DescriptionThis book covers the entire cycle of becoming a successful real estate investor--providing detailed information on the Why's and, more importantly, the How's.Written in an accessible format, this book provides valuable information for first time real estate investors. Readers will find information on: Becoming a property investor, winning residential investment strategies; assembling your team; from offer to closing; how to work on fixer uppers; owning properties as a long term investment; flipping your property and all the business details necessary to invest.
List of Icons.
About This Book.
Section One: Becoming a Property Investor.
Chapter 1. New Investors: Why and When to Invest in residential Income Property.
Chapter 2. Getting Your Financial House in Order.
Chapter 3. Your Options: Self-Directed Real Estate IRAs, 1031 Property Exchanges, and Tenants-in-common.
Chapter 4. Legal, Financial, and Tax Considerations.
Section Two: Winning Residential Investment Strategies.
Chapter 5. Which Is the Right Strategy and Property for You?
Chapter 6. Your Choices: Single-Family, Condo, Co-op, Vacation Home, and Multiplexes.
Chapter 7. Understanding Zoning and Building Codes.
Chapter 8. The Flipping Phenomenon, Preforeclosures, Foreclosures, and Short Sales.
Chapter 9. Creative Real Estate Investing.
Section Three: Creating Your Action Plan.
Chapter 10. Your Winning Business Strategy, Action Plan, and Team building.
Chapter 11. Accountants and Lawyers.
Chapter 12. Networking Your Way to Success.
Chapter 13. Legal and Asset Protection Strategies.
Section Four: Buying Smart From Offer To Closing.
Chapter 14. Financing Your Property.
Chapter 15. Determining Value through Property and Investment Analysis.
Chapter 16. Buying Rental Property: Reality Checks before Buying.
Chapter 17. Residential Income Property Due Diligence.
Section Five: Fix It: What the Successful Fixer-Upper Needs to Know.
Chapter 18. Creating Curb Appeal.
Chapter 19. Handling the Competition.
Chapter 20. The Limits of Do-It-Yourself.
Chapter 21. Creating an Exit Strategy.
Section Six: Hold Versus Sell: Owning Property as a Long-Term Investment.
Chapter 22. Life as a Landlord: Is There Equity without Sweat?
Chapter 23. When the Rent Check Does Not Arrive: A Primer in Cash Flow Management
Chapter 24. Flipping in Action: How the Pros Do It.
Chapter 25. Careers, Networking, and Continuing Education in Professional Residential Property Investing.
Appendix A. Summary of Icon Information in Appendix.
Appendix B. Tour of CompleteLandlord Site with Free Trial Membership Offer.
Appendix C. Essential CompleteLandlod Worksheets, Checklists, and Other Forms.
Appendix D. Associations and Other Resources.
Appendix E. Glossary of real Estate Terms.