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| Acknowledgments | |
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| Preface | |
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| The Quest for Something More | |
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| Adventures in the Promised Land | |
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| Why Real Estate? | |
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| Inflation and Deflation | |
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| Leverage | |
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| Rent and Occupancy as Subsidies | |
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| Risk | |
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| Yield | |
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| Control | |
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| Opportunity Costs | |
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| How Others Succeed | |
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| Money: Raising Cash and Credit | |
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| Outcasts of the Secondary Market | |
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| Underwriting Standards for Investors | |
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| Investment Financing's Hidden Barriers | |
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| Rates | |
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| Closing Fees | |
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| Points | |
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| Prepayment Penalties | |
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| Due-on-Sale Clauses | |
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| Where to Find Investor Financing | |
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| Non-Conforming but Traditional Lenders | |
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| Commercial Loans and Bank Credit Lines | |
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| Seller Take-Backs | |
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| Private Individuals | |
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| Partners and Partnerships | |
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| Credit Cards | |
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| Personal Credit Lines | |
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| Home Equity Mortgages | |
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| Home Equity Loans and Special Rules | |
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| Insurance Loans | |
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| Pensions: Special Money for Investors | |
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| A Model Letter for Pension Trustees | |
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| Getting Pension Approval | |
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| Keeping the Pension Happy | |
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| Converting to Long-Term Financing | |
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| How to Finance Investment Property | |
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| Conventional, 30-Year, and 15-Year Financing | |
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| FHA Loans | |
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| Rehab Loans Under FHA 203(K) | |
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| Fixing Up with Title 1 | |
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| VA Loans | |
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| Private Mortgage Insurance | |
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| Assumptions | |
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| Second Trusts | |
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| Balloon Notes | |
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| Wraparound Loans | |
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| No Money Down | |
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| Short-Sale Financing | |
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| Adjustable Rate Mortgages | |
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| In the Arena | |
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| Building a Team | |
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| Brokers, Agents, and Multiple Listing Systems | |
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| Listing Agreements | |
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| Exclusive Versus Non-exclusive | |
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| Buyer Listings | |
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| Multiple Listing Systems (MLS) | |
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| Fee Splitting | |
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| Being a Customer | |
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| Dual Agency and No Agency | |
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| Disclosure | |
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| Should You Be a Broker or Agent? | |
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| How to Find the Right Property | |
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| Finding Growth Corridors | |
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| Finding the Right Neighborhood | |
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| General Condition | |
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| Forms of Ownership | |
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| Configuration | |
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| Sellers | |
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| Pricing, Rents, and Financing | |
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| Negative Cash Flow in Perspective | |
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| How to Bargain Like a Pro | |
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| Starting Out: Entry-Level Strategies | |
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| How to Raise a Down Payment | |
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| Raising Extra Income with Boarders, Mingles Units, and Accessory Apartments | |
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| Sweat Equity: Making Use of Time on Your Hands | |
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| State Programs | |
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| Mortgage Credit Certificate (MCC) Programs | |
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| Rolling Over with Little Risk | |
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| Buying Up and Renting Out | |
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| Getting Started with Multiple Units | |
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| Buying with Others: Partnerships | |
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| Equity Sharing | |
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| Converting Assets | |
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| Redefining Rentals | |
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| Creating Extra Rental Units | |
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| Creating New Uses | |
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| Converting Ownership | |
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| Buying Small and Expanding | |
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| Flipping Contracts | |
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| Options, Leases, and Profits | |
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| Subdividing Land | |
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| Profits from Real Estate Finance | |
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| Exchanges | |
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| Foreclosures and REOs | |
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| How to Get the Best Sale Prices | |
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| Rental Properties | |
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| Finding the Right Tenant | |
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| How to Create High-Profit Leases | |
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| Should You Hire a Manager? | |
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| Dealing with Rent Control | |
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| Additional Information | |
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| The Language of Investment | |
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| How to Create Winning Loan Applications | |
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| Real Estate and Taxes | |
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| Rates | |
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| Inflation | |
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| Interest | |
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| Property Taxes | |
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| Maintenance Expenses | |
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| Capital Improvements | |
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| Points Paid by the Buyer | |
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| Points Paid by the Seller | |
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| Passive Income | |
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| Passive Loss Limitations | |
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| Depreciation | |
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| Capital Gains | |
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| Second Homes | |
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| Rehabilitation Credits | |
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| Low-Income Properties | |
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| At-Risk Rules--Investor Beware | |
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| Alternative Minimum Tax (ATM) | |
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| Over-55 Rule | |
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| Moving | |
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| Installment Sales | |
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| Rollover Residence-Replacement Rule | |
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| Casualty Losses | |
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| Home Office | |
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| Dealers | |
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| The Bottom Line | |
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| Index | |