The Book on Investing In Real Estate with No (and Low) Money Down: Real Life Strategies for Investing in Real Estate Using Other People's Money

by Brandon Turner, Joshua Dorkin (Foreword by)

Overview

Is Your Lack of Cash Holding You Back From Your Real Estate Dreams? Don't let the contents of your wallet define your future. Discover the real life strategies that smart investors are using in today's market to invest in real estate with creativity! In The Book on Investing in Real Estate with No (and Low) Money Down, active real estate investor and co-host of the BiggerPockets Podcast, Brandon Turner takes readers past the hype and dives into real life strategies that investors across the world are using to invest in real estate using creativity - instead of their own cash.

In This Book, You'll Discover:
• The Truth About No Money Down Investing Investing with little to no money down is possible, but it’s not about some step by step strategy. It’s about a mindset.
• Numerous Strategies to Mix and Match Creative investing requires a creative mind, and this book will share numerous examples of creative deal-making.
• Attract Private Money, Lenders, and Partners There are millions of millionaires walking the streets. Discover the best way to attract them to you.
• The Ugly Side of Creative Investing Learn the downsides to all the strategies mentioned in this book, as well as tips for overcoming those problems.
•Get Started with No Money or Experience Looking for your first deal? Learn the best strategies for getting your feet wet without paying thousands!
• Wholesaling, Flipping, Rentals, and More! No matter what niche or strategy you plan to use to build your real estate empire, this book can help you proceed.

Who is This Book For? The Book Investing in Real Estate with No (and Low) Money Down was written for anyone looking to get more mileage out of their real estate investment strategy. House flippers, landlords, wholesalers, note buyers, private lenders, and more can all benefit from the information provided. No matter what your skill level or experience in real estate has been, The Book on Investing in Real Estate with No (and Low) Money down is for you. What’s Different About This Book? The Book on Investing in Real Estate with No (and Low) Money Down is different because its not about “one right strategy.” Instead, the book is a collection of numerous different strategies to help you be able to handle whatever deal comes your way. We believe that The Book will not only help you navigate the world of creative real estate finance, but will help change your entire mindset in how you approach real estate investing in general. How Will This Book Help Me? No matter how much money you have in your checking account, there is always real estate you can’t afford. Even the most successful real estate investors use creativity to invest in real estate without using their own cash. This book will provide numerous strategies, tips, and ideas for leveraging other people’s money to help you do more deals.

Product Details

ISBN-13:	9780990711711
Publisher:	BiggerPockets Publishing
Publication date:	08/13/2014
Pages:	187
Sales rank:	29,569
Product dimensions:	6.00(w) x 8.90(h) x 0.50(d)

Table of Contents

Foreword 1

Chapter 1 The Art of Creative Real Estate Investing 5

Who Am I? 6

It's Not About Being Broke or Irresponsible 7

This Book Is Not About Getting Rich Quick 8

To Whom Is This Book For? 8

You CAN Afford It 9

Should You Really Invest with No Money Down? 10

The Four Rules of Creative Investing 11

No Money Down: A Myth, Scam, or Secret? 15

Having the Right Tool for the Right Job 16

What to Expect in This Book 16

Will All These Strategies Work for Me? 17

Chapter 2 Owneroccupied Investment Properties 19

What Exactly Are We Talking About? 19

FHA Insured Loans 26

The 203k Loan 29

The VA Loan 33

USDA Loans 34

Wrapping It Up: Owner-Occupied Investment Properties 36

Chapter 3 Partnerships 39

Let Me Introduce You to "Bob" 40

Building Your Brand 41

How to Work with Bob: Four Strategies 44

Dangers and Pitfalls of Using Partners 49

Wrapping it Up: Is a Partnership Right for You? 52

Chapter 4 Home Equity Loans/ Lines of Credit 55

Where Do I Get a Home Equity Loan? 56

Risks and Drawbacks of Using Home Equity 62

Wrapping it Up: Home Equity Loans and Lines of Credit 65

Chapter 5 Strategies For Using Hard Money 67

What Is Hard Money? 67

Trouble on the Horizon 67

Will a Hard Money Lender Fund the Entire Purchase Price? 72

Wrapping it Up: Should You Use Hard Money? 77

Chapter 6 Raising Privatemoney to Fund Your Deals 79

What Is Private Money? 79

Who Are Private Lenders? 81

How to Find Private Money Lenders 81

How to Talk with Potential Lenders 84

Meeting with Your Potential Private Lender 86

Getting Your Private Lender to Commit 88

How to Structure Your Private Loans: An Interview with Four Real Estate Investors 88

Legal Issues with Raising Money 99

Risks and Drawbacks to Using Private Money 102

Wrapping it Up: Should You Use Private Money? 103

Chapter 7 Lease Options 105

What Is a Lease Option? 105

Why Lease Options? 108

No Money Down Investing with a Lease Option 110

Risks and Drawbacks of the Lease Option 120

Wrapping it Up: Lease Options 122

Chapter 8 Seller Financing 125

What Is Seller Financing? 125

Why Would Sellers Sell Via Seller Financing? 128

Three Ways to Find Seller-Financed Deals 132

Risks and Drawbacks of Seller Financing 132

Seller Financing Doesn't Mean "Buy a Bad Deal" 134

Chapter 9 Real Estate Wholesaling 135

What Is Real Estate Wholesaling? 136

Example of a Wholesale Deal 137

Does Wholesaling Require Money? 139

Marketing for Great Deals 140

Is Wholesaling a Job or Investing? 144

Wholesaling Math 146

The 70% Rule 152

Estimating Rehab Costs 156

The Difficulty of Being a Wholesaler 161

Making Your Offer and Negotiating with Sellers 161

Finding and Working with Cash Buyers 166

Legally Putting Together a Wholesale Deal 174

Wrapping it Up: Wholesaling 178

Chapter 10 Creative Combinations 181

Wrapping Up: Where to Go Next? 185

Final Thoughts 187

More From Biggerpockets 189