How to Invest in Cheap Foreclosures for Under $10,000

How to Invest in Cheap Foreclosures for Under $10,000

by Cassandra Black
     
 
HOW TO INVEST IN CHEAP FORECLOSURES FOR UNDER $10,000 is plain old "common sense speak" by a small investor who has taken the plunge into real estate investing. The experiences, successes and mistakes will guide the newbie as they ponder investing in a foreclosure-ridden market.

This book, which dissects the purchase of a cheap foreclosure, is a great little

Overview

HOW TO INVEST IN CHEAP FORECLOSURES FOR UNDER $10,000 is plain old "common sense speak" by a small investor who has taken the plunge into real estate investing. The experiences, successes and mistakes will guide the newbie as they ponder investing in a foreclosure-ridden market.

This book, which dissects the purchase of a cheap foreclosure, is a great little companion to any publication written about real estate investing.

See the Appendix section for excellent additional resources, complete with investing formulas, landlord law, Section 8 references, helpful articles and websites, and more.

TABLE OF CONTENTS

Introduction
Particulars of the Subject Property
Once in a Lifetime Opportunity
You Don't Have to Pay Six Figures for a Home!
Where to Find Cheap Foreclosures
Know the Area in Which You're Buying
Simple Math
Escrowing Taxes and Insurance
To Escrow or Not to Escrow ...
What is Section 8?
Section 8 Inspections ? SAMPLE FORMS
Section 8 Inspection Checklist
My First Section 8 Check as a Landlord
Pros of Renting to Section 8 Tenants
Cons of Renting to Section 8 Tenants
Section 8 Competition
The Junkyard is Your Friend
Rehabbing "Supply" Costs and How to Cut Corners
Some Basic Contractor Costs to Expect when Rehabbing
Quick & Dirty Figures
"Dusty Muffins" Can Blow Your Budget!
Flooring Tip: Yup, Paint the Wood!
Positive Cash Flow
Preparing for Unexpected Repairs
Find Fair Market Rent Data for 2011
Picking Up More Properties
Hard, Cold Cash will Get You a Better Deal!
Possible Pitfalls and How to Avoid Them
Failing to Research
In Closing

APPENDIX: Helpful Information, Websites, Articles and Guides--Buy, Close, Move IN!: Budgeting For Investment Property Costs
--The Safest Ways to Buy Foreclosures
--What You Need to Know About Buying A Foreclosure
--Buy, Close, Move IN!: Budgeting For Investment Property Costs
--The Foreclosures.com Guide to Advanced Investing Techniques You Won't Learn Anywhere Else
--Real Estate Investment: Equations, Formulas, Calculators
--Housing Authority Contact Information
--Housing Choice Vouchers Fact Sheet
--Housing Choice Voucher Program Guidebook
--Request for Tenancy Approval, Housing Choice Voucher Program Form
--Housing Assistance Payments (HAP) Contract
--Section 8 Tenant-Based Assistance Tenancy Addendum
--Landlords & Rental Property ? Managing Your Landlord Business
--Landlord-Tenant Statutes, State by State
--State-specific Landlord Tenant Handbook

Product Details

ISBN-13:
2940013576919
Publisher:
Stone Cottage Books
Publication date:
11/08/2011
Sold by:
Barnes & Noble
Format:
NOOK Book
File size:
2 MB

Meet the Author

CASSANDRA BLACK is a writer, publisher and entrepreneur (Foreclosure Cleanup, LLC). She has authored and published several business publications via StoneCottageBooks.com, as well as a children's picture book. She currently spends her time between the Caribbean and Atlanta.

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