The Ultimate Guide to the Types of Real Estate Investors

Are you considering investing in real estate but aren’t sure which type of investor you should be? Knowing the different types of real estate investors can help you make an educated decision. In this blog post, you’ll learn about the different types of real estate investors, their strategies, the pros and cons of each type, and more. Read on to learn all about the types of real estate investors and how to choose the best one for your goals. You could group these investor types in a variety of ways, but I’ve broken them out below into strategies (listed alphabetically): … Read more

What Does Financially Independent Mean?

Wikipedia defines financial independence as: Financial independence is the status of having enough income or wealth sufficient to pay one’s living expenses for the rest of one’s life without having to be employed or dependent on others. But, what does that mean more mathematically? And, practically? And, specifically, how does that look different for real estate investors than investors in more traditional stocks, bonds and other asset classes? How I Define Financial Independence My definition of financial independence is a little different. I define it as when the following 3 major sources exceed your personal expenses: 1. Passive Income I … Read more

Why You Still Might Want to Invest in Real Estate Despite High Prices, High Interest Rates, and Lagging Rents

Despite high real estate prices, high interest rates, and lagging rents, real estate investment may still be a viable option due to the potential to build up an asset and convert to free and clear properties, as well as other strategies to improve cash flow. This class was taught live by James Orr on January 5, 2023. In this class James discusses: Why the First $100K Is The Hardest Return Quadrants™ and how that can help you achieve your first $100K and first million Some real estate financial modeling

The Ultimate Guide to Vacancy on Rental Properties

If you’re looking to learn more about vacancy on rental properties, then check out our Ultimate Guide to Vacancy on Rental Properties. Vacancy is the money lost from Gross Potential Income due to the property being unoccupied or in non-payment from the current tenants. It is important to estimate vacancy when analyzing deals you’re considering buying. It is one of the primary inputs on The World’s Greatest Real Estate Deal Analysis Spreadsheets™ for you to enter when you start your deal analysis. You can download the spreadsheet for free. Vacancy is a combination of skill of management and price you’re … Read more

The Ultimate Guide to Property Insurance on Rental Properties

If you’re looking to learn more about property insurance on rental properties, then check out our Ultimate Guide to Property Insurance on Rental Properties. Property Insurance is the insurance you pay to mitigate some losses on your rental properties usually from things like fire and certain limited personal liabilities that happen at the property. It is important to estimate property insurance when analyzing deals you’re considering buying. It is one of the primary inputs on The World’s Greatest Real Estate Deal Analysis Spreadsheets™ for you to enter when you start your deal analysis. You can download the spreadsheet for free. … Read more

The Ultimate Guide to Property Taxes on Rental Properties

If you’re looking to learn more about property taxes on rental properties, then check out our Ultimate Guide to Property Taxes on Rental Properties. Property taxes are taxes paid—usually to the county, city and/or metropolitan districts—on rental properties. It is important to estimate property taxes when analyzing deals you’re considering buying. It is one of the primary inputs on The World’s Greatest Real Estate Deal Analysis Spreadsheets™ for you to enter when you start your deal analysis. You can download the spreadsheet for free. You typically get the estimated property tax value from your real estate agent, the MLS sheet … Read more

The Ultimate Guide to Purchase Price on Rental Properties

If you’re looking to learn more about the purchase price on rental properties, then check out our Ultimate Guide to Purchase Price on Rental Properties. Purchase price is the price you pay to buy a rental property. Purchase Price to Improve Cash Flow While the following video is not exclusively purchase price on rental properties, it does discuss some ideas related to purchase price and how it can impact improving cash flow. In general, the lower your purchase price typically the better cash flow will be for a set amount of rent and other income on the property. A general … Read more