PDF or EBOOK (The Book on Rental Property Investing) BY Brandon Turner
Re Check out Biggerpocketscom if you are interested in this industry there is a great community of like minded individuals and useful anecdotes to further help you on your uest to becoming a successful real state investorInterested in buying the book I got it here I ve read through a few real The Trust estate books but none have come anywhere near close to this one This is my go to guide for Rental Property Investing It is a comprehensive guide featuring in depth discussion and clear concise an honest rarity for this genrexamples on searching for properties funding them screening tenants managing tenants and A Scandalous Regency Christmas everything in between I have learned so much from biggerpocketscom they are the realstate authority in my opinion the Facebook of Real Estate investing and this book has The Return enhanced my knowledge and growingxpertise Another huge selling point is that Brandon is absolutely hilarious It is very difficult to translate comedy into writing but he has incredible comedic timing and is genuinely funny his style of writing made learning about tax laws technical terms rehabbing tc so much fun This is a book that I look forward to rereading again and again It seemed to focus primarily on multifamily residential properties on the smaller side 2 24 units but a lot of it is still very applicable to larger properties tooHIGHLY RECOMMENDED to newbies interested in this RE niche It would also serve as a spectacular checklist for people with xperience and likely provide a few tricks and strategies to implement or refine First real Prince Hafizs Only Vice estate book read after owning a rental propertyGreat book Well worth the price I think I have been lucky so far with my rental property but will seriously reevaluate my lease with my tenants once up Great direction for landlord securities and I will be joining the bigger pocket forums now and listening to the podcasts Good book for the beginner VeryncouragingLot s of references to the websiteCould be condensed to half the size without the fluff but overall has the potential to be very useful for those looking for a real way to step into real Aristotle and Poetic Justice estate investing The book is amazing and the author coversxactly what the title implies Everything I would recommend it without a second thought The book can be summarized as followsCHAPTER 1 WHY I LOVE RENTAL PROPERTIESWhy Rental Properties1 Ability to purchase with leverage2 Ability to hustle for greater returns3 Ability to manage investment directly4 People always need a place to live5 It has worked for millions of people before6 Fairly stable and predictable7 Incredible variety8 Simple and straightforward Just learn the strategies9 You can buy below market value10 Insider trader is legal11 Not having to be present to make money12 Unlike house flipping which takes advantage of only forced appreciation with rental properties you can capitalize on all four of real state s major profit sources the four wealth generator which are 1 Appreciation which could be natural or forced The problem with relying on appreciation is what happened in 2007 There is no denying the incredible role appreciation has played in investor s lives but there is also no denying the risk involved in relying on appreciation to make a profit specially when the market is appreciating like crazy 2 Cash flow 3 Tax savings 4 Loan paydown You can automate part of your wealth building by simply obtaining a loan on your rental property and using the income from your tenants to pay that loan down Bachelors and Bunnies: The Sexual Politics of Playboy each andvery month Downsides of Rental Property Investing1 Building wealth takes time2 It can be all consuming3 You have to deal with difficult people4 It involves paperwork and bookkeeping5 You can lose your investmentHow Much Money Does One Need to Invest in Rental Properties In simple terms Cyberwar: The Next Threat to National Security What to Do About It enough to cover your down payment and reservesYou can use leverage loan for your down payment However the leverage you use the greater the risk you may be taking So think How secure you are instead of What is the percentage of leverageReserves Do NOT forget cash reserves to cover any problems you might face The author recommends starting with six months ofxpenses for ach unit you haveTo uit or not to uit1 Rental properties build wealth slowly so uitting your job soon through rental properties will be tough2 Real state investing can be a job or an investment Which do you want House flipping and real Battleground Chicago: The Police and the 1968 Democratic National Convention estate wholesaling are jobs Owning rentals is an investment 3 Even if you can uit should you If you do so you lose compound interest andxponential growth which means the arned money is reinvested again in assets You will live off and lose the second wealth generator cash flow However there are two ways to live off your cash flow there are two ways 1 The cash flow per door method In simple words after all the bills are paid ach month how much money is left over per unit And how many units you need to survive 2 The return on investment method You look at the return on investment and the annual cash flow you want to retire with to know the amount of cash you should invest Use the following simple formula Annual Cash Flow Interest Rate Cash InvestedCHAPTER 2 THE FIVE KEYS TO RENTAL PROPERTY SUCCESSThink Study and learn Pick the right plan Acuire assets Manage themCHAPTER 3 FOUR SAMPLE PLANSThe author discussed four strategies to build wealth through rental properties CHAPTER 4 THE TEN MEMBERS OF YOUR REAL ESTATE TEAM1 Spouse2 MentorAccountability Partner Your mentor should be your friend not a paid coach3 Real Estate Agent They will help you with the listed properties not the for sale by owner properties Most real state agents are terrible and Will Not Help You not help you a relationship with a great agent Never rely on an agent to make decisions for you 4 Lenders5 Contractors and Handymen6 Bookkeeper7 CPA Certified public accountant8 Lawyer9 Insurance Agent10 Property ManagerCHAPTER 5 ANALYZING A RENTAL PROPERTYYou need to understand the numbers and do the math Never let anyone lse do it for you The two most important factors when analyzing a rental property are 1 Appreciation It is the uity gained as the property value increases 2 Cash flowBefore You Analyze a Rental Property you need to know 1 Cash Flow1 Calculating Income2 Calculating Expenses which "Include Mortgage Taxes Insurance Flood "Mortgage taxes insurance flood if needed water sewer
GARBAGE GAS ELECTRICITY HOA HOME OWNER gas lectricity HOA home owner association fees if applicable snow removal lawn careThe following four Cruise Control expenses are difficult to calculate and thus we need to look at those numbers as percentages and translate those percentages into dollar amounts Vacancy Know the typical vacancy rate Let s say it is 5% and the property rents for 1000 per month you simply multiply 1000 by 005 to get 50 This is the amount you will want to include for your vacancyxpense ach month Repairs The author assumes repairs to cost around 5% to 15% yearlyCapEx Estimate how many years the xpensive big ticket items will last and how much they will cost and then divide these out by the number of years CapEx is almost the same for cheap and City Limits expensive properties What this means is that CapEx is much greater percentage of the income the lower the property value Property management Cash on cash return on investment CoCROIIt is a simple metric that tells us what kind of yield our money is making us based only on the cash flow ignoring appreciation tax benefits and the loan pay downCoCROI Total Annual Cash Flow Total Investment Two Rules of Thumb That Might Help The following rules are not strictly accurate1 The 50% rule A rental property sxpenses tend to be about 50% of the income not including the mortgage PI payment Cash Flow Total Income x 05 Mortgage PI2 The 2% rule It is simply the ratio between rental income and purchase price Meeting the 2% rule means that a property s monthly rental income must ual 2% of the purchase price or greater Monthly Rental Income Purchase Price XHowever the percentage 2% is not fixed and it depends upon several factorsSteps to Analyze a Property Step One Figure Out Total Project Cost1 Purchase Price2 Purchase Closing Costs Included might be loan points loan origination fees prepaid insurance prepaid property taxes title and scrow fees recording fees attorney charges and other fees custom to your area 3 Pre Rent Holding Costs These costs will likely be the mortgage taxes insurance and utilities 4 Estimated Repairs Step Two Figure Out The Financing and Total Cost Out of Pocket We need to determine how much the financing on this property will cost us ach month The down payment percentage is based on the purchase price alone It will not cover the closing costs pre rent holding costs or the repairs Total Project Cost Loan Amount Total Cash Needed Step Three Calculate the Monthly Mortgage PaymentUse a mortgage calculator You need three numbers1 Loan amount2 Loan period length3 Interest rate Step Four Determine Total Income Step Five Determine Total Expenses Step Six Evaluate the DealNow we have all the numbers we need We will determine the cash flow and the CoCROI it represents However take into consideration that this CoCROI does not take into account the fact that the loan is being paid down ach month that the home has some incredible uity build in since we did a slight rehab on it and that there may be other tax benefits to go with it or that would at least minimize the tax we would need to pay on the property CHAPTER 6 INVESTING WHILE LIVING IN AN EXPENSIVE AREAWhen you compare two deals together take into consideration the price relativity purchase price vs rental income Long Distance Rental Property InvestingIt is difficult if not done correctly The following three strategies will help in this regard1 DIY Do It Yourself The author does not recommend this strategy to new investors2 Using a Long Distance Partner3 Turnkey Investing It is a loosely defined investment strategy in which the investor buys rehabs and has a property managed through a third party usually from a long distance away CHAPTER 7 TYPES OF RENTAL PROPERTIESThe author discusses the different types of rental properties CHAPTER 8 LOCATION LOCATION LOCATION Properties and neighborhoods are classified into A B C and D because of their location which is affected by Crime drugs schools jobs vs unemployment population growth housing starts and building permits transportation proximity to local businesses price to rent ratio vacancy rates and property tax and insurance ratesCHAPTER 9 HOW TO FIND RENTAL PROPERTIESThere are ight different ways you can find investment properties1 The MLS or Multiple Listing Service It is the collection of all homes listed for sale by real state agents in your area The author s top ten list for getting a great deal on the MLS2 Direct mail marketing for deals Direct mail is the act of sending out a large number of targeted letters or postcards to peo. Urner―active real state investor bestselling author and co host of the BiggerPockets Podcast―has one goal in mind to help you find success and avoid the junk that pulls down so many wannabes New and xperienced investors alike will learn how to build an achievable plan find incredible deals analyze properties build a team finance rentals and much ―everything you need to become a millionaire rental property investorInside you’ll. This book is a great investment for your real state journey I give 5 starsThis book highlights all the issues we face owning a rental property and surprisingly I was able to match all the problems we Baroque Personae ever faced owning a small multi complex building with the ones mentioned in the book We never knew these were fairly common in the realstate world and luckily the book also guides you through solving most of these issues Additionally this book is full of precious content including analyzing a rental property process of financing one house flipping managing tenants and several other topicsAfter reading the Democratic Art entire book I wasuipped with the necessary tools to fix the system for our small multi complex building Audiobook review I loved that this book was basic but in depth perfect for beginners The audiobook was great Brandon was the perfect narrator but I would like to get a hard copy in the future because there s tons of lists math Did the Greeks Believe in Their Myths? etc One of life s most painful moments comes when we must admit that we didn t do our homework that we are not prepared Investing in realstate is something I have always wanted to do I knew from an arly age that I did not want to spend my life paying someone lse s mortgage in the form of rent and was adamant that I could achieve than simply finding a family home to settle down in and wait until retirementI am a competitive person by nature but I get incredibly frustrated when I feel that I am underperforming or underachieving While Codependent Forevermore: The Invention of Self in a Twelve Step Group eager to get on the property ladder I amven Conscience and Memory: Meditations in a Museum of the Holocaust eager to do well once I become a realstate investor Choosing this book is one of the greatest things I could have done on my journey to become a successful real Conscience and Memory estate investorThis book will act as your comprehensive guide to approaching realstate investing providing you with in depth discussion and clear concise Pansy Vol. 6 examples on searching for properties funding them screening tenants managing tenants andverything in betweenFor those of you like myself with zero Edible Memory: The Lure of Heirloom Tomatoes and Other Forgotten Foods experience looking touip yourselves with the tools to get started this book will give you Elizabeth I everything you need I already feel knowledgeable on the steps involved in becoming a successful realstate investorChapter 1 Why I Love Rental PropertiesI often swing between being really Education in a New Society excited about an investment to thinking it must be too good to be true but at thend of the day investing in anything will always be about two main things value and cash flow This chapter will help you get a clear understanding of what to look for in a potential property for it to be a good dealChapter 2 The 5 Keys to Rental Property SuccessMost people myself included initially look at real Education in a New Society: Renewing the Sociology of Education estate because they think it will beasy cash Rent coming into the bank account ach month without having to lift a finger passive income arly retirement The Baby Swap Miracle etc While this is true to a degree it s just not thatasy you need to plan your deals down to the finest detail for it to workThis chapter will xplain to you how your mindset will need to be before you attempt to purchase a property and go through the integral parts of a successful planChapter 3 Four Sample PlansHonestly this was my favourite chapter of the book The guides and the theory is all great but it needs to be practical and relatable to real life situations If you want to do well in real state investing you better make sure you know at least basic accounting and if you re not good with numbers you better get good because very detail matters and if you aren t making the right projections a good deal can turn into a terrible deal very uicklyThese plans give a vivid description of how to accurately project whether or not a deal can be successfulChapter 4 The 10 Members of Your Real Estate TeamYou might think this real state thing is dead asy and you can do it all yourself once the details make sense No Like any successful business and this will be a business you need to hire the best possible mployees in order to cash flow and achieve a solid bottom lineI don t mean actual staff but you will need to surround yourself with people who understand the industry and can assist you in navigating through the process successfullyChapter 5 Analysing a Rental PropertyThe I read through this book the I realised how little I actually knew about how to be a successful real Excommunication: Three Inquiries in Media and Mediation estate investor I knew nothingThis chapter will go through in immense detailxactly how to analyse a potential property It is not simply mortgage payments vs rental income there are so many details that a novice just wouldn t Gender Justice even begin to think ofChapter 6 Investing While Living in an Expensive AreaThis will be so relatable to many of you reading this We all know howxpensive it is living and Generations and Collective Memory especially renting in Dublin This does NOT mean you need to head down the country to make an investment you just need toxecute intelligently in order to be successfulChapter 7 Types of Rental Properties All real state investments are not created ual I used to think I was going to just save up 40 or 50k and get a nice 3
unit gaff in Rathmines or something I d cashflow 2k in rent and I would be good to go gaff in Rathmines or something I d cashflow 2k in rent and I would be good to go fact is it s just not that From Notes to Narrative easyYou need to understand and acknowledge that there are many different types of rental properties and in order to planffectively know what you are going forChapter 8 Location Location LocationAgain you might think you know Guitar Makers: The Endurance of Artisanal Values in North America exactly what you want but are you 100000% sure You better be Before you commit to an investment in realstate you NEED to know God's Choice: The Total World of a Fundamentalist Christian School every detail about the location Vacancy rates average rent crime rates flood history the list goes on but the lesson remains the same do your homework before you commitChapter 9 How to Find Rental PropertiesThis is something I have honestly been neglecting I thought it was the least of my concerns but there is so much competition in this industry particularly in Dublin due to the high rent you need to think outside of the box hereAsk yourself honestly could you find 100 potential realstate investments per year Where would you start Because that is what will be reuiredChapter 10 Which Properties Make the Best RentalsThis book is full of valuable information phenomenal insight into what to look for and what NOT to look for when navigating this landscape Like me many of you are probably confident you have what it takes driven and focused on being successfulI found myself regularly taking deep breaths going through this book grateful for the insight as I have already avoided so many mistakes myself just from reading about all the potential red flags that I would never have thought ofChapter 11 Submitting Your OfferBeing a successful real Hard Bread (Phoenix Poets (Paper)) estate investor is something I aspire to be and I m slowly realising that the only way to achieve this goal is to make as many offers as possible There are specific details clauses and contingencies that go into making offers on realstate that never ven crossed my mindThis chapter will go through xactly what is reuired in making an offer and how to improve your odds on being acceptedChapter 12 Real Estate NegotiationAnyone who has ver read the book In Business As in Life You Don t Get What You Deserve You Get What You Negotiate written by Chester Karrass will already understand how important this part of the process isThe discussions you have with your lawyer and the property owner can make or break your deal and a great deal won t be asy to find unless you re willing to fight for itChapter 13 Financing Your Real Estate InvestmentReckon you know what you re doing on this Foraging for Survival end I thought I did I fancied my chances of AIB giving me a decent mortgage and with my First Time Buyers Clause I could get a 90% LTV rate and find a great deal in no timeYes this is the plan for most of us but it s not the only way to finance a deal and you could argue that there are much better waysChapter 14 How to Get a Loan Approved GuaranteedYou ll find as you read this book that all is not as it seems nothing is black and white and no two deals are going to be the same This chapter opened up myyes to the fact that there are certain things that banks are looking for and there are different ways to approach the loan APPLICATION PROCESSCHAPTER 15 THE DUE DILIGENCE processChapter 15 The Due Diligence no background in real Fragments estate investing and zero knowledge of property law I found this chapter incredibly useful There is a specific way of operating when you get to this stage of a deal with many things to be wary ofWhile I am nowhere near a deal being reached myself after reading this book I feel a lotuipped on how to handle myself when I do arrive in this scenario Do not jump into the purchase of a property until you and your lawyer are satisfied that all is how it seemsChapter 16 Getting Ready to CloseThis was another chapter that Foundations of Tropical Forest Biology: Classic Papers with Commentaries emphasised to me just how important it is to dot all the i s and cross all the t s as a deal can really go up in flames at any stage of the process and you ll need to be preparedThe closing of a realstate deal can be xpensive but there are handy ways of approaching the process and the manner in which Brandon Turner goes through his personal anecdotes make it much much clearer to folk like myself who are very arly in the research processChapter 17 Managing Your Rentals Part 1 Chapter 18 Managing Your Rentals Part 2Oh so you thought once you have the keys that you re done Time to retire and go chill on the beach This may be a bitter pill to swallow but once you ve actually closed the deal that is really where all the hard work beginsEven if you ve managed to close a phenomenal deal on paper you need to have your ducks in a row in order to make sure it s a successful real state investmentChapter 19 Exit Strategies and 1031 Tax ExchangesI recently went through the process of asking very single person I knew about the uivalent of a 1031 Tax Exchange in Ireland An Irish Solicitor by the name of Terry Gorry ventually got back to me with some useful informationTerry is also a real One Ticket To Texas estate investor and has a YouTube channel with some helpful videosThis chapter will drilldown how important it is toducate yourself on real Helpmate estate as a whole before committing and fully understand the numbers in a deal before it s too late The last thing you want is to make loads of cash on a property only to lose your capital gains to the tax man Chapter 20 Final ThoughtsI would recommend dropping anygo you ve got about investing before picking up this book I thought I knew Art, Culture, and Cuisine: Ancient and Medieval Gastronomy exactly what I was doing and was completely humbledThis is a book designed to assist you in avoiding mistakes saving years of trial andrror and uipping you to be a really successful real state investorI plan to revisit this book again next year as it has taught me many many lessons on the industry and I plan to use it as my bible for real Black British Cultural Studies: A Reader estate investing for the foreseeable futu. Every strategy tool tip and techniue you need to become a millionaire rental property investorIf you’re considering using realstate investing to build wealth or obtain financial freedom this book is a must read With nearly 400 pages of in depth advice The Book on Rental Property Investing imparts practical and xciting strategies that investors across the world are using to build significant cash flow with rental propertiesBrandon .
Ple who might be interested in selling their property The best list you can buy and mail to is the absentee list This means that the person on record for owning a property does not actually live in the property you can find and purchase these lists from companies such as ListSourcecom or MelissaDatacom Repeat sending to the same list3 Driving for dollars4 Eviction records5 BiggerPockets marketplace6 Craigslist It is an online classified section where it is free to post and free to browse 7 Wholesalers8 Passion Let people know of your intentionsCHAPTER 10 WHICH PROPERTIES MAKE THE BEST RENTALSWhat to look for when you are searching for a rental property1 Bedrooms Unlike three or four bedroom houses it is hard to get long term tenants in a one or two bedroom house Tenants who rent a five or bedrooms have kids which is not good for the property2 Age Older homes need fixing and the utilities bills are higher3 Garage Properties with garages tend to be rented far longer than those that do not4 Utilities Choose properties that the tenant will pay for their utilities5 Lawn Choose properties with small yards Tenants will not take care of large yards fficiently6 Parking7 LocationEight Problems the author looks for when shopping for a property that help him get a better deal1 The bigfoot smell It is very Bryozoan Evolution easy to get rid of unless the cause is coming from a busted sewer line This will cost you a lot2 The hidden third bedroom Try if you are able to convert a two bedroom house into a three bedroom house The jump in benefit is amazing The same does not apply to three into four bedroom3 Ugly countertops and cabinets It is cheap to convert an ugly old kitchen into a brand new one4 The bad roof Changing a leaky roof into a new one is costly butasy5 MM Mold Mold is a fungus that is present almost Crisis and Continuity at the Abbasid Court: Formal and Informal Politics in the Caliphate of Al-Muqtadir (295-320/908-32) everywherespecially places with moisture So Silvers Edge eliminate the moisture toliminate the visible mold 6 Compartmentalized configuration7 Jungle landscaping8 Junk junk and junkThree problems to avoid in a property1 Neighborhood2 Foundation issues3 Shared drivewaysCHAPTER 11 SUBMITTING YOUR OFFER1 How to make an offer2 The arnest money depositMost arnest money deposits tend to be 1% to 2% of the purchase price It is given to a third party not directly to the seller who is handling the closing So what happens to the Going Berserk earnest money1 If the sale goes through thearnest money becomes part of the cash the buyer would be reuired to bring to closing2 If the sale does not go through and the buyer does not have a legal reason to back out then the deposit is forfeited to the seller3 If the sale does not go through and the buyer does have a legal reason to back out the deposit is returned to the buyerThat is why you might need to include some contingencies in your offer the two most commonly used are inspection and financing3 What should the offer include Every real state offer can basically be boiled down to the who what where when why and how of the dealWHO is making the offer and to WHOMWhat is being bought and for WHAT amountWHERE am I getting the funds the financingWHEN am I panning to buy it the closing dateWHY would I back out of this offer the contingenciesHOW is this all going to happen the fine print4 How much should you offer It depends on the financials and the situation You need sometimes to offer a low price sometimes than the listed price and sometimes in between16 tips for getting your offer accepted1 Work fast2 Offer you best up front3 Submit a letter with your offer4 Discover the seller s true motivation5 Feel uncomfortable6 All cash helps7 Remove the financing contingency8 Waive the inspection contingency9 Close faster10 Give two offers11 More arnest money12 Prove your pre approval letter with the offer13 Include an scalation clause14 Offer to clean out the property15 Pay The Seller S Closing Costs16 Offer AgainCHAPTER 12 REAL the seller s closing costs16 Offer againCHAPTER 12 REAL NEGOTIATIONYou can negotiate for any of the following1 Price2 Closing date3 Closing location4 Contingencies5 Financing Will the seller agree to carry a second mortgage on the property6 Closing costs Who will pay for what during the closing process7 Home warranty A home warranty is sometimes included in the sale of a home and covers certain repair items after the sale happens This can help smooth any concerns on the part of the buyer Will you deal include one If so who will pay for it8 Repairs What do you need the seller to fix before you purchase the property Will you hold them to it Will you buy the property as is 9 Credits What about getting credits at closing toward certain repairs that are needed If a new roof is needed and the seller does not want to put one on before closing could you negotiate the cost of a new roof given to you at closing10 Possession date11 Items left in the property13 Tips for Successful Negotiation1 Be prepared to walk away Also make sure the other party knows that you are prepared to walk from the deal if you do not get what you need 2 Know your role3 Always get last concession4 Find true motivation5 Use a red herring6 Institute a penalty when they ask for concessions7 Stick to your numbers8 Do not get offended9 Negotiate with data10 Do not be insulting11 Let the other party feel good12 Demonstrate why you are a great buyer13 Ask for their lowest price then go lowerCHAPTER 13 FINANCING YOUR RENTAL PROPERTYTraditional methods for financing your property are1 All cash When compared with getting a loan Safe More cash flow Lower CoCROI and lower appreciation percentage tax payments No loan paydown Lawyers might be motivated to sue you if you use all cash because it is a sign that you own money So when you plan to use all cash on your investment pay attention to the following tips1 Pretend you
Are Not2 Use Entitiesnot2 Use ntities At least hide the fact that you own 100% of the property3 Consider financing later2 Conventional loans3 Portfolio lenders4 Private lendersOther creative methods are1 Home Autobiography and Other Writings euity Youruity can be borrowed against at very low interest rates through a home uity loan or home uity line of credit 2 Partnerships3 Seller financing4 House hacking It refers to the uniue strategy of combining your primary residence with an investment This can be done by Unbeatable Mind (3rd Edition): Forge Resiliency and Mental Toughness to Succeed at an Elite Level (English Edition) eBook: Mark Divine: Amazon.fr: Amazon Media EU S.à r.l. either1 A live in flip Buy a single family house with the intention of fixing it up and reselling it within a couple of years2 A small multifamily property Buy a small multifamily property two to four units live in one unit and rent the other units out5 BRRRR investing aka fix and rent or fix and hold strategy It combines theuity growth and uick financing of house flipping with the long term stability and wealth creation of rental properties The property is treated like a flip using short term financing such as private money hard money a home uity loan or cash to acuire and rehab Then after the property is finished it is rented out to a tenant The owner then obtains a refinance on the property to pay off the short term loan and turn the property into a stable long term cash flow positive property CHAPTER 14 HOW TO GET A LOAN APPROVED GUARANTEEDThe banker you sit down with sales guy is not responsible for approving or denying your loan The underwriter is So to get your loan approved1 Find the banker sales guy who is creative and who will fight to get your loan approved Ask some real state agents who their preferred lender is2 Make your loan application pencil out for the underwriter Lenders want to approve good deals onlyWhat does the bank want to approve a loan1 Property type2 Property location3 Property condition4
Loan amount5 Debt to income ratio DTI Two types Apocalyptic Cartography: Thematic Maps and the End of the World in a Fifteenth-Century Manuscript exist Frontnd DTI ratio and back nd DTI ratio6 Loanamount5 Debt to income ratio DTI Two types xist Front Infamous end DTI ratio and backnd DTI ratio6 Loan value ratio LTV7 Credit score8 Repayment source9 Experience10 Cash reserves11 Recent credit changes12 Compensating factors Lets go through all of the steps to make a peanut butter and jelly sandwich First go to the store and buy the ingredients Many stores should have bread peanut butter and jelly but if your store doesn t just ask around Many people who make peanut butter and jelly sandwiches will be happy to tell you where they purchase their favorite ingredients Next spread the peanut butter on one slice and the jelly some call it jam but I prefer jelly on the other slice Many potential sandwich makers are afraid of cutting themselves but there is no need to worry You can use a butter knife which isn t sharp Walled enough to pierce the skin and spreads veryasily Finally put the two pieces together Many people mess this up but you re a SMART sandwich maker You ll make sure to have the peanut butter and jelly on the interior of the sandwich while others will be left with messy hands Make sure to clean up your mess while its still small trust me this will make things a lot asier don t think I can t clean this mess think How can I clean this mess Having a cleaning system will set you up for long term success And just like that you have yourself a sandwich Pretty neat huhIf you didn t know how to make a PBJ sandwich you do know But at what costI was really xcited to read this book specially given its high rating Unfortunately it left me disappointed First the positive The book does a great job of giving you a cursory view of the ntire rental property investing process As a person who did not know very much going into it it provided insight into what the domain looks like so I can further xplore topics on my own It did not go very deep into the topics but it gives you plenty to get startedMy biggest complaint with the book is the writing style This book could asily be distilled into half its size I often found myself skimming past paragraphs offering little than the title heading The tone of the writing felt like I was being babied through the process Just tell me the information about real Snowbound Seduction estate investing that I need to know and leave the inspiration motivation and positive thinking for me to do on my own I suspect that most positive reviews are from regular readersviewers of BiggerPockets This is probably reflective of great contentlsewhere from BiggerPockets but I don t think this book is it I wish I would have started with this book it answered so many uestions about the nuts and bolts of real In the Surgical Theatre estate investing Most books I have read on the subject we re great as well but none so far have gone as deep into the fundamentals of realstate investing Couldn t recommend this book highly Hinterlands and Commodities: Place, Space, Time and the Political Economic Development of Asia Over the Long Eighteenth Century enough Was able to get this book and the audio version off the BP website on a special promotion Love these guys I ve read this book several times and I always learn something new This book has no motive to sell you a guru s course it s purelyducational I would highly recommend this and other books published by BiggerPocketscom for anyone interested in learning about investing in real Hometown Valentine estate I ve built my business mostly from information I ve learned from this company. Discover Why many realstate investors fail and how you can nsure you don’t Four uniue asy to follow strategies you can begin implementing today Creative tips for finding incredible deals―even in competitive markets How to achieve success without touching a toilet paintbrush or broom Actionable ideas for financing rentals no matter how much cash you have Advice on keeping your wealth by deferring and liminating taxes And so muc.