Strategies to Get the Lowest Monthly Payment When Buying – 2020 Edition

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