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The Home Buyer's Advisor: A Handbook for First-Time Buyers and Second-Home Investors

The Home Buyer's Advisor: A Handbook for First-Time Buyers and Second-Home Investors

Andrew James McLean

ISBN: 978-0-471-46641-3

Feb 2004

312 pages

Select type: Paperback

In Stock

$19.95

Description

The tax-smart guide for first-time buyers and second-home investors

Whether you're a first-time home buyer or a seasoned investor, this practical guide covers everything you need to know to invest safely, confidently, and profitably in today's real estate market-while getting the most out of the latest tax laws.

The Home Buyer's Advisor shows you precisely what to look for in a real estate investment, where to find the best buying opportunities, how to use proven holding strategies such as land-banking and lease options, and how to make your home a secure foundation for future real estate investments. Ideas for a secure retirement are also included. Packed with ideas, strategies, and real-world examples, Andrew McLean's Home Buyer's Advisor will show you how to:
* Take advantage of a wide range of financing methods, such as originating new VA, FHA, and conventional loans; loan assumption; wrap-around loans; and other alternative financing methods
* Hunt for bargain properties using the Internet
* Profit from HUD and VA repossessions and bank foreclosures, and bid for property at special auctions
* Use professional appraisal techniques to ensure you're getting the best value for your investment
* Utilize smart investment strategies and holding techniques
* Manage properties without all the hassles
* Minimize, defer, and transfer more of your tax liability
* And much more!
ACKNOWLEDGMENTS.

INTRODUCTION.

PART I: THE PRELIMINARIES.

CHAPTER 1: Why Buying a Home Is a Great Investment.

CHAPTER 2: Basic Guidelines for Successful Home Buying.

PART II: FINANCE 101—HOW TO GET THE MONEY YOU NEED.

CHAPTER 3: The Mortgage Alternatives.

CHAPTER 4: Getting Financing.

PART III: CHOOSING THE IDEAL HOUSE.

CHAPTER 5: Which House Is Right for You?

CHAPTER 6: The Resale House.

CHAPTER 7: Other Home Choices.

PART IV: TEAM MEMBERS, GUIDELINES, AND VALUATION.

CHAPTER 8: Selecting Your Real Estate Team.

CHAPTER 9: Key Guidelines to Making a Superior Investment.

CHAPTER 10: Appraisal—How to Determine Value.

PART V: THE SOURCES.

CHAPTER 11: Where to Find Your Diamond in the Rough.

CHAPTER 12: How to Buy Foreclosures.

CHAPTER 13: How to Buy HUD Homes and VA Repossessions.

PART VI: THE MIDDLE GAME.

CHAPTER 14: How to Negotiate a Winning Deal.

CHAPTER 15: Protecting Your Home.

CHAPTER 16: The Closing and Escrow.

CHAPTER 17: Wise Things to Do after You Buy.

CHAPTER 18: Fixing Up the Fixer-Upper.

PART VII: THE END GAME.

CHAPTER 19: Profitable Holding Strategies.

CHAPTER 20: Property Management.

CHAPTER 21: Selling Your Property.

CHAPTER 22: Pay Less Tax.

CHAPTER 23: Advanced Investment Strategies: Your Second Property, and Beyond.

APPENDIX A: USEFUL FORMS.

APPENDIX B: WEB SITES.

BIBLIOGRAPHY.

INDEX.