Feel Free Read Dollars and Sense: How to Negotiate and Finance Profitable Real Estate Investments (Cash Flow Depot Books) PDF
Do You Know Anyone Who Wouldn't Like to Have More Money?Rich and poor alike, it seems that nobody can get enough, regardless how much they already have. Rich and poor alike place a high priority on financial ease and security. Many of them seem willing to go to great lengths to achieve it. Some of the rich will risk all that they have in many instances just to nudge their portfolio yield a percentage point or two higher. Or they hold their wealth at fixed rate returns seemingly without regard to their losses that go on all the time wrought by taxes and inflation. Alas, many of today's rich are going to end their days as poor people because of their ignorance of this.The poor stay poor for the most part because they don't understand that in the long history of the world, labor has rarely been the key to wealth. Neither has luck. The secret of acquiring and preserving financial security lies in effective use of capital and time in creating assets.These assets must be carefully selected and managed so that they can increase rapidly enough to offset the ravages of inflation and taxes without losing it to poor judgment and risky ventures. Meanwhile, they should be capable of producing an after tax income stream sufficient to support their owner's lifestyle needs.The purpose of this book is to explain some of the ways that those of you who are rich can stay rich and how those who haven't been blessed with wealth yet can set about on the yellow brick road to seek your fortunes. Hopefully, we can save both rich and poor alike some time and expense by revealing some of the ways money can be made and loss avoided in the processes of buying, selling, fixing up and managing my favorite investment vehicle, a portfolio of single family rental houses.Table of ContentsForewordBuying Right In Good Times & BadUsing Seller Non-Recourse Financing is BestWhat's the Best Investment for a BeginnerDon't Look for Properties, Prospect for SellersPatience Is The Name of the Game of Successful InvestmentThe Key to Fortune Building Lies in Avoiding CompetitionCold Canvassing is My Favorite Method of ProspectingHow Do You Buy The Right Property At The Right PriceHow Can You Tell What a House is Really Worth?Let Comparable MLS Sale Statistics Negotiate For YouPerformance Mortgage TermsInstitutional Debt Robs the Borrower of Real ProfitBuy/Sell Installment Contracts Offer An AlternativesMaking Compound Interest Work for YouThe Time Value of Money Can Create FortunesMaking More Money In Our Changing WorldInflation Can Radically Alter Investment DecisionsDeflation Requires the Opposite StrategiesTenant Management Key to Profit and Cash FlowGetting the Best Tenants to Compete for HousingLet's Talk DepositsScreen Out the Losers Before They Ever Get InPre-Raising Rents When the Lease is SignedPassing On Repair Costs to TenantsIncreasing Bottom Line Profits with OptionsFixer-Uppers; The Good, Bad, and UglyPrice and Timing vs Payments and Terms on Fixer UppersLearning to Sell Property is Critical to Cash FlowClosing the Sale and Keeping it ClosedCreating Income and Profits with Mortgage NotesThere's A Fail Safe Way to Buy/Sell NotesAnd in Conclusion, the Turtle Always Wins The Race
