The Ultimate Guide to Tenant Screening for DIY Real Estate Investors

Welcome, intrepid real estate investors! If you’re diving into the world of DIY property management, you know that finding the right tenant is like discovering a rare gem. It’s not just about filling vacancies; it’s about creating a harmonious, profitable relationship that stands the test of time. Let’s embark on this journey together and uncover the secrets of effective tenant screening. Why Tenant Screening is Your Golden Key First things first, why should you care about tenant screening? Simply put, the right tenant can make or break your investment. A good tenant pays rent on time, maintains your property, and … Read more

Unlock Your Real Estate Investing Potential: Introducing “The World’s Best Real Estate Investing Goal Setting Class”

Are you ready to transform your real estate investing journey? Whether you’re just starting out or you’re a seasoned investor looking to elevate your game, I’ve got something that will change the way you approach your investments. My name is James Orr, and I’m thrilled to introduce you to the game-changer in real estate education: “The World’s Best Real Estate Investing Goal Setting Class.” Why Goal Setting is Your Secret Weapon In the world of real estate investing, success isn’t just about having capital or knowledge; it’s about setting clear, achievable goals. This is your roadmap, your guiding star in … Read more

Seasons Of My Life Budget™ Spreadsheet

Seasons Of My Life Budget™ Spreadsheet

Life is constantly changing and you’re moving through new seasons. Maybe you’re saving to buy your first owner-occupant home, or first rental, or first apartment, or 100th rental property Maybe you’re having your first child, or 10th child, or your last kid is finally moving out Maybe you’re getting your first job, or a new job, or being laid off, or retiring Maybe you’re getting married, or divorced or re-married Maybe you’re getting a new kitten or puppy or losing your best furry friend Maybe you’re paying off your first property, your owner-occupant property, your first rental property or all … Read more

Warning – Risks of Rental Property Expenses When Investing in Real Estate

In the world of real estate investing, there are many risks to consider. One of the most common fears among investors is the potential for rental property expenses to increase beyond what was initially anticipated. For example, take property taxes… increasing property taxes can be a major concern for landlords as they are subject to change and can catch investors off guard. “The time to take counsel of your fears is before you make an important battle decision. That’s the time to listen to every fear you can imagine! When you have collected all the facts and fears and made … Read more

How to Analyze a New Construction Single-Family Home Property

Are you considering investing in a new construction single-family home? Are you unsure about how to analyze the deal? Look no further! In this blog post, we’ll walk you through the steps to analyze a new construction property and help you make an informed decision. We know that investing in real estate can be intimidating, especially when it comes to analyzing deals. But with our guidance, you’ll be able to confidently analyze a new construction single-family home property and make a smart investment. So, what are you waiting for? Let’s dive into the exciting world of real estate investing and … Read more

The 3 Strategies to Pay Private Mortgage Insurance

Are you planning on buying a property but don’t have the 20% down payment required by lenders? Don’t worry, there are still options available to you! Private Mortgage Insurance (PMI) is a common way to protect lenders when borrowers put less than 20% down. But did you know there are three different strategies for paying PMI? In this blog post, we’ll break down each strategy and help you decide which one is right for you. So let’s dive in and learn about the 3 Strategies to Pay PMI! 3 Strategies to Pay PMI When it comes to buying a property … Read more

Warning – The Risk of Down Payment Size When Investing in Real Estate

Are you considering investing in real estate? If so, you need to understand the risks and rewards involved. In this blog post, we’ll discuss the concept of Resiliency™ and how it relates to your down payment size. By understanding Rent Resiliency™ and Price Resiliency™, you can make smarter investment decisions that will set you up for success. Plus, we have historical data to back it up. So buckle up and get ready to learn. Watch the video and read on to become a smarter real estate investor. “The time to take counsel of your fears is before you make an … Read more

How to Analyze a 5% Down Single-Family Nomad™ Property

Are you interested in investing in real estate, but don’t have a lot of cash on hand? The Nomad™ strategy might be perfect for you! With as little as 5% down, you can start building a real estate portfolio and creating passive income for yourself. But how do you know if a property is a good investment? That’s where The World’s Greatest Real Estate Deal Analysis Spreadsheet™ comes in. In this blog post, we’ll walk you through how to use the spreadsheet to analyze a 5% down Nomad™ property. The video above walks you through how to analyze the deal … Read more

What Affects Your PMI Rate

If you’re buying a property and putting less than 20% down, you will likely be required to pay for private mortgage insurance (PMI) to protect the lender in case of default. The rate you will be charged for this insurance is not a made-up number, but is instead determined by several primary factors and additional adjustments. The primary factors that impact your PMI rate include the loan-to-value (LTV) ratio, your credit score, the loan amortization term, the coverage amount required by the lender, fixed or variable payment amounts, and the length of time you’ve been paying the rate. In addition, … Read more