The Millennial and Gen Z's Guide to Becoming a Rental Property Millionaire
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There's a reason rich people worldwide buy rental real estate - it works! At some point, everyone will need a place to stay, and contrary to popular belief, it doesn't require a ton of cash or secret connections to get in the game! However, it is a complex game, and if you make a bad decision, it can cost you a hundred thousand dollars or more, waste all your efforts, and ruin your credit - Don't go it alone! Learn from my 15 years of experience where I turned my initial $12,300 investment into $1.7 million. In this book you will learn: * The fastest way to save for your first down payment * W...
There's a reason rich people worldwide buy rental real estate - it works! At some point, everyone will need a place to stay, and contrary to popular belief, it doesn't require a ton of cash or secret connections to get in the game! However, it is a complex game, and if you make a bad decision, it can cost you a hundred thousand dollars or more, waste all your efforts, and ruin your credit - Don't go it alone! Learn from my 15 years of experience where I turned my initial $12,300 investment into $1.7 million. In this book you will learn: * The fastest way to save for your first down payment * What it takes to buy an income property and what the bank will want from * you * Different types of financing including low and no money down * Mortgages and the Mortgage process * How to locate a good property, in a good area, and buy on value, not price * How to steer clear of Building Construction Pitfalls with over 250 color * photos and diagrams * Property Insurance and Property Taxes * Deeds and Title Insurance * Calculating your return on investment (ROI) * How to make a calculated offer * Closing on your new Rental Property * What to do after you close on (buy) your Rental Property * Repairing and Renovating for Increased Profits * How to List and Show your Rental Property * How to find and keep good tenants * Tenant screening Red Flags * Leases * Maintenance * Preparing for your next property * The Huge Tax Benefits of Rental Properties * The magic of Forced Appreciation * Cash out refinancing to get your reno money back or buy another property * Some of my personal experiences with tenants so you can get a true idea of * What it's like to be a landlord and whether it's right for you or not
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