- Cover
- Introduction
- Part 1: Getting Started with Real Estate Investing
- Chapter 1: Evaluating Real Estate as an Investment
- Understanding Real Estate’s Income- and Wealth-Producing Potential
- Recognizing the Caveats of Real Estate Investing
- Comparing Real Estate to Other Investments
- Determining Whether You Should Invest in Real Estate
- Fitting Real Estate into Your Plans
- Chapter 2: Covering Common Real Estate Investments
- Identifying the Various Ways to Invest in Residential Income Property
- Surveying the Types of Residential Properties You Can Buy
- Considering Commercial Real Estate
- Buying Undeveloped or Raw Land
- Chapter 3: Considering Foreclosures, REOs, Probate Sales, and More
- Finding Foreclosures and REOs
- Getting a Jump on Foreclosure and REO Competition with Short Sales
- Contemplating Lease Options
- Probing Probate Sales and Auctions
- Chapter 4: Taking the Passive Approach
- Using Real Estate Investment Trusts
- Understanding Tenants in Common
- Comprehending Triple Net Properties
- Eyeing Notes and Trust Deeds
- Looking at Tax Lien Certificate Sales
- Considering Limited Partnerships
- Chapter 5: Fast Money: Small Down Payments and Property Flips
- Purchasing with No Money Down
- Buying, Fixing, and Flipping or Refinancing
- Chapter 6: Building Your Team
- Knowing When to Establish Your Team
- Adding a Tax Advisor
- Finding a Financial Advisor
- Lining Up a Lender or Mortgage Broker
- Working with Brokers and Agents
- Considering an Appraiser
- Finding an Attorney
- Part 2: How to Get the Money: Raising Capital and Financing
- Chapter 7: Identifying Sources of Capital
- Calculating the Costs of Admission
- Rounding Up the Required Cash by Saving
- Overcoming Down Payment Limitations
- Chapter 8: Financing Your Property Purchases
- Taking a Look at Mortgage Options
- Reviewing Other Common Fees
- Making Some Mortgage Decisions
- Borrowing Against Home Equity
- Getting a Seller-Financed Loan
- Mortgages That Should Make You Think Twice
- Chapter 9: Securing the Best Mortgage Terms
- Shopping for Mortgages
- Solving Potential Loan Predicaments
- Part 3: Finding and Evaluating Properties
- Chapter 10: Location, Location, Value
- Deciding Where to Invest
- Finding Properties to Add Value
- Evaluating a Region: The Big Picture
- Investigating Your Local Market
- Evaluating Neighborhoods
- Mastering Seller’s and Buyer’s Markets
- Chapter 11: Understanding Leases and Property Valuation
- The Importance of Evaluating a Lease
- Reviewing a Lease: What to Look For
- Understanding the Economic Principles of Property Valuation
- Reviewing the Sources of Property-Valuing Information
- Establishing Value Benchmarks
- Chapter 12: Valuing Property through Number Crunching
- Understanding the Importance of Return on Investment
- Figuring Net Operating Income
- Calculating Cash Flow
- Surveying Lease Options
- The Three Basic Approaches to Value
- Reconciling the Three Results to Arrive at a Single Value
- Putting It All Together: Deciding How Much to Pay
- Chapter 13: Preparing and Making an Offer
- Negotiating 101
- Preparing to Make Your Offer: Understanding Contract Basics
- Addressing Key Provisions in the Purchase Agreement
- Presenting the Purchase Agreement
- Chapter 14: Due Diligence, Property Inspections, and Closing
- Opening Escrow
- Conducting Formal Due Diligence
- Negotiating Credits in Escrow
- Determining How to Hold Title
- Closing the Transaction
- Part 4: Operating the Property
- Chapter 15: Landlording 101
- Hiring Management Help: Yes or No?
- Finding and Hiring Pros
- Testing for Environmental Issues
- Deciding on Rental Policies
- Working with Existing Tenants upon Property Acquisition
- Finding Stable, Trustworthy Tenants
- Renovating and Upgrading to Add Value
- Chapter 16: Protecting Your Investment
- Developing a Risk Management Plan
- Getting the Insurance You Need
- Chapter 17: Recordkeeping and Accounting
- Organizing Your Records
- Knowing What to Account For
- Doing Your Accounting Manually
- Using Software
- Chapter 18: Looking at Tax Considerations and Exit Strategies
- Understanding the Tax Angles
- Considering Exit Strategies
- Taking in a Final Note on Taxes on Your Profits
- Part 5: The Part of Tens
- Chapter 19: Ten Ways to Increase a Property’s Value
- Raise Rents
- Reduce Turnover
- Consider Lease Options
- Develop a Market Niche
- Maintain and Renovate
- Cut Back Operating Expenses
- Scrutinize Property Tax Assessments
- Refinance and Build Equity Quicker
- Take Advantage of Tax Benefits
- Be Prepared to Move On
- Improve Management
- Chapter 20: Ten Steps to Real Estate Investing Success
- Build Up Savings and Clean Up Credit
- Buy Property in the Path of Progress
- Buy the Right Property at the Best Price Possible
- Renovate Property the Right Way
- Keep Abreast of Market Rents
- Recover Renovation Dollars through Refinancing
- Reposition Property with Better Tenants
- Become or Hire a Superior Property Manager
- Refinance or Sell and Defer Again
- Consolidate Holdings into Larger Properties
- Appendix: Sample Purchase Agreement
- Index
- About the Authors
- Advertisement Page
- Connect with Dummies
- End User License Agreement
-
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