The Nomad™ real estate investing strategy is one of the best available, but it won't be the best for you if you make these all-too-common mistakes. In this class you'll learn to avoid:

Using the wrong financing type and what financing type you should be using instead
Buying the wrong property type (SFH, Condos, Duplex, Triplex, Fourplex) and what properties you should be buying instead
Buying the wrong property (Location, Layouts, Obsolescence, Cap Ex), the criteria you must have and the criteria you should have (when possible)
How to avoid refinancing errors will stop your acquisition plans dead in their tracks
Putting together the wrong team (Real Estate Agent/Broker, Lender, Inspector, Property Manager) and what criteria is most important in selecting a Dream Team
Look away! Look away! Avoiding “Shiny Object Syndrome” (and not starting soon enough, flipping, wholesaling when you should Nomad™ in parallel at the beginning, losing motivation and stalling)
The fatal mistake of not optimizing cash flow (Income, Expenses, Leases including Timing) especially in markets where positive cash flow is hard to come by
Avoiding analysis paralysis and making decisions confidently
Having unrealistic expectations that prevent you from taking action with a plan that thrives for those that take action with even reasonable expectations
Being under capitalized (including reserves) and some simple solutions

https://realestatefinancialplanner.com/9-nastiest-nomad-mistakes/

REFP Treasure Chest

REFP Treasure Chest

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