Getting Started in Real Estate Investing - Softcover

Thomsett, Michael C.; Freestone Thomsett, Jean

Softcover

ISBN 10: 0471311936 ISBN 13: 9780471311935

Publisher: John Wiley & Sons, 1994

Synopsis

This user-friendly guide to smart real estate investing thoroughly explains everything you need to know to get started along with the potential for profit and possible pitfalls. Financing your investment, tax considerations, important trends to watch for, special problems of real estate bookkeeping, analyzing the market in any given geographic area and locating bargains are among the topics discussed. Includes an abundance of examples, definitions, case histories, graphs, charts and landlord forms.

About this title

From the Author:

new tax law changes all the rules
The "Taxpayer Relief Act of 1997" was signed early in August, 1997 by the President. Among the changes is a most significant one for real estate. The tax on sale of primary residences is now completely exempt from federal income tax on the first $500,000 of gain. This applies as long as you have lived in the house for at least two of the past five years. For investors, this points the way to many new and interesting strategies.

From the Back Cover:

A Must–read guide to real estate investing during turbulent times

Given the current state of the economy, you might be asking yourself if right now is the right time to be investing in real estate. With the third edition of Getting Started in Real Estate Investing as your guide, you’ll quickly discover how a combination of commitment and caution can help you make it in today’s market.

Designed for investors who want to get started in real estate, but don’t know where to begin, this reliable resource will help you break into this fast–moving field and build equity the right way. Getting Started in Real Estate Investing, Third Edition addresses everything from selecting the right properties and becoming a landlord to using the proper tax strategies and finding the right professionals to work with. It also outlines issues you must be aware of in light of recent events, including the best ways to finance your real estate investments, considering the status of mortgage financing, and new requirements that may be thrown at borrowers.

The new edition is updated to include information on:

• Surviving in the post–bust housing market
• Picking investments with the new credit realities
• Looking ahead to future housing booms
• Reading the emerging housing trends

Written in straightforward and accessible style―with a focus on residential and multifamily properties―Getting Started in Real Estate Investing, Third Edition also contains helpful information that will allow you to analyze your financial ability to buy and hold real estate as well as avoid potential pitfalls.

In order to excel in real estate investing, you need to start by defining what you want to do and how much risk you can afford. But ultimately, success depends on making informed decisions about where and when to invest, and Getting Started in Real Estate Investing, Third Edition gives you the tools to achieve these goals―even under the most difficult market conditions.

About this edition

• Publisher: John Wiley & Sons
• Publication date: 1994
• ISBN 10: 0471311936
• ISBN 13: 9780471311935
• Binding: Paperback
• Number of pages: 266