The Real Estate Investing Answer Book

About this book

The Real Estate Investing Answer Book tackles the most important questions someone thinking about investing in real estate should have answered. Topics discussed include:-How do I convince my friends/relatives this is the right investment for me?-Financial requirements-Can I make a profit?-What's the best kind of property for investment-Working with "partners"-What people will I encounter in my investments?-Finding property-Can I tie up property while I think about buying it?-How much should I pay?-Preparing an offer-Earnest money-What do I do if the other side makes a counter-offer-Contingencies—back doors to get out of a contract-Due diligence—avoiding surprisesFinancing-Being a landlord-Flipping-Development-How can I protect my investments-Can I sell property without paying any income taxes-Record keeping-Worst case scenario