Synopses & Reviews
Now updated — your guide to building long-term wealth through real estateWant to be a successful real estate investor? Eric Tyson and Robert Griswold present their proven strategies, along with updated tips for easily riding out downturns in the real estate market. From homes and apartment buildings to duplexes, commercial properties, and real estate investment trusts (REITs), you'll master every aspect of investing in and financing properties, and see how to increase their value.
Build a foundation for investing success — get your finances in order, weigh your investment options, understand the risks, and work with real estate pros
You have to pay to play — raise capital, finance your purchases, and secure the best mortgage terms
Find and evaluate properties — choose the best locations, understand leases, project a property's cash flow, and decide how much to pay
Master the negotiation process — assemble attractive offers, complete the purchase agreement, conduct formal due diligence, and close the sale
Manage your property — be a top-notch landlord (or hire help), get the insurance you need, know the tax angles, and decide when and how to sell
"Both beginner and experienced real estate investors will profit from studying all the aspects to consider when maximizing property profits."
—Bob Bruss, Inman News, on Real Estate Investing For Dummies
"This is simply the best book on the topic."
—Randall Bell, author, Home Owner's Manual
Open the book and find:
Tips for buying and improving properties
Proven methods for boosting a property's return and value
The opportunities of the market downturn
Expanded coverage on foreclosures, short sales, and REOs
The latest on buying fixer-uppers and flipping
New details on buying hotel condos and timeshares
Changes in the tax laws
Finding properties online
Synopsis
'Real Estate Investing For Dummies, 2nd Edition contains approximately 20-25 percent updated and revised content, including expanded coverage on the challenges and opportunities that accompany investing in a down real estate market. In addition to other general updates, Eric and Ray expand on the subjects of flipping properites -- a practice that they advised (and still advise) readers to approach with caution in the first edition, published at the height of the flipping frenzy -- and foreclosure investing -- today\'s \"it\" real estate subject that is too often portrayed as a get-rich-overnight proposition.'
Synopsis
Real Estate Investing For Dummies, 2nd Edition, is completely revised and updated to help you overcome the challenges and and take advantage of the opportunities in any real estate environment, including a down market. But Eric Tyson and Robert Griswold's core message remains as relevant today as it did upon the initial publication of Real Estate Investing For Dummies -- investing in real estate is time-tested vehicle to build wealth in the long term. Tyson and Griswold don't tell you how to become a millionaire overnight. Instead, they offer proven, practical, and actionable advice so that if you chose to invest in income-producing properties, you can do so wisely and confidently.
About the Author
Eric Tyson is a nationally recognized personal finance counselor, bestselling author, and syndicated columnist. He is the author of numerous bestselling For Dummies books on real estate, small business, personal finance, and investing.
Robert S. Griswold is a successful real estate investor and hands-on property manager with a large portfolio of residential and commercial rental properties.
Table of Contents
Introduction.Part I: Stacking Real Estate Up Against Other Investments.
Chapter 1: Evaluating Real Estate as an Investment.
Chapter 2: Covering Common Real Estate Investments.
Chapter 3: Considering Foreclosures, REOs, Probate Sales, and More.
Chapter 4: Taking the Passive Approach.
Chapter 5: Fast Money: Small Down Payments and Property Flips.
Chapter 6: Building Your Team.
Part II: How to Get the Money: Raising Capital and Financing.
Chapter 7: Sources of Capital.
Chapter 8: Financing Your Property Purchases.
Chapter 9: Securing the Best Mortgage Terms.
Part III: Finding and Evaluating Properties.
Chapter 10: Location, Location, Value.
Chapter 11: Understanding Leases and Property Valuation.
Chapter 12: Valuing Property through Number Crunching.
Chapter 13: Preparing and Making an Offer.
Chapter 14: Due Diligence, Property Inspections, and Closing.
Part IV: Operating the Property.
Chapter 15: Landlording 101.
Chapter 16: Protecting Your Investment: Insurance and Risk Management.
Chapter 17: Recordkeeping and Accounting.
Chapter 18: Tax Considerations and Exit Strategies.
Part V: The Part of Tens.
Chapter 19: Ten (Plus) Ways to Increase a Property’s Return.
Chapter 20: Ten Steps to Real Estate Investing Success.
Appendix: Sample Purchase Agreement.
Index.