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Investing in Real Estate, 6th Edition

Investing in Real Estate, 6th Edition

Name: Investing in Real Estate, 6th Edition
Brand: John Wiley & Sons
SKU: 9780470499269
Price: 200.00 HKD
Availability: OutOfStock
Author: Gary W. Eldred
ISBN: 9780470499269

By Gary W. Eldred

John Wiley & Sons September 2009

Specifications

ISBN-13: 9780470499269
Publisher: John Wiley & Sons
Publication: September 2009
Format: Paperback , 336 pages
Jurisdiction: International ? Countri(es) for reference only

Details

A fully revised, new edition of one of the bestselling real estate investing guides of all time

Through its five previous editions, Investing in Real Estate has shown investors how to intelligently build wealth with their investments in houses, condominiums, and small apartment buildings. Unlike many titles in this genre, Investing in Real Estate steers clear of the hyped-up “no cash, no credit, no problem” promises. Instead, it provides sound, real-world advice and instruction that reflects the author’s time-tested wisdom and experience. This book shows you how to invest profitably, safely, and reliably as you navigate the risks and opportunities of today’s property market. It covers all the topics investors need to master, including how to find, negotiate, finance, lease out, and manage your property acquisitions. Plus, you will discover how to add tens of thousands of dollars of value to nearly any property. Whether you plan to start investing or move your current investing strategy to a higher level, two decades of sales success testifies to the fact that this investing guide stands superior to any others that you will find.

This new edition covers all the recent changes in the market, including the latest housing rescue legislation from Congress, a historical review of how to profit from property cycles, and insightful new ways to gain from the current excess inventories of for-sale properties, foreclosures, and REOs.

• Author Gary W. Eldred has also authored ten other successful real estate titles, including The Beginner’s Guide to Real Estate Investing, The 106 Mistakes Homebuyers Make—and How to Avoid Them, and The 106 Mortgage Secrets that All Borrowers Must Learn—but Lenders Don’t Tell
• Completely revised to cover current ways to prosper in today’s property markets
• Includes new, insider techniques for foreclosure investing
• Features fifteen new ways to profit with property investments
• Shows you how to buy properties for less than they are worth from many sources including auctions, bank sales, and homebuilders

Investing in Real Estate, Sixth Edition retains its premier position as the most reliable, informative, and comprehensive guides to successful real estate investing.

Prologue: Invest in Real Estate Now!

Acknowledgments.

1 WHY INVESTING IN REAL ESTATE PROVIDES YOU THE BEST ROUTE TO A PROSPEROUS FUTURE.

22 Sources of Returns from Investment Property.

Is Property Always Best?

2 FINANCING: BORROW SMART, BUILD WEALTH.

The Birth of "Nothing Down".

Should You Invest with Little or No Cash or Credit?

Maximize Leverage with Owner-Occupancy Financing.

What Are the Loan Limits?

High Leverage for Investor-Owner Financing.

What Underwriting Standards Do Lenders Apply?

3 APPRAISAL: HOW TO DISCOVER GOOD VALUE.

Make Money When You Buy, Not Just When You Sell.

What Is Market Value?

How to Estimate Market Value.

Property Description.

The Cost Approach.

The Comparable Sales Approach.

The Income Approach.

Income Capitalization.

Valuation Methods: Summing Up.

4 MAXIMIZE CASH FLOWS AND GROW YOUR EQUITY.

Will the Property Yield Good Cash Flows?

Will the Property Yield Profitable Increases in Price?

Summing Up.

5 HOW TO FIND BARGAIN-PRICED PROPERTIES.

Why Properties Sell for Less (or More) Than Market Value.

Prepare Screening Criteria.

Bargain Sellers.

Seller Disclosures.

Summary.

6 PROFIT WITH FORECLOSURES.

The Foreclosure Process.

Buy Preforeclosures from Distressed Owners.

Prequalify Homeowners and Properties.

Finding Homeowners in Default (Prefiling).

Find Homeowners (Postfiling).

Satisfy Lenders and Lien Holders.

Profit from the Foreclosure Auction.

The Foreclosure Sale: Summing Up.

7 PROFIT FROM REOs AND OTHER BARGAIN SALES.

Bad News For Sellers/Builders, Good News For You.

How to Find REOs.

HUD Homes and Other HUD Properties.

Department of Veterans Affairs (REOs).

Fannie Mae and Freddie Mac REOs.

Federal Government Auctions.

Buy from Foreclosure Speculators.

Probate and Estate Sales.

Private Auctions.

8 QUICK PROFITS THROUGH FIX AND FLIP.

Fix, Flip, Profit!

Look for "Fixers".

Improvement Possibilities.

Required Repairs and Improvements.

You Can Improve Everything about a Property—Including Its Location.

What Types of Improvements Pay the Greatest Returns?

Budgeting for Resale Profits.

Comply with Laws and Regulations.

Should You Buy a "Fixer"?

9 MORE TECHNIQUES FOR HIGH YIELDS AND QUICK PROFITS.

Lease Options.

Lease Purchase Agreements.

Conversions.

Master Leases.

Assignments: Flipping Purchase Contracts.

Summary.

10 NEGOTIATE A WIN-WIN AGREEMENT.

Win-Win Principles.

The Purchase Contract.

Summary.

11 MANAGE YOUR PROPERTIES TO INCREASE THEIR VALUE.

The 10:1 Rule (More or Less).

Smart Strategic Decisions.

Cut Operating Expenses.

Increasing Value: Final Words.

12 DEVELOP THE BEST LEASE.

The Mythical "Standard" Lease.

Craft Your Rental Agreement.

Tenants Rights Laws.

Landlording: Pros and Cons.

13 CREATE SALES PROMOTIONS THAT REALLY SELL.

Design a Winning Value Proposition.

Craft Your Selling Message.

Reach Potential Buyers.

Should You Employ a Realty Agent?

14 PAY LESS TAX.

The Risks of Change and Complexity.

Homeowner Tax Savings.

Alternative Minimum Tax.

Capital Gains.

Tax-Free Exchanges.

Reporting Rental Income and Deductions.

Tax Credits.

Property Taxes.

Summary.

15 MORE IDEAS FOR PROFITABLE INVESTING.

Lower-Priced Areas.

Emerging Growth Areas.

Emerging Retirement/Second-Home Areas.

Commercial Properties.

Triple Net (NNN).

Self-Storage.

Mobile Home Parks.

Profitable Possibilities with Zoning.

Tax Liens/Tax Deeds.

Discounted Paper.

Should You Form an LLC?

About the Author

GARY W. ELDRED, PhD, is the author of The Beginner's Guide to Real Estate Investing and 106 Mortgage Secrets All Homebuyers Must Learn—But Lenders Don't Tell, both from Wiley. A real estate investor, he speaks at major investment conferences and has served on the graduate business faculties at Stanford University and the University of Virginia.

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