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 Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth :: 1419537253
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| Amass more than $900,000 in properties in one year, without using any of your own money, or that of your investors. Real estate investing can be an excellent way to build wealth. With its advantages of cash flow, appreciation, tax benefits, equity buildup and leveraging, real estate may be the only vehicle that can carry the average person to retirement wealth. Real estate investor, attorney, and author Larry Loftis has developed a safe, easy, and lucrative way for new investors to get into the game, and for experienced ones to enhance their portfolios. In Investing in Duplexes, Triplexes and Quads: The Fastest and Safest Way to Real Estate Wealth, he draws on both his real estate investing experience and legal acumen to explore advantages you may not have considered about residential multifamily properties of two to four units. Learn how to: •Buy duplexes, triplexes and quads with no money down, AND get cash back at closing. •Eliminate risk, and guarantee that your mortgage payments are always covered. •Use "cash-out" from refinancing to purchase more properties. •Decide whether to buy and hold or "pyramid" to a large apartment complex. •Use inflation, tax laws, and rehab to build a massive retirement nest-egg. Editorial Descriptions are usually submitted by the manufacturers, publishers and authors. Contact us if you are one of them, and wish to change the above description. |
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Author: Guest
loftis clarifies an often misperceived investing venture, that you can only invest in rentals alone. being in organizations or being part of an investor group allows you to run rentals hassle free w/ good returns. very good book. other recommended real estate book: Investing with out Losing By Sausa
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Author: Guest
Instead of delivering a few nuggets of information, this book delivers the gold mine. It's written so well that page after page, chapter after chapter, it delivers just the right information at just the right time. I couldn't put it down and read through it in just 3 evenings after work (I can't believe I'm saying that about a real estate investment book).
The author gets right to the point and gives you the facts about what works and what doesn't work for investing in real estate. He shows you how investing in multi-family properties (2 - 4 family dwellings) is the easiest, lowest cost, and least risky way to get started making your fortune. He takes you from knowing nothing to being fully armed and ready to go make your first purchase. Best of all, he shares many intimate details on his own purchases, deals he walked away from, and deals he wished he would have completed.
When you're done with the book you understand: 1) how to find properties, 2) how to determine the value of a property, 3) verification and due diligence, 4) the process of making offers, 5) how closing works and what to expect, 6) managing your property, 7) the ins and outs of the three key real estate growth strategies: Buy and Hold, Refinancing, and Pyramiding.
Now that I have read this book, I'm already out looking at multi-family properties and will soon be completing my first purchase. I'm just an average guy with not much in savings, but with what I have learned from this book I can see a clear path to making several million dollars in real estate in just a few years. All that for just the $12.97 I paid for this book on Amazon... it almost seems unfair.
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Author: Guest
I am an owner of a few rental properties which I kind of stumbled upon but which have provided me with some steady income. I was intrigued and decided to pick up Mr. Loftis' book.
My experience has been in lower class neighborhoods. While Mr. Loftis touches upon investing in areas such as those, he prefers to buy triplexes/fourplexes in "yuppie" areas. He clearly states that the monthly income from the lower class areas is usually higher, but that the appreciation in the higher end areas more than makes up for that.
Loftis' explanation is quite detailed. He explains how to use the GRM to help you find a suitable property. By fixing up your property in a high GRM neighborhood, you can build considerable equity.
He also explains how he chooses his renters and has some example leases that you can use. He debunks some of the "wisdom" spewed out by many of the real estate "gurus". He explains how to use a 1031 exchange to free up some capital for further investment and how you can use refinancing to do the same.
In short, there is everything here to get you started on your way to being a successful residential multifamily property investor. Give the book a try...
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Author: Guest
After owning 3 condos I decided it was time to move into multi-unit properties. I had some basic knowledge, but wanted to know what I didn't know and some tactics and strategies as I moved into this new realm. Mr. Loftis took a very structured look at the subject from beginning to end and refreshingly also gave credit to other authors and acknowledged there is more than one way to skin this particular cat. The one thing I would say is the appreciation numbers are likely a bit optimistic for most areas considering where the real estate market appears to be heading(8/2006), but if you can't modify them for your area you shouldn't get into the business. In short, an excellent book - both informative and well written.
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Author: Guest
I purchased this book last week and have not been able to put it down. It is full of great information and has been really helpful in teaching me how to go about investing in these types of properties. I would definately reccommend this book to beginners or advanced real estate investors who want to recharge thier batteries! A++
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