• Secret Market Stats
    Sep 27 2024
    Having a solid understanding of historical market stats is important for investing in real estate in Wichita. This class is Module 2 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: Should you try to “time the market” using data to increase profitability?How much are properties selling for? Do property values always go up? How much have properties gone up per year since 1965? What would your annual ROI be on a property using that appreciation rate if you put 20% down as an investor or 5% down as a Nomad™ or house hacker?If we adjust for inflation, how much have properties goes up in value per year? Why is this not a truly apples to apples comparison and what can we do about it?What would a typical owner-occupant primary residence rent for? How has that changed since 1975? What is the rent equivalent appreciation rate over that period? And, why is that not a fair and valid comparison?What’s one measure of housing affordability? And, does it prove houses are less affordable today than they were between now and 1980?What are new construction properties selling for? How has that changed since 1960?How many new single-family homes are for sale in the US now and going back to 1960? How many have sold? What can we determine from this?What’s a stat that combines both the supply of properties for sale and the demand for properties into one powerful single number? How do we interpret that stat? How has it changed between 1960 and now?How many properties are occupied by owner-occupants? How many by rents? How has this number changed between now and 2000?What percentage of properties are vacant and for sale? What percentage are vacant and for rent? How has this number changed between 1960 and today? How does this relate to your estimated vacancy rate on my personal rental properties?What have 30-year fixed rate mortgage interest rates done between 1960 and today? How does that impact you as investor today? Why is this a perfect example of desirably asymetric risk and how to utilize it as a real estate investor?What have typical mortgage origination fees and discount points been since 1960 through recent times? How does this directly impact you as a real estate investor today?What percentage of households in the US are homeowners? How has that changed since 1960 through today? What does that mean for us as real estate investor landlords?What is the median household income in the US—adjusted for inflation? And, how has that changed since 1980?What percentage of household disposable income is spent on debt service and, separately, how much is spent on mortgage debt? How to think about this? How does this strongly play into favor for real estate investors that hold properties and mortgages for long periods of time?How much equity do US households have? What percentage of property do they have as equity and how has that changed since the 1950s. Can we see as our nation’s philosophy on housing debt has changed over the last 70+ years? What is our current position on property equity?How have home prices changed (adjusting for inflation and not)? How often have property values declined year-over-year? How frequently—and by how much—have property values increased? What lessons can we—as real estate investors—take away from that to help us make better decisions?A discussion of a great chart by John Wake showing how the amount you can borrow while keeping a $1,000 per month mortgage payment changes with interest rates over time.How does the cash price, the inflation adjusted cash price and the monthly mortgage payment price of a property compare to a property in 1990 for all months through 2024? What lessons—as real estate investors—can we draw from this to make better investment decisions?How has per capita (per person) personal income in the US changed from 1990 through 2022?How many single family homes and apartments (5+ units) have we been completing each month since the mid 1960s through today? Why might this be a really good early signal depending on your desired real estate investing strategy?How many houses are completed by region of the US?What is a great way to measure how swiftly a real estate market is moving? What’s normal? What do we see every year? What do we see over time?How many times is a typical house marketed for sale shown? How has that changed over time? What are we seeing now?How have rents been changing? What is normal? What are we seeing lately? How does rent impact cash flow and why is this to our significant advantage as real estate investors?Plus much more... Check out the video and additional resources related to Secret Market Stats. Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:https://RealEstateFinancialPlanner.com/spreadsheetImprove Cash Flow: Book a consultation to improve cash flow using our proprietary 88 ...
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    1 hr and 26 mins
  • Secrets of the 7 Ways to Invest in Real Estate
    Sep 20 2024

    Having a deep understanding of the 7 key real estate investing strategies is critically important for your success as a real estate investor in Wichita.

    This class is Module 1 of 46 in a series called Real Estate Investing Secrets.

    Topics covered in this module include:

    • The 7 ways to invest in real estate… plus 2 more bonus strategies that we don’t cover
    • Which strategies are great for investing with little or no down payment?
    • Which strategies are great for generating immediate money in your pocket?
    • Which strategies require you to find less-than-common deals in many real estate markets?
    • Why real estate investing is usually get rich slow and what to do about it in the meantime?
    • A special technique—that can be applied to just about all the strategies—that will allow you to overcome just about any deficiency or weakness you’re currently experiencing in your current real estate business— deals, people to run the projects, down payments or financing ability
    • The 6 ways we primary categorize and group real estate investing strategies
    • Plus, the 12 additional—some would argue even more important—ways we categorize, group and organize real estate investing strategies
    • What are the 8 ways we finance real estate strategies when buying? And, how does that change when we sell properties?
    • How a story about an alligator in the sewers of NYC helps us understand where to find our most interesting real estate deals?
    • What are all the different channels (sources) of real estate deals for all of our strategies?
    • What’s the difference between actively and passively holding real estate?
    • What are the top channels for exiting real estate deals? Which do we hope to never use?
    • Plus much more...

    Check out the video and additional resources related to Secrets of the 7 Ways to Invest in Real Estate.


    Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

    https://RealEstateFinancialPlanner.com/spreadsheet

    Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

    Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Wichita real estate investor podcast? Book a free consultation to discuss.

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    1 hr and 21 mins
  • Warning - Risks of Missed Inspection Issues When Investing in Real Estate
    Sep 13 2024

    There's a risk to just about everything in life... including investing in real estate.

    One risk that some real estate investors fear is the risk of buying a property having missed important, expensive issues with the property during the inspection period.

    In this class, James will discuss the risk of investing in real estate and specficially the risks associated with missing things on inspection.

    Topics covered in this class include:

    • The 3 primary ways to limit your exposure during the inspection period when buying a property
    • How to hire a quality home inspector
    • What your typical recourse is on a home inspector missing something on an inspection
    • One little thing you can and should do on every property purchase—especially for new real estate investors
    • When a home inspector is not enough and what to do about it
    • The one thing most real estate investors—especially experienced investors forget to do—that could save them money and headaches later related to the inspection report
    • A special tip if you negotiate a seller to complete repairs based on what you find during your inspection that could prevent a catastrophe
    • A list of the most common inspection issues you’re likely to run into if you buy enough properties
    • A secret about seller property disclosures that few people—even real estate professionals—know about that could prevent you from making a very costly mistake
    • How to use your inspection and seller property disclosures to better plan for your capital expenses combined with the downloadable CapEx Estimator for Rental Property - Basic and the CapEx Estimator for Rental Property - Advanced
    • Why you should always walk the property right before closing
    • And what can you do if you missed something on inspection?
    • Plus much more...

    Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

    https://RealEstateFinancialPlanner.com/spreadsheet

    Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

    Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Wichita real estate investor podcast? Book a free consultation to discuss.

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    35 mins
  • How Return on Investment Changes Based on How You Pay PMI
    Sep 6 2024

    If you're going to put less than 20% down when buying a property, the lender is likely to require that you pay private mortgage insurance (PMI) to protect them in case you default on the loan.

    This usually applies to Nomads™, house hackers, and investors putting 15% down to acquire non-owner-occupant properties.

    There are 3 ways to pay PMI:

    1. Monthly
    2. Get the lender to pay it by raising the interest rate
    3. One-time, upfront, lump sum

    But of those three options, which gives you the best return in dollars?

    Which gives you the best return on investment?

    Find out in this class.


    Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

    https://RealEstateFinancialPlanner.com/spreadsheet

    Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

    Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Wichita real estate investor podcast? Book a free consultation to discuss.

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    29 mins
  • Warning - Risks of Interest Rates Rising When Investing in Real Estate
    Aug 30 2024

    There's a risk to just about everything in life... including investing in real estate.

    One risk that some real estate investors fear is that rising mortgage interest rates will:

    1. Increase their mortgage payment and therefore hurt cash flow, or
    2. The rising mortgage interest rates will lower affordability and demand for properties, and therefore the value of properties they own will decline.

    In this class, James will discuss the risk of investing in real estate and having mortgage interest rates rise, and how to mitigate or completely eliminate the risk.

    Topics covered in this class include:

    • Historical perspective on mortgage interest rates
    • The challenge with Recency Bias for real estate investors
    • Current mortgages at various interest rates
    • The Mortgage Interest Rate Confidence Meter™ and how likely it is that you'll be able to get a certain interest rate
    • The two big fears around rising mortgage interest rates for real estate investors
    • How to completely avoid the impact of interest rates on your cash flow
    • Why balloons are for clowns and not real estate investors
    • What to do about buying more properties in a high property price, high mortgage interest rate, and lagging rent environment
    • Plus much more...

    Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

    https://RealEstateFinancialPlanner.com/spreadsheet

    Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

    Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Wichita real estate investor podcast? Book a free consultation to discuss.

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    47 mins
  • Warning - Risks of Tenants Trashing Properties When Investing in Real Estate
    Aug 23 2024

    In this special class about the dangers, risks and warnings of investing in real estate:

    • The #1 fear that keeps potential landlords and new real estate investors up at night!
    • Expert insights on why this fear is more common among inexperienced landlords and investors in challenging real estate markets.
    • Real-life horror stories of tenants causing significant damage and expensive repairs - and how to avoid falling victim to it.
    • Proven strategies to select reliable tenants through thorough improved tenant screening criteria and process.
    • The surprising role your potential tenant's cleanliness plays in predicting how they will treat your property.
    • How to obtain positive landlord references and why checking with previous landlords is crucial for accurate tenant assessment.
    • Uncover the red flags of tenant screening, including the absence of references, and save yourself from potential disasters.
    • Gain valuable insights into the importance of maintaining the foundation of your property and other unintentional structural damage from tenants.
    • Learn how to effectively communicate with tenants about property maintenance and inspire them to take care of your investment.
    • Discover the secrets of investing in the right type of real estate market to maximize your profits and minimize risks.
    • Inside tips on dealing with theft and vandalism by tenants, and navigating insurance policies to recover losses.
    • Learn the art of property inspection and what signs to look for in a potential tenant's current residence to predict their treatment of your property.
    • Expert advice on when to hire a property manager and when to take matters into your own hands.
    • Plus, much more invaluable knowledge and expert advice to help you navigate the risks and succeed in real estate investing.

    Don't miss out on this informative class and unlock the secrets to protecting your properties and maximizing your real estate investments.


    Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

    https://RealEstateFinancialPlanner.com/spreadsheet

    Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

    Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Wichita real estate investor podcast? Book a free consultation to discuss.

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    45 mins
  • How to Analyze an All-Cash Rental Property Purchase
    Aug 16 2024

    Interested in learning how to analyze deals using The World's Greatest Real Estate Deal Analysis Spreadsheet™? Specifically, do you need to know how to analyze a deal purchased with an interest-only loan?

    In this special deal analysis, you will:

    • Discover the secret strategy for analyzing the purchase of a rental property with an interest-only loan that can dramatically boost your cash flow.
    • Unveil the power of making extra principal payments on interest-only loans and how it can improve your ROI.
    • Get exclusive access to a step-by-step walkthrough using
    • The World's Greatest Real Estate Deal Analysis Spreadsheet™ to evaluate your property investments.
    • Learn how to calculate the *Cash Flow from Depreciation™* and leverage it to maximize your tax benefits.
    • Gain insights into essential expenses to consider in your analysis.
    • Uncover the hidden costs of rent-ready expenses and how factoring them into your investment can give you a more accurate ROI.
    • Unleash the potential of the number one resource for analyzing real estate deals and take control of your financial future.
    • Obtain insider tips and tricks directly from the creator of *The World's Greatest Real Estate Deal Analysis Spreadsheet™* and elevate your property analysis game.

    Don't miss out on this opportunity to master the art of analyzing real estate deals, even with interest-only loans, and unlock the path to financial success.

    Or, check out the deal analysis example for Wichita, Kansas:

    Deal Analysis and Modeling for Wichita


    Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

    https://RealEstateFinancialPlanner.com/spreadsheet

    Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

    Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Wichita real estate investor podcast? Book a free consultation to discuss.

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    1 hr and 13 mins
  • Haunted Houses or Hidden Treasures? Decoding Stigmatized Real Estate
    Aug 9 2024

    Life has risks. Investing adds new risks. Investing in real estate adds new risks specific to real estate investing.

    One risk that is unique to real estate investing is the risk of buying a stigmatized property or having a property become stigmatized while you own it.

    In this class, James will:

    • Uncover hidden gems in the real estate market and turn them into profitable investments.
    • Learn how to leverage the power of stigmatized properties to create buying opportunities that others overlook.
    • Discover the secrets to mitigating the risks associated with emotionally stigmatized real estate assets.
    • Gain insights on dealing with crime scenes, haunted houses, and homes with a stigmatized history to maximize your returns.
    • Get exclusive strategies for navigating divorce homes and properties with mold or hazardous material problems.
    • Don't miss out on the chance to master the art of investing in stigmatized real estate and unlock hidden treasures.
    • Take control of your real estate investment journey and eliminate the fear of stigmatized properties with expert tips and tactics.
    • Be the investor who dares to tread where others hesitate and reap the rewards of your courage in the real estate market.
    • Plus much, much more...

    Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

    https://RealEstateFinancialPlanner.com/spreadsheet

    Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

    Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Wichita real estate investor podcast? Book a free consultation to discuss.

    Show More Show Less
    25 mins