In this special class on How to Buy a Rental Property you’ll learn:
- An entire overview of the buying process for buying a rental property
- Learn exactly what James discusses with folks meeting with him for the first time to discuss buying/selling a property
- What James typically gives to buyers at the first meeting including *The World’s Greatest Real Estate Deal Analysis Spreadsheet™*
- What is an Exclusive-Right-To-Buy Listing Contract and how do they work?
- Why you may want the ability to terminate the agreement and a recommended way to structure that
- When does your agreement end?
- Different ways to pay your real estate agent/broker... when it is due and why it is not always the same
- What if a brand-new agent and super-experienced agent cost the same?
- What is a holdover period and how it can bite you in the hind-quarters
- The "inside scoop" on real estate agents and kickbacks for recommending/referring you to other providers
- What if your real estate agent/broker poops the bed and fails to perform?
- Who pays for what... costs of the transaction
- Keeping your identity secret
- Attorney's fees and what happens when poop hits the fan
- The real-world pros and cons of working with one real estate agent/broker versus many
- Who does what in the transaction... a list of the key players and their roles
- Building your team for acquiring your next deal and some suggestions
Plus info on setting goals, financing properties, receiving property lists via the MLS, establishing your buying criteria, analyzing deals, writing offers, comparing lenders, earnest money, down payments and much, much more.
For detailed outline and downloadable resources see:
https://realestatefinancialplanner.com/how-to-buy-a-rental-property/