Secrets to Improving Cash Flow

In this module (26 of 46 in the Real Estate Investing Secrets course), you will learn:

• The 7 stages we can improve cash flow during as real estate investors.

How to improve cash flow:

• When selecting a real estate agent/broker

• Locking/floating your mortgage interest rate

• Searching for less expensive properties

• Searching for pretty properties that don’t need work

• Searching for properties and negotiating for seller concessions

• Searching for properties with creative financing

• When selecting a lender/mortgage broker

• When selecting a loan based on closing costs

• Offering less than list price when buying properties

• Paying for closing costs upfront instead of financing them

• Pre-paying Private Mortgage Insurance (PMI) instead of paying it monthly

• Getting a staggered rate mortgage

• Buying down your mortgage interest rate

• Improving your credit score

• Adding a strong borrower to the loan

• Removing a weak borrower from the loan

• Getting a loan partner

• Signing up for auto-pay

• Having additional accounts or relationship with your lender

• Changing the amortization of the loan including interest only loans, negative amortization loans

• Improving your interest rate from changing loan durations

• Extending the repayment period

• Changing the amount borrowed

• Changing your loan-to-value of the mortgage

• Accepting an adjustable-rate mortgage

• Eliminating PMI

• Pre-paying PMI

• Utilizing a rate and term refinance before acquisition

• Doing a cash out refi to buy/refi a property

• Paying cash for a property instead of financing it

• When getting private or creative financing

• Formally assuming a mortgage

• Changing the term of the lease

• Utilizing lease-options

• Niching down and catering to a specific group of tenants

• Utilizing roommates, renting by bed/bedroom and/or renting by parts

• Subdividing the property

• Upgrading the property

• Installing solar

• Furnishing the property

• Converting the property to more optimal configurations

• Collecting improvement rent

• Optimizing the marketing of the property

• Maximizing exposure when marketing

• Improving your sales skills to tenants and tenant-buyers

• Optimizing showings

• Refinancing the property to extend term and/or improve rate

• Paying off the loan completely

• Correcting inaccurately assessed properties

• Voting to minimize taxes

• Shopping insurance rates

• Changing insurance coverages

• Changing who is insured

• Changing insurance deductibles

• Requesting PMI be removed

• Getting discount for auto-pay

• Getting discount for early payment

• Self-managing the property

• Hiring a professional property manager

• Managing your property manager

• Insisting on best property management practices

• Maintaining your property

• Using quality materials in your property

• Accelerating depreciation

• Offering additional paid services to tenants

• Offering done-for-them services to tenants

• Correctly billing back for services included

• Tiering rent by credit score

• Collecting pet rent

• Changing billing frequency

• Offering auto-pay

• Offering discount for early or on-time payments

• Insisting on ample notice of lease renewal

• Marketing early for next tenant

• Renewing leases during peak season

• Insisting on tenant’s having renter’s insurance

• Plus, much, much more…

Secrets to Improving Cash Flow

Here are the slides from the presentation for your convenience…