Learn the secrets of the Nomad™ real estate investing strategy for McKinney real estate investors.

This class is Module 10 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include:

• What are the different variations of the Nomad™ real estate investing strategy and what are some of the pros and cons of each.
• What are the most common ways to finance Nomad™ real estate investments? And what are some of the more unusual ways?
• Is the Nomad™ real estate investing typically an active or passive investment?
• How long do you typically hold Nomad™ real estate investments? And, why might you change that?
• How do you typically exit a Nomad™ real estate investment? How does your buyer typically finance the purchase when they buy from you?
• Is the Nomad™ real estate investing typically for real estate investors or real estate entrepreneurs… and what’s the difference?
• How much money is typically required to invest utilizing the Nomad™ real estate investing strategy? What are some of the less common money requirements?
• What credit is required to utilize the Nomad™ real estate investing strategy? And, what are some less common credit-related requirements?
• What are the 4 primary skills required for Nomad™ real estate investors? And, how does one of those skills vary depending which strategy you’re utilizing.
• Is the Nomad™ real estate investing actively or passively stable? And, what does that means in terms of the entire business blowing up in your face?
• How scalable—in terms of net worth—is the Nomad™ real estate investing strategy? What level of net worth is it typically associated with?
• What is your risk exposure with the Nomad™ real estate investing strategy? What are some of your risks? How does that increase with certain sub-strategies?
• How quickly do you make money with Nomad™? What amount of money do you make at that interval?
• How does one typically find deals as a Nomad™ real estate investor? What are some of the more unusual ways to find deals?
• What do you use to analyze Nomad™ real estate investments and where to get a copy of the spreadsheet you need… for free?
• What are the ideal market conditions for the Nomad™ real estate investing strategy and what is a challenging market to utilize this strategy in?
• How accessible or available are viable Nomad™ real estate deals?
• Can you utilize your retirement money to invest in Nomad™ real estate investments?
• Plus much more...

Check out the video and additional resources related to Secrets of Nomad™ Real Estate Investing.

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

Learn the secrets of asset protection for McKinney real estate investors.

This class is Module 9 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include:

• My top 10 asset protection tips for real estate investors that you’d be a fool to ignore.
• The importance of getting bespoke legal advice and why you should never rely on free advice from articles, classes, podcast episodes and forum discussions for your unique situation.
• What happens if someone sues you when you own a rental property... understanding your risks. What if you own more than one property? How does this change when you own the property in an LLC? What happens if the tenant “wins” the lawsuit?
• What’s a common setup that asset protection attorneys might recommend for real estate investors... maybe even recommend for you?
• What might real estate investors utilizing the Nomad™ real estate investing strategy progress through for asset protection... plus the downsides.
• Why language like “sharks don’t get cancer” can be dangerous for real estate investors and the importance of critical thinking.
• Why you should never rely on your adversaries being incompetent as an asset protection strategy.
• What exactly does the “Due on Sale” clause say? You’ll finally read it and understand what it says because I’ll read it to you and discuss it.
• Why “I’ll just transfer it back” is not a viable strategy if a lender enforces the due on sale clause... I’ll read you the section where this applies too.
• An introduction to the risk matrix... which you’ll learn more about in the risk module.
• A clever way to use insurance premiums as a proxy for measuring how risky something is.
• Evaluating the cost and value you get from auto insurance, property insurance and umbrella insurance for asset protection with actual insurance numbers.
• Just how risky doing your own work as a handyman/contractor on your rental properties is... with numbers to back it up.
• Why it is important to realize that you don’t know what you don’t know to properly deal with asset protection for real estate investments.
• How property equity relates to how much asset protection you need... and what may be a controversial conclusion.
• The importance of not doing stupid stuff.
• Plus much more...

Check out the video and additional resources related to Secrets of Asset Protection .

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

Learn the secrets to hiring and managing a property manager in McKinney.

This class is Module 8 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include:

• A small tweak to your mindset around renting your property that will change all aspects of your property management... for the better... to make it easier, to lower risk, and improve profitability.
• How do you find a quality property manager you can trust to handle your valuable assets?
• Should you go with a one person “mom and pop” superstar as a property manager or a team?
• A warning sign that your property manager will have a hard time being “firm but fair” with your tenants and advocate on your behalf
• A detailed list of property manager interview questions...
• What’s one thing that you should insist your property manager has and why?
• What are typical property manager services offered and what is more unusual, niche offerings that you may (or may not) be able to easily find?
• What are the primary and secondary profit centers and fees charged by property managers?
• What does a typical property manager charge? And, what additional gotcha fees might there be?
• How do you determine their leasing policy? And, what should you insist on?
• What is the property manager’s walkthrough policies and what is recommended?
• How do property managers enforce occupancy limits and how this can save some real estate investors $1,000 per day per person in fees/fines!
• How does a property manager address tenant qualifications for screening? And, a list of questions to ask them to limit risk, reduce vacancies and evictions and improve profitability in your properties.
• How much do property managers charge tenants? And, how does that work with the owners?
• How do property managers deal with maintenance on your properties and how can this be a profit center for them?
• How do property managers deal with service animals, emotional support animals and pets?
• How will your property manager disburse rents collected? When? How frequently?
• When does your property manager start marketing your property for rent to minimize vacancy, maximize rent and reduce risk?
• How do property managers deal with evictions and the fees associated with them?
• How do property managers deal with collections when a tenant can’t pay?
• The ridiculously insane way that some property managers deal with late fees... and what you might do about it.
• How do property managers deal with rent comps before you buy properties and after they’re managing the property?
• What if things don’t work out? How do you exit out of a property management agreement?
• A “gotcha” with hiring a property manager that can cost you upwards of tens of thousands of dollars per property—and a lot more on expensive properties—if you don’t deal with it appropriately.
• How does your property manager add an additional layer of asset protection to real estate investors? And, what else do they do to reduce your risk and liability exposure?
• Plus much more...

Check out the video and additional resources related to Secrets of Hiring and Managing a Property Manager.

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