The Ultimate Guide to Nomad™ Investing

If you’re interested in learning about the best real estate investing strategy ever invented, then you’ve come to the right place. Learn more about the Nomad™ investing strategy, and explore all its benefits with the Real Estate Financial Planner™ today!

How Does Nomad™ Investing Work?

chart representing Nomad™ circular investment strategy

  1. Buy a property as an owner-occupant
  2. Move in and 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
  5. Repeat!

Of course, there are lots of variations and details. Here, we’ll go into the details and help you understand the significant benefits and the annoying – but manageable – downsides of the plan.

Nomad™ 101

Why should you choose to be a Nomad™? Who should be a Nomad™? What are the pros and cons? Dive into our Nomad™ 101 class with James today to learn more.

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

House Hacking versus Nomad™

What is “house hacking”? How does it compare to Nomad™, and why would you choose one over the other? Get insight into these overlapping real estate investment strategies in this two-hour class.

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

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 one or watch part two of this three-part series on using Nomad™ to buy 10 rentals.

In the video, I mention that 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

Sample, Unnamed Scenario with 0  Accounts, 0 Properties, 0 Rules, 0 Goals

See what happens when you combine Nomad and House Hacking strategies in part three of the series about buying 10 rental properties.

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

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

Sample, Unnamed Scenario with 0  Accounts, 0 Properties, 0 Rules, 0 Goals

Nomad™ Books

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

Nomad™

The original Nomad™ book goes over the five 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 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.

How to Acquire a Multi-Milli­on Dollar Real Estate Portfolio Starting With Just $3,000

In this book, I walk you through how to use a variation of the Nomad™ strategy 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.

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

This checklist is the 440-page printed version of the checklists for Nomads buying properties. I gave this book away as a Christmas gift to my local investor clients in 2017.

How to Achieve Financial Independence and Live Your Passion Regardless of Age or Income

Last but not least: the 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

Want to learn more? We have plenty of resources for you to explore.

Getting Started with Real Estate Investing Resources

I consider the Nomad™ strategy a beginner strategy because anyone can use it. Here are a few other resources to help you get started:

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