How to Be a Quick Turn Real Estate Millionaire; Make Fast Cash with No Money, Credit, or Previous

by Ron Legrand; Robert G. Allen

• ISBN13: 9780793188864
• ISBN10: 0793188865
• Format: Paperback
• Copyright: 2004-07-01
• Publisher: Kaplan Publishing

Summary

Huge fortunes can be amassed by holding real estate for the long term-up to 20 or 30 or years in some cases. Yet most people don't have the luxury of time and need cash to cover their day-to-day expenses. To that end, nationally renowned real estate expert Ron LeGrand has developed a method of buying real estate to generate cash that he calls "quick turning." Over the past 15 years, he has bought and sold more than a thousand properties for fast-cash profit using the method.InHow to Be a Quick Turn Real Estate Millionaire: Make Fast Cash with No Money, Credit, or Previous Experience, LeGrand shares this system for building long-term wealth. With wit and wisdom, he outlines four main categories of "quick-turn" transactions: retailing, wholesaling, assumptions, and lease/options. He helps readers understand which type of transaction is appropriate for their specific cash flow goals, and he reveals how-to secrets that real estate investors, and wannabe investors, can use to:* Get rich on fixer-uppers without lifting a hammer.* Find motivated sellers.* Negotiate win-win deals.* Sell houses fast.* Succeed while others fail.

Table of Contents

Foreword	v
A Special Thanks	vii
Who Is Ron LeGrand?	ix
Introduction: How to Get Started as a Real Estate Entrepreneur	xv
PART ONE WINNERS ALL AROUND
You Can Get a Big Check in Days, Not Years	3	(12)
Eight Myths About Making Money	15	(12)
Everyone Wins or I Wont Play	27	(8)
PART TWO QUICK TURN TOOLS
Five Ways to Profit	35	(26)
Five Steps to Success	61	(4)
Step 1---Locating Prospects	65	(24)
Step 2---Prescreening Prospects	89	(14)
Step 3---Constructing and Presenting Offers	103	(12)
Step 4---Following Up	115	(4)
Step 5---Selling Houses Fast	119	(24)
Where to Get the Money With No Credit or Partners	143	(12)
How You Can Retire With An Ira Worth $1 Million	155	(10)
PART THREE LEGAL CONSIDERATIONS
Land Trusts and Legal Considerations	165	(12)
PART FOUR SUCCESS
Tigers are the Last to Starve in the Jungle	177	(6)
Aim High	183	(22)
Appendix A: Assignment of Contract for Purchase and Sale	205	(1)
Appendix B: Private Lender Script	206	(1)
Appendix C: Bird Dog	207	(1)
Appendix D: Property Information Sheet	208	(1)
Appendix E: Letter to an Out-of-State Owner	209	(1)
Appendix F: Letter to Realtors	210	(3)
Appendix G: Sample Flyer	213	(1)
Appendix H: Sample Business Card	214	(1)
Appendix I: Telephone Questionnaire for Potential Buyers	215	(1)
Appendix J: Letter to Attract Buyers	216	(2)
Appendix K: Authorization to Release Information	218	(1)
Glossary	219	(10)
Additional Resources	229	(2)
Index	231