Week 27Week 28Week 29Week 3Week 30Week 31Week 32Week 33Week 34Week 35Week 36Week 37Week 38Week 39Week 4Week 40Week 41Week 42Week 43Week 44Week 45Week 46Week 47Week 48Week 49Week 5Week 50Week 51Week 52Week 53Week 54Week 6Week 7Week 8Week 9

  4. Apply for loan with Lender
    Make an application to get qualified for a loan with the Lender you've decided you're going to use.

    Some people will opt to get quotes from multiple lenders. If you're going to do this, compare everyone on the same day so the rate is the same.

    Also, have the Lender you think is most likely to be the one you'll go with pull your credit and then tell the other Lenders you're comparing what your credit score is. If you decide to go with them, you'll let them pull your credit then.

    Your ultimate goal at this point is to get a pre-approval letter for the max amount you qualify for.

    If you need a recommendation for a Lender ask your Real Estate Broker.

    Mark this task complete once you've applied for a loan and been approved with the Lender you plan to use.

    ASAPFinancingPre-Showings: Qualify with LenderUltimate Nomad ChecklistWeek 2Week 54

  5. Understand what documents your Lender will need
    Understand what documents your lender will ultimately need to do your loan and start gathering and preparing those documents.

    ASAPFinancingPre-Showings: Qualify with LenderUltimate Nomad ChecklistWeek 2Week 54

  6. Find out what interest rate and down payment amount you'll likely get
    Find out what interest rate and what down payment amount you'll likely get when you get your loan.

    You'll want to use this when you start to analyze properties using Brian's Spreadsheet.

    ASAPFinancingPre-Showings: Qualify with LenderUltimate Nomad ChecklistWeek 2Week 54

  7. IF OWNER OCCUPANT: Find out your estimated monthly payments
    If you're going to owner occupy the property especially, find what your estimated monthly payment will be for both your max loan that you can qualify for and the price you're comfortable with that you'll likely be buying at.

    ASAPFinancingPre-Showings: Qualify with LenderUltimate Nomad ChecklistWeek 2Week 54

  8. Send copy of "Contract to Buy and Sell Real Estate" to your Lender
    As soon as your "Contract to Buy and Sell Real Estate" is accepted, make sure your Lender has a copy so they can complete your application and start working on getting your financing approved and through under-writing.

    ASAPFinancingUltimate Nomad ChecklistWeek 2Week 54

  9. Get max "Lender Letter"
    Get Pre-Approval letter from Lender for the max you can afford. We will only use this if you're unable to reach your Lender and you want to submit an offer right away. Otherwise, we will ask your Lender for an updated "Lender Letter" for the exact Purchase Price.

    Having a "Lender Letter" helps you get your offer accepted.

    ASAPFinancingPre-Showings: Pre-approval LetterUltimate Nomad ChecklistWeek 2Week 54

  10. Save max "Lender Letter" to your Dropbox
    Save a copy of your max "Lender Letter" to your Dropbox using the file format:

    "YYYY-MM-DD - FULL NAME - Max Lender Pre-Approval Letter.pdf"

    ASAPFinancingPre-Showings: Pre-approval LetterUltimate Nomad ChecklistWeek 2Week 54

  11. Send max "Lender Letter" to Real Estate Broker
    Send a copy of your max "Lender Letter" to your Real Estate Broker.

    ASAPFinancingPre-Showings: Pre-approval LetterUltimate Nomad ChecklistWeek 2Week 54

  12. Determine your Accountant
    Determine who you will as your accountant to help you with financial planning and completing your taxes.

    Ask your Real Estate Broker for a recommendation.

    Mark this task complete once you've determined who you'll use as your Accountant.

    AccountingBookkeepingBookkeeping and Accounting for NomadsDream TeamDream Team - Pre-ClosingPre-Showings: Mock ContractUltimate Nomad ChecklistWeek 2Week 54

  13. If you have not done so already, apply for loan with Lender
    Make an application to get qualified for a loan with the Lender you've decided you're going to use.

    Some people will opt to get quotes from multiple lenders. If you're going to do this, compare everyone on the same day so the rate is the same.

    Also, have the Lender you think is most likely to be the one you'll go with pull your credit and then tell the other Lenders you're comparing what your credit score is. If you decide to go with them, you'll let them pull your credit then.

    If you need a recommendation for a Lender ask your Real Estate Broker.

    Mark this task complete once you've applied for a loan and been approved with the Lender you plan to use.

    ASAPContract Deadline: Loan Application DeadlineFinancingUltimate Nomad ChecklistWeek 2Week 54

  14. If you haven't done so alreayd, send copy of "Contract to Buy and Sell Real Estate" to your Lender
    As soon as your "Contract to Buy and Sell Real Estate" is accepted, make sure your Lender has a copy so they can complete your application and start working on getting your financing approved and through under-writing.

    ASAPContract Deadline: Loan Application DeadlineFinancingUltimate Nomad ChecklistWeek 2Week 54

  15. Determine your Contract and Paperwork Attorney for Post-Closing Paperwork
    If you're going to have your Lease (or any other paperwork you might sign) reviewed by an Attorney before you use it, you may want to determine who that attorney will be.

    This attorney will also probably review your Contract to Buy and Sell Real Estate.

    Ask your Real Estate Broker for a recommendation.

    Mark this task as complete once you've decided which Contract and Paperwork Attorney you will use to help review your legal documents or if you're qualified to review them yourself.

    Asset ProtectionDream TeamDream Team - Post-ClosingLeasePaperworkUltimate Nomad ChecklistWeek 54

  16. Partnership IF LLC: Create meeting minutes for annual meeting
    If you're operating your partnership as an LLC, create meeting minutes for your annual meeting with your partners.

    Mark this task complete when done creating your meeting minutes.

    Maintain Your LLCPartnershipsUltimate Nomad ChecklistWeek 54

  17. File "Periodic Report" with Secretary of State yearly
    Once a year you must complete a "Periodic Report" with the Secretary of State.

    If you subscribed your email to the Secretary of State for your LLC's record, you should receive an email notice. Otherwise, you should receive a postcard.

    As soon as you receive it, just do it. It takes 2 minutes if you do it right away.

    If you delay, not only could you invalidate your asset protection plan, but there are late fees from the Secretary of State.

    Maintain Your LLCUltimate Nomad ChecklistWeek 54

  18. Write script for Tenant or Tenant-Buyer call
    Write out what questions you're going to ask when Tenants or Tenant-Buyers are calling in on your marketing.

    Mark this task complete when you've got a written script of questions.

    Prepare to be a LandlordScriptsTenant ScreeningTenant-BuyersTenantsUltimate Nomad ChecklistWeek 54

  19. Determine your Tenant-Buyer Evaluation Criteria
    Determine and write out the criteria that you'll use to evaluate a Tenant-Buyer.

    Mark this task as complete when you have written evaluation criteria to be in compliance with Fair Housing Laws.

    ASAPLeaseLease-OptionPaperworkPrepare to be a LandlordTenant ScreeningUltimate Nomad ChecklistWeek 54

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