Learn all about investing in real estate in Lakeland, Florida with a combination of real estate financial planning and modeling with numbers specific to Lakeland plus syndicated, more generalized recordings of live and pre-recorded real estate investing classes (not all specific to Lakeland).
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Welcome to the Relax, I Got This! Podcast – your premium destination for unlocking the world of real estate with confidence and savvy. With our tagline "Elevate Your Real Estate IQ: Learn on the Relax, I Got This! Podcast," we're your trusted resource for all things real estate, designed to empower both newcomers and seasoned enthusiasts. Tune in to gain expert insights, strategic tips, and actionable advice from industry professionals, seasoned investors, and successful homeowners. Our epis ...
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In this episode, I talk about the senior living transitions. In the fall of 2023, my mother, in her late 80s, lost her ability to walk, and we had a lot to figure out for her in a short amount of time. A lot of emotions were felt, and I wanted to share our experiences in the hopes of potentially helping someone else who may be going through a simil…
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How to Analyze an All-Cash Rental Property Purchase
1:13:22
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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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From Dallas to Atlanta / Auburn with Donna Brewer: the Agent-to-Agent Series
31:00
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In this episode of the Agent-to-Agent series of the show, I speak with Donna Brewer, an expert in real estate based in with a fascinating journey. After spending over 20 years in the insurance industry and taking an eight-year break as a devoted Mimi, Donna made a career shift into real estate at the age of 58. Having lived in Forsyth County since …
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Haunted Houses or Hidden Treasures? Decoding Stigmatized Real Estate
24:50
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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
51:11
51:11
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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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Deal Alchemy™ - Debt Paydown to Cash Flow
25:18
25:18
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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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From Dallas to Bayside with Erica Rose Siegel: the Agent-to-Agent Series
48:49
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In this episode of the Agent-to-Agent series of the show, I speak with Erica Rose Siegel, who is based in Bayside, New York. Erica is a passionate real estate professional with over 16 years under her belt; she is dedicated to transforming her clients into the most educated buyers, sellers, and investors. Erica is renowned for her genuine understan…
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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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Functional Obsolescence Unveiled: The Silent Value Killer in Real Estate Investments—and How to Defeat It!
31:02
31:02
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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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From Dallas to Lakeland with Kelly Fain: the Agent-to-Agent Series
27:08
27:08
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In this episode of the Agent-to-Agent series of the show, I speak with Kelly Fain, who is based in Lakeland, Florida. She is a dedicated real estate professional with 10 years of experience. A proud resident of Lakeland, FL, Kelly's journey began at Southeastern University, where she met her husband. Drawn by Lakeland's welcoming community, they ch…
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1
How to Analyze an All-Cash Rental Property Purchase
1:08:47
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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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How Return on Investment Changes Based on Credit Score With PMI
41:49
41:49
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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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From Dallas to Durham/Chapel Hill with Masha Halpern: the Agent-to-Agent Series
25:29
25:29
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In this episode of the Agent-to-Agent series of the show, I speak with Masha Halpern, who is based in Chapel Hill/Durham, NC. Masha is a dedicated real estate broker with over 30 years of experience in the Durham/Chapel Hill area. Masha, a proud Carolina Friends School and UNC-Chapel Hill alum, has deep roots in her community, which she lovingly ca…
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Is It Better to Buy Rentals with 25% Down or All Cash After Buying an Owner-Occupant?
31:23
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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™
26:21
26:21
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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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Warning - Risks of Rental Demand Declining When Investing in Real Estate
27:06
27:06
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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
28:20
28:20
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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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From Dallas to Northeast Florida with Trudy Padilla: the Agent-to-Agent Series
40:52
40:52
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In this episode of the Agent-to-Agent series of the show, I speak with Trudy Padilla, who is based in St Augustine, Florida. Trudy is a seasoned real estate professional with over 30 years of experience, specializing in representing both buyers and sellers in the Northeast Florida market. With a background in mortgage lending and extensive knowledg…
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How to Analyze Deals with Private Mortgage Insurance (PMI)
12:36
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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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From Dallas to Rhode Island with Melanie Ruiz: the Agent-to-Agent Series
27:33
27:33
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In this episode of the Agent-to-Agent series of the show, I speak with Melanie Ruiz, who is based in Rhode Island. Melanie is a future coffeeshop owner building a real estate business to help fund a life creating connections and community. Being a single mom of twins with a remote corporate job offered a lot of opportunity to find fun ways to work …
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Is it Better to Pay Off Properties with Cash Flow or In Full When Nomading™?
35:59
35:59
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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
14:49
14:49
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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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From Dallas to Austin with Allison Pflaum: the Agent-to-Agent Series
22:53
22:53
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In this episode of the Agent-to-Agent series of the show, I speak with Allison Pflaum, who is based in the Austin area. Originally from Florida, Allison now lives in Kyle, just south of Austin, TX. She's a proud mother of two sons and a former teacher turned real estate entrepreneur. With over a decade of experience, she's bought and sold over 10 h…
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Warning - Risks of Loan Called Due When Investing in Real Estate
30:09
30:09
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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
36:45
36:45
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How to Analyze Buying a Rental Property at a Discount in Lakeland 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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From Dallas to Milwaukee with Chris Ruszkiewicz: the Agent-to-Agent Series
30:54
30:54
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In this episode of the Agent-to-Agent series of the show, I speak with Chris Ruszkiewicz, who is based in the Milwaukee area. Chris began her professional journey in 1994 when she obtained her first license and delved into the realm of new construction consultancy for a custom builder. Transitioning to residential real estate sales in 1996, she dis…
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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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From Dallas to Atlanta with Mary Ellen Vanaken: the Agent-to-Agent Series
39:26
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In this episode of the Agent-to-Agent series of the show, I speak with Mary Ellen Vanaken, who is based in the North Atlanta area. Mary Ellen is a seasoned real estate professional originally from Long Island, New York, with a background in finance from her time on Wall Street with JP Morgan. Over the past 25+ years, she has called Alpharetta, Geor…
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Is it Better to Buy Rentals with 20% Down or For All Cash After Buying an Owner-Occupant First?
31:10
31:10
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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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From Dallas to Charlotte with Byron Mims: the Agent-to-Agent Series
26:49
26:49
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In this episode of the Agent-to-Agent series of the show, I speak with Byron Mims, who is based in the Charlotte, North Carolina area. Byron is a licensed Realtor in both North and South Carolina and has called the Charlotte area home for over a decade. Originally from Texas, he developed a deep affection for his current hometown of Charlotte. The …
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From Dallas to Pittsburgh with Jordana Zober Cutitta: the Agent-to-Agent Series
35:24
35:24
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In this episode of the Agent-to-Agent series of the show, I speak with Jordana Zober Cutitta, who is based in the Pittsburgh area. Jordana is a highly experienced real estate professional with nearly 20 years of expertise in guiding clients through the significant financial decisions of buying and selling property. Her lifelong connection to the ci…
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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
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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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From Dallas to Central Florida with Brittany Sacco: the Agent-to-Agent Series
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In this episode of the Agent-to-Agent series of the show, I speak with Brittany Sacco, who is based in the central Florida area, from Lakeland to Champions Gate and beyond. "Finding the 'Florida Dream' one home at a time" is Brittany's ultimate goal. When she moved from Michigan to Florida back in 2013, she came packed with enthusiasm and the energ…
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How to Analyze a New Construction Single-Family Home Property
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How to Analyze a New Construction Single-Family Home Property in Lakeland 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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From Dallas to Southwest Boston with Marilyn Burke: the Agent-to-Agent Series
41:28
41:28
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In this episode of the Agent-to-Agent series of the show, I speak with Marilyn Burke, who is based in the Boston area, but is also licensed in Rhode Island. She has been in the Real Estate game for 20 years, and but also has history as a teacher by degree and a weight loss coach. She had her own weight loss clinic franchise when she found her way i…
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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™?
31:12
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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
25:56
25:56
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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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From Dallas to Chicago with Anne Rosen: the Agent-to-Agent Series
27:51
27:51
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In this episode of the Agent-to-Agent segment of the show, I speak with Anne Rosen, who is based in downtown Chicago. Anne's journey into real estate began during the time that many view as the worst economic time in recent memory, and she was able to defy the rest of the industry's pessimism, as she didn't have any experiences to compare it with. …
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Warning - The Risk of Down Payment Size When Investing in Real Estate
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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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How to Analyze a 5% Down Single-Family Nomad™ Property
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How to Analyze a 5% Down Single-Family Nomad™ Property in Lakeland 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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Making Your Home Your Greatest Asset with Christian Johnson
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In this episode, I'm back with Christian Johnson of Guaranteed Rate, and this time we're talking about the greatest financial asset you probably own: your home. In the past, we've talked about mortgage rates, but those change weekly, so we decided to do something different this time. This time we're talking about what goes on in the finance industr…
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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?
31:23
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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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Warning - Insurable Risks When Investing in Real Estate
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Warning - Insurable Risks When Investing in Real Estate Life has risks. Real estate investing in Lakeland 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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