• Washington Real Estate Investing & Real Estate Financial Planning™ Podcast

  • De: James Orr
  • Podcast

Washington Real Estate Investing & Real Estate Financial Planning™ Podcast

De: James Orr
  • Sumário

  • Learn all about investing in real estate in Washington, DC with a combination of real estate financial planning and modeling with numbers specific to Washington plus syndicated, more generalized recordings of live and pre-recorded real estate investing classes (not all specific to Washington).
    © Real Estate Financial Planner LLC. All rights reserved.
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Episódios
  • Secrets of Analyzing Deals
    Jan 31 2025
    Learn the secrets to analyzing deals in Washington. This class is Module 20 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: Where can you get a free deal analysis spreadsheet to analyze your own deals?Which fields should I fill in when analyzing a deal, and which should be left for the spreadsheet to calculate?What is the difference between ARV (After Repair Value) and purchase price, and when should I use each?Why does Warren Buffett say, ‘It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price,’ and how does this apply to rental properties?What are seller concessions, and how should I account for them when analyzing deals?How should I determine the down payment when analyzing deals?How should I calculate closing costs when analyzing deals, and what should I include or exclude?What is the danger in the relationship between seller concessions and closing costs when analyzing rental properties?What are rent ready costs and what should I include in them on my rental property?How do I deal with buying a rental property with a below market lease in place?How do I deal with having to wait until I own a property to start marketing the property for rent and having a higher initial vacancy and maybe lower rent than expected in the first year?What do you mean by: if you put enough down, most properties will cash flow so by choosing to put small amounts down you are choosing to “finance your down payment” in the form of negative cash flow? And, how do you account for this when analyzing deals?What is included in total invested (for the Return on Investment calculation)?How do you input your mortgage when analyzing deals?How do you enter rents and other income on rental properties when analyzing deals?How do you deal with the vacancy rate when analyzing deals and what do you recommend using for vacancy rate? What impacts vacancy rate?How do you deal with property taxes when analyzing deals and why can’t you just look up what taxes are and use that number?How do you enter property insurance when analyzing deals without calling your insurance agent with each new possible deal?How do you analyze properties with an HOA? What’s something you should consider if you find yourself buying a property with an HOA?How do you deal with legal and accounting fees in your deal analysis?How do you deal with landlord expenses unique to certain properties?How do you estimate and deal with maintenance on the property?How do you estimate and deal with capital expenses on the property?How do you estimate property management costs and why you can’t just use the percent of rents collected they tell you?How do you estimate the depreciation benefit on a rental property? How do you estimate the Cash Flow from Depreciation™ on a rental property?How do you use The World’s Greatest Real Estate Deal Analysis Spreadsheet™ Dashboard to analyze your deal once you’ve entered in the basic assumptions?How can you determine the cash flow, Cash Flow from Depreciation™, and True Cash Flow™ your rental property is generating?How do you see what the total return you’re earning in dollars is on the rental property?How can you determine the total dollar return you’re earning on your rental property?How do you see what the annualized ROI, compounding ROI and IRR are for your rental property (depending on when you sell it)?How do you easily see and compare the cash on cash ROI and cap rate on the property?How do you easily see what the various returns are on the True Net Equity™ you have in the property?How do you see what the key metrics for the property are like Gross Potential Income, Gross Operating Income, OpEx and NOI? How do you see the annual non-loan expenses for the property?How do you see how much True Net Equity™ and cash out refinance equity—and the cost to access each—for your rental property?Plus much more... Check out the video and additional resources related to Secrets of Analyzing Deals. 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 cash flow improving strategies.Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Washington real estate investor podcast? Book a free consultation to discuss.
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    1 hora e 20 minutos
  • Secrets of Flipping Properties
    Jan 24 2025

    Learn the secrets to flipping properties in Washington.

    This class is Module 19 of 46 in a series called Real Estate Investing Secrets.

    Topics covered in this module include:

    • What are the different variations of flipping properties and what are some of the pros and cons of each.
    • What are the most common ways to finance property flips? And what are some of the more unusual ways?
    • Is flipping properties typically an active or passive investment?
    • How long do you typically hold flips? And, why might you change that?
    • How do you typically exit a flip? How does your buyer typically finance the purchase when they buy from you?
    • Is flipping properties typically for real estate investors or real estate entrepreneurs… and what’s the difference?
    • How much money is typically required to flip properties? What are some of the less common money requirements?
    • What credit is required to flip properties? And, what are some less common credit-related requirements?
    • What are the 5 primary skills required for house flippers?
    • Is house flipping actively or passively stable? And, what does that means in terms of the entire business blowing up in your face?
    • How scalable is house flipping?
    • What is your risk exposure with flipping properties? What are some of your risks? How does that increase with certain sub-strategies?
    • How quickly do you make money with flipping houses? What amount of money do you make at that interval?
    • How does one typically find deals as a house flipper? What are some of the more unusual ways to find deals?
    • What do you use to analyze flips?
    • What are the ideal market conditions for flipping properties and what is a challenging market to utilize this strategy in?
    • How accessible or available are viable flip deals?
    • Can you utilize your retirement money to flip houses?
    • Plus much more...

    Check out the video and additional resources related to Secrets Flipping Properties.


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

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    1 hora e 2 minutos
  • Secrets of Bookkeeping
    Jan 17 2025

    Learn the secrets to real estate investor bookkeeping and accounting in Washington.

    This class is Module 18 of 46 in a series called Real Estate Investing Secrets.

    Topics covered in this module include:

    • What are the ways that real estate investors can use to keep their books (track income and expenses) for their real estate investing business?
    • What is the one tool that helps you get and stay organized and allows you to easily share and back up all your digital files?
    • How should you organize your physical/digital files to make it easier to manage the paperwork for your real estate investing business?
    • For real estate entrepreneurs dealing with seller leads, what is the recommended folder/file structure for managing all your seller property information files? How does this change if you’re doing it with physical files versus digital files?
    • Why do you insist on a specific file naming convention? And, what is that naming convention?
    • What is included in a typical Seller Property Information File?
    • How do you recommend setting up your property files for rental properties you own?
    • What is typically kept in the general folder for all properties? What about each individual property file... what do you typically keep in those?
    • What do you typically keep in each entity file?
    • How do you process digital communications (emails, calls, texts, PDFs, etc)? How do you process physical communications (paperwork, mail, bills, letters, etc)?
    • How do you set up your file system for tenants and property management?
    • How do you set up your file system for taxes?
    • What information will you need for each property to do your own taxes or to send to your accountant/CPA?
    • Do we get to deduct the entire mortgage payment? How do we get the number we can deduct?
    • Do we get to deduct the entire capital improvement? How much can we deduct under the safe harbor provision from the IRS?
    • How much can we write off for each mile traveled associated with our real estate investing business?
    • Plus much more...

    Check out the video and additional resources related to Secrets to Bookkeeping.


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

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    57 minutos
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