Overcoming Hurdles to Real Estate Investing - Part 1 of 6: Introduction

Los Angeles Real Estate Investing & Real Estate Financial Planning™ Podcast

Most real estate investors in Los Angeles, California 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 include:

• Part 1 of 6: Introduction
  • What's preventing you from achieving your real estate goals? For this class, I break it down into 5 major categories
    • Coming up with Down Payments (including closing costs and reserves)
    • Overcoming Negative Cash Flow
    • Qualifying for Loans
    • Finding What's Missing
    • Inner Game
• Many of these topics have been their own 2-hour classes by themselves (and I'm sure I'll revisit them in the future)
  • Riddle of the farmer, chicken, bag of grain and fox: sometimes the solution to your challenges are not linear or obvious
  • Often times there is more than one solution/challenge
  • Will these solutions work for me?
• 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
  • 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
• Part 3 of 6: Negative Cash Flow
  • Cash Flow = Income - Expenses
  • Reduce expenses and produce more income
  • Lowest Monthly Payment Guarantee™
  • Maximum Cash Flow Guarantee™
  • Strategies to Reduce Monthly Payments with Your Lender
  • Strategies if You Own Other Property
  • Strategies When Searching for Homes
  • Strategies When Making Offers
  • Strategies When You Own/Manage Properties
  • Strategies to Maximize Income
• Part 4 of 6: Qualifying for Loans
  • Overcoming Income Challenges (and Debt-To-Income) to Qualify for Loans
  • Overcoming Credit Challenges to Qualify for Loans
  • Overcoming Loan Spot Limitations for Getting Loans
• Part 5 of 6: Finding What You're Missing
  • Finding Deals
  • Building a Dream Team to Support You
  • Finding Partners
  • Finding Tenants
• Part 6 of 6: Inner Game
  • Making a Commitment to Being Successful
  • Finding Courage to Follow Through on Your Commitment
  • Building the Skills and Capabilities to Be Successful as a Real Estate Investor
  • Overcoming Fear
• Plus much more

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 Los Angeles real estate investor podcast? Book a free consultation to discuss.