The Part-Time Real Estate Investor: How to Generate Huge Profits While Keeping Your Day Job (Google eBook)

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Atlantic Publishing Company, 2007 - Business & Economics - 288 pages
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Fortune Magazine states, 97 out of 100 self-made millionaires made their fortunes through Real Estate Investing, and the next 10 years will be a Golden Era for the informed Real Estate Investor. If you are saying to yourself that sounds great but I can not quit my job and begin investing full time. This new book is for you! You will learn how to become a skilled professional Real Estate Investor who can generate thousands, and yes, even millions of dollars, in your spare time. Unlike starting a retail business where you need to be there every day, you can work a full-time job and invest in real estate on the side, and reap huge profits. The key is time.

The real estate investing business is a perfect part-time business because real estate is a business where the assets appreciate and cash flow is generated even when you are absent. This book will give you the information and advice necessary to buy, finance, and successfully manage a small number of positive cash flow producing properties in your spare time. Investing in real estate is one of the safest and smartest investments you can make.

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. With the sound guidance in this book you will be able to retire comfortably and EARLY!

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, and exchange rules.

Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company president’s garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 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.

This Atlantic Publishing eBook was professionally written, edited, fact checked, proofed and designed. The print version of this book is 288 pages and you receive exactly the same content. Over the years our books have won dozens of book awards for content, cover design and interior design including the prestigious Benjamin Franklin award for excellence in publishing. We are proud of the high quality of our books and hope you will enjoy this eBook version.

  

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Contents

Why Do Country Governments Do This?
118
BLIGHTED AREAS AND VACANT PROPERTIES
119
A Word About Security
121
We Buy Ugly Houses
123
INDIRECT REAL ESTATE INVESTMENTS
129
Buying Private Mortgage Contracts
131
Selling Purchase Contracts
132
NEGOTIATING TACTICS
135

The Myth of Security
25
Think Like a Person of Wealth
26
Failure is Not a Bad Thing
27
REAL ESTATE AS A BUSINESS
29
Set Up a Home Office
31
Goals and Milestones
32
No Man is an IslandHow to Get Others to Help You
33
Become a Real Estate Expert
34
GET RICH QUICK
37
Due Diligence
38
Whats Not Possible
39
Whats Not Very Bloody Likely
40
Real Estate Myths
41
Is There a Real Estate Bubble?
42
THE MARKETS
45
Bread and Butter Properties
47
The Best and Worst Cities for Real Estate Investment
48
Why Slow Growth Communities are Better Investments
49
BUYING YOUR FIRST HOME
53
First Investment
54
First Deal Profits
56
Common First Deal Mistakes
59
BAD CREDIT
61
You Can Buy with Bad Credit but Should You?
62
Improving Your Credit
63
Subprime Lenders
64
Alternative Financing
65
Bad Credit is Less Relevant if Youre Buying a House Nobody Wants
66
LAND CONTRACT AND LEASE PURCHASES
69
Selling on Land Contract
72
The Lease Purchase
74
BUYING INVESTMENT PROPERTY WITH NO MONEY DOWN
77
Land Contract or Wraparound Mortgage
78
Lease Purchase
79
Leverage Credit Cards
80
Leverage Existing Equity in Other Homes
81
Ask for the Best Deal
82
FORECLOSURES AND REO PROPERTIES
83
The Foreclosure Process
84
Pennies on The Dollar
85
How to Find Foreclosures and REOs
86
Cash Cash and Cash
87
How Much to Bid?
88
PLAYING THE GOOD GUY
91
The Foreclosure Scenario
92
PreForeclosure
93
What the Homeowner Wants From You
94
Variations on the Good Guy Deal
95
Buying a House with Multiple Existing Liens
96
THE FIXERUPPER OPPORTUNITY
99
What is a FixerUpper?
101
An Ugly House in a Good Neighborhood or an Ugly House in an Ugly Neighborhood
102
FixerUppers are Easy to Buy with Bad Credit
103
FixerUppers Give you More Negotiating Power
104
HUD HOMES
107
What HUD Does
108
Red Tape and Bureaucracy
109
A Good Source of Fixer Property Deals
111
TAX SALES
113
A Tax Lien Certificate
114
The Process
116
You Win Either Way
117
Look for Concessions
136
Understand the Other Guys Needs
137
Who Has the Most Flexibility?
138
Always Be Willing to Walk Away
139
SUBJECT TO CLAUSE
141
Selling on Subjectto
142
SubjectTo Versus Land Contract
143
Why Would a Seller Enter Into a SubjectTo Contract?
144
What Can You Do With the Property Once You Have It?
145
The Quit Claim Deed
146
OTHER TYPES OF CREATIVE FINANCING
149
The Fallacy of Own It Free and Clear
150
Cash Back At Closing
151
Selling At Above Market
152
CONVENTIONAL MORTGAGES
159
Mortgage Rates
161
Adjustable and Fixed
162
Bad Credit Conventional Mortgages
163
Equity and Mortgages
164
TITLES AND PAPERWORK
167
What Does the Lender Want You to Have?
168
Private Mortgage Insurance
169
Staying on the Right Side of the Law
170
What is a Mortgage?
171
Rental and Lease Agreements
172
FOR SALE BY OWNER
175
Selling it Yourself
176
Buying FSBOs as Opposed to Listed Properties
177
Working with a Real Estate Agent
179
Being a Real Estate Agent Yourself
180
GETTING THE MOST OUT OF YOUR TAXED
185
Capital Gains Tax
186
Capital Gains Tax Exclusion
187
Tax Credits
188
Depreciation
189
Deductions
190
IMPROVING YOUR PROPERTYS VALUE
191
Thorough Cleaning
192
Dont Be Afraid of a Property that Needs Work
193
Mold
195
Dont Go Overboard
196
PREPURCHASE INSPECTION
199
A Few Things to Look For
200
Hiring an Inspector
201
Estimating the Propertys Value
202
Seller Disclosures
203
MORE IS BETTER SNOWBALLING YOUR REAL ESTATE INVESTMENTS
207
Leverage Your Investment
208
Always Be Open to New Deals
210
When is the Right Time to Start?
211
GETTING IN OVER YOUR HEAD
213
The PartTime Strategy
215
TIPS AND TECHNIQUES
217
Agent Prospecting and FSBOs
218
The Balloon Payment
219
Buying and Selling Land Contracts
220
Partners Versus Investors
221
Congratulations Youre a Real Estate Tycoon
223
GLOSSARY
225
AUTHOR BIOGRAPHY
285
INDEX
286
Copyright

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About the author (2007)

Blacharski is a technology and business writer, novelist, and satirist with several years experience.

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