New Path to Real Estate Wealth: Earning Without Owning

Overview

MAKE A FORTUNE IN REAL ESTATE—Without Owning Property!

Did you know that you don't actually have to own real estate to profit from it? It's true! If you control the paperwork of real estate—the contracts, mortgages, and deeds—you can make money without owning anything.

The New Path to Real Estate Wealth offers a step-by-step system that takes you from the basics of real estate investing to the more sophisticated strategies that let you earn ...

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Overview

MAKE A FORTUNE IN REAL ESTATE—Without Owning Property!

Did you know that you don't actually have to own real estate to profit from it? It's true! If you control the paperwork of real estate—the contracts, mortgages, and deeds—you can make money without owning anything.

The New Path to Real Estate Wealth offers a step-by-step system that takes you from the basics of real estate investing to the more sophisticated strategies that let you earn without owning. Whether you're a new investor or an experienced one, you'll make big money in the world's safest, most reliable investment with expert guidance on:

  • Finding great deals
  • Working with real estate agents
  • Evaluating and inspecting property
  • Writing and presenting an offer
  • Flipping the deal for quick cash

Once you understand the basics of real estate investing, you can move on to four proven strategies for making a fortune without owning property. Authors and real estate experts

Chantal and Bill Carey show you how to make a bundle by flipping properties quickly, assigning contracts, using options, and buying discounted mortgages and government tax liens for pennies on the dollar. You can control valuable contracts and properties—without the liabilities and hassles of ownership.

Packed with real-world examples and proven real estate wisdom, this handy guide proves that anyone can make money in real estate. So start investing today . . . and get on

The New Path to Real Estate Wealth!

Author Biography: CHANTAL HOWELL CAREY is the coauthor with Bill Carey of How to Sell Your Home Without a Broker, also available from Wiley. She has handled millions in real estate sales and management as a broker, consultant, and trustee.
BILL CAREY began selling real estate in 1977, and is a former director of the San Diego Association of Realtors and the California Association of Realtors.

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Product Details

  • ISBN-13: 9780471467915
  • Publisher: Wiley
  • Publication date: 5/28/2004
  • Edition number: 1
  • Pages: 288
  • Product dimensions: 7.48 (w) x 9.04 (h) x 0.63 (d)

Table of Contents

Preface xi
Introduction xiii
Section 1 Real Estate Basics 1
1. Deciding on Your Goals: Decide on your goals before you invest in real estate 3
2. Finding a Good Deal: Finding a good deal is the key to your success in real estate 11
3. Working with Real Estate Agents: Every real estate agent acts in a professional manner with real estate sellers 23
4. Evaluating and Inspecting Property: Evaluating and inspecting property is a simultaneous process 29
5. Writing and Presenting Your Offer: There are no oral agreements in real estate 36
6. Closing Your Deal: Properly closing your deal will make you a lot of money 46
Section 2 Flipping Real Estate 55
7. What Is Flipping? Flipping is buying a property and then selling it quickly 57
8. Why Use Flipping? Flipping is the fastest way to make money in real estate 65
9. How to Flip: Flipping is a two-step process. First tie up a property, then find a buyer 74
10. When to Flip: Flipping at the right time is crucial 81
11. Finding Flips: Every real estate transaction has a potential for flipping 89
Section 3 Assigning Real Estate Contracts 99
12. What Is Assigning? Assigning transfers your position in a real estate contract to another for a fee 101
13. Why Use an Assignment? Assigning a real estate contract makes you money without buying the property 109
14. How to Assign a Contract: Assigning a contract begins when you write the initial offer 118
15. When to Assign a Contract: Assign a contract before the closing 126
16. Finding Assignments: Every contract can be assigned 135
Section 4 Real Estate Options 143
17. What Is an Option? An option gives you the right to buy a property without having to buy it 145
18. Why Use an Option? Walt Disney assembled the property for Disney World using options 154
19. How to Option: Optioning begins with the option contract 164
20. When to Option: By using an option, you can control property without buying it 175
21. Finding Options: There are many options when it comes to finding options 184
Section 5 Discounted Paper and Government Tax Liens 193
22. What Is Discounted Paper? Discounted paper is a mortgage bought for less than the face amount of the note 195
23. Why Buy Discounted Paper? Buying discounted paper makes you money and gives you security 203
24. How to Buy Discounted Paper: Buying discounted paper is easy 211
25. When to Buy Discounted Paper: Buy discounted paper when it becomes seasoned 219
26. Finding Discounted Paper: Every mortgage can be turned into discounted paper 226
Conclusion 235
Appendix A Deeds Chart 237
Appendix B Loans Chart 239
Glossary 241
Index 261
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