Ultimate Guides

Learn what you need to know to find success in real estate investing! Here, the Real Estate Financial Planner™ team has collected all our Ultimate Guides so you can explore everything from investment strategies to financing to rental properties. Dive into the topics that have been holding you back so you can make informed choices, take action, and make your real estate investment goal into a reality.

The Ultimate Guide to Nomad™ Investing

If you’re interested in learning about the best real estate investing strategy ever invented, then you’ve come to the right place. Learn more about the Nomad™ investing strategy, and explore all its benefits with the Real Estate Financial Planner™ today! How Does Nomad™ Investing Work? Buy a property as an owner-occupant Move in and live there for at least a year (to satisfy the lender occupancy requirement) Buy a new owner-occupant property and move into the new property Convert the previous property to a rental Repeat! Of course, there are lots of variations and details. Here, we’ll go into the … Read more

The Ultimate Guide to House Hacking

Real estate investing can be daunting, but what if you could benefit from a long-term investment with lower interest rates and immediate rental income? We introduce to you: house hacking. Dive in to learn more about how it works and how Real Estate Financial Planner™ can help you get started. House Hacking versus Nomad™ The Real Estate Financial Planner™ tool is made for buy-and-hold investors, including Nomads™ and house hackers. Learn the differences between our two favorite investment strategies with this two-hour class, and decide for yourself what kind of investor you want to be! Buying 10 Rental Properties In … Read more

The Ultimate Guide to Investment Property Loans

Whether you’re looking to learn how to finance and buy your first rental property or are already a seasoned investor hoping to access future deals without paying a premium, this is the ultimate guide to investment property loans. As you can imagine, how you choose to finance the purchase impacts multiple aspects of the process for real estate deals. With that in mind, here are the main topics we will teach you here to take your investing knowledge to the next level: Lender Selection Dos and Don’ts – The lender(s) you work with should be part of your dream team … Read more

The Ultimate Guide to the BRRRR Strategy

The BRRR strategy is the real estate investing strategy of buying a property, rehabing it, renting it and refinancing it. When you repeat this process, we had an addition “R” to the end making it the Buy, Rehab, Rent, Refi, Repeat (BRRRR) strategy. Class Recording: The Ultimate Guide to the BRRRR Strategy On October 16, 2019 I taught a live class called The Ultimate Guide to the Buy, Rehab, Refi, Rent and Repeat (BRRRR) Strategy to the Northern Colorado Real Estate Investor Group. The video is posted below. The following is my outline for the class: What is BRRR? Back … Read more

The Ultimate Guide to Low Ball Offers for Real Estate Investors

If you’re interested in learning more about low ball offers then you’ve found the right place with The Ultimate Guide to Low Ball Offers for Real Estate Investors. Wondering how to make an offer on a house as a real estate investor? Should make an offer lower than the price that is listed in the MLS? After you read this guide you will be better prepared to answer that question than 99.9% of all buyers ever. I can say this with confidence because I will be sharing with you real-world, hard data on low ball offers. Both data in aggregate … Read more

The Ultimate Guide to Gross Operating Income for Rental Properties

Want to learn more about Gross Operating Income? Check out The Ultimate Guide to Gross Operating Income for Rental Properties where we will start with the basics and dig into more advanced and nuanced discussions. Gross Operating Income = Gross Potential Income – Vacancy Gross Operating Income, often abbreviated GOI, is the Gross Potential Income that a property could generate minus the Vacancy on the property. Gross Potential Income is the most you could possibly receive on the rental property if you collected all the income generated on the property. It is defined as: Gross Potential Income = Rent + … Read more

The Ultimate Guide to Net Operating Income

If you’re looking to learn more about Net Operating Income (also abbreviated as NOI) then check out our Ultimate Guide to Net Operating Income. Net Operating Income = Gross Operating Income – Operating Expenses NOI is defined as the Gross Operating Income minus Operating Expenses. Calculating Net Operating Income The following walks you through how to calculate NOI on rental properties. I will be adding to this page in the future: Show where NOI is located on spreadsheet and walk through the calculation of it using the spreadsheet and images Show REFP charts of Net Operating Income for buying one … Read more

The Penultimate Guide to Safe Withdrawal Rates

The following is The Penultimate Guide to Safe Withdrawal Rates. Why not the “ultimate” guide? Because Karsten Jeske with Early Retirement Now made the ultimate guide already (which you all should read and I link to below). Our guide is intended to be an addendum to the amazing work he’s already done and the second-to-last guide you’ll need in addition to Karsten’s. I will continue to update this over time as I discover more resources or have more to say about it from modeling done with the Real Estate Financial Planner™ software. In this guide, I will primarily do two … Read more