Secrets to Getting Your First Deal Done

Secrets to Getting Your First Deal Done

Update: 2025-01-10
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Learn the secrets to getting your first real estate investment deal done in Knoxville.



This class is Module 17 of 46 in a series called Real Estate Investing Secrets.



Topics covered in this module include:




  • A 90-day plan to buy your first rental property.

  • Why there is nothing difficult to do in the real estate investing business and why it is really all about 1 critical skill that anyone can acquire regardless of age, gender, race or income.



The resources you need—and we provide as part of the course—for:




  • Determining your real estate investing strategy

  • Understanding your market

  • Managing your rental properties

  • Setting up your asset protection plan with your attorney

  • Achieving financial independence and catching up on saving for retirement

  • Selecting your key dream team member who will refer you to your other dream team members

  • Who should be part of your dream team and why

  • Coming up with or eliminating the need for a down payment

  • The Core Skills required for real estate rentals

  • Financing your rental properties

  • Comparing lenders and mortgages to find the optimal financing for you and your strategy

  • Buying down mortgage interest rates to improve cash flow

  • Understanding the four primary returns on rental properties and the secondary return

  • Analyzing rental properties using The World’s Greatest Real Estate Deal Analysis Spreadsheet™ including single family homes, condos, townhomes, duplexes, triplexes, fourplexes and commercial properties with 5+ units

  • Minimizing rental properties expenses and maximizing rental property income to optimize cash flow

  • Understanding the paperwork to buy and sell real estate

  • Completing your inspection, due diligence and appraisal while under contract to buy the property

  • Understanding and optimizing insurance for your real estate business

  • Determining if you’re over-paying for a property or if you’ll get the price you expect when selling a property

  • Understanding the silent killer of rental properties and how to avoid it

  • Buying a new construction property as an investment

  • Setting up and managing your bookkeeping and accounting for your rental property and real estate investing business

  • Understanding the risks associated with investing in real estate and to how to mitigate some of the risks and completely eliminate some of the other risks

  • Evaluate whether you should sell or refi a property you own using return on equity

  • Deferring taxes on property sales using a 1031 tax-deferred exchange

  • Minimizing and optimizing taxes as a real estate investor

  • Achieving financial independence using real estate

  • Plus much more...



Check out the video and additional resources related to Secrets to Getting Your First Deal Done.



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

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Secrets to Getting Your First Deal Done

Secrets to Getting Your First Deal Done

James Orr