Property Maintenance

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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.

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Property Maintenance
Ultimate Nomad ChecklistWeek 56


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

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Property Maintenance
Ultimate Nomad ChecklistWeek 53

Pre-Occupancy Reminders to Tenant

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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

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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

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.

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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.

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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.

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Contract Deadline: Loan Application DeadlineFinancingUltimate Nomad ChecklistWeek 9


Pay your Lender for Appraisal so they can order it.

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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.

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Change AddressClosing: Immediately AfterUltimate Nomad ChecklistWeek 13


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

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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.

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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.

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Change AddressClosing: Immediately AfterUltimate Nomad ChecklistWeek 13


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

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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.

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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.

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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.

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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.

Premium Nomad Content

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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.

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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).

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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 setup 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.

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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.

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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/

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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/

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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/

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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/

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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/

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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/

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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/

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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/

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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/

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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/

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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/

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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/

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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/

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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/

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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/

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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/

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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/

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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/

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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/

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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/

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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/

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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/

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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/

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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/

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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/

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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/

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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/

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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/

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ASAPClassesMarket StatsUltimate Nomad ChecklistWeek 30