Nomad Classes

The following are links to the entire Nomad class library. Most classes are between an hour and two hours in length and go into tremendous detail about that aspect of the Nomad investing model.

Northern Colorado Real Estate Markets Stats

IMPORTANT: This class is primarily local Northern Colorado real estate market knowledge. Nomads in other markets should connect with your local real estate agent for local market stats.

Once every six months we pause and go over the state of our real estate market in detail. We look at a variety of charts and metrics to see what our real estate market has done historically over a long period of time, what it has done recently and what we think it may be doing in the future. We cover a variety of charts including sales price, sales price per square foot, days on market, discount (or premium) from list price, appreciation and, one of my personal favorites, months of inventory (also known as absorption rate). You’ll know more about our local market than a lot of local real estate agents after attending this class (and we tend to see quite a few real estate agents attend too for this reason).

Get Your First Deal Done

We will walk through the steps required to get your first deal done. This class is part motivation to get you to take action and part step-by-step action plan. You'll immediately find yourself in gear and ready to get your first deal done. We'll cover the steps for buying a Nomad home and some of the basics of the Nomad plan plus much more. This is a great primer or first exposure to Nomad and the buying process for first time home buyers and especially first time Nomad home buyers.

Financing Nomad 101

Learn the strategies for financing 10 or more Nomad properties including information on nothing down loan programs in this special financing focused class. Learn about the recommended priority of loan types when implementing Nomad. We'll go into detail about the characteristics of each loan type and how best to utilize those loans as a Nomad. We'll cover USDA, VA, FHA, conventional and portfolio loans as well as special rehab loans. We'll go over the importance of making a loan plan especially when you're going to do Nomad. We also provide a list of Mortgage Broker Interview Questions and much more.

Buying Process Overview for Nomads

Dig deep into the buying process from the first meeting with your real estate agent through post closing. Learn what you should do before you start looking at homes and what to do during showings. Plus, we'll discuss the offer writing process and what happens once your contract is accepted and you're heading to closing. It is like a first time home buyer class on steroids with an emphasis on buying as a Nomad.

Finding Properties for Nomads

In this special Nomad class we will talk about the types and characteristics of properties that make good Nomad properties. We'll go into detail about these traits and why we tend to prefer the traits we do. Then, we will drill down into how to find these specific types of properties with these special characteristics. We'll go into where you tend to find them and the process for finding them including some special search tools for selecting properties that would make exceptionally good Nomad properties.

Nomad 101: Nomad Frequently Asked Questions and Answers

Attend a special class of frequently asked questions and answers about Nomad. We’ll go over the most popular FAQs about the Nomad model that others have asked and encourage you to bring your own questions to get those answered as well. This is an excellent overview of the Nomad process, but we’ll also go deep into some of the nuances of implementing Nomad as well.

Analyzing Deals 101: an Intro to Cash on Cash Return on Investment

When selecting a property to buy as a Nomad, the importance of cash on cash return cannot be over emphasized. In this special class, we will go into step-by-step detail on how we analyze properties for cash on cash return on investment. Plus, we will cover how and why we do this for Nomad properties (which is a little different than buying traditional investment properties) including what you might expect to see for cash on cash return on investment.

Strategies to Get the Lowest Monthly Payment When Buying Real Estate

Nomads should be concerned with cash flow produced after they convert their primary residences to rental properties since they're often putting little or nothing down. A key factor in cash flow is the monthly payment you are making on your loan. So, in this special class, we will go into detail on a proprietary checklist James created for clients along with his Lowest Monthly Payment Guarantee™. Using the Lowest Monthly Payment Guarantee Checklist™ will help you minimize your monthly payment and therefore maximize your cash flow to help make the Nomad model easier and more profitable to implement.

How to Get Down Payment for Nomad

One of the key benefits of the Nomad investing model is that you can do it with little or, in some rare situations, nothing down. But little down still means you need to come up with a down payment. That's why we have an entire class that goes into detail on how to get down payments for Nomad. We will look at a variety of traditional and creative strategies for coming up with a down payment to purchase your first Nomad or subsequent Nomad purchases.

Looking at Houses

Learn about the process and best practices when looking at possible Nomad homes. In this special class we will dive into scheduling showings, the buyer tour, MLS sheets and actually looking at homes plus much more.

Making Strong Offers that Get Accepted

What are the factors that affect you getting your offer to buy a home accepted? In this special class, which is especially helpful for buying in very strong seller’s markets, we will go into the details you need to know to make the strongest offers that are most likely to be accepted by sellers.

Low Ball Offer Case Studies

Do low ball offers get accepted? You know that some do, but how frequently? What are the characteristics of the properties that have low ball offers accepted? In this special class we will look at detailed, data-backed information about low ball offers. Then, we will look at a handful of case studies of actual properties that closed with a price that was significantly below list price to find out what about the properties may have contributed to them accepting low ball offers. Prepare yourself to be amazed at what you learn.

Contract to Close

Congratulations! You've had your contract accepted to purchase a Nomad property. Now what? That's what we will cover in detail in this class. Everything from earnest money through inspection, loan approval and much more.

Seller's Property Disclosure Case Studies

What do sellers typically disclose to buyers when selling a property? What might you expect to see on a typical seller’s property disclosure on a home you’re buying? Join us for a special class where we look at some unusual and rare seller property disclosures and some of the more common varieties as we look through a handful of actual seller property disclosures as case studies.

Negotiating Win-Win Inspections for Maximum Benefit

So you've had your home inspector go out and inspect the property and you've found some things that you did not know about when you wrote your offer. Now it is time to negotiate the items you found on your inspection. How do you negotiate a win-win inspection, but still get the maximum benefit? In this class we'll go over the inspection objection and inspection resolution process in detail and discuss some of the best strategies when negotiating win-win inspections.

Closing Real Estate Deals

You’ve made an offer, got it accepted, managed to negotiate a win-win solution to your inspection and have navigated your way successfully to get your loan… are you ready to close on your purchase? In this class we will cover what is involved with closing a real estate purchase and what to expect at closing itself. Be prepared to close by learning about it in this class first.

Catch Up Nomad Overview

You wake up one morning at age 40-50 and realize that you don’t quite have enough saved for retirement. What do you do? The Nomad investing model can help you get caught up. We cover this model and special considerations for Catch Up Nomads in this special class. Learn about the Nomad model in general as we teach it based on a person catching up for retirement. Plus, we will share some strategies for speeding up Nomad, including paying off properties early to improve cash flow, which many catch up nomads prefer.

Analyzing a Deal with Brian's Spreadsheet

“Tell me, and I will forget. Show me, and I may remember. Involve me, and I will understand." - Confucius, circa 450 BC

Join us as we walk through analyzing a deal using Brian's spreadsheet. We will take you step-by-step through the deal analysis process for Nomads. We will cover what each of the input fields on the spreadsheet means and what we recommend using as we analyze properties for Nomad. We will show you which calculations we primarily look at to make investment property purchasing decisions and specifically what to look for with Nomad properties. This class goes from nodding and bobbing as I explain how to analyze a deal to actually doing it yourself. Plus, much, much more.

RECOMMENDED: It is recommended that you download a copy of Brian's spreadsheet ahead of time and make sure you have Excel installed on your computer before attending this class.Bring a fully charged laptop with you to this class with the spreadsheet downloaded and Excel installed.

There are only a couple electric outlets in the room and not enough for everyone to charge their laptops so please charge your laptop ahead of time.

Cap Ex: The Silent Killer

Roofs, furnaces, kitchen and bathroom remodels... oh my! Making capital improvements to properties can be expensive. In this special class we will go over in detail what capital expenses (cap ex) are, how we calculate for them in the spreadsheet and strategies to mitigate cap ex or eliminate it completely with variations to the Nomad model.

Analyzing Deals 201: Selling with Lease Option

Analyzing Nomad purchases (and exits) is different when considering a lease option. This is the class where we cover the differences between buying houses using the traditional Nomad model and buying when you're going to use a lease option exit. You'll leave this class with a better understanding of lease options and how to analyze a lease option exit using the spreadsheet.

Nomad with Lease Option Exit Overview

A variation to the plain vanilla Nomad model is to convert your properties to lease options. This means having tenant buyers rent the property with the intent to buy it from you instead of converting them to straight rentals. There are many benefits of this model and some significant downsides to consider. We cover them in detail in this class plus much, much more.

Marketing for Tenants

We strongly recommend that you start marketing for tenants to find your next tenant or tenant buyer at least 60 days prior to moving out if it is your Nomad owner occupant property or before your current tenant's lease is set to expire. This class covers in step-by-step detail the entire process for marketing for your tenants. You'll learn about what to include in your ads, where to post ads and much more.

Tenant Screening

Once you have your ads running and tenants are calling, you’ll need to screen potential tenants to find someone who is qualified enough to “borrow” a several hundred-thousand-dollar asset from you by renting your property. As Nomads we take this process very seriously and have very detailed processes and systems for screening tenants legally and thoroughly. This class covers this process in detail including modifiable evaluation checklists to make your life easier and keep you out of legal trouble with fair housing laws.

Mock Tenant Screening

“Tell me, and I will forget. Show me, and I may remember. Involve me, and I will understand." - Confucius, circa 450 BC

It is one thing to hear me explain how to screen tenants in the Tenant Screening class, but something else entirely when you have an application in front of you and you need to evaluate the tenants on your own. So, we give you some sample tenant applications and allow you to work through the process on your own. Then we go over them in detail so you can see how we think about them together. This is a hands-on workshop that will make you much better at screening tenants.

Tenant Buyer Sales and Marketing

This is a special class that peers inside the mind of tenant buyers. If you plan to use lease options with your Nomad model, this is a critical class for understanding strategies for finding tenant buyers, talking to tenant buyers on the phone and in person and understanding tenant buyer psychology. It is an advanced class, going beyond just normal tenant screening, focused on dealing with tenant buyers who are going to be renting your property with the intention of buying it from you.

The $5,000 Lease Demystified

Since 2000 my clients and other local real estate investors have asked me repeatedly to share my lease with them. It was a lease I personally purchased from an expensive real estate course and then modified to fit my personal business. As you could probably understand, I did not feel comfortable sharing it with others. In 2016, after being worn down by clients and other local investors, Brian, Tammy and I decided that we would take the lease and submit it to our attorney with a laundry list of changes we wanted to see, and then make it available to my local Nomad and investor clients for free. We do still insist that each person using it have it reviewed by their own attorney before using it themselves. Between the initial course purchase and the attorney fees to have the modifications made this is my $5,000 lease which I will go over with you in detail during this class.

IMPORTANT: Attending this class live or buying access to the video recording of this class does NOT include a copy of my $5,000 lease. I give away this lease to clients once they've bought or sold a home with me or clients that have bought or sold a home with a real estate agent in another market where I have been paid a referral fee for referring them to work with that real estate agent.

Property Management Mastery

Once you've placed a tenant in your property, you must remain diligent and manage the property. In this class we will walk you through the process to prepare your property for a tenant moving in. We will also cover the best practices for move-in and move-out with the tenant or tenant buyer. Plus, we cover what happens the first week and first month after the tenant moves in. We discuss how frequently and what to do during property inspections while the tenant is living there. Then, we cover what happens the last 90 days of a tenant's lease including preparing to rent the property to another tenant, damage deposits and much more.

The Lease Option - The Lease Part II

In a previous class we've gone over my $5,000 lease, but what if you're wanting to do a lease option? This class covers the additional paperwork we use for lease options. You should have gone through the lease class and ideally one or more classes on the lease option strategy as a prerequisite for this class.

IMPORTANT: Attending this class live or buying access to the video recording of this class does NOT include a copy of my $5,000 lease or the option paperwork. I give away this lease and option paperwork to clients once they've bought or sold a home with me or clients that have bought or sold a home with a real estate agent in another market where I have been paid a referral fee for referring them to work with that real estate agent.

Solving Tenant Challenges

Despite our best laid plans and best efforts, not every renter will be the perfect tenant we hope and screen for. Challenges with rental properties happen. This class covers checklists and processes for dealing with tenant challenges like late rent, evictions, lease term violations and much more.

Fixer Upper Nomad Overview

The Nomad model, in its most basic form, has you buying pretty houses that you move into, live there for a year then convert to rental property. We are often doing this with minimal money out of pocket. People in the past have asked about finding fixer upper properties to move into, fix up and then convert to rentals and I had, for quite a while, suggested that putting in the extra money and time to fix up a property wasn’t the best strategy for Nomads since you’re often not able to get that money back out quickly. However, there are some exceptions where finding fixer uppers works amazingly well with Nomad. In this class I cover what fixer upper Nomad is, some special tips for financing fixer upper Nomad properties, and when I recommend using this strategy.

Cash Flow Explosion

Cash flow is probably the most important of the four areas of return from rental properties. And while sometimes we intentionally choose to accept less cash flow in exchange for a lower down payment (essentially paying our down payment over time from cash flow), we would all be wise to focus on maximizing cash flow whenever possible. With that in mind, may I introduce to you... CASH FLOW EXPLOSION!... a systematic, step-by-step approach to looking at each factor that impacts cash flow on your rental properties and all the different ways to improve it.

Bookkeeping and Accounting for Nomads

Leave your abacus at home for this special class on keeping track of your books for your rental properties. In this class we will be covering some of the best practices for keeping track of your income and expenses while doing the Nomad model. We will cover our recommendations for keeping your property files organized, up to date, and ready to send to your accountant (or for you to use yourself). This will prepare you for year-end tax prep and will position you to get the maximum tax benefits of owning rental properties as a Nomad.

Return on Investment and Return on Equity

In most classes and discussions about Nomad we focus on talking about what is the return on our initial–often very small–investment. In this class we go over what return on investment is, how it typically works over time and how it works when buying multiple properties as a Nomad, but we don’t stop there. We go on to talk about another important metric for Nomads: return on equity. What happens to your equity over time as you own multiple Nomad investment properties and what could (and probably should) you do about this phenomenon?

Legacy Nomad Overview

In this special Nomad class on leaving a legacy for your loved ones using real estate, I share information about doing Nomad and specifically about using Nomad to positively change the financial health of your family and friends. Unlike other Nomad models where we personally are moving into properties then converting them to rentals, with the Legacy Nomad investing model we are gifting money to our kids, grand kids and/or loved ones and having them move in to the properties as Nomads. It is a way for us to get money out of our estate early in a tax advantaged strategy that also educates and prepares them for managing multi-million dollar real estate portfolios while we are still here to assist them with acquiring that knowledge. This is the model I am doing with my own kids.

Emergency Plan Workshop

Boom! You’ve been hit by a bus! Is your business ready to be run by someone else in your temporary or permanent absence? In this workshop, you’ll leave with an emergency plan for someone to take over your real estate business. We will walk you through a series of exercises to document what you’d like your backup to know and do if you suddenly and unexpectedly are unable to run your real estate empire.

Analyzing Deals 301: Multi-Family for Nomads

For most Nomads you'll be focusing on single family homes, but for some special cases we recommend that Nomads buy duplexes, triplexes or fourplexes as their first properties. This class will review the criteria for those unusual situations and then we will use the spreadsheet to analyze multi-family properties.

Asset Protection 101: Overview for Nomads

In this class we will discuss the importance of asset protection and what one possible suggested plan for asset protection might be for your own personal Nomad real estate empire and why we suggest this setup.

Asset Protection 102: Document Examples

Once you’ve gone through the Asset Protection 101 class and understand the strategy we suggest and why, then this follow up class will walk you through some of the paperwork that you will want to have your attorney prepare, discuss and review to implement the strategies we suggested.

Young Professional Nomad Overview

Young Professional Nomads are usually recently graduated from college with professional careers and know that they want to work toward financial freedom. By utilizing the Nomad model they can invest a minimal amount of money and acquire a multi-million dollar real estate portfolio which will give them the passive cash flow they need to be able to choose to continue working or retire young and rich. This class goes over the Nomad model assuming you’re just out of college and talks about concepts like having roommates to live without a mortgage or accumulate down payments, tax rates and cash flow from depreciation, retiring early and much more.

How to Acquire a Multi-Million Dollar Real Estate Portfolio with just $3,000

In this class (which James has written a book on with a very similar title) James will walk you through the entire model of doing the Nomad model with a single one-time $3,000 up front down payment. He'll show you the detailed math behind parlaying your initial down payment into future down payments for additional Nomad properties. We will discuss using lease option exits to mitigate or, in some cases, completely eliminate capital expenses while improving cash flow. We will model cash flow, down payments, depreciation, appreciation and debt paydown plus much more. You'll walk away with a clear plan on how to acquire a multi-million dollar, cash flow portfolio of rental properties starting with just a single $3,000 down payment for markets that have starter homes priced around $300,000 or less.

Interest Rate Scenarios for Nomads

We typically model Nomad and assume that the interest rate remains the same for the entire 10 year period that we are acquiring properties. But what happens if our interest rates change over time? And, what is normal for interest rates anyway? Can we expect interest rates to stay the same or are they likely to change? We cover a variety of interest rate related questions and run interest rate scenarios on the Nomad model in this class.

Warning: The Dangers and Risks of Real Estate

Calls from tenants with clogged toilets at 2 AM and all sorts of problems and perils... what are the real dangers and risks of investing in real estate? We systematically and methodically go through every conceivable danger and risk of investing in real estate, look at what the worst case scenarios might be and come up with a plan to eliminate or, at least, mitigate those risks. While it is possible you could leave this class swearing off real estate investing for good, most leave the class with a clear understanding of the risks and dangers with clear plans to address those to keep the risks minimal. Prepare for the worst and have a plan!

Little Down Nomad Overview

Many real estate investors are interested in little or nothing down investing strategies. Many gravitate toward Nomad once they see the benefits that Nomad offers including the ability to acquire a large portfolio of rental properties with little or nothing down. This class goes over the Nomad strategy for real estate investors looking for a way to get involved investing in real estate with little or nothing down.

Building Wealth with Real Estate using Appreciation

“Isn’t Nomad just speculating on properties appreciating?” I hear that question all the time and the answer is: no. It is true that even a modest appreciation assumption in our modeling of Nomad makes the Nomad model look amazing, but this class goes beyond that and walks you through a variety of appreciation related topics. We discuss what appreciation has been historically both quantitatively and qualitatively. Is it likely to continue and at what pace? Plus, we show what Nomad looks like if we have no appreciation in either home price or rent and much more.

College Nomad Overview

Learn how to use the Nomad investing strategy to pay for college. In this class I cover both using it to save for your kids to go to college AND how recent college graduates can use it to pay for student loans to pay off college debt.

Property Maintenance

Warning! Logging and tracking tasks is for Premium Nomads only.


Complete the "Property Maintenance" checklists:

https://LearnToBeRich.com/property-maintenance/

Mark this task complete when done.

Post-ClosingProperty MaintenanceUltimate Nomad ChecklistWeek 44


If you have a concrete driveway, it is recommended that you seal concrete driveways every two years.

Mark this task complete when done.

Property Maintenance
Ultimate Nomad ChecklistWeek 56


Twice a year replace the batteries in your smoke and CO detectors.

Mark this task as complete when done.

Property Maintenance
Ultimate Nomad ChecklistWeek 53

Pre-Occupancy Reminders to Tenant


Complete the "Pre-Occupancy Reminders to Tenant" checklist:

https://LearnToBeRich.com/pre-occupancy-reminders-to-tenant/

Mark complete when done.

Post-ClosingPre-Occupancy Reminders to TenantUltimate Nomad ChecklistWeek 65


If you have not done so recently, review the recording of the live presentation of "Property Management Mastery" available on:

https://LearnToBeRich.com/property-management-mastery/

Mark this task as complete once you've watched it.

Pre-Occupancy Reminders to TenantUltimate Nomad ChecklistWeek 45


Remind your Tenant/Tenant-Buyer of the following:

  • When their move-in date and time is and what happens if the current occupant is not out in time
  • When their rent is due and how much is due (especially true if they are moving in mid-month)
  • Expected maintenance schedule for the Tenant/Tenant-Buyer
  • That they need to get a renter's insurance policy with liability insurance (this applies to roommates as well) and they need to provide you a copy of the policy as proof

Mark this task as complete when done.

Pre-Occupancy Reminders to TenantUltimate Nomad ChecklistWeek 45

Disapproval of Buyer’s Credit Information Deadline


Complete the "Disapproval of Buyer’s Credit Information Deadline" checklist:

https://LearnToBeRich.com/disapproval-of-buyers-credit-information-deadline/

Mark this task as complete when done.

Contract Deadline: Disapproval of Buyer's Credit Information DeadlineContract To Close: Loan and CreditFinancingUltimate Nomad ChecklistWeek 10Week 11Week 12Week 13


If you're getting Owner Financing (also known as Seller Financing) please hire an Attorney to get help. Your Real Estate Broker is not qualified, trained or allowed to assist with Owner Financing.

Mark this task as complete when done.

Contract Deadline: Disapproval of Buyer's Credit Information DeadlineContract To Close: Loan and CreditFinancingOwner FinancingUltimate Nomad ChecklistWeek 10Week 11Week 12Week 13

Loan Application Deadline


Complete the "Loan Application Deadline" checklist:

https://LearnToBeRich.com/loan-application-deadline/

You'll usually apply for the loan prior to going out and looking at homes with your Real Estate Broker. However, your Lender will require an address to have a completed loan application. For the "Contract to Buy and Sell Real Estate" we typically use "MEC + 2 Business Days" to get your Lender a full, complete with address of the property, application.

Mark this task as complete when done.

Contract Deadline: Loan Application DeadlineContract To Close: Loan and CreditFinancingUltimate Nomad ChecklistWeek 13


If you haven't already selected a Lender (which in most cases you will have at this point), then ask your Real Estate Broker to suggest 3 possible Lenders to contact for financing your home purchase based on the types of loans you're considering.

You're welcome to use whichever Lender you choose (from the Real Estate Broker's recommendations or your own), however... you should realize that making sure your Lender performs if your responsibility.

In other words, if your Lender does not show up on the day of closing with the money for whatever reason, you are still in default on the "Contract to Buy and Sell Real Estate" (not your Lender) and you are at risk of losing your Earnest Money (and specific performance in the unlikely event that box is checked on the "Contract to Buy and Sell Real Estate"). Another way of saying this is: your Lender is not a party to the "Contract to Buy and Sell Real Estate" and so they have no consequences in the "Contract to Buy and Sell Real Estate" if they don't perform.

So, consider "testing" a new Lender carefully.

Mark this task as complete when done.

ASAPContract Deadline: Loan Application DeadlineDream TeamDream Team - Pre-ClosingFinancingUltimate Nomad ChecklistWeek 2


If you have not already done so, talk to 3 Lenders to determine which one you'd like to use.

Ask your Real Estate Broker for recommendations.

You may want to consider at least reading through the Mortgage Broker Interview Questions for some ideas of what you might want to ask:

http://JamesOrr.com/mortgage-broker-interview-questions/

Mark complete once you've talked to 3 Lenders of if you've already decided which Lender you plan to use.

ASAPContract Deadline: Loan Application DeadlineDream TeamDream Team - Pre-ClosingFinancingUltimate Nomad ChecklistWeek 2


Decide which Lender you will use to finance your purchase.

You can ask your Real Estate Broker for recommendations.

Mark this task complete once you've decided on a Lender to use.

Analyzing DealsASAPContract Deadline: Loan Application DeadlineDream TeamDream Team - Pre-ClosingFinancingUltimate Nomad ChecklistWeek 2


Make an application to get qualified for a loan with the Lender you've decided you're going to use.

Some people will opt to get quotes from multiple lenders. If you're going to do this, compare everyone on the same day so the rate is the same.

Also, have the Lender you think is most likely to be the one you'll go with pull your credit and then tell the other Lenders you're comparing what your credit score is. If you decide to go with them, you'll let them pull your credit then.

If you need a recommendation for a Lender ask your Real Estate Broker.

Mark this task complete once you've applied for a loan and been approved with the Lender you plan to use.

ASAPContract Deadline: Loan Application DeadlineFinancingUltimate Nomad ChecklistWeek 2Week 54


As soon as your "Contract to Buy and Sell Real Estate" is accepted, make sure your Lender has a copy so they can complete your application and start working on getting your financing approved and through under-writing.

Mark this task complete when done.

ASAPContract Deadline: Loan Application DeadlineFinancingUltimate Nomad ChecklistWeek 2Week 54


Once you have an accepted offer, you'll need to complete the loan application with your Lender.

Mark this task complete when done.

Contract Deadline: Loan Application DeadlineFinancingUltimate Nomad ChecklistWeek 9


Pay your Lender for Appraisal so they can order it.

Mark complete when done.

Contract Deadline: Loan Application DeadlineFinancingUltimate Nomad ChecklistWeek 9


If you have not already done so, pay your Lender for Appraisal so they can order it.

Mark complete when done.

Contract Deadline: Appraisal DeadlineContract Deadline: Loan Application DeadlineFinancingUltimate Nomad ChecklistWeek 9

Change of Address

After buying a Nomad property, you should remember to change your address with various companies. We’ve integrated the following list right into the Ultimate Nomad Checklist and the list of things to do immediately after closing, but here is a stand alone list for your reference.


Complete the "Change of Address" checklist:

https://LearnToBeRich.com/change-of-address/

Mark this task as complete when done.

Change AddressContract Deadline: Possession DateUltimate Nomad ChecklistWeek 13


Instead of updating your mailing address each time you buy a property, you may want to consider updating as many of your accounts as possible to electronic statements to avoid having to update them each time you move.

Mark this task as complete when done.

Change AddressClosing: Immediately AfterUltimate Nomad ChecklistWeek 13


To avoid constantly updating your address as you move each year with Nomad, you may want to consider getting a post office box or private mailbox from a company like the UPS Store.

Then, have all your mail always go to that mailbox to avoid having to update them with each purchase/move.

Mark this task as complete when done.

Change AddressClosing: Immediately AfterUltimate Nomad ChecklistWeek 13


After Closing you should go down to your local post office and get a new key for your mailbox (if your mailbox has a lock). You can do this at the same time you set up mail forwarding.

You will usually need to bring down a copy of your deed (which you'll receive at closing) to do this.

Mark this task as complete when done.

Change AddressClosing: Immediately AfterUltimate Nomad ChecklistWeek 13


After Closing you should go down to your local post office and set up forwarding of your mail to your new property address. You can do this at the same time you get your new mailbox key.

You will usually need to bring down a copy of your deed (which you'll receive at closing) to do this.

There will probably be a small fee to do this. I've heard $1.

Mark this task as complete when done.

Change AddressClosing: Immediately AfterUltimate Nomad ChecklistWeek 13


Contact each of your Debit/Credit Card companies and update your address with each one of them.

Mark this task as complete when done.

Change AddressClosing: Immediately AfterUltimate Nomad ChecklistWeek 13


Contact each of your mortgage holders (for other homes and rental properties) and update your address with each one of them.

Mark this task as complete when done.

Change AddressClosing: Immediately AfterUltimate Nomad ChecklistWeek 13


We normally recommend that you put the Utilities in your name on the property you're buying prior to Closing to start the day of Closing. This however should remind you in case you forgot to do that AND, additionally, remind you to update your address with Utilities for properties other than the one you're buying now.

Update your address with all Utilities on the property you're buying and any rental properties you own as well.

Here is a list to help:

  • Gas
  • Water (including any water associations if applicable)
  • Trash
  • Electric
  • Garbage
  • Cable television
  • Internet service provider

NOTE: If you have Tenants or Tenant-Buyers in the property ask to get a Landlord policy for utilities so that your utilities will automatic switch into your name when the Tenant or Tenant-Buyer stops paying or removes them from their name.

Mark this task as complete when done.

Change AddressClosing: Immediately AfterUltimate Nomad ChecklistWeek 13


Update your address with the Insurance Companies that insure your properties (including this one and any rentals), cars and anything else.

Mark this task as complete when done.

Change AddressClosing: Immediately AfterUltimate Nomad ChecklistWeek 13


Update your address with all the places you bank including Banks and Credit Unions.

Mark this task as complete when done.

Change AddressClosing: Immediately AfterUltimate Nomad ChecklistWeek 13


Update your address with all Home Owner's Associations (HOAs) including the property your buying and all your rental properties.

Mark this task as complete when done.

Change AddressClosing: Immediately AfterUltimate Nomad ChecklistWeek 13


Contact each of your employers and update your address with each one of them.

In many cases contacting Human Resources will update everything, but in some cases you may need to contact multiple departments. If you have to contact different departments, be sure to do that. Some examples of different departments might include:

  • Your retirement accounts with your employer
  • your health care account with your employer
  • payroll with your employer

Mark this task as complete when done.

Change AddressClosing: Immediately AfterUltimate Nomad ChecklistWeek 13


Contact each of your Health/Dental Insurance Providers and update your address with each one of them.

Mark this task as complete when done.

Change AddressClosing: Immediately AfterUltimate Nomad ChecklistWeek 13


After you move-in update your address and contact info with the County you live in.

This allows them to send your auto registration to the correct address.

Mark this task as complete when done.

Change AddressClosing: Immediately AfterUltimate Nomad ChecklistWeek 13


Contact each of your IRA, 401K, Investment Account or Retirement Account Companies and update your address with each one of them.

Mark this task as complete when done.

Change AddressClosing: Immediately AfterUltimate Nomad ChecklistWeek 13


Contact all your subscriptions and update your address with each of them.

Some reminders of what you may have include:

  • Cable television
  • Internet Service Provider (ISP)
  • Magazines, newsletters and newspapers
  • Netflix
  • Software subscriptions like Dropbox, Spotify, Apple Music, Evernote, Lastpass etc

Mark this task as complete when done.

Change AddressClosing: Immediately AfterUltimate Nomad ChecklistWeek 13


Notify the friends and family that you want to know where you live of your new address and contact info.

Some clients may opt to use this opportunity to clean up their friends list.

Mark this task as complete when done.

Change AddressClosing: Immediately AfterUltimate Nomad ChecklistWeek 13


If your Tenants and/or Tenant-Buyers are sending rent or giving you notice at your previous home address, then make sure you update each of them with your new address.

Mark this task as complete when done.

Change AddressClosing: Immediately AfterUltimate Nomad ChecklistWeek 13

If you have additional suggestions, please do let me know.

Rental Application

During the Tenant Screening class, I mentioned and showed you the Rental Application to modify and use when taking applications for prospective tenants.

A special thank you to Brian Williams who shared his Rental Application with our local investor club. The Rental Application below is 99% from him (and his girlfriend Beth). Thank you Brian and Beth!

Here are images showing the newest version of the 3 page rental application I suggest you download to open with Excel, edit and then print and use yourself.



Download Editable Rental Application

Premium Nomads can login and download the an editable version of the Rental Application to use in their own business.

There is additional LOCKED content on this page for members.

Access locked content instantly and...

Discover How to Acquire a
Multi-Million Dollar Real Estate Portfolio...
...FOR JUST $1

Get access now to over 40 live recorded classes, Nomad Calculator Classic, 400+ pages of dynamic Nomad checklists and additional premium content (including the secret locked content on this page) for just $1.

And these are the spots you’ll want to edit to replace with whatever your application fee amount is, your reservation fee amount is and your contact info is.


Improvements

The following are improvements I plan to make to this page based on some of my Standard Process Improvement Questions.

Sponsor Content

There is additional content on this page that is shown to Sponsors only.

Sponsors are usually Real Estate Agents and Lenders who'd like to work with Nomads in their local market.

Click here for more information on how to become a Sponsor.

IMPORTANT: You are not logged in.

New? Create a FREE account

Bookkeeping Spreadsheet

Last night Brian presented a special class on Bookkeeping and Accounting for Real Estate Investors for our local real estate investor club. In that presentation he talked about a number of topics dealing with getting organized and tracking income and expenses and other paperwork for your rental properties. He talked about using Dropbox and specifically how he organizes both his digital and paper filing systems.

And he also talked about various software applications you can use for tracking income and expenses like Quick Books and a number of others. But, the highlight of the class was when Brain demonstrated the Excel spreadsheet he personally uses to keep track of his rental properties.

And the good news is… he’s given me permission to share it with all of you so you can download it and use it in your own real estate business.

Premium Nomads can also use the web based version.

Images of Brian’s Bookkeeping and Accounting Spreadsheet

Here are some example images from the spreadsheet with a link below for you to download it.

The image above shows the list of income categories and expense categories (which you can edit should you need to) that match the IRS income and expense categories you will need when filing your taxes or when sending this information to your CPA to prepare your taxes.

The image above shows the list of your properties and LLCs or other entities that you want to track income and expenses for. Just add a new one and the new one will appear in the dropdown choices for running reports.

The image above shows a summary of the income for all properties… there is a single tab for entering income for all your properties and entities. That’s what is shown.

You might have guessed it was coming and you’d be right… the image above shows a summary of the expenses for all properties… just like the income tab, there is a single tab for entering expenses for all your properties and entities. That is this one.

Here is one of many reports available showing the itemized income and expenses for a particular property.

Download Brian’s Bookkeeping and Accounting Spreadsheet

Here’s the link to download Brian’s spreadsheet as an Excel file (available for free to any logged in user).

Discover How to Acquire a Multi-Million Dollar Real Estate Portfolio... FOR JUST $1

Get access now to over 40 live recorded classes and premium content (including the secret content on this page) for just $1.

Web-Based Bookkeeping and Accounting for Rental Properties

Premium Nomads can view the houses they’ve entered in the system and track income and expenses using the online version of Brian’s spreadsheet as well. Here’s a screen shot of the online version.

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Sign up for Dropbox with "Extended Version History" feature at:

http://Dropbox.com

"Extended Version History" keeps copies of old versions of your files longer than just 30 days in case you accidentally delete something and don't realize it right away.

Mark this task complete when done.

AccountingASAPBookkeepingBookkeeping and Accounting for NomadsComputer SetupFirst Meeting: PaperworkOptionalUltimate Nomad ChecklistWeek 1

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Once you've signed up for Dropbox make sure it is installed and working on your computer for saving all your real estate related files.

Here is the recommend folder structure for Nomads to be setup inside Dropbox:

  • "REI Folders"
    • Folder for each property and LLC/major entity
    • Example: "Main St LLC" (one folder for each LLC/major entity)
    • Example: "1234 Main Street" (one folder for each property)
      • "1. Purchase Docs"
        • "YYYY-MM-DD - PROPERTY STREET ADDRESS - FILE DESCRIPTION.pdf"
        • Example: "2018-04-21 - 1234 Main St - Buyer Settlement Statement.pdf"
      • "1.1 Refinance" (if applicable, but make it now)
      • "2. Trust Docs"
      • "3. Property Info"
      • "4. Mortgage"
      • "5. Taxes"
      • "6. Insurance"
      • "7. HOA"
      • "8. Expenses"
      • "9. Tenant and Property Mgmt Info"
        • Example: "Smith, John and Suzy" (one for each tenant group)

Mark this task complete once you've set up Dropbox and your folder system within Dropbox on your computer.

AccountingASAPBookkeepingBookkeeping and Accounting for NomadsComputer SetupFirst Meeting: PaperworkOptionalUltimate Nomad ChecklistWeek 1

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Talk to 3 Accountants to determine which one you'd like to use.

Ask your Real Estate Broker for recommendations.

Mark complete once you've talked to 3 Accountants of if you've already decided which Accountant you plan to use.

AccountingASAPBookkeepingBookkeeping and Accounting for NomadsDream TeamDream Team - Pre-ClosingUltimate Nomad ChecklistWeek 2

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Determine who you will as your accountant to help you with financial planning and completing your taxes.

Ask your Real Estate Broker for a recommendation.

Mark this task complete once you've determined who you'll use as your Accountant.

AccountingBookkeepingBookkeeping and Accounting for NomadsDream TeamDream Team - Pre-ClosingPre-Showings: Mock ContractUltimate Nomad ChecklistWeek 2Week 54

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If you've created a new entity for your parntership, request an EIN for filing taxes.

Mark complete when done.

AccountingBookkeepingBookkeeping and Accounting for NomadsPartnershipsUltimate Nomad ChecklistWeek 3

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Meet with your Accountant to ask questions about partnerships.

Mark this task as complete once you've met with your Accountant and you have all your questions answered about partnerships.

AccountingBookkeepingLLCPartnershipsUltimate Nomad ChecklistWeek 3

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Watch the recording of the live presentation of "Bookkeeping and Accounting for Nomads" available on:

https://LearnToBeRich.com/bookkeeping-and-accounting-for-nomads/

Mark this task as complete once you've watched it.

AccountingBookkeepingBookkeeping and Accounting for NomadsClassesPost-Closing Bookkeeping and AccountingUltimate Nomad ChecklistWeek 52

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If you've decided to download and use Brian's Bookkeeping and Accounting Spreadsheet to keep track of your income and expenses on your rental and Nomad properties, you can download a copy of it here:

https://LearnToBeRich.com/bookkeeping-spreadsheet/

If you're not going to use Brian's accounting spreadsheet, you can skip this step and mark it as complete.

Mark this task as complete when done.

AccountingBookkeepingBookkeeping and Accounting for NomadsPost-Closing Bookkeeping and AccountingUltimate Nomad ChecklistWeek 18

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You should setup your bookkeeping system for your rental property. There are several options to choose from including just hiring a bookkeeper/accountant to do it for you to using the tools we provide.

Of course, you could keep track of your income and expenses in software like QuickBooks and have your accountant prepare taxes at the end of the year. There are also property management software packages that allow you to do bookkeeping and accounting as well.

If you don't have a strong preference, we recommend you setup either Brian's bookkeeping and accounting spreadsheet or use web-based version on LearnToBeRich.com to start tracking income and expenses for property.

Mark complete once you've set up bookkeeping and accounting for this property.

AccountingBookkeepingBookkeeping and Accounting for NomadsPost-Closing Bookkeeping and AccountingUltimate Nomad ChecklistWeek 18

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Each month enter the income and expenses for the property and your LLCs.

The longer you delay doing this the more painful it becomes especially as you forget what expenses were for and why.

It is much easier to do it either: as you receive them or, at least, once a month.

Mark this task complete when done.

AccountingBookkeepingBookkeeping and Accounting for NomadsPost-Closing Bookkeeping and AccountingUltimate Nomad ChecklistWeek 18

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Each time you receive income, log it in your accounting system.

Mark this task complete when done.

AccountingBookkeepingBookkeeping and Accounting for NomadsPost-Closing Bookkeeping and AccountingUltimate Nomad ChecklistWeek 18

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Each time you spend money or have an expense, log it in your accounting system.

Mark this task complete when done.

AccountingBookkeepingBookkeeping and Accounting for NomadsPost-Closing Bookkeeping and AccountingUltimate Nomad ChecklistWeek 18

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Send your Accountant your income and expenses for the year to prepare your tax returns.

Mark complete once you've sent your Accountant income and expenses from either Brian's Spreadsheet or the web-based version.

AccountingBookkeepingBookkeeping and Accounting for NomadsPost-Closing Bookkeeping and AccountingUltimate Nomad ChecklistWeek 53

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File your tax returns for the year.

Mark this task as complete once you've filed for the year.

AccountingBookkeepingBookkeeping and Accounting for NomadsPost-Closing Bookkeeping and AccountingUltimate Nomad ChecklistWeek 65

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Review the tax return from your Accountant. Ask questions if you have them.

Once your tax return is approved, mark this task as complete.

AccountingBookkeepingBookkeeping and Accounting for NomadsPost-Closing Bookkeeping and AccountingUltimate Nomad ChecklistWeek 64

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If you have a Partnership, then once you have reviewed your tax return from your Accountant share it with your Partners.

Once you've shared it with your Partners, mark this task as complete.

AccountingBookkeepingBookkeeping and Accounting for NomadsMaintain Your LLCPartnershipsUltimate Nomad ChecklistWeek 64

Improvements

The following are improvements I plan to make to this page based on some of my Standard Process Improvement Questions.

Sponsor Content

There is additional content on this page that is shown to Sponsors only.

Sponsors are usually Real Estate Agents and Lenders who'd like to work with Nomads in their local market.

Click here for more information on how to become a Sponsor.

IMPORTANT: You are not logged in.

New? Create a FREE account

Warren Buffet Talks About Buying “A Couple Hundred Thousand Single Family Homes”

When one of the richest men in the world decides to recommend buying single family homes with 30 year fixed rate financing, Nomads would be smart to listen (you can watch the video clip below).

Warren Buffett during a television interview with CNBC talks about how he’d buy a couple hundred thousand single family homes if he could figure out the property management. He says, “he’d load up on them.”

For Nomads, we’re not recommending you buy a couple hundred thousand single family homes… but you’re probably not Warren Buffett. Instead, we’re suggesting maybe you buy 1 and see how it goes. It if makes sense after attending all 50 different classes, buy another. If, instead, you decide “James is crazy and I don’t know what I was thinking”, you’ve still got a single home you’ve bought you can live it, rent out or sell. No harm, no foul and since the average net worth of a home owner is 36 times that of a renter, you probably did yourself a favor anyway.

In a recent NY Times article on How Homeownership Become the Engine of American Inequality they tell us home ownership is a proven wealth builder and savings compeller:

“There is a reason so many Americans choose to develop their net worth through homeownership: It is a proven wealth builder and savings compeller. The average homeowner boasts a net worth ($195,400) that is 36 times that of the average renter ($5,400).”

Warren goes on to talk about how he’d take out mortgages at very, very low rates. Well… that would be now. I show in the class we do on interest rates with charts just how low interest rates are right now. He explains how if you get a 30 year mortgage and it turns out interest rates were too high, you can refinance it next week. If it turns out interest rates were too low, the “other guy” (presumably the bank in this case) is stuck with it for 30 years. He says, “it is a very attractive asset class now.”

The host then asks Warren: if you were a young investor and you had the choice to buy a home or stocks, which would you invest in? Warren Buffett’s answer is clear: if he knew he’d be living in that same area for 5 years or so, he’d buy a home with a 30 year mortgage. He tells us it is a terrific deal.

If only Warren was a “handy type” (which is readily admits he is not), he says if he could buy a couple single family homes at distressed prices with 30 year mortgages it is a leveraged way to buy a very cheap asset.

He says, “that’s as attractive of an investment as you can make.”

Watch the 1 minute 23 second video below:

Check out some of the other Nomad classes:

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Watch the recording of the live presentation of "Get Your First Deal Done" available on:

https://LearnToBeRich.com/get-your-first-deal-done/

Mark this task as complete once you've watched it.

ASAPBuying Process OverviewClassesGet Your First Deal DoneNomad BasicsUltimate Nomad ChecklistWeek 1

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Watch the recording of the live presentation of "Buying Process Overview for Nomads" available on:

https://LearnToBeRich.com/buying-process-overview/

Mark this task as complete once you've watched it.

ASAPBuying Process OverviewClassesGet Your First Deal DoneNomad BasicsOptionalUltimate Nomad ChecklistWeek 1

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Watch the recording of the live presentation of "Financing Nomad 101" available on:

https://LearnToBeRich.com/financing-nomad-101/

This class covers the different types of financing available and which ones we consider for Nomad. It goes into detail on Down Payments and much more.

Mark this task as complete once you've watched it.

ASAPClassesFinancingFirst Meeting: FinancingGet Your First Deal DoneNomad BasicsUltimate Nomad ChecklistWeek 1

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Watch the recording of the live presentation of "Finding Properties for Nomads" available on:

https://LearnToBeRich.com/finding-properties-for-nomads/

Mark this task as complete once you've watched it.

ASAPClassesFirst Meeting: Receive Property ListsGet Your First Deal DoneOptionalProperty SearchUltimate Nomad ChecklistWeek 1

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Watch the recording of the live presentation of "Analyzing Deals 101: an Intro to Cash on Cash Return on Investment" available on:

https://LearnToBeRich.com/cash-on-cash/

Mark this task as complete once you've watched it.

Analyzing DealsASAPCash FlowClassesFirst Meeting: Analyze DealNet Operating IncomeReturn On InvestmentUltimate Nomad ChecklistWeek 18Week 2

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Watch the recording of the live presentation of "Analyzing a Deal with Brian's Spreadsheet" available on:

https://LearnToBeRich.com/how-to-analyze-a-deal-with-brians-spreadsheet/

Mark this task as complete once you've watched it.

Analyzing DealsASAPCash FlowClassesFirst Meeting: Analyze DealsGet Your First Deal DoneNomad BasicsUltimate Nomad ChecklistWeek 4Week 56

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Watch the recording of the live presentation of "Strategies to Get the Lowest Monthly Payment When Buying Real Estate" available on:

https://LearnToBeRich.com/lowest-monthly-payment/

Mark this task as complete once you've watched it.

Analyzing DealsASAPCash FlowClassesFirst Meeting: Analyze DealsMaking OffersUltimate Nomad ChecklistWeek 58Week 6

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Watch the recording of the live presentation of "Making Strong Offers that Get Accepted" available on:

https://LearnToBeRich.com/making-strong-offers-that-get-accepted/

Mark this task as complete once you've watched it.

ClassesFirst Meeting: Write OfferMaking OffersMarket StatsUltimate Nomad ChecklistWeek 59Week 7

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Watch the recording of the live presentation of "Low Ball Offer Case Studies" available on:

https://LearnToBeRich.com/low-ball-offer/

Mark this task as complete once you've watched it.

ASAPClassesFirst Meeting: Write OfferMarket StatsUltimate Nomad ChecklistWeek 59Week 7

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Watch the recording of the live presentation of "Looking at Houses" available on:

https://LearnToBeRich.com/looking-at-nomad-houses/

Mark this task as complete once you've watched it.

ClassesGet Your First Deal DoneNomad BasicsPre-ShowingsUltimate Nomad ChecklistWeek 3

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Watch the recording of the live presentation of "How to Get Down Payment for Nomad" available on:

https://LearnToBeRich.com/how-to-get-down-payment-for-nomad/

Mark this task as complete once you've watched it.

ASAPClassesDown PaymentFinancingNomad BasicsPre-Showings: Down PaymentUltimate Nomad ChecklistWeek 2

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Watch the recording of the live presentation of "Contract To Buy and Sell in Detail" available on:

http://JamesOrr.com/contract-buy-sell-real-estate-detail/

Mark this task as complete once you've watched it.

ASAPClassesPaperworkPre-Showings: Mock ContractUltimate Nomad ChecklistWeek 2

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Watch the recording of the live presentation of "Nomad 101" available on:

https://LearnToBeRich.com/nomad-101/

Mark this task as complete once you've watched it.

ASAPClassesNomad BasicsOptionalUltimate Nomad ChecklistWeek 5Week 57

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Watch the recording of the live presentation of "Contract to Close" available on:

https://LearnToBeRich.com/contract-to-close/

Mark this task as complete once you've watched it.

ClassesContract To CloseUltimate Nomad ChecklistWeek 60Week 8

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Watch the recording of the live presentation of "Seller's Property Disclosure Case Studies" available on:

https://LearnToBeRich.com/spd-case-studies/

Mark this task as complete once you've watched it.

ASAPClassesContract To Close: Seller's Property DisclosureGet Your First Deal DoneMaking OffersPaperworkSellers Property DisclosureUltimate Nomad ChecklistWeek 13

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Watch the recording of the live presentation of "Negotiating Win-Win Inspections for Maximum Benefit" available on:

https://LearnToBeRich.com/negotiating-inspections/

Mark this task as complete once you've watched it.

ClassesContract To Close: Inspection and Due DiligenceInspectionUltimate Nomad ChecklistWeek 8

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Watch the recording of the live presentation of "Closing Real Estate Deals" available on:

https://LearnToBeRich.com/closing-real-estate-deals/

Mark this task as complete once you've watched it.

ClassesClosingGet Your First Deal DoneNomad BasicsUltimate Nomad ChecklistWeek 61Week 9

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Watch the recording of the live presentation of "Bookkeeping and Accounting for Nomads" available on:

https://LearnToBeRich.com/bookkeeping-and-accounting-for-nomads/

Mark this task as complete once you've watched it.

AccountingBookkeepingBookkeeping and Accounting for NomadsClassesPost-Closing Bookkeeping and AccountingUltimate Nomad ChecklistWeek 52

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Watch the recording of the live presentation of "Tenant Screening" available on:

https://LearnToBeRich.com/tenant-screening/

Mark this task as complete once you've watched it.

ClassesPrepare to be a LandlordTenant BuyersTenant ScreeningTenantsUltimate Nomad ChecklistWeek 41

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Watch the recording of the live presentation of "Mock Tenant Screening" available on:

https://LearnToBeRich.com/mock-tenant-screening/

Mark this task as complete once you've watched it.

ClassesLeaseLease OptionPrepare to be a LandlordProperty ManagementSolving Tenant ChallengesTenant BuyersTenant ScreeningTenantsUltimate Nomad ChecklistWeek 42

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Watch the recording of the live presentation of "The $5,000 Lease Demystified" available on:

https://LearnToBeRich.com/5k-lease-demystified/

Mark this task as complete once you've watched it.

ClassesLeaseLease OptionPrepare to be a LandlordProperty ManagementSolving Tenant ChallengesTenantsUltimate Nomad ChecklistWeek 44

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Watch the recording of the live presentation of "The Lease Option – The Lease Part II" available on:

https://LearnToBeRich.com/the-lease-option-the-lease-part-ii/

Mark this task as complete once you've watched it.

ClassesLease OptionPrepare to be a LandlordProperty ManagementSolving Tenant ChallengesTenant BuyersTenantsUltimate Nomad ChecklistWeek 46

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Watch the recording of the live presentation of "Marketing for Tenants" available on:

https://LearnToBeRich.com/marketing-for-tenants/

Mark this task as complete once you've watched it.

ClassesLeaseLease OptionPrepare to be a LandlordProperty ManagementTenant BuyersTenant ScreeningTenantsUltimate Nomad ChecklistWeek 40Week 55

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Watch the recording of the live presentation of "Property Management Mastery" available on:

https://LearnToBeRich.com/property-management-mastery/

Mark this task as complete once you've watched it.

ClassesPrepare to be a LandlordProperty ManagementSolving Tenant ChallengesTenantsUltimate Nomad ChecklistWeek 45

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Watch the recording of the live presentation of "Solving Tenant Challenges" available on:

https://LearnToBeRich.com/solving-tenant-challenges/

Mark this task as complete once you've watched it.

ClassesPrepare to be a LandlordProperty ManagementSolving Tenant ChallengesTenantsUltimate Nomad ChecklistWeek 47

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Watch the recording of the live presentation of "Tenant Buyer Sales and Marketing" available on:

https://LearnToBeRich.com/tenant-buyer-sales-and-marketing/

Mark this task as complete once you've watched it.

ClassesLease OptionMarketingTenant BuyersUltimate Nomad ChecklistWeek 43

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Watch the recording of the live presentation of "Emergency Plan Workshop" available on:

https://LearnToBeRich.com/emergency-plan-workshop/

Mark this task as complete once you've watched it.

ClassesEmergency PlanUltimate Nomad ChecklistWeek 50

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Watch the recording of the live presentation of "Warning: The Dangers and Risks of Real Estate" available on:

https://LearnToBeRich.com/warning-the-dangers-and-risks-of-real-estate/

Mark this task as complete once you've watched it.

ClassesEmergency PlanUltimate Nomad ChecklistWeek 21

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Watch the recording of the live presentation of "Catch Up Nomad Overview" available on:

https://LearnToBeRich.com/catch-up-nomad-overview/

Mark this task as complete once you've watched it.

Catch Up NomadClassesUltimate Nomad ChecklistWeek 14

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Watch the recording of the live presentation of "Capital Expenses: The Silent Killer" available on:

https://LearnToBeRich.com/cap-ex/

Mark this task as complete once you've watched it.

Analyzing DealsCapital ExpensesClassesUltimate Nomad ChecklistWeek 16

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Watch the recording of the live presentation of "Nomad with Lease Option Exit Overview" available on:

https://LearnToBeRich.com/nomad-with-lease-option-exit-overview/

Mark this task as complete once you've watched it.

ASAPClassesLease OptionTenant BuyersUltimate Nomad ChecklistWeek 17

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Watch the recording of the live presentation of "Analyzing Deals 201: Selling with Lease Option" available on:

https://LearnToBeRich.com/how-to-analyze-a-lease-option-deal-with-brians-spreadsheet/

Mark this task as complete once you've watched it.

Analyzing DealsASAPCash FlowClassesLease OptionNet Operating IncomeReturn On InvestmentTenant BuyersUltimate Nomad ChecklistWeek 19

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Watch the recording of the live presentation of "Fixer Upper Nomad Overview" available on:

https://LearnToBeRich.com/fixer-upper-nomad-overview/

Mark this task as complete once you've watched it.

ClassesFixer Upper NomadUltimate Nomad ChecklistWeek 26

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Watch the recording of the live presentation of "Buy at a Discount to Refi and Hold" available on:

https://LearnToBeRich.com/buying-at-a-discount-to-refi-and-hold/

Mark this task as complete once you've watched it.

BRRRRClassesFixer Upper NomadUltimate Nomad ChecklistWeek 25

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Watch the recording of the live presentation of "Cash Flow Explosion" available on:

https://LearnToBeRich.com/how-to-maximize-rental-property-cash-flow/

Mark this task as complete once you've watched it.

Cash FlowClassesLease OptionNet Operating IncomeReturn On InvestmentTenant BuyersUltimate Nomad ChecklistWeek 48

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Watch the recording of the live presentation of "Return on Investment and Return on Equity" available on:

https://LearnToBeRich.com/return-on-equity-for-nomads/

Mark this task as complete once you've watched it.

AppreciationCash FlowClassesDebt PaydownDepreciationReturn On EquityReturn On InvestmentUltimate Nomad ChecklistWeek 51

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Watch the recording of the live presentation of "Legacy Nomad Overview" available on:

https://LearnToBeRich.com/legacy-nomad-overview/

Mark this task as complete once you've watched it.

ClassesLegacy NomadUltimate Nomad ChecklistWeek 24

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Watch the recording of the live presentation of "Analyzing Deals 301: Multi-Family for Nomads" available on:

https://LearnToBeRich.com/analyzing-deals-301-multi-family-for-nomads/

Mark this task as complete once you've watched it.

Analyzing DealsClassesMulti-FamilyNet Operating IncomeUltimate Nomad ChecklistWeek 20

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Watch the recording of the live presentation of "Asset Protection 101: Overview for Nomads" available on:

https://LearnToBeRich.com/asset-protection-101/

Mark this task as complete once you've watched it.

Asset ProtectionClassesUltimate Nomad ChecklistWeek 22

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Watch the recording of the live presentation of "Asset Protection 102: Document Examples" available on:

https://LearnToBeRich.com/asset-protection-102/

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Asset ProtectionClassesPaperworkUltimate Nomad ChecklistWeek 23

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Watch the recording of the live presentation of "Young Professional Nomad Overview" available on:

http://LearnToBeRich.com/young-professional-nomad-overview/

Mark this task as complete once you've watched it.

ClassesUltimate Nomad ChecklistWeek 24Young Nomad

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Watch the recording of the live presentation of "How to Acquire a Multi-Million Dollar Real Estate Portfolio with just $3,000" available on:

https://LearnToBeRich.com/nomad-just-3000/

Mark this task as complete once you've watched it.

ClassesGet Your First Deal DoneLease OptionNomad BasicsTenant BuyersUltimate Nomad ChecklistWeek 15

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Watch the recording of the live presentation of "Interest Rate Scenarios for Nomads" available on:

https://LearnToBeRich.com/interest-rate-scenarios/

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ClassesFinancingInterest RateUltimate Nomad ChecklistWeek 18

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Watch the recording of the live presentation of "Little Down Nomad Overview" available on:

https://LearnToBeRich.com/little-down-nomad-overview/

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ClassesLittle Down NomadNomad BasicsUltimate Nomad ChecklistWeek 27

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Watch the recording of the live presentation of "Understanding Appreciation – A Guide to Becoming Wealthy with Real Estate for Nomads" available on:

https://LearnToBeRich.com/understanding-appreciation-a-guide-to-becoming-wealthy-with-real-estate-for-nomads/

Mark this task as complete once you've watched it.

AppreciationClassesUltimate Nomad ChecklistUnderstanding AppreciationWeek 28

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Watch the recording of the live presentation of "College Nomad Overview" available on:

https://LearnToBeRich.com/college-nomad-overview/

Mark this task as complete once you've watched it.

ASAPClassesCollege NomadUltimate Nomad ChecklistWeek 29

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Watch the recording of the live presentation of "Northern Colorado Real Estate Markets Stats" available on:

https://LearnToBeRich.com/northern-colorado-real-estate-markets-stats/

Mark this task as complete once you've watched it.

ASAPClassesMarket StatsUltimate Nomad ChecklistWeek 30