[Dummies 01] • Real Estate Investing For Dummies · 3rd Edition, 3 by Tyson, Eric -- Read -- Imperial Library of Trantor

Index

Cover Eric and Robert’s Principles for Success Title Page Table of Contents Introduction

About This Book Foolish Assumptions Icons Used in This Book Beyond This Book Where to Go from Here

Part I: Getting Started with Real Estate Investing

Chapter 1: Evaluating Real Estate as an Investment

Understanding Real Estate’s Income- and Wealth-Producing Potential Recognizing the Caveats of Real-Estate Investing Comparing Real Estate to Other Investments Determining Whether You Should Invest in Real Estate Fitting Real Estate into Your Plans

Chapter 2: Covering Common Real Estate Investments

Identifying the Various Ways to Invest in Residential Income Property Surveying the Types of Residential Properties You Can Buy Considering Commercial Real Estate Buying Undeveloped Land

Chapter 3: Considering Foreclosures, REOs, Probate Sales, and More

Finding Foreclosures and REOs Getting a Jump On Foreclosure and REO Competition with Short Sales Contemplating Lease Options Probing Probate Sales and Auctions

Chapter 4: Taking the Passive Approach

Using Real Estate Investment Trusts Understanding Tenants in Common Comprehending Triple Net Properties Eyeing Notes and Trust Deeds Looking At Tax Lien Certificate Sales Considering Limited Partnerships

Chapter 5: Fast Money: Small Down Payments and Property Flips

Purchasing with No Money Down Buying, Fixing, and Flipping or Refinancing

Chapter 6: Building Your Team

Knowing When to Establish Your Team Adding a Tax Advisor Finding a Financial Advisor Lining Up a Lender or Mortgage Broker Working with Brokers and Agents Considering an Appraiser Finding an Attorney

Part II: How to Get the Money: Raising Capital and Financing

Chapter 7: Identifying Sources of Capital

Calculating the Costs of Admission Rounding Up the Required Cash by Saving Overcoming Down Payment Limitations

Chapter 8: Financing Your Property Purchases

Taking a Look at Mortgage Options Reviewing Other Common Fees Making Some Mortgage Decisions Borrowing Against Home Equity Getting a Seller-Financed Loan Mortgages That Should Make You Think Twice

Chapter 9: Securing the Best Mortgage Terms

Shopping for Mortgages Solving Potential Loan Predicaments

Part III: Finding and Evaluating Properties

Chapter 10: Location, Location, Value

Deciding Where to Invest Finding Properties to Add Value Evaluating a Region: The Big Picture Investigating Your Local Market Evaluating Neighborhoods Mastering Seller’s and Buyer’s Markets

Chapter 11: Understanding Leases and Property Valuation

The Importance of Evaluating a Lease Reviewing a Lease: What to Look For Understanding the Economic Principles of Property Valuation Reviewing the Sources of Property-Valuing Information Establishing Value Benchmarks

Chapter 12: Valuing Property through Number Crunching

Understanding the Importance of Return on Investment Figuring Net Operating Income Calculating Cash Flow Surveying Lease Options The Three Basic Approaches to Value Reconciling the Three Results to Arrive at a Single Value Putting It All Together: Deciding How Much to Pay

Chapter 13: Preparing and Making an Offer

Negotiating 101 Preparing to Make Your Offer: Understanding Contract Basics Addressing Key Provisions in the Purchase Agreement Presenting the Purchase Agreement

Chapter 14: Due Diligence, Property Inspections, and Closing

Opening Escrow Conducting Formal Due Diligence Negotiating Credits in Escrow Determining How to Hold Title Closing the Transaction

Part IV: Operating the Property

Chapter 15: Landlording 101

Hiring Management Help: Yes or No? Finding and Hiring Pros Testing for Environmental Issues Deciding on Rental Policies Working with Existing Tenants Upon Property Acquisition Finding Stable, Trustworthy Tenants Renovating and Upgrading to Add Value

Chapter 16: Protecting Your Investment: Insurance and Risk Management

Developing a Risk Management Plan Getting the Insurance You Need

Chapter 17: Recordkeeping and Accounting

Organizing Your Records Knowing What to Account For Doing Your Accounting Manually Using Software

Chapter 18: Looking at Tax Considerations and Exit Strategies

Understanding the Tax Angles Considering Exit Strategies

Part V: The Part of Tens

Chapter 19: Ten Ways to Increase a Property’s Value

Raise Rents Reduce Turnover Consider Lease Options Develop a Market Niche Maintain and Renovate Cut Back Operating Expenses Scrutinize Property Tax Assessments Refinance and Build Equity Quicker Take Advantage of Tax Benefits Be Prepared to Move On Improve Management

Chapter 20: Ten Steps to Real Estate Investing Success

Build up Savings and Clean up Credit Buy Property in the Path of Progress Buy the Right Property at the Best Price Possible Renovate Property the Right Way Keep Abreast of Market Rents Recover Renovation Dollars through Refinancing Reposition Property with Better Tenants Become or Hire a Superior Property Manager Refinance or Sell and Defer Again Consolidate Holdings into Larger Properties

About the Authors Authors’ Acknowledgments Cheat Sheet Advertisement Page Connect with Dummies End User License Agreement

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