Buy Short-Term Rentals

Ep 18: The Impact of More Reserves when Nomading™

Pro Tip: Listen to the podcast below and while you’re listening follow along with the charts below. Then, when you’re done, copy the  Scenario to your own Real Estate Financial Planner™ account to change any of the assumptions. Welcome to the Real Estate Financial Planner™ Podcast. I am your host, James Orr. This is Episode 18. Today we’re going to take a small tangent with  Norm and Norma’s story. In the last episode,  Norm and Norma utilized a combination of the Nomad™ strategy and short-term rentals. In it I mentioned that we modeled it with minimal reserves. Specifically, to “qualify” … Read more

Ep 17: Norm and Norma Buy 10 Nomad™ into Short-Term Rental Properties

Pro Tip: Listen to the podcast below and while you’re listening follow along with the charts below. Then, when you’re done, copy the  Scenario to your own Real Estate Financial Planner™ account to change any of the assumptions. Welcome to the Real Estate Financial Planner™ Podcast. I am your host, James Orr. This is Episode 17. Today we’re going to continue with  Norm and Norma’s story. Way back in Episode 12,  Norm and Norma considered saving up 15%, 20% or 25% down payments and buying short-term rentals. They figured that the extra income they could earn by doing the relatively … Read more

Ep 13: Norm and Norma Buy an Owner-Occupant Property Then 10 Short-Term Rentals

Pro Tip: Listen to the podcast below and while you’re listening follow along with the charts below. Then, when you’re done, copy the  Scenario to your own Real Estate Financial Planner™ account to change any of the assumptions. Welcome to the Real Estate Financial Planner™ Podcast. I am your host, James Orr. This is Episode 13. Today we’re going to continue with  Norm and Norma’s story and specifically we’re going to look at the impact that buying an owner-occupant property to live in will have when they’re otherwise buying short-term rentals. Temporarily Reduced Savings Rate as a Homeowner  Norm and … Read more

Ep 12: Norm and Norma Buy 10 Short-Term Rentals

Pro Tip: Listen to the podcast below and while you’re listening follow along with the charts below. Then, when you’re done, copy the  Scenario to your own Real Estate Financial Planner™ account to change any of the assumptions. Welcome to the Real Estate Financial Planner™ Podcast. I am your host, James Orr. This is Episode 12. Today we’re going to continue with  Norm and Norma’s story. But before we do that I have some good news. The famous statistician George Box said: “All models are wrong, but some are useful.” And, that’s been true with all models done by financial … Read more