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There's a reason rich people worldwide buy rental real estate - it works! At some point, everyone will need a place to stay, and contrary to popular belief, it doesn'trequire a ton of cash or secret connections to get in the game! However, it is a complex game, and if you make a bad decision, it can cost you a hundred thousanddollars or more, waste all your efforts, and ruin your credit - Don't go it alone! Learn from my 15 years of experience where I turned my initial $12,300 investment into$1.7 million.In this book you will learn: - The fastest way to save for your first down payment- What it takes to buy an income property and what the bank will want from- you- Different types of financing including low and no money down- Mortgages and the Mortgage process- How to locate a good property, in a good area, and buy on value, not price- How to steer clear of Building Construction Pitfalls with over 250 color- photos and diagrams- Property Insurance and Property Taxes- Deeds and Title Insurance- Calculating your return on investment (ROI)- How to make a calculated offer- Closing on your new Rental Property- What to do after you close on (buy) your Rental Property- Repairing and Renovating for Increased Profits- How to List and Show your Rental Property- How to find and keep good tenants- Tenant screening Red Flags- Leases- Maintenance- Preparing for your next property- The Huge Tax Benefits of Rental Properties- The magic of Forced Appreciation- Cash out refinancing to get your reno money back or buy another property- Some of my personal experiences with tenants so you can get a true idea of- What it's like to be a landlord and whether it's right for you or not
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