{"product_id":"the-beginners-guide-to-real-estate-investing-isbn-9780470183427","title":"The Beginner's Guide to Real Estate Investing","description":"\u003cp\u003e\u003cb\u003eStart making money today—with the ultimate guide for first-time investors\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNo matter what the market does, real estate stilloffers plenty of money-making opportunities. In this new edition of \u003ci\u003eThe Beginner's Guide to Real Estate Investing\u003c\/i\u003e, Gary W. Eldred presents the toolsand knowledge new investors need to get started profitably. Packed with smart money-making strategies and real-life stories from successful investors, this edition also covers the latest information on financing, foreclosures, cash flow, and much more. You'll not only master the basics of investing, but also discover specialized techniques that the pros rely on to grow their long-term wealth. Concise yet comprehensive, this practical guide shows you how to:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eFind great deals on properties with big potential\u003c\/li\u003e \u003cli\u003eGet started with low- or no-down payment financing\u003c\/li\u003e \u003cli\u003eUtilize creative financing options and otherpeople's money\u003c\/li\u003e \u003cli\u003eBuy low-cost foreclosures and REOs\u003c\/li\u003e \u003cli\u003eMake value-adding improvements to any property\u003c\/li\u003e \u003cli\u003eCraft winning offers and negotiate like a pro\u003c\/li\u003e \u003cli\u003eManage rental properties hassle-free\u003c\/li\u003e \u003cli\u003eFlip investment properties for fast profit\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eIn addition, Eldred shows you how to tailor your investment strategy to make money almost anywhere, in any type of market. With proven techniques, timeless principles, and totally up-to-date information, \u003ci\u003eThe Beginner's Guide to Real Estate Investing\u003c\/i\u003e, Second Edition is the perfect place to start building a prosperous future—today.\u003c\/p\u003e \u003cp\u003eAbout This Book xi\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One: Mindset + Knowledge = Wealth 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Start Now 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eJust Say No to Excuses 3\u003c\/p\u003e \u003cp\u003eYou Must Believe It to See It 7\u003c\/p\u003e \u003cp\u003eSet Goals Now 12\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Multiple Paths to Building Wealth 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAppreciation in Market Values 19\u003c\/p\u003e \u003cp\u003eInflation 21\u003c\/p\u003e \u003cp\u003eCash Flows 24\u003c\/p\u003e \u003cp\u003eMortgage Payoff (Amortization) 24\u003c\/p\u003e \u003cp\u003eBuy at a Bargain Price 25\u003c\/p\u003e \u003cp\u003eCreate Value with Property Improvements 26\u003c\/p\u003e \u003cp\u003eImprove the Neighborhood and the Neighbors 27\u003c\/p\u003e \u003cp\u003eConvert the Use 28\u003c\/p\u003e \u003cp\u003eManage and Market Your Properties More Profitably 30\u003c\/p\u003e \u003cp\u003eProtect Your Profits from the IRS (Tax Shelter) 30\u003c\/p\u003e \u003cp\u003eDiscounted Notes, Tax Liens, Tax Deeds, and Realty Stocks 34\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two: How to Raise Money 37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Strengthen Your Credit Power 39\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eConsistency: Fast Track or Flake 39\u003c\/p\u003e \u003cp\u003eCharacter Counts 40\u003c\/p\u003e \u003cp\u003eCredit Scores Count Most 42\u003c\/p\u003e \u003cp\u003eSumming Up 51\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 How to Invest Using Little (or None) of Your Own Cash 52\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Low-Cash Deals Magnify Your Returns 52\u003c\/p\u003e \u003cp\u003eMinimize Your Down Payment with Owner-Occupant Financing 56\u003c\/p\u003e \u003cp\u003eDon’t Overlook FHA 59\u003c\/p\u003e \u003cp\u003eDiscover FHA’s Best Kept Secret: The 203(k) Program 62\u003c\/p\u003e \u003cp\u003eToo Many Vets Pass Up VA Loans 63\u003c\/p\u003e \u003cp\u003eEven Fannie and Freddie Accept Little- or Nothing-Down Loans 65\u003c\/p\u003e \u003cp\u003eSumming Up 66\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Avoid Banks, Seek Seller Financing 68\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow to Persuade the Sellers 69\u003c\/p\u003e \u003cp\u003eWhat Type of Seller Financing? 71\u003c\/p\u003e \u003cp\u003eTry a Contract-for-Deed 74\u003c\/p\u003e \u003cp\u003eAssume a Low-Interest-Rate Mortgage 77\u003c\/p\u003e \u003cp\u003e“Assume” a Nonassumable Mortgage 80\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Five More Techniques to Finance Your Investments 84\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWraparounds Benefit Buyers and Sellers 84\u003c\/p\u003e \u003cp\u003eLease Options 85\u003c\/p\u003e \u003cp\u003eLease-Purchase Agreements 91\u003c\/p\u003e \u003cp\u003eMaster-Lease an Apartment Building 92\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 How to Come Up with the Cash to Close 96\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCash Out Some of Your Current Home’s Equity 96\u003c\/p\u003e \u003cp\u003eBring in Partners 97\u003c\/p\u003e \u003cp\u003eSecond Mortgages 99\u003c\/p\u003e \u003cp\u003ePersonal Savings 100\u003c\/p\u003e \u003cp\u003eSell Unnecessary Assets 100\u003c\/p\u003e \u003cp\u003eEasy Money—Hard Terms 101\u003c\/p\u003e \u003cp\u003eUse Credit Cards 105\u003c\/p\u003e \u003cp\u003ePersonal Loans 105\u003c\/p\u003e \u003cp\u003eSweat Equity (Creating Value through Improvements) 105\u003c\/p\u003e \u003cp\u003eEliminate Your Down Payment with Pledged Collateral 106\u003c\/p\u003e \u003cp\u003eStudent Loans 107\u003c\/p\u003e \u003cp\u003eUse Creative Finance 107\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Here’s How to Qualify 109\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBe Wary of Prequalifying (and Preapproval) 109\u003c\/p\u003e \u003cp\u003eYou Can Make Your Qualifying Ratios Look Better 111\u003c\/p\u003e \u003cp\u003eThe Application Itself Contains Many Clues to Your Integrity 121\u003c\/p\u003e \u003cp\u003eNo Preset Qualifying Income Applies to Commercial Properties 122\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three: How to Invest for Maximum Gain 127\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Twenty-Seven Ways to Find or Create Below-Market Deals 129\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Properties Sell for Less (or More) than Their Market Value 129\u003c\/p\u003e \u003cp\u003eDon’t Dilly-Dally with Due Diligence 135\u003c\/p\u003e \u003cp\u003eHow to Find Bargain Sellers 137\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Make Money with Foreclosures and REOs 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Stages of Foreclosure 143\u003c\/p\u003e \u003cp\u003eApproach Owners with Empathy: Step One 145\u003c\/p\u003e \u003cp\u003eSome Investors Profit from the Foreclosure Auction: Step Two 148\u003c\/p\u003e \u003cp\u003eThe Benefits of Buying REOs: Step Three 151\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 More Sources of Bargains 156\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFederal Government Auctions 156\u003c\/p\u003e \u003cp\u003eSheriff Sales 157\u003c\/p\u003e \u003cp\u003eBuy from Foreclosure Speculators 157\u003c\/p\u003e \u003cp\u003eProbate and Estate Sales 157\u003c\/p\u003e \u003cp\u003ePrivate Auctions 159\u003c\/p\u003e \u003cp\u003eShort Sale Bargains 162\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Run Numbers Like a Pro 169\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMonitor the Construction Cycle 170\u003c\/p\u003e \u003cp\u003eHow to Profit from the Construction Cycle 170\u003c\/p\u003e \u003cp\u003ePer-Unit Measures 173\u003c\/p\u003e \u003cp\u003eGross Rent Multipliers (GRMs) 175\u003c\/p\u003e \u003cp\u003eCapitalized Value 176\u003c\/p\u003e \u003cp\u003eCash Flow Returns 181\u003c\/p\u003e \u003cp\u003eCreate Your Own Appreciation 183\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Greatly Increase the Value of Your Investment Property 184\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSearch for Competitive Advantage 185\u003c\/p\u003e \u003cp\u003eFirst, Verify Actual Rent Collections, Not Merely Rental Rates 186\u003c\/p\u003e \u003cp\u003eTalk with Tenants 187\u003c\/p\u003e \u003cp\u003eSet Your Rents with Market Savvy 188\u003c\/p\u003e \u003cp\u003eYour Apartment Checklist 189\u003c\/p\u003e \u003cp\u003eGive the Interior a Martha Stewart Makeover 190\u003c\/p\u003e \u003cp\u003eSafety, Security, and Convenience 193\u003c\/p\u003e \u003cp\u003eRightsize the Rooms 194\u003c\/p\u003e \u003cp\u003eCreate More Storage 195\u003c\/p\u003e \u003cp\u003eCheck Noise Levels 197\u003c\/p\u003e \u003cp\u003eOverall Livability 198\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Twenty-One More Ways to Push Up the Value of Your Properties 199\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCreate Strikingly Attractive Curb Appeal 199\u003c\/p\u003e \u003cp\u003eCollect More than Rent 202\u003c\/p\u003e \u003cp\u003eConvert a Garage, Attic, or Basement 203\u003c\/p\u003e \u003cp\u003eCreate an Accessory Apartment 204\u003c\/p\u003e \u003cp\u003eCreate a Special Purpose Use 205\u003c\/p\u003e \u003cp\u003eChange the Use of a Property 205\u003c\/p\u003e \u003cp\u003eCut Operating Expenses 208\u003c\/p\u003e \u003cp\u003eGentrification and Other Value Plays 210\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four: Onward and Upward to Build Wealth 217\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Win What You Want through Negotiation 219\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow to Define Win-Win 219\u003c\/p\u003e \u003cp\u003eKnow Thyself 222\u003c\/p\u003e \u003cp\u003eKnow the Property and Neighborhood 222\u003c\/p\u003e \u003cp\u003eKnow the Sellers 223\u003c\/p\u003e \u003cp\u003eEstablish Favorable Benchmarks 225\u003c\/p\u003e \u003cp\u003eTit for Tat 226\u003c\/p\u003e \u003cp\u003eGet Seller Concessions Early 226\u003c\/p\u003e \u003cp\u003eCome Ready to Buy 227\u003c\/p\u003e \u003cp\u003eAsk for More than You Expect 227\u003c\/p\u003e \u003cp\u003eEstablish Credibility 228\u003c\/p\u003e \u003cp\u003eNever Offer to Split the Difference 229\u003c\/p\u003e \u003cp\u003eList Your BATNAs 230\u003c\/p\u003e \u003cp\u003eNegotiate for Yourself 231\u003c\/p\u003e \u003cp\u003eLeave Something on the Table 233\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Write Your Purchase Offer 235\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNo Single Contract Form 235\u003c\/p\u003e \u003cp\u003eDraft Clauses with Understanding 236\u003c\/p\u003e \u003cp\u003eSumming Up 246\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 Craft Your Lease to Increase Profits 247\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAchieve Competitive Advantage 247\u003c\/p\u003e \u003cp\u003eCraft Your Rental Agreement 248\u003c\/p\u003e \u003cp\u003eLandlording: Pros and Cons 260\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 The 12 Secrets of Successful Landlording 262\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Good News 262\u003c\/p\u003e \u003cp\u003eHired Management versus Self-Management 263\u003c\/p\u003e \u003cp\u003eBefore You Buy, Verify, Verify, Verify 267\u003c\/p\u003e \u003cp\u003ePrepare the Property for Rental 269\u003c\/p\u003e \u003cp\u003eCraft a Winning Value Proposition 270\u003c\/p\u003e \u003cp\u003eAttract Topflight Tenants 271\u003c\/p\u003e \u003cp\u003eSet Up a Flawless Move-In Policy 275\u003c\/p\u003e \u003cp\u003eRetain Topflight Residents 276\u003c\/p\u003e \u003cp\u003eStrong Market? Raise Rents 277\u003c\/p\u003e \u003cp\u003ePrepare for Special Problems 279\u003c\/p\u003e \u003cp\u003eMaintain the Property 280\u003c\/p\u003e \u003cp\u003eProcess Move-Outs Smoothly 280\u003c\/p\u003e \u003cp\u003ePersistently Seek Ways to Increase Your Cash Flow 282\u003c\/p\u003e \u003cp\u003eKeep Trading Up 283\u003c\/p\u003e \u003cp\u003eInternet Appendix 285\u003c\/p\u003e \u003cp\u003eIndex 291\u003c\/p\u003e \u003cp\u003e\u003cb\u003eGARY W. ELDRED, P\u003csmall\u003eH\u003c\/small\u003eD,\u003c\/b\u003e has invested successfully in real estate for more than twenty-five years and has served on the graduate business school faculty at Stanford University and the University of Virginia. He cohosts a nationally broadcast radio show on investing and frequently makes presentations at seminars throughout North America. He is also the author of \u003ci\u003e106 Mortgage Secrets All Borrowers Must Learn—But Lenders Don’t Tell\u003c\/i\u003e and \u003ci\u003eTrump University Real Estate 101\u003c\/i\u003e, both from Wiley. \u003c\/p\u003e  \u003cp\u003e\u003cb\u003eREAL ESTATE \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e Start making money today—with the ultimate guide for first-time investors  \u003c\/p\u003e\u003cp\u003eNo matter what the market does, real estate still offers plenty of moneymaking opportunities. In this new edition of \u003ci\u003eThe Beginner’s Guide to Real Estate Investing\u003c\/i\u003e, Gary W. Eldred presents the tools and knowledge new investors need to get started profitably. Packed with smart moneymaking strategies and real-life stories from successful investors, this edition also covers the latest information on financing, foreclosures, cash flow, and much more. You’ll not only master the basics of investing, but also discover specialized techniques that the pros rely on to grow their long-term wealth. Concise yet comprehensive, this practical guide shows you how to:  \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eFind great deals on properties with big potential\u003c\/li\u003e \u003cli\u003eGet started with low– or no–down payment financing\u003c\/li\u003e \u003cli\u003eUtilize creative financing options and other people’s money\u003c\/li\u003e \u003cli\u003eBuy low-cost foreclosures and REOs\u003c\/li\u003e \u003cli\u003eMake value-adding improvements to any property\u003c\/li\u003e \u003cli\u003eCraft winning offers and negotiate like a pro\u003c\/li\u003e \u003cli\u003eManage rental properties hassle-free\u003c\/li\u003e \u003cli\u003eFlip investment properties for fast profit\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eIn addition, Eldred shows you how to tailor your investment strategy to make money almost anywhere, in any type of market. With proven techniques, timeless principles, and totally up-to-date information, \u003ci\u003eThe Beginner’s Guide to Real Estate Investing, Second Edition\u003c\/i\u003e is the perfect place to start building a prosperous future—today.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990165995749,"sku":"NP9780470183427","price":27.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470183427.jpg?v=1761786757","url":"https:\/\/k12savings.com\/products\/the-beginners-guide-to-real-estate-investing-isbn-9780470183427","provider":"K12savings","version":"1.0","type":"link"}