The Complete Guide to Investing in Rental PropertiesMcGraw Hill Professional, 2004 M05 21 - 288 pages 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:
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. |
From inside the book
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... paid in full. In the early years of repayment, most of the payment is applied to the interest, with very little being applied to the principal. Over time, however, the respective proportions begin to reverse gradually as the interest ...
... paid, including principal, interest, taxes, and insurance (PITI), an investor should have something left over. A net positive cash flow from the property is just one more way investors can benefit by owning rental properties. Economic.
... paid to ensure that you can meet the debt requirements adequately. Debt is a wonderful tool, but like any tool, you must exercise caution and respect when using it. Otherwise, you can quickly find yourself in trouble. You must be in ...
... paid divided by the amount of your original investment plus any out-of-pocket improvements or expenses that require an additional owner's contribution. So in a simplified example, if you paid all cash for a $100,000 house that required ...
... paid off, say, 25 or 30 years, and the house you are considering is already nearing the end of its economic life span, you may want to reconsider. Purchasing a rental house that you intend to hold for 30 years that is already 30 years ...
Contents
Section 2 How to Manage Rental Properties the Smart Way | 133 |
Section 3 How to Sell Rental Houses the Smart Way | 203 |
Afterword | 246 |
Glossary | 247 |
Index | 270 |