Ebook Download Buy It, Rent It, Profit!: Make Money as a Landlord in ANY Real Estate Market, by Bryan M. Chavis
Well, still perplexed of ways to obtain this e-book Buy It, Rent It, Profit!: Make Money As A Landlord In ANY Real Estate Market, By Bryan M. Chavis right here without going outside? Merely connect your computer or gizmo to the internet as well as begin downloading Buy It, Rent It, Profit!: Make Money As A Landlord In ANY Real Estate Market, By Bryan M. Chavis Where? This page will certainly show you the web link page to download and install Buy It, Rent It, Profit!: Make Money As A Landlord In ANY Real Estate Market, By Bryan M. Chavis You never worry, your preferred e-book will be faster yours now. It will be much simpler to delight in reviewing Buy It, Rent It, Profit!: Make Money As A Landlord In ANY Real Estate Market, By Bryan M. Chavis by on the internet or obtaining the soft documents on your gadget. It will no matter that you are as well as what you are. This publication Buy It, Rent It, Profit!: Make Money As A Landlord In ANY Real Estate Market, By Bryan M. Chavis is created for public as well as you are among them which can appreciate reading of this book Buy It, Rent It, Profit!: Make Money As A Landlord In ANY Real Estate Market, By Bryan M. Chavis
Buy It, Rent It, Profit!: Make Money as a Landlord in ANY Real Estate Market, by Bryan M. Chavis
Ebook Download Buy It, Rent It, Profit!: Make Money as a Landlord in ANY Real Estate Market, by Bryan M. Chavis
Discover the trick to improve the quality of life by reading this Buy It, Rent It, Profit!: Make Money As A Landlord In ANY Real Estate Market, By Bryan M. Chavis This is a sort of book that you require now. Besides, it can be your favorite book to read after having this publication Buy It, Rent It, Profit!: Make Money As A Landlord In ANY Real Estate Market, By Bryan M. Chavis Do you ask why? Well, Buy It, Rent It, Profit!: Make Money As A Landlord In ANY Real Estate Market, By Bryan M. Chavis is a book that has different particular with others. You might not should recognize which the author is, just how popular the job is. As sensible word, never ever judge the words from which talks, but make the words as your inexpensive to your life.
For everyone, if you wish to begin joining with others to review a book, this Buy It, Rent It, Profit!: Make Money As A Landlord In ANY Real Estate Market, By Bryan M. Chavis is much suggested. And you need to get guide Buy It, Rent It, Profit!: Make Money As A Landlord In ANY Real Estate Market, By Bryan M. Chavis here, in the link download that we offer. Why should be here? If you really want various other sort of publications, you will certainly consistently discover them and also Buy It, Rent It, Profit!: Make Money As A Landlord In ANY Real Estate Market, By Bryan M. Chavis Economics, national politics, social, sciences, religions, Fictions, and also much more publications are provided. These readily available publications remain in the soft data.
Why should soft documents? As this Buy It, Rent It, Profit!: Make Money As A Landlord In ANY Real Estate Market, By Bryan M. Chavis, many individuals also will should purchase the book earlier. Yet, occasionally it's so far way to obtain guide Buy It, Rent It, Profit!: Make Money As A Landlord In ANY Real Estate Market, By Bryan M. Chavis, also in other nation or city. So, to ease you in finding guides Buy It, Rent It, Profit!: Make Money As A Landlord In ANY Real Estate Market, By Bryan M. Chavis that will assist you, we assist you by providing the lists. It's not just the list. We will certainly give the advised book Buy It, Rent It, Profit!: Make Money As A Landlord In ANY Real Estate Market, By Bryan M. Chavis web link that can be downloaded and install straight. So, it will not need more times and even days to posture it and various other publications.
Accumulate the book Buy It, Rent It, Profit!: Make Money As A Landlord In ANY Real Estate Market, By Bryan M. Chavis start from currently. Yet the new means is by collecting the soft data of the book Buy It, Rent It, Profit!: Make Money As A Landlord In ANY Real Estate Market, By Bryan M. Chavis Taking the soft data can be saved or saved in computer system or in your laptop. So, it can be more than a book Buy It, Rent It, Profit!: Make Money As A Landlord In ANY Real Estate Market, By Bryan M. Chavis that you have. The most convenient means to reveal is that you can additionally save the soft documents of Buy It, Rent It, Profit!: Make Money As A Landlord In ANY Real Estate Market, By Bryan M. Chavis in your appropriate and also offered gizmo. This condition will certainly intend you too often read Buy It, Rent It, Profit!: Make Money As A Landlord In ANY Real Estate Market, By Bryan M. Chavis in the extra times greater than chatting or gossiping. It will not make you have bad habit, yet it will lead you to have better behavior to read book Buy It, Rent It, Profit!: Make Money As A Landlord In ANY Real Estate Market, By Bryan M. Chavis.
Demystify the process of evaluating, acquiring, and managing rental property and becoming a landlord with Landlord Academy founder Bryan Chavis’s clear, step-by-step plan to make your dream of owning a multi-family property a reality.
With interest rates at historic lows, there’s never been a better time to buy rental property—and to hang on to it for long-term wealth building. Drawing on his ten years of experience managing and owning hundreds of rental properties, Bryan M. Chavis shows how you can leverage as little as $10,000 into a lifelong stream of wealth using nothing more than good instincts, smart research, and a little elbow grease.
Learn how to buy desirable properties, attract quality tenants, negotiate lease agreements, collect rent, finance a mortgage, and manage the property. From leases to property-evaluation documents, you’ll find a complete tool kit in this book, which contains every form and checklist you need to run a single-unit apartment or an entire rental building.
With added guidance from building-maintenance experts, property attorneys, and tenants’ rights organizations, Buy It, Rent It, Profit! is the go-to guide for anyone interested in becoming a landlord and achieving profitable, consistent results.
- Sales Rank: #26718 in Books
- Brand: Chavis, Bryan M./ Noel-Chavis, Laney
- Published on: 2009-04-14
- Released on: 2009-04-14
- Original language: English
- Number of items: 1
- Dimensions: 9.13" h x .90" w x 7.37" l, .90 pounds
- Binding: Paperback
- 304 pages
From Booklist
Chavis lays out the path to making money on multifamily properties in good times and in bad. He addresses the matter analytically, almost scientifically, with a fact-based approach to all parts of the transaction, from the SEOTA (Strategic Evaluation of a Target Area) method to how to amass an empire. Nothing is built on gut or instinct; in fact, he’s got a form or process that will help solve all issues and challenges—and gladly he shares his experiences. Got a deadbeat tenant? You’ll get more cooperation by sending a nice, understanding note than by threats. How about jumping on the foreclosure wagon? Educate yourself first—and look for realistic sales comps and accurate operating expenses. When screening potential residents during open houses, ensure there’s always a fresh pot of coffee—and cookies. Everything you ever wanted to know is either embedded in his logical presentation or incorporated in the appendixes (SEOTA and due-diligence forms). --Barbara Jacobs
About the Author
Bryan Chavis is founder of The Landlord Property Management Academy and author/creator of one of the top property management designations/certifications online. Chavis runs one of the top blogs for real estate professionals at LandlordAcademy.com and is a property management coach for Keller Williams MAPS. Named one of the top 40 up-and-coming entrepreneurs under the age of 40 by the Gulf Coast Business Review, he travels the country coaching real estate professionals, and consults for some of the largest housing authorities in the nation. Chavis lives in Tampa, Florida, with his wife, Dr. Lacy Chavis, and their daughter.
Excerpt. © Reprinted by permission. All rights reserved.
One
Invest in Your Future
How You Can Become Wealthy as a Landlord
Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those who are skilled in its keep.
-- The Richest Man in Babylon
We are all looking for ways to get wealthy. Some people might not state this so bluntly, but let's face it -- we all crave the security that money can bring. But it's important to note that wealth doesn't have to mean greed. Wealth can buy you more time off to spend with your family, good education for your children, better health care, and the freedom to live the life you want to live.
Wealth to me means freedom. I want to have enough money to take time off to travel with my wife. I want to be able to help my parents live out their retirement years in comfort. And I want to give back to my community, particularly to help atrisk children have opportunities to make something out of their lives. All this takes time and money. Money buys me this time, and it provides me with these things that are so important to me.
The bookstore shelves are lined with titles that promise to reveal the "secrets to success." I was once one of those staring at a wall of titles and wondering which one would help get me to the place I wanted to be. If you're anything like me, you've probably already learned what makes the "millionaire next door" tick and how to "think and grow rich." These are great motivational books -- they help you figure out what path you want to take toward building your own life of financial security and freedom. But if you've picked up this book, you probably want something more...specific advice on how to build that wealth through one of the smartest methods around: real estate.
I've been working in the apartment industry, where I received my Certified Apartment Manager (CAM) designation, for more than a dozen years, first as a manager of large rental complexes and later as an owner. I've worked on every type of property -- from single-family homes to 1,000-unit apartment buildings, and just about everything in between. Several years ago, I decided to put all the advice, systems, and "best practices" I've developed over the years into a book and seminar series called The Landlord Academy (www.thelandlordacademy.com). I've trained tens of thousands of would-be rental property owners, some of whom have gone on to be property moguls in their own right.
But in order to be successful, you don't have to have 100 units -- a single-family home or a duplex is just as viable for your first move as a rental investor. And, as I'll show you, it's a heck of a lot safer to hang on to property for the long term than to try to work the market with risky "fix-it-and-flip-it" schemes. The beauty of rental investing is that you can choose the steps you want to take and decide when you are ready to take them. The key, of course, is performing your SEOTA™ (my own method for evaluating the right rental properties, which you'll learn in this book) and allowing this process to help you choose wisely. I'll give you all the tools, checklists, and operating systems you will need to make that first choice with confidence. That is my commitment to you. Read on to learn how Mitchell and Thelma, two of my Landlord Academy success-story clients, put these systems into practice.
Mitchell and Thelma's Story
Mitchell and his wife, Thelma, attended several of my Landlord Academy training courses. They were recently married with two young children, and were looking for a way to build wealth. Their financial state was OK (but not perfect) when they came to me. They both had steady jobs (though neither was pulling in the big bucks) and they had OK credit (with some outstanding credit card debt). But they also had a dream for the future: They wanted their kids to go to college (something neither of them had done), they wanted to be able to offer some security to their parents, and they had decided the 401(k)s they contributed to at work weren't going to get them where they wanted to go fast enough. They wanted to take their financial destiny into their own hands.
Mitchell and Thelma were living in an apartment and needed more space for their growing family. As a two-income family, they decided they were ready to buy a home. However, after attending some of my classes, they were excited to start their rental investment portfolio and were unsure if they should use their limited funds to buy a new home for their family, or continue to live in their apartment and buy a home to rent out.
I get questions like this all the time. I usually suggest this: Why not do both? Why don't you buy a rental property in which you can live and rent out the other units to help pay down the debt you'll be taking on?
Mitchell and Thelma had been looking at single-family homes in the $240,000 price range. I suggested that they explore buying a duplex for the same amount. They could live in one apartment and rent out the other apartment in the building to help defray the cost of the mortgage. The rental income would get them started on their journey to real estate wealth, and the family would have a larger place to live in.
Mitchell called me a few months later to report that while the lure of that bigger, more expensive home had been powerful, they'd resisted the temptation. They thought about their long-term plans and realized that this first investment move needed to be a wise one. Buying a more expensive home would be okay. It would appreciate in value, and they would have some equity to use in the future for college or a real estate investment. But by buying a duplex instead, they would advance two moves, rather than one. They might not have some of the upgrades found in the more expensive home, but they would have more space to live in and an income-producing rental unit. If they had bought the single-family home to live in, they would have had to save up more money or wait a few years for the equity to build up to use to buy a rental property. Mitchell and Thelma had just accelerated their journey to wealth.
They were smart in another sense as well. Now that they had a rental property, they used The Landlord Academy as a resource to get the training, operations manuals, and forms they needed to manage this rental profitably and legally. They took their first step seriously. It always amazes me when I see people put their entire savings at risk by buying a rental property without getting some training on how to run that property. The time and money you spend in training to be a landlord and researching the best property-management systems (whether you take a class, or you use the guidance offered in this book) will pay off tenfold. For Mitchell and Thelma, the price of enrolling in my Landlord Academy was far less than the cost of one eviction! You can use the same methods Mitchell learned in class by using the processes and forms you find in this book to purchase and operate your own rental property. Mitchell and Thelma found that by using tried and true methods of operation, they were spending less time running the place than they once did worrying about their financial future.
Mitchell and Thelma knew why their goal of wealth was so important to them. They wanted to be able to pay for their kids' educations. They didn't want to work second jobs to earn more, because they wanted to remain actively engaged in their kids' lives. And they wanted to have enough of a financial cushion to assist family members who might need assistance down the line. They wisely chose real estate as their method of achieving wealth. Then they were smart enough to find a step-by-step system to follow. This book will give you the tools to do the same thing.
What About My Credit?
Are you thinking that you might as well put this book down now, because you don't have good enough credit to get a loan? Don't do it! When I started my real estate journey, my credit score was a shaky 582! One of the smartest things I did was immediately get some advice on improving my credit. As I was planning my path to wealth and educating myself on real estate investing, I was also taking small but steady steps to improve my credit. By the time I was ready to make an investment move, my credit had improved dramatically.
The worst thing you can do if you have less than desirable credit is wait to do something about it. There are many companies that can help you improve your credit, as well as some simple steps you can take on your own. I'll talk more about improving your credit in chapter 6. So, don't be discouraged if your credit isn't stellar right at this moment -- you can still become a successful real estate investor. For a list of creditable credit repair services visit thelandlordacademy.com.
You Can Have It All -- Within Reason
Mitchell and Thelma decided that purchasing a single-family home wasn't the beall and end-all for them at that moment. While that remained a desire, they were willing to put off realizing that dream for a while. They knew that if they acted strategically, eventually they'd be able to own a much nicer single-family home.
What really convinced them that buying the duplex and renting the other unit was the wisest choice for them was that they understood and put to use the basic principle of leverage -- using other people's money to purchase an asset. We will talk more about the power of leverage later on, but for now you need to understand only that their down payment entitled them to own an investment valued at $240,000. In other words, they put a small percentage down and got to own a much more valuable property because the bank loaned them the rest of the value of that property. If you were going to make your riches in the stock market, to buy $240,000 of stock, you would have to write a check for $240,000! In real estate you have to have onl...
Most helpful customer reviews
199 of 211 people found the following review helpful.
An Incredibly Disappointing Book
By Vladimir
Pros:
-The author has a positive tone throughout, and seemingly knows what he's talking about despite the vague and general manner of explanation.
Cons:
-98% fluff material. Let me summarize the only useful piece of information from the first 15% of the book: buy a multiunit property to benefit from economies of scale. And a summary for the remainder of the book: plan ahead. Look at cash flows. Try to improve cash flows. Believe in yourself! Know the logistics of your neighborhood. Completely asinine and obvious.
-This book is a damned infomercial for his seminar. So help me if I see him mention his damned paid seminar advertised one more time. He must've mentioned his seminar at least 10 times in the first 10% of the book. I already gave you some money, how about you teach me something of substance you charlatan!
-There was nothing substantial in this book, and I am infuriated I wasted any money on it. In the future I will be sure to read the sample version prior to purchasing. How does this book have such high reviews?! It's absolute drivel. I'm pretty outraged and would love a refund, but have no idea how to go about getting one. Shame on me for not sampling this 'book' prior to buying.
139 of 143 people found the following review helpful.
Best Book of its Kind I have read so far.
By Kevin Meade
I have read six books so far on the subject of buying/renting. This book has clearly been the best so far. Most of the books I have read have been lots of hype and talk about you can make money on realestate. This book contains some of the same talk. Certainly there is an attempt to generate excitement in the beginning about how you can indeed make money buying/fixing/renting. And the book contains much of the same math talk about how to calculate basic values.
The other books I have read are pretty much two things: 1) pep-talk (you can do it!!!) and 2) basic math (four family unit @400/unit=1600-900 in expenses = 500 profit per month. See how easy it is to make money!!!).
This book talks about other stuff. Yes it does have the same math, but in addition has other interesting ways of looking at the value of properties. I found most interesting those times when the author talked about stuff other than money. One example is when he describes a student of his program who bought a mulit-unit complex and was about to loose his shirt because no one was renting. The student thought he had done everything right. In the end it turns out that the problem was not with the unit itself, but with the neighborhood. The student's great deal was for a complex with all single bed efficiencies, in an area mostly composed of four member families. No wonder the guy could not rent. The author thus intoduces the idea that other factors besides the property and rents are in fact more important. After following this guy I appreciate that he has actual wisdom in the business and that learning from him I will be able to avoid many mistakes.
Yep, this guy makes me feel like I can do it. I just bought my first two family. I have a positive cash flow, am gaining equity, building some business relationships, and doing a service for my community at the same time by taking two families out of their dumps and putting them in a decent home.
One thing I believe the book is missing is basic talk about how to go through the purchasing process. For example, I spent way too much money buying this property. There are different types of loans that can be shopped for depending upon situations. I put down 25% on a 15 year mortgage. This was a requirement of the lender I went with (a local lender who was keeping the loan inhouse and who knew the property well). I likely could have found a different lender that would have taken 20% or 10% if I was ready to take the time for it. There are even 3.5% loans for the right situation so if you have some freedom in your lifestyle, you can take advantages of this. Additionally there is a thing called SELLER'S ASSIST, where in many loans the seller can provide up to 6% of the home value toward closing costs. I paid most of these myself. As you can see, if I had actual experience I could have likely invested substantially less up front in acquiring the property at the expense of a larger loan. For example I could have upped my purchase price by 6% and then asked the seller to provide 6% assist, thus effectively wrapping most of my closing costs into the loan. This means less money needed to close which is a big deal for many people. OH well... at least I am able to learn from what I do. It is not like I lost money, rather I tied up money in my property that I could have left fee for use somewhere else.
Again this is the best book I have read so far. And though the author does mention his program a couple of times, this book is not an advertisement for the program. Still, I may attend one of his offerings just the same.
Hail Flavius!
1 of 2 people found the following review helpful.
Must Have Book For Landlords
By Rocket
Good book with much needed advice for landlords.
Buy It, Rent It, Profit!: Make Money as a Landlord in ANY Real Estate Market, by Bryan M. Chavis PDF
Buy It, Rent It, Profit!: Make Money as a Landlord in ANY Real Estate Market, by Bryan M. Chavis EPub
Buy It, Rent It, Profit!: Make Money as a Landlord in ANY Real Estate Market, by Bryan M. Chavis Doc
Buy It, Rent It, Profit!: Make Money as a Landlord in ANY Real Estate Market, by Bryan M. Chavis iBooks
Buy It, Rent It, Profit!: Make Money as a Landlord in ANY Real Estate Market, by Bryan M. Chavis rtf
Buy It, Rent It, Profit!: Make Money as a Landlord in ANY Real Estate Market, by Bryan M. Chavis Mobipocket
Buy It, Rent It, Profit!: Make Money as a Landlord in ANY Real Estate Market, by Bryan M. Chavis Kindle
Tidak ada komentar:
Posting Komentar