Investing in Fixer Uppers ppt

[...]... Proper timing is very important for making big money in real estate It’s something like a surfboarder waiting to catch the biggest wave In real estate, we call this “selling during an up cycle.” Ideally, you should plan for selling properties when great multitudes of buyers are out shopping for them When buyers outnumber available properties, it drives 7 Investing in Fixer- Uppers up the selling prices... invests in fixerupper properties will do it differently, with some, like building contractors, even upgrading foundations, adding rooms, and revamping walls However, I’ve discovered that my biggest paydays come from repairing things that need fixing and cleaning up Hauling away junk and painting nearly everything that shows is always a top money-maker—and rejuvenating dead or dying yards by planting new... estate Sellers must finance the sale themselves or they can’t sell in many cases Motivated sellers who own properties that won’t qualify for bank financing have no choice other than carry back a 13 Investing in Fixer- Uppers mortgage or sell for cash (which is not too likely) 4 Opportunity to Increase Income Quickly by Adding Value Investment properties that are not producing the amount of income they should... Cottages Removing the Risk from a “No-Down” Sale 162 162 163 163 165 165 166 167 167 Part Two Creative Financing 169 14 The Value of Seller Refinancing Borrowing from the Bank Is Good for the Bank New Bank Loans Should Be an Investor’s Last Choice Buyers of Ugly Properties Get the Best Terms Seller Financing Is the Cadillac of All Financing Financing That Fits the Needs of Both Parties Buying Back Your... present in good times or bad! Anyone who really wants to can make a fortune in real estate To succeed one requires only the initiative to start and the determination to keep applying the three R’s of renovating, refinancing and reinvesting Nickerson’s words gave me the courage to ignore my critics Quite often I’ve found that things you don’t understand too well can end up helping you more than the things... quit my regular 9-5 job to invest in real estate full-time If you learn to invest my way, but still wish to continue working at your regular job, rather than changing careers, that is perfectly all right I’m sure the extra money you earn will prove you made a wise decision 9 Investing in Fixer- Uppers Why Fixers Are the Perfect Place to Start The simple explanation is that fixers are easy to purchase... If you’re the kind of reader who highlights important information with a fluorescent marker, I fully expect this book to look like Walt Disney’s doodling pad when you’re done! If it doesn’t, you should back up xv Investing in Fixer- Uppers and start again, because you’re skipping over way too much good stuff There’s one final point I wish to make before I lead you through a money-making education Do... reality, Jay—the days of making money in real estate are over The bubble has finally burst!” Copyright 2003 by Jay P DeCima Click Here for Terms of Use xiii Investing in Fixer- Uppers I remember reading a book by William Nickerson, How to Make a Fortune Today Starting from Scratch (Simon & Schuster, 1963) In his book, Nickerson says: Although opportunities are much greater during boom times, I have come... three primary sources in this business Naturally there are variations and combinations, such as selling partial payments on seller carryback notes and payments received from partnership buy-ins We’ll discuss these later Three Major Sources of Money Coming In 1 Monthly Rental Income—net cash flow 2 Property Sales a Cash money from escrow at closing b Seller carryback financing: monthly installment payments... fixing rundown houses is truly a golden opportunity for do-it-yourself real estate xiv Introduction investors like me Indeed, the future is brighter than ever and there’s no end in sight People often say to me, “Jay, you sure are a lucky devil! You jumped head first into real estate investing at exactly the right time! Your timing was perfect, but tell me truthfully, do you still think the same things . h3" alt="" Investing in Fixer- Uppers A Complete Guide to Buying Low, Fixing Smart, Adding Value, and Selling (or Renting) High This page intentionally left blank. Investing in Fixer- Uppers A Complete. Started Investing in Fixer- Uppers 36 Getting Started Ranks First 36 Continuing Education—A Must 37 Specialization Is the Quickest Way to Learn This Job 37 Real Estate Investors Must Think Like Business. him for a lifetime.” If you agree, let’s get on with our fish- ing lessons! Investing in Fixer- Uppers xvi Getting Started in Fixer- Uppers PART 1 Copyright 2003 by Jay P. DeCima. Click Here for