Analyzing Rental Properties

On this episode of The James Orr Show you will find:

• To start of the show, James gives an update on the status of the Thursday and Friday episodes of The James Orr Show. He also reminds listeners that you can find the previous fifty episodes of The James Orr Show on iTunes available as a podcast.
• Next, James points newer listeners to the new real estate entrepreneurs resources, which include many articles, videos, and free downloads.
• After the updates and reminders, James reveals the new Affirmation for the Day, and explains why it is so important.
• After the affirmation, James begins to answer listener questions.
• The first question James answers is about deal analysis, and James talks about factors that make deals better or worse. He also discusses vacancy rate, which affects certain aspects of the deal. After discussing the factors that affect deals, he goes over how to price rent, and what to worry about as far as maintenance costs.
• Next, James discusses bird dogging and wholesaling. He talks about meeting with sellers through an agent and doesn’t recommend it.
• James also talks a little bit about the hierarchy of work. Bird Dogging makes less money and needs less work. Wholesaling is more work for more money. And selling houses is the most work for the most money.
• Near the end of the show, James talks about his new folder system with Dropbox, talks about how useful it is, and suggests listeners to use it in their business.
• To end the show James reminds everyone that he will be “starting over” after the 50th episode of The James Orr Show.

This show is now available as a digital download: The James Orr Show – Episode 2010-07-26 or get access to all future live episodes, consulting during the calls and many of the previously recorded episodes as an Inner Circle Member.

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