Learn the secrets of improving cash flow by buying down your mortgage interest rates on rental properties in Dayton.

This class is Module 34 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include:

• How improving cash flow by buying down your mortgage interest can help you get to financial independence faster and with less risk
• One way of calculating the benefit of buying down your mortgage interest rate and a better, more sophisticated metric I’d probably use
• We’re focusing on buying down mortgage interest rates when buying a property, but similar math could be applied when doing cash out refinances, cash in refinances, rate and term refinances or recasting a mortgage
• The big picture: buying down mortgage rates and receiving credits for taking higher rates
• How long does the mortgage buy down last
• What’s a point and how to calculate them
• Can I use credits to fund my down payment
• What is par rate and how to get par rate when talking to lenders
• Your options if you find yourself with extra money after your minimum total cost to acquire a property (down payment, reserves, closing costs, rent ready costs, cumulative negative cash flow/deferred down payment, etc)
• Comparing putting more down versus buying down your mortgage interest rate
• A sample mortgage buy down table from a lender and how to read it
• Downloadable spreadsheet for analyzing mortgage buy downs
• How to use the spreadsheet
• What are vanity rates and how to deal with them
• Using the spreadsheet to take advantage of market inefficiencies
• Use the spreadsheet to automatically calculate simple and compound rates of return for various mortgage buy downs
• Comparing the return in dollars for putting more down or buying down mortgage interest rates
• Including improved equity growth in our comparisons
• When you should not buy down your mortgage
• How to determine if you should buy down your mortgage interest rate or pre-pay PMI instead
• Plus much more...

Check out the video and additional resources related to Secrets of Buying Down Mortgage Interest Rates.

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 Dayton real estate investor podcast? Book a free consultation to discuss.

Learn the secrets of comparable sales to determine property value in Dayton.

This class is Module 33 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include:

• How do you know if you’re paying a good price for a property you’re buying (not too high)?
• How do you know if you’re getting for a good price for a property you’re selling (not too low)?
• Why use comparable sales to determine a property’s value
• What makes a property comparable?
• What are the most important factors for finding true comparable properties?
• How do you find comparable sales to use?
• How to use sold comparable sales and how to use active for sale properties when doing comps
• What range of square footage should use for comparable sales?
• How do you deal with outliers?
• What should you use for proximity when determining comps?
• How do you compare properties of different types or styles?
• How do you deal with the age of a property for comps?
• Narrowing the net to come up with a handful of really good comps
• Addressing your current competition in actively listed, comparable properties
• Reconciling asking price versus sold price
• Why and when you might want to get access to the MLS
• A warning when you can’t find many comps
• What are the value of upgrades when comparing properties?
• What is so important about market-based adjustments?
• Stable markets versus changing markets: how far back should you go for sold comps?
• Comping income properties versus owner-occupant properties
• List of websites to get free comps from
• How accurate are automated valuations (like Zillow, Redfin, etc)?
• Determining value and comparable sales
• Walking through a property’s value on the free comp websites as an example
• A tool for plotting square footage versus price to determine your property value
• The importance of buyer’s eyes as the final step when determining price
• Plus much more...

Check out the video and additional resources related to Secrets of Comparable Sales.

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 Dayton real estate investor podcast? Book a free consultation to discuss.

Learn the secrets of real estate maintenance and capital expenses Dayton.

This class is Module 32 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include:

• What’s the difference between capital expenses and maintenance on a rental property?
• What do I need to do to have my rental property business be a “qualified business” to get the tax advantages from the IRS?
• A downloadable log to keep the required contemporaneous records for qualified rental property businesses
• Examples of traditional maintenance versus capital expenses on a rental property
• How to account for maintenance and capital expenses when analyzing deals (including a spreadsheet for analyzing deals that models both for you)
• Are paint and carpet considered maintenance or capital improvement?
• How to determine what maintenance percentage to use when analyzing deals with detailed example
• How the price of the property, rent and ultimately Gross Operating Income impacts your maintenance percentage
• The danger of low-priced rental properties in relation to maintenance and capital expenses
• How to completely due diligence for maintenance and capital expenses on your rental properties
• Your 3 options regarding maintenance and capital expenses... and why #1 is not a good strategy
• Using the BASIC version of “Maintenance and CapEx Estimator for Rental Properties”
• What are the shortcomings of using the BASIC version of “Maintenance and CapEx Estimator for Rental Properties” and how do we overcome them?
• Using the ADVANCED version of “Maintenance and CapEx Estimator for Rental Properties”
• Where to enter the output of the “Maintenance and CapEx Estimator for Rental Properties” into your deal analysis spreadssheet
• Why should you consider setting aside money at the start for known upcoming maintenance or capital expenses?
• Where do maintenance and capital expenses show up in our returns? And, why that’s not everything.
• Comparing buying a new construction property to a resale property in terms of maintenance and capital expenses
• As home price and rents decline, what tends to happen to maintenance and capital expenses?
• Rental property portfolio planning with capital expenses in mind
• Timing maintenance and capital expenses: two strategies explored
• Alternatives to saving for maintenance and capital expenses
• One way to get lucky with certain capital expenses and what to do if you end up being lucky
• A simple tool... properly timed and deployed... that could ultimately save you thousands of dollars on your maintenance and capital expenses
• Plus much more...

Check out the video and additional resources related to Secrets of Capital Expenses.

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 Dayton real estate investor podcast? Book a free consultation to discuss.