The Ultimate Guide to Nomad™

If you’re interested in learning about the best real estate investing strategy ever invented, the Nomad™ investing strategy, then you’ve found the right place.

Nomad™
Nomad™

In its most basic form the Nomad™ investing strategy has you:

  1. buy a property as an owner-occupant
  2. move-in, live there for at least a year (to satisfy the lender occupancy requirement)
  3. buy a new owner-occupant property and move into the new property
  4. convert the previous property to a rental and
  5. repeat the process until you have as many rentals as you desire

Of course, there are lots of variations and details. That’s what this page is for. To go into the details and help you understand the significant benefits and the annoying, but manageable downsides of the plan.

Class Recording:
Nomad™ 101

The most recent recording of my Nomad™ 101 class. This one I taught on June 19, 2019.

And this is an older version of the same class that I taught on February 17, 2019.

Class Recording:
House Hacking versus Nomad™

If you’d like to learn about the difference between House Hacking and the Nomad™ strategy then you should watch a special class I taught that goes over the differences between the two. Recorded live on June 26, 2019:

The first time I ever taught the House Hacking versus Nomad™ class was on September 6, 2017. Here’s the recording:

Class Recording:
Nomad™ When Acquiring a 10 Property Portfolio

If you’d like to see how using the Nomad™ strategy would work while acquiring 10 rental properties, check out part 2 of this 3 part series (or check out part 1) on using Nomad™ to buy 10 rentals.

In the video I mention you can copy the Scenario to your own Real Estate Financial Planner™ software account. Use the button below to add it to your account and then modify the assumptions to see how it changes for your specific, personal situation.

Please Login to copy this Scenario to a Free Plan, Plus Plan, Copper Plan or better.

Copy Scenario into my Real Estate Financial Planner™ Software

10 5% DP Nomad Properties with 2 Accounts, 1 Property, 2 Rules, 1 Goal

Or, see what happens when you mix Nomad™ and House Hacking together in part 3 of the same 3 part series where I buy 10 rental properties.

Use the following button to copy this Nomad™ and house hacking to your own Real Estate Financial Planner™ software account.

Please Login to copy this Scenario to a Plus Plan, Copper Plan or better.

Copy Scenario into my Real Estate Financial Planner™ Software

10 5% DP Nomad Properties House Hacking with 2 Roommates with 2 Accounts, 1 Property, 3 Rules, 1 Goal

Nomad Books

I’ve written several books on the Nomad™ investing strategy.

The original Nomad™ book is a book that goes over the 5 different types of Nomads™. It is the book I often give away as a free gift when people attend our local real estate investor meetings for the first time. If you happen to be in Northern Colorado, you can RSVP and attend a local investor meeting of the Northern Colorado Real Estate Investor Group to get a copy.

The “$3K” book or How to Acquire a Multi-Milli­on Dollar Real Estate Portfolio Starting with Just $3,000 where I walk you through how to use a variation of Nomad™ with lease-options to all but eliminate your need for down payments. I consider this an aggressive strategy. I gave this book away as a Christmas gift to my local investor clients in 2016, I think.

The “$5K” book or How to Acquire a Multi-Milli­on Dollar Real Estate Portfolio Earning Just $5,000 Per Month. In this book, I walk you through doing the entire Nomad™ strategy with you and your spouse earning a combined $5,000 per month (that’s $15 per hour working 40 hours a week or $10 per hour working 60 hours per week). This is a very basic Nomad™ strategy and what I would consider an easy-to-implement strategy.

The Ultimate Nomad™ Checklist was the 440-page printed version of the checklists for Nomads™ buying properties. I have on my list to move these checklists to the Real Estate Financial Planner™ website eventually. For now, they are in limbo. I gave this book away as a Christmas gift to my local investor clients in 2017.

And finally, but probably the best of the bunch, the How to Achieve Financial Independence and Live Your Passion Regardless of Age or Income book I wrote for my then 21-year-old son. This book is amazing and it is not just me saying so. It is unlike any book you’ve ever read before. You can download a full, unabridged version of this 240-page page-turner by using the link above.

Nomad™ Resources

Since this is the primary source for information about the Nomad™ investing strategy, we have quite a few resources about it. Check out a few of them using the links below.

Getting Started with Real Estate Investing Resources

I consider the Nomad™ strategy a beginner strategy because anyone can use it. Here are some of the other “getting started with real estate investing” resources:

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