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Complete Guide To Investing In Rental Properties : Real Estate - Steve Berges

Complete Guide To Investing In Rental Properties

Real Estate

Paperback Published: 7th May 2004
ISBN: 9780071436823
Number Of Pages: 288

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Maximize profits in the single-family and multi-unit rental market

You probably know that small rental properties are among the safest, most affordable, and most profitable investments around. With the a little help, however, you can minimize both your investment and your costs and send your profits straight through the roof!

In this comprehensive handbook, real estate investing expert Steve Berges reveals the secrets that have made him one of the most successful entrepreneurs in the field.He shows you all of the indispensable tricks of the trade, explains why they are so important, and connects them to other essential steps for super-profitable investing. Arming you with his Five Golden Rules for Success, Steve Berges also shows you how to:

  • Select a house and negotiate the best price and terms
  • Perform a comprehensive financial analysis to maximize value
  • Secure financing and prepare for your closing
  • Find qualified tenants and draft favorable lease agreements
  • Reduce operating costs, increase rents, and improve profitability
  • Avoid the little-known pitfalls of real estate investing

With Steve Berges' expert guidance and no-nonsense advice, you can maximize your investment, minimize your time and effort, and make the most of every foray into the real estate market.

How to Buy Rental Properties the Smart Way
Real Estate for the Smart Investorp. 3
Historical Performancep. 4
Four Ways to Benefit from Owning Real Estatep. 5
Economic Housing Outlook for the Coming Decadep. 7
The Lever and the Fulcrump. 10
The Magic of Compound Interestp. 18
How to Build a $10 Million Retirement Portfoliop. 21
Selecting Great Rental Houses for the Smart Investorp. 26
How to Choose the Right Locationp. 27
How to Choose the Right Type of Housep. 28
Physical Condition: Inspecting Is Keyp. 30
How to Determine the Best Price Range for Your Areap. 35
Eight Ways to Locate Rental Houses for the Smart Investorp. 37
Classified Advertisementsp. 38
Real Estate Magazinesp. 39
Internet Searchesp. 40
Billboards and Signsp. 41
Real Estate Agentsp. 42
Scoutsp. 45
Professional Affiliationsp. 47
FSBOsp. 48
Financial Analysis of Rental Propertiesp. 52
Traditional Valuation Methodsp. 54
How Much Rent to Charge Your Tenantsp. 60
How to Analyze Your Rental House Investmentp. 63
Comparable Sales Analysisp. 67
Cash-Flow Analysisp. 70
Financing Your Rental Propertyp. 80
Financing Terms and Conditionsp. 80
Additional Financing Considerationsp. 91
Loan Documentation Checklistp. 98
Six Smart Ways to Finance Your Rental Propertyp. 101
Real Estate Sales Forms and Closing Documentsp. 113
Real Estate Sales Formsp. 113
Residential Sales Contractp. 114
Property Condition Disclosurep. 124
Third-Party Financing Addendump. 125
Loan-Assumption Addendump. 125
Seller-Financing Addendump. 126
Notice of Terminationp. 127
Closing Documentsp. 127
Title Reportp. 128
Settlement Statementp. 129
Deedp. 130
Promissory Notep. 131
How to Manage Rental Properties the Smart Way
How to Find, Qualify, and Keep Good Tenantsp. 135
How to Find Good Tenantsp. 137
Signagep. 138
Classified Adsp. 140
Referralsp. 142
Locator Servicep. 144
How to Qualify Good Tenantsp. 146
How to Keep Good Tenantsp. 149
The Golden Rulep. 150
Visibility Adds Valuep. 151
Concentric Circlesp. 153
Lease Agreements for the Smart Investorp. 158
Residential Lease Agreementp. 160
Eight Smart Ways to Increase Rents by Making These Improvementsp. 171
Good First Impressionsp. 172
Landscaper's Delightp. 174
Fancy Fencingp. 175
Room to Stowp. 176
Room with a Viewp. 177
Flattering Floorsp. 178
Lighting the Wayp. 180
Clean Kitchensp. 180
How to Decrease Expenses the Smart Wayp. 183
Pass the Buckp. 184
Hire the Handymanp. 185
Utilize Utilitiesp. 186
A Taxing Matterp. 187
Dialing for Dollarsp. 188
Management 101p. 190
How to Manage Tenants the Smart Wayp. 193
Your Role as a Managerp. 193
How to Collect Rents when They Are Duep. 195
When and How to Raise Rentsp. 198
How Much to Raise Rentsp. 200
How to Sell Rental Houses the Smart Way
Five Smart Ways to Enhance Your Rental House's Marketabilityp. 205
Begin with the End in Mindp. 206
Maximize Your Exposurep. 207
Sell What the Buyer Wantsp. 211
Price Your House to Sellp. 214
Sweeten the Potp. 215
Six Smart Ways to Negotiate for the Best Price and Termsp. 217
Psychology 101p. 218
Market Knowledge Is Keyp. 221
The Trial Balloonp. 222
The Blame Gamep. 224
Put It in Writingp. 227
The Chess Playerp. 229
Five Golden Rules for Successp. 233
The Five Laws of Goldp. 235
The First Law of Goldp. 237
The Second Law of Goldp. 241
The Third Law of Goldp. 242
The Fourth Law of Goldp. 243
The Fifth Law of Goldp. 243
Afterwordp. 246
Glossaryp. 247
Indexp. 270
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780071436823
ISBN-10: 0071436820
Series: Real Estate
Audience: General
Format: Paperback
Language: English
Number Of Pages: 288
Published: 7th May 2004
Publisher: McGraw-Hill Education - Europe
Country of Publication: US
Dimensions (cm): 22.9 x 15.4  x 2.0
Weight (kg): 0.39
Edition Number: 1

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