Buy & Hold Day 1

Make your Long-term property investments more lucrative with the right property, exit strategy and transaction control.

42
Hrs
Mins
Secs
06
28
31
Segments Duration
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INSTRUCTOR

Chris Wilson

Chris Wilson is a real estate investor and a licensed real estate agent with more than 30 years of experience! His businesses specialize in fix and flip, property management, wholesaling, land-lording and traditional real estate services. He has found success in residential, land and light commercial real estate transactions. He loves speaking and is willing to share his extensive wealth of knowledge with you, allowing inexperienced investors to benefit from his financial success!

Description:

The Buy & Hold investment strategy will benefit both new and seasoned Real Estate Investors. Analyze and know when it is appropriate for a potential investment to be added to your long-term investment portfolio or whether it should be flipped, wholesaled or avoided completely. Learn how to differentiate between available funding options for specific properties and how to identify the cash flow variables and potential obstacles of each. Exit strategy is key, and this course will help you know yours before you purchase that investment property, even when you plan to keep it. Learn how to adjust your acquisition and negotiation strategies for investment properties located in Mortgage States vs. Deed of Trust States, and learn what title insurance does and does not protect.  Review the closing documents and other paperwork that is utilized in every transaction and is key to your investing success.

  • 01

    Pre-Assessment

    This Pre-Assessment is to raise awareness of your current knowledge level and give you a glimpse of the information covered in this course.

  • 02

    A Legacy of Land Lords and Class Expectations

    The first day of this class will cover acquiring a property (the 'Buy' in Buy & Hold). Our instructor also brings up recent legal issues, regulations and how court decisions affect landlords.

  • 03

    Money Today Appreciation Tomorrow

    We dive into the similarities and differences of buying a house to hold and one to sell.

  • Show all 42 segments

    • 04

      Instructor Background

      Chris began with an 8-unit apartment complex. He shares what he learned from that experience and discusses the pros and cons of landlording multi-family units.

    • 05

      Basic Terms and Market Fluctuations

      Chris explains some of the terminology involved, the effects of interest rates and fluctuations in the real estate market.

    • 06

      Housing Supply

      Buying newly built houses may be a better fit for you than buying and rehabbing an older home. The trick is owning real estate that people really want to rent.

    • 07

      Stabilizing the Market

      How is Microsoft like the housing industry? In this segment, Chris discusses stabilizing a housing market and the importance of knowing your local market.

    • 08

      Rent Control

      Learn about the effects of the government regulating rental prices and minimum wage.

    • 09

      How Do I Build a Portfolio?

      Chris covers the necessity for balancing leverage and cash-flow when investing in real estate. Leveraging is a powerful tool, but it is not always the best solution.

    • 10

      Marketing Cycles and Rent Control

      The instructor answers a class question and returns to the topic of how governments seek to improve marketing cycles through rent control.

    • 11

      Course Outline and the History of Buy and Hold

      Most people were renters until housing programs and assistance was introduced and offered to the public in the 50's.

    • 12

      Buy and Hold at Any Age

      With an example from his past, Chris introduces a discussion of the benefits of Buy & Hold.

    • 13

      Do You Have What it Takes to Be a Landlord?

      There are some challenges and some characteristics that make it difficult to be a successful and profitable landlord.

    • 14

      What is a 'Buy and Hold' Strategy?

      Chris begins with a textbook definition and then expands on needs and opportunities involved with this strategy.

    • 15

      When You Meet Your Needs

      We each have ever-changing needs, from time to location and relationships to medical. Learn how Chris adjusts his investments to meet his needs.

    • 16

      Setting Expectations as a Landlord

      Why would a landlord evict a brand new tenant for being short a few dollars? Our instructor explains his philosophy and methods for dealing with tenants.

    • 17

      Staying Current and Active

      Laws and regulations can change overnight, at the local, state and federal level. Knowing those rules and being involved in your community is vital for a landlord.

    • 18

      The 4-Plex Scenario

      The realities of costs and profits are calculated and discussed to debate which rental properties are likely to be the best investment.

    • 19

      The Condo Scenario

      Learn why a 12-unit building fills the "Magic Math" need and why a condo is generally not the most profitable real estate option.

    • 20

      Other Scenarios and an Emergency exit strategy

      Having an emergency exit strategy is vital! Know what you're going to do in a long-term situation, plan ahead for maintenance and know your real costs.

    • 21

      Where Do I Find a Property?

      Chris shares a great list of what makes an "Ideal" rental property and how to locate one in your local market.

    • 22

      Where Do I Find a Property? Part II

      The continuation of his list leads to discussion about "tenant friendly" and "landlord friendly" areas.

    • 23

      Your Plan and Scope

      The instructor asks the class "Why are you becoming a landlord?" and the answer determines what real estate you can and should purchase.

    • 24

      Location Growth and Value

      Chris suggests clustering your real estate purchases. Learn what he means and how location can drastically change the value of your purchase.

    • 25

      Investing Experience According to Circumstance

      A personal example demonstrates how investing opportunities can be unplanned and surprising, while still being lucrative.

    • 26

      Catering to Opportunity

      Another example is shared of an unexpected investment opportunity.

    • 27

      Property Classes, Contracts and Home Value

      Though all property classes can be worthwhile investments, Chris explains his preferences. He also covers purchase contracts the use of comps to determine the value of a property.

    • 28

      Non-reliable Sources

      Chris shares his reasoning behind the resources he avoids and clarifies his inclusion of "the internet."

    • 29

      Determining Rent

      Which tools can you use to choose the best rental price for your unit? Chris shares his favorites and some basics for making investment decisions.

    • 30

      Worst Case Scenarios and Cost Analysis

      Dive into the details of the formula Chris uses to analyze his possible real estate investments.

    • 31

      Price-to-Rent Ratio

      Learn why banks care so much about this calculation and why it isn't the best indicator of your profit.

    • 32

      Cash on Cash Return and the Gross Rent Multiplier

      Chris explains these formulas and shares why, when used alone, they can be very misleading.

    • 33

      Calculation Recap

      Our instructor reviews the formulas he's used to consider different values and purchase offers.

    • 34

      Proforma

      This process can be used to examine a rental property and your personal goals, and then create a corresponding business model.

    • 35

      Market Action and Reaction

      Chris discusses the current real estate anomaly compared to historical tendencies.

    • 36

      Cash on Refinance and Traditional Financing

      There are several options to consider when you are considering funding for your real estate purchase, including VA loans and Insurance loans.

    • 37

      Non-Traditional Financing

      Self-directed IRAs, lines of credit and partnerships are some of the funding options discussed in this segment.

    • 38

      Property Insurance and Warranties

      Learn which types of insurance you need to acquire for your rental properties and what reasonable costs you can expect.

    • 39

      Closing and Title Policies

      Chris goes over the documents and policies you should have for closing, including the Title policy.

    • 40

      Alta Settlement Sheet

      Know what numbers to check and which parts of the settlement sheet may need correcting, especially the fees.

    • 41

      Getting Rent Ready

      What should be on your To-Do list after you've closed on your property? In this segment, Chris shares what he does to be prepared for renters.

  • 42

    Post-Assessment

    This Post-Assessment is to measure your increased knowledge and see how much information you have retained from the course.