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
