Five Magic Paths to Making a Fortune in Real Estate

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Author: James E. A. Lumley

ISBN-10: 0471548251

ISBN-13: 9780471548256

Category: Real Estate Investing

A new and revised edition of the commonsense guide to real estate riches\ More and more people are discovering that real estate investing is a safe and affordable way to increase their cash flow and build lasting wealth. If you want to achieve financial freedom, then look no further. 5 Magic Paths to Making a Fortune in Real Estate reveals the proven real estate investment strategies that many of today's millionaires used to make their fortunes. In fact, you don't even need a lot of money to...

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This guide to real estate investment outlines five strategies relating to fixer-uppers, lease/options, wholesales, buy-and-hold, and single and multi-family rentals. Lumley is a real estate broker. Annotation ©2004 Book News, Inc., Portland, OR

PrefaceAcknowledgmentsIntroductionCh. 1Five Magic Paths to Making a Fortune in Real Estate1Ch. 2Making Money with Fixer-Uppers12Ch. 3Finding the Fixer-Upper Bargain25Ch. 4Finding Foreclosed, Repossessed, or Condemned Property40Ch. 5Repairs That Make You the Most Money57Ch. 6Valuing Properties Is the Key to Profits74Ch. 7Negotiate to Get Your Offers Accepted87Ch. 8Wholesale Property for Steady Gains103Ch. 9Financing I: Working through Conventional Lenders119Ch. 10Financing II: Help from the Seller136Ch. 11Lease/Options I: Arranging Rent-to-Own with Tenant-Buyers150Ch. 12Lease/Options II: Arranging Contracts and Closings with Tenant-Buyers168Ch. 13Buy-and-Hold I: The Single-Family182Ch. 14Buy-and-Hold II: The Multifamily198Ch. 15Finding the Value of an Income Property213Ch. 16Making the Offer on the Multifamily228Ch. 17Financing the Multifamily247Ch. 18Managing Your Property266Ch. 19The Magic Formula for Success: Use Flexible Strategies279Epilogue: Success Is Not about Education, or Even Hard Work - It's about Following Through285Index287