Everything you need to confidently make real estate part of yourinvesting plan
Do you want to get involved in real estate investing, but aren'tquite sure where to start? Real Estate Investing For Dummiesis your go-to resource for making sense of the subject, offeringplain-English, step-by-step explanations of everything you need toknow to keep yourself one step ahead of the competition. Inside,you'll discover how to overcome the challenges of the market, takeadvantage of the opportunities in any real estateenvironment—including a down market—and so muchmore.
Written by industry experts Eric Tyson and Robert Griswold, thisnew edition of Real Estate Investing For Dummies offersproven, practical, and actionable advice for anyone who wants toinvest in income-producing properties. With the help of thisstraightforward and time-tested information, you'll get theknow-how to wisely and confidently make smart, sound, and informedreal estate investing decisions that will reap big rewards.
- Shows you how to make real estate part of your long-terminvestment plan
- Provides tips on getting the best deals on financing
- Offers trusted guidance on mastering the art of propertyvaluation
- Gives you access to unprecedented information on how to buildwealth in any market
If you want to jump into the real estate market as a first-timeinvestor or just want to brush up on recent changes that haveoccurred in the field, Real Estate Investing For Dummies isan essential resource you'll turn to again and again.
About the Author
Eric Tyson, MBA, is a nationally recognized personal finance counselor, syndicated columnist, and bestselling author of numerous For Dummies books. Robert S. Griswold , MSBA, is a successful real estate investor, hands-on property manager with a large portfolio of residential and commercial properties, and the author of Property Management Kit For Dummies and co-author of Landlord's Legal Kit For Dummies.
Table of Contents
Part I: Getting Started with Real Estate Investing 5
Chapter 1: Evaluating Real Estate as an Investment 7
Chapter 2: Covering Common Real Estate Investments 23
Chapter 3: Considering Foreclosures, REOs, Probate Sales, and More 41
Chapter 4: Taking the Passive Approach 59
Chapter 5: Fast Money: Small Down Payments and Property Flips 75
Chapter 6: Building Your Team 83
Part II: How to Get the Money: Raising Capital and Financing 99
Chapter 7: Identifying Sources of Capital 101
Chapter 8: Financing Your Property Purchases 113
Chapter 9: Securing the Best Mortgage Terms 131
Part III: Finding and Evaluating Properties 139
Chapter 10: Location, Location, Value 141
Chapter 11: Understanding Leases and Property Valuation 171
Chapter 12: Valuing Property through Number Crunching 185
Chapter 13: Preparing and Making an Offer 211
Chapter 14: Due Diligence, Property Inspections, and Closing 229
Part IV: Operating the Property 265
Chapter 15: Landlording 101 267
Chapter 16: Protecting Your Investment: Insurance and Risk Management 301
Chapter 17: Recordkeeping and Accounting 311
Chapter 18: Looking at Tax Considerations and Exit Strategies 325
Part V: The Part of Tens 349
Chapter 19: Ten Ways to Increase a Property’s Value 351
Chapter 20: Ten Steps to Real Estate Investing Success 359
Most Helpful Customer Reviews
I want to first state that I am an acquaintance of one of the authors, Robert Griswold. And since I know Robert is a member of the teaching faculty of the Institute of Real Estate Management (IREM), I was anxious to read his new book. (Another great book he authored is 'Property Managment for Dummies (GREAT). Upon the completion of reading this book, I realize that the authors have set a new and comprehensive standard for real estate investors. Investment in Real Estate is an interesting and often frustrating process. Don't let the title fool you, this is a SERIOUS book for serious real investors whether novice or veteran. The authors obviously know their subject, which is highly diverse. You are guided around pitfalls, and problems. It's almost like you have a wise sage holding your hand because the authors have 'been there and done that'. I appreciated their candor and honesty throughout the book, but in particular their take on the 'infomercial guru's' who sell their get-rich-quick real estate tapes and CD's on the unsuspecting public on late night television. All you other real estate authors take note. You have a new standard to shoot for. Five stars, easy.
This book is layed out like the rest of the Dummies books in a very easy to follow format. It points out items to definitely remember when considering transactions and also points out warnings. This book I give 5 stars because it truly explains everything to the average Joe. It isn't boring. You get to learn the different aspects of real estate investing. Real estate investing isn't limited to just flipping houses, you'll find by reading this book there's many more roads that's equally profitable.