Secrets to Improving Cash Flow
Learn the secrets to improving and maximizing cash flow on rental properties in Scottsdale.
Learn the secrets to maximizing cash flow on rentals in Scottsdale.
This class is Module 26 of 46 in a series called Real Estate Investing Secrets.
Topics covered in this module include how to improve cash flow:
- When selecting a real estate agent/broker
- Locking/floating your mortgage interest rate
- Searching for less expensive properties
- Searching for pretty properties that don’t need work
- Searching for properties and negotiating for seller concessions
- Searching for properties with creative financing
- When selecting a lender/mortgage broker
- When selecting a loan based on closing costs
- Offering less than list price when buying properties
- Paying for closing costs upfront instead of financing them
- Pre-paying Private Mortgage Insurance (PMI) instead of paying it monthly
- Getting a staggered rate mortgage
- Buying down your mortgage interest rate
- Improving your credit score
- Adding a strong borrower to the loan
- Removing a weak borrower from the loan
- Getting a loan partner
- Signing up for auto-pay
- Having additional accounts or relationship with your lender
- Changing the amortization of the loan including interest only loans, negative amortization loans
- Improving your interest rate from changing loan durations
- Extending the repayment period
- Changing the amount borrowed
- Changing your loan-to-value of the mortgage
- Accepting an adjustable-rate mortgage
- Eliminating PMI
- Pre-paying PMI
- Utilizing a rate and term refinance before acquisition
- Doing a cash out refi to buy/refi a property
- Paying cash for a property instead of financing it
- When getting private or creative financing
- Formally assuming a mortgage
- Changing the term of the lease
- Utilizing lease-options
- Niching down and catering to a specific group of tenants
- Utilizing roommates, renting by bed/bedroom and/or renting by parts
- Subdividing the property
- Upgrading the property
- Installing solar
- Furnishing the property
- Converting the property to more optimal configurations
- Collecting improvement rent
- Optimizing the marketing of the property
- Maximizing exposure when marketing
- Improving your sales skills to tenants and tenant-buyers
- Optimizing showings
- Refinancing the property to extend term and/or improve rate
- Paying off the loan completely
- Correcting inaccurately assessed properties
- Voting to minimize taxes
- Shopping insurance rates
- Changing insurance coverages
- Changing who is insured
- Changing insurance deductibles
- Requesting PMI be removed
- Getting discount for auto-pay
- Getting discount for early payment
- Self-managing the property
- Hiring a professional property manager
- Managing your property manager
- Insisting on best property management practices
- Maintaining your property
- Using quality materials in your property
- Accelerating depreciation
- Offering additional paid services to tenants
- Offering done-for-them services to tenants
- Correctly billing back for services included
- Tiering rent by credit score
- Collecting pet rent
- Changing billing frequency
- Offering auto-pay
- Offering discount for early or on-time payments
- Insisting on ample notice of lease renewal
- Marketing early for next tenant
- Renewing leases during peak season
- Insisting on tenant’s having renter’s insurance
- Plus much more...
Check out the video and additional resources related to Secrets to Improving Cash Flow.
Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.
Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Scottsdale real estate investor podcast? Book a free consultation to discuss.
