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

Huntington Beach Real Estate Investing & Real Estate Financial Planning™ Podcast

Most real estate investors in Huntington Beach, 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

Plus these 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

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.

Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

https://RealEstateFinancialPlanner.com/spreadsheet