Get Your First Deal Done

The following is the outline and additional resources for the class Get Your First Deal Done.

Watch the 1 hour and 57 minute video recording and see the class outline here:

Class Outline

Many of the topics covered briefly in this recording have entire 1 to 2 hour classes on them.

  • What’s your goal?
  • What is your plan to get there?
  • Plain Vanilla Nomad Model
  • Plan Recommendation
  • What is your “why” for real estate investing?
  • Build Your Team
  • Recap of How to Start
  • Plan… Done! Check! Next Step…
  • Compare Mortgage Broker/Lenders
  • Types of Financing
  • What Can You Afford?
  • Determine Buying Criteria
  • Finding Properties (in the MLS)
  • At the Showing
  • Analyze Property
  • And then… Make the Offer
  • Making an Offer
  • How to Strengthen Your Offer
  • Offer Accepted
  • Inspection
  • Other Deadlines
  • Final Walkthrough
  • Closing
  • After Closing
  • Get the Property Rent Ready
  • Rent to an Amazing Tenant
  • Exit Strategies
  • Things Successful Investors Do

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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/

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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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Talk to your Real Estate Broker how receiving property list emails and MySite works.

Mark this task as complete once you've learned about receiving properties via email and using MySite.

ASAPFirst Meeting: Receive Property ListsGet Your First Deal DoneProperty SearchUltimate Nomad ChecklistWeek 1

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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 "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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Review 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.

Get Your First Deal DoneNomad BasicsPre-ShowingsShowings: Looking at HousesUltimate Nomad ChecklistWeek 3

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Discuss the following tips for when you go on Showings with your Real Estate Broker:

  • Wear easy to remove shoes
  • WARNING: Sellers can easily record audio (and video) of you while inside their home... don't say anything inside the home that you wouldn't say right in front of the Seller. This is especially true of offer price and strategy.
  • Arrive 5 minutes early. Some Showing windows are very strict time ranges.
  • There may be others present at the Showing.
  • If Tenants are present, we typically will ask them questions about the property.
  • Drive/walk around the neighborhood especially if you're interested in the property.
  • Consider using the +/- system to make property notes.

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Get Your First Deal DoneNomad BasicsPre-ShowingsShowings: Looking at HousesUltimate Nomad ChecklistWeek 3

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Discuss the following with your Real Estate Broker when you you're out on a Showing and considering making an offer:

  • Meet the neighbors... tell them you're considering making an offer on the property and ask them how they like the neighborhood.
  • What appliances are included? Which are excluded?
  • What school district is this in?
  • Is the AC included? What type of heat is used in the property?
  • Where is the water disconnect located?
  • What is the age and likely need to replace or update the major, expensive items like:
    furnance, AC, roof, carpet, paint, hot water heater. You'll also check these during inspection.
  • Where are the property lines?
  • Is there adequate parking? Is it owned? Is there adequate garage spaces? Is it owned?
  • What does the HOA cost? What is included?
  • Is there anything from the current "Seller's Property Disclosure"?
  • Is there anything from previous "Seller's Property Disclosure" from past sales?
  • Where is the sewer cleanout?
  • Are there smoke/CO detectors within 15 feet of each bedroom doorway?
  • Does the house already have a radon mitigation system? Is it passive or active?
  • Will you be having a property inspection (it is recommended)? Will you be testing for radon? Mold? Meth? Termiates? Sewer scope?
  • If this is a condo, is it a warrantable or non-warrantable condo?
  • What are the secret broker comments on the "MLS Sheet"?
  • What due diligence documents are you going to want to see?
  • Are there any additional documents provided by the Seller's agent in the MLS?

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Get Your First Deal DoneNomad BasicsPre-ShowingsShowings: Looking at HousesUltimate Nomad ChecklistWeek 3

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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 "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 "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

Improvements

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

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