Introduction
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How to Get the Most From the Course + Introduce Yourself! (3:54)
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Important Disclosure (0:33)
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What This Course is All About (3:52)
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Diagram - Contract-to-Closing (5:32)
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Big Red Flags & Mistakes to Avoid When Buying Properties (6:16)
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Coach's Acquisition Closing Checklist (DOWNLOAD)
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Course Workbook (DOWNLOAD)
Module 1: How to Put a Deal Under Contract
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Intro - What We'll Cover in this Module (2:01)
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Lesson #1 - What to do BEFORE going under contract (7:01)
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Lesson #2 - The Benefits of Getting a Property Under Contract (3:00)
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Lesson #3 - The Team Members You'll Need to Buy a Property (9:28)
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Lesson #4 - Contracts 101 - What Does it Mean to Be "Under Contract" (5:54)
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Lesson #5 - Key Contract Vocabulary You Need to Know (8:25)
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Lesson #6 - Overview of the Paperwork You Need to Buy a Property (2:54)
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Lesson #7 - Different Paperwork For a Listed vs Off-Market Property (4:53)
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Lesson #8 - How to Put a Property Under Contract (5:49)
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Lesson #9 - Coach Reviews a Completed Sample Contract (Section-by-Section) (16:25)
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Sample Paperwork
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Module 1 Quiz
Module 2: Due Diligence
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Intro - What We’ll Cover in Module 2 (3:08)
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Lesson #1 - The Goal of Due Diligence (2:33)
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Lesson #2 - The Timing of Due Diligence in the Closing Process (3:46)
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Lesson #3 - Overview of Pre-Offer Due Diligence (2:00)
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Lesson #4 - Pre-Offer Due Diligence - 1 - Market Analysis (3:29)
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Lesson #5 - Pre-Offer Due Diligence - 2 - Value Estimate (8:49)
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Lesson #6 - Pre-Offer Due Diligence - 3 - Repair Estimate (4:24)
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Lesson #7 - Pre-Offer Due Diligence - 4 - the Red Flag Checklist - Intro (1:57)
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Lesson #8 - Pre-Offer Due Diligence - 4 - the Red Flag Checklist - General Location (6:00)
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Lesson #9 - Pre-Offer Due Diligence - 4 - the Red Flag Checklist - Lot (9:00)
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Lesson #10 - Pre-Offer Due Diligence - 4 - the Red Flag Checklist - Building (4:52)
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Lesson #11 - Pre-Offer Due Diligence - Financial Analysis (i.e. Running the Numbers) (1:36)
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Lesson #12 - Overview of Under Contract Due Diligence Period (2:49)
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Lesson #13 - Under Contract Due Diligence - 1 - Verify Value & Rent Assumptions (4:34)
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Lesson #14 - Under Contract Due Diligence - 2 - Property Walk-Through (4:37)
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Lesson #15 - Under Contract Due Diligence - 3 - Verify Repair Costs (10:32)
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Lesson #16 - Under Contract Due Diligence - 4 - Tenant/Lease Due Diligence (6:49)
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Lesson #17 - Under Contract Due Diligence - 5 - Financial Due Diligence (6:32)
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Lesson #18 - Under Contract Due Diligence - 6 - Insurance (0:55)
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Lesson #19 - Under Contract Due Diligence - 7 - Survey (5:13)
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Lesson #20 - Under Contract Due Diligence - 7 - Home Owner Association (HOA) Due Diligence (0:53)
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Lesson #21 - Under Contract Due Diligence - 7 - Zoning/Local Laws (3:43)
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Lesson #22 - How to Make a Go or No-Go Decision After Doing Due Diligence (3:38)
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Lesson #23 - How to Renegotiate (or Walk Away) After Finding Problems During Due Diligence (3:57)
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Due Diligence Checklist
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Pre-Offer - Deal Worksheet + Back-of-Envelope Cheat Sheet
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Module 2 Quiz
Module 3: Financing / Funds
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Intro - What We’ll Cover in Module #3 (1:20)
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Lesson #1 - How Financing Fits Into the Big Picture of Closing on a Property (2:30)
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Lesson #2 - How Traditional (aka Bank) Financing Works (4:14)
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Lesson #3 - How Private Financing Works (Including Loans From Self-Directed Retirement Accounts) (11:54)
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Lesson #4 - How Seller Financing Works (2:39)
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Lesson #5 - Financing Vocabulary - Promissory Note (aka Debt) (6:49)
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Lesson #6 - Financing Vocabulary - Mortgage / Deed of Trust (3:08)
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Lesson #7 - Why (& How) You Should Study Your Loan Paperwork BEFORE Closing (5:02)
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Lesson #8 - Financing Vocabulary - Down Payment (3:00)
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Lesson #9 - Financing Vocabulary - Closing Costs (4:14)
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Lesson #10 - Financing Vocabulary - Interest Rate (12:19)
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Lesson #11 - Financing Vocabulary - Amortization Spreadsheets & Calculators (11:48)
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Lesson #12 - Financing Vocabulary - Balloon Payments (3:19)
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Lesson #13 - How Much Does a Closing Actually Cost You? (10:01)
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Lesson #14 - The BRRRR Strategy - a Great Technique if Used Carefully (5:46)
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Financing Documents, Sample Closing Costs, & Links
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Module 3 Quiz
Module 4: Preparation for Closing
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Intro - What We’ll Cover in Module #4 (4:10)
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Lesson #1 - The Keys to a Smooth, Stress-Free Closing (3:54)
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Lesson #2 - What Actually Happens at a Real Estate Closing? (7:48)
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Lesson #3 - The Closing Instructions Letter (7:01)
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Lesson #4 - How to Use Coach’s Acquisition Checklist (24:51)
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Lesson #5 - Closing Vocabulary - Real Property (9:14)
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Lesson #6 - Closing Vocabulary - Deed to Property (5:55)
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Lesson #7 - Closing Vocabulary - Legal Description (2:37)
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Lesson #8 - Closing Vocabulary - Title (aka Ownership) (5:23)
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Lesson #9 - Closing Vocabulary - Title (“Tenancy”) (2:41)
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Lesson #10 - Closing Vocabulary - Special Types of Ownership (4:34)
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Lesson #11 - Closing Vocabulary - Title Investigation & Title Insurance (5:34)
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Lesson #12 - Understanding the Settlement Statement at Closing (9:00)
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Lesson #13 - Common Closing Problems & Delays (8:39)
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Closing Documents & Links
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Module 4 Quiz
Module 5: Post Closing Details
BONUS: February 2021 Live Office Hours With Coach
Module 1 - Student Questions
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What should you do when advice from your agent conflicts with advice from your property manager? (4:08)
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Can a seller back out of a signed contract? (3:55)
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How much time should you request for a due diligence period? (4:01)
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How can you back out of a contract as a buyer, if needed [Coach’s sample due diligence clause]? (6:54)
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Do you need an estoppel letter when buying with existing tenants? Wouldn’t a current lease be enough? (2:24)
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What should I do if a seller won’t cooperate during my due diligence contingency period? (9:15)
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Should you buy a property in your name or in an LLC? (3:41)
Module 2 - Student Questions
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What would you do about a property with ceilings under 7’ tall? (0:49)
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Why is an inground pool a negative for you? Is above ground ok? (1:57)
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Do you consider the age of a property when deciding to buy it? (2:04)
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How do you know the difference between problems that are opportunities and others that you should walk away from? (1:48)
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Is finding lead based paint a deal killer? (1:04)
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Should you buy a property with a septic tank? (1:36)
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Can I immediately raise rent on existing tenants after purchasing a property? (4:04)
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What happens if you buy a mobile home park and the owner of a mobile home won’t pay your increased lot rent? (1:12)
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What should you do if the seller won’t share tenant & other information? (1:49)
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Have you ever bought a property with a title issue or encroachment? [Chad’s bad title story] (1:21)
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What are the absolute, must-inspect big red-flag items that could be a deal-killer? (4:58)
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What about due diligence for ADA and Fair Housing Compliance? (1:40)
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Can you negotiate for a seller to pay your closing costs? (1:42)
Module 3 - Student Questions
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How do you negotiate private or seller financing longer than 5 years? (3:22)
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How do you draw up a purchase contract for seller financing? (1:55)
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Does the property need to be free & clear of debt for seller financing? (1:48)
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What’s the benefit of seller financing? (4:02)
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What happens with seller financing is the buyer stops making payments? (0:41)
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How do you approach a seller asking an attorney for advice on a deal? (0:55)
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What’s your opinion on balloons (i.e. early payoffs) with private or seller financing? (2:27)
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Are there risks if your lender sells your mortgage to someone else? (0:38)
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Do you need 10x the capital expense reserves for 10 properties? Or can you reduce it? (1:55)
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How do you feel about having a line of credit for a reserve instead of cash? (1:18)
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Is the cashflow lower after a BRRRR deal? (1:50)
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Where is the best place to shop for landlord insurance? (1:52)
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What are the pros and cons of using a HELOC vs a cash-out refinance? (2:07)
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How do you find a good local attorney in your market? (1:51)
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Discussion of due diligence and red flags on a potential triplex rental (6:38)
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How do I filter and choose the best lender for my property loan? (3:34)
Module 4 - Student Questions
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Can you have multiple properties on one mortgage loan? (3:02)
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Why would you want title insurance for more than the purchase price? (2:29)
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At what point in the process do you send closing instructions? (1:14)
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What is the purchase agreement I send along with the closing instructions? (1:01)
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How long can a property be vacant before you need a vacant insurance policy (1:05)
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What is the difference between a title and a deed? (1:12)
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Can you have one deed that conveys title to multiple properties? (0:54)
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Do you recommend a final walkthrough the morning of closing? (0:45)
BONUS - Office Hours
