Learn that without proper capital raising strategies, entrepreneurs are limited in their business opportunities, or may find themselves in trouble with investment regulators. Mr. Burylo will provide students with an overview of how entrepreneurs can raise investment capital effectively to pursue a variety of different business opportunities, including the acquisition and management of real estate.
Fun and exciting look at tax planning for your real estate acquisitions by tax expert Chris Burylo CPA, CMA. Learn the different approach to real estate tax planning and creative structuring ideas to assist you best in planning your long term tax strategies.
Underwriting guidelines for Rent To Own - What lenders are looking for in Mortgage Underwriting After attending Webinar #1, you are now prepared to go into more detail about a file and how to put together a rent to own deal. This is taking an application and analyzing income, debts on a credit bureau and sizing up the opportunity in knowing if this is the right tenant buyer and home to invest into. We will be looking at what size of down payment should be required, debt elimination and credit rebuilding that will be required for all National Insurers to approve the exit high ratio mortgage in the future. We will be looking in detail of the underwriting rules of rent to own for wording on contracts and minimum beacon score. The length of the program will be looked at and how past debts, consumer proposal or bankruptcy would determine the time to exit a program. You will also get to learn how to price out a deal and how to calculate how much cash flow can be made on the deal and your rate of return.
Discussed in detail of what potential issues to avoid when putting together a rent to own deal. Issues that may cause a mortgage decline for any tenant buyer exiting a rent to own program and leaving you in a difficult position and facing possible litigation. After this training session, you will understand why more than 75% of rent to own deal fail from the beginning. This is a very important workshop to attend if you would are looking to invest in Real Estate and tired of dealing with tenant issues, maintenance and low cash flow. Rent to own is the only investment program that will provide a sizeable security of 5% of the value of the home up front and provide a occupancy payment of 30% above market rents while eliminating all utility and maintenance issues.
In-depth Discussion of Topic: 9 Rules of Credit
- How to get Free copies of your credit reports of both your Equifax and TransUnion reports - Learn how the credit system works – Also known as “Credit Ball” - What is most important to the banks and lenders - Learn the 9 Rules of Credit and why each one is essential to know - Tons of “insider secrets” credit tips and tricks that will save you thousands of dollars - Additional resources and services to remove errors/fraud from credit reports and increase the credit score quickly
Taxing Your Real estate Structures, A Napkin Presentation - Chris Burylo, tax accountant, explores different options and tax consequences of a variety of strategies and structures surrounding your Real estate holdings.
Summary of Information Required for Rental Properties Revenues: 1. Rent Collected // Property Details 1. Original Purchase Price 2. Value of Additions & Improvements 3. Year of Acquisition 4. Style of Property (ie. Apartment, Townhouse, Single Family Home etc.) // Direct Expenses: 1. Interest on Mortgage 2. Utilities Paid 3. Property Taxes 4. Condo Fees 5. Maintenance & Repairs 6. Advertising Costs 7. Travel (if applicable) 8. Legal/Accounting 9. Property Manager Fees // Vehicle: 1. Vehicle Loan Details/Lease Payments 2. Purchase Price 3. Make/Model/Year 4. Gas 5. Maintenance 6. Insurance