Financing Real Estate Investments For Dummies

by Roberts, Ralph R.; Cummings, Chip; Kraynak, Joseph

• ISBN13: 9780470422335
• ISBN10: 0470422335
• Edition: 1st
• Format: Paperback
• Copyright: 2009-04-13
• Publisher: For Dummies

Summary

Your practical guide to scoring cash to fuel your real estate investmentsWant to be a smart, successful real estate investor? This no-nonsense guide contains everything you must know to make the right choices about financing your investments - from the various options available and the impact on cash flow to the tax implications and risk factors involved. You also get tried-and-true tips for surviving a down market and using current investments to finance future ones.A crash course in real estate financing - understand standard terms and concepts, learn the various sources of investment capital, and gather all essential facts and figuresWeigh your options - decide which type of financing is best for your circumstances and incorporate it into your real estate investing planFinance residential properties - evaluate residential loan programs, navigate the loan application and processing, and handle the closingInvest in commercial properties - know the different property types, choose the one that meets your investment goals, and discover unique sources for financingTap into unconventional sources - discover the pros and cons of "hard money," capitalize on seller financing, partner to share risk and equity, and invest on the cheap with no-money-down dealsOpen the book and find:Real-world advice on financing without tying up all your capitalHow to get prequalified or preapproved for a loanQuestions to ask your lender upfrontWays to avoid common beginner blundersHow to protect your personal assets from investment risksBargain-hunting hints for low-cost loansStrategies for surviving a credit crunchTen pre-closing steps you must take

Author Biography

Ralph R. Roberts is an internationally acclaimed real estate agent, speaker, investor, and consultant. Chip Cummings is a real estate lending expert, a Certified Mortgage Consultant with more than 25 years of experience, and a seasoned real estate investor. Roberts and Cummings coauthored Mortgage Myths: 77 Secrets That Will Save You Thousands on Home Financing.

Table of Contents

Introduction

Gearing Up for Financing Your Real Estate Investments

Taking a Crash Course in Real Estate Investment Financing

Shielding Your Personal Assets from Investment Risks

Gathering Essential Documents, Facts, and Figures

Scoping Out Prospective Lenders

Financing the Purchase of Residential Properties

Finding the Residential Loan Program Thats Right for You

Bargain Hunting for Low-Cost Loans

Navigating the Loan Application and Processing

Financing the Purchase of Commercial Properties

Picking the Right Commercial Property Type for You

Exploring Sources of Financing for Commercial Properties

Securing a Loan to Finance Your Commercial Venture

Sampling More Creative Financing Strategies

Financing in a Pinch with Hard Money and Other Tough Options

Capitalizing on Seller Financing

Partnering to Share the Risk and the Equity

Profiting from No-Money-Down and Other Creative Deals

The Part of Tens

Ten Ways to Avoid Common Beginner Blunders

Ten Steps to Take before Closing

Ten Tips for Surviving a Credit Crunch

Glossary

Index

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