Real estate investing

Real estate investing

Eric Tyson

Book - 2025

"Real estate is always on the radar of investors looking for growth opportunities. Real Estate Investing For Dummies is your no-nonsense guide to adding real estate to your own portfolio. Considered one of the most desirable investment types, real estate is a great way to build wealth--if you know how to navigate the challenges. This book teaches you how to enhance your income by buying investment properties. It includes help with building a plan for raising capital, finding properties with promise, and becoming a successful property manager. With tips on increasing property value and creating a real estate portfolio that matches your goals, this guide is a must for any would-be real-estate investor."--Publisher's website.

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Subjects
Real estate investment > United States.
Mortgage loans > United States.
Real estate management > United States.
Instructional and educational works.
Genres
Instructional and educational works
Published
Hoboken, NJ : John Wiley & Sons, Inc [2025]
Language
English
Main Author
Eric Tyson (author)
Other Authors
Robert S. Griswold (author)
Edition
5th edition
Item Description
Includes index.
Physical Description
xviii, 434 pages : illustrations ; 24 cm
ISBN
9781394289707
  • Introduction
  • About This Book
  • Foolish Assumptions
  • Icons Used in This Book
  • Beyond This Book
  • Where to Go from Here
  • Part 1. Getting Started with Real Estate Investing
  • Chapter 1. Evaluating Real Estate as an Investment
  • Understanding Real Estate's Income- and Wealth-Producing Potential
  • Recognizing the Caveats of Real Estate Investing
  • Comparing Real Estate to Other Investments
  • Returns
  • Risk
  • Liquidity
  • Capital requirements
  • Diversification value
  • Opportunities to add value
  • Being aware of the tax advantages
  • Determining Whether You Should Invest in Real Estate
  • Do you have sufficient time?
  • Can you deal with problems?
  • Does real estate interest you?
  • Can you handle market downturns?
  • Fitting Real Estate into Your Plans
  • Ensuring your best personal financial health
  • Protecting yourself with insurance
  • Considering retirement account funding
  • Thinking about asset allocation
  • Chapter 2. Covering Common Real Estate Investments
  • Seeing the Various Ways to Invest in Residential Income Property
  • Buying a place of your own
  • Converting your home to a rental
  • Investing and living in well-situated fixer-uppers
  • Purchasing a vacation home
  • Paying for timeshares and condo hotels
  • Surveying the Types of Residential Properties You Can Buy
  • Single-family homes
  • Attached housing
  • Apartments
  • Considering Commercial Real Estate
  • Buying Undeveloped or Raw Land
  • Chapter 3. Considering Foreclosures, REOs, Probate Sales, and More
  • Finding Foreclosures and REOs
  • Taking a closer look at foreclosures
  • Examining lender REOs (real estate-owned)
  • Getting a Jump on Foreclosure and REO Competition with Short Sales
  • Recognizing seller benefits
  • Comparing short sales to other properties
  • Finding short-sale opportunities
  • Convincing a lender to do a short sale
  • Contemplating Lease Options
  • Probing Probate Sales and Auctions
  • Examining probate sales
  • Trying real estate auctions
  • Chapter 4. Taking the Passive Approach
  • Using Real Estate Investment Trusts
  • Distinguishing between public and private REITs
  • Taking a look at performance
  • Investing in REIT funds
  • Understanding Tenants in Common
  • Paying for 1031 availability and "hassle free" management
  • Asking whether TICs are right for you
  • Comprehending Triple Net Properties
  • Thinking ahead about landlord/tenant division of duties
  • Minimizing the risks of triple net investments
  • Eyeing Notes and Trust Deeds
  • Looking at Tax Lien Certificate Sales
  • Considering Limited Partnerships
  • Chapter 5. Fast Money: Small Down Payments and Property Flips
  • Purchasing with No Money Down
  • Being aware of too-good-to-be-true results
  • Understanding why we recommend skipping these Investments
  • Finding no-money-down opportunities (if you insist)
  • Buying, Fixing, and Flipping or Refinancing
  • The buy-and-flip strategy
  • The buy, fix, and refinance strategy
  • Chapter 6. Building Your Team
  • Knowing When to Establish Your Team
  • Adding a Tax Advisor
  • Finding a Financial Advisor
  • Lining Up a Lender or Mortgage Broker
  • Understanding lending nuances
  • Building relationships with lenders
  • Working with Real Estate Brokers and Agents
  • Seeing the value of working with an agent
  • Grasping the implications of agency: Who the agent is working for
  • Getting a feel for compensation
  • Practicing caution when acting as your own agent
  • Finding a good broker or agent
  • Making the most of your agent
  • Considering an Appraiser
  • Finding an Attorney
  • Part 2. How to Get the Mofmey; Raising Capital and Financing
  • Chapter 7. Identifying Sources of Capital
  • Calculating the Costs of Admission
  • Forgetting the myth of no money down
  • Determining what you need to get started
  • Rounding Up the Required Cash by Saving
  • Overcoming Down Payment Limitations
  • Changing your approach
  • Tapping into other common cash sources
  • Capitalizing on advanced funding strategies
  • Chapter 8. Financing Your Property Purchases
  • Taking a Look at Mortgage Options
  • Fixed-rate mortgages
  • Adjustable-rate mortgages (ARMs)
  • Reviewing Other Common Fees
  • Making Some Mortgage Decisions
  • Choosing between fixed and adjustable
  • Your ability and desire to accept financial risk
  • Selecting short-term or long-term
  • Borrowing Against Home Equity
  • Getting a Seller-Financed Loan
  • Mortgages That Should Make You Think Twice
  • Balloon loans
  • Loans with no prepayment
  • Interest-only loans
  • Recourse financing
  • Loan guarantees
  • Chapter 9. Securing the Best Mortgage Terms
  • Shopping for Mortgages
  • Relying on referrals
  • Mulling over mortgage brokers
  • Web surfing for mortgages
  • Solving Potential Loan Predicaments
  • Polishing your credit report
  • Conquering insufficient income
  • Dealing with low property appraisals
  • Part 3. Finding and Evaluating Properties
  • Chapter 10. Location, Location, Value
  • Deciding Where to Invest
  • Finding Properties to Add Value
  • Evaluating a Region: The Big Picture
  • Population growth
  • Job growth and income levels
  • Investigating Your Local Market
  • Checking on supply and demand
  • Focusing on the path of progress
  • Considering barriers to entry
  • Viewing the government's effect on real estate
  • Evaluating Neighborhoods
  • Schools
  • Crime rates
  • Pride of ownershi
  • Role play: What attracts you to the property?
  • Mastering Seller's and Buyer's Markets
  • Understanding real estate cycles
  • Timing the real estate market
  • Chapter 11. Understanding Leases and Property Valuation
  • The Need to Evaluate a Lease
  • Reviewing a Lease: What to Look For
  • Comprehending a residential lease
  • Making sense of a commercial lease
  • Evaluating Real Estate's Profit-Making Potential
  • Determining highest and best use
  • Comparing fair market value and investment value
  • Reviewing the Sources of Property-Valuing Information
  • Establishing Value Benchmarks
  • Gross rent/income multiplier
  • Price per unit and square foot
  • Replacement cost
  • Chapter 12. Valuing Property through Number Crunching
  • Understanding the Importance of Return on Investment
  • Figuring Net Operating Income
  • Evaluating income
  • Adding in additional income streams
  • Tallying operating expenses
  • Utilities
  • Calculating Cash Flow
  • Servicing debt
  • Making capital improvements
  • Surveying Lease Options
  • Comparing some of the options
  • Accounting for commercial buildings' common area maintenance charges
  • Grasping the Three Basic Approaches to Value
  • Market data (sales comparison) approach
  • Cost approach
  • Income capitalization approach
  • Reconciling the Three Results to Arrive at a Single Value
  • Putting It All Together: Deciding How Much to Pay
  • Examining the sellers rental rate and expense claims
  • Deciding which set of numbers to use
  • Chapter 13. Preparing and Making an Offer
  • Negotiating 101
  • Starting with the right approach
  • Building a solid foundation of knowledge
  • Becoming intimately familiar with the local economy
  • Figuring out the seller's motivations
  • Bringing property-related data to the table
  • Assembling attractive and realistic offers
  • Preparing to Make Your Offer: Understanding Contract Basics
  • Bilateral versus unilateral contracts
  • Elements of a contract
  • Addressing Key Provisions in the Purchase Agreement
  • Showing intention with an earnest money deposit
  • Assigning your rights
  • Leaving the buy-and-flip door open
  • Installing an emergency exit
  • Setting the closing date
  • Using contingencies effectively
  • Ironing out straggling issues
  • Presenting the Purchase Agreement
  • Chapter 14. Due Diligence, Property inspections, and Closing
  • Opening Escrow
  • Following escrow instructions
  • Reviewing the preliminary title report
  • Removing contingencies
  • Estimating the closing date
  • Conducting Formal Due Diligence
  • Reviewing the books and records
  • Inspecting the property
  • Negotiating Credits in Escrow
  • Determining How to Hold Title
  • Sole proprietorshi
  • Joint tenancy
  • Tenancy in common
  • Partnerships
  • Limited liability company
  • Corporations
  • Closing the Transaction
  • Estimated closing statement
  • Title insurance
  • Property insurance
  • Final closing statement
  • Deed recording and property takeover
  • Part 4. Operating the Property
  • Chapter 15. Landiording 101
  • Hiring Management Help: Yes or No?
  • Evaluating your situation and the possibility of self-management
  • Assessing your skills and interests
  • Finding and Hiring Pros
  • Doing the research
  • Talking money
  • Testing for Environmental Issues
  • Deciding on Rental Policies
  • Determining lease length
  • Setting the rent
  • Deciding on security deposits
  • Creating policies and guidelines
  • Working with Existing Tenants upon Property Acquisition
  • Meeting tenants and inspecting the property
  • Entering into a new rental agreement
  • Increasing rents
  • Finding Stable, Trustworthy Tenants
  • Establishing tenant selection criteria
  • Advertising for tenants
  • Showing your rental
  • Accepting applications and deposits
  • Verifying rental applications
  • Dealing with rental cosigners
  • Notifying applicants of your decision
  • Reviewing and signing documents
  • Collecting the money
  • Inspecting the property with your tenant
  • Renovating and Upgrading to Add Value
  • Enhancing external appearances
  • Improving what's inside
  • Using contractors
  • Chapter 16. Protecting Your Investment
  • Developing a Risk Management Plan
  • Getting the Insurance You Need
  • Understanding insurance options
  • Determining the right deductible
  • Selecting potential insurers
  • Talking with tenants about renter's insurance
  • Dealing with claims
  • Chapter 17. Recordkeeping and Accounting
  • Organizing Your Records
  • Keeping records up-to-date and accurate
  • Filing made easy
  • Knowing What to Account For
  • Documenting income and expenses
  • Creating a budget and managing your cash flow
  • Doing Your Accounting Manually
  • Using Software
  • Recognizing the value of professional accounting software
  • Identifying some of the better programs
  • Chapter 18. Looking at Tax Considerations and Exit Strategies
  • Understanding the Tax Angles
  • Sheltering income with depreciation
  • Minimizing income taxes
  • Considering Exit Strategies
  • Selling outright
  • Calculating gain or loss on a sale
  • Selling now, reaping profits later: Installment sale
  • Transferring equity to defer taxes
  • Using the capital gains exclusion to earn a tax-free gain
  • Selling as a lease-to-own purchase
  • Gaining tax savings by investing in "opportunity zones"
  • Transferring your property through a gift or bequest
  • Taking in a Final Note on Taxes and Your Profits
  • Part 5. The Part of Tens
  • Chapter 19. Ten (Plus One) Ways to Increase a Property's Value
  • Raise Rents
  • Reduce Turnover
  • Consider Lease Options
  • Develop a Market Niche
  • Maintain and Renovate
  • Cut Back Operating Expenses
  • Scrutinize Property Tax Assessments
  • Refinance and Build Equity More Quickly
  • Take Advantage of Tax Benefits
  • Be Prepared to Move On
  • Improve Management
  • Chapter 20. Ten Steps to Real Estate Investing Success
  • Build Up Savings and Clean Up Credit
  • Buy Property in the Path of Progress
  • Buy the Right Property at the Best Price Possible
  • Renovate Property the Right Way
  • Keep Abreast of Market Rents
  • Recover Renovation Dollars through Refinancing
  • Reposition Property with Better Tenants
  • Become or Hire a Superior Property Manager
  • Refinance or Sell and Defer Again
  • Consolidate Holdings into Larger Properties
  • Index

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