Synopses & Reviews
'A must-read guide to real estate investing during turbulent times
In this updated edition, author Michael Thomsett begins by cautioning readers that real estate is not always alluring. Markets go through cycles, and the down phase of the cycle from 2006 onward has been one of the longest and scariest in history. Other updates include new ways to finance real estate investments, the status of mortgage financing today, and a laundry list of new requirements that may be thrown at borrowers. A new chapter has been added to help analyze an investor\'s financial ability to buy and hold real estate. Written to reflect the subprime crisis and how it has impacted the real estate investment world forever, this Third Edition analyzes the real estate market bubble and crash, where the blame lies, and how \"riskless\" transactions characterizing the market have done great damage.
Michael C. Thomsett (Spring Hill, TN) has written more than 60 books on investing, real estate, business, and management. He is the author of several Wiley books, including the seven editions of the bestselling Getting Started in Options, Seventh Edition (978-0-470-13806-9), as well as Getting Started in Property Flipping (978-0-470-03937-3), and Getting Started in Real Estate Investing, Second Edition (978-0-471-24654-1). '
Synopsis
Real Estate is a very attractive investment these days. The market has turned around to reveal some unique and lucrative opportunities for investors looking to diversify their portfolios. Getting Started in Real Estate, Second Edition is the consummate beginners guide to understanding and profiting from this exceptional market opportunity.
Synopsis
Now completely revised and expanded!
The definitive resource for anyone
Getting Started in Real Estate Investing
After a decade-long slump, real estate has rebounded to become one of today's hottest investment vehicles. This consummate beginner's guide shows you how to successfully identify--and profit from--the market's many lucrative opportunities. Written in nontechnical, easy-to-follow terms, Getting Started in Real Estate Investing, Second Edition, gives you the straight facts on everything from mortgage payments and property selection to financing options and landlording issues. Packed with convenient sidebar definitions, easy-to-follow examples, and real-life case histories, as well as tips on avoiding possible pitfalls, this completely updated volume offers the latest information on:
* Real estate versus traditional investments
* Direct mortgage lending
* The resurgence of Real Estate Investment Trusts (REITs)
* Capital gains and losses
* Speculation and rental trends
* The best tax strategies
* And much more!
Synopsis
The third edition of Getting Started in Real Estate Investingopens with the question and Chapter 1 title, “Should You Be a Real Estate Investor?” The question is an important one, given the current state of the economy and real estate industry. Author Michael Thomsett begins the revision by cautioning readers that real estate is not always alluring. Markets go through cycles, and the down-phase of the cycle from 2006 onward has been one of the longest and scariest in history. Other updates include finding ways to finance your real estate investment, considering the status of mortgage financing today, and a laundry list of new requirements that may be thrown at borrowers. A new chapter will be added to help analyze an investor’s financial ability to buy and hold real estate. Thomsett provides a checklist for readers that include: 1. Can you afford this investment?; 2. Are you prepared for risk associated with vacancies?; and 3. Do you have the financial ability to deal with negative cash flow, if it occurs?
About the Author
MICHAEL C. THOMSETT is a financial writer with forty-seven books and hundreds of articles to his credit, including the popular Getting Started in Options (Wiley). He has been a management consultant in the securities industries and is an active options trader.
JEAN FREESTONE THOMSETT is a writer and coauthor of the first edition of this book.
Table of Contents
The Allure of Property.
Should You Be a Real Estate Investor?
How to Choose Property.
Financing Your Investment.
The Cost of Borrowing.
Tax Benefits of Real Estate.
Setting Up Your Books.
Managing Your Investment.
Analyzing the Market.
Working with Professionals.
Becoming a Landlord.
The Fixer-Upper Market.
Passive Investments.
Other Ways to Invest.
Setting Your Investment Goals.
Appendix.
Glossary.
Index.