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Strategic and Tactical Real Estate Investing Secrets from the Trenches
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Amazon.com Product Description (ISBN 0964438054, Spiral-bound)Investors need both Strategy and Tactics. Bryan Wittenmyer's latest manual is a combination of 3 of his prior manuals into one new "beefy" manual. This is tell it like it is (not very P-C), straight from the rough and tumble real estate world (which is far trickier and frought with challenges than the traveling real estate guru would like you to believe). No doubt real estate is a powerful investment vehicle, but it is often more complicated and requires more skill than folks expect. Topics:This book explains in detail how to build cash flow from lower end houses and apartment properties. Not slum property, just simple housing for folks on lower income budgets. This can be a highly rewarding business, since these properties typically produce a cash flow even when 100% financing is used. In fact, when purchased correctly, these properties can be financed using short, 10 year mortgages with no balloon payments needed. In 5-10 years, you'll have a debt-free asset! The last thing the world needs in another real estate investment book that just skims the surface. This book goes into extreme detail on the nuts and bolts of buying lower-end properties. In fact, the rehab and repair chapter is almost 50-pages long. Even if you don't currently invest in this type of property, you will come away with dozens of tips on buying, repairing, and rehabbing houses. This book goes way beyond the typical "bookstore" book on investing. A brief list of topics includes: Buying defective titles for mega profit, low-budget repair and rehab secrets, 60-months until free and clear, how to easily get owner financing, buying houses for $3000-25,000, why private deals are best, finding free building supplies, risk avoidance strategies, managing low-income tenants, buying real estate at sub-wholesale prices, telephone buying techniques, real estate investor resources, finding personal freedom, business philosophy, why there's big money in nasty properties, and much more. TECH Section: If you wanted to learn how to prepare a deed, perform a title search, draft a strong option contract, or understand how to fix a bad title, where would you go? It's hard to answer, because, frankly, this information is tightly controlled by title companies and lawyers. Go into any bookstore and try to find this sort of highly protected information. You won't find it. Believe it or not, it's tough to find, even in most law libraries. Title companies and lawyers consider this hidden knowledge a major profit center, and they're not about to share it with you just because you're a nice person. For one, lawyers don't have time. They are in one of the most high pressured, time-driven industries. Spending hours explaining a process to you isn't nearly as profitable as punching a few computer buttons - and out comes a boilerplate document that they'll sell for $250. Title companies won't tell you either, because it just doesn't make sense for them to give away trade secrets that earn them many hundreds of dollars per customer! Title companies and lawyers are good people just like any other group of business people. In fact, they are a part of every investor's team. Always have been, always will. I need lawyers and you need them - they are invaluable to society. What I'm suggesting is that serious investors begin to take a new form of control over their deals by having a strong understanding of the more technical side of investing. Sound boring? Let me tell you why it's not. Serious investors know that most outrageously underpriced deals are distressed deals. There is some sort of tangled up mess involved. Either the property is trashed or the finances are trashed, often both: back taxes, judgments, liens, questionable contracts, etc. Most deals, especially those private, sleeper deals, have problems that need to be understood. If you, the aggressive investor, are able to intelligently understand the paperwork, title search, and closing procedures
(retrieved from Amazon Thu, 12 Mar 2015 18:07:22 -0400)
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