• Tips regarding price to improve the odds of getting your offer accepted
• How to use appraisal gaps and appraisal waivers and the dangers of doing so
• Using escalation clauses correctly and safely and how to avoid over-paying
• The importance of calling the Seller’s Broker and what to say and what NOT to say
• How to leverage your lender and loan type to improve your chances
• Strengthening your offer using your inspection rights, the risks of doing so and how to mitigate those risks
• The importance and value of using hot sheets
• How to correctly use earnest money as a sign of strength and when to do it (and when not)
• The devastating impact of conditional sales and some alternatives/solutions
• The hidden power of backup positions and why you might want to consider utilizing this strategy

https://realestatefinancialplanner.com/10-tips-to-get-offers-accepted-in-hot-markets/

• Why real estate investing is NOT a get rich quick scheme
• “A great business at a fair price is superior to a fair business at a great price.” — Charlie Munger
• The importance of reserves and James' recommendations for reserves in your real estate investing
• The Return Quadrants™
• The value and benefits of the Nomad™ strategy
• Why focus means both improved speed and improved safety
• That the grass isn't always greener (even if it looks that way)
• The past and what happened in the past does not always equal the future
• Why it is worthwhile to develop a significantly deeper and more nuanced understanding of income and expenses (especially on your rentals)
• The often-overlooked benefits of sharpening the saw

https://realestatefinancialplanner.com/10-things-i-wish-i-knew-before-starting-to-invest-in-real-estate/

• 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/

• The difference between house hacking and the Nomad™ real estate investing strategies
• Why you need to use an appropriate/special lease and create house rules when house hacking
• How to maximize cash flow by optimizing income from the property and minimizing expenses
• What special keywords should you be looking for to find the best house hacking properties when you're buying
• How analyzing deals changes when you're house hacking
• What you need to know about insurance when house hacking
• How to comply with local occupancy laws
• How to limit liability and reduce risk by making sure you implement these health and safety tips
• Financing tips when house hacking including how to use house hacking income to qualify for additional property purchases
• An unlikely reason why you should always report income from your house hacking (and not just because it is the law)
• How fair housing laws impact your house hacking and what you can and can't do under the current law
• The pros and cons when selecting the level of quality in your house hack
• Why and how combining house hacking and Nomad™ can be a powerful 1-2 punch

https://realestatefinancialplanner.com/10-house-hacking-tips-and-tricks-for-real-estate-investors/

• Why it is critically important to develop a strong your insurance agent and truly understand your coverage
• Understanding what risks are insured and to what extent and what risks you are self-insuring and at what the likely extent of your exposure is
• Why it is critically important to limit making insurance claims close to your deductible amount and how that impacts selecting your deductibles to begin with
• Why maximizing your liability coverage on your properties and autos may be the most important thing you do regarding your insurance
• What an umbrella policy is and why or why not get one
• How to compare premium/deductible especially during deal analysis and property acquisition
• What extra coverages are available and which may be worthwhile (like sewer backup, loss assessment coverage, etc)
• What's the difference between replacement versus actual cash value and why you should care… a lot
• The importance of requiring renter policies from your tenants, what it covers and how
• Plus, much much more…

https://realestatefinancialplanner.com/8-money-saving-risk-reducing-real-estate-investor-insurance-tips/