Finding Amazing Real Estate Investor Deals

Selecting the right property is critical to your success as a buy-and-hold real estate investor, Nomad™ or house hacker. That's why you need to know how to find amazing real estate investor deals.

In this class you'll learn:

  • What are the characteristics that are important when finding deals?
  • Focusing on detached properties or are condos and townhomes the way to go?
  • Single family homes, duplexes, triplexes, fourplexes or is it worth taking on the additional risks associated with commercial financing for 5+ units?
  • Age and effective age and why it is important to consider these factors or pay the price later
  • Beds, baths and square footage and their considerations
  • Styles of properties
  • The counter-intuitive conclusion about lot size
  • Being deliberate when contemplating location, location, location and balancing that with cash-on-cash ROI
  • A discussion of the ideal types of properties according to The Millionaire Real Estate Investor book by Gary Keller et al
  • The sweet spot for price and why
  • HOAs and the proper way to consider the value you get and don't get from HOAs
  • Rents and income generated from properties
  • The historical gold-standard metric for analyzing income properties: cash-on-cash return on investment
  • Financing properties and related considerations
  • Crap at a great price or quality at a reasonable price - an eternal debate finally put to bed
  • A discussion for Nomads™ - trading luxuries for ROI
  • Shopping for amazing deals inside and outside the multiple listing service (MLS): pros and cons of each
  • MLS search keywords for uncovering hidden deals
  • Finding motivated sellers you can help and create amazing win-win deals
  • Letting the price drop and scooping up amazing deals
  • Scooping up properties listed in the days of Moses and why these may or may not be amazing deals for you
  • Searching for unicorns in city parks and what to do when you find them
  • Amazing deals because of the financing... and how to find them
  • Searching for properties based on cash-on-cash return on investment
  • Swinging hammers and finding fixer upper deals that you can capture sweat-equity with
  • Dirty data and a warning about fishing in tainted watering-holes
  • Going to the source to find the deals at the springhead
  • Market cycles and catching market waves of appreciation and cash flow
  • The specialty deals typically found outside the MLS
  • Plus much more

Duration: 1 hour and 59 minutes
Recorded: October 26, 2017
Instructor: James Orr