Real Estate Finance and Investment Manual

Real Estate Finance and Investment Manual

by Jack Cummings


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The classic real estate investment financing resource every investor needs—completely revised and updated!

Since 1977, Jack Cummings's Real Estate Finance and Investment Manual has been the definitive source of financing guidance for investors everywhere. If you want to maximize profits, you have to understand all your financing options and choose the appropriate strategy for each property. This comprehensive guide gives you all the information and insight you need to make the right choice every time.

Written by leading real estate author and investor Jack Cummings, this new edition has been completely revised for the first time in a decade. It covers all the new real estate investment strategies and insider techniques that will work for you no matter where you live and features brand-new case studies, updated mortgage information, and a unique "constant rate" amortization schedule designed by the author to help you better control cash flow. In addition to new material for today's real estate market, you'll find a mountain of reliable and practical information that has made this book the ultimate financing guide for investors for three decades.

Inside, you'll discover trustworthy, expert guidance on:

• Setting realistic goals to guide your investing choices

• Mastering the art of effective negotiation

• Using leverage to maximize returns on your investments

• How to decide between conventional and creative financing methods

• Understanding and using wraparound and blanket mortgages

• Uncovering real estate tax loopholes that increase cash flow

• Utilizing powerful techniques for closing any deal

With checklists and other handy resources you can put to immediate use, Real Estate Finance and Investment Manual, Ninth Edition is the only book you need to manage the financing of all your investment properties.

Product Details

ISBN-13: 9780134933887
Publisher: Prentice Hall Direct
Publication date: 01/28/1997
Edition description: REV
Pages: 512
Product dimensions: 7.01(w) x 9.20(h) x 1.64(d)

Table of Contents

Ch. 1 How Real-Estate Investing Goals Direct Financing Strategies 1
Ch. 2 How to Set Goals for Successful Real-Estate Investing 18
Ch. 3 The Power of Negotiating 34
Ch. 4 How Leverage and Risk Affect the Value of Real Estate 51
Ch. 5 Conventional Financing of First Mortgages: Where to Find Them and How to Negotiate the Best Terms 70
Ch. 6 How to Use Creative Financing to Maximize Your Benefits 113
Ch. 7 How to Use Government-Insured Loans to Finance Real-Estate Purchases and Sales 129
Ch. 8 How to Get Land Development and Construction Loans 155
Ch. 9 How to Use Blanket Mortgages 185
Ch. 10 How to Use the Wraparound Mortgage Effectively 196
Ch. 11 How a Sale-Leaseback Works for Both Buyer and Seller 230
Ch. 12 The Last Loophole to Build Wealth: Real-Estate Exchanges 243
Ch. 13 How to Use Pyramid Financing 282
Ch. 14 How and When to Use a Discount Sale + Buy-back 314
Ch. 15 When, Why, and How to Discount a Mortgage 325
Ch. 16 Two Prime Insider Techniques: Preferred Income Sweeteners and Options 340
Ch. 17 Three Secondary Financing Techniques That Close Deals 364
Ch. 18 Eleven Creative Financing Techniques That Make Your Deals Fly 381
Ch. 19 Four Techniques Where You Keep Part and Sell Part 415
Ch. 20 How to Use Hidden Benefits to Barter Your Way Into Real Estate 432
Ch. 21 The Five Stages of Every Real-Estate Transaction 452
Ch. 22 The Four Most Asked Questions About Real-Estate Financing 488
Ch. 23 How to Keep the Wolf from the Door: Dealing with Foreclosure 501
Appendix 513
Index 537

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Real Estate Finance and Investment Manual 4.3 out of 5 based on 0 ratings. 4 reviews.
Guest More than 1 year ago
This book covers over 40 different techniques for financing a real estate venture. This includes all types of real estate from single family homes to building a housing development. A must read for anyone interested in investing in real estate.
Guest More than 1 year ago
This is a great book to have on the shelf. He goes through countless numbers of examples and different types of creative financing strategies that are just great. Some of the examples require reading 2 or 3 time to get an understanding, but once you get it, it makes sense. I would definitely recommend this for anyone looking to invest in real estate.
Guest More than 1 year ago
I've gone through the entire Kiyosaki phase and was ready for more. Cummings delivers: from beginning to end, this book offers great advice and detailed methedologies concerning real estate investing. Not a book for those not familiar with real estate terminology and theory - If Kiyosaki is a light appetizer, this is meat & potatoes. Great book.
Guest More than 1 year ago
I borrowed this book from the library, read it completely, and am now buying it for my own reference. This a great book for people who are getting into the real estate game. It gets a little complicated when he starts throwing all the numbers into the examples but the basic concepts are great. It gives you new ways of looking at the finacial aspects of the deal and ways to make deals work that you would have never thought of. This is not one of those 'no money down' scams. It also gives you all the formulas you will need starting out.