Secrets to Improving Cash Flow

Learn the secrets to maximizing cash flow on rentals in San Jose.

This class is Module 26 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include how to improve cash flow:

• When selecting a real estate agent/broker
• Locking/floating your mortgage interest rate
• Searching for less expensive properties
• Searching for pretty properties that don’t need work
• Searching for properties and negotiating for seller concessions
• Searching for properties with creative financing
• When selecting a lender/mortgage broker
• When selecting a loan based on closing costs
• Offering less than list price when buying properties
• Paying for closing costs upfront instead of financing them
• Pre-paying Private Mortgage Insurance (PMI) instead of paying it monthly
• Getting a staggered rate mortgage
• Buying down your mortgage interest rate
• Improving your credit score
• Adding a strong borrower to the loan
• Removing a weak borrower from the loan
• Getting a loan partner
• Signing up for auto-pay
• Having additional accounts or relationship with your lender
• Changing the amortization of the loan including interest only loans, negative amortization loans
• Improving your interest rate from changing loan durations
• Extending the repayment period
• Changing the amount borrowed
• Changing your loan-to-value of the mortgage
• Accepting an adjustable-rate mortgage
• Eliminating PMI
• Pre-paying PMI
• Utilizing a rate and term refinance before acquisition
• Doing a cash out refi to buy/refi a property
• Paying cash for a property instead of financing it
• When getting private or creative financing
• Formally assuming a mortgage
• Changing the term of the lease
• Utilizing lease-options
• Niching down and catering to a specific group of tenants
• Utilizing roommates, renting by bed/bedroom and/or renting by parts
• Subdividing the property
• Upgrading the property
• Installing solar
• Furnishing the property
• Converting the property to more optimal configurations
• Collecting improvement rent
• Optimizing the marketing of the property
• Maximizing exposure when marketing
• Improving your sales skills to tenants and tenant-buyers
• Optimizing showings
• Refinancing the property to extend term and/or improve rate
• Paying off the loan completely
• Correcting inaccurately assessed properties
• Voting to minimize taxes
• Shopping insurance rates
• Changing insurance coverages
• Changing who is insured
• Changing insurance deductibles
• Requesting PMI be removed
• Getting discount for auto-pay
• Getting discount for early payment
• Self-managing the property
• Hiring a professional property manager
• Managing your property manager
• Insisting on best property management practices
• Maintaining your property
• Using quality materials in your property
• Accelerating depreciation
• Offering additional paid services to tenants
• Offering done-for-them services to tenants
• Correctly billing back for services included
• Tiering rent by credit score
• Collecting pet rent
• Changing billing frequency
• Offering auto-pay
• Offering discount for early or on-time payments
• Insisting on ample notice of lease renewal
• Marketing early for next tenant
• Renewing leases during peak season
• Insisting on tenant’s having renter’s insurance
• Plus m