Multifamily real estate investing can turn anyone into a multimillionaire-but only if you buy the right deals, achieve the right cash flow, and run your business the right way! In this groundbreaking first volume of The Multifamily Millionaire series , experienced real estate investors Brandon Turner (cohost of The BiggerPockets Podcast and author of The Book on Rental Property Investing) and Brian Murray (author of Crushing It in Apartments and Commercial Real Estate) share the exact, step-by-step blueprint you need to get started with small multifamily real estate. No matter how much cash or experience you currently have, this book will take you on a journey through buying your first multifamily investment property and give you a framework for turning that single investment into long-term financial freedom. Millionaires are created every day. Isn't it time you joined their ranks? It won't happen overnight and it won't always be easy, but The Multifamily Millionaire series will make sure it happens sooner than you ever thought possible! Inside this book, you'll discover:- How to create a million-dollar net worth in five years using The Stack method- The seven different types of small multifamily real estate and which make the best rental properties- How to quickly and accurately analyze your multifamily investment property, whether it has two units or twenty - Three creative no- and low-money-down strategies that work in any market- A game-changing algorithm for estimating your ongoing repair and reserve expenses- The powerful Multifamily Millionaire Method, which shows you how to create a million dollars in net worth from one single deal- Six off-market acquisition strategies to help you land incredible deals, even in a competitive market- How the BRRRR strategy can help you supercharge your small multifamily portfolio- Detailed instructions for managing your growing portfolio (hint: five-star tenants!)- And so much more
Follow a proven path to greater wealth–with the newly updated bestseller How to Buy and Sell Apartment Buildings Through his popular seminar program, Eugene Vollucci has shown thousands of experienced real estate investors and novices alike how to take advantage of one of the most rewarding investments you can find–apartment buildings. In this bestselling guide, the Volluccis’ simple, step-by-step program shows you how to become a real estate millionaire just like they did. With material on new IRS rulings, tips on avoiding common pitfalls, and new advice on assuming loans with delinquent clauses, How to Buy and Sell Apartment Buildings is more comprehensive and complete than ever. This Second Edition includes all the information that you need to find great real estate deals, understand complicated leases and contracts, exploit all the tax breaks you’re entitled to, protect your assets, and turn a small investment into millions! With the Volluccis’ straightforward, three-step system, you’ll be able to: Gauge markets so you know when to buy or sell Read between the lines of property set-up sheets to spot good properties Use the latest computer software to accurately evaluate properties Develop a marketing plan to maximize profits when selling Take advantage of all the recent tax law changes Put together an asset protection plan that’ll make you judgment-proof How to Buy and Sell Apartment Buildings, Second Edition also shows you how to concentrate your assets for higher returns, use consultants so you aren’t left on your own, set up a family living partnership to protect your assets, and much more.
In the late 1960s, African American protests and Black Power demonstrations in California’s Santa Clara County—including what’s now called Silicon Valley—took many observers by surprise. After all, as far back as the 1890s, the California constitution had legally abolished most forms of racial discrimination, and subsequent legal reform had surely taken care of the rest. White Americans might even have wondered where the black activists in the late sixties were coming from—because, beginning with the writings of Fredrick Jackson Turner, the most influential histories of the American West simply left out African Americans or, later, portrayed them as a passive and insignificant presence. Uninvited Neighbors puts black people back into the picture and dispels cherished myths about California’s racial history. Reaching from the Spanish era to the valley’s emergence as a center of the high-tech industry, this is the first comprehensive history of the African American experience in the Santa Clara Valley. Author Herbert G. Ruffin II’s study presents the black experience in a new way, with a focus on how, despite their smaller numbers and obscure presence, African Americans in the South Bay forged communities that had a regional and national impact disproportionate to their population. As the region industrialized and spawned suburbs during and after World War II, its black citizens built institutions such as churches, social clubs, and civil rights organizations and challenged socioeconomic restrictions. Ruffin explores the quest of the area’s black people for the postwar American Dream. The book also addresses the scattering of the black community during the region’s late yet rapid urban growth after 1950, which led to the creation of several distinct black suburban communities clustered in metropolitan San Jose. Ruffin treats people of color as agents of their own development and survival in a region that was always multiracial and where slavery and Jim Crow did not predominate, but where the white embrace of racial justice and equality was often insincere. The result offers a new view of the intersection of African American history and the history of the American West.
In Everyday Desistance, Laura Abrams and Diane J. Terry examine the lives of young people who spent considerable time in and out of correctional institutions as adolescents. These formerly incarcerated youth often struggle with the onset of adult responsibilities at a much earlier age than their more privileged counterparts. In the context of urban Los Angeles, with a large-scale gang culture and diminished employment prospects, further involvement in crime appears almost inevitable. Yet, as Abrams and Terry point out, these formerly imprisoned youth are often quite resilient and can be successful at creating lives for themselves after months or even years of living in institutions run by the juvenile justice system. This book narrates the day-to-day experiences of these young men and women, focusing on their attempts to surmount the challenges of adulthood, resisting a return to criminal activity, and formulating long-term goals for a secure adult future.
The Real Estate Investor's Handbook is a must-have for beginning investors, real estate veterans, commercial brokers, sellers, and buyers. Real estate investing has created more millionaires than any other investment vehicle in this country. This comprehensive step-by-step proven program shows beginners and seasoned veterans alike the ins and outs of real estate investing. This book is a road map to successful investing in real estate. You do not need to re-invent the wheel, and you won't have to make the same mistakes others have. Investing in real estate is one of the safest and smartest investments you can make. Real estate appreciates at a rate far greater than the rate of inflation, builds equity, provides a steady return on investment, provides cash flow, and can offer substantial tax benefits. This handbook is the resource for novices and pros alike; it will guide you through every step of the process of real estate investing. This new exhaustively researched book will arm you with hundreds of innovative ideas that you can put to use right away. This book gives you the proven strategies and actual case studies from experts to help you invest better and wiser with less time and effort. A sampling of what's covered in this encyclopedic book includes: how to find below-market deals, investing with little or no down payment, seller financing, foreclosures and REOs, investment property, negotiating, purchase offers, managing rental property, flipping, auctions, tax sales, financing, mortgage terms, agents, cash flow, inspections, contracts, tenants, lease agreements, insurance, taxes and accounting, escrow, essential mathematical calculations, sample forms, development, taxation, exchange rules, and regulations. This book is loaded with case studies and success stories from real people. You will uncover secrets that expert real estate investors use every day. This comprehensive resource contains a wealth of modern tips and strategies for getting started in this very lucrative area. This book is the foundation for understanding how to invest in real estate. Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company presidentâe(tm)s garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice. Every book has resources, contact information, and web sites of the products or companies discussed.
Answers to your real estate questions to help you think, act, and invest like a millionaire In their national bestseller Weekend Millionaire's Secrets to Investing in Real Estate, Mike Summey and Roger Dawson introduced a powerful formula for making a killing in real estate in your spare time. The Weekend Millionaire Real Estate FAQ provides in-depth answers to the most frequently asked questions submitted by Mike and Roger's students. You also get advice on how to use their extremely popular Web site weekendmillionaire.com, as well as more of the proven strategies, tools, and techniques you need to: Research great investment properties Structure offers, and get them accepted Manage, maintain, and increase property value Convert home equity into retirement income The Weekend Millionaires have the answers to your real estate questions, including: How long should I wait before I quit my job and invest in real estate full time? Do you recommend 15-year or 30-year mortgages? Should the utilities be in my name, the management company’s, or the tenant’s? Do abandoned properties make good purchases for investors? What is a direct principal reduction loan? Is it really possible to buy properties when I have no money to put down? What services should I expect from a CPA?
Housing policy not only aff ects all Americans' quality of life, but has a direct impact on their fi nancial well being. About 70 percent of American households own their own homes, and for most, their homes represent the majority of their net worth. Renters are aff ected by housing policy. Even the small minority of Americans who are homeless are aff ected by housing policies specifi cally targeted to low-income individuals.The government's increasing involvement in housing markets, fed by popular demand that government "do something" to address real problems of mortgage defaults and loans, provides good reason to take a new look at the public sector in housing markets. Crises in prime mortgage lending may lower the cost of housing, but the poor and homeless cannot benefi t because of increases in unemployment. Even the private market is heavily regulated. Government policies dictate whether people can build new housing on their land, what type of housing they can build, the terms allowed in rental contracts, and much more.This volume considers the eff ects of government housing policies and what can be done to make them work better. It shows that many problems are the result of government rules and regulations. Even in a time of foreclosures, the market can still do a crucial a job of allocating resources, just as it does in other markets. Consequently, the appropriate policy response may well be to signifi cantly reduce, not increase, government presence in housing markets. Housing America is a courageous and comprehensive eff ort to examine housing policies in the United States and to show how such policies aff ect the housing market.