Learn the secrets of short-term rental properties in New York.

This class is Module 35 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include:

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

Check out the video and additional resources related to Secrets of Short-Term Rentals.

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

Learn the secrets of improving cash flow by buying down your mortgage interest rates on rental properties in New York.

This class is Module 34 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include:

• How improving cash flow by buying down your mortgage interest can help you get to financial independence faster and with less risk
• One way of calculating the benefit of buying down your mortgage interest rate and a better, more sophisticated metric I’d probably use
• We’re focusing on buying down mortgage interest rates when buying a property, but similar math could be applied when doing cash out refinances, cash in refinances, rate and term refinances or recasting a mortgage
• The big picture: buying down mortgage rates and receiving credits for taking higher rates
• How long does the mortgage buy down last
• What’s a point and how to calculate them
• Can I use credits to fund my down payment
• What is par rate and how to get par rate when talking to lenders
• Your options if you find yourself with extra money after your minimum total cost to acquire a property (down payment, reserves, closing costs, rent ready costs, cumulative negative cash flow/deferred down payment, etc)
• Comparing putting more down versus buying down your mortgage interest rate
• A sample mortgage buy down table from a lender and how to read it
• Downloadable spreadsheet for analyzing mortgage buy downs
• How to use the spreadsheet
• What are vanity rates and how to deal with them
• Using the spreadsheet to take advantage of market inefficiencies
• Use the spreadsheet to automatically calculate simple and compound rates of return for various mortgage buy downs
• Comparing the return in dollars for putting more down or buying down mortgage interest rates
• Including improved equity growth in our comparisons
• When you should not buy down your mortgage
• How to determine if you should buy down your mortgage interest rate or pre-pay PMI instead
• Plus much more...

Check out the video and additional resources related to Secrets of Buying Down Mortgage Interest Rates.

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

Learn the secrets of comparable sales to determine property value in New York.

This class is Module 33 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include:

• How do you know if you’re paying a good price for a property you’re buying (not too high)?
• How do you know if you’re getting for a good price for a property you’re selling (not too low)?
• Why use comparable sales to determine a property’s value
• What makes a property comparable?
• What are the most important factors for finding true comparable properties?
• How do you find comparable sales to use?
• How to use sold comparable sales and how to use active for sale properties when doing comps
• What range of square footage should use for comparable sales?
• How do you deal with outliers?
• What should you use for proximity when determining comps?
• How do you compare properties of different types or styles?
• How do you deal with the age of a property for comps?
• Narrowing the net to come up with a handful of really good comps
• Addressing your current competition in actively listed, comparable properties
• Reconciling asking price versus sold price
• Why and when you might want to get access to the MLS
• A warning when you can’t find many comps
• What are the value of upgrades when comparing properties?
• What is so important about market-based adjustments?
• Stable markets versus changing markets: how far back should you go for sold comps?
• Comping income properties versus owner-occupant properties
• List of websites to get free comps from
• How accurate are automated valuations (like Zillow, Redfin, etc)?
• Determining value and comparable sales
• Walking through a property’s value on the free comp websites as an example
• A tool for plotting square footage versus price to determine your property value
• The importance of buyer’s eyes as the final step when determining price
• Plus much more...

Check out the video and additional resources related to Secrets of Comparable Sales.

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