Overview
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Get started in real estate investment. Learn how to buy and maintain your first cash-flowing rental property.
Syllabus
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Introduction
- Getting started generating passive income
- Reducing risk and increasing your potential profit
- Harnessing the advantage of tax deductions
- Why there are challenges getting cash from your equity
- The difficulty of being a hands-on landlord
- Tools to help excel in your buying journey
- Understanding your target market
- Why doing your due diligence can be a huge benefit
- Specifications of doing your due diligence
- How to excel at managing your property
- Deal analyzer tool for rentals and how it works
- Adding the rental property information to the deal analyzer
- Value of the land as it pertains to the deal analyzer
- Timetables within the deal analyzer tool
- How to use the gross rent multiplier in the deal analyzer
- Adding depreciation to your deal analyzer document
- How the price per square foot number adds to the deal analyzer
- Estimates of your five-year operating projections in the deal analyzer tool
- Break-even ratio with the deal analyzer tool
- Finding a rental property that will be profitable
- Negotiating the deal and excel at closing the transaction
- Preparing the property and advertising
- Managing of tenants and maintenance of property
- Generating income whether you are doing anything or not
- Purchasing properties with tenants already in place
- How to excel at buying rental property
