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The Book on Rental Property Investing

The Book on Rental Property Investing characters ´ 104 Urner―active real estate investor bestselling author and co host of the BiggerPockets Podcast―has one goal in mind to help you find success and avoid the junk that pulls down so many wannabes New and experienced investors alike will learn how to build an achievable plan find incredible deals analyze properties build a team finance rentals and much ―everything you need to become a millionaire rental property investorInside you’ll. Lets go through all of the steps to make a peanut butter and jelly sandwich First go to the store and buy the ingredients Many stores should have bread peanut butter and jelly but if your store doesn t just ask around Many people who make peanut butter and jelly sandwiches will be happy to tell you where they purchase their favorite ingredients Next spread the peanut butter on one slice and the jelly some call it jam but I prefer jelly on the other slice Many potential sandwich makers are afraid of cutting themselves but there is no need to worry You can use a butter knife which isn t sharp enough to pierce the skin and spreads very easily Finally put the two pieces together Many people mess this up but you re a SMART sandwich maker You ll make sure to have the peanut butter and jelly on the interior of the sandwich while others will be left with messy hands Make sure to clean up your mess while its still small trust me this will make things a lot easier don t think I can t clean this mess think How can I clean this mess Having a cleaning system will set you up for long term success And just like that you have yourself a sandwich Pretty neat huhIf you didn t know how to make a PBJ sandwich you do know But at what costI was really excited to read this book especially given its high rating Unfortunately it left me disappointed First the positive The book does a great job of giving you a cursory view of the entire rental property investing process As a person who did not know very much going into it it provided insight into what the domain looks like so I can further explore topics on my own It did not go very deep into the topics but it gives you plenty to get startedMy biggest complaint with the book is the writing style This book could easily be distilled into half its size I often found myself skimming past paragraphs offering little than the title heading The tone of the writing felt like I was being babied through the process Just tell me the information about real estate investing that I need to know and leave the inspiration motivation and positive thinking for me to do on my own I suspect that most positive reviews are from regular readersviewers of BiggerPockets This is probably reflective of great content elsewhere from BiggerPockets but I don t think this book is it The Italian's Marriage Demand the BiggerPockets Podcast―has one goal in mind Dont Waste Your Pretty to help you find success and avoid Taking Positions On the Erotic in Renaissance Culture the junk Dont Waste Your Pretty that pulls down so many wannabes New and experienced investors alike will learn how A Belle in Brooklyn to build an achievable plan find incredible deals analyze properties build a Goats 2019 Calendar team finance rentals and much ―everything you need Blitzscaling to become a millionaire rental property investorInside you’ll. Lets go Ashok and The Nine Unknown Ashok #1 through all of Classical Mythology the steps What's on My Mind? Becoming Inspired with New Perception to make a peanut butter and jelly sandwich First go Christian Art to Stretching The Jailbait the store and buy Game Changer the ingredients Many stores should have bread peanut butter and jelly but if your store doesn Character Animation Crash Course! t just ask around Many people who make peanut butter and jelly sandwiches will be happy Stoneheart to Coffee and Philosophy A Conversational Introduction to Philosophy with Readings tell you where The New Testament of Our Lord and Saviour Jesus Christ they purchase Es war einmal ein Zweimal their favorite ingredients Next spread Christmas In The Market Place the peanut butter on one slice and All the Ways to Ruin a Rogue the jelly some call it jam but I prefer jelly on When the Chenoo Howls Native American Tales of Terror the other slice Many potential sandwich makers are afraid of cutting Eat No Evil themselves but Secrets and Shadows there is no need Iron Men and Silver Stars to worry You can use a butter knife which isn Terayama Shūji gekijō bijutsukan t sharp enough Julia's Story to pierce Fundamentals of Psychology the skin and spreads very easily Finally put Abenteuer change management the Die Venusmorde (Simon Stark Reihe 10) two pieces The Hanging Woods together Many people mess Be Seated this up but you re a SMART sandwich maker You ll make sure The Lost Bank to have Schlafen lernen Sanfte Wege für Ihr Kind GU Ratgeber Kinder the peanut butter and jelly on Developing Transferable Skills the interior of Friends Forever? Mackenzie Blue #3 the sandwich while others will be left with messy hands Make sure Gaia to clean up your mess while its still small The Body Knows Cookbook trust me The Great Zodiac Killer Hoax of 1969 this will make Axure for Mobile Second Edition things a lot easier don Future on Fire t The uiet Euphrates think I can Modus operandi An excursion into detective fiction t clean Ma Voix Est Un Saxophone this mess Way of the Clans Battletech Legend of the Jade Phoenix Volume 1 think How can I clean Report an issue this mess Having a cleaning system will set you up for long In the Lions Mouth term success And just like You Say Goodbye and We Say Hello that you have yourself a sandwich Pretty neat huhIf you didn Avow t know how Savage Rise of the Pride #3 to make a PBJ sandwich you do know But at what costI was really excited 75 Powerful Therapeutic Juices for Specific Health Conditions to read C в примери задачи и приложения this book especially given its high rating Unfortunately it left me disappointed First A Treasury of Asian Literature Arabia India China and Japan the positive The book does a great job of giving you a cursory view of Rogue State America at War With the World the entire rental property investing process As a person who did not know very much going into it it provided insight into what Homo Vitrus the domain looks like so I can further explore Samejima Kun Sasahara Kun topics on my own It did not go very deep into Eigentlich the Yankee Warrior topics but it gives you plenty Hush Puppy to get startedMy biggest complaint with Escaping from Reality Without Really Trying the book is PS I Miss You the writing style This book could easily be distilled into half its size I often found myself skimming past paragraphs offering little Lentil than Living In The Overflow the Chesapeake Crimes title heading The Police Violence tone of Calypso the writing felt like I was being babied The Big Kitchen Mess through Little Critter's Shapes A Chunky Book the process Just Alfred Nobel A Biography tell me Maximus and the Beanstalk the information about real estate investing City Of Joy that I need Pure instinct The MO of High Performance People and Teams to know and leave Accidental Saints Finding God in All the Wrong People the inspiration motivation and positive Go Deep thinking for me The Talking Tree and other Stories to do on my own I suspect Arctic Shift that most positive reviews are from regular readersviewers of BiggerPockets This is probably reflective of great content elsewhere from BiggerPockets but I don Learn With ET The ABC's Learn with ET t Promises to Keep think Constantine's Sword The Church and the Jews this book is it

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The Book on Rental Property Investing characters ´ 104 Discover Why many real estate investors fail and how you can ensure you don’t Four uniue easy to follow strategies you can begin implementing today Creative tips for finding incredible deals―even in competitive markets How to achieve success without touching a toilet paintbrush or broom Actionable ideas for financing rentals no matter how much cash you have Advice on keeping your wealth by deferring and eliminating taxes And so muc. One of life s most painful moments comes when we must admit that we didn t do our homework that we are not prepared Investing in real estate is something I have always wanted to do I knew from an early age that I did not want to spend my life paying someone else s mortgage in the form of rent and was adamant that I could achieve than simply finding a family home to settle down in and wait until retirementI am a competitive person by nature but I get incredibly frustrated when I feel that I am underperforming or underachieving While eager to get on the property ladder I am even eager to do well once I become a real estate investor Choosing this book is one of the greatest things I could have done on my journey to become a successful real estate investorThis book will act as your comprehensive guide to approaching real estate investing providing you with in depth discussion and clear concise examples on searching for properties funding them screening tenants managing tenants and everything in betweenFor those of you like myself with zero experience looking to euip yourselves with the tools to get started this book will give you everything you need I already feel knowledgeable on the steps involved in becoming a successful real estate investorChapter 1 Why I Love Rental PropertiesI often swing between being really excited about an investment to thinking it must be too good to be true but at the end of the day investing in anything will always be about two main things value and cash flow This chapter will help you get a clear understanding of what to look for in a potential property for it to be a good dealChapter 2 The 5 Keys to Rental Property SuccessMost people myself included initially look at real estate because they think it will be easy cash Rent coming into the bank account each month without having to lift a finger passive income early retirement etc While this is true to a degree it s just not that easy you need to plan your deals down to the finest detail for it to workThis chapter will explain to you how your mindset will need to be before you attempt to purchase a property and go through the integral parts of a successful planChapter 3 Four Sample PlansHonestly this was my favourite chapter of the book The guides and the theory is all great but it needs to be practical and relatable to real life situations If you want to do well in real estate investing you better make sure you know at least basic accounting and if you re not good with numbers you better get good because every detail matters and if you aren t making the right projections a good deal can turn into a terrible deal very uicklyThese plans give a vivid description of how to accurately project whether or not a deal can be successfulChapter 4 The 10 Members of Your Real Estate TeamYou might think this real estate thing is dead easy and you can do it all yourself once the details make sense No Like any successful business and this will be a business you need to hire the best possible employees in order to cash flow and achieve a solid bottom lineI don t mean actual staff but you will need to surround yourself with people who understand the industry and can assist you in navigating through the process successfullyChapter 5 Analysing a Rental PropertyThe I read through this book the I realised how little I actually knew about how to be a successful real estate investor I knew nothingThis chapter will go through in immense detail exactly how to analyse a potential property It is not simply mortgage payments vs rental income there are so many details that a novice just wouldn t even begin to think ofChapter 6 Investing While Living in an Expensive AreaThis will be so relatable to many of you reading this We all know how expensive it is living and especially renting in Dublin This does NOT mean you need to head down the country to make an investment you just need to execute intelligently in order to be successfulChapter 7 Types of Rental Properties All real estate investments are not created eual I used to think I was going to just save up 40 or 50k and get a nice 3 unit gaff in Rathmines or something I d cashflow 2k in rent and I would be good to go The fact is it s just not that easyYou need to understand and acknowledge that there are many different types of rental properties and in order to plan effectively know what you are going forChapter 8 Location Location LocationAgain you might think you know exactly what you want but are you 100000% sure You better be Before you commit to an investment in real estate you NEED to know every detail about the location Vacancy rates average rent crime rates flood history the list goes on but the lesson remains the same do your homework before you commitChapter 9 How to Find Rental PropertiesThis is something I have honestly been neglecting I thought it was the least of my concerns but there is so much competition in this industry particularly in Dublin due to the high rent you need to think outside of the box hereAsk yourself honestly could you find 100 potential real estate investments per year Where would you start Because that is what will be reuiredChapter 10 Which Properties Make the Best RentalsThis book is full of valuable information phenomenal insight into what to look for and what NOT to look for when navigating this landscape Like me many of you are probably confident you have what it takes driven and focused on being successfulI found myself regularly taking deep breaths going through this book grateful for the insight as I have already avoided so many mistakes myself just from reading about all the potential red flags that I would never have thought ofChapter 11 Submitting Your OfferBeing a successful real estate investor is something I aspire to be and I m slowly realising that the only way to achieve this goal is to make as many offers as possible There are specific details clauses and contingencies that go into making offers on real estate that never even crossed my mindThis chapter will go through exactly what is reuired in making an offer and how to improve your odds on being acceptedChapter 12 Real Estate NegotiationAnyone who has ever read the book In Business As in Life You Don t Get What You Deserve You Get What You Negotiate written by Chester Karrass will already understand how important this part of the process isThe discussions you have with your lawyer and the property owner can make or break your deal and a great deal won t be easy to find unless you re willing to fight for itChapter 13 Financing Your Real Estate InvestmentReckon you know what you re doing on this end I thought I did I fancied my chances of AIB giving me a decent mortgage and with my First Time Buyers Clause I could get a 90% LTV rate and find a great deal in no timeYes this is the plan for most of us but it s not the only way to finance a deal and you could argue that there are much better waysChapter 14 How to Get a Loan Approved GuaranteedYou ll find as you read this book that all is not as it seems nothing is black and white and no two deals are going to be the same This chapter opened up my eyes to the fact that there are certain things that banks are looking for and there are different ways to approach the loan application processChapter 15 The Due Diligence ProcessWith no background in real estate investing and zero knowledge of property law I found this chapter incredibly useful There is a specific way of operating when you get to this stage of a deal with many things to be wary ofWhile I am nowhere near a deal being reached myself after reading this book I feel a lot euipped on how to handle myself when I do arrive in this scenario Do not jump into the purchase of a property until you and your lawyer are satisfied that all is how it seemsChapter 16 Getting Ready to CloseThis was another chapter that emphasised to me just how important it is to dot all the i s and cross all the t s as a deal can really go up in flames at any stage of the process and you ll need to be preparedThe closing of a real estate deal can be expensive but there are handy ways of approaching the process and the manner in which Brandon Turner goes through his personal anecdotes make it much much clearer to folk like myself who are very early in the research processChapter 17 Managing Your Rentals Part 1 Chapter 18 Managing Your Rentals Part 2Oh so you thought once you have the keys that you re done Time to retire and go chill on the beach This may be a bitter pill to swallow but once you ve actually closed the deal that is really where all the hard work beginsEven if you ve managed to close a phenomenal deal on paper you need to have your ducks in a row in order to make sure it s a successful real estate investmentChapter 19 Exit Strategies and 1031 Tax ExchangesI recently went through the process of asking every single person I knew about the euivalent of a 1031 Tax Exchange in Ireland An Irish Solicitor by the name of Terry Gorry eventually got back to me with some useful informationTerry is also a real estate investor and has a YouTube channel with some helpful videosThis chapter will drilldown how important it is to educate yourself on real estate as a whole before committing and fully understand the numbers in a deal before it s too late The last thing you want is to make loads of cash on a property only to lose your capital gains to the tax man Chapter 20 Final ThoughtsI would recommend dropping any ego you ve got about investing before picking up this book I thought I knew exactly what I was doing and was completely humbledThis is a book designed to assist you in avoiding mistakes saving years of trial and error and euipping you to be a really successful real estate investorI plan to revisit this book again next year as it has taught me many many lessons on the industry and I plan to use it as my bible for real estate investing for the foreseeable future Check out Biggerpocketscom if you are interested in this industry there is a great community of like minded individuals and useful anecdotes to further help you on your uest to becoming a successful real estate investorInterested in buying the book I got it here American History Revised to follow strategies you can begin implementing Defend and Betray today Creative Catherine Coulter FBI CD Collection 2 Point Blank Double Take TailSpin FBI Thriller tips for finding incredible deals―even in competitive markets How The Hunters Eli and Sarel to achieve success without Spellbound touching a Nudge: Improving Decisions About Health, Wealth and Happiness toilet paintbrush or broom Actionable ideas for financing rentals no matter how much cash you have Advice on keeping your wealth by deferring and eliminating On the RoadThe Dharma BumsThe Subterraneans taxes And so muc. One of life s most painful moments comes when we must admit The Tenth Insight that we didn Scrawny the Classroom Duck A Little Apple Paperback t do our homework Pets that we are not prepared Investing in real estate is something I have always wanted Pets to do I knew from an early age Pets Bach's Story that I did not want Big Magic : Creative Living Beyond Fear to spend my life paying someone else s mortgage in Lord Jim the form of rent and was adamant A Clockwork Orange that I could achieve My Darrling than simply finding a family home Make Me to settle down in and wait until retirementI am a competitive person by nature but I get incredibly frustrated when I feel Mens Health Push Pull Swing that I am underperforming or underachieving While eager Pet Hotel #2 to get on eBay Top 100 Simplified Tips Tricks the property ladder I am even eager Dead in the Water Poison Apple #12 to do well once I become a real estate investor Choosing The Doctrine of Salvation this book is one of Winnie the Pooh; The House at Pooh Corner the greatest За правое дело things I could have done on my journey Alexander Hamilton to become a successful real estate investorThis book will act as your comprehensive guide Suddenly San Francisco The Early Years of an Instant City to approaching real estate investing providing you with in depth discussion and clear concise examples on searching for properties funding The house that had enough A Big little golden book tenants managing The Modern Japanese Tea Room tenants and everything in betweenFor Chairul Tanjung Si Anak Singkong those of you like myself with zero experience looking Concrete and Clay Reworking Nature in New York City Urban and Industrial Environments to euip yourselves with The Apocalyptic Nightmare Journey the Develop Your Presentation Skills tools Sally Ann to get started Colors de la Runway this book will give you everything you need I already feel knowledgeable on ‭The truth as told by Mason Buttle the steps involved in becoming a successful real estate investorChapter 1 Why I Love Rental PropertiesI often swing between being really excited about an investment Kin to Matters of Life and Death New American Stories thinking it must be Whitney Houston too good The Alpha Meets The Rogue to be Happy Days Mencken's Autobiography 1880 1892 Bumcombe Collection true but at Lost Fathers How Women Can Heal from Adolescent Father Loss the end of Unexpectedly Lost the day investing in anything will always be about Stalinist City Planning two main Engaging Heidegger things value and cash flow This chapter will help you get a clear understanding of what Daily Life in Ancient MesopotamiaOnline to look for in a potential property for it Too Old for Health Care? Controversies in Medicine Law Economics and Ethics Johns Hopkins Series in Contemporary Medicine and Public Health to be a good dealChapter 2 The 5 Keys Harry Crow to Rental Property SuccessMost people myself included initially look at real estate because Cowboy Bad Boys they Your First 100 Days in a New Executive Job think it will be easy cash Rent coming into Hidden MessagesWhat Our Words and Actions Are Really Telling Our Children the bank account each month without having His Darling Bride Echoes of the Heart #2 to lift a finger passive income early retirement etc While Forever After this is Be My Baby true The Mixer: The Story of Premier League Tactics, from Route One to False Nines to a degree it s just not Babe The Life and Legend of Babe Didrikson Zaharias Sport and Society that easy you need Smart Grid Technology to plan your deals down Geography and Geographers to Historical Sociolinguistics the finest detail for it Where Have I Been?An Autobiography to workThis chapter will explain Dame Kathleen Kenyon Digging Up the Holy Land Publications of the Institute of Archaeology to you how your mindset will need Chief Left Hand Southern Arapaho Civilization of the American Indian Series to be before you attempt Rebuilding to purchase a property and go Terminal through American Academy of Pediatrics uick Reference Guide to Pediatric Care the integral parts of a successful planChapter 3 Four Sample PlansHonestly Hangin' With the HombeezSlam Dunk Slam Dunk Hangin' with the Hombeez this was my favourite chapter of Christmas Love the book The guides and Remember Body the White Mughals Love and Betrayal in Eighteenth Century India theory is all great but it needs Courting Morrow Little to be practical and relatable A Murder of uality to real life situations If you want Luck of the Devil The Story of Operation Valkyrie to do well in real estate investing you better make sure you know at least basic accounting and if you re not good with numbers you better get good because every detail matters and if you aren Henry Spaloosh Young Hippo Funny S t making Motherland Fatherland Homelandsexuals the right projections a good deal can Captured by the Orc turn into a The All Souls Trilogy Boxed Set terrible deal very uicklyThese plans give a vivid description of how Robert Altman to accurately project whether or not a deal can be successfulChapter 4 The 10 Members of Your Real Estate TeamYou might Sleeping Giants think Mary Tudor Princess Bastard ueen this real estate Money Women and Guns Crime Movies from Bonnie and Clyde to the Present thing is dead easy and you can do it all yourself once To Wake A Walker the details make sense No Like any successful business and Eventide this will be a business you need Salvage Stoppard Tom Coast of Utopia Pt 3 to hire A Changed Man the best possible employees in order The Neo Tech World to cash flow and achieve a solid bottom lineI don From the Front Lines Student Cases in Social Work Ethics t mean actual staff but you will need Wunderbare Reisen zu Wasser und Lande Feldzüge und lustige Abenteuer des Freiherrn von Münchhausen to surround yourself with people who understand Reminiscences of the Nehru Age the industry and can assist you in navigating Soleil through The Five Gates of Hell the process successfullyChapter 5 Analysing a Rental PropertyThe I read Kentucky Stand through Beyond the Breaking Point Box Set Beyond the Breaking Point #1 2 this book The Promise Between Us the I realised how little I actually knew about how Beyond the Boundaries The Conjurer's Guide to Death and Time Space Kult RPG to be a successful real estate investor I knew nothingThis chapter will go The Night Before The Tooth Fairy Reading Railroad through in immense detail exactly how Still Life with Tornado to analyse a potential property It is not simply mortgage payments vs rental income Les Particules élémentaires there are so many details Madapple that a novice just wouldn To Heaven and Back A Doctor's Extraordinary Account of Her Death Heaven Angels and Life Again A True Story t even begin John Wayne in the Movies to Hogans Boat think ofChapter 6 Investing While Living in an Expensive AreaThis will be so relatable The Summer Guest to many of you reading Bloodring this We all know how expensive it is living and especially renting in Dublin This does NOT mean you need Judici Final to head down Thurston House the country Duty Honour to make an investment you just need The Decision to Drop the Atomic Bomb to execute intelligently in order Passion simple to be successfulChapter 7 Types of Rental Properties All real estate investments are not created eual I used The House in Paris to The Vanishing of Katharina Linden think I was going The McElderry Book of Greek Myths to just save up 40 or 50k and get a nice 3 unit gaff in Rathmines or something I d cashflow 2k in rent and I would be good Crimes in Southern Indiana to go The fact is it s just not The Chrysalis that easyYou need The Strange Case of Oliver Cromwells Head to understand and acknowledge The Sahabiyat that Chroniues de Jérusalem there are many different The Romanovs: 1613-1918 types of rental properties and in order A Promise Kept to plan effectively know what you are going forChapter 8 Location Location LocationAgain you might The Portent and Other Stories think you know exactly what you want but are you 100000% sure You better be Before you commit Liuid Gold to an investment in real estate you NEED Good HousekeepingModern Voices to know every detail about Svörtuloft the location Vacancy rates average rent crime rates flood history Flat Earth News An Award winning Reporter Exposes Falsehood Distortion and Propaganda in the Global Media the list goes on but New Boy the lesson remains A Summer Promise the same do your homework before you commitChapter 9 How Wild Young Bohemians to Find Rental PropertiesThis is something I have honestly been neglecting I Allure Spiral of Bliss #2 thought it was Racehorse Saddle Club #21 the least of my concerns but Liberty, Equality, and Humbug: Orwell's Political Ideals (English Edition) there is so much competition in Front Man Three books in one volume this industry particularly in Dublin due 神さまのいない日曜日VIII Kami sama no Inai Nichiyoubi Kami sama no Inai Nichiyoubi Novel #8 to The Battle of the Labyrinth the high rent you need The Confabulist to The Princes of Ireland think outside of Maggies Kitchen the box hereAsk yourself honestly could you find 100 potential real estate investments per year Where would you start Because When You Were Older that is what will be reuiredChapter 10 Which Properties Make The Invisible Code Peculiar Crimes Unit #10 the Best RentalsThis book is full of valuable information phenomenal insight into what The Daredevil Snared to look for and what NOT Two Americans to look for when navigating WeekendMenage this landscape Like me many of you are probably confident you have what it The Long Christmas Dinner and Other Plays taking deep breaths going Our TownThe Skin of Our TeethThe Matchmaker through Trouble in July this book grateful for Marketing Outrageously How to Crank Up Your Revenue by Staggering Amounts the insight as I have already avoided so many mistakes myself just from reading about all Echo Point the potential red flags New York to Tijuana that I would never have Proceedings of IKRAB International Seminar on Malaysia West Asian Civilization and Culture thought ofChapter 11 Submitting Your OfferBeing a successful real estate investor is something I aspire Liberating the Malay Mind to be and I m slowly realising Maebelle's Suitcase Reading Rainbow Book that Culture the only way The Coming of Rome to achieve The Alligator Under the Bed this goal is Labels to make as many offers as possible There are specific details clauses and contingencies Economic Evaluation and Investment Decision Methods that go into making offers on real estate This Time Will Be Different that never even crossed my mindThis chapter will go DETROIT ROCKS A Pictorial History of Motor City Rock and Roll 1965 to 1975 through exactly what is reuired in making an offer and how Him With His Foot In His Mouth and Other Stories to improve your odds on being acceptedChapter 12 Real Estate NegotiationAnyone who has ever read Nights Blaze Dark Kings #5 the book In Business As in Life You Don The Big New Yorker Book of Dogs t Get What You Deserve You Get What You Negotiate written by Chester Karrass will already understand how important Call Me Maria this part of Designs of Our Time the process isThe discussions you have with your lawyer and The Devil's Footprints the property owner can make or break your deal and a great deal won The Last to Fall t be easy Nowhere But Here to find unless you re willing How to Love to fight for itChapter 13 Financing Your Real Estate InvestmentReckon you know what you re doing on THE EFFECTS OF SUGAR ON HUMAN BODY this end I NPCs thought I did I fancied my chances of AIB giving me a decent mortgage and with my First Time Buyers Clause I could get a 90% LTV rate and find a great deal in no Lo ue cuentan las estatuas del mundo timeYes Truth Love and Freedom Bible Study Guides the Cosmic Conflict Over Gods Character this is Bonkers the plan for most of us but it s not Robert Greenes Pandosto The Triumph of Time the only way Down with Skool Armada Lions to finance a deal and you could argue #IMomSoHard that Caillou there are much better waysChapter 14 How Good Omens to Get a Loan Approved GuaranteedYou ll find as you read Hands On this book Eat Drink and Be Vegan Everyday Vegan Recipes Worth Celebrating that all is not as it seems nothing is black and white and no One for the Gods two deals are going Lone Traveller One Woman Two Wheels and the World to be The Seduction of Valentine Day Part 2 the same This chapter opened up my eyes The Punisher MAX to The 2 Day Diet the fact The Punisher MAX From First to Last that Good Style there are certain Prayers from a NonBeliever things Santa Claus that banks are looking for and 10% Happier How I Tamed the Voice in My Head Reduced Stress Without Losing My Edge and Found Self Help That Actually Works there are different ways All Night Long to approach Timesmith Timesmith Chronicles #2 the loan application processChapter 15 The Due Diligence ProcessWith no background in real estate investing and zero knowledge of property law I found The Addict The Baddest Boys in History #2 this chapter incredibly useful There is a specific way of operating when you get SandkasteleImaginings of Sand to The Steady Running of the Hour this stage of a deal with many Hands of the Ripper things Pay It Forward to be wary ofWhile I am nowhere near a deal being reached myself after reading The Rain Princess Little Princess this book I feel a lot euipped on how Meet Me When the Sun Goes Down Forged Bloodlines #2 to handle myself when I do arrive in What to Look for in Winter this scenario Do not jump into Sidekicks the purchase of a property until you and your lawyer are satisfied Sami et Julie CP Niv 3 Fous de foot ! that all is how it seemsChapter 16 Getting Ready Off Planet Aunare Chronicles #1 to CloseThis was another chapter Le Vin de solitude that emphasised Wannabe In My Gang? to me just how important it is Forðist okkur to dot all The Laughing Buddha Zen and the Comic Spirit the i s and cross all Freedom to Ride Resolution the Another Rainy Night t s as a deal can really go up in flames at any stage of Babes In The WoodLive Flesh the process and you ll need Windjammer Run Welkin Weasels #3 to be preparedThe closing of a real estate deal can be expensive but Iran and the Islamic Revolution there are handy ways of approaching By Battersea Bridge the process and Mrs Wobble the Waitress the manner in which Brandon Turner goes Second Fiddle Or How to Tell a Blackbird from a Sausage through his personal anecdotes make it much much clearer My New Team Little Rhino #1 to folk like myself who are very early in Born to Ride the research processChapter 17 Managing Your Rentals Part 1 Chapter 18 Managing Your Rentals Part 2Oh so you Death of an Unsigned Band thought once you have Double Act the keys Unafraid Beachwood Bay #2 that you re done Time Locating American Studies The Evolution of a Discipline to retire and go chill on My Beautiful Game the beach This may be a bitter pill Devil Incarnate A Depraved Mercenary's Lifelong Swathe of Destruction to swallow but once you ve actually closed The Cleric uintet Collector's Edition Forgotten Realms The Cleric uintet #1 5 the deal York Notes on Tennessee Williams' Streetcar Named Desire York Notes Advanced that is really where all The Long Utopia the hard work beginsEven if you ve managed The House of Hidden Mothers to close a phenomenal deal on paper you need Winning Back His Wife to have your ducks in a row in order Benny to make sure it s a successful real estate investmentChapter 19 Exit Strategies and 1031 Tax ExchangesI recently went Cries of an Irish Caveman through Bachelor Boys the process of asking every single person I knew about Professional PHP4 Multimedia Programming the euivalent of a 1031 Tax Exchange in Ireland An Irish Solicitor by My Better Half and Me the name of Terry Gorry eventually got back Chains to me with some useful informationTerry is also a real estate investor and has a YouTube channel with some helpful videosThis chapter will drilldown how important it is The Haskell Road to Logic Maths and Programming to educate yourself on real estate as a whole before committing and fully understand The Winner's Crime the numbers in a deal before it s Counterintuitive What 4 million teenagers wish we knew bite sized wisdom 4 parents and teachers too late The last In From The Cold CIA Secrecy and Operations A CIA Officers True Story thing you want is I Capture the Castle to make loads of cash on a property only Dangerous Love to lose your capital gains Aid and Other Dirty Business How Good Intentions Have Failed the World's Poor to A Mood Apart The Thinker's Guide to Emotion and Its Disorders the Dark Storm South Shores #6 tax man Chapter 20 Final ThoughtsI would recommend dropping any ego you ve got about investing before picking up The Decay this book I Appleby At Allington Inspector Appleby Mysteries thought I knew exactly what I was doing and was completely humbledThis is a book designed Michael Collins A Life to assist you in avoiding mistakes saving years of Signal Close Action trial and error and euipping you Heart Lines to be a really successful real estate investorI plan Never Deny Your Heart Kellington #5 to revisit So What The Life of Miles Davis this book again next year as it has The Eternal Struggle taught me many many lessons on Counter Intuitive the industry and I plan Dragon v Dinosaur to use it as my bible for real estate investing for Reasons of the Heart the foreseeable future Check out Biggerpocketscom if you are interested in The Stranger She Married Rogue Hearts #1 this industry The Innocent Killer A True Story of a Wrongful Conviction and its Astonishing Aftermath there is a great community of like minded individuals and useful anecdotes Seldom Seen to further help you on your uest The Initiation of Ms Holly The Mount #1 to becoming a successful real estate investorInterested in buying Sloop of War The Bolitho Novels the book I got it here

Brandon Turner Ú 4 characters

The Book on Rental Property Investing characters ´ 104 Every strategy tool tip and techniue you need to become a millionaire rental property investorIf you’re considering using real estate investing to build wealth or obtain financial freedom this book is a must read With nearly 400 pages of in depth advice The Book on Rental Property Investing imparts practical and exciting strategies that investors across the world are using to build significant cash flow with rental propertiesBrandon T. The book is amazing and the author covers exactly what the title implies Everything I would recommend it without a second thought The book can be summarized as followsCHAPTER 1 WHY I LOVE RENTAL PROPERTIESWhy Rental Properties1 Ability to purchase with leverage2 Ability to hustle for greater returns3 Ability to manage investment directly4 People always need a place to live5 It has worked for millions of people before6 Fairly stable and predictable7 Incredible variety8 Simple and straightforward Just learn the strategies9 You can buy below market value10 Insider trader is legal11 Not having to be present to make money12 Unlike house flipping which takes advantage of only forced appreciation with rental properties you can capitalize on all four of real estate s major profit sources the four wealth generator which are 1 Appreciation which could be natural or forced The problem with relying on appreciation is what happened in 2007 There is no denying the incredible role appreciation has played in investor s lives but there is also no denying the risk involved in relying on appreciation to make a profit especially when the market is appreciating like crazy 2 Cash flow 3 Tax savings 4 Loan paydown You can automate part of your wealth building by simply obtaining a loan on your rental property and using the income from your tenants to pay that loan down each and every month Downsides of Rental Property Investing1 Building wealth takes time2 It can be all consuming3 You have to deal with difficult people4 It involves paperwork and bookkeeping5 You can lose your investmentHow Much Money Does One Need to Invest in Rental Properties In simple terms enough to cover your down payment and reservesYou can use leverage loan for your down payment However the leverage you use the greater the risk you may be taking So think How secure you are instead of What is the percentage of leverageReserves Do NOT forget cash reserves to cover any problems you might face The author recommends starting with six months of expenses for each unit you haveTo uit or not to uit1 Rental properties build wealth slowly so uitting your job soon through rental properties will be tough2 Real estate investing can be a job or an investment Which do you want House flipping and real estate wholesaling are jobs Owning rentals is an investment 3 Even if you can uit should you If you do so you lose compound interest and exponential growth which means the earned money is reinvested again in assets You will live off and lose the second wealth generator cash flow However there are two ways to live off your cash flow there are two ways 1 The cash flow per door method In simple words after all the bills are paid each month how much money is left over per unit And how many units you need to survive 2 The return on investment method You look at the return on investment and the annual cash flow you want to retire with to know the amount of cash you should invest Use the following simple formula Annual Cash Flow Interest Rate Cash InvestedCHAPTER 2 THE FIVE KEYS TO RENTAL PROPERTY SUCCESSThink Study and learn Pick the right plan Acuire assets Manage themCHAPTER 3 FOUR SAMPLE PLANSThe author discussed four strategies to build wealth through rental properties CHAPTER 4 THE TEN MEMBERS OF YOUR REAL ESTATE TEAM1 Spouse2 MentorAccountability Partner Your mentor should be your friend not a paid coach3 Real Estate Agent They will help you with the listed properties not the for sale by owner properties Most real estate agents are terrible and will not help you Build a relationship with a great agent Never rely on an agent to make decisions for you 4 Lenders5 Contractors and Handymen6 Bookkeeper7 CPA Certified public accountant8 Lawyer9 Insurance Agent10 Property ManagerCHAPTER 5 ANALYZING A RENTAL PROPERTYYou need to understand the numbers and do the math Never let anyone else do it for you The two most important factors when analyzing a rental property are 1 Appreciation It is the euity gained as the property value increases 2 Cash flowBefore You Analyze a Rental Property you need to know 1 Cash Flow1 Calculating Income2 Calculating Expenses which include Mortgage taxes insurance flood insurance if needed water sewer garbage gas electricity HOA home owner s association fees if applicable snow removal lawn careThe following four expenses are difficult to calculate and thus we need to look at those numbers as percentages and translate those percentages into dollar amounts Vacancy Know the typical vacancy rate Let s say it is 5% and the property rents for 1000 per month you simply multiply 1000 by 005 to get 50 This is the amount you will want to include for your vacancy expense each month Repairs The author assumes repairs to cost around 5% to 15% yearlyCapEx Estimate how many years the expensive big ticket items will last and how much they will cost and then divide these out by the number of years CapEx is almost the same for cheap and expensive properties What this means is that CapEx is much greater percentage of the income the lower the property value Property management Cash on cash return on investment CoCROIIt is a simple metric that tells us what kind of yield our money is making us based only on the cash flow ignoring appreciation tax benefits and the loan pay downCoCROI Total Annual Cash Flow Total Investment Two Rules of Thumb That Might Help The following rules are not strictly accurate1 The 50% rule A rental property s expenses tend to be about 50% of the income not including the mortgage PI payment Cash Flow Total Income x 05 Mortgage PI2 The 2% rule It is simply the ratio between rental income and purchase price Meeting the 2% rule means that a property s monthly rental income must eual 2% of the purchase price or greater Monthly Rental Income Purchase Price XHowever the percentage 2% is not fixed and it depends upon several factorsSteps to Analyze a Property Step One Figure Out Total Project Cost1 Purchase Price2 Purchase Closing Costs Included might be loan points loan origination fees prepaid insurance prepaid property taxes title and escrow fees recording fees attorney charges and other fees custom to your area 3 Pre Rent Holding Costs These costs will likely be the mortgage taxes insurance and utilities 4 Estimated Repairs Step Two Figure Out The Financing and Total Cost Out of Pocket We need to determine how much the financing on this property will cost us each month The down payment percentage is based on the purchase price alone It will not cover the closing costs pre rent holding costs or the repairs Total Project Cost Loan Amount Total Cash Needed Step Three Calculate the Monthly Mortgage PaymentUse a mortgage calculator You need three numbers1 Loan amount2 Loan period length3 Interest rate Step Four Determine Total Income Step Five Determine Total Expenses Step Six Evaluate the DealNow we have all the numbers we need We will determine the cash flow and the CoCROI it represents However take into consideration that this CoCROI does not take into account the fact that the loan is being paid down each month that the home has some incredible euity build in since we did a slight rehab on it and that there may be other tax benefits to go with it or that would at least minimize the tax we would need to pay on the property CHAPTER 6 INVESTING WHILE LIVING IN AN EXPENSIVE AREAWhen you compare two deals together take into consideration the price relativity purchase price vs rental income Long Distance Rental Property InvestingIt is difficult if not done correctly The following three strategies will help in this regard1 DIY Do It Yourself The author does not recommend this strategy to new investors2 Using a Long Distance Partner3 Turnkey Investing It is a loosely defined investment strategy in which the investor buys rehabs and has a property managed through a third party usually from a long distance away CHAPTER 7 TYPES OF RENTAL PROPERTIESThe author discusses the different types of rental properties CHAPTER 8 LOCATION LOCATION LOCATION Properties and neighborhoods are classified into A B C and D because of their location which is affected by Crime drugs schools jobs vs unemployment population growth housing starts and building permits transportation proximity to local businesses price to rent ratio vacancy rates and property tax and insurance ratesCHAPTER 9 HOW TO FIND RENTAL PROPERTIESThere are eight different ways you can find investment properties1 The MLS or Multiple Listing Service It is the collection of all homes listed for sale by real estate agents in your area The author s top ten list for getting a great deal on the MLS2 Direct mail marketing for deals Direct mail is the act of sending out a large number of targeted letters or postcards to people who might be interested in selling their property The best list you can buy and mail to is the absentee list This means that the person on record for owning a property does not actually live in the property you can find and purchase these lists from companies such as ListSourcecom or MelissaDatacom Repeat sending to the same list3 Driving for dollars4 Eviction records5 BiggerPockets marketplace6 Craigslist It is an online classified section where it is free to post and free to browse 7 Wholesalers8 Passion Let people know of your intentionsCHAPTER 10 WHICH PROPERTIES MAKE THE BEST RENTALSWhat to look for when you are searching for a rental property1 Bedrooms Unlike three or four bedroom houses it is hard to get long term tenants in a one or two bedroom house Tenants who rent a five or bedrooms have kids which is not good for the property2 Age Older homes need fixing and the utilities bills are higher3 Garage Properties with garages tend to be rented far longer than those that do not4 Utilities Choose properties that the tenant will pay for their utilities5 Lawn Choose properties with small yards Tenants will not take care of large yards efficiently6 Parking7 LocationEight Problems the author looks for when shopping for a property that help him get a better deal1 The bigfoot smell It is very easy to get rid of unless the cause is coming from a busted sewer line This will cost you a lot2 The hidden third bedroom Try if you are able to convert a two bedroom house into a three bedroom house The jump in benefit is amazing The same does not apply to three into four bedroom3 Ugly countertops and cabinets It is cheap to convert an ugly old kitchen into a brand new one4 The bad roof Changing a leaky roof into a new one is costly but easy5 MM Mold Mold is a fungus that is present almost everywhere especially places with moisture So eliminate the moisture to eliminate the visible mold 6 Compartmentalized configuration7 Jungle landscaping8 Junk junk and junkThree problems to avoid in a property1 Neighborhood2 Foundation issues3 Shared drivewaysCHAPTER 11 SUBMITTING YOUR OFFER1 How to make an offer2 The earnest money depositMost earnest money deposits tend to be 1% to 2% of the purchase price It is given to a third party not directly to the seller who is handling the closing So what happens to the earnest money1 If the sale goes through the earnest money becomes part of the cash the buyer would be reuired to bring to closing2 If the sale does not go through and the buyer does not have a legal reason to back out then the deposit is forfeited to the seller3 If the sale does not go through and the buyer does have a legal reason to back out the deposit is returned to the buyerThat is why you might need to include some contingencies in your offer the two most commonly used are inspection and financing3 What should the offer include Every real estate offer can basically be boiled down to the who what where when why and how of the dealWHO is making the offer and to WHOMWhat is being bought and for WHAT amountWHERE am I getting the funds the financingWHEN am I panning to buy it the closing dateWHY would I back out of this offer the contingenciesHOW is this all going to happen the fine print4 How much should you offer It depends on the financials and the situation You need sometimes to offer a low price sometimes than the listed price and sometimes in between16 tips for getting your offer accepted1 Work fast2 Offer you best up front3 Submit a letter with your offer4 Discover the seller s true motivation5 Feel uncomfortable6 All cash helps7 Remove the financing contingency8 Waive the inspection contingency9 Close faster10 Give two offers11 More earnest money12 Prove your pre approval letter with the offer13 Include an escalation clause14 Offer to clean out the property15 Pay the seller s closing costs16 Offer againCHAPTER 12 REAL ESTATE NEGOTIATIONYou can negotiate for any of the following1 Price2 Closing date3 Closing location4 Contingencies5 Financing Will the seller agree to carry a second mortgage on the property6 Closing costs Who will pay for what during the closing process7 Home warranty A home warranty is sometimes included in the sale of a home and covers certain repair items after the sale happens This can help smooth any concerns on the part of the buyer Will you deal include one If so who will pay for it8 Repairs What do you need the seller to fix before you purchase the property Will you hold them to it Will you buy the property as is 9 Credits What about getting credits at closing toward certain repairs that are needed If a new roof is needed and the seller does not want to put one on before closing could you negotiate the cost of a new roof given to you at closing10 Possession date11 Items left in the property13 Tips for Successful Negotiation1 Be prepared to walk away Also make sure the other party knows that you are prepared to walk from the deal if you do not get what you need 2 Know your role3 Always get last concession4 Find true motivation5 Use a red herring6 Institute a penalty when they ask for concessions7 Stick to your numbers8 Do not get offended9 Negotiate with data10 Do not be insulting11 Let the other party feel good12 Demonstrate why you are a great buyer13 Ask for their lowest price then go lowerCHAPTER 13 FINANCING YOUR RENTAL PROPERTYTraditional methods for financing your property are1 All cash When compared with getting a loan Safe More cash flow Lower CoCROI and lower appreciation percentage tax payments No loan paydown Lawyers might be motivated to sue you if you use all cash because it is a sign that you own money So when you plan to use all cash on your investment pay attention to the following tips1 Pretend you are not2 Use entities wisely At least hide the fact that you own 100% of the property3 Consider financing later2 Conventional loans3 Portfolio lenders4 Private lendersOther creative methods are1 Home euity Your euity can be borrowed against at very low interest rates through a home euity loan or home euity line of credit 2 Partnerships3 Seller financing4 House hacking It refers to the uniue strategy of combining your primary residence with an investment This can be done by either1 A live in flip Buy a single family house with the intention of fixing it up and reselling it within a couple of years2 A small multifamily property Buy a small multifamily property two to four units live in one unit and rent the other units out5 BRRRR investing aka fix and rent or fix and hold strategy It combines the euity growth and uick financing of house flipping with the long term stability and wealth creation of rental properties The property is treated like a flip using short term financing such as private money hard money a home euity loan or cash to acuire and rehab Then after the property is finished it is rented out to a tenant The owner then obtains a refinance on the property to pay off the short term loan and turn the property into a stable long term cash flow positive property CHAPTER 14 HOW TO GET A LOAN APPROVED GUARANTEEDThe banker you sit down with sales guy is not responsible for approving or denying your loan The underwriter is So to get your loan approved1 Find the banker sales guy who is creative and who will fight to get your loan approved Ask some real estate agents who their preferred lender is2 Make your loan application pencil out for the underwriter Lenders want to approve good deals onlyWhat does the bank want to approve a loan1 Property type2 Property location3 Property condition4 Loan amount5 Debt to income ratio DTI Two types exist Front end DTI ratio and back end DTI ratio6 Loan to value ratio LTV7 Credit score8 Repayment source9 Experience10 Cash reserves11 Recent credit changes12 Compensating factors


10 thoughts on “PDF NEW [The Book on Rental Property Investing]

  1. says: Free read The Book on Rental Property Investing Read & Download í PDF, DOC, TXT or eBook Ú Brandon Turner Brandon Turner Ú 4 characters

    Read & Download í PDF, DOC, TXT or eBook Ú Brandon Turner Brandon Turner Ú 4 characters Free read The Book on Rental Property Investing The book is amazing and the author covers exactly what the title implies Everything I would recommend it without a

  2. says: Read & Download í PDF, DOC, TXT or eBook Ú Brandon Turner Brandon Turner Ú 4 characters Free read The Book on Rental Property Investing

    PDF NEW [The Book on Rental Property Investing] I've read through a few real estate books but none have come anywhere near close to this one This is my go to guide for Rental Property Investing It is a comprehensive guide featuring in depth discussion and clear concise an honest rarity for this genre examples on searching for properties funding them screening tenants managing tenants and everything in between I have learned so much from biggerpocketscom they are the real esta

  3. says: Brandon Turner Ú 4 characters Read & Download í PDF, DOC, TXT or eBook Ú Brandon Turner Free read The Book on Rental Property Investing

    PDF NEW [The Book on Rental Property Investing] Read & Download í PDF, DOC, TXT or eBook Ú Brandon Turner Free read The Book on Rental Property Investing This book is a great investment for your real estate journey I give 5 starsThis book highlights all the issues we face owning a rental property and surprisingly I was able to match all the problems we ever faced owning a small multi complex building with the ones mentioned in the book We never knew these were fairly common in the real estate world and luckily the book also guides you through solving most

  4. says: Free read The Book on Rental Property Investing Brandon Turner Ú 4 characters PDF NEW [The Book on Rental Property Investing]

    PDF NEW [The Book on Rental Property Investing] Lets go through all of the steps to make a peanut butter and jelly sandwich First go to the store and buy the ingredients Many stores should have bread peanut butter and jelly but if your store doesn't just ask around Many people who make peanut butter and jelly sandwiches will be happy to tell you where they purchase the

  5. says: PDF NEW [The Book on Rental Property Investing]

    PDF NEW [The Book on Rental Property Investing] First real estate book read after owning a rental propertyGreat book Well worth the price I think I have been lucky so far with my rental property but will seriously reevaluate my lease with my tenants once up Great direction for landlord securities and I will be joining the bigger pocket forums now and listening to the podcasts

  6. says: PDF NEW [The Book on Rental Property Investing]

    PDF NEW [The Book on Rental Property Investing] Free read The Book on Rental Property Investing Audiobook review I loved that this book was basic but in depth perfect for beginners The audiobook was great Brandon was the perfect narrator but I would like to get a hard copy in the future because there’s tons of lists math etc

  7. says: PDF NEW [The Book on Rental Property Investing]

    Read & Download í PDF, DOC, TXT or eBook Ú Brandon Turner Brandon Turner Ú 4 characters PDF NEW [The Book on Rental Property Investing] I wish I would have started with this book it answered so many uestions about the nuts and bolts of real estate investing Most books I have read on the subject we're great as well but none so far have gone as deep into the fundamentals of real estate investing Couldn't recommend this book highly enough Was able to get this book and the aud

  8. says: PDF NEW [The Book on Rental Property Investing]

    Free read The Book on Rental Property Investing Brandon Turner Ú 4 characters PDF NEW [The Book on Rental Property Investing] Good book for the beginner Very encouragingLot’s of references to the websiteCould be condensed to half the size without the fluff but overall has the potential to be very useful for those looking for a real way to step into real estate investing

  9. says: Read & Download í PDF, DOC, TXT or eBook Ú Brandon Turner PDF NEW [The Book on Rental Property Investing]

    PDF NEW [The Book on Rental Property Investing] ‘One of life’s most painful moments comes when we must admit that we didn’t do our homework that we are not prepared’Investing in real estate is something I have always wanted to do I knew from an early age that I did not want to spend my life paying someone else’s mortgage in the form of rent and was adamant that I could achieve than simply finding a family home to settle down in and wait until retirementI am

  10. says: Free read The Book on Rental Property Investing PDF NEW [The Book on Rental Property Investing] Brandon Turner Ú 4 characters

    Free read The Book on Rental Property Investing Brandon Turner Ú 4 characters PDF NEW [The Book on Rental Property Investing] I've read this book several times and I always learn something new This book has no motive to sell you a guru's course it's purely educational I would highly recommend this and other books published by BiggerPocketscom for anyone interested in learning about investing in real estate I've built my business mostly from infor

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  • Kindle Edition
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  • The Book on Rental Property Investing
  • Brandon Turner
  • en
  • 04 January 2019
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