Rental Property Investing 2 Books In 1 Learn Simple Buying & Selling Strategies In Real Estate, Become Debt Free And Personal Finance
()
About this ebook
This book will prepare you for all the expected and unexpected twists and turns of rental property investments. You will be equipped enough to get down to business and create a healthy and stable cash flow. More and more people are turning toward rental property investments as a monetary safety net for their future and retirement. Having a stable passive income gives you the freedom to do the things you love, and that's the kind of freedom we have helped you find.
Many times, you want to just quit your job and start afresh with something new, but passion does not pay bills, but a healthy source of passive income, on the other hand, does. If you implement everything you will learn that you should have enough knowledge to get started on buying real estate properties that generate rental income.
We have outlined all the information you could need to confidently speak to lenders, find properties that will offer the best value and how to stay in the driving seat at all times. From this point onward, you just need to stay on track and follow the footsteps of those who have successfully created thousands of dollars in positive cash flow through rental property investments.
You have the information; you just need a plan now. Keep this book handy at all times and give each relevant chapter a read before you jump into the decision making process. The more you read through the information, the more sense it'll make. Know that each journey is different, and while this book has empowered you, it can only take you so far. You hold the reins to your success now… you just need to ride through it! Do you owe too much money? Are your debts crushing your spirit, embarrassing you, and stressing you out? You're not alone. The good news is that you can fix that. And this book will show you how.
The debt trap is a serious problem. Who is in her, has a real problem. But most people react like rabbits to snakes: they just stand there paralyzed and do nothing until they are eaten. Keep a clear head and always tell yourself:
There is nothing that can not be solved. You have to get out of your own rigidity and tackle the problem before it eats you.
As usual in life, every problem also offers a chance to do better.
You just have to analyze it clearly. When I have a mountain of debt, I have to part with things and habits that have become dear. Of course, it is difficult for those who have always sat only at the fleshpots, now only to be allowed to spoon the soup. But this is the way out of the debt trap, and you want to get out of it.
You're about to learn time-tested strategies for winning your battles with debt. And I'm also going to share with you some strategies for increasing your income, as well as some important precautions you can take to minimize the risk of unforeseen events ruining your plans.
Robert Anderson
ROBERT ANDERSON is also the author of Little Fugue. He lives in New York City and teaches writing at the Nationwide Institute in Flushing, Queens.
Read more from Robert Anderson
Financial Budgeting Learn How To Manage Your Money, Spending, Savings, Credit Card Debt And Strategies To Increase Your Wealth Rating: 5 out of 5 stars5/5Forgotten Truths Rating: 0 out of 5 stars0 ratingsMisunderstood Texts of The New Testament Rating: 0 out of 5 stars0 ratingsThe Bible and Modern Criticism Rating: 0 out of 5 stars0 ratingsFrom Folk Art to Modern Design in Ceramics: Ethnographic Adventures in Denmark and Mexico 1975-1978 Updated 2010 Rating: 0 out of 5 stars0 ratingsMediterranean Diet For Beginners: Easy And Delicious Mediterranean Meal Prep Recipes For Weight Loss And Healthy Living Rating: 0 out of 5 stars0 ratingsUnfulfilled Prophecy And Forgotten Truths: Two Books Rating: 0 out of 5 stars0 ratingsDaniel: Signs and Wonders Rating: 0 out of 5 stars0 ratingsMoney Management & Financial Budgeting 2 Books In 1: A Beginners Guide On Managing Bad Credit, Debt, Savings And Personal Finance Rating: 0 out of 5 stars0 ratingsRental Property Investing Real Estate Strategies Made Simple, Investing, Passive Income And Creating Wealth Rating: 0 out of 5 stars0 ratingsThe Bible and Modern Criticism (Barnes & Noble Digital Library) Rating: 0 out of 5 stars0 ratingsLonnie Lemur Explores Madagascar: Travel To Nowhere In Particular In A Roundabout Way Rating: 0 out of 5 stars0 ratings
Related to Rental Property Investing 2 Books In 1 Learn Simple Buying & Selling Strategies In Real Estate, Become Debt Free And Personal Finance
Related ebooks
How to Make It When You're Cash Poor (Review and Analysis of Norton's Book) Rating: 0 out of 5 stars0 ratingsRental Property Investing Real Estate Strategies Made Simple, Investing, Passive Income And Creating Wealth Rating: 0 out of 5 stars0 ratingsReal Estate Investing with Lease Options - Investing in Real Estate with No Money Down: Real Estate Investing, #2 Rating: 0 out of 5 stars0 ratingsA Beginners Guide to Real Estate Investing Rating: 0 out of 5 stars0 ratingsIt's Raining Rent How to Make Money Purchasing and Renting Properties Rating: 0 out of 5 stars0 ratingsBuilding Income in Real Estate WIthout Money Rating: 0 out of 5 stars0 ratingsYour Little Book of Real Estate Investment: From Direct Investment to Real Estate Stocks and Crowdfunding Rating: 0 out of 5 stars0 ratingsThe Ultimate Beginners Guide to Wholesale Real Estate Investing: Real Estate Investing, #6 Rating: 0 out of 5 stars0 ratingsHow to Wholesale Real Estate: How to Get Started Investing in Real Estate with No Money Down and Massive Profits with Wholesaling Rating: 0 out of 5 stars0 ratingsThe 98 Best Real Estate Investing Strategies: Real Estate Investing, #5 Rating: 0 out of 5 stars0 ratingsUnlimited Riches (Review and Analysis of Shemin's Book) Rating: 0 out of 5 stars0 ratingsIndustrial Income Rating: 0 out of 5 stars0 ratingsThe Short Book of Being an Investor not a Speculator: How to achieve a fair return from investment markets Rating: 0 out of 5 stars0 ratingsReal Estate Community Digital Guide Book 1st Edition Rating: 0 out of 5 stars0 ratingsFlipping Houses When You're Dead Broke Rating: 0 out of 5 stars0 ratingsSell It By Owner and Save II Rating: 0 out of 5 stars0 ratings106 Mortgage Secrets All Borrowers Must Learn -- But Lenders Don't Tell Rating: 0 out of 5 stars0 ratingsHow to Fix and Flip Easy to Read Book Rating: 3 out of 5 stars3/5Don't Rollover: Crypto Hacks for an Early Retirement Rating: 0 out of 5 stars0 ratingsHow to Invest in Real Estate With Your IRA and 401K & Pay Little or No Taxes Rating: 0 out of 5 stars0 ratingsThe Property Investing Formula: Millionaire Property Strategies for the Everyday Investor Rating: 0 out of 5 stars0 ratingsHouse Flipping Unleashed: The Ultimate Blueprint for Real Estate Wealth Rating: 0 out of 5 stars0 ratingsThe Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate -- Before the Public Auction Rating: 0 out of 5 stars0 ratingsReal Estate Phrases Rating: 1 out of 5 stars1/5The REAL Perspective: Secret Investments Your Financial Advisor Won't Tell You About Rating: 0 out of 5 stars0 ratings
Investments & Securities For You
Stock Investing For Dummies Rating: 5 out of 5 stars5/5Day Trading For Dummies Rating: 3 out of 5 stars3/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Girls That Invest: Your Guide to Financial Independence through Shares and Stocks Rating: 5 out of 5 stars5/5Don't Start a Side Hustle!: Work Less, Earn More, and Live Free Rating: 5 out of 5 stars5/5How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition Rating: 5 out of 5 stars5/5Principles: Life and Work Rating: 4 out of 5 stars4/5Options Trading Crash Course: The #1 Beginner's Guide to Make Money with Trading Options in 7 Days or Less! Rating: 5 out of 5 stars5/5Just Keep Buying: Proven ways to save money and build your wealth Rating: 5 out of 5 stars5/5Stock Market Investing for Beginners & Dummies Rating: 5 out of 5 stars5/5A Beginner's Guide To Day Trading Online 2nd Edition Rating: 4 out of 5 stars4/5The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns Rating: 4 out of 5 stars4/5ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years Rating: 5 out of 5 stars5/5Small and Mighty Real Estate Investor: How to Reach Financial Freedom with Fewer Rental Properties Rating: 0 out of 5 stars0 ratingsHow to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started Rating: 5 out of 5 stars5/5Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple Rating: 5 out of 5 stars5/5
Reviews for Rental Property Investing 2 Books In 1 Learn Simple Buying & Selling Strategies In Real Estate, Become Debt Free And Personal Finance
0 ratings0 reviews
Book preview
Rental Property Investing 2 Books In 1 Learn Simple Buying & Selling Strategies In Real Estate, Become Debt Free And Personal Finance - Robert Anderson
© Copyright 2019 Robert Anderson- All rights reserved.
In no way is it legal to reproduce, duplicate, or transmit any part of this document in either electronic means or in printed format. Recording of this publication is strictly prohibited and any storage of this document is not allowed unless with written permission from the publisher. All rights reserved.
The information provided herein is stated to be truthful and consistent, in that any liability, in terms of inattention or otherwise, by any usage or abuse of any policies, processes, or directions contained within is the solitary and utter responsibility of the recipient reader. Under no circumstances will any legal responsibility or blame be held against the publisher for any reparation, damages, or monetary loss due to the information herein, either directly or indirectly.
Respective authors own all copyrights not held by the publisher.
Legal Notice:
This book is copyright protected. This is only for personal use. You cannot amend, distribute, sell, use, quote or paraphrase any part or the content within this book without the consent of the author or copyright owner. Legal action will be pursued if this is breached.
Disclaimer Notice:
Please note the information contained within this document is for educational and entertainment purposes only. Every attempt has been made to provide accurate, up to date and reliable complete information. No warranties of any kind are expressed or implied. Readers acknowledge that the author is not engaging in the rendering of legal, financial, medical or professional advice.
By reading this document, the reader agrees that under no circumstances are we responsible for any losses, direct or indirect, which are incurred as a result of the use of information contained within this document, including, but not limited to, —errors, omissions, or inaccuracies.
Introduction
In this book, you will learn everything there is to know about rental property investing. You will learn if rental property investing is a good option for you, the steps to buying your first property, different things you must consider while buying a rental property, how to analyze the property, raising funds to buy your first rental property, how to manage the property, and much more. Rental property investing is a great way to generate additional income or even passive income. Regardless of your reason for investing, you must understand all the different aspects involved in investing if you want to be profitable.
So, if you are ready to step into the world of rental property investing, let us get started without further ado!
Chapter 1: Why Rental Real Estate Investing?
Before we start discussing the various procedures you need to work through as you seek to make your first real estate investment in rental properties, the first thing we need to do is evaluate why you should venture into rental real estate investing in the first place (or real estate investing in general).
Here Is Why Investing In Rental Real Estate Is the Best
It is highly probable that when you think of investing in real estate, the first thought that pops into your mind is that of owning your home. Yes, buying a home in which to live is a form of investing in real estate because you are actually buying a house.
However, if your intention is to create a real estate empire, one that is profitable enough to generate passive income month after month, you need to look beyond owning your own home; you need to look at how you can create a diversified property portfolio, which is where investing in rental real estate comes in.
The term rental real estate encompasses any real estate property you may purchase or own with the intent to generate income from it. Rental real estate can be in the form of single-family homes, apartment buildings, commercial real estate, residential properties, and all other forms of properties you may buy with the intent of earning an income from leasing out the property.
Investing in rental real estate has a number of benefits that we cannot overlook. The most poignant of these benefits are as follows:
Control
When you invest in rental real estate or income generating real estate, you accrue a tangible asset that generates income one month after the other; this is assuming you have done your due diligence and bought an ideally situated rental property that attracts renters. This gives you more control in the following sense:
First, by owning rental real estate, you become your own boss and depending on the size of your real estate portfolio, you can quit your 9-5 job and take on the role of managing your rental real estate portfolio—you can even hire a firm to do that and simply just spend your time as you want.
The second level of control is that like most investment vehicles, rental real estate places you in the driver’s seat of your financial life. This in the sense that by choosing to venture into this business model, you are free to choose the rental properties you invest in depending on the kinds of tenants you would like to have and the amount of income you would like to generate from your rental properties.
Leveraging
Investing in real estate in general but in rental real estate in particular is a great investment option because it allows you to use the principle of leverage to grow your real estate business and to ensure that your real estate properties appreciate. Here is what that means:
In most cases, when you are purchasing rental real estate, you will put up a small portion of the buying price, a down payment, and then borrow the rest from a financier such as a bank or any other lender with whom you have good credit; we call this leverage. Leverage has tons of benefits—as long as you do not over-leverage.
Take an example where you intend to buy a rental property worth $150,000 and out of this, you only have $50,000 and intend to borrow the rest. By leveraging the power of a financier, you can combine your equity with money loaned to you by your lender (bank, investor, etc.) and using that, purchase a real estate property you would have otherwise been unable to purchase using just your money.
This is a great way to grow your real estate business because the value of the asset appreciates generally instead of just your tangible investment. In the example given above, if the real estate property you end up purchasing appreciates at a rate of 5% P.A., the growth rate will apply to the entire $150,000 and not just the $50,000 you put up. This very powerful tool can help you create and grow a rental real estate empire in a substantially short amount of time.
Rental Income
The aim behind investing in rental real estate is to generate passive income, an income that does not require a substantial amount of active input. Rental real estate does this fantastically.
Rental properties earn income in the following sense: you take what your tenants pay you, you subtract expenses such as mortgage, maintenance, and repairs, and whatever remains is your passive income. Take an example where you own a rental property whose tenant pays $5000. Out of that, you pay a mortgage of $3000 and a monthly maintenance cost of $500. The remaining $1500 is essentially money going into your pocket—overlooking other factors such as vacancies and the likes.
Diversification
Any well-informed investor will tell you that diversification is the secret to investing; the more you diversify your investment portfolio, the more you spread out your risk.
Investing in real estate is a great way to diversify your investment portfolio because in addition to being a proven income-generating investment vehicle, you can also diversify your rental holdings by buying rental properties in different markets, locations, targeted at different market segments, etc.
For instance,