Real Estate Red Flags

Acquire the skills that come from years of experience when you learn how to avoid pitfalls and safely navigate your transactions.

21
Hrs
Mins
Secs
5
28
43
SEGMENTS DURATION
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INSTRUCTOR

Chris Albin

With an established real estate portfolio of his own, Chris is the owner of over 100 investment properties and manages many more. Chris’ background as a high school English teacher and wrestling coach, as well as service in the United States Marine Corps Reserve, has given him a strong foundation in education. He holds a BA with Teacher Certification from Eastern IL University. He has purchased over 200 properties on a teacher’s salary, and used multiple, creative strategies in doing so.

Description:

"Enjoy the peace of mind that comes when you know you have done everything you can to make sure this next investment is going to deliver the results you have designed into the project. Learn how to spot potential perils in investment properties and how to avoid them before closing. Real estate investor extraordinaire, Chris Albin, with more than 400 properties purchased in his career, takes you through the ins and outs of the due diligence process. Learn what to search for during inspections, how to get more property information from sellers and agents and how to address problems when they arise. Due Diligence is the key for investor success in every transaction.  Master the skill of turning due diligence findings into negotiation strategies and dollars at the closing table, all the while protecting hard-earned investment dollars that are held in escrow. Learn the truth about money, mortgages, and closings, as well as the necessity of mentorship in your investing career. Mentor with the best as Chris Albin guides you through an assessment, and identify red flags that you should look for and be aware of in every real estate transaction.

  • 1

    Pre-Assessment

    This Pre-Assessment is to raise awareness of your current knowledge level and give you a glimpse of the information covered in this course.

  • 2

    Introduction

    Chris Albin uses various student case studies to highlight the importance of understanding real estate investments and recognizing potential red flags.

  • 3

    Foundational Steps

    Understanding the nature of the transaction, the seller's or property's challenges, and being a cautious investor are discussed in this segment.

  • Show all 21 segments

    • 4

      Why Pay For Leads?

      Master the process of obtaining leads in real estate using up-to-date software, employing unique marketing strategies, and maintaining prompt communication.

    • 5

      Find The Challenge

      The class highlights the importance of identifying the seller’s challenge which may include foreclosure, divorce, probate, and other negative circumstances.

    • 6

      The Painted Pig

      Learn the concept of a 'Painted Pig' in real estate and potential legal repercussions related to the SAFE Act and Dodd-Frank Act.

    • 7

      Creative Accounting

      Know the importance of accurately accounting for all expenses, potential vacancies, and the correct calculation methods for investments.

    • 8

      Passive Investing

      Consider the red flags of passive investing, particularly real estate investment trusts (REITs) and private placement memorandums (PPMs.

    • 9

      Inexperienced Investors

      Avoid the common traps of inexperienced investors by understanding the retail market vs. the investor market, the roles of agents and buyers, and the importance of analyzing potential investments from all perspectives.

    • 10

      Deal Analysis

      Learn about deal analysis, focusing on the buyer's perspective. From finding a lead, analyzing the property, making the offer, and due diligence, to closing the deal.

    • 11

      Deal Analysis Example & Breakout Session

      This property analysis simulation broke down the numbers to assess a potential real estate opportunity, with an emphasis on being "a slave to your numbers."

    • 12

      Buy & Hold Analysis Example

      Chris elaborated on a process for purchasing low-cost housing properties, completing repairs, and renting it out to increase net worth over time.

    • 13

      Buy & Hold Analysis Breakout Session

      The class works through a real estate investment situation, where capital gains on real estate aren't taxed until they are actualized, and discusses a property appreciation percentage based on current market trends.

    • 14

      Occupied Rentals

      Know the importance of time in resolving real estate challenges, steps to take when purchasing occupied rental properties, and potential pitfalls.

    • 15

      Questions & Contracts

      Our instructor addresses questions about real estate investment strategies based on market conditions and risks involved with creative acquisitions.

    • 16

      Title Insurance

      Learn the importance of due diligence and acquiring title insurance when purchasing property, with anecdotes and examples from the instructor.

    • 17

      Environmental Issues

      The class segment discusses potential environmental issues related to properties like lead-based paint, asbestos, radon, mold, and meth.

    • 18

      Walter's House Breakout Session

      Concepts are reinforced through a case study analyzing the process of purchasing a property, offering lease options, and dealing with complications.

    • 19

      The Closing

      The class segment provides a comprehensive overview of the differences, terms, and processes involved in a real estate transaction closing.

    • 20

      Beware Of Fear

      The instructor relates a story to encourage students facing potential challenges in real estate to not hold back due to fear, but to take meaningful action, adjust to various circumstances and seek guidance when necessary.

    • 21

      Post-Assessment

      This Post-Assessment is to measure your increased knowledge and see how much information you have retained from the course.

  • 21

    Post-Assessment

    This Post-Assessment is to measure your increased knowledge and see how much information you have retained from the course.