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

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

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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

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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 5 out of 5 based on 0 ratings. 2 reviews.
Armando Chavez More than 1 year ago
First book I read about real estate investing and by far the most creative one with many real life examples and many different creative strategies
Anonymous More than 1 year ago
Excellent book that clearly describes some of the creative ways to fund real estate deals. Highly recommend to anyone who is interested in learning how this side of real estate investing works.