Nomad 101

Watch the recording of the live presentation of Nomad 101 FAQs with special guest Jassen Bowman from February 7, 2017.

Watch the 2 hour and 15 minute video and see the class outline here:

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Class Outline

These are the questions answered on the video recording above.

Nomad Basics

  • Do you invent Nomad? How did it come about?
  • Do you have to move in?
  • What are the different Nomad types?
  • Does it work in all cities?
  • Do I need to buy properties at a discount?
  • What is the end goal of Nomad?
  • Do I have to do 10 properties?
  • Where do you get down payment from?
  • I’m overweight, under-employed and not funny, can Nomad help?

Financing Nomad

  • Can you do Nomad with nothing down?
  • What loans do you recommend and in what order do you recommend them for Nomad?
  • If I have more than 5% down, should I put more down?
  • What if I can’t get a loan?
  • What if interest rates go up?

Cash Flow

  • Will I have positive cash flow?
  • How can I improve cash flow?
  • Will this work in cities where I’d have negative cash flow?
  • What if I need cash flow now?
  • Can you speed up getting better cash flow?
  • Are you speculating the rents will increase?

Appreciation

  • Isn’t the entire Nomad model just speculating on appreciation?
  • What do you assume for appreciation when you model Nomad?
  • Is appreciation inflation?
  • What if property values go down?

Equity

  • How do I get equity in the Nomad properties?
  • What do you do with the equity in your properties?
  • Do property values or rents need to go up to get equity from Nomad?

Tax Benefits and Depreciation

  • Do you get tax benefits from doing Nomad?
  • How much is the Depreciation benefit?
  • Why do you say the cash flow from Depreciation?

Selling

  • Do you recommend selling Nomad properties?
  • Do you do a class on selling?
  • Do you recommend using an agent to sell them?
  • Why might you want to sell your properties (and replace them with new ones)?

Renting

  • How do you know what rent to charge?
  • Do you have a lease I can use?
  • How do you screen tenants?
  • What if I can’t get enough rent to support the property?
  • How early do you recommend I start looking for tenants?
  • Do you recommend doing lease options (rent to owns)?
  • Can I use the income from one property to qualify for future purchases?

Asset Protection

  • Should I consult with an attorney?
  • Should I worry about asset protection with Nomad?
  • What do you recommend for asset protection for Nomad?
  • Do you have the paperwork?

Nomad Calculator

  • What is the Nomad Calculator and what does it do?
  • How do I access it?
  • What assumptions should I use for the calculator?
  • What do you have planned for the new calculator?

Nomad Investor Clubs

  • What are the Nomad Investor Clubs?
  • What is your vision for the clubs?
  • How often are classes and meetups?
  • How long does it take you to prepare a presentation?

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Read the "What is Nomad?" blog post on

https://learntoberich.com/what-is-nomad/

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Nomad BasicsUltimate Nomad ChecklistWeek 1

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Read the "Save For College Nomad Overview" blog post on

https://learntoberich.com/save-for-college-nomad/

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College Nomad Nomad Basics

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Read the "Legacy Nomad Overview" blog post on

https://learntoberich.com/legacy-nomad-overview-2/

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Legacy Nomad Nomad Basics

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Read the "Young Nomad Overview" blog post on

https://learntoberich.com/nomad-overview-for-young-professionals/

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Nomad Basics Young Nomad

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Read the "Nomad with Lease Option Exit Book" for your city:

https://LearnToBeRich.com/book/

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Nomad Basics

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Read the "Catch Up For Retirement Nomad Overview" blog post on

https://learntoberich.com/catch-up-for-retirement-nomad-overview/

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Catch Up Nomad Nomad Basics

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Take a moment to look at the Nomad Class Schedule to see the live classes we have coming up near you.

https://learntoberich.com/schedule/

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Nomad Basics

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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/

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Classes Get Your First Deal Done Nomad Basics

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Read "Nomad on $10 Per Hour" blog post:

https://learntoberich.com/nomad-on-10-per-hour/

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Nomad Basics

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

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

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ClassesFinancingGet Your First Deal DoneNomad BasicsUltimate Nomad ChecklistWeek 2

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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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Classes Get Your First Deal Done Nomad Basics

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

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

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ClassesNomad BasicsUltimate Nomad ChecklistWeek 1

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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/

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ClassesDown PaymentFinancingNomad BasicsUltimate Nomad ChecklistWeek 3

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

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

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Classes Get Your First Deal Done Nomad Basics

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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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Classes Closing Get Your First Deal Done Nomad Basics

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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/

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Analyzing Deals Cash Flow Classes Get Your First Deal Done Nomad Basics

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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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Classes Get Your First Deal Done Lease Option Nomad Basics Tenant Buyers

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

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Classes Little Down Nomad Nomad Basics

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Check to see if we have local Nomad Investor Club meetups near you to connect with other local Nomads, real estate agents, lenders and other dream team members:

https://LearnToBeRich.com/meetup/

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Nomad Basics

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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