Class Group: Financing

Are FHA Loans for Suckers?

You can purchase a property using an FHA loan with just 3.5% down. Heck, sometimes you can even get down payment assistance to help with the 3.5% down payment. But there are other loans with lower down payment options. However, when you put less than 20% down, FHA loans require you buy insurance to protect the lender in case you default on the loan. This insurance… called Mortgage Insurance Premiums (MIP) for FHA loans or the equivalent of Private Mortgage Insurance (PMI) on other types of loans… has both an upfront premium and a monthly premium. And, with FHA loans … Read more

Overcoming Hurdles to Real Estate Investing

Most real estate investors face similar challenges, hurdles and obstacles: Where do I get my next down payment from? How do I overcome negative cash flow or improve the cash flow I have? How do I qualify for the best loans? How do I find what I’m missing (deals, dream team, partners, tenants)? How do I commit to achieving my real estate goals, get the courage to act despite fear, gain the capabilities I need or eliminate fears? This class helps you solve those challenges and more. Listen to the audio of this for free on the real estate investing … Read more

Unleashing the Secret Power of Debt-To-Income for Real Estate Investors

In this special financing class for real estate investors, James reveals the following: What’s a front-end debt-to-income (DTI) ratio and what’s a back-end ratio and how they play out when buying properties as a real estate investor. The formula and how to calculate your own debt-to-income ratio and how to easily find software that will do it for you. What gets included in your debt-to-income ratio and what is excluded. What DTI is and what it is not impacted by and how to optimize it when buying properties as investment. How to deal with weekly, bi-weekly, bi-monthly and annual income … Read more

Real Estate Investor Loan Comparison Deep Dive

Loan Comparison Table Do you really want to dive deep and truly understand the differences between the loan options available for real estate investors to purchase properties? In this class we will show you how which loan you choose can impact how your investment performs with a thorough comparison of loan options. In this class you’ll learn: This class is intended to supplement the other financing classes we’ve taught (and we’ll try to limit how much we repeat here from there) The amazing loan comparison table with par rates from when we taught the class Comparing owner-occupant loans for Nomads™ … Read more

The Ultimate Guide to VA Loans

Estimated Monthly Payments – All Loans If you are a veteran… thank you for your service… and you likely qualify for one of the best loan programs ever for buying properties… the VA loan. Learn all about this nothing down loan option in this class. In this class you’ll learn: The many benefits of VA loans VA guaranteed loans and what the benefit of that is for you Eligibility requirements of VA loans VA loan limits including full benefits, partial benefits and the loan limits map VA loans for investment properties Occupancy requirements for VA loans Lender selection Lender programs … Read more

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 … Read more

Real Estate Investor Financing After Coronavirus

Estimated Monthly Payments – All Loans Has financing for buy-and-hold real estate investors, Nomads™ and house hackers changed since COVID? How so? How do you finance buying your investment properties? In this class you’ll learn: What’s changed with COVID? The math behind forbearances and why you may not want to take one Lender selection – going beyond just the lowest cost Different lenders, different loan programs – not all lenders are the same A brief discussion of Private Mortgage Insurance (PMI) as it applies to investors and Nomads™ (see full class on Private Mortgage Insurance for the 2 hour version) … Read more

The Ultimate Guide to Private Mortgage Insurance

Nomad™ No Points Comparing 3 Different PMI Options What is Private Mortgage Insurance? How to avoid it as a buy-and-hold real estate investor, Nomad™ or house hacker or use it to your advantage. In this class you’ll learn: What is Private Mortgage Insurance (PMI)? And, how to avoid it. Some of the more common PMI providers and why you may care… What primarily affects your PMI rate? What are additional adjustments? How to calculate PMI The range of monthly PMI amounts 3 strategies to pay PMI FHA and the PMI equivalent of MIP The duration of MIP for FHA loans … Read more