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Real Estate Investing For Dummies Eric Tyson

Real Estate Investing For Dummies By Eric Tyson

Real Estate Investing For Dummies by Eric Tyson


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Summary

Gives you the keys to successful real estate investment, whether it's in single family homes and condos, apartments, vacation homes, commercial properties (office, industrial, and retail), raw land, or REITs (Real Estate Investment Trusts). This book shows how to find and buy the best properties at a fair price.

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Real Estate Investing For Dummies Summary

Real Estate Investing For Dummies by Eric Tyson

'This is simply the best book on the topic' - Randall Bell, Author, Home Owner's Manual. 'Tyson and Griswold have truly opened the world of real estate investing to all by tackling often complex issues in this easy to understand and use book. I can't think of a better way to get smart about building wealth through rental properties than to read their excellent Real Estate Investing For Dummies!' - Vern Hoven, CPA.Non-prime time TV is cluttered with infomercials about how you can buy non-prime real estate for next to nothing and get rich quick. Common sense should tell you that's an exaggeration. (If common sense doesn't tell you, bankers will.) Nevertheless, it is possible to get rich gradually by investing in real estate. Long term, you can expect to realize an annual return of 8 to 10 per cent a year. Real Estate Investing for Dummies gives you the keys to successful real estate investment, whether it's in single family homes and condos, apartments, vacation homes, commercial properties (office, industrial, and retail), raw land, or REITs (Real Estate Investment Trusts).With guidance from authors Eric Tyson, MBA, a financial counselor, and Robert S. Griswold, a veteran real estate investor, you'll discover how to: find and buy the best properties at a fair price; capitalize on opportunities such as foreclosures, no money down deals, auctions, tax sales, and more; secure financing and good mortgage terms; value, evaluate, and negotiate everything to do with real estate; work with agents and other professionals; project income potential and cash flow; and, handle contracts, inspections, and closings.Whether you're interested in a fixer supper for rental, premier office space you can lease, or a vacation home you can enjoy and rent, when you become a buyer, you also become a landlord. That means you can hear from tenants any time, night or day. It means you may not hear from them when the rent is due. Real Estate Investing for Dummies also helps you: find and keep good tenants; negotiate lease agreements; insure and maintain your property; and, keep good records for tax and accounting purposes. Remember, with any deal, you have to know when to hold them and know when to fold them. So Real Estate Investing for Dummies gives you guidelines on when and how to sell and how to reinvest to build wealth. It also lists 10 real estate investments you shouldn't touch with a 10-foot pole. Especially if you're tempted by those late-night infomercials, that warning could save you a fortune!

About Eric Tyson

Eric Tyson, MBA, is a best-selling author and syndicated columnist. Through his counseling, writing, and teaching, he equips people to manage their personal finances better and successfully direct their investments. Eric is a former management consultant to Fortune 500 financial service firms and has successfully invested in real estate for more than two decades. Eric earned his Bachelor's degree in economics at Yale and an MBA at the Stanford Graduate School of Business. Despite these handicaps to clear thinking, he had the good sense to start his own company, which took an innovative approach to teaching people of all economic means about investing and money. An accomplished freelance personal finance writer, Eric is the author of the national bestsellers Personal Finance For Dummies and Investing For Dummies, co-author of Home Buying For Dummies and Taxes For Dummies, and was an award-winning columnist for the San Francisco Examiner. His work has been featured and quoted in dozens of national and local publications, including Newsweek, The Wall Street Journal, Forbes, Kiplinger's Personal Finance Magazine, the Los Angeles Times, and Bottom Line/Personal; and on NBC's Today Show, ABC, CNBC, PBS's Nightly Business Report, CNN, CBS national radio, Bloomberg Business Radio, and Business Radio Network. He's also been a featured speaker at a White House conference on retirement planning. Despite his wealth of financial knowledge, Eric is one of the rest of us. He maintains a large inventory of bumblebee colored computer books on his desk for those frequent times when his computer makes the (decreasing amount of) hair on his head fall out. Robert S. Griswold, MSBA, is a successful real estate investor and hands-on property manager with a large portfolio of residential and commercial rental properties who uses print and broadcast journalism to bring his many years of experience to his readers, listeners, and viewers. He is the author of Property Management For Dummies and the host of a live weekly radio talk show, Real Estate Today!, now in its 14th year (www.retodayradio.com). Robert is also the real estate expert for NBC San Diego with a regular on-air live caller segment since 1995. He's also the lead columnist for the syndicated Rental Roundtable and Rental Forum columns published in dozens of major newspapers throughout the country and has been recognized twice as the #1 real estate broadcast journalist in the nation by the National Association of Real Estate Editors. Robert's educational background includes having earned BS and two master's degrees in real estate, business economics, and finance from the University of Southern California. His real estate investing and managing professional designations include the CRE (counselor of real estate), the CPM (certified property manager), the CCIM (certified commercial investment member), and the GRI (graduate, Realtor Institute). Mr. Griswold has been retained on hundreds of legal matters as an expert in the standard of care and custom and practice for all aspects of real estate ownership and management in both state and federal cases throughout the country. Robert is the president of Griswold Real Estate Management, managing residential, commercial, retail, and industrial properties throughout southern California and Nevada. On a personal level, Robert enjoys travel (particularly cruises), sports, and family activities. He truly enjoys real estate and tries to keep life in perspective through humor!

Table of Contents

Introduction. Part I: Understanding Real Estate as an Investment. Chapter 1: Stacking Real Estate Up Against Other Investments. Chapter 2: Covering the Landscape of Common Real Estate Investments. Chapter 3: Even More Real Estate Investments. Chapter 4: Building Your Team. Part II: How to Get the Money: Raising Capital and Financing. Chapter 5: Sources of Capital. Chapter 6: Financing Your Property Purchases. Chapter 7: Shopping for and Securing the Best Mortgage Terms. Part III: Finding and Evaluating Properties. Chapter 8: Location, Location, Value. Chapter 9: Examining Leases and Understanding Value. Chapter 10: Crunching the Numbers: How Much Should I Pay? Chapter 11: Preparing to Make an Offer. Chapter 12: Due Diligence, Property Inspections, and Closing. Part IV: Operating the Property. Chapter 13: Landlording 101. Chapter 14: Protecting Your Investment: Insurance and Risk Management. Chapter 15: Recordkeeping and Accounting. Chapter 16: Tax Considerations and Exit Strategies. Part V: The Part of Tens. Chapter 17: More than Ten Ways to Increase a Property's Return. Chapter 18: Ten Steps to a Real Estate Fortune (Or a Great Second Income). Appendix: Sample Purchase Agreement. Index.

Additional information

CIN0764525654VG
9780764525650
0764525654
Real Estate Investing For Dummies by Eric Tyson
Used - Very Good
Paperback
John Wiley & Sons Inc
20041201
384
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

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