The Part-Time Real Estate Investor : How to Generate Huge Profits While Keeping Your Day Job.

Intro -- Part One -- Anyone Can Be a Millionaire -- Chapter 1 -- Why Real Estate? -- Why Is It a Good Investment? -- Uncle Sam Loves Homeowners -- Philosophy of Real Estate Investing -- Foreign Markets -- Let's Start Making Money! -- Chapter 2 -- Finding Your Strategy -- Some Statistics -- Is Wealth Only for Other People? -- The Myth of Security -- Think Like a Person of Wealth -- Failure Is Not a Bad Thing -- Chapter 3 -- Real Estate as a Business -- Looking the Part -- Set Up a Home Office -- Goals and Milestones -- No Man Is an Island - How to Get Others to Help You -- Become a Real Estate Expert -- Chapter 4 -- Get Rich Quick -- The "Get Rich Quick" Mentality -- Due Diligence -- What's Possible -- What's Not Possible -- What's Not Very Likely -- Real Estate Myths -- Is There a Real Estate Bubble? -- Chapter 5 -- The Markets -- High-Value Deals and Why They're Not Always a Good Idea -- Bread and Butter Properties -- The Best and Worst Cities for Real Estate Investment -- Why Slow Growth Communities Are Better Investments -- Who's Going to Buy? -- Chapter 6 -- Buying Your First Home -- Buying a Home to Occupy -- First Investment -- First Deal Profits -- Common First Deal Mistakes -- Chapter 7 -- Bad Credit -- You can buy with bad credit, but should you? -- Improving Your Credit -- Partners -- Alternative Financing -- Bad Credit Is Less Relevant If You're Buying a House Nobody Wants -- Part Two -- Specific Strategies -- Chapter 8 -- Land Contract and Lease Purchases -- Buying on Land Contract -- Selling on Land Contract -- The Lease Purchase -- Chapter 9 -- Buying Investment Property with No Money Down -- Land contract or "wraparound mortgage" -- Lease purchase -- "Subject to" -- Leverage credit cards -- Leverage existing equity in other homes -- Two mortgages (80-20) -- Ask for the Best Deal -- Chapter 10 -- 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? -- Chapter 11 -- Playing the Good Guy -- The Foreclosure Scenario -- Here Comes the Man in the Tall White Hat -- Pre-Foreclosure -- Finding the deals -- What the homeowner wants from you -- Variations on the "good guy" deal -- Buying a house with multiple existing liens -- Chapter 12 -- The Fixer-Upper Opportunity -- What is a Fixer-Upper? -- An Ugly House in a Good Neighborhood or an Ugly House in an Ugly Neighborhood -- Fixer-Uppers Are Easy to Buy with Bad Credit -- Fixer-Uppers Give You More Negotiating Power -- Doing the Fixing -- Chapter 13 -- HUD Homes -- What HUD Does -- WYSIWYG (What You See is What You Get) -- Red Tape and Bureaucracy -- A Good Source of "Fixer" Property Deals -- Chapter 14 -- Tax Sales -- A Tax Lien Certificate -- The Process -- You Win Either Way -- Why Do County Governments Do This? -- Chapter 15 -- Blighted Areas and Vacant Properties -- A Word About Security -- My Neighborhood -- "We Buy Ugly Houses" -- Evaluating the Property -- Chapter 16 -- Indirect Real Estate Investments -- REITs -- Buying Private Mortgage Contracts -- Selling Purchase Contracts -- Chapter 17 -- Negotiating Tactics -- Look for Concessions -- Negotiate from a Position of Power -- Understand the Other Guy's Needs -- Who Has the Most Flexibility? -- Always be willing to walk away -- Chapter 18 -- "Subject to" Clause -- Selling on "Subject to" -- "Subject to" Versus Land Contract -- What Does the Bank Think? -- Why Would a Seller Enter into a "Subject to" Contract? -- What Can You Do with the Property Once You Have It? -- The Quitclaim Deed -- Know What You Are Getting Into -- Chapter 19 -- Other Types of Creative Financing -- The Fallacy of "Own It Free and Clear" -- Cash Back at Closing -- Selling at Above Market.

Part Three -- The Nuts and Bolts -- Chapter 20 -- Conventional Mortgages -- Credit Rating -- Mortgage Rates -- Adjustable and fixed -- Bad credit conventional mortgages -- Subprime loans -- Equity and mortgages -- Mortgage brokers -- Chapter 21 -- Titles and Paperwork -- What does the lender want you to have? -- Staying on the Right Side of the Law -- What Is a Mortgage? -- Rental and Lease Agreements -- Chapter 22 -- 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 -- Chapter 23 -- Getting the Most out of Your Taxes -- Capital Gains Tax -- Capital Gains Tax Exclusion -- Tax Credits -- Depreciation -- Deductions -- Passive Losses -- Chapter 24 -- Improving Your Property's Value -- Landscaping -- Thorough Cleaning -- Don't Be Afraid of a Property That Needs Work -- Good Problems and Bad Problems -- Mold -- Don't Go Overboard -- Chapter 25 -- Pre-Purchase Inspection -- A Few Things to Look For -- Hiring an Inspector -- Estimating the Property's Value -- Seller Disclosures -- Investigate Intangibles -- Chapter 26 -- More Is Better: Snowballing Your Real Estate Investments -- Leverage Your Investment -- Always Be Open to New Deals -- When Is the Right Time to Start? -- Chapter 27 -- Getting in Over Your Head -- The Part-Time Strategy -- Will there be a housing crash? -- Chapter 28 -- Tips and Techniques -- Agent Prospecting and FSBOs -- Work with the Money People -- The Balloon Payment -- Buying and Selling Land Contracts -- Finding Money: Partners Versus Investors -- Conclusion -- The Top 10 Rules -- Glossary -- Author Biography.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.