Nomad™ 101 – 2016 Edition

In this one hour and 30 minute class, James walks through his preliminary thoughts on the Nomad™ investing strategy for the first time.

Class Outline

These are the questions answered on the video recording above.

Nomad Basics

  • Did you invent Nomad? How did it come about?
  • Do you have to move in?
  • What are the different Nomad types?
  • Does it work in all cities?
  • Do I need to buy properties at a discount?
  • What is the end goal of Nomad?
  • Do I have to do 10 properties?
  • Where do you get down payment from?
  • I’m overweight, under-employed and not funny, can Nomad help?

Financing Nomad

  • Can you do Nomad with nothing down?
  • What loans do you recommend and in what order do you recommend them for Nomad?
  • If I have more than 5% down, should I put more down?
  • What if I can’t get a loan?
  • What if interest rates go up?

Cash Flow

  • Will I have positive cash flow?
  • How can I improve cash flow?
  • Will this work in cities where I’d have negative cash flow?
  • What if I need cash flow now?
  • Can you speed up getting better cash flow?
  • Are you speculating the rents will increase?


  • Isn’t the entire Nomad model just speculating on appreciation?
  • What do you assume for appreciation when you model Nomad?
  • Is appreciation inflation?
  • What if property values go down?


  • How do I get equity in the Nomad properties?
  • What do you do with the equity in your properties?
  • Do property values or rents need to go up to get equity from Nomad?

Tax Benefits and Depreciation

  • Do you get tax benefits from doing Nomad?
  • How much is the Depreciation benefit?
  • Why do you say the cash flow from Depreciation?


  • Do you recommend selling Nomad properties?
  • Do you do a class on selling?
  • Do you recommend using an agent to sell them?
  • Why might you want to sell your properties (and replace them with new ones)?


  • How do you know what rent to charge?
  • Do you have a lease I can use?
  • How do you screen tenants?
  • What if I can’t get enough rent to support the property?
  • How early do you recommend I start looking for tenants?
  • Do you recommend doing lease options (rent to owns)?
  • Can I use the income from one property to qualify for future purchases?

Asset Protection

  • Should I consult with an attorney?
  • Should I worry about asset protection with Nomad?
  • What do you recommend for asset protection for Nomad?
  • Do you have the paperwork?

Nomad Calculator

  • What is the Nomad Calculator and what does it do?
  • How do I access it?
  • What assumptions should I use for the calculator?
  • What do you have planned for the new calculator?

Nomad Investor Clubs

  • What are the Nomad Investor Clubs?
  • What is your vision for the clubs?
  • How often are classes and meetups?
  • How long does it take you to prepare a presentation?

For more insight and updates, check out other recordings of this class:

To see other Nomad™ Classes, consider these other recordings:

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