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Recommended Reading
Whether you are a buyer or a seller, experienced or a first-timer, the more information you have the better you will be able to thread your way through the mysterious maze that buying or selling real estate can seem.
Depending on your situation, one or more of these books can help you. For more information or to purchase online, just click on the picture.
A friendly guide to property management, for those with no experience whatsoever. Shows how to deal with tenants, avoid legal problems, advertise the property, screen tenants, collect rent and ask for rent increases, deal with record keeping, taxes, and insurance, and other practical matters. Softcover
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How to make a profit in real estate--a do-it-yourself guide. This helpful book shows you what to look for in a real estate investment, how to buy it, how to manage it, and how to sell it. The clear writing and the broad range of topics covered will make this guide indispensable to first-time home buyers and real-estate professionals alike. Includes sample forms.
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Text provides strategies for beginning and veteran real estate investors in developing a high-profit, low-overhead business. Updated and expanded to include discussions on inspecting and dealing with contamination, how tax issues affect investments in real estate rehabs, and maximizing profits.
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Fraser Smith entered the high octane realm of financial planning following a marketing career with Xerox of Canada. Smith was intrigued by the fact that Americans could deduct the interest expense of their house mortgages from their taxable income while Canadians could not. In 1984, having developed a unique financing strategy that effectively converted mortgage interest for Canadians into tax deductions, he presented his proprietary financing strategy to Larry Bell, president and CEO of Vancity Savings Credit Union. Within weeks, The Smith Manoeuvre was introduced on an experimental basis. Subsequently, hundreds of B.C. taxpayers are enjoying perpetual tax deductions by dint of the wonderful tax and investment effects provided by this elegant mortgage strategy. With the writing of this book, Smith is finally unveiling his proprietary secrets for the benefit of any Canadian.
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Bronchick and Dahlstrom, real-estate professionals, teach readers how to recognize and analyze the risks inherent in investing in bargain properties, as well as the profit potential that exists in renovating and reselling such properties for cash. Known as "flipping," this strategy includes finding, buying, renovating, and rapidly reselling a property to reap a healthy profit. The first two chapters address the major elements of flipping and present the mechanics of real-estate transactions, and chapters 3 through 5 consider identifying and purchasing bargain real estate. In the remainder of the book, the authors review such issues as renovation, financing, sales strategies, and legal and tax issues. In the appendix, they offer advertising tips, sample forms, and state-by-state foreclosure guides. Although this book is a helpful roadmap and possibly intended as a textbook for Bronchick's real-estate workshops, someone considering such business activities would be well advised to research several sources to thoroughly understand the risks and responsibilities
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Are You Dumb Enough To Be Rich is a clear, concise, funny, easy to follow road map to get a beginning real estate investor up and running.
Mr. Barnett takes the fear and uncertainty of the business away by giving the reader a great "pitfalls" and "summary" section at the end of each chapter. Without overwhelming the reader, Are You Dumb Enough To Be Rich gives you true "soup to nuts" techniques on how to get into real estate investing without trying to sell you another seminar or a sequel to the book. If after reading some of the other "How To" books you are still looking for a resource to get you going, read this book, It will put money in your pocket!
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A complete guide to taking the leap from single family homes to apartment buildings of all sizes
While there is no shortage of guides to investing in small single family houses, there are virtually none devoted to larger properties. This book fills that gap in information. The Complete Guide to Buying and Selling Apartment Buildings was written for real estate investors who would like to take the leap from single family dwellings to apartment buildings. Steve Berges helps readers ease into the transition by describing, in detail, the process of gradually growing from smaller-sized buildings, such as fourplexes, to midsized buildings, all the way up to one-hundred-unit apartment houses. Using many real-world examples, Berges tells readers everything they need to know to identify opportunities, assess property values, seek out and obtain financing, negotiate purchases, and close deals. He also discusses specific exit strategies that every investor should consider before entering into a purchase agreement.
Steve Berges (Lake Orion, MI) is a commercial mortgage broker, specializing in buyers and sellers seeking financing for apartment complexes.
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