Course "Buying the House You Rent"

Here’s my working course outline for my upcoming course, “Buying the House You Rent.”

Right now it looks like the course will have over 4 hours of video lessons. Target completion date is the end of April.

Course Outline

Introduction
• Welcome
• For You – Advantages and Disadvantages
• For Landlord – Advantages & Disadvantages
• The People You’ll Work With
• The Process – Quick Overview

You and Your Landlord
• Can You Buy?
• Mortgage Calculator Tutorial
• How Landlords Think
• The 6 Types of Landlords
• Ballpark Value & Can Your Landlord Sell?

How to Find Good Team Members
• Loan Officer
• Real Estate Agent
• Real Estate Attorney
• Home Inspector
• Appraiser
• Appraiser – Sample Emails

The Money
• Getting Pre-Approved for a Loan
• Seller Credits
• Getting the Loan

Negotiating Price & Terms
• Overview
• Normal Sales
• Landlord-to-Renter Sales
• Landlord Tries to Talk You Out of Using an Agent or Attorney
• Pricing, Appraisers and Attorneys
• Downside Risk

Property Manager Complications
• Commission-Due-On-Sale-To-Renter Clauses
• Property Manager / Dual Agent

Using Appraisals to Price the Home
• Lender’s Appraisal vs Pricing Appraisal
• Pricing Appraisals
• 1 Split Appraisal vs 2 Appraisals

How to Pitch Your Landlord
• The Game Plan
• Email Pitch – Initial
• Email Pitch – Follow-up

Contract Terms
• From Tentative Agreement to Written Offer
• Seller Credits
• Is the Refrigerator Included?
• Transfer Taxes
• Homeowner & Condo Association Fees
• Home Warranties
• Other Contract Terms

Home Inspections
• Overview of Inspections & Disclosures
• Seller Disclosures
• Home Inspections
• Home Inspection Reports
• Other Inspections
• Repair Negotiations
• Doing Inspections Before Negotiating

The Closing/Settlement Process
• Escrow States vs Attorney States
• Contract Contingencies
• Follow the Money
• What is Escrow?
• Two Types of Escrow Accounts

Cheatsheets
• Tour of the Cheatsheets
• 1) Your Landlord Approaches You
• 2) You Approach Your Landlord
• 3) Property Manager in the Middle

Conclusion
• Unexpected Expenses, etc.
• Conclusion