All Forum Posts by: James Orr

@Case Roos .... ahhh... very cool. Makes sense. Have you joined the local investor club to you? That would be a good place to meet some folks (in my experience).

Hi @Case Roos... I don't limit it to local folks, but we really focus on growing a local community. Are you running a national club? Or, are you asking for another reason? Thanks!

Thanks @Abel Curiel... that's awesome. I'd love to connect with you a see how we can both improve what we're seeing from the investor clubs we're running. I'll email you directly. Thank you!

I've been running our local real estate investor club in Northern Colorado since 2003. Writing a book on the topic, but wondering if there are any other real estate agents already running clubs in their local market?

@Logan Allec... glad you liked it. The full Nomad is to buy a a property as an owner occupant, move in, live there for at least a year (which is required by the lender), then convert it to a rental and buy the next property as an owner occupant. Repeat until you have the number of rentals you desire. In this case, you're acquiring 10 rentals (and the final 11th property that you live in after that).

The difference in your bank account balance between paying a property manager 11.67% (10% of gross rents plus 20% lease fee) and managing the property yourself when buying one 20% down rental property (in Northern Colorado) over 40 years is:

If you invest the difference in the stock market and could get 8%, the difference becomes:

If you're saving for a second purchase, it delays when you can buy that second property which further compounds the effect of property management fees on your overall net worth.

And doing the full Nomad investing model, it is pretty significant differences.

I am going to write a whole book about the impact on various investing scenarios.

Join us for our weekly Northern Colorado Real Estate Investor Group (NCREIG) class.

This week we are holding a workshop on Tenant Screening. It is one thing to listen to someone explain how to screen tenants but it's something else entirely when you have an application in front of you and you need to evaluate the tenants on your own. At this workshop we give you some sample tenant applications and allow you to work through the process on your own. Then we go over them in detail so you can see how we think about them together. This is a hands-on workshop that will make you much better at screening tenants.

This workshop is free and open to everyone but RSVP is required as space is limited. For additional details and to RSVP please visit us at https://www.meetup.com/Northern-Colorado-Real-Estate-Investor-Group/events/bqbtkpyxgbpb/

Agenda:

5:45pm - Registration Opens
6:00pm - Workshop Start and Introductions
8:00pm - End of Workshop/Networking Begins

We teach a different class every week so check out our calendar to see what topics are coming up next!
https://www.meetup.com/Northern-Colorado-Real-Estate-Investor-Group/events/calendar/

In this episode of the Nomad Real Estate Investing Podcast we discuss how to screen potential tenants. After a brief introduction on how to advertise your rental property we take a deep dive on the criteria you should consider, what questions to ask, and how to evaluate the information all in a fair and legal manner that won't get you in trouble with the Fair Housing Laws.

You can listen to it by using the link below.

https://itunes.apple.com/us/podcast/ncreig-2018-tenant-screening/id1338925560?i=1000406447263&mt=2

Thanks @Tina S.

Join us for our weekly Northern Colorado Real Estate Investor Group class!

This week you will learn what impact property management fees can have on various real estate portfolios.

These classes are open to everyone and curated through MeetUp.com. For additional details and to RSVP to this class please visit us at https://www.Meetup.com/Northern-Colorado-Real-Estate-Investor-Group

It's free but RSVP is required as space is limited.

Agenda:

5:45pm - Registration opens
6:00pm - Class start and Introductions
8:00pm - Class ends/Networking Begins

We teach a different class every week so check out our calendar to see what topics are coming up next!

https://www.Meetup.com/Northern-Colorado-Real-Estate-Investor-Group/events/calendar/