Overcoming Hurdles to Real Estate Investing - Part 2 of 6: Down Payments
Manage episode 339225081 series 3360843
By Real Estate Financial Planner LLC and James Orr and James Orr. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Most real estate investors in Charlotte, North Carolina face similar challenges, hurdles and obstacles:
- Where do I get my next down payment from?
- How do I overcome negative cash flow or improve the cash flow I have?
- How do I qualify for the best loans?
- How do I find what I'm missing (deals, dream team, partners, tenants)?
- How do I commit to achieving my real estate goals, get the courage to act despite fear, gain the capabilities I need or eliminate fears?
This class is broken up into 6 parts (published as separate episodes).
Topics discussed in this part include:
Part 2 of 6: Down Payments
- Strategies to reduce the need for down payments and strategies to produce down payments, closing costs and reserves
- How to reduce the need for down payments
- No Down Payment Loans
- Creative Financing
Plus these sources of down payments:
- "Investment Cards" (aka Credit Cards)
- Security Deposit
- Maintenance Reserves
- Property equity (sell, refi, pledge)
- Depreciation (and other delayed taxes/refunds)
- Retirement Account
- Family Members (Legacy Nomad™ or Nomad by Proxy™)
- Sell stuff you don’t need or want
- Saving
- Partnering
- Rents (including House Hacking)
- Lease-Option Fees
This class was recorded to help real estate investors overcoming the hurdles, challenges and obstacles they face.
Watch the video version of this class:
https://realestatefinancialplanner.com/overcoming-hurdles-to-real-estate-investing/
Additional Classes Mentioned
The following are additional classes mentioned in the recordings:
- How to Improve Cash Flow Workshop - Learn how to reduce expenses and increase income to improve cash flow on your rental properties with this workshop.
- How to Get Down Payment - Learn more about how to get down payments in this full class on this topic.
- Financial Mindset and Overcoming Fear - Learn how to get the right financial mindset and overcome fear in this special class on the topic.
- Real Estate Investor Financing - Learn about how to finance investment properties in this special class updated during COVID-19.
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 Charlotte real estate investor podcast? Book a free consultation to discuss.
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