Learn all about investing in real estate in Richmond, Virginia with a combination of real estate financial planning and modeling with numbers specific to Richmond plus syndicated, more generalized recordings of live and pre-recorded real estate investing classes (not all specific to Richmond).
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The Joe Homebuyer Success Profiles Podcast features interviews with franchisees in the Joe Homebuyer system about their experience with Joe Homebuyer, what they did prior to joining the franchise, and stories about their experiences in the real estate investing market.
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Warning - Risks of Tenants Trashing Properties When Investing in Real Estate
45:10
45:10
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In this special class about the dangers, risks and warnings of investing in real estate: The #1 fear that keeps potential landlords and new real estate investors up at night! Expert insights on why this fear is more common among inexperienced landlords and investors in challenging real estate markets. Real-life horror stories of tenants causing sig…
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How to Analyze an All-Cash Rental Property Purchase
1:13:25
1:13:25
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1:13:25
Interested 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 …
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Haunted Houses or Hidden Treasures? Decoding Stigmatized Real Estate
24:53
24:53
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24:53
Life has risks. Investing adds new risks. Investing in real estate adds new risks specific to real estate investing. One risk that is unique to real estate investing is the risk of buying a stigmatized property or having a property become stigmatized while you own it. In this class, James will: Uncover hidden gems in the real estate market and turn…
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Real Estate Investing Through Massive Foreclosure Periods
51:14
51:14
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Real Estate Investing Through Massive Foreclosure Periods Join us for an exclusive episode of the REFP podcast, focusing on "Real Estate Investing Through Massive Foreclosure Periods." In this enlightening episode, you'll dive into the following insights: Discover the secret to making money during economic downturns, a strategy that can set you apa…
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Interview with Vance Courtney of Joe Homebuyer Corporate on Training, Support, and Helping New Franchisees Succeed
27:35
27:35
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27:35
In this episode, we talk with Vance Courtney of Joe Homebuyer Corporate about his roles in training, supporting, and helping new franchisees succeed. Vance shares his story about how he got involved in real estate investing, how he met Mark Stubler and Cody Hofhine and became affiliated with Joe Homebuyer. He also shares specifics about how Joe Hom…
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1
Deal Alchemy™ - Debt Paydown to Cash Flow
25:21
25:21
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Deal Alchemy™ - Debt Paydown to Cash Flow Join us for an exciting and enlightening class with James Orr as he delves into the fascinating world of Deal Alchemy™. In this class, listeners will discover a surprisingly powerful strategy that has the potential to drastically improve cash flow on rental properties. Whether you're considering buying a ne…
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Tax Deductibility of PMI Payments Are you an owner-occupant puzzled by the ever-changing rules around PMI (Private Mortgage Insurance) deductibility? Or perhaps an ambitious real estate investor, hungry to maximize your deductions and supercharge your profits? Then this class is your golden ticket to the world of tax wisdom! Join us for an exhilara…
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1
Functional Obsolescence Unveiled: The Silent Value Killer in Real Estate Investments—and How to Defeat It!
31:05
31:05
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Functional Obsolescence Unveiled: The Silent Value Killer in Real Estate Investments—and How to Defeat It! There's a often overlooked risk of investing in reale state: obsolescence. Whether we're focused on properties that are or will become functionally obsolete or drift directly into economic or physical obsolescence... these are real-world risks…
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How to Analyze an All-Cash Rental Property Purchase
1:08:50
1:08:50
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How 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…
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Interview with Kira Staggers of Joe Homebuyer in Raleigh, North Carolina
41:36
41:36
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41:36
In this episode, we talk with Kira Staggers of Joe Homebuyer in Raleigh, North Carolina who left corporate America as an accountant and financial analyst to join the franchise with no experience in real estate investing at the end of the summer of 2023 and attended training in November of 2023. She shares her story, how she got started, what she lo…
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How Return on Investment Changes Based on Credit Score With PMI
41:52
41:52
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How Return on Investment Changes Based on Credit Score With PMI Does your credit score really matter when you're buying rental properties? Sure, your credit score impacts the mortgage interest rate you can get with traditional mortgages. And yes, your credit score affects how much private mortgage insurance (PMI) will cost. Your credit score can al…
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Is It Better to Buy Rentals with 25% Down or All Cash After Buying an Owner-Occupant?
31:26
31:26
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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…
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The Impact of Buying Properties at a 5% Discount When Nomading™
26:23
26:23
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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 rent…
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Deal Alchemy™ - Black Box Cash Flow Deal Alchemy™ is all about manipulating returns to get the returns you desire most. One variation of Deal Alchemy™ has you think about your rental property investment as a black box. You put money into the black box, some magical things happen over the next few years and out pops profit which you can spend like c…
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Interview with Jordan Budd of Joe Homebuyer in Winston-Salem, North Carolina
39:47
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In this episode, Jordan Budd talks about how he joined the Joe Homebuyer franchise at the end of August / beginning of September 2023 and how he has been growing his business since then. Jordan left a W2 job in early 2022 to learn about real estate, get his real estate license, and did a couple of deals. At the beginning of 2023, he found out that …
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Warning - Risks of Rental Demand Declining When Investing in Real Estate
27:09
27:09
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Warning - Risks of Rental Demand Declining When Investing in Real Estate Risk, risk, risk... Life is full of risks. To a limited degree, we get to choose which risks we voluntarily take on. For example, if you choose to invest in real estate, you choose to take on some additional risks that you might not—directly—face if you opt to invest in someth…
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Private Mortgage Insurance Myths Reputation can be a challenging thing. I have found, through many conversations with clients over the years, that Private Mortgage Insurance (PMI) has a questionable reputation with home buyers in general and investors in particular. However, much of its reputation is based on half-truths, bad information, lies, and…
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Warning - Risks of Neighborhood Decline When Investing in Real Estate
28:23
28:23
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Warning - Risks of Neighborhood Decline When Investing in Real Estate Everything in life has risks. Not investing adds certain types of risks, while investing adds other risks. One risk that some real estate investors face is the possibility that the neighborhood they're investing in will decline, causing values and/or rents to drop. So, how do we …
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How 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…
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How to Analyze Deals with Private Mortgage Insurance (PMI)
12:39
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How to Calculate PMI If you're a house hacker, Nomad™, investor buying properties with less than 20% down, or buying creatively where the seller has PMI, you'll want to make sure you know how to analyze deals that have Private Mortgage Insurance. In this mini-class, James will cover how to analyze deals that have PMI, with an emphasis on doing it u…
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Interview with Kelli Kirkland of Joe Homebuyer in Phoenix, Arizona
36:35
36:35
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In this episode, Kelli Kirkland of Joe Homebuyer in Phoenix, Arizona shares her story about how she got started with Joe Homebuyer, lessons she learned from her first deal, the benefits of the Joe Homebuyer franchise, how the training prepared her for getting her business started, and what she has loved most about being affiliated with Joe Homebuye…
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Is it Better to Pay Off Properties with Cash Flow or In Full When Nomading™?
36:02
36:02
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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, …
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Deal Alchemy™ - Residential vs Commercial Property
14:52
14:52
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Deal Alchemy™ - Residential vs Commercial Property Deal Alchemy™ is all about manipulating the returns you're earning on your investments. Often, this is done through the choices we make when selecting the investment property and the strategies we choose to implement. For example, you could choose to invest in residential properties where your tena…
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Warning - Risks of Loan Called Due When Investing in Real Estate
30:12
30:12
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30:12
Warning - Risks of Loan Called Due When Investing in Real Estate Investing in real estate adds some risk to an already risk-filled life. However, certain activities and strategies when investing in real estate create additional risks that other strategies and activities do not have. For example, choosing to utilize strategies where the lender has t…
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How to Analyze Buying a Rental Property at a Discount
36:48
36:48
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How to Analyze Buying a Rental Property at a Discount in Richmond 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 …
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Interview with Matt Spinks of Joe Homebuyer in Knoxville, Tennessee
29:16
29:16
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29:16
In this episode, I talk with Matt Spinx of Joe Homebuyer in Knoxville, Tennessee, who joined the Joe Homebuyer franchise in August/September 2023 and how he has grown his business since he started. He talks about his early career in plumbing and in HVAC for the past ten years and why he got into wholesaling in the first place in early 2023 after an…
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How to Calculate PMI If you're planning to buy a property and put less than 20% down, you're likely to be required to pay Private Mortgage Insurance. Lenders prefer that you put at least 20% down, but if you insist on putting less than 20% down, they may still make the loan. However, they will usually do so at a slightly higher mortgage interest ra…
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Is it Better to Buy Rentals with 20% Down or For All Cash After Buying an Owner-Occupant First?
31:13
31:13
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31:13
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 …
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Deal Alchemy™ - Increasing Down Payment There are four primary returns from investing in rental properties: appreciation, cash flow, debt paydown, and the tax benefits of depreciation. Additionally, there is a secondary return in the form of the interest earned on the reserves required to make the investment in the first place. Many real estate inv…
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Warning - Risks of Rental Property Expenses When Investing in Real Estate
43:07
43:07
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43:07
Warning - Risks of Rental Property Expenses When Investing in Real Estate Risk is all around us. When we choose to invest in anything, we’re choosing to take on the additional risk characteristics of that investment. For example, when we choose to invest in real estate, we choose to take on the risk characteristics of the specific real estate inves…
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How to Analyze a New Construction Single-Family Home Property
33:49
33:49
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How to Analyze a New Construction Single-Family Home Property in Richmond 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 …
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Interview with Shannon Thompson of Joe Homebuyer in Atlanta, Georgia
38:51
38:51
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38:51
In this episode, we talk with Shannon Thompson of Joe Homebuyer in Atlanta, Georgia about his background and how he got started with Joe Homebuyer. Shannon shares his story and lessons that he has learned since he got into real estate investing in off-market properties and why he is so excited about the future of his business.…
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The 3 Strategies to Pay Private Mortgage Insurance (PMI) Whether they're putting 15% down and buying a non-owner-occupied property or utilizing an owner-occupied loan with 0%, 3%, 3.5%, or 5% down for Nomading™ or house hacking, some real estate investors will choose to put less than 20% down. With the decision to put less than 20% down comes the c…
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Is It Better to Pay Off Rentals Early With Extra Cash Flow or Traditional Nomad™?
31:15
31:15
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31:15
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 fast…
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Deal Alchemy™ - Cash Flow to Debt Paydown
25:59
25:59
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Deal Alchemy™ - Cash Flow to Debt Paydown There are four primary returns from investing in rental properties: appreciation, cash flow, debt paydown, and the tax benefits of depreciation. Additionally, there is a secondary return in the form of the interest earned on the reserves required to make the investment in the first place. Many real estate i…
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Warning - The Risk of Down Payment Size When Investing in Real Estate
47:42
47:42
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47:42
Warning - The Risk of Down Payment Size When Investing in Real Estate Life is full of risks. When we choose to invest, we choose to take on additional risks. If we invest in stocks, we choose to take on certain risks. When we choose to invest in bonds, we take on different risks. When we choose to invest in real estate, we choose to take on additio…
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Interview with Jerry Norton of Flipping Mastery and Partner in 10 Joe Homebuyer Franchise Locations
40:04
40:04
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40:04
In this episode, I talk with Jerry Norton, who is the owner of FlippingMastery.com who recently partnered with Joe Homebuyer in ten new franchise locations which he is running with his top students. Jerry talks about how he got started in franchising, how he met Joe Homebuyer founders Mark and Cody, why he chose to join the Joe Homebuyer franchise,…
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How to Analyze a 5% Down Single-Family Nomad™ Property
36:47
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How to Analyze a 5% Down Single-Family Nomad™ Property in Richmond 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…
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What Affects Your PMI Rate Lenders prefer that you put at least 20% down, but if you push hard enough, many will allow you to put less than 20% down if you're willing to purchase insurance to protect them in case you default. This insurance is called Private Mortgage Insurance. The cost of this insurance depends on several factors. Some are primary…
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Is It Better to Rent or Buy an Owner-Occupant Property for 5% Down When Otherwise Buying 25% Down Rentals?
31:26
31:26
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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…
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Deal Alchemy™ - Lease-Options Different real estate investors desire, prefer, and prioritize different returns. For example, many real estate investors have a strong preference for the cash flow part of their return. With Deal Alchemy™, we can manipulate returns and move them from one area to another. Or, we can move them from one or more areas to …
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Interview with David Turner of Joe Homebuyer in Richmond, Virginia
33:56
33:56
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33:56
In this episode, we talk wtih David Turner of Joe Homebuyer in Richmond, Virginia about his early background in the military and as a military contractor prior to starting his own business and then deciding to start a Joe Homebuyer franchise. He shares his experiences with Joe Homebuyer and why it was the best choice for him even though he didn't h…
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Warning - Insurable Risks When Investing in Real Estate
32:40
32:40
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Warning - Insurable Risks When Investing in Real Estate Life has risks. Real estate investing in Richmond 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 t…
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How to Analyze a 20% Down Single-Family Home Rental
54:21
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How 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 sen…
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Interview with Chris Allen of Joe Homebuyer in Pensacola, Florida
31:43
31:43
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In this episode, Chris Allen of Joe Homebuyer in Pensacola, Florida shares his story about how he started his Joe Homebuyer franchise, why he loves the off-market real estate industry, and how he moved from Arizona and built a team to start a business in Florida.
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What is PMI And How to Avoid It You want to work with a lender so that you don't need to purchase a property with all cash. The lender is willing to lend you money, charging you interest to make a profit, and ensuring there is a safety buffer of equity in case you default and they need to foreclose to recover their funds. Your goal is to minimize t…
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Is It Better to Put 25% Down and Buy 9 Rental Properties After Buying an Owner-Occupant or Nomad™ with 5% Down?
33:20
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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 f…
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Improving Cash Flow on Rental Properties by Improving the Property
28:09
28:09
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Improving Cash Flow on Rental Properties by Improving the Property When real estate prices, mortgage interest rates, and rent rates are high, it can be more challenging to generate great cash flow from a rental property. However, it is also more important than ever to do everything in your power to maximize cash flow. There are 88 strategies for im…
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Refinancing Rental Property Tips There are many flavors of refinancing rental properties: cash-out refinances, cash-in refinances, rate and term refinances, and recasting loans. Understanding each one, when you might want to use them in your real estate investing, the general rules and guidelines for using them, and the impact of each are all impor…
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Financing Tips When Writing an Offer to Buy a Rental
18:57
18:57
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Financing Tips When Writing an Offer to Buy a Rental So, you understand financing for buying your next property, and you're ready to go out in search of a property to buy. There are a few financing-related tips that might help set you up for success, improve the odds of getting your offer accepted, getting the best price and terms on your offer, an…
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