The Unofficial Guide to Real Estate Investing - Softcover

Stone, Martin

Softcover

ISBN 10: 0028636651 ISBN 13: 9780028636658

Publisher: Wiley, 1999

Synopsis

After beating back a slump a decade ago, real estate has rebounded in a big way for the Millenium, offering a hot investment vehicle that even novices can ride to riches. The Unofficial Guide to Real Estate Investing clearly shows that the secret in getting rich lies not in get-rich-quick schemes but rather in investing in a commodity that has been around since the beginning of time -- terra firma, property. A small capital investment today can be leveraged into huge profits tomorrow.

Readers learn how to:

• Buy and manage every type of investment property, from houses to condos to large units to commercial property to land for development
• Value property correctly
• Live through the "due diligence" period
• Handle tenant problems without turning into an 'evil' landlord.

About this title

Review:

If you think the only path to riches is through the stock market, then think again. In The Unofficial Guide to Real Estate Investing, Martin Stone and Spencer Strauss show how to generate financial security one property at a time. The authors, both real estate brokers, illustrate basic concepts such as researching and valuing properties, obtaining financing, managing tenants and expenses, and dealing with taxes. They believe that the "biggest little secret" in real estate is the tremendous leverage that investors can enjoy. They write, "If you have $9,000 to invest, for example, you could buy $9,000 worth of stocks, bonds, coins, or art. With $9,000 to invest in real estate, however, you could purchase a four-unit FHA apartment building worth $300,000." The book includes hundreds of tips on everything from how to minimize vacancies and be a good landlord to making an offer and working with contractors. Well written and easy to read, The Unofficial Guide to Real Estate Investing is a solid introduction for anyone seriously considering real estate as full- or part-time source of income.

From the Back Cover:

The inside scoop? for when you want more than the official line! We've all heard of Donald Trump-like tycoons who've made a fortune in the real estate business, and who started by scraping together enough money for a down payment on a modest first property?or so the legend goes. But when average Joes and Janes like us are struggling to pay the mortgage or make the rent, the idea of getting rich off real estate seems like a cruel joke at best! Where do you start? What to buy? How to get financing? You want to know the stories behind today's real estate successes. You want the inside scoop. The Unofficial Guide? to Real Estate Investing is designed to give savvy consumers like you a foolproof appraisal of everything from the most basic concepts of real estate investing to buying lifelong financial security ?and even wealth?one property at a time. In this book you'll get unbiased recommendations that are not influenced by any company, product, or organization. The Unofficial Guide? to Real Estate Investing is intensively inspected by The Unofficial Panel of Experts: William Bronchick is president of the Colorado Association of Real Estate Investors; Warren Ladenheim specializes in accounting and financial recruitment for the real estate business at Peak Search, Inc.; and Ed Stevens is the developer and principal author of the real estate consumer information Web site House Clicks. These specialists ensure that you are armed with the most up-to-date insider information on the subject of real estate investing and are told exactly what "the Official establishment" doesn't want you to know.

• Vital Information on the inside world of real estate investing
• Insider Secrets on tax shelter benefits
• Money-Saving Techniques for valuing a property correctly and determining its most profitable use
• Time-Saving Tips on borrowing money and discovering which investments have the potential to turn into tomorrow's hot properties
• The Latest Trends in hot real estate investing options
• Handy Checklists and charts that help you put together a top-rate investment plan, generate cash flow, and pick the best real estate agent

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About this edition

• Publisher: Wiley
• Publication date: 1999
• ISBN 10: 0028636651
• ISBN 13: 9780028636658
• Binding: Paperback
• Edition number: 1
• Number of pages: 446