Amass more than $900,000 in properties in one year, without using any of your own money, or that of your investors. Real estate investing can be an excellent way to build wealth. With its advantages of cash flow, appreciation, tax benefits, equity buildup and leveraging, real estate may be the only vehicle that can carry the average person to retirement wealth. Real estate investor, attorney, and author Larry Loftis has developed a safe, easy, and lucrative way for new investors to get into the game, and for experienced ones to enhance their portfolios. In Investing in Duplexes, Triplexes and Quads: The Fastest and Safest Way to Real Estate Wealth, he draws on both his real estate investing experience and legal acumen to explore advantages you may not have considered about residential multifamily properties of two to four units. Learn how to: -Buy duplexes, triplexes and quads with no money down, AND get cash back at closing. -Eliminate risk, and guarantee that your mortgage payments are always covered. -Use "cash-out" from refinancing to purchase more properties. -Decide whether to buy and hold or "pyramid" to a large apartment complex. -Use inflation, tax laws, and rehab to build a massive retirement nest-egg.
After owning 3 condos I decided it was time to move into multi-unit properties. I had some basic knowledge, but wanted to know what I didn't know and some tactics and strategies as I moved into this new realm. Mr. Loftis took a very structured look at the subject from beginning to end and refreshingly also gave credit to other authors and acknowledged there is more than one way to skin this particular cat. The one thing I would say is the appreciation numbers are likely a bit optimistic for most areas considering where the real estate market appears to be heading(8/2006), but if you can't modify them for your area you shouldn't get into the business. In short, an excellent book - both informative and well written.
Great Guidebook for New Investors!
Published by Thriftbooks.com User , 18 years ago
I like this book. It gives me the tools I need to start investing in real estate. There is more than one way to invest, and Larry Loftis explains the different strategies in a way that is easy to understand. He also explains his own approach and shows how it has worked so well for him. If you want a good primer on how to get started, and how to keep going, I recommend Investing in Duplexes, Triplexes and Quads: The Fastest and Safest Way to Real Estate Wealth.
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