Heidi Fore Your Guide To Success With Rental Properties

Your Guide To Success With Rental Properties

This course is a compilation of recorded video, 30-minute live sessions on Tuesdays, worksheets to fill out, checklists to follow as your build your portfolio, and spreadsheets that will help you immensely. You have 90 days to complete the course. Repeat the steps in this course over-and-over until you've completely replaced your job income with rental properties' profit. The 12-week series starts over on October 1st.

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Course curriculum

1. Introducing Heidi Fore
2. Please read before proceeding
3. What are the steps from here to financial freedom day?
4. Including these topics
1. Questions to ask yourself
2. Listen to all the different views out there
3. Make a cash flow plan
4. Make a visual cash flow plan
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5. Heidi's Financial Coaching Spreadsheet
6. The Financial Planning checklist
7. Track your net worth each month
8. Live question-and-answer session
1. Types of rental properties you can buy
2. Condos
3. Houses - pros and cons
4. Advice on Short-Term Rentals
5. Multifamilies - pros and cons
6. Mobile home parks and RV parks
7. Commercial and Storage - pros and cons
8. Live question-and-answer session
1. What areas to consider when looking for the right location
2. A "must-have" list and a "won't-buy" list
3. How to compare locations for potential purchases
4. Methods to find properties to buy
5. Links to Sheets
6. Recurring calendar item
7. Step 3 Assignment: What's your buy box?
8. Live question-and-answer session
1. Jargon to know and numbers to know
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2. Evaluate properties in 3 different areas
3. Have a checklist of what to look for when you tour it
4. Have Exit Strategy Options
5. Step 4 Assignment: Compare a similar home in 3 areas - print this and fill it out
6. Live question-and-answer session
1. 20 Ways To Pay For Properties
2. Improve your chances of getting a loan approval
3. Step 5 Assignment - Ask lenders these questions
4. Live question-and-answer session
1. Before writing an offer, do this
2. A website to help you decide what to offer
3. Decide What You Should Offer for a Property
4. Checklist for making an offer
5. Consider forming an LLC to buy the property
6. Checklist to use during option period find out what needs to be repaired
7. Checklist after accepted offer and before closing
8. Checklist after closing
9. Live question-and-answer session
1. Advice on doing repairs
2. Advice on getting your properties ready to rent
3. Checklist for maintenance
4. Special issues and things to do for STRs
5. Increasing the value
6. Assignments
7. What do after a renter moves out
8. Live question-and-answer session
1. Finding great tenants and getting them moved in
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2. What to charge for rent
3. Where to find renters
4. Checklists for advertising a vacancy
5. Companies That Assist with Rental Applications and Tenant Screening for Long Term Rentals
6. Checklist for making an application
7. Notes about choosing renters
8. Advice about leases
9. Checklist for what to include in leases
10. Lease With Option To Purchase
11. Collecting Rent And Handling Evictions
12. Checklist for tenant moving in
13. As soon as rent is late, do this
14. Checklist for tenant moving out
15. Live question-and-answer session
1. Profit tracking
2. What an Income Statement looks like for a property
3. Live question-and-answer session
1. Ask your accountant these questions
2. Cost Segregation Studies
3. Ask a local real estate attorney these questions
4. Ask an asset protection attorney these questions about setting up LLCs and protecting your assets
5. If you form an LLC
6. Papers to keep forever, both the hard copy and online
7. How to find good companies and contractors
8. Questions to ask subcontractors and general contractors before they start
9. Assignment: fill in the Pros tab of your Toolbox spreadsheet
10. Ask an insurance professional these questions
11. Live question-and-answer session
1. Step 13 - reflect and revise
2. Do the math - Should you use the equity in a current property for the next purchase?
3. Using the equity that is building up in the homes
4. Again with the budget
5. Assignment - use the Passive Income tracker tab of the Toolbox Sheet
6. Key Performance Indicators, numbers to track
7. The distance to the finish line
8. Tips to get to Financial Freedom Day faster
9. If you have 20 years until Financial Feedom Day, here is a sample plan to follow
10. If the Freedom Day goal is 5 years away - here's a 5-year plan to have 20 properties
11. Live question-and-answer session
1. Who to hire
2. When to hire a property manager for a long term rental
3. What a property manager does for long term rentals
4. Property managers for short term rentals
5. Checklist things to ask property managers
6. You could hire an assistant to follow these procedures
7. Live question-and-answer session
1. It's Financial Freedom Day...now what?
2. When it makes sense to sell a property from the portfolio
3. Things to consider once you've decided to to sell a property
4. If you are going to owe Capital Gains tax, consider doing a 1031 Exchange
5. Opportunity Zones
6. Action to take - Talk to your family about what will happen to your properties after you're gone
7. Teaching kids and teenagers to be good with money
8. Finish Line Assignment - Print this and write on it
9. Please please please
10. Stay connected and keep learning through these links
11. Next steps after finishing this course

About this course

$398.00
113 lessons
2 hours of video content

Get the on the path to financial freedom through owning rental properties

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AdviceFromHeidi.com Success with rental properties, financial freedom, and teaching kids about money management

Your Guide To Success With Rental Properties

Course curriculum

Introducing your instructor Heidi Fore

Step 1: Clearly envision YOUR path to the Financial Freedom finish line

Step 2: Decide what type of property makes sense for YOU to buy

Step 3: Find potential properties

Step 4: Evaluate the property to ensure it meets the criteria

Step 5: Decide the best way to pay for it

Step 6: Make an offer and close on the property

Step 7: Do repairs and add improvements that will bring in more income or equity

Step 8: Find respectful tenants and get leases signed

Step 9: Track your numbers- income, expenses, rent roll, vacancies, market rent, equity, reserves

Step 10: Get advice from professionals

Step 11: Reflect, revise, repeat. Look at the gap to the finish line, revise budgets, repeat steps 3-10 including using equity to buy more properties

Step 12: Hire someone for roles you don’t want to do anymore

Financial Freedom Day!! You've reached the finish line

About this course

Get the on the path to financial freedom through owning rental properties