Table of Contents
Praise for How to Invest in Real Estate 2
Introduction The Elephant In The Room 12
How Do I Get Started with Real Estate? 13
Why Real Estate Investing? 14
Who Are "We"? 18
What to Expect in This Book 19
Are You Ready to Begin? 21
Chapter 1 Nine Questions Every Real Estate Beginner Wants Answered 22
1 Can I Invest in Real Estate if I Have a Full-Time Job? 23
2 Do I Need to Pay Some Guru in Order to Be Successful? 26
3 Can I Invest in Real Estate if I Have No Money? 27
4 Can I Invest in Real Estate with Bad Credit? 30
5 Is Real Estate Investing a Way to Get Rich Quick? 31
6 What if My Market Is Too Expensive? 34
7 Do I Need an LLC or a Corporation to Invest in Real Estate? 36
8 Should I Wait to Invest Until the Market Changes? 38
9 Do I Need to Have a Real Estate License? 39
Wrapping It Up 40
Chapter 2 Boring Financial Stuff-That Just Might Save Your Life! 41
Knowing Where You Stand 43
Showing Your Money Who's Driving 46
How to Save More Money Without Abandoning All Fun 55
Bring Your Spouse on Board 59
How to Earn More Money at Work 64
How to Earn More Money on the Side 67
Wrapping It Up 75
Chapter 3 Getting Your Ducks in a Row 76
Understanding Market Cycles 77
Nervous? Here Are Seven Ways to Overcome Fear 80
Assembling Your Real Estate Team 84
Should I Use a Partner or Go It Alone? 88
Real Estate Investing Mentors 93
Real Estate Networking 98
Entities: LLCs, S Corps, and C Corps 99
Wrapping It Up 106
Chapter 4 Real Estate Investment Niches 107
Raw Land 107
Single-family Houses 109
Small Multifamily 112
Large Multifamily 114
Commercial 116
Mobile Homes and Mobile Home Parks 118
Private Notes 120
REITs 121
Crowdfunding 121
Wrapping It Up 122
Chapter 5 Real Estate Investment Strategies 123
Buy and Hold 124
House Flipping 136
Wholesaling Real Estate 142
Real Estate Development 146
Turnkey Investing 149
House Hacking 152
Short-Term (Vacation) Rentals 155
Live-In House Flips 159
BRRRR INVESTING 161
Student Rentals 166
Is it Okay to Invest in Multiple Niches and Strategies at the Same Time? 168
Wrapping It Up 170
Chapter 6 27 Ways to Find Incredible Real Estate Deals 172
The LAPS Funnel 173
27 Powerful Tactics for Finding Great Deals 178
Wrapping It Up 206
Chapter 7 12 Ways to Finance Your Real Estate Deals 207
1 All Cash 208
2 Conventional Mortgage 209
3 Portfolio Lenders 209
4 FHA Loans 209
5 203K Loans 212
6 Owner Financing 212
7 Hard Money 214
8 Private Money 215
9 Home Equity Loans and Lines of Credit 215
10 Partnerships 217
11 Commercial Loans 219
12 Retirement Accounts (Yours - Or Someone Else's!) 223
Wrapping It Up 227
Chapter 8 Real Estate Exit Strategies 228
Traditional Selling with a Real Estate Agent 228
Selling FSBO (For Sale By Owner) 230
Selling Using Seller Financing 230
The 1031 Exchange 232
16 Tips and Tricks For Selling Your Properties 234
Wrapping It Up 238
Chapter 9 How to Work (FAR) Less and Get (WAY) More Done 239
1 Be the General 239
2 Being Effective Vs. Being Efficient - The Difference Is Vital 242
3 The True Enemy of Progress: Dead Space 244
The Final Key to Long-Lasting Success: Giving Back 250
Wrapping It Up 253
Acknowledgments 256
About the Authors 257
