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Real estate appreciates at a rate far greater than the rate of inflation, builds equity, provides a steady return on investment, provides cash flow, and can offer substantial tax benefits. This handbook is the resource for novices and pros alike; it will guide you through every step of the process of real estate investing. This new exhaustively researched book will arm you with hundreds of innovative ideas that you can put to use right away.
This book gives you the proven strategies and actual case studies from experts to help you invest better and wiser with less time and effort. A sampling of what's covered in this encyclopedic book includes: how to find below-market deals, investing with little or no down payment, seller financing, foreclosures and REOs, investment property, negotiating, purchase offers, managing rental property, flipping, auctions, tax sales, financing, mortgage terms, agents, cash flow, inspections, contracts, tenants, lease agreements, insurance, taxes and accounting, escrow, essential mathematical calculations, sample forms, development, taxation, exchange rules, and regulations.
This book is loaded with case studies and success stories from real people. You will uncover secrets that expert real estate investors use every day.
This comprehensive resource contains a wealth of modern tips and strategies for getting started in this very lucrative area. This book is the foundation for understanding how to invest in real estate.
Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Today, over titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice. Every book has resources, contact information, and web sites of the products or companies discussed.
On the surface, being a landlord seems pretty simple-you buy property, find renters, and the money rolls in. However, as all too many people have found out, it takes an incredible amount of know-how and hard work in order to be successful at it.
Idiot's Guides: Making Money with Rental Properties is written by experts who have made the mistakes, learned the lessons, and have become highly successful at spotting properties with high rental potential, buying them at the right price and time, and finding tenants who pay on time and stay for the long haul.
Readers will learn not only how to spot the right neighborhood and property, but how to buy it, when not to buy it, how to find the right tenants, how to manage the money flow, and more. In addition, readers will learn what to do when things go wrong, what legal protections they as well as the tenants have, and how to do it all without going broke and losing their minds in the process.
FLIP provides a detailed, step-by-step process to analyze each investment, identify the best improvements, accurately estimate the costs and intelligently oversee the construction.
It takes out all the guess work and almost all of the risk. FLIP is an indispensable step-by-step guide to flipping houses that you will refer to again and again. This book is a must-read for any investor. Every agent should have this book. They should read it and master its contents. Because it is the best guide ever written on how to evaluate real estate and how to add value to a house. Based on their involvement in over a 1, flips, Rick Villani and Clay Davis walk you through the proven five-stage model for successfully flipping a house: FIND: How to select ideal neighborhoods, attract sellers, and find houses with investment potential ANALYZE: Identify which improvements to make and analyze the profit potential of any house BUY: How to arrange financing, present the offer, and close on the purchase FIX: A step, easy-to-follow plan for fixing up houses that keeps you on time, in budget and assures top quality SELL: How to add finishing touches to quickly sell for maximum profit Woven through the book is an entertaining narrative that follows the flipping adventures of Samantha, Ed, Bill, Nancy, Amy and Mitch as they find, buy, fix and sell their first investment houses.
With all this plus the experience of over a thousand flips condensed into one book, FLIP gives new investors the tools they need to avoid common pitfalls, make a profit, and enjoy the process of house flipping.
HomeFixers has been involved in more than 1, flips nationwide. Non-profits are big business. As the sector expands to embrace new issues, there is increased pressure for accountability, relevancy, and efficiency. Practitioners are expected to be experts in a variety of fields. In Five Good Ideas, forty professionals from successful non-profits large and small offer information, strategies for action, and management solutions that are easy to implement and will improve how organizations function.
Mark Ferguson, a successful rental property owner, fix and flipper and real estate agent, has learned the best way to find rentals, get great deals, manage properties, finance properties, find great markets and build wealth with rentals. In this book Mark shares with you the information you need to be a successful rental property investor. Is your lack of cash holding you back from your real estate dreams? Discover the creative real estate financing techniques that savvy investors are using to do more deals, more often.
No matter how much money you have in your checking account, there is always real estate you can't afford. Don't let the contents of your wallet define your future!
This book provides numerous strategies for leveraging other people's money for amazing returns on your initial investment. Active real estate investor and co-host of The BiggerPockets Podcast, Brandon Turner, dives into multiple financing methods that professional investors use to tap into current real estate markets. Not only will you be able to navigate the world of creative real estate finance, but you'll get more mileage out of any real estate investment strategy.
Financing deals just got easier-learn how to be a smart investor by using creativity, not cash! Inside, you'll discover:- The truth about no-money-down investing?
Investing with little to no money down is possible, but it's not about a step-by-step strategy. It's about a mindset. Looking for your first deal, but you have no money or experience? Learn the best strategies for getting your feet wet without paying thousands! This form will help you reconcile your bank account to your cashbook so that the balances match.
A simple form for keeping track of cash put in and cash taken out of the petty cash box. A small slip to fill in every time cash is spent from or placed into the petty cash box. This sheet will ensure you have all the necessary information found on a standard sales invoice so that you don't miss off anything when charging your customers.
Use for service or stock sales. Use this form when your customer requires a refund for services or returned products. Apply the amount to one of their current unpaid sales invoices or pay them the money. When ordering stock items from your vendor supplier use this form and itemize them. There are cost and total columns but you can leave them blank if you don't know the costs; just fill in ' Item No.
This work order form template can be used when you want an official document for making an order to a contractor detailing the work you want done and the materials you want supplied not including the ones they will provide to complete the job. If you are shipping or posting goods, use a delivery docket to itemize what is in the shipment.
This blank template is perfect if you need to issue handwritten statements of account to your customers once a month, summarizing sales made to them in a month and showing invoices outstanding for payment. Calculate your estimated hours of service and materials and use this form to write them down and give to your customer so they can decide if it fits their budget. Estimate how much a job will cost your customer.
Similar to the previous 'Quote' form. Track the purchases and sales of each of your stock item products. Helps you keep an up-to-date record of the quantity available and the cost value. Use one per stock item. Mitchell and Thelma found that by using tried and true methods of operation, they were spending less time running the place than they once did worrying about their financial future. Mitchell and Thelma knew why their goal of wealth was so important to them. And they wanted to have enough of a financial cushion to assist family members who might need assistance down the line.
They wisely chose real estate as their method of achieving wealth. Then they were smart enough to find a step-by-step system to follow. This book will give you the tools to do the same thing. When I started my real estate journey, my credit score was a shaky ! One of the smartest things I did was immediately get some advice on improving my credit.
As I was planning my path to wealth and educating myself on real estate investing, I was also taking small but steady steps to improve my credit. By the time I was ready to make an investment move, my credit had improved dramatically. The worst thing you can do if you have less than desirable credit is wait to do something about it. There are many companies that can help you improve your credit, as well as some simple steps you can take on your own. For a list of creditable credit repair services, visit landlordacademy.
While that remained a desire, they were willing to put off realizing that dream for a while. In other words, they put a small percentage down and got to own a much more valuable property because the bank loaned them the rest of the value of that property. In real estate, you have to have only a portion of the purchase price in cash. The rest is loaned to you by a bank. In addition, your property will also appreciate in value. That was far less than they had paid previously in rent.
The rent Mitchell and Thelma collect which has risen, and is likely to continue to rise over time will eventually be equal to or greater than their monthly mortgage payment. Eventually, once that balance is paid off, they will be making a profit each month in addition to being free and clear of that original debt. Whenever they decide to sell the place, they will see an increase in their investment, which they can use to reinvest in other properties.
As the value of the property increased, so did the rents in the area. After a year, they were able to get an additional fifty dollars a month for the unit. Mitchell and Thelma decided the benefits of rental property ownership were so great, they bought a small apartment complex with the money they had saved by renting out the second unit in their first building and using some of the equity that had built up. Right before the housing market crashed, the U.
I believed it was all falsified, just an illusion created by Wall Street. It was funny money. I had a tenant who worked as a cashier at my local grocery store—a woman who could barely make rent every month—invite me to a barbecue at her new house after she secured financing from a lender. I saw this game of shells and knew that at some point it all had to come crashing down.
So when Mitchell and Thelma asked me how they should go into their next investment, I said to be smart and put a little more money down. Real estate markets are cyclical—there are highs and lows—and I told them that the best thing they could do as investors was to prepare for the lows, even when things were going well. I told them to give themselves some wiggle room, just in case. And that is exactly what happened. But not Thelma and Mitchell.
Sure, they had to cut some things and they had to lean up a little bit. The best part? Because Mitchell and Thelma leveraged that deal properly, they were in a position to weather the financial storm, and when the sun came back out they were able to look around and make a careful assessment. They saw all the foreclosures going up right in their own neighborhood, and they were able to pull equity out of some of their investments to buy some of those distressed properties on the cheap.
Mitchell and Thelma already knew their neighborhood, so they recognized the good deals when they saw them. Because they continued to follow the systems in this book, there were opportunities all around them. Today, more than ten years after they first became Landlord Academy students, Mitchell and Thelma have sold that first duplex, purchased a six-unit apartment complex, and are in negotiation to purchase a twenty-four-unit property.
Mitchell has left his job with the parks and recreation department to oversee the operations at their mini real estate empire. Not bad! Not only have they learned about the importance of evaluating an investment properly before buying it to avoid costly mistakes, but more important, they have learned the arts of landlording and running these properties efficiently and profitably through my innovative landlording systems.
When you think about the whole idea behind Monopoly—to take a little green house and cash it in for a much larger red hotel with more cash flow—you realize that Milton Bradley had it right! And so can you. Most people are shocked when I say my preference is multifamily. This is the voice of inexperience talking. By eventually upgrading their investment portfolio to apartment units, Mitchell and Thelma benefited from something called economies of scale.
What does that mean? It simply means a single-family home will generate only one source of income because you have only one tenant. If property taxes go up, which they will, or if insurance goes up, which it will, you still have only one major source to control these rising expenses. You can raise the rent on your one tenant only so much until what you are charging in rent is unreasonable and unrentable.
This is where most investors make their mistake. With multiunits you are benefiting from the economies of scale. You have more sources of income coming in to not only help control expenses but also to provide cash flow.
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