Autoplay
Autocomplete
Previous Lesson
Complete and Continue
Contract-to-Closing
Introduction
How to Get the Most From the Course + Introduce Yourself! (3:54)
Important Disclosure (0:33)
What This Course is All About (3:52)
Diagram - Contract-to-Closing (5:32)
Big Red Flags & Mistakes to Avoid When Buying Properties (6:16)
Coach's Acquisition Closing Checklist (DOWNLOAD)
Course Workbook (DOWNLOAD)
Module 1: How to Put a Deal Under Contract
Intro - What We'll Cover in this Module (2:01)
Lesson #1 - What to do BEFORE going under contract (7:01)
Lesson #2 - The Benefits of Getting a Property Under Contract (3:00)
Lesson #3 - The Team Members You'll Need to Buy a Property (9:28)
Lesson #4 - Contracts 101 - What Does it Mean to Be "Under Contract" (5:54)
Lesson #5 - Key Contract Vocabulary You Need to Know (8:25)
Lesson #6 - Overview of the Paperwork You Need to Buy a Property (2:54)
Lesson #7 - Different Paperwork For a Listed vs Off-Market Property (4:53)
Lesson #8 - How to Put a Property Under Contract (5:49)
Lesson #9 - Coach Reviews a Completed Sample Contract (Section-by-Section) (16:25)
Sample Paperwork
Module 1 Quiz
Module 2: Due Diligence
Intro - What We’ll Cover in Module 2 (3:08)
Lesson #1 - The Goal of Due Diligence (2:33)
Lesson #2 - The Timing of Due Diligence in the Closing Process (3:46)
Lesson #3 - Overview of Pre-Offer Due Diligence (2:00)
Lesson #4 - Pre-Offer Due Diligence - 1 - Market Analysis (3:29)
Lesson #5 - Pre-Offer Due Diligence - 2 - Value Estimate (8:49)
Lesson #6 - Pre-Offer Due Diligence - 3 - Repair Estimate (4:24)
Lesson #7 - Pre-Offer Due Diligence - 4 - the Red Flag Checklist - Intro (1:57)
Lesson #8 - Pre-Offer Due Diligence - 4 - the Red Flag Checklist - General Location (6:00)
Lesson #9 - Pre-Offer Due Diligence - 4 - the Red Flag Checklist - Lot (9:00)
Lesson #10 - Pre-Offer Due Diligence - 4 - the Red Flag Checklist - Building (4:52)
Lesson #11 - Pre-Offer Due Diligence - Financial Analysis (i.e. Running the Numbers) (1:36)
Lesson #12 - Overview of Under Contract Due Diligence Period (2:49)
Lesson #13 - Under Contract Due Diligence - 1 - Verify Value & Rent Assumptions (4:34)
Lesson #14 - Under Contract Due Diligence - 2 - Property Walk-Through (4:37)
Lesson #15 - Under Contract Due Diligence - 3 - Verify Repair Costs (10:32)
Lesson #16 - Under Contract Due Diligence - 4 - Tenant/Lease Due Diligence (6:49)
Lesson #17 - Under Contract Due Diligence - 5 - Financial Due Diligence (6:32)
Lesson #18 - Under Contract Due Diligence - 6 - Insurance (0:55)
Lesson #19 - Under Contract Due Diligence - 7 - Survey (5:13)
Lesson #20 - Under Contract Due Diligence - 7 - Home Owner Association (HOA) Due Diligence (0:53)
Lesson #21 - Under Contract Due Diligence - 7 - Zoning/Local Laws (3:43)
Lesson #22 - How to Make a Go or No-Go Decision After Doing Due Diligence (3:38)
Lesson #23 - How to Renegotiate (or Walk Away) After Finding Problems During Due Diligence (3:57)
Due Diligence Checklist
Pre-Offer - Deal Worksheet + Back-of-Envelope Cheat Sheet
Module 2 Quiz
Module 3: Financing / Funds
Intro - What We’ll Cover in Module #3 (1:20)
Lesson #1 - How Financing Fits Into the Big Picture of Closing on a Property (2:30)
Lesson #2 - How Traditional (aka Bank) Financing Works (4:14)
Lesson #3 - How Private Financing Works (Including Loans From Self-Directed Retirement Accounts) (11:54)
Lesson #4 - How Seller Financing Works (2:39)
Lesson #5 - Financing Vocabulary - Promissory Note (aka Debt) (6:49)
Lesson #6 - Financing Vocabulary - Mortgage / Deed of Trust (3:08)
Lesson #7 - Why (& How) You Should Study Your Loan Paperwork BEFORE Closing (5:02)
Lesson #8 - Financing Vocabulary - Down Payment (3:00)
Lesson #9 - Financing Vocabulary - Closing Costs (4:14)
Lesson #10 - Financing Vocabulary - Interest Rate (12:19)
Lesson #11 - Financing Vocabulary - Amortization Spreadsheets & Calculators (11:48)
Lesson #12 - Financing Vocabulary - Balloon Payments (3:19)
Lesson #13 - How Much Does a Closing Actually Cost You? (10:01)
Lesson #14 - The BRRRR Strategy - a Great Technique if Used Carefully (5:46)
Financing Documents, Sample Closing Costs, & Links
Module 3 Quiz
Module 4: Preparation for Closing
Intro - What We’ll Cover in Module #4 (4:10)
Lesson #1 - The Keys to a Smooth, Stress-Free Closing (3:54)
Lesson #2 - What Actually Happens at a Real Estate Closing? (7:48)
Lesson #3 - The Closing Instructions Letter (7:01)
Lesson #4 - How to Use Coach’s Acquisition Checklist (24:51)
Lesson #5 - Closing Vocabulary - Real Property (9:14)
Lesson #6 - Closing Vocabulary - Deed to Property (5:55)
Lesson #7 - Closing Vocabulary - Legal Description (2:37)
Lesson #8 - Closing Vocabulary - Title (aka Ownership) (5:23)
Lesson #9 - Closing Vocabulary - Title (“Tenancy”) (2:41)
Lesson #10 - Closing Vocabulary - Special Types of Ownership (4:34)
Lesson #11 - Closing Vocabulary - Title Investigation & Title Insurance (5:34)
Lesson #12 - Understanding the Settlement Statement at Closing (9:00)
Lesson #13 - Common Closing Problems & Delays (8:39)
Closing Documents & Links
Module 4 Quiz
Module 5: Post Closing Details
Intro - What We'll Cover in Module #5 (1:42)
Lesson 1 - Begin Repairs ASAP (4:20)
Lesson 2 - Onboarding Existing Tenants (5:15)
Lesson 3 - Bookkeeping & Recordkeeping (5:41)
Lesson 4 - Thank You Notes (3:44)
Lesson 5 - Debrief - Lessons & Improvements (3:54)
Module 5 Quiz
Conclusion
Final Advice From Coach + Student Survey (4:37)
BONUS: February 2021 Live Office Hours With Coach
Thursday February 11th 2021 (Instruction to Join + Replay)
Thursday February 18th, 2021 (Instruction to Join + Replay)
Thursday February 25th, 2021 (Instruction to Join + Replay)
Module 1 - Student Questions
What should you do when advice from your agent conflicts with advice from your property manager? (4:08)
Can a seller back out of a signed contract? (3:55)
How much time should you request for a due diligence period? (4:01)
How can you back out of a contract as a buyer, if needed [Coach’s sample due diligence clause]? (6:54)
Do you need an estoppel letter when buying with existing tenants? Wouldn’t a current lease be enough? (2:24)
What should I do if a seller won’t cooperate during my due diligence contingency period? (9:15)
Should you buy a property in your name or in an LLC? (3:41)
Module 2 - Student Questions
What would you do about a property with ceilings under 7’ tall? (0:49)
Why is an inground pool a negative for you? Is above ground ok? (1:57)
Do you consider the age of a property when deciding to buy it? (2:04)
How do you know the difference between problems that are opportunities and others that you should walk away from? (1:48)
Is finding lead based paint a deal killer? (1:04)
Should you buy a property with a septic tank? (1:36)
Can I immediately raise rent on existing tenants after purchasing a property? (4:04)
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)
What should you do if the seller won’t share tenant & other information? (1:49)
Have you ever bought a property with a title issue or encroachment? [Chad’s bad title story] (1:21)
What are the absolute, must-inspect big red-flag items that could be a deal-killer? (4:58)
What about due diligence for ADA and Fair Housing Compliance? (1:40)
Can you negotiate for a seller to pay your closing costs? (1:42)
Module 3 - Student Questions
How do you negotiate private or seller financing longer than 5 years? (3:22)
How do you draw up a purchase contract for seller financing? (1:55)
Does the property need to be free & clear of debt for seller financing? (1:48)
What’s the benefit of seller financing? (4:02)
What happens with seller financing is the buyer stops making payments? (0:41)
How do you approach a seller asking an attorney for advice on a deal? (0:55)
What’s your opinion on balloons (i.e. early payoffs) with private or seller financing? (2:27)
Are there risks if your lender sells your mortgage to someone else? (0:38)
Do you need 10x the capital expense reserves for 10 properties? Or can you reduce it? (1:55)
How do you feel about having a line of credit for a reserve instead of cash? (1:18)
Is the cashflow lower after a BRRRR deal? (1:50)
Where is the best place to shop for landlord insurance? (1:52)
What are the pros and cons of using a HELOC vs a cash-out refinance? (2:07)
How do you find a good local attorney in your market? (1:51)
Discussion of due diligence and red flags on a potential triplex rental (6:38)
How do I filter and choose the best lender for my property loan? (3:34)
Module 4 - Student Questions
Can you have multiple properties on one mortgage loan? (3:02)
Why would you want title insurance for more than the purchase price? (2:29)
At what point in the process do you send closing instructions? (1:14)
What is the purchase agreement I send along with the closing instructions? (1:01)
How long can a property be vacant before you need a vacant insurance policy (1:05)
What is the difference between a title and a deed? (1:12)
Can you have one deed that conveys title to multiple properties? (0:54)
Do you recommend a final walkthrough the morning of closing? (0:45)
BONUS - Office Hours
Office Hours 2-11-21 (118:25)
Office Hours - 2-18-21 (116:13)
Teach online with
How do you know the difference between problems that are opportunities and others that you should walk away from?
Lesson content locked
If you're already enrolled,
you'll need to login
.
Enroll in Course to Unlock