Buy It, Rent It, Profit Masterclass

PART I: You Can Build Wealth Through Real Estate
Welcome
About Your Instructor
Download Your BRP Masterclass Workbook
Setting Your Goals
PART I: You Can Build Wealth Through Real Estate
Invest In Yourself
6 Topics
The Importance Of Wealth
Wealth Is Freedom
You Can Have It All Within Reason
Single Family Homes vs Multifamily Residences
Rich vs. Wealthy
The Five Controls of Real Estate Investing
Buy It, Rent It vs. Fix It, Flip It
7 Topics
Why Fix It and Flip It Fails
What Happens When Fix It and Flip It Fails
Why Not Invest In Stocks?
The Advantages of Long-Term Rental Property Investment
Take Charge of Your Financial Destiny
The Importance of Systems
Seven Disciplines To Success
The Seven Keys To Becoming A Successful Apartment Investor
3 Topics
The Seven Keys To Becoming A Successful Apartment Investor
Getting A Good Deal
Top Ten Pitfalls All Landlords Face
PART II: Investing In Rental Property
Where Should I Buy A Rental Property
9 Topics
Learn About Prospective Tenants
Know Your Asset Classes
SEOTA Defined
Step One: Find Your Target Area
Step Two: Narrowing Your Focus To Find The Right Property
Step Two: Additional Factors
Step Three: Examining The DNA Strand Of A Property—The Beginner’s Safety Net
Key DNA Terms And Formulas
Market Analysis
How Do I Get The Best Deal On A Property?
8 Topics
How To Be A Master Negotiator
Keys For Negotiating
Maximize Income, Minimize Expenses
Letter Of Intent (LOI)
Letter Of Intent (LOI): Possible Outcomes
Powerful Negotiation Techniques
SEOTA Process Part II — Due Diligence Process On Subject Property
Keys To Teamwork
How Do I Pay For It? Getting The Right Financing
8 Topics
Know Yourself And Your Bankers
Improving Your Credit: The Bank’s Perspective
Improving Your Credit: Credit Scores 101
Understand The Loan To Value (LTV)
How Interest Rates Are Set
Prequalifying Yourself
Types Of Mortgages Available
Know Your Exit Strategy
Lender Requirements And Mortgage Brokers
14 Topics
Finding A Lender And Your Loan Package
Lender Requirements
Debt Yield Requirement
Working With A Broker
The Loan Approval Process
The Appraisal Step
Environmental Report Phase 1
Survey
Finalizing Underwriting
Approval Committee
The Contract Phase
Key Contract Points
Purchase and Sales Agreement (PSA)
Property Condition Assessment (PCA)
Syndication
7 Topics
Syndication Underwriting And SEOTA
What Is Syndication
Finding Opportunities For Syndication
The Investment Memorandum
Equity Partners
Accredited Investors
Obtaining Funds And Maintaining Communication
Are Foreclosures Too Risky
3 Topics
Introduction To Foreclosures
What To Look For In Foreclosed Property
Foreclosure Basics
Establishing Your Company And Property Management
6 Topics
Entity Formation
Separate Roles vs. Waterfall Structure
Property Management Agreement And Fees
The Joint Venture Operating Agreement
Management Plan
Sale of Property
PART III: Landlording Essentials
11 Topics
Readying Yourself To Rent: Important Questions
Be Contact-Ready
7 Keys To A Successful Phone Call
Showing Your Unit And Closing The Deal
Leasing Toolkit
Showing Your Unit And Being A Leasing Megastar
Showing Your Unit: Safety
The Application Approval Process
The Fair Housing Act
Fair Housing Act: Occupancy and Pets
Preparing For Move-In
When Can They Move In? Understanding The Basic Components Of A Lease
11 Topics
Tenant Relationship
The Move-In Meeting
Lease Review
Terms Of The Lease
Finances
Legal Issues
Occupancy and End of Occupancy
Additional Components Of A Lease
Move-In Inspection Form
Tenant File Organization
Follow Up
What Do I Do When My Tenants Break The Rules?
7 Topics
How To Collect Rent
Late Rent
Delivering A Notice
Returned Checks
Rules Violations
Lease Violation Notices
Gaining Entry Into A Tenant’s Unit
How Do I Move My Tenant Out? Ending The Lease Term
8 Topics
Renewing A Lease
The Art of the Rental Increase
Month-to-Month Leases
Move-Out
The Security Deposit—What To Take And What Not To Take
Steps For Eviction
Tips for Eviction
Abandonment
Maintenance: Inspect What You Expect
8 Topics
Maintenance Overview
Keys To Excellent Maintenance
Preventative Maintenance
Readying A Unit For Tenants
Key Control
Working With Vendors
Working With Vendors: Job Specs and Contracts
Due Diligence Inspection
PART IV: Building Wealth Through Real Estate
The Tech-Savvy Investor
1 Topic
Apps and Services
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SEOTA Defined

Buy It, Rent It, Profit Masterclass Where Should I Buy A Rental Property SEOTA Defined
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SEOTA stands for the Strategic Evaluation of a Target Area, a step- by- step process for evaluating a property and determining if it’s a good investment for you. A thorough Strategic Evaluation of a Target Area (SEOTA) analysis will allow you to look at key demographic and economic indicators that reveal whether or not an area is worth investing in.

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