The Abandoned Property Investor's Kit: Find the Owner, Buy Low (with No Competition!), Sell for Big Profits

Overview

"A declining market is the best market in which to make money."
Donald J. Trump

With rising foreclosure rates, it's easy to find discount properties—especially in the abandoned property market. But how do you choose the best ones with the most profit potential? And how do you deal with the complexities and problems associated with abandoned properties?

The Abandoned Property Investor's Kit gives you all the practical, effective tools you need ...

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Overview

"A declining market is the best market in which to make money."
Donald J. Trump

With rising foreclosure rates, it's easy to find discount properties—especially in the abandoned property market. But how do you choose the best ones with the most profit potential? And how do you deal with the complexities and problems associated with abandoned properties?

The Abandoned Property Investor's Kit gives you all the practical, effective tools you need to break into this lucrative real estate niche. Reggie Brooks, the #1 abandoned property specialist in North America, shows you how to find abandoned properties, locate the owners, negotiate a cheap sale, get the financing you need, and turn your investment into big bucks. Brooks also explains the tricky aspects of abandoned property investing and offers proven solutions for dealing with them.

Inside, you'll discover how to:

  • Start investing in your spare time, with little or no money down
  • Find great properties in your market
  • Use creative financing techniques like wraparound mortgages and subject-to deals
  • Rehabilitate properties for increased curb appeal and higher rents or resale prices
  • Negotiate to win with lenders and owners
  • Understand purchase agreements and other documents

Even without cash on hand or a massive line of credit, savvy investors can still make a bundle. This comprehensive guide shows you how.

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Product Details

  • ISBN-13: 9780470267653
  • Publisher: Wiley
  • Publication date: 8/11/2008
  • Edition number: 1
  • Pages: 240
  • Sales rank: 1,005,539
  • Product dimensions: 5.90 (w) x 8.90 (h) x 0.70 (d)

Meet the Author

REGGIE BROOKS is known as "Mr. Abandoned Properties" and is America's leading speaker on the subject. Starting with very little money, he began investing in abandoned rental properties in Los Angeles and went from making $36,000 per year at the local telephone company to making over $40,000 per month in his real estate business. He remains an active investor.

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Table of Contents

Chapter 1: How I Got Started Making an Extra $43,000 Investing in Abandoned Properties—And How You Can Too!

Investing in Abandoned Properties Is a Public Service to Your Community.

Foreclosures Feed the Abandoned Property Market.

How I Got Started.

The Beauty of Abandoned Property Investing: Very Few Competing Buyers!

Chapter 2: Why Every Real Estate Investor Should Do at Least One Abandoned Property Deal.

Motivated Sellers.

Advantages of Abandoned Property Investing over Other Strategies.

Combining Abandoned Properties with Other Techniques.

Chapter 3: How to Nail Low- or No-Money-Down Deals.

Raise the Price, Lower the Interest Rate.

Government Programs.

How to Research Grants in Your Area.

Available Loan Programs.

Chapter 4: Find Abandoned Properties Fast.

Target Your Search.

Spread the Word.

Join the Club.

Other Commonsense Strategies.

Stick with a System.

Chapter 5: Track Down the Owner.

Ask the Neighbors.

The Tax Advantage.

Other Public Records.

Simplicity Itself.

Chapter 6: Negotiating: Understand What Owners Want.

Key Principles.

Emotions in Negotiation.

Preparing to Negotiate.

Striving for a Win-Win.

Establishing Rapport.

What Does the Seller Need?

Chapter 7: Want an Option? Be Convincing.

A Sample Option Purchase.

Purchase Agreement and Receipt for Deposit.

Another Great Option Story.

Selling an Option.

Other Option Techniques.

Chapter 8: Creative Financing Techniques.

The Wraparound Mortgage.

The Subject-To Deal.

The Contract for Deed.

Other Creative Strategies.

Chapter 9: Turning the Corner and Heading Down the Home Stretch to the Abandoned Properties Winner’s Circle.

Determining the Value of a Property.

Making an Offer.

A Standard Real Estate Purchase Contract.

The Purchase Contract Explained.

Chapter 10: Rehabbing Abandoned Properties: Creating Curb Appeal and Homes in Demand for Maximum Profit.

Preparation and Inspection.

Renovating for Rental.

Renovating for Resale.

A Shopping Trip.

Chapter 11: An Abandoned Property Deal from A to Z.

Schedule Reggie Brooks to Speak at Your Event.

Special Bonus: How to Create Massive Wealth in Real Estate.

Here’s How to Get Your Free Wealth-Building Bonus . . . .

Who Is Reggie Brooks?

Index.

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Sort by: Showing all of 5 Customer Reviews
  • Posted November 15, 2008

    Abandoned Property Real Estate Investing Riches Made Easy

    For a novice real estate investor this book is a dream come true. If you're more experienced, and coming to abandoned property real estate investing from another niche, the first thing you'll notice is the lack of competition. Instead of butting heads with every other investor in America hoping to make a buck, you're all alone to cherry pick the very best investment opportunities out there.<BR/><BR/>Reggie Brooks knows real estate investing, and he teaches you every step of the abandoned property process. He teaches you step-by-step how to find these properties -- and they're EVERYWHERE -- how to track down the owners using some really cool strategies, how to negotiate a winning deal that's good for you and the homeowner, and then exactly what to do with the property once you have it.<BR/><BR/>If you're used to real estate investing books that grab your attention with big promises and a slick title only to head you down a slippery slope towards an upsell or stunning disappointment, don't worry. Reggie Brooks goes out of his way to not only deliver the goods, but he shows you how to take advantage of government programs and other wealth-building opportunities.<BR/><BR/>The best part of this book? Mr. Brooks is like a modern day sage, because there are hundreds of thousands of foreclosures hitting the market right now and the number is only going to get bigger as the market bounces its way to the bottom. The foreclosure market is feeding the abandoned property market so there are more golden opportunities to build sustainable wealth than ever before. <BR/><BR/>I HIGHLY, HIGHLY recommend this book. It works -- and it delivers with huge deposits into your bank account. It's a tremendous resource in any economy, but this real estate investing book is better than any government bailout!

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  • Posted November 13, 2008

    The information reinforced the value in continued education. By reading the book, it inspired fresh new ideas even for a seasoned pro. My business has increased significantly upon reading and utilizing key techniques that I learned. Easy read.

    Within the past eight months I experienced a serious slow down in business. Foreclosures were looming and my capital was spread thin. At the end of first quarter 08' I suffered significant loss in capital and this continued. Faced with such adversity, I became depressed. This obviously affected my personal life as well. Most people scoffed at the mention of investing in real estate, due to low confidence. I wondered if I would need to switch professions.<BR/>After reading the simple concepts, it got me back to basics and thrusted me back into investing. I have a renued confidence in myself and my abilities to execute. After rebuilding my capital position, I was able to successfully flip three houses for profit this year. The Abandoned Property Investor's Kit got me back on track and I have recomended the book to my e-invest group.

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  • Posted October 31, 2008

    THE ABANDONED PROPERTY INVESTOR'S KIT

    I have been a real estate investor for over 25 years and have read few books which described this unique way of investing in real estate with little or no competition. Whether you are novice or professional, this book will open your mind to another method of acquiring "these diamonds in the rough" properties with the potential of earning astounding profits!

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  • Posted October 23, 2008

    The absolute best book on making money in a "niche" market that I've read...

    This book teaches you how to make some serious money in a unique area of real estate investing called abandoned properties. It was easy reading and full of examples of success stories that showed me how anybody could do it.<BR/><BR/>I also appreciated the fact that the author is actually active in the real estate investment world, doing what he's writing about. I give it 3 thumbs up!

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    Posted October 16, 2011

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