Publisher's Synopsis
There's a reason rich people worldwide buy rental real estate - it works! At some point, everyone will need a place to stay, and contrary to popular belief, it doesn't
require a ton of cash or secret connections to get in the game! However, it is a complex game, and if you make a bad decision, it can cost you a hundred thousand
dollars or more, waste all your efforts, and ruin your credit - Don't go it alone! Learn from my 15 years of experience where I turned my initial $12,300 investment into
$1.7 million.
In this book you will learn:
- The fastest way to save for your first down payment
- What it takes to buy an income property and what the bank will want from
- you
- Different types of financing including low and no money down
- Mortgages and the Mortgage process
- How to locate a good property, in a good area, and buy on value, not price
- How to steer clear of Building Construction Pitfalls with over 250 color
- photos and diagrams
- Property Insurance and Property Taxes
- Deeds and Title Insurance
- Calculating your return on investment (ROI)
- How to make a calculated offer
- Closing on your new Rental Property
- What to do after you close on (buy) your Rental Property
- Repairing and Renovating for Increased Profits
- How to List and Show your Rental Property
- How to find and keep good tenants
- Tenant screening Red Flags
- Leases
- Maintenance
- Preparing for your next property
- The Huge Tax Benefits of Rental Properties
- The magic of Forced Appreciation
- Cash out refinancing to get your reno money back or buy another property
- Some of my personal experiences with tenants so you can get a true idea of
- What it's like to be a landlord and whether it's right for you or not
