Maximizing cash flow is about two things: minimizing expenses and maximizing income. In this class, we will focus on the Lowest Monthly Payment Checklist™ and strategies to get the lowest monthly payment when buying investment properties.
In this class you'll learn:
- See Cash Flow Explosion and other classes on maximizing income to see the complementary classes on improving cash flow
- Introducing the Lowest Monthly Payment Checklist™
- Minimizing monthly payments with your lender
- Why and how to discuss these strategies early with your lender (well before you need them)
- Reducing your monthly payment by manipulating your down payment
- Reducing your monthly payment through your interest rate
- Using seller-paid closing costs to your peak advantage
- The oft over-looked power of interest rate buy-downs
- Twisting the reality of your monthly payments to your will with loan-terms
- The hideous risk and sweet reward of adjustable rate mortgages
- Changing all the rules with owner financing
- Skipping out on principle and focusing in on interest-only loans
- The pros and cons of negatively amortizing loans
- Improving your cash flow with improved credit scores
- Making automatic payments to get better monthly payments
- Client perks and the sometimes hidden benefits of being a client already
- Locking and floating down interest rates to reduce monthly payments
- The power of friends and family and how a little help can go a long way toward better monthly payments
- Getting rid of the "dead weight" and how that can improve your monthly payments
- Howdy partner... and how using partners can often lead to better monthly payments
- Evil lender fees and how to minimize them to improve your monthly payment
- Strategies to minimize monthly payments if you own other property
- The ol' swap-a-roo and how to use another property to finance your current property instead
- The why and math behind cash out refinancing down payments for acquiring this property and minimizing monthly payments on both
- Rate and term now baby... optimizing cash flow before you block yourself from optimizing later
- Minimizing monthly payments while searching for homes
- The search for seller concessions
- The search for less expensive properties
- The optimal price for rentals
- Minimizing monthly payments when making offers to acquire properties
- The not-so-subtle art of offering less
- Asking for (and receiving) seller concessions
- Assuming better loans than you can get right now yourself
- Wrapping the financing to capture better terms than you can get yourself
- Helping sellers who might have given up on themselves
- Plus much, much more...
Duration: 1 hour and 45 minutes
Recorded: August 12, 2020
Instructor: James Orr
