Research Catalog

Title

Investing in real estate / Andrew J. McLean and Gary W. Eldred.

Author

McLean, Andrew James.

Publication

Hoboken, N.J . : John Wiley & Sons, c2006.

Supplementary Content

• Publisher description
• Contributor biographical information

Items in the Library & Off-site

Details

Additional Authors

Eldred, Gary W.

Description

xxix, 314 p.; 23 cm.

Subject

• Real estate investment > United States

Note

• Includes bibliographical references (p. 305-309) and index.

Bibliography (note)

• Includes bibliographical references (p. 305-309) and index.

Contents

• Prologue : does investing in real estate still make sense? -- 1. Why real estate offers your best route to a prosperous future -- A dependable and growing flow of income -- More good news for property appreciation -- Reason, not faith -- 2. Financing : borrow smart, build wealth -- The birth of "nothing down" -- Should you invest with little or no cash or credit? -- Maximize your leverage with owner-occupancy financing -- What are the loan limits? -- High leverage for investor-owned financing -- What underwriting standards do lenders apply? -- 3. Appraisal : how to discover great properties -- Make money when you buy, not just when you sell -- What is market value? -- The three approaches to value -- Property description -- The coast approach -- The comparable sales approach -- The income approach -- Income capitalization -- Valuation : final words -- 4. Maximize cash flows and appreciation -- Will the property yield good cash flows? -- Will the property yield above-average appreciation? -- 5. How to find bargains -- Why properties sell for less (or more) than market value -- List your screening criteria -- Bargain sellers -- Seller disclosures --
• 6. Profit from foreclosures -- The foreclosure process -- Buy preforeclosures from distressed owners -- Prequalify homeowners and properties -- Finding homeowners in default (prefiling) -- Finding homeowners (postfiling) -- Satisfy lenders and lien holders -- Profit from the foreclosure auction -- 7. Profit from REOs and other special sales -- Buy direct form a mortgage lender -- Finding lender REOs -- HUD homes and other HUD properties -- Department of Veterans Affairs (REOs) -- Fannie Mae and Freddie Mac REOs -- Federal government auctions -- Buy from foreclosure speculators -- Probate and estate sales -- Private auctions -- 8. Quick profits through fix and flip -- Fix, flip, profit! -- Looking for "fixers" -- Improvement to consider -- Required repairs and improvements -- Can you improve a location? -- What types of improvements pay the greatest returns? -- Budgeting for quick resale profits -- Comply with laws and regulations -- Should you buy a "fixer"? -- 9. More techniques for high yields and fast profits -- Lease options -- Lease purchase agreements -- Conversions -- Master leases -- Assignments : flipping purchase contracts -- Summary --
• 10. Negotiate a win-win agreement -- Win-win principles -- The purchase contract -- Summary -- 11. Managing your properties to increase their value -- The 10:1 rule (more or less) -- Smart strategic decisions -- Cut operating expenses -- Increasing value : final words -- 12. Develop the best lease -- The mythical "standard" lease -- Craft your rental agreement -- Tenants rights laws -- Landlording : pros and cons -- 13. Sell for top dollar -- Agent services -- Listing contracts -- Prepare a property for top dollar -- Attract buyers -- 14. Pay less tax -- The risks of change and complexity -- Homeowner tax savings -- Rules for vacation homes -- Mortgage interest deductions -- Credit card interest -- Rules for your home office -- Depreciation expense -- Alternative minimum tax -- Capital gains -- Tax-free exchanges -- Reporting rental income and deductions -- Tax credits -- Property taxes -- Summary -- 15. New trends and developments -- Lower-priced areas -- Emerging growth areas -- Emerging retirement/second-home areas -- Commercial properties -- Self-storage -- Mobile home parks -- Profitable possibilities with zoning -- Tax liens/tax deeds -- Discounted paper -- Should you form an LLC? -- 16. An income for life -- Less risk -- Personal opportunity -- Internet appendix.

Call Number

JBD 17-100

ISBN

• 9780471741206 (pbk,)
• 0471741205 (pbk,)

LCCN

2005047504

OCLC

60188318

Author

McLean, Andrew James.

Title

Investing in real estate / Andrew J. McLean and Gary W. Eldred.

Imprint

Hoboken, N.J . : John Wiley & Sons, c2006.

Edition

5th ed.

Bibliography

Includes bibliographical references (p. 305-309) and index.

Connect to:

Publisher description

Table of contents only

Contributor biographical information

Added Author

Eldred, Gary W.

Research Call Number

JBD 17-100