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Updated about 4 years ago on .

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124
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16
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David Page
16
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124
Posts

“The Real Estate Rental Cash Machine”

David Page
Posted

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  • 05/05/21 07:00PM - 09:30PM America/New_York
  • https://register.gotowebinar.com/register/1098177235015840272
  • $19

Disclaimer: BiggerPockets does not support or sponsor any meetups unless otherwise noted. Do your due diligence before attending any events. You may be agreeing to attend an event that includes promotion, pitching, or high-pressure sales tactics or techniques. There may be pitching of products, services or properties at this event!

https://www.baltimorereia.com/the-real-estate-rental-cash-machine-may-2021/

Want to own a property that gives you money like an ATM… a dozen properties… a hundred? Learn how with this class!

You’ve probably seen TV shows or heard from national real estate gurus about the benefits of owning rental property. Some folks call it the B.R.R.R.R. strategy:

Buy the property — you can use cash or get a short-term hard money loan to cover the purchase and rehab costs
Rehab the property — so a good tenant will choose your property instead of someone else’s
Rent the property — Baltimore is famous for bringing you high rent for a modest investment
Refinance the property — get all your cash back (and maybe more), or pay off your hard money loan with a lower-interest loan that lets you earn cashflow month after month
Repeat the process — there’s no financial limit to how many properties you can buy, which means no limit to your monthly cashflow
Yes, rental income can dramatically improve your lifestyle and help you retire comfortably — even early.

What those gurus don’t tell you is how investing in rental property works right here in the Baltimore metro area. What the numbers look like here. Which neighborhoods are good here.

Now local expert Janet Tonkins offers her hard-earned knowledge to you. Janet’s class is packed with vital information and case studies that make the lessons come alive. The full day of content includes:

Why rental properties

Do you want cashflow for passive income ? Tax benefits? A higher net worth? Tax-free money from refinancing? A career change? Generational wealth? You’ve come to the right class!
What it takes to succeed: attitude, discipline, the right team.
How profitable it can be: $100k a year? $250k a year? Yes! It takes time, but it’s doable.
Finding and funding your rentals

21 ways to find rental properties.
Determining how much rental properties cost: purchase, rehab, holding costs, etc.
How to make offers on foreclosures — offers that work for both you and the bank.
13 ways to find the money to finance your business.
Creative financing and how it can help you make more profit on a deal… or get a deal you’d otherwise miss… or both!
The secret technique for buying with no money down — okay, not really a secret, but hardly anyone thinks of it.
Minimizing risk

Evaluating your rentals — determining your formula and sticking with it.
Buying below market value — the key to equity from day one.
Buying in the right area — an area that should stay right — that is, not be declining.
Having reserves — yes, you can leverage your money with debt, but don’t go overboard — stuff happens!
The one risk you should never take.
Getting the lead out (a multi-million-dollar liability issue, and not just in Baltimore City).
Boosting your return
Rehabbing a property to get more rent. (Granite in a rental? You may be surprised.)
Slashing your taxes — why pay more than you have to?
Subsidized housing vs. market rent — myths get busted here.
Refinancing a property, taking out extra cash, and using it to buy more rentals — again and again and again and again…
And much more

Building your team — the players you must have on your bench.
Property management — choosing and keeping tenants.
Who does the management: you or a company you hire.
Showcasing your property for a fast “yes” from a desirable tenant.
Tenant evaluation — how to weed out the bad ones fast, and how to screen the good ones so you know they’re really good.
Tenant move-in tips: how to handle utilities, trash cans, etc.
How you can personally fixed clogged toilets at 3:00 a.m. — not! You’ll hire people to handle this.
Do you see your future here? A future of massive, passive income, with rent arriving every month. It can be your future — if you gain the knowledge to make it a reality. Step one: take this class.