In this one hour and 30 minute class, James walks through his preliminary thoughts on the Nomad™ investing strategy for the first time.
Class Outline
These are the questions answered on the video recording above.
Nomad Basics
- Did you invent Nomad? How did it come about?
- Do you have to move in?
- What are the different Nomad types?
- Does it work in all cities?
- Do I need to buy properties at a discount?
- What is the end goal of Nomad?
- Do I have to do 10 properties?
- Where do you get down payment from?
- I’m overweight, under-employed and not funny, can Nomad help?
Financing Nomad
- Can you do Nomad with nothing down?
- What loans do you recommend and in what order do you recommend them for Nomad?
- If I have more than 5% down, should I put more down?
- What if I can’t get a loan?
- What if interest rates go up?
Cash Flow
- Will I have positive cash flow?
- How can I improve cash flow?
- Will this work in cities where I’d have negative cash flow?
- What if I need cash flow now?
- Can you speed up getting better cash flow?
- Are you speculating the rents will increase?
Appreciation
- Isn’t the entire Nomad model just speculating on appreciation?
- What do you assume for appreciation when you model Nomad?
- Is appreciation inflation?
- What if property values go down?
Equity
- How do I get equity in the Nomad properties?
- What do you do with the equity in your properties?
- Do property values or rents need to go up to get equity from Nomad?
Tax Benefits and Depreciation
- Do you get tax benefits from doing Nomad?
- How much is the Depreciation benefit?
- Why do you say the cash flow from Depreciation?
Selling
- Do you recommend selling Nomad properties?
- Do you do a class on selling?
- Do you recommend using an agent to sell them?
- Why might you want to sell your properties (and replace them with new ones)?
Renting
- How do you know what rent to charge?
- Do you have a lease I can use?
- How do you screen tenants?
- What if I can’t get enough rent to support the property?
- How early do you recommend I start looking for tenants?
- Do you recommend doing lease options (rent to owns)?
- Can I use the income from one property to qualify for future purchases?
Asset Protection
- Should I consult with an attorney?
- Should I worry about asset protection with Nomad?
- What do you recommend for asset protection for Nomad?
- Do you have the paperwork?
Nomad Calculator
- What is the Nomad Calculator and what does it do?
- How do I access it?
- What assumptions should I use for the calculator?
- What do you have planned for the new calculator?
Nomad Investor Clubs
- What are the Nomad Investor Clubs?
- What is your vision for the clubs?
- How often are classes and meetups?
- How long does it take you to prepare a presentation?
For more insight and updates, check out other recordings of this class:
To see other Nomad™ Classes, consider these other recordings:
