Investing in Real Estate.

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Investing in Real Estate; Contents; Acknowledgments; Prologue: Invest in Property Now; 1: Achieve a Prosperous Future: 22 Ways You Can Earn Profits with Property; 22 Sources of Profit from Investment Property; Will the Property Experience Price Gains from Appreciation?; Will You Gain Price Increases from Inflation?; Earn Good Returns from Cash Flows; Magnify Your Equity Gains with Leverage; Magnify Returns from Cash Flows with Leverage; Build Wealth through Mortgage Payoff; Over Time, Returns from Rents Go Up; Refinance to Lift Your Cash Flows; Refinance to Pocket Cash

Buy at a Below-Market PriceSell at an Above-Market-Value Price; Create Property Value through Smarter Management; Create Value with a Savvy Market Strategy; Create Value: Improve the Location; Convert from Unit Rentals to Unit Ownership; Subdivide Your Bundle of Property Rights; Subdivide the Physical Property (or Space within a Property); Create Plottage (or Assemblage) Value; Obtain Development or Redevelopment Rights; Diversify Away from Financial Assets; Is Property Your Best Investment Choice?; 2: OPM: Borrow Smart, Raise Cash, Build Equity; The Birth of "Nothing Down"

Should You Invest with Little or No Cash or Credit?What's Wrong with "No Cash, No Credit, No Problem"?; Leverage: Pros and Cons; What Are Your Risk-Return Objectives?; Maximize Leverage with Owner-Occupancy Financing; Owner-Occupied Buying Strategies; Current Homeowners, Too, Can Use This Method; Why One Year?; Where Can You Find High-LTV Owner-Occupied Mortgages?; What Are the Loan Limits?; High Leverage for Investor-Owner Financing; High Leverage versus Low (or No) Down Payment; Creative Finance Revisited; Are High-Leverage Creative-Finance Purchases Readily Available?

Build Confidence with Lenders, Investors, Sellers, and Sales AgentsCredit Scores and Credit Record; Capacity (Monthly Income); Cash Reserves and Source of Down Payment; Collateral; Loan-to-Value Ratios; Recourse to Other Assets or Income; Character; Competence and Experience; Compensating Factors; Automated Underwriting (AUS); 3: Appraisal: Ins and Outs of Market Value; What Is Market Value?; Sales Price Doesn't Necessarily Equal Market Value; Underwriting Rules Determine the Value in LTV; How to Estimate Market Value; Property Description; Identify the Subject Property; Neighborhood

Site (Lot) CharacteristicsImprovements; The Cost Approach; Calculate Cost to Build New; Deduct Depreciation; Lot Value; Estimate Market Value (Cost Approach); The Comparable Sales Approach; Select Comparable Properties; Approximate Value Range-Subject Property; Adjust for Differences; Explain the Adjustments; The GRM Income Approach; Income Capitalization; Net Operating Income; Estimate Capitalization Rates (R); Compare Cap Rates; Relative Prices: The Paradox of Risk and Appreciation (Depreciation); Valuation Methods: Summing Up; Appraisal Limiting Conditions

Valuation versus Investment Analysis

Machine generated contents note: Prologue: Invest in Property Now Today's Odds Point Directly towards Present and Future Gains Develop and Execute Your Strategy Now Notes Chapter 1 Achieve a Prosperous Future: 22 Ways You Can Earn Profits with Property 1.1 Potential Sources of Profit from Investment Property 1.2 Is Property Your Best Investment Choice? Notes Chapter 2: OPM: Borrow Smart, Raise Cash, Build Equity 2.1 The Birth of "Nothing Down" 2.2 Should You Invest With Little or No Cash or Credit? 2.3 Maximize Leverage with Owner-Occupancy Financing 2.4 What Are the Loan Limits? 2.5 High Leverage for Investor-Owner Financing 2.6 How to Build Confidence with Lenders, Equity Investors, Sellers, and Sales Agents Notes Chapter 3: Appraisal: Ins and Outs of Market Value 3.1 What Is Market Value? 3.2 How to Estimate Market Value 3.3 Property Description 3.4 The Cost Approach 3.5 The Comparable Sales Approach 3.6 The GRM Income Approach 3.7 Income Capitalization 3.8 Valuation Methods: Summing Up Notes Chapter 4: Maximize Cash Flows And Grow Your Equity 4.1 Will the Property Yield Good Cash Flows? 4.2 Will the Property Yield Profitable Increases in Price? 4.3 Summing Up Chapter 5: Pay Less than Market Value 5.1 Why Properties Sell for Less (or More) than Market Value 5.2 Prepare Screening Criteria 5.3 Bargain Sellers 5.4 Seller Disclosures 5.5 Summary Chapter 6: Profit with Foreclosures 6.1 The Foreclosure Process 6.2 Buy Pre-Foreclosures from Distressed Owners 6.3 Prequalify Homeowners and Properties 6.4 Finding Homeowners in Default (Prefiling) 6.5 Find Homeowners (Post-Filing) 6.6 Satisfy Lenders and Lien Holders 6.7 Profit from the Foreclosure Auction 6.8 The Foreclosure Sale: Summing Up Chapter 7: Profit from REOs and Other Bargain Sales 7.1 Sad For Sellers/Builders, Bargains For You 7.2 How to Find REOs 7.3 HUD Homes and Other HUD Properties 7.4 Department of Veterans Affairs (REOs) 7.5 Fannie Mae and Freddie Mac REOs 7.6 Federal Government Auctions 7.7 Buy from Foreclosure Speculators 7.8 Probate and Estate Sales 7.9 Private Auctions Notes Chapter 8: Profit by Creating Value 8.1 Fix, Sell, Profit! 8.2 Your "Fixer" Search 8.3 Improvement Possibilities 8.4 Required Repairs and Improvements 8.5 You Can Improve Everything about a Property--Including its Location 8.6 What Types of Improvements Pay the Greatest Returns? 8.7 Budgeting for Resale Profits 8.8 Comply with Laws and Regulations 8.9 Should You Buy a "Fixer"? Notes Chapter 9: More Techniques To Profit with Property 9.1 Lease Options 9.2 Lease Purchase Agreements 9.3 Conversions 9.4 Master Leases 9.5 Assignments: Flipping Purchase Contracts 9.6 Summary Chapter 10: Negotiate a Win-Win Purchase Agreement 10.1 Win-Win Principles 10.2 The Purchase Contract 10.3 Summary Notes Chapter 11: Strategic Management Builds Equity 11.1 The 10:1 Rule (More or Less) 11.2 Smart Strategic Decisions 11.3 Cut Operating Expenses 11.4 Add Value: Closing Words Chapter 12: Develop the Best Lease 12.1 The Mythical "Standard Lease" 12.2 Craft Your Rental Agreement 12.3 Tenants Rights Laws 12.4 Landlording: Pros and Cons Notes Chapter 13: Create Promotions that Sell 13.1 Design a Winning Value Proposition 13.2 Craft Your Selling Message 13.3 Reach Potential Buyers 13.4 Should You Employ a Realty Agent? Notes Chapter 14: Pay Less Tax 14.1 The Risks of Change and Complexity 14.2 Homeowner Tax Savings 14.3 Alternative Minimum Tax 14.4 Capital Gains 14.5 Tax-Free Exchanges 14.6 Reporting Rental Income and Deductions 14.7 Tax Credits 14.8 Property Taxes 14.9 Summary Notes Chapter 15: More Ideas for Profitable Investing 15.1 Out-of Area Investing 15.1.3 Emerging Growth Areas 15.1.4 Emerging Retirement/Second-Home Areas 15.1.5 Out-of-Area Caveats 15.2 Commercial Properties 15.3 Triple Net (NNN) 15.4 Self-Storage 15.5 Mobile Home Parks 15.6 Profitable Possibilities with Zoning 15.7 Tax Liens/Tax Deeds 15.8 Discounted Paper 15.9 Should You Form an LLC? Chapter 16: Opportunity for a Lifetime 16.1 Right Time, Right Price, Right Place (USA) Although property investing does not require market timing, market timing does add to our possibilities for scoring great deals. By "great deal," I not only refer to good price, good property as related to today's market prices. More importantly, today's investors will look back from 5, 10, or 20 years into the future and congratulate themselves for acting while the majority waited in idle worry and procrastination. 16.2 Personal Opportunity.

"To explore and illustrate contemporary and evolving market conditions and investment opportunities, this newly revised edition will include the following: 1. Provide historical/cyclical context to emphasize the unprecedented combination of bargain pricing and near record low interest rates now available in most cities. 2. Show how to meet and exceed today's changed loan underwriting standards. (Yes, loans are widely available-but readers/would-be investors must learn how to navigate the maze). 3. Discuss effective ways to successfully negotiate below-market prices with banks, distressed owners/mortgagors, and government agencies (HUD, FHA, Fannie, Freddie, etc.) 4. Reveal methods that will make sure your appraisal comes in at the value you want/need for loan approval. 5. Explain how to legally and ethically use easier/low down payment, owner-occupied financing to acquire investment properties. 6.^

Create Promotions that Sell 13.1 Design a Winning Value Proposition 13.2 Craft Your Selling Message 13.3 Reach Potential Buyers 13.4 Should You Employ a Realty Agent? Notes Chapter 14: Pay Less Tax 14.1 The Risks of Change and Complexity 14.2 Homeowner Tax Savings 14.3 Alternative Minimum Tax 14.4 Capital Gains 14.5 Tax-Free Exchanges 14.6 Reporting Rental Income and Deductions 14.7 Tax Credits 14.8 Property Taxes 14.9 Summary Notes Chapter 15: More Ideas for Profitable Investing 15.1 Out-of Area Investing 15.1.3 Emerging Growth Areas 15.1.4 Emerging Retirement/Second-Home Areas 15.1.5 Out-of-Area Caveats 15.2 Commercial Properties 15.3 Triple Net (NNN) 15.4 Self-Storage 15.5 Mobile Home Parks 15.6 Profitable Possibilities with Zoning 15.7 Tax Liens/Tax Deeds 15.8 Discounted Paper 15.9 Should You Form an LLC? Chapter 16: Opportunity for a Lifetime 16.1 Right Time, Right Price, Right Place (USA) Although property investing does not require market timing,^

Machine generated contents note: Prologue: Invest in Property Now Today's Odds Point Directly towards Present and Future Gains Develop and Execute Your Strategy Now Notes Chapter 1 Achieve a Prosperous Future: 22 Ways You Can Earn Profits with Property 1.1 Potential Sources of Profit from Investment Property 1.2 Is Property Your Best Investment Choice? Notes Chapter 2: OPM: Borrow Smart, Raise Cash, Build Equity 2.1 The Birth of "Nothing Down" 2.2 Should You Invest With Little or No Cash or Credit? 2.3 Maximize Leverage with Owner-Occupancy Financing 2.4 What Are the Loan Limits? 2.5 High Leverage for Investor-Owner Financing 2.6 How to Build Confidence with Lenders, Equity Investors, Sellers,^

Profit! 8.2 Your "Fixer" Search 8.3 Improvement Possibilities 8.4 Required Repairs and Improvements 8.5 You Can Improve Everything about a Property--Including its Location 8.6 What Types of Improvements Pay the Greatest Returns? 8.7 Budgeting for Resale Profits 8.8 Comply with Laws and Regulations 8.9 Should You Buy a "Fixer"? Notes Chapter 9: More Techniques To Profit with Property 9.1 Lease Options 9.2 Lease Purchase Agreements 9.3 Conversions 9.4 Master Leases 9.5 Assignments: Flipping Purchase Contracts 9.6 Summary Chapter 10: Negotiate a Win-Win Purchase Agreement 10.1 Win-Win Principles 10.2 The Purchase Contract 10.3 Summary Notes Chapter 11: Strategic Management Builds Equity 11.1 The 10:1 Rule (More or Less) 11.2 Smart Strategic Decisions 11.3 Cut Operating Expenses 11.4 Add Value: Closing Words Chapter 12: Develop the Best Lease 12.1 The Mythical "Standard Lease" 12.2 Craft Your Rental Agreement 12.3 Tenants Rights Laws 12.4 Landlording: Pros and Cons Notes Chapter 13:^

Summing Up Chapter 7: Profit from REOs and Other Bargain Sales 7.1 Sad For Sellers/Builders, Bargains For You 7.2 How to Find REOs 7.3 HUD Homes and Other HUD Properties 7.4 Department of Veterans Affairs (REOs) 7.5 Fannie Mae and Freddie Mac REOs 7.6 Federal Government Auctions 7.7 Buy from Foreclosure Speculators 7.8 Probate and Estate Sales 7.9 Private Auctions Notes Chapter 8: Profit by Creating Value 8.1 Fix, Sell,^

and Sales Agents Notes Chapter 3: Appraisal: Ins and Outs of Market Value 3.1 What Is Market Value? 3.2 How to Estimate Market Value 3.3 Property Description 3.4 The Cost Approach 3.5 The Comparable Sales Approach 3.6 The GRM Income Approach 3.7 Income Capitalization 3.8 Valuation Methods: Summing Up Notes Chapter 4: Maximize Cash Flows And Grow Your Equity 4.1 Will the Property Yield Good Cash Flows? 4.2 Will the Property Yield Profitable Increases in Price? 4.3 Summing Up Chapter 5: Pay Less than Market Value 5.1 Why Properties Sell for Less (or More) than Market Value 5.2 Prepare Screening Criteria 5.3 Bargain Sellers 5.4 Seller Disclosures 5.5 Summary Chapter 6: Profit with Foreclosures 6.1 The Foreclosure Process 6.2 Buy Pre-Foreclosures from Distressed Owners 6.3 Prequalify Homeowners and Properties 6.4 Finding Homeowners in Default (Prefiling) 6.5 Find Homeowners (Post-Filing) 6.6 Satisfy Lenders and Lien Holders 6.7 Profit from the Foreclosure Auction 6.8 The Foreclosure Sale:^

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