The Part-Time Real Estate Investor: How to Generate Huge Profits While Keeping Your Day Job
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 cannot 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. -- (1/21/2016 12:00:00 AM)"
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Why Do Country Governments Do This?
BLIGHTED AREAS AND VACANT PROPERTIES
A Word About Security
We Buy Ugly Houses
INDIRECT REAL ESTATE INVESTMENTS
Buying Private Mortgage Contracts
Selling Purchase Contracts
Bread and Butter Properties
The Best and Worst Cities for Real Estate Investment
Why Slow Growth Communities are Better Investments
BUYING YOUR FIRST HOME
First Deal Profits
Common First Deal Mistakes
You Can Buy with Bad Credit but Should You?
Improving Your Credit
Bad Credit is Less Relevant if Youre Buying a House Nobody Wants
LAND CONTRACT AND LEASE PURCHASES
Selling on Land Contract
The Lease Purchase
BUYING INVESTMENT PROPERTY WITH NO MONEY DOWN
Land Contract or Wraparound Mortgage
Leverage Credit Cards
Leverage Existing Equity in Other Homes
Ask for the Best Deal
FORECLOSURES AND REO PROPERTIES
The Foreclosure Process
Pennies on The Dollar
How to Find Foreclosures and REOs
Cash Cash and Cash
How Much to Bid?
PLAYING THE GOOD GUY
The Foreclosure Scenario
What the Homeowner Wants From You
Variations on the Good Guy Deal
Buying a House with Multiple Existing Liens
THE FIXERUPPER OPPORTUNITY
What is a FixerUpper?
An Ugly House in a Good Neighborhood or an Ugly House in an Ugly Neighborhood
FixerUppers are Easy to Buy with Bad Credit
FixerUppers Give you More Negotiating Power
What HUD Does
Red Tape and Bureaucracy
A Good Source of Fixer Property Deals
A Tax Lien Certificate
You Win Either Way
Look for Concessions
Understand the Other Guys Needs
Who Has the Most Flexibility?
Always Be Willing to Walk Away
SUBJECT TO CLAUSE
Selling on Subjectto
SubjectTo Versus Land Contract
Why Would a Seller Enter Into a SubjectTo Contract?
What Can You Do With the Property Once You Have It?
The Quit Claim Deed
OTHER TYPES OF CREATIVE FINANCING
The Fallacy of Own It Free and Clear
Cash Back At Closing
Selling At Above Market
Adjustable and Fixed
Bad Credit Conventional Mortgages
Equity and Mortgages
TITLES AND PAPERWORK
What Does the Lender Want You to Have?
Private Mortgage Insurance
Staying on the Right Side of the Law
What is a Mortgage?
Rental and Lease Agreements
FOR SALE BY OWNER
Selling it Yourself
Buying FSBOs as Opposed to Listed Properties
Working with a Real Estate Agent
Being a Real Estate Agent Yourself
GETTING THE MOST OUT OF YOUR TAXED
Capital Gains Tax
Capital Gains Tax Exclusion
IMPROVING YOUR PROPERTYS VALUE
Dont Be Afraid of a Property that Needs Work
Dont Go Overboard
A Few Things to Look For
Hiring an Inspector
Estimating the Propertys Value
MORE IS BETTER SNOWBALLING YOUR REAL ESTATE INVESTMENTS
Leverage Your Investment
Always Be Open to New Deals
When is the Right Time to Start?
GETTING IN OVER YOUR HEAD
The PartTime Strategy
TIPS AND TECHNIQUES
Agent Prospecting and FSBOs
The Balloon Payment
Buying and Selling Land Contracts
Partners Versus Investors
Congratulations Youre a Real Estate Tycoon
able assets auction bad credit balloon bank bankers borrower borrower’s broker building buy a house buyer capital gains capital gains tax cash flow charge clause closing costs creative financing debt default dollars equity escrow ESTATE INVESTOR TIP expenses Fannie Mae fixer-upper foreclosed foreclosure Freddie Mac funds going hard money lender homeowner income individual interest rate investment land contract landlord lease leverage loan look month monthly payments mortgage broker negotiate neighborhood offer option owner ownership PART-TIME REAL ESTATE party percent percentage piece of property piece of real portfolio possible pre-foreclosure private mortgage problems profit property’s purchase real estate agent real estate bubbles real estate business REAL ESTATE INVESTOR REIT renovation rent repairs risk seller strategy subject-to tax lien tenant there’s things transaction underlying mortgage usually what’s you’re
Page 11 - The human-animal bond is as old as human history. We chetish our animal companions for their unconditional affection and acceptance. We feel a thtill when we glimpse wild creatures in their natural habitat or in our own backyard. Unfortunately, the human-animal bond has at times been weakened. Humans have exploited some animal species to the point of extinction. The Humane Society of the United States makes a difference in the lives of animals here at home and worldwide. The HSUS is dedicated to...