4.45 out of 5
4.45
23 reviews on Udemy

Generate Passive Income Through Real Estate Investing

CEO and Investor, Joe Correa, Teaches You How to Create Passive Income Using Modern Techniques
Instructor:
Joe Correa
5,892 students enrolled
English [Auto]
You will learn how to create and increase passive income
You will learn how to automate your passive income
You will learn how to choose a property management company
You will learn how to rent your home Airbnb
You will learn how to get discounted prices when buying real estate
You will learn how to overcome problems and unexpected situations
You will learn how to choose an accountant to maximize profits
You will learn how to efficiently management short term and long term rentals
You will learn how to automate your payments
You will learn how to calculate NOI and increase profits
You will learn how to negotiate prices and terms

Learning to generate passive income through real estate investing is a brilliant decision that will change your financial life forever and will allow you to pass it down to your heirs. Passive income is the key to financial independence!

In this modern course, you’ll learn all of the skills necessary to generate passive income from real estate and be able to use these skills in any economy, no matter where you live. From how to set up the perfect offer to listing your home for rent on Airbnb and getting substantial discounts on real estate, these lectures are designed for any one who is interested in replacing job income for passive income. With real world examples demonstrating exactly how to choose the right home and loan program when financing, you’ll learn exactly what to do to create a stable and long lasting income and becoming more efficient in the entire process (so you can repeat the process with other homes).

Main benefits of this course and of investing in real estate for passive income are:

– Make a high income that will require little or no work on your part to maintain once you create it

Most of the worlds millionaires have created their wealth through real estate and so can you.

– Have the flexibility of using this income as an additional source of income besides your job income or simply replacing your job income completely

– Learn what it takes to make a great offer on a home and start accumulating equity in all the homes you buy

– Begin to create passive income through real estate with safer and smarter tactics that minimize risk

If you already know the basics of investing in real estate and want to refresh your memory or are just starting out and want to learn more in depth, then this is the course for you. To reduce your risk and increase your profits, you need to learn from other more experienced investors that have already overcome challenges and know what tactics will be more effective when investing. This course will accelerate your learning and will teach you many new tactics and an efficient process that will save you thousands of hours. You need to know the steps you will need to take to acquire real estate and make it start generating passive income for you. This course will provide you with valuable information that will greatly increase your chances for success.

The first section of this course will take you through three important elements of real estate investing and generating passive income: how passive income works and what other alternatives exist, the benefits of investing in real estate, and what terms and conditions you should be negotiating when making an offer. You will learn how to invest in any economic condition and get the most benefit through different financial tactics. In the second section of this course, you will learn some of the best home buying strategies that exist so you can make money right from the start through equity and passive income.

In the end, you’ll have the tools needed to make the best financial decisions, and be more successful than you ever have been before.

Your instructor

Joseph Correa is a successful passive income real estate investor and is the founder and CEO of Finibi Mortgage, a licensed mortgage brokerage business based out of Orlando, Florida. Having invested in real estate and created passive income, he has perfected the process and has helped others to do the same. In the past, he has also created other forms of passive income besides real estate but believes real estate is the best form of passive income.

Create Passive Income Through Real estate Investing

1
WHY SHOULD YOU START CREATING PASSIVE INCOME?
2
WHO SHOULD START INVESTING IN PASSIVE INCOME
3
HAVING A STRATEGY WHEN BUYING REAL ESTATE
4
HOW TO BUY REAL ESTATE AT A DISCOUNT
5
WHY PEOPLE THINK PASSIVE INCOME IS A MYTH
6
WHY SHOULD YOU INVEST IN REAL ESTATE?
7
WHAT IS PASSIVE INCOME AND WHY IS IT IMPORTANT?
8
WHY IS PASSIVE INCOME DERIVED FROM REAL ESTATE INVESTING A GREAT IDEA?
9
FORMS OF PASSIVE INCOME
10
INSTRUCTOR BACKGROUND
11
WHAT OTHER TYPES OF PASSIVE INCOME EXIST?
12
BENEFITS OF INVESTING IN REAL ESTATE
13
SHOULD I BECOME A REAL ESTATE AGENT TO START INVESTING IN REAL ESTATE?
14
SHOULD I BECOME A LOAN OFFICER TO GET THE BEST RATES?

Important Questions to Ask Yourself When Investing in Real Estate

1
IS IT A GOOD IDEA TO NEGOTIATE THE PRICE OF THE HOME?
2
WHAT OTHER TERMS CAN I NEGOTIATE WITH THE SELLERS?
3
SHOULD I HAVE A HOME INSPECTION DONE?
4
THE INSPECTOR IS OFFERING TO DO A WIND MITIGATION REPORT, IS THIS A GOOD IDEA?
5
WHAT IF THE APPRAISAL COMES BACK LOWER?
6
WHAT IF THE APPRAISAL COMES BACK HIGHER?
7
IS IT STILL A GOOD TIME TO INVEST IN REAL ESTATE?
8
WHAT’S THE BEST TIME OF THE YEAR TO INVEST IN REAL ESTATE?
9
RENTING LONG TERM WITH A SECURITY DEPOSIT, FIRST MONTHS RENT, AND LAST MONTHS
10
RENTING LONG TERM WITH A PROPERTY MANAGEMENT COMPANY
11
PROPERTY MANAGEMENT COMPANIES VERSUS RENTING YOUR HOME YOURSELF
12
AIRBNB MANAGEMENT COMPANIES
13
AIRBNB MANAGEMENT COMPANY FEES
14
HAVING A LIST OF REPAIR CONTACTS READY IN CASE OF AN EMERGENCY
15
Important website links to remember

Creating the Best Home Buying Strategies

1
HOME BUYING STRATEGY #1: MAKING LOW OFFERS AND ASKING FOR SELLERS CONTRIBUTION
2
HOME BUYING STRATEGY #2: MAKING A VERY LOW ALL CASH OFFER
3
HOME BUYING STRATEGY #3: MAKING A REASONABLY DISCOUNTED OFFER
4
HOME BUYING STRATEGY #4: MAKING OFFERS FOR THE EXACT PURCHASE PRICE OR HIGHER
5
GET YOUR REAL ESTATE LICENSE AND BE THE BUYER AND AGENT AND MAKE A 3% COMMISSION
6
OBTAIN BOTH YOUR REAL ESTATE LICENSE AND YOUR LOAN ORIGINATOR LICENSE
7
GETTING THE BEST DEAL POSSIBLE
8
FIND FORECLOSURE HOMES OR AUCTION HOMES AND MAKE LOW OFFERS UNTIL YOU GET A DEAL
9
REQUEST

How to Get The Best Mortgage

1
HOW TO GET THE BEST MORTGAGE RATE
2
FINANCING YOUR INVESTMENT HOME: PART 1
3
MORTGAGE INSURANCE
4
CONVENTIONAL MORTGAGE RATES
5
FHA MORTGAGE RATES
6
INVESTOR CONVENTIONAL LOANS
7
INVESTOR HARD EQUITY LOANS
8
INVESTORS IDEAL FINANCING SITUATION

How to Set up The Perfect Offer

1
SET UP THE PERFECT OFFER
2
KNOW WHAT YOUR HIGHEST PURCHASE PRICE WILL BE BEFORE MAKING AN INITIAL OFFER
3
RESEARCHING MARKET RENTS FOR LONG TERM LEASES
4
RESEARCHING MARKET RENTS FOR SHORT TERM RENTALS AND AIRBNB
5
IS AIRBNB THE BEST OPTION?
6
OFFERING 20% BELOW THE ASKING PRICE
7
ASKING FOR A 3% SELLERS CONTRIBUTION
8
PUTTING A LOW DEPOSIT ON THE CONTRACT
9
GIVING YOURSELF EXTENDED FINANCING APPROVAL TIME FRAMES
10
MAKING THE CLOSING DATE AT LEAST 45 DAYS OUT
11
BE THE BUYER AND THE BUYERS REAL ESTATE AGENT AND INCLUDE IT IN THE CONTRACT
12
MARK THE ASSIGNMENT OF CONTRACT OPTION
13
INCLUDE A FINANCING CONTINGENCY
14
INCLUDE AN APPRAISAL CONTINGENCY

Getting The Perfect Home Loan

1
COMING IN WITH THE LOWEST DOWN PAYMENT
2
USING YOUR RATE TO GET A CLOSING COST CREDIT
3
BUYING DOWN AN INTEREST RATE
4
WAIT TO PAY FOR THE APPRAISAL UNTIL YOU HAVE AN APPROVAL
5
BECOME THE LOAN ORIGINATOR AND THE BUYER TO CONTROL THE DEAL
6
WAIVE ESCROWS TO REDUCE YOUR TOTAL CLOSING COSTS
7
BUY OUT THE LENDERS FEE BY HAVING IT INCLUDED IN THE RATE
8
BUY A HOUSE INSTEAD OF A CONDO TO GET A BETTER RATE
9
CLOSE ON THE LAST DAYS OF THE MONTH TO REDUCE YOUR PREPAID INTEREST
10
GET THE MOST SELLERS CONTRIBUTION POSSIBLE TO COVER ALL OF YOUR CLOSING COSTS
11
REQUEST TO HAVE YOUR FIRST MONTHS PAYMENT 2 MONTHS OUT
12
GET A 15 YEAR MORTGAGE IF YOU CAN AFFORD IT
13
GET A CONVENTIONAL MORTGAGE INSTEAD OF AN FHA MORTGAGE
14
GET A 27 OR 28 OR 29 YEAR MORTGAGE TO REDUCE INTEREST PAYMENTS

Buying Real Estate for Different Purposes

1
WHAT IS AIRBNB?
2
WHAT OTHER SHORT TERM RENTAL WEBSITES ARE AVAILABLE BESIDES AIRBNB?
3
BUYING AS A HOMEOWNER TO RENT ON AIRBNB DAILY
4
BUYING REAL ESTATE AS A LONG TERM INVESTOR
5
BUYING REAL ESTATE WITH THE INTENTION OF RENTING THE HOME ON AIRBNB
6
AIRBNB VS LONG TERM RENTAL
7
WHAT IS A STANDARD LEASE?
8
THE DIFFERENCE BETWEEN INVESTING IN COMMERCIAL REAL ESTATE VERSUS RESIDENTIAL
9
RESIDENTIAL REAL ESTATE APPRECIATION

How The Numbers Play Out

1
CALCULATING TOTAL HOME EXPENSES
2
CALCULATING RENTAL INCOME POTENTIAL
3
HOW RENTAL INCOME WILL BE COLLECTED AND PAID
4
HOW TO CALCULATE YOUR NET RENTAL INCOME
5
TAX BENEFITS OF RENTAL INCOME
6
COMMERCIAL REAL ESTATE NOI CALCULATION
7
WHAT IS EQUITY?
8
WHY IS EQUITY IMPORTANT?

How to Set up Your Investment Home for Airbnb

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