If you're going to manage properties yourself in Fargo, you're going to need to know how to do the marketing to find tenants. This class is Module 3 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: The 6 “Property Management Mastery” modules included with this course. How to change your thinking about r…

Having a solid understanding of historical market stats is important for investing in real estate in Fargo. This class is Module 2 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: Should you try to “time the market” using data to increase profitability? How much are properties selling for? Do property v…

If your house is already spotless, you can skip this podcast. ;) But if you're like the rest of us, just managing day by day, here's 8 sneaky spots to spruce up - particularly helpful if you're selling your home.על ידי Podbean

Having a deep understanding of the 7 key real estate investing strategies is critically important for your success as a real estate investor in Fargo. This class is Module 1 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: The 7 ways to invest in real estate… plus 2 more bonus strategies that we don’t c…

We really think sometimes the hardest part of doing something once a year is just remembering to do it! So, here you go: We've put together the TOP 9 Honey Do List Items related to home care, maintenance and safety that need to get Honey-DONE each and every year.על ידי Podbean

There's a risk to just about everything in life... including investing in real estate. One risk that some real estate investors fear is the risk of buying a property having missed important, expensive issues with the property during the inspection period. In this class, James will discuss the risk of investing in real estate and specficially the ri…

If you're going to put less than 20% down when buying a property, the lender is likely to require that you pay private mortgage insurance (PMI) to protect them in case you default on the loan. This usually applies to Nomads™, house hackers, and investors putting 15% down to acquire non-owner-occupant properties. There are 3 ways to pay PMI: Monthly…

There's a risk to just about everything in life... including investing in real estate. One risk that some real estate investors fear is that rising mortgage interest rates will: Increase their mortgage payment and therefore hurt cash flow, or The rising mortgage interest rates will lower affordability and demand for properties, and therefore the va…

In this special class about the dangers, risks and warnings of investing in real estate: The #1 fear that keeps potential landlords and new real estate investors up at night! Expert insights on why this fear is more common among inexperienced landlords and investors in challenging real estate markets. Real-life horror stories of tenants causing sig…

Interested in learning how to analyze deals using The World's Greatest Real Estate Deal Analysis Spreadsheet™? Specifically, do you need to know how to analyze a deal purchased with an interest-only loan? In this special deal analysis, you will: Discover the secret strategy for analyzing the purchase of a rental property with an interest-only loan …

Life has risks. Investing adds new risks. Investing in real estate adds new risks specific to real estate investing. One risk that is unique to real estate investing is the risk of buying a stigmatized property or having a property become stigmatized while you own it. In this class, James will: Uncover hidden gems in the real estate market and turn…

Real Estate Investing Through Massive Foreclosure Periods Join us for an exclusive episode of the REFP podcast, focusing on "Real Estate Investing Through Massive Foreclosure Periods." In this enlightening episode, you'll dive into the following insights: Discover the secret to making money during economic downturns, a strategy that can set you apa…

Deal Alchemy™ - Debt Paydown to Cash Flow Join us for an exciting and enlightening class with James Orr as he delves into the fascinating world of Deal Alchemy™. In this class, listeners will discover a surprisingly powerful strategy that has the potential to drastically improve cash flow on rental properties. Whether you're considering buying a ne…

Tax Deductibility of PMI Payments Are you an owner-occupant puzzled by the ever-changing rules around PMI (Private Mortgage Insurance) deductibility? Or perhaps an ambitious real estate investor, hungry to maximize your deductions and supercharge your profits? Then this class is your golden ticket to the world of tax wisdom! Join us for an exhilara…

Functional Obsolescence Unveiled: The Silent Value Killer in Real Estate Investments—and How to Defeat It! There's a often overlooked risk of investing in reale state: obsolescence. Whether we're focused on properties that are or will become functionally obsolete or drift directly into economic or physical obsolescence... these are real-world risks…

How to Analyze an All-Cash Rental Property Purchase Deal analysis is important. Learning how to analyze deals is a critical skill for all real estate investors, whether you're financing 100% of the purchase or buying a property without a loan at all and paying all cash. In this class, we will look at how deal analysis changes when you plan to buy a…

Staging is an essential step in getting a home ready for the market. In this episode, we're diving into the must-do baby steps every seller needs to snag top dollar for their home. Tune in!"על ידי Podbean

How Return on Investment Changes Based on Credit Score With PMI Does your credit score really matter when you're buying rental properties? Sure, your credit score impacts the mortgage interest rate you can get with traditional mortgages. And yes, your credit score affects how much private mortgage insurance (PMI) will cost. Your credit score can al…

So, are you stressing out over higher mortgage interest rates and properties not cash flowing as well as they used to, or in some markets, not having positive cash flow at all... even with 25% down? What's a real estate investor seeking financial independence to do? In this class, we will compare two strategies. In both strategies, you first buy an…

So, you're considering Nomading™. Excellent! But as you dig into the details, you may wonder what the impact would be if you chose to buy a more desirable, higher quality, but maybe less optimal property at full price (without a discount), versus focusing on finding a slightly less desirable, slightly lower quality, but slightly more optimized rent…

Deal Alchemy™ - Black Box Cash Flow Deal Alchemy™ is all about manipulating returns to get the returns you desire most. One variation of Deal Alchemy™ has you think about your rental property investment as a black box. You put money into the black box, some magical things happen over the next few years and out pops profit which you can spend like c…

Warning - Risks of Rental Demand Declining When Investing in Real Estate Risk, risk, risk... Life is full of risks. To a limited degree, we get to choose which risks we voluntarily take on. For example, if you choose to invest in real estate, you choose to take on some additional risks that you might not—directly—face if you opt to invest in someth…

Private Mortgage Insurance Myths Reputation can be a challenging thing. I have found, through many conversations with clients over the years, that Private Mortgage Insurance (PMI) has a questionable reputation with home buyers in general and investors in particular. However, much of its reputation is based on half-truths, bad information, lies, and…

Join the Midwest Invest Report Newsletter for free: https://midwest-invest-report.beehiiv... Mike & Kyle break down the specifics of how a rate buydown actually works. Mike Boyle at Canopy Mortgage: https://canopymortgage.com/lo/mikeboyle/ Don't miss our other episodes: 013 - May Market Update, Using Days On Market to Find Deals, & REI Meetup Notes…

Warning - Risks of Neighborhood Decline When Investing in Real Estate Everything in life has risks. Not investing adds certain types of risks, while investing adds other risks. One risk that some real estate investors face is the possibility that the neighborhood they're investing in will decline, causing values and/or rents to drop. So, how do we …

Subscribe to the Midwest Invest Report NEWSLETTER and unlock key insights the Fargo/Moorhead real estate market. https://midwest-invest-report.beehiiv.com/subscribe Summary In this episode, Kyle discusses the May market conditions in Fargo, Moorhead, and West Fargo. He highlights the two different real estate markets within the area based on price …

How to Analyze a Duplex Some real estate investors are sensitive to their ability to get ten 30-year fixed rate financing loans and would prefer to fill those loan spots with larger purchases than just single family rental homes. One way to do that is to buy more expensive properties like duplexes, triplexes or fourplexes. In this class, James will…

How to Calculate PMI If you're a house hacker, Nomad™, investor buying properties with less than 20% down, or buying creatively where the seller has PMI, you'll want to make sure you know how to analyze deals that have Private Mortgage Insurance. In this mini-class, James will cover how to analyze deals that have PMI, with an emphasis on doing it u…

Subscribe to the Midwest Invest Report NEWSELETTER and unlock key insights the Fargo/Moorhead real estate market. https://midwest-invest-report.beehiiv... Summary In this conversation, Kyle Reedstrom discusses the idea of the new 1% rule in real estate investing and the importance of finishing unfinished space in homes. He also recommends a book ca…

In many cases—not all, but many cases—real estate investors can speed up the time it takes to become financially independent by choosing to pay off the mortgages on their properties early. Sometimes it makes sense to take every extra dollar beyond a healthy amount of reserves and aggressively pay off properties as quickly as possible. Other times, …

Do you wonder how you'll know you've found the "right" home for you? If such a big decision gives you anxiety, you're in the right place! Listen in to our clues for determining if you've found the perfect house to call home.על ידי Podbean

Deal Alchemy™ - Residential vs Commercial Property Deal Alchemy™ is all about manipulating the returns you're earning on your investments. Often, this is done through the choices we make when selecting the investment property and the strategies we choose to implement. For example, you could choose to invest in residential properties where your tena…

Subscribe to the Midwest Invest Report NEWSELETTER and unlock key insights the Fargo/Moorhead real estate market. https://midwest-invest-report.beehiiv.com/subscribe Summary In this episode of the Midwest Invest Report, host Kyle Reedstrom discusses the possibility of Fed rate cuts and how they may impact real estate investing. He also shares three…

Warning - Risks of Loan Called Due When Investing in Real Estate Investing in real estate adds some risk to an already risk-filled life. However, certain activities and strategies when investing in real estate create additional risks that other strategies and activities do not have. For example, choosing to utilize strategies where the lender has t…

Subscribe to the Midwest Invest Report NEWSELETTER and unlock key insights the Fargo/Moorhead real estate market. https://midwest-invest-report.beehiiv.com/subscribe Welcome back to the Midwest Invest Report. In today's video, we dive deep into the essentials of securing loan approvals, understanding deal analysis fundamentals, and optimizing your …

How to Analyze Buying a Rental Property at a Discount in Fargo Some real estate investors insist on only buying properties where they can purchase them at a significant discount. While not mutually exclusive, other investors insist on buying quality properties at a fair price as long as it gets them their desired returns and will stand the test of …

Subscribe to the Midwest Invest Report Newsletter Today: https://midwest-invest-report.beehiiv.com/subscribe Summary In this episode of the Midwest Invest Report, Kyle Reedstrom discusses the controversy surrounding real estate agent commission and the importance of offering buyer agent commission. He shares a story about a listing that didn't sell…

Curious about the current real estate market buzz? Dive in to our top 5 updates for the spring real estate market 2024.על ידי Podbean

How to Calculate PMI If you're planning to buy a property and put less than 20% down, you're likely to be required to pay Private Mortgage Insurance. Lenders prefer that you put at least 20% down, but if you insist on putting less than 20% down, they may still make the loan. However, they will usually do so at a slightly higher mortgage interest ra…

Subscribe to the Midwest Invest Report and unlock key insights the Fargo/Moorhead real estate market. https://midwest-invest-report.beehiiv.com/subscribe Summary In this episode of the Midwest Invest Report, Kyle Reedstrom discusses the benefits of condos over single-family homes in the Fargo Moorhead market. He explores the lower maintenance, amen…

There are a large number of investing strategies you could pursue as a real estate investor: Nomad™, house hacking, fix and flip, buying 20% down rentals, buying 25% down rentals, saving up to buy free and clear rentals and many, many more options. Which is the best? Which gets you to financial independence fastest? Which gives you the highest net …

Subscribe to the Midwest Invest Report and unlock key insights the Fargo/Moorhead real estate market. https://midwest-invest-report.beehiiv.com/subscribe In this episode of the Midwest Invest Report, Kyle discusses escalation clauses in real estate, the importance of understanding insurance, the difference between captive and independent insurance,…

Subscribe to the Midwest Invest Report and unlock key insights the Fargo/Moorhead real estate market. https://midwest-invest-report.beehiiv.com/subscribe In this episode of the Midwest Invest Report, Kyle discusses the twin home market in Fargo-Moorhead and the costs involved in getting a house hack. Takeaways - The twin home market in Fargo-Moorhe…

Deal Alchemy™ - Increasing Down Payment There are four primary returns from investing in rental properties: appreciation, cash flow, debt paydown, and the tax benefits of depreciation. Additionally, there is a secondary return in the form of the interest earned on the reserves required to make the investment in the first place. Many real estate inv…

Warning - Risks of Rental Property Expenses When Investing in Real Estate Risk is all around us. When we choose to invest in anything, we’re choosing to take on the additional risk characteristics of that investment. For example, when we choose to invest in real estate, we choose to take on the risk characteristics of the specific real estate inves…

Subscribe to the Midwest Invest Report and unlock key insights into your real estate market. https://midwest-invest-report.beehiiv.com/subscribe Navigate interest rate expirations, identify BRRR (buy, rehab, rent, refinance, repeat) opportunities, and dive into the ROI of home improvements on this episode of the Midwest Invest Report Podcast with K…

How to Analyze a New Construction Single-Family Home Property in Fargo Your ability to analyze deals is arguably the most important skill as a real estate investor. It allows you to make smart investment decisions and helps you avoid making career-ending bad decisions, such as buying cash-flowing-sucking vampire properties. In this class, James wil…

Get your copy of the Midwest Invest Report Newsletter: https://midwest-invest-report.beehiiv.com/subscribe Learn how to successfully generate positive cashflow via house hacking in the Fargo/Moorhead area with Kyle Reedstrom on the Midwest Invest Report. Quick deep dive into how special assessments affect your property. Kyle delivers the exact stra…

The 3 Strategies to Pay Private Mortgage Insurance (PMI) Whether they're putting 15% down and buying a non-owner-occupied property or utilizing an owner-occupied loan with 0%, 3%, 3.5%, or 5% down for Nomading™ or house hacking, some real estate investors will choose to put less than 20% down. With the decision to put less than 20% down comes the c…

Get your copy of the Midwest Invest Report Newsletter: https://midwest-invest-report.beehiiv.com/subscribe Dive into the heart of the Fargo/Moorhead real estate market with Kyle on the Midwest Invest Report. Uncover the secrets of house-hacking duplexes and discover the game-changing perks of renting to own. Kyle spills the beans on the crucial fou…