Make your first million and earn a steady income with this updated, essential guide to real estate investing
The collapse in real estate prices from 2007 through 2012 was the most significant event in the real estate industry since the Great Depression. But today, with the real estate market rebounding, a new generation of investors is entering the field, eager to make their fortune.
Building Wealth One House at a Time, 2nd Edition provides you with a practical way to create wealth through an ethical approach of buying, financing, and managing property. Renowned real estate expert John W. Schaub takes you through his 9-step program and explains how to accumulate one million dollars' worth of houses debt free in any market, while earning a steady cash flow.
This invaluable guide presents fresh strategies for buying and financing property, reflected in six new chapters on topics such as real estate cycles, financing real estate purchases, negotiation techniques, and retirement investing.
You'll learn how to:
* Finance real estate purchases without going to a bank
* Recognize and capitalize on real estate cycles
* Improve your negotiation skills in any situation
* Avoid common and costly mistakes
* Create cash flow that lasts forever, and much more
Building Wealth One House at a Time, 2nd Edition reveals how virtually anyone can accumulate houses debt free and earn an income for life.
McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide
Introduction ix 1 How Buying One House at a Time Can Make You Wealthy 1 2 Buying the House That Will Make You the Most Money 15 3 Real Estate Bubbles, Crashes, and Cycles 25 4 Finding Opportunities That Others Miss 33 5 Knowing What a House Is Worth Before You Make an Offer 45 6 Knowing How You Are Going to Pay for a House Before You Buy 55 7 What Makes Some Debt Dangerous, and How to Borrow Safely 69 8 Borrowing Without Going to a Bank 81 9 Attracting and Using Investor Money to Increase Your Profits 95 10 Using a Real Estate Contract to Your Advantage 107 11 Making the Offer 123 12 Secrets of Professional Negotiators 133 13 Buying and Selling with Agents 147 14 Buying and Selling Houses to Produce Cash Flow-Today 155 15 Selling on Lease/Options to Generate Larger Profits 163 16 Finding and Buying Preforeclosures and Foreclosures 173 17 Attracting and Training Long-Term, Low-Maintenance Tenants 189 18 Knowing When to Sell and How to Sell 213 19 Getting Your Houses Free and Clear 223 20 Making It Big on Little Deals 231 21 THE FULLER CENTER FOR HOUSING: Helping Others Build Wealth One House at a Time 235 Index 237 About the Author 245