James Elgin - Podcast Details

Shows

Echoes of Elgin: Timeless Tales from the Elgin History Museum Elgin's marrying parson scandalized his flock- as well as his four wivesAre you going to the Elgin History Museum's Bluff City Cemetery Walk this weekend? If so, maybe you will want to visit James Darnell (1888-1939) while you are there. Perhaps he would appreciate the visit; I'm guessing none of his four wives keeps in touch.

2025-09-2605 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of Cash on Cash ROI and Cap RatesLearn the secrets of Cash on Cash ROI and Cap Rates in Elgin. This class is Module 44 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: The difference between capitalization rates and cash on cash return on investment Why some real estate investors prefer one over the other How to calculate each including the basic formula and deep visual dive into all the factors in the calculation Where to see these calculations in your deal analysis spreadsheet Why you might want to improve each and how to improve...

2025-07-1840 min

Echoes of Elgin: Timeless Tales from the Elgin History Museum James T. Gifford, Elgin's FounderThis echo from May 5, 1985 gives a biography of James T. Gifford, Elgin's founder.

2025-07-1508 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of ROI versus Return on EquityLearn the secrets of return on investment and return on equity in Elgin. This class is Module 43 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: The 4 primary returns from rental properties and the additional area of return The Return Quadrant™ with Reserves Why measuring past returns is easy, but predicting future, pro-forma returns are more challenging and nuanced The more speculative, more market-dependent returns on rental properties The less speculative, more certain returns on rental properties The cash now returns on rental properties and the cash later, we...

2025-07-111h 01

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of PartnershipsLearn the secret of real estate investing partnerships in Elgin. This class is Module 42 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What are the 3 partnership roles Applying real estate partnerships to a variety of real estate investing strategies Partnering with the seller… especially when flipping properties What is the marketplace value of each role and job in the partnership How to finance deals when buying in a partnership How various partnerships holding periods and exit strategies vary by real estate investing strategy and partner desires A wa...

2025-07-041h 02

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of Being Preferred ClientLearn the secret of becoming the preferred real estate investor client that real estate agents and brokers in Elgin call first with all the best deals. This class is Module 41 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: How do you get a real estate agent/broker to call you first with the best deals? In other words, how do you become the preferred client that agents/brokers call first with all the best deals? The 6 easy things you can do to get the call What happens...

2025-06-271h 10

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of Analyzing Multi-Family PropertiesLearn the secrets of analyzing multi-family properties in Elgin. This class is Module 39 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: The differences between analyzing a multi-family property with commercial financing and a single-family home with more traditional financing Obviously, the numbers are larger when you’re analyzing multi-family property deals, but what about the nuance of the increases How to deal with the listing and getting info on analyzing these types of deals The difference between actual and pro-forma numbers Why you might not be able to...

2025-06-131h 16

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of Creative FinancingLearn the secrets of creative financing and real estate entrepreneurship in Elgin. This DOUBLE LENGTH class is Module 38 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What is creative financing and how to use it as a real estate investor The 6 types of creative financing Why you should only do deals that are win-win for all involved The benefits and downsides of creative financing as an investor Using jargon versus general discussions… especially with sellers The importance of realizing that you’re not your sellers Why would a se...

2025-06-062h 20

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of 1031 ExchangesLearn the secrets of 1031 tax deferred exchanges in Elgin. This class is Module 37 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What is a 1031 tax-deferred exchange? What are the key aspects of a 1031? The 4 types of 1031 tax-deferred exchanges and when we use each Defining like-kind and understanding what you can sell and buy with exchanges Specific exclusions with 1031 exchanges Refinancing before or after you do a 1031 exchange to pull cash out Why you can’t touch any of the money during the exchange Who can’t be your...

2025-05-301h 09

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of New ConstructionLearn the secrets of buying new construction properties in Elgin. This class is Module 36 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: The pros and cons of investing in real estate with new construction properties What price of new construction should you focus on for investments Different builders, different standards and how to deal with that The downsides of the builder contract for real estate investors Getting ridiculously amazing deals on new construction properties The risks of investing in new construction properties that are different than buying...

2025-05-231h 38

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of Short-Term RentalsLearn the secrets of short-term rental properties in Elgin. This class is Module 35 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What are the different variations of short-term rentals and what are some of the pros and cons of each. What are the most common ways to finance properties that you’re utilizing as a short-term rental? And what are some of the more unusual ways? Are short-term rentals typically an active or passive investment? How long do you typically hold short-term rentals for? And, why might yo...

2025-05-1655 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of Buying Down Mortgage Interest RatesLearn the secrets of improving cash flow by buying down your mortgage interest rates on rental properties in Elgin. This class is Module 34 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: How improving cash flow by buying down your mortgage interest can help you get to financial independence faster and with less risk One way of calculating the benefit of buying down your mortgage interest rate and a better, more sophisticated metric I’d probably use We’re focusing on buying down mortgage interest rates when buying a pr...

2025-05-091h 08

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of Comparable SalesLearn the secrets of comparable sales to determine property value in Elgin. This class is Module 33 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: How do you know if you’re paying a good price for a property you’re buying (not too high)? How do you know if you’re getting for a good price for a property you’re selling (not too low)? Why use comparable sales to determine a property’s value What makes a property comparable? What are the most important factors for finding tr...

2025-05-0253 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of Capital ExpensesLearn the secrets of real estate maintenance and capital expenses Elgin. This class is Module 32 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What’s the difference between capital expenses and maintenance on a rental property? What do I need to do to have my rental property business be a “qualified business” to get the tax advantages from the IRS? A downloadable log to keep the required contemporaneous records for qualified rental property businesses Examples of traditional maintenance versus capital expenses on a rental property How to accoun...

2025-04-251h 02

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of InspectionsLearn the secrets of real estate inspections when buying in Elgin. This class is Module 31 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: An overview the entire inspection process including choices and paperwork required What level of inspection are you doing prior to going under contract? Why dates and deadlines are critically important for keeping your earnest money or preventing a lawsuit What can you inspect during your inspection period… and what’s off limits? Why you need to operate in good faith and what that means Can...

2025-04-181h 08

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of WholesalingLearn the secrets of wholesaling real estate in Elgin. This class is Module 30 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What are the different variations of wholesaling real estate and what are some of the pros and cons of each. What is a strategy similar to wholesaling where you can do half the work and earn the same amount of money… or earn twice as much money easier? What are the most common ways to finance properties that you’re wholesaling? And what are some of the...

2025-04-1153 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of Rent CompsLearn the secrets of determining fair market rent on properties in Elgin. This class is Module 29 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: Why rents are not an exact number and what they really are At the end of the day, what is rent ultimately An overview of an easy method of determining fair market rent, a basic way and an advanced way and which you will likely want to use Why use “comparables” to determine rents What dimensions should we use to determine comps? Which are...

2025-04-0459 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of InsuranceLearn the secrets of insurance for real estate investors in Elgin. This class is Module 28 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: Why you should not be penny-wise and pound-foolish with insurance and your real estate investments. The importance of having a strong relationship with your insurance agent/broker as a real estate investor. The difference between a captive insurance agent and an independent insurance broker… and why it matters. Why insurance policies are like snowflakes… and what you need to do about it. The importance of r...

2025-03-2856 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of Contract to CloseLearn the secrets to what happens while you're under contract to buy an investment property in Elgin. This class is Module 27 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What happens once you’re under contract through when you’re closing on a property? What due diligence should you be doing? Who is responsible for managing the dates and deadlines in a real estate contract? What is meant by good faith? When do you verify rent on the property? When do you bring in a contractor to veri...

2025-03-211h 09

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets to Low and Nothing Down StrategiesLearn the secrets to buying investment properties with little or no down payments in Elgin. This class is Module 25 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What are the loans you use to invest in real estate with little or no down payment? What are the real estate investing strategies you can use to invest in real estate with little or no down payment? Why it makes sense… sometimes… to not do a deal even if it is low or nothing down. What are the best noth...

2025-03-071h 13

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets to Risk Mitigation and EliminationLearn the secrets to eliminating or, at least, mitigating the risks when investing in real estate in Elgin. This class is Module 24 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: How to think about risks in terms of severity and likelihood and which are the most devastating? For each risk: what is it, how can we mitigate its impact or completely eliminate it, and what to do if we find ourselves dealing with each one? Which risks are insurable and can be mitigated or completely eliminated? What...

2025-02-281h 31

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets to BRRRRLearn the secrets to the BRRRR real estate investing strategy in Elgin. This class is Module 23 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What are the different variations of the Buy, Rehab, Rent, Refi (and Repeat)—commonly abbreviated as the BRRRR strategy—and what are some of the pros and cons of each. What are the most common ways to finance BRRRR properties? And what are some of the more unusual ways? Is the BRRRR strategy typically an active or passive investment? How long do you typi...

2025-02-2140 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets to Paperwork to Buy and SellLearn the secrets to the paperwork to buy and sell real estate in Elgin. This class is Module 22 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: How do you get the contracts and disclosures for buying and selling real estate in your market? When and how should you review the paperwork for your real estate investing? What are some of the most common documents and what do they do? What are the major contract sections for the contract to buy and sell? What does each section cover...

2025-02-141h 03

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of Comparing Mortgages and LendersLearn the secrets to comparing mortgages, loans and lenders in Elgin. This class is Module 21 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: Why selecting a lender isn’t always about price… and what are some of the other selection criteria to consider. Why just because one lender says it can’t be done, doesn’t always mean that it can’t be done. The best ways to find a lender. How to call lenders to get quotes. Why you shouldn’t let each lender pull your credit and w...

2025-02-0757 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of Flipping PropertiesLearn the secrets to flipping properties in Elgin. This class is Module 19 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What are the different variations of flipping properties and what are some of the pros and cons of each. What are the most common ways to finance property flips? And what are some of the more unusual ways? Is flipping properties typically an active or passive investment? How long do you typically hold flips? And, why might you change that? How do you typically exit a flip...

2025-01-241h 02

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of BookkeepingLearn the secrets to real estate investor bookkeeping and accounting in Elgin. This class is Module 18 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What are the ways that real estate investors can use to keep their books (track income and expenses) for their real estate investing business? What is the one tool that helps you get and stay organized and allows you to easily share and back up all your digital files? How should you organize your physical/digital files to make it easier to manage...

2025-01-1756 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets to Getting Your First Deal DoneLearn the secrets to getting your first real estate investment deal done in Elgin. This class is Module 17 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: A 90-day plan to buy your first rental property. Why there is nothing difficult to do in the real estate investing business and why it is really all about 1 critical skill that anyone can acquire regardless of age, gender, race or income. The resources you need—and we provide as part of the course—for: Determining your real estate inve...

2025-01-1050 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of Return on InvestmentLearn the secrets of return on investment for rental properties in Elgin. This class is Module 16 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What are the 4 primary areas of return on rental properties? And, what is the secondary return? What time period do we typically look at for returns on rentals? How does that change from analyzing the deal to steady-state of owning the rental property? What are the two types of appreciation? Is appreciation just inflation? How much might appreciation be on a typical rental...

2025-01-0355 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets to House HackingLearn the secrets of house hacking in Elgin. This class is Module 15 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What are the different variations of the house hacking real estate investing strategy and what are some of the pros and cons of each. What are the most common ways to finance house hacking real estate investments? And what are some of the more unusual ways? Is the house hacking real estate investing typically an active or passive investment? How long do you typically hold house hacking...

2024-12-271h 16

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets to FinancingLearn the secrets of financing investment properties in Elgin. This class is Module 14 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What are the 14 financing options for buying rental properties? What is PMI and why would you ever pay for insurance to protect the lender? How paying the lender can improve your cash flow and how accepting a little kickback from the lender can reduce your closing costs. The 5 most common loan programs for funding the purchase of your investment properties. The most common loan program—don’t wo...

2024-12-201h 21

Breaking Walls BW - EP158—008: Christmas Weekend 1944—The Elgin Christmas SpecialSupport Breaking Walls at https://www.patreon.com/thewallbreakers At 4PM eastern time on Christmas Day, CBS broadcast the third annual Elgin watches Christmas party for the men and women in the Armed Forces, guest-starring Jack Benny, George Burns, Gracie Allen, Bob Hope, Bing Crosby, Ginny Simms, and many others. It was hosted by Don Ameche and the announcer was Ken Carpenter. Don Ameche had been an integral part of The Chase and Sanborn Hour, earning a reputation from Edgar Bergen as one of the best comedic ad-libbers in the business. Elgin Watches was first incorporated in August 1864 as the...

2024-12-101h 58

Breaking Walls: The Podcast on the History of American Network Radio Broadcasting BW - EP158—008: Christmas Weekend 1944—The Elgin Christmas SpecialSupport Breaking Walls at https://www.patreon.com/thewallbreakers At 4PM eastern time on Christmas Day, CBS broadcast the third annual Elgin watches Christmas party for the men and women in the Armed Forces, guest-starring Jack Benny, George Burns, Gracie Allen, Bob Hope, Bing Crosby, Ginny Simms, and many others. It was hosted by Don Ameche and the announcer was Ken Carpenter. Don Ameche had been an integral part of The Chase and Sanborn Hour, earning a reputation from Edgar Bergen as one of the best comedic ad-libbers in the business. Elgin Watches was first incorporated in August 1864 as the...

2024-12-101h 58

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets to Selecting an Investor-Friendly Real Estate AgentLearn the secrets of selecting an investor-friendly real estate agent in Elgin. This class is Module 12 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What is the NAR settlement and how will it likely impact buyers and sellers? What’s the difference between real estate agents, brokers, and REALTORS®? What does the real estate agent do in the transaction? What do the other professionals do? What do you do? Pros and cons of working with one real estate agent versus working with multiple real estate agents? How are...

2024-12-061h 22

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of Retirement Catch-UpLearn the secrets of catching up on saving for retirement in Elgin... with an emphasis on using real estate investing. This class is Module 11 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What do you do if you wake up one morning and realize that you’re behind on saving for retirement? What can you do to get back on track? Or, better yet, what can you do to get ahead? Where do most of us begin? What should we do as our first step? What should we...

2024-11-2954 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of Nomad™ Real Estate InvestingLearn the secrets of the Nomad™ real estate investing strategy for Elgin real estate investors. This class is Module 10 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What are the different variations of the Nomad™ real estate investing strategy and what are some of the pros and cons of each. What are the most common ways to finance Nomad™ real estate investments? And what are some of the more unusual ways? Is the Nomad™ real estate investing typically an active or passive investment? How long do you typicall...

2024-11-221h 18

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of Asset ProtectionLearn the secrets of asset protection for Elgin real estate investors. This class is Module 9 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: My top 10 asset protection tips for real estate investors that you’d be a fool to ignore. The importance of getting bespoke legal advice and why you should never rely on free advice from articles, classes, podcast episodes and forum discussions for your unique situation. What happens if someone sues you when you own a rental property... understanding your risks. What if you own mo...

2024-11-151h 24

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of Overcoming Tenant ChallengesLearn how to overcome tenant challenges in Elgin. This class is Module 7 of 46 in a series called Real Estate Investing Secrets. What do you do when you experience the inevitable tenant challenges like: Tenant not paying rent Tenant’s check returned for non-sufficient funds Tenant makes late payment Tenant breaks lease Tenant provides partial payment Roommates break lease Roommate issues/conflicts Tenant not maintaining property Receive city ordinance violation Tenant does not vacate property after lease expires (tenant holdover) Bed bugs in property Receive HOA violation notice Receive noise violation notice Tenant dispute with ne...

2024-11-0152 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of Buy and Hold Real Estate InvestingLearn the secrets to buy and hold real estate investing in Elgin. This class is Module 6 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What are the different variations of the buy and hold real estate investing strategy? Variations based on down payments? Variations based on property types purchased? Variations of rental duration and niche business models? What are the most common ways to finance buy and hold real estate investments? And what are some of the more unusual ways? Is buy and hold real estate investing...

2024-10-251h 07

Have Guitar Will Travel Podcast 135 - Elgin Park (Michael Andrews) the Greyboy Allstars135 - Elgin Park (Michael Andrews) the Greyboy Allstars In episode 135 of “Have Guitar Will Travel”, presented by Vintage Guitar Magazine, host James Patrick Regan speaks with Elgin Park (aka Michael Andrews) guitarist with the Greyboy Allstars, he’s also a producer, television and film score composer. In their conversation Elgin covers what the Greyboy Allstars music is and describes a couple new releases in the works. Elgin tells us about the formation of the Greyboy Allstars as a band behind DJ Greyboy and his beginnings as a guitarist. Elgin describes his first guitars a Harmony Rocket and hi...

2024-10-2300 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets to Marketing to Find TenantsIf you're going to manage properties yourself in Elgin, you're going to need to know how to do the marketing to find tenants. This class is Module 3 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: The 6 “Property Management Mastery” modules included with this course. How to change your thinking about renting a property to a tenant that can improve your marketing and tenant screening. How early should you start marketing your property for rent? Why start then? What are the advantages? And, what must you do if you...

2024-10-041h 02

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Secrets of the 7 Ways to Invest in Real EstateHaving a deep understanding of the 7 key real estate investing strategies is critically important for your success as a real estate investor in Elgin. This class is Module 1 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: The 7 ways to invest in real estate… plus 2 more bonus strategies that we don’t cover Which strategies are great for investing with little or no down payment? Which strategies are great for generating immediate money in your pocket? Which strategies require you to find less-than-common deals in many real estate mark...

2024-09-201h 21

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast How to Analyze an All-Cash Rental Property PurchaseInterested in learning how to analyze deals using The World's Greatest Real Estate Deal Analysis Spreadsheet™? Specifically, do you need to know how to analyze a deal purchased with an interest-only loan? In this special deal analysis, you will: Discover the secret strategy for analyzing the purchase of a rental property with an interest-only loan that can dramatically boost your cash flow. Unveil the power of making extra principal payments on interest-only loans and how it can improve your ROI. Get exclusive access to a step-by-step walkthrough using The World's Greatest Real Estate Deal Analysis Spreadsheet™ to e...

2024-08-161h 13

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast How to Analyze an All-Cash Rental Property PurchaseHow to Analyze an All-Cash Rental Property Purchase Deal analysis is important. Learning how to analyze deals is a critical skill for all real estate investors, whether you're financing 100% of the purchase or buying a property without a loan at all and paying all cash. In this class, we will look at how deal analysis changes when you plan to buy a property for all cash, without a mortgage, using The World's Greatest Real Estate Deal Analysis Spreadsheet™. Or, check out the deal analysis example for Elgin, Illinois: Deal Analysis and Mo...

2024-07-051h 08

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Is It Better to Buy Rentals with 25% Down or All Cash After Buying an Owner-Occupant?So, are you stressing out over higher mortgage interest rates and properties not cash flowing as well as they used to, or in some markets, not having positive cash flow at all... even with 25% down? What's a real estate investor seeking financial independence to do? In this class, we will compare two strategies. In both strategies, you first buy an owner-occupant property with a 5% down payment to live in. Then, in the first strategy, you save up for a 25% down payment and buy a rental property. You repeat this process, stopping only when...

2024-06-2131 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast The Impact of Buying Properties at a 5% Discount When Nomading™So, you're considering Nomading™. Excellent! But as you dig into the details, you may wonder what the impact would be if you chose to buy a more desirable, higher quality, but maybe less optimal property at full price (without a discount), versus focusing on finding a slightly less desirable, slightly lower quality, but slightly more optimized rental property that you can buy at a 5% discount. How will that impact your speed to financial independence? How will that impact your net worth? Find out in this special comparison class, where James compares traditional Nomad™ to N...

2024-06-1426 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast How to Analyze a DuplexHow to Analyze a Duplex Some real estate investors are sensitive to their ability to get ten 30-year fixed rate financing loans and would prefer to fill those loan spots with larger purchases than just single family rental homes. One way to do that is to buy more expensive properties like duplexes, triplexes or fourplexes. In this class, James will walk you through how to analyze a duplex using The World’s Greatest Real Estate Deal Analysis Spreadsheet™. Or, check out the deal analysis example for Elgin, Illinois: Deal Anal...

2024-05-1020 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Is it Better to Pay Off Properties with Cash Flow or In Full When Nomading™?In many cases—not all, but many cases—real estate investors can speed up the time it takes to become financially independent by choosing to pay off the mortgages on their properties early. Sometimes it makes sense to take every extra dollar beyond a healthy amount of reserves and aggressively pay off properties as quickly as possible. Other times, it might be better to invest money that you have earmarked to pay off properties in something else—like the stock market, for example—until you have enough to completely pay off the mortgage in one single large payment...

2024-04-2635 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast How to Analyze Buying a Rental Property at a DiscountHow to Analyze Buying a Rental Property at a Discount in Elgin Some real estate investors insist on only buying properties where they can purchase them at a significant discount. While not mutually exclusive, other investors insist on buying quality properties at a fair price as long as it gets them their desired returns and will stand the test of time. Buffett began as a deep value investor and eventually shifted his focus towards investing in high-quality companies. “It's far better to buy a wonderful company at a fair price than a fair company at a...

2024-04-0536 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Is it Better to Buy Rentals with 20% Down or For All Cash After Buying an Owner-Occupant First?There are a large number of investing strategies you could pursue as a real estate investor: Nomad™, house hacking, fix and flip, buying 20% down rentals, buying 25% down rentals, saving up to buy free and clear rentals and many, many more options. Which is the best? Which gets you to financial independence fastest? Which gives you the highest net worth? Which gives you the highest standard of living in retirement? Which has the lowest amount of risk? Which should you pursue and implement? These are some difficult questions. But, in this mini-class James will compare saving up...

2024-03-2231 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast How to Analyze a New Construction Single-Family Home PropertyHow to Analyze a New Construction Single-Family Home Property in Elgin Your ability to analyze deals is arguably the most important skill as a real estate investor. It allows you to make smart investment decisions and helps you avoid making career-ending bad decisions, such as buying cash-flowing-sucking vampire properties. In this class, James will help you utilize The World's Greatest Real Estate Deal Analysis Spreadsheet™ (a free download) to analyze a new construction single-family home that you plan to buy as an investment. Analyzing new construction is slightly different from analyzing resale properties, an...

2024-03-0133 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Is It Better to Pay Off Rentals Early With Extra Cash Flow or Traditional Nomad™?Investing in real estate is full of truthy-sounding falsehoods: it is always better to do X than Y. However, if you were crazy enough to sit down and do the math, you'd find the truth to be much more nuanced. For example, should you take all your extra cash flow and savings and apply it to your mortgages each month to pay off rental properties faster? And if you do, is that a faster path to financial independence? Does it result in your having a higher overall net worth? A higher overall standard of living in retirement...

2024-02-1631 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast How to Analyze a 5% Down Single-Family Nomad™ PropertyHow to Analyze a 5% Down Single-Family Nomad™ Property in Elgin Using the latest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™, we will walk through how to analyze a single-family home Nomad™ property with a 5% down payment. Learn how to analyze deals correctly and avoid buying cash flow vampires. Only buy the best deals that make sense in this special mini-class, which is part of our deal analysis series. Check out the video from this class here: How to Analyze a 5% Down Single-Family Nomad™ Property - Video Or, chec...

2024-01-2636 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Is It Better to Rent or Buy an Owner-Occupant Property for 5% Down When Otherwise Buying 25% Down Rentals?You're a real estate investor looking to acquire properties by saving up and putting 25% down. Should you buy an owner-occupied property first? What if that's more expensive than renting? Should you still do it? What if it means you'll be saving less for acquiring rentals by buying an owner-occupied property first? In this comparison class, we will put buying 25% down rentals in a head-to-head competition... We will analyze 304 real estate markets and see if you can achieve financial independence faster by buying an owner-occupied property first. We'll also look at your net worth and see if buying...

2024-01-1231 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Warning - Insurable Risks When Investing in Real EstateWarning - Insurable Risks When Investing in Real Estate Life has risks. Real estate investing in Elgin adds some additional risks. Some of these risks can be shifted from your responsibility to the responsibility of a third party for a fee. This is often described as insurance. You choose to pay someone else to take on a risk you don't want to take on yourself. In this mini-class, James will go over a variety of insurable risks that real estate investors experience and how to mitigate or eliminate them. ...

2023-12-2932 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast How to Analyze a 20% Down Single-Family Home RentalHow to Analyze a 20% Down Single-Family Home Rental Using the latest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™, we will walk through how to analyze a single-family home rental property with a 20% down payment. Learn how to analyze deals correctly and avoid buying cash flow vampires. Only buy the best deals that make sense in this special mini-class, which is part of our deal analysis series. Check out the video from this class here: How to Analyze a 20% Down Single-Family Home Rental - Video Or, check ou...

2023-12-2254 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Is It Better to Put 25% Down and Buy 9 Rental Properties After Buying an Owner-Occupant or Nomad™ with 5% Down?Should you use the Nomad™ strategy to acquire properties with a minimal 5% down payment as quickly as possible? Or is it better to be a little more patient and save up for full 25% down payments and buy rentals without moving into each? By saving up for a 25% down payment, the properties will cash flow better. That may allow you to save up faster for subsequent properties and maybe... just maybe... ultimately be able to buy properties faster. If you're buying properties with a 5% down payment, there's a chance they could have negative cash flow—or what...

2023-12-0833 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Is It Better to Sell Properties to Invest in Stocks If That Means Financial Independece When Nomading™?Sometimes buying rental properties is merely a means to an end: financial independence. Some folks don't want to hold onto their rental properties, manage them, or deal with the business of owning them when they achieve financial independence. Instead, they may prefer to have their money more passively invested in stocks. Can a real estate investor buy properties and hold onto them until they can sell off all the rentals, pay all their expenses of the sale—including closing costs, capital gains taxes, depreciation recapture taxes, and real estate commissions—then take the proceeds and invest in the...

2023-11-1030 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Is It Better to Pay Off Your Owner-Occupant Mortgage When Nomading?Most real estate investors consider themselves financially independent when the income from all of their investments exceeds their personal expenses. To achieve this, they need net positive cash flow from all rental properties after all expenses, any income generated from stocks, bonds, or other investments times a safe withdrawal rate, and any social security, pensions or annuities. On the expense side, they need to consider all personal expenses, such as food, taxes, insurance, entertainment, healthcare, and housing. If they have a mortgage on their personal residence, that would include their mortgage payment. However, paying off the mortgage...

2023-10-0622 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Is it Better to Nomad™ or Buy Rentals All Cash?Prices have gone up rapidly in the last few years. And, interest rates are much higher. And even though rents are up, they’re not up enough to counteract the much higher prices and much higher interest rates. That makes it harder to achieve good cash flow with a reasonable down payment. One way to overcome the impact of higher interest rates is to not use loans to buy rental properties. In this comparison mini-class James will compare the Nomad™ real estate investing strategy to taking the significantly longer extra time to save up and buy...

2023-09-0136 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Commercial Loans 101 for Real Estate InvestorsCommercial Loans 101 for Real Estate Investors Recently, we have been covering a variety of financing options for real estate investors. However, we have primarily focused on financing single-family homes, condos, townhomes, duplexes, triplexes, and fourplexes. But what if you're interested in purchasing a commercial building, an apartment with five or more units, or an industrial property? That's where commercial financing comes in. In this mini-class, James will introduce you to commercial financing, explain how it differs from more conventional financing options, and discuss when you might use it as a real estate investor.

2023-08-1118 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Portfolio Loans 101 for Real Estate InvestorsPortfolio Loans 101 for Real Estate Investors Most real estate investors initially use conventional financing options to acquire their rental property portfolio. However, when they hit the limit of conventional loans they can obtain, they may switch to portfolio loan products to continue acquiring properties. Additionally, when doing certain types of partnerships, it may be beneficial to consider portfolio loans. In this mini-class, James covers the basics of portfolio mortgage financing for real estate investors. Check out the video from this class here: Portfolio Loans 101 for Real Estate Investors - Video

2023-08-0424 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Is It Better to Buy 20% Down Rentals or Invest in Stocks?Property prices and interest rates are currently high, while rents are not keeping up. Achieving cash flow has become even more crucial and challenging than ever, despite our 88 strategies to maximize it. One common question that arises is whether it is better to purchase rental properties with 20% down payments or to invest in stocks. Buying rental properties with 20% down allows you to use leverage, which can significantly magnify both good and bad returns. Therefore, selecting the right investment property is crucial to your success or lack thereof. To be fair, you could also leverage yourself...

2023-07-0739 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Is It Better to Buy an Owner-Occupant Property Then Put 20% Down or 25% For Rentals?Property prices and interest rates are high, while rents are lagging. Cash flow is both more important and harder to achieve than ever, even with our 88 strategies to improve and maximize it. Another question common rises to the top of the list: I’m going to buy an owner-occupant property with 5% down first, but then… should you put 20% down when acquiring your rental properties, or should you save up a little more and put 25% down even if it means a slightly slower acquisition pace? Putting 25% down does get you a slightly better interest rate and beca...

2023-06-0940 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Is it Better to Put 20% Down or 25% Down?Property prices and interest rates are high, while rents are lagging. Cash flow is both more important and harder to achieve than ever, even with our 88 strategies to improve and maximize it. Another question common rises to the top of the list: should you put 20% down when acquiring your rental properties, or should you save up a little more and put 25% down even if it means a slightly slower acquisition pace? Putting 25% down does get you a slightly better interest rate and because you’re borrowing less cash flow is slightly better too. Will that ma...

2023-05-1246 min

Down And Nerdy Podcast One Ranger, FROM, The Big Door Prize Interview & Star Wars ReviewsIt's Revenge of the 5th and there's plenty of revenge to start our show! Dean Jagger joins us to talk about the action packed movie, One Ranger from Lionsgate. He'll tell us all about the villainous Declan, how he ended up in Texas, working opposite Thomas Jane and MUCH more! SEE ONE RANGER IN THEATERS OR ON DEMAND NOW!We also continue our series of interviews from the MGM+ series from by taking a ride on the bus. Nathan D. Simmons joins us to talk about playing Elgin on the series. You know we had to ask...

2023-05-051h 00

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Is It Better to Put 5% Down or 20% Down When Buying Rentals?Property prices and interest rates are high, while rents are lagging. Cash flow is both more important and harder to achieve than ever, even with our 88 strategies to improve and maximize it. But a debate still remains: should you use smaller 5% down payments with the Nomad™ real estate investing strategy to acquire your rental properties, or should you save up 20% and buy non-owner-occupant properties at a slightly slower pace? In this special class, James will conduct a thorough comparison of the two strategies across 300 US markets, as the numbers vary depending on your local market's pr...

2023-04-1456 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast How Much Down Payment for Investment Property?How Much Down Payment for Investment Property? Check out the video of this class here: https://realestatefinancialplanner.com/how-much-down-payment-for-investment-property/ In this special mini-class for the Real Estate Financial Planner™ coaching program James covers: The two primary groups of loans for real estate investors... How much down payment for an investment property? Which loans are good for Nomads™ and house hackers in Elgin? The no money down real estate investor loan options. What's interesting about hard money loans, private loans and creative financing? Plus more... Free Real Estate Deal Analysis Spreadsheet: Down...

2023-03-1719 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast What Does Financially Independent Mean?What does financially independent mean? Find out in this special, deep-dive podcast episode. James defines financially independent: Passive Income from things like social security, pensions and annuities Net positive cash flow from rental properties Safe withdrawal rate times other invested assets like stocks and bonds James discusses how you need to have clarity on what financial independence looks like for you... especially as a real estate investor... and then what you need to do to get there. What you NEED to be financially independent is your ultimate destination. That's what your budget looks...

2023-01-271h 24

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast How to Calculate Cash on Cash Return on InvestmentLearn how to calculate Cash on Cash Return on Investment for rental properties in Elgin. James walks you through, step-by-step, how to calculate Cash on Cash Return on Investment for rental properties in Elgin including all the sub-calculations including Gross Potential Income (GPI), Gross Operating Income (GOI), Operating Expenses (OpEx), Net Operating Income (NOI), and Cash Flow. And, where to get every number you'll need to do the calculations yourself. Find out why it is hard to give you an idea of what a typical Cash on Cash Return on Investment calculation might be on...

2023-01-201h 06

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Calculating Cap Rate for Rental Properties: A Step-by-Step GuideLearn how to calculate cap rate on rental properties in Elgin. James walks you through, step-by-step, how to calculate capitalization rate (cap rate) on rental properties in Elgin including all the sub-calculations including Gross Potential Income (GPI), Gross Operating Income (GOI), Operating Expenses (OpEx), and Net Operating Income (NOI). And, where to get every number you'll need to do the calculations yourself. Find out what a typical cap rate might be including some historical cap rates for a variety of investment types. Learn how cap rate is similar to Cash on Cash Return...

2023-01-1343 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Why You Still Might Want to Invest in Real Estate in Elgin Despite High Prices, High Interest Rates, and Lagging RentsReal estate prices in Elgin are high. Mortgage interest rates are high. Rents are lagging in Elgin. Is real estate a good investment in Elgin right now? In this special webinar James discusses why you might still want to invest in real estate in Elgin despite high prices, high interest rates, and lagging rents. James will discuss why Charlie Munger says that the first $100K is the hardest. Plus, why its not ALWAYS just about cash flow with real estate investments and why you still might want to invest in real estate in Elgin despite...

2023-01-061h 02

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Real Estate Nomad™ in ElginThe Nomad™ real estate investing strategy has you buying properties as an owner-occupant, living in them for at least a year… to fulfil your obligations to the lender for getting a low/nothing down loan with better interest rates… then converting them to a rental and moving into a new property. Repeat this until you have the number of rental properties you desire. But, how does the Nomad™ real estate investing strategy work in Elgin with Elgin housing prices, rents, taxes, insurance and rents with today’s interest rates? How quickly can you achieve fi...

2022-11-2658 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Are FHA Loans for Suckers?You can purchase a property in Elgin, Illinois using an FHA loan with just 3.5% down. Heck, sometimes you can even get down payment assistance to help with the 3.5% down payment. But there are other loans with lower down payment options. However, when you put less than 20% down, FHA loans require you buy insurance to protect the lender in case you default on the loan. This insurance… called Mortgage Insurance Premiums (MIP) for FHA loans or the equivalent of Private Mortgage Insurance (PMI) on other types of loans… has both an upfront premium and a mo...

2022-11-2156 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast 10 Things I Wish I Knew Before Starting to Invest in Real EstateThis is a very personal recording of a class I recorded on March 10, 2021 for our real estate investor group in Northern Colorado. In it I share some very failures and what I wish I knew if I was getting started investing in real estate in Elgin. Here's my list of tips: Not Get Rich Quick "A great business at a fair price is superior to a fair business at a great price." – Charlie Munger Reserves Return Quadrants™ Nomad™ Focus Grass Isn’t Always Greener Past does not equal the Future Deeper Understanding of Income and Expe...

2022-10-252h 24

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Having Confidence Modeling Retirement with Real Estate InvestmentsWith rising interest rates in Elgin, some real estate investors wonder what's a reasonable mortgage interest rate to use when planning out their next purchases.This episode was recorded to help real estate investors better understand historical mortgage interest rates and what is reasonable to use when modeling future real estate purchases.If you're buying a property in the next 30-90 days... just call your lender and get the current mortgage rates. But, what interest rate should you use if you're thinking about buying 10 properties over the next 10 years? How confident are you using that...

2022-10-2413 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Is Nomad Dead?!This is a recording of a class I recorded way back in June, 2021 for our real estate investor group in Northern Colorado. So, why am I publishing a class that's over a year old on October 24, 2022? Over the last month, I've had several people suggest to me or ask me if in our current real estate market in Elgin... a real estate market where... Prices are UP... A LOT! Interest rates are UP... A LOT! Demand has cooled off quite a bit. Rents are UP, but not THAT MUCH. Income is UP, but not THAT MUCH. ...

2022-10-242h 03

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Impact of Rapidly Rising Interest Rates on Real Estate InvestorsWith rising interest rates in Elgin, some investors are wondering if real estate investing is dead. This episode was recorded to help real estate investors better understand how much and how quickly interest rates have changed over the last 35 years. Then, with that knowledge, what the impact might be on real estate investors plus the start of a conversation on some possible solutions. Watch the video version of this class: https://realestatefinancialplanner.com/impact-of-rapidly-rising-interest-rates-on-real-estate-investors/ Topics discussed in this class include: Interest rates have gone up rapidly recently. Is this the fastest we've...

2022-10-1247 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Throwback: Future Narrative Process™ for Elgin Real Estate InvestorsLearn this advanced goal setting process for real estate investors called the Future Narrative Process (or Future Narrative Checklist).This is a throwback recording from 2012 when James first taught the process live. Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:https://RealEstateFinancialPlanner.com/spreadsheetImprove Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.Real Estate Agent & Lender Collaborators: Interested in collaborating wi...

2022-09-3050 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Overcoming Hurdles to Real Estate Investing - Part 6 of 6: Inner GameMost real estate investors in Elgin, Illinois face similar challenges, hurdles and obstacles:Where do I get my next down payment from?How do I overcome negative cash flow or improve the cash flow I have?How do I qualify for the best loans?How do I find what I'm missing (deals, dream team, partners, tenants)?How do I commit to achieving my real estate goals, get the courage to act despite fear, gain the capabilities I need or eliminate fears?This class is broken up into 6 parts (published as separate episodes).Topics discussed in...

2022-09-2326 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Overcoming Hurdles to Real Estate Investing - Part 5 of 6: Finding What You're MissingMost real estate investors in Elgin, Illinois face similar challenges, hurdles and obstacles:Where do I get my next down payment from?How do I overcome negative cash flow or improve the cash flow I have?How do I qualify for the best loans?How do I find what I'm missing (deals, dream team, partners, tenants)?How do I commit to achieving my real estate goals, get the courage to act despite fear, gain the capabilities I need or eliminate fears?This class is broken up into 6 parts (published as separate episodes).Topics discussed in...

2022-09-1612 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Overcoming Hurdles to Real Estate Investing - Part 4 of 6: Qualifying for LoansMost real estate investors in Elgin, Illinois face similar challenges, hurdles and obstacles:Where do I get my next down payment from?How do I overcome negative cash flow or improve the cash flow I have?How do I qualify for the best loans?How do I find what I'm missing (deals, dream team, partners, tenants)?How do I commit to achieving my real estate goals, get the courage to act despite fear, gain the capabilities I need or eliminate fears?This class is broken up into 6 parts (published as separate episodes).Topics discussed in...

2022-09-0915 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Overcoming Hurdles to Real Estate Investing - Part 3 of 6: Negative Cash FlowMost real estate investors in Elgin, Illinois face similar challenges, hurdles and obstacles:Where do I get my next down payment from?How do I overcome negative cash flow or improve the cash flow I have?How do I qualify for the best loans?How do I find what I'm missing (deals, dream team, partners, tenants)?How do I commit to achieving my real estate goals, get the courage to act despite fear, gain the capabilities I need or eliminate fears?This class is broken up into 6 parts (published as separate episodes).Topics discussed in...

2022-09-0217 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Overcoming Hurdles to Real Estate Investing - Part 2 of 6: Down PaymentsMost real estate investors in Elgin, Illinois face similar challenges, hurdles and obstacles:Where do I get my next down payment from?How do I overcome negative cash flow or improve the cash flow I have?How do I qualify for the best loans?How do I find what I'm missing (deals, dream team, partners, tenants)?How do I commit to achieving my real estate goals, get the courage to act despite fear, gain the capabilities I need or eliminate fears?This class is broken up into 6 parts (published as separate episodes).Topics discussed in...

2022-08-2624 min

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Rent and Price Resiliency for Real Estate InvestorsHow prepared are you for a drop in rent in Elgin, Illinois? How prepared are you for a drop in property values (price) in Elgin, Illinois? Rent Resiliency™ measures how much rent can drop before you have negative cash flow. Price Resiliency™ measures how much property values (price) can drop before you're upside down, underwater or have negative equity. Learn how to measure and evaluate your individual properties, entire portfolio or entire real estate investing strategy in terms of these measures of risk in this class recording. Topics discussed include: What is resiliency? What is Price Resi...

2022-08-121h 32

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Real Estate Investing Shocks!Unexpected things while investing in real estate can be shocking! Find out the most common real estate investing shocks in Elgin, Illinois and how to mitigate and/or elimiate them completely in this special class. Especially helpful for newer real estate investors that are not aware of some of the things that could go wrong while buying, selling and owning properties as a real estate investor in Elgin. Topics discussed include: What are real estate investing shocks? Dan Sullivan says: If you've got enough money to solve the problem, you don't have the problem. Maybe these...

2022-08-051h 42

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Marketing to Find Off-Market DealsLearn how to find off-market deals in Elgin, Illinois. Especially helpful to find creative financing deals and fixer upper properties using marketing and other strategies. Topics discussed include: How real estate investors find deals from The Millionaire Real Estate Investor book by Gary Keller et al Why Motivated Sellers? Creative Transactions and Fixer Upper Properties. Where are we in the Real Estate Investor Daily Checklist? 1-Step versus 2-Step Marketing The Importance of Being on the Right Side of the Desk Answering Service Questions and how to make an offer on the first call (to your answering...

2022-07-291h 52

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Real Estate PartnershipsA deep-dive into real estate partnerships including the 3 roles: deal maker/syndicator, money partner and loan partner in Elgin, Illinois. Includes a qualitative discussion of what real estate partnerships are and how to do them plus quantitative, numbers-based discussions showing how each partnership role might perform toward a goal of achieving financial independence. Check out our real estate partnerships (and other real estate investing strategies) for Elgin, Illinois:https://RealEstateFinancialPlanner.com/model/IL/Elgin/ Topics discussed include the following for each partnership role: Money, credit and skills required The style of...

2022-07-221h 46

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Creative Financing and Real Estate EntrepreneurshipA deep-dive into creative financing strategies like owner financing, wrap financing, subject to, lease-options, lease-purchases, rent to own, lease to own, agreement for deed, contract for deed and loan assumptions in Elgin, Illinois. Includes a qualitative class discussing what the creative financing strategies are and how to do them plus quantitative, numbers-based discussions showing how creative financing strategies perform toward a goal of achieving financial independence. Check out our creative financing modeling (and other real estate investing strategies) for Elgin, Illinois:https://RealEstateFinancialPlanner.com/model/IL/Elgin/ Topics discussed include: Money...

2022-07-151h 52

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Quick Turn and Flipping PropertiesA deep dive into the flipping properties strategy in Elgin, Illinois. Includes a qualitative class discussing what the quick turn and flipping properties strategy is and how to do it plus quantitative, numbers-based discussions showing how the strategy performs toward a goal of achieving financial independence. Check out our flipping properties modeling (and other real estate investing strategies) for Elgin, Illinois:https://RealEstateFinancialPlanner.com/model/IL/Elgin/ Topics discussed include: Money, credit and skills required The style of this strategy (investor/entrepreneurial) The stability and scalability of this strategy What is...

2022-07-081h 30

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast BRRRR Real Estate Investing StrategyA deep dive into the Buy, Rehab, Rent, Refi and Repeat (BRRRR) strategy in Elgin, Illinois. Includes a qualitative class discussing what the BRRRR strategy is and how to do it plus quantitative, numbers-based discussions showing how the strategy performs toward a goal of achieving financial independence. Check out our BRRRR modeling (and other real estate investing strategies) for Elgin, Illinois:https://RealEstateFinancialPlanner.com/model/IL/Elgin/ Topics discussed include: Money, credit and skills required The style of this strategy (investor/entrepreneurial) The stability and scalability of this strategy What is...

2022-07-011h 18

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast House Hacking Real Estate Investing StrategyA deep dive into the strategy of house hacking in Elgin, Illinois. Includes a qualitative class discussing what the house hacking strategy is and how to do it plus quantitative, numbers-based discussions showing how the strategy performs toward a goal of achieving financial independence. Check out our house hacking modeling (and other real estate investing strategies) for Elgin, Illinois:https://RealEstateFinancialPlanner.com/model/IL/Elgin/ Topics discussed include: Money, credit and skills required The style of this strategy (investor/entrepreneurial) The stability and scalability of this strategy What is your risk...

2022-06-241h 54

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Nomad™ Real Estate Investing StrategyA deep dive into the strategy of buying rental properties utilizing the Nomad™ real estate investing strategy in Elgin, Illinois. Includes a qualitative class discussing what the Nomad™ strategy is and how to do it plus quantitative, numbers-based discussions showing how the strategy performs toward a goal of achieving financial independence. Check out our Nomad™ modeling (and other real estate investing strategies) for Elgin, Illinois:https://RealEstateFinancialPlanner.com/model/IL/Elgin/ Topics discussed include: Money, credit and skills required The style of this strategy (investor/entrepreneurial) The stability and scalability of this s...

2022-06-171h 44

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Buy and Hold Real Estate InvestingA deep dive into the strategy of buying income producing rental properties to buy, hold and rent out in Elgin, Illinois.Includes a qualitative class discussing what the strategy is and how to do it plus quantitative, numbers-based discussions showing how the strategy performs toward a goal of achieving financial independence.Check out our buy and hold modeling (and other real estate investing strategies) for Elgin, Illinois:https://RealEstateFinancialPlanner.com/model/IL/Elgin/Topics discussed include:Money, credit and skills requiredThe style of this strategy (investor/entrepreneurial)The stability...

2022-06-101h 46

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast Real Estate Investing StrategiesJames walks you through all the different real estate investing strategies available to real estate investors and real estate entrepreneurs in Elgin, Illinois.This was a live class recorded to give investors a solid qualitative overview of all the different real estate investing strategies.Watch the video version of this class and download the handouts from the live in-person version:https://realestatefinancialplanner.com/real-estate-investing-strategies-class/Additional ResourcesThe following are additional resources mentioned in the class recording:How to Acquire a Multi-Million Dollar Real Estate Portfolio...

2022-06-032h 07

Elgin Real Estate Investing & Real Estate Financial Planning™ Podcast An Intro to Buy and Hold Real Estate Deal AnalysisJames walks you through all the inputs for the rental property calculator, The World's Greatest Real Estate Deal Analysis Spreadsheet™, for analyzing cash flow on buy and hold properties in Elgin, Illinois.This was a live class recorded for buy and hold real estate investors.Watch the video version of this class and download the handouts from the live in-person version:https://realestatefinancialplanner.com/an-intro-to-buy-and-hold-real-estate-deal-analysis/Additional ResourcesThe following are additional resources mentioned in the class recording:Establishing Your Buying Criteria Workshop - Recording of wo...

2022-05-212h 06

The Bruce St. James Show Big Timber Brilliance Lights Up the Year’s End in ElginRamblin’ Ray, in for Bruce St. James, speaks with Myke Van De Voort, director of marketing for Three Fires Council. Big Timber Brilliance is a walk-through lights experience in Elgin happening through January 2. The Three Fires Council and Scouts in the area were involved in the creation of the show, and they benefit from the proceeds. For information, visit www.bigtimberbrilliance.org.

2021-12-2903 min

Beyond Canal Park Beyond Canal Park.......Interview with Martin JohnstonGreat guest on the Beyond Canal Park Podcast this week as I’m joined by former Cove Rangers, Peterhead & Elgin City striker, Martin Johnston! This episode is sponsored by Butterfly Effect, Insch. Martin talked to me about: 🎙Youth days & playing Junior football 🎙Defender/Goalscoring midfielder at Cove 🎙Senior football with Peterhead 🎙Div. 3 top scorer with Elgin City 🎙League titles & cup wins with Cove Rangers 🎙Characters & Leaders played with 🎙Current battle with MND & fundraising 🎙Best XI Humble, honest and brave discussion with Martin, highly enjoyable couple hours spent talking to him!

2020-09-061h 34

Screen Stuff Podcast #95: POSEPose, with briefer takes on Solo: A Star Wars Story, Jurassic World: Fallen Kingdom, Incredibles 2, and MoviePass (user experience, plus upcoming changes and competition for the service). Elgin and Paul review #PoseFX: Pose (22:00) on FX, created by Steven Canals, Brad Falchuk, and Ryan Murphy and starring Mj Rodriguez, Indya Moore, and Ryan Jamaal Swain, along with Evan Peters, Kate Mara, and James Van Der Beek. Set in late ’80s New York, against the backdrop of the AIDS crisis, Pose follows the lives of three main protagonists — Blanca, Angel, and Damon — in and out of the dow...

2018-06-2600 min

Screen Stuff Podcast #82: THE END OF THE F***ING WORLDThe End of the F***ing World [WARNING: adult language in audio clip], but before that quick takes on All the Money in the World and Baby Driver. Paul and Elgin check out #EndOfTheFuckingWorld: The End of the F***ing World, a UK dramedy from Channel 4, available on Netflix. It’s written by Charlie Covell and directed by Jonathan Entwistle and Lucy Tcherniak, and stars Alex Lawther and Jessica Barden as two alienated British teenagers, James and Alyssa, who run away from home on a long road trip across England. The problem: James may be...

2018-02-0500 min

Screen Stuff Podcast #67: COMRADE DETECTIVE, WHAT WOULD DIPLO DO?, AND SCREENIES AWARDSComrade Detective, What Would Diplo Do?, and the annual Screenies awards (for best scene, performance, and overall work in the past 12 months). Elgin and Paul review #ComradeDetective and #WhatWouldDiploDo: A tongue-in-cheek Cold War satire from a communist perspective, Comrade Detective from Amazon Prime stars the voice talents of Channing Tatum and Joseph Gordon-Levitt, but not their faces. What Would Diplo Do? from VICELAND, stars James Van Der Beek as the EDM star. The former Dawson’s Creek lead also has several writing credits for the episodes. What do we make of the...

2017-09-0400 min