An accessible, comprehensive guide to real estate investment introduces a plan for establishing long-term wealth, covering a wide range of topics including commercial real estate, rental properties, vacation homes, distressed properties, investment strategies, and much, much more. Original.
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"This is simply the best book on the topic.”—Randall Bell, Author, Home Owner's Manual"Tyson and Griswold have truly opened the world of real estate investing to all by tackling often complex issues in this easy to understand and use book. I can't think of a better way to get smart about building wealth through rental properties than to read their excellent Real Estate Investing For Dummies!"—Vern Hoven, CPANon-prime time TV is cluttered with infomercials about how you can buy non-prime real estate for next to nothing and get rich quick. Common sense should tell you that’s an exaggeration. (If common sense doesn’t tell you, bankers will.) Nevertheless, it is possible to get rich gradually by investing in real estate. Long term, you can expect to realize an annual return of 8 to 10% a year.Real Estate Investing for Dummies gives you the keys to successful real estate investment, whether it’s in single family homes and condos, apartments, vacation homes, commercial properties (office, industrial, and retail), raw land, or REITs (Real Estate Investment Trusts). With guidance from authors Eric Tyson, MBA, a financial counselor, and Robert S. Griswold, a veteran real estate investor, you’ll discover how to:Find and buy the best properties at a fair priceCapitalize on opportunities such as foreclosures, no money down deals, auctions, tax sales, and moreSecure financing and good mortgage termsValue, evaluate, and negotiate everything to do with real estateWork with agents and other professionalsProject income potential and cash flowHandle contracts, inspections, and closingsWhether you’re interested in a fixer supper for rental, premier office space you can lease, or a vacation home you can enjoy and rent, when you become a buyer, you also become a landlord. That means you can hear from tenants any time, night or day. It means you may not hear from them when the rent is due. Real Estate Investing for Dummies also helps you:Find and keep good tenantsNegotiate lease agreementsInsure and maintain your propertyKeep good records for tax and accounting purposesRemember, with any deal, you have to know when to hold them and know when to fold them. So Real Estate Investing for Dummies gives you guidelines on when and how to sell and how to reinvest to build wealth. It also lists 10 real estate investments you shouldn’t touch with a 10-foot pole. Especially if you’re tempted by those late-night infomercials, that warning could save you a fortune!
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