DESCRIPTION:
HOW TO INVEST IN CHEAP FORECLOSURES FOR UNDER $10,000 is plain old "common sense speak" by a small investor who has taken the plunge into real estate investing. The experiences, successes and mistakes will guide the newbie as they ponder investing in a foreclosure-ridden market.
This book, which dissects the purchase of a cheap foreclosure, is a great little companion to any publication written about real estate investing.
See the Appendix section for excellent additional resources, complete with investing formulas, landlord law, Section 8 references, helpful articles and websites, and more.
TABLE OF CONTENTS
Introduction
Particulars of the Subject Property
Once in a Lifetime Opportunity
You Don’t Have to Pay Six Figures for a Home!
Where to Find Cheap Foreclosures
Know the Area in Which You’re Buying
Simple Math
Escrowing Taxes and Insurance
To Escrow or Not to Escrow …
What is Section 8?
Section 8 Inspections ― SAMPLE FORMS
Section 8 Inspection Checklist
My First Section 8 Check as a Landlord
Pros of Renting to Section 8 Tenants
Cons of Renting to Section 8 Tenants
Section 8 Competition
The Junkyard is Your Friend
Rehabbing "Supply" Costs and How to Cut Corners
Some Basic Contractor Costs to Expect when Rehabbing
Quick & Dirty Figures
“Dusty Muffins” Can Blow Your Budget!
Flooring Tip: Yup, Paint the Wood!
Positive Cash Flow
Preparing for Unexpected Repairs
Find Fair Market Rent Data for 2011
Picking Up More Properties
Hard, Cold Cash will Get You a Better Deal!
Possible Pitfalls and How to Avoid Them
Failing to Research
In Closing
APPENDIX: Helpful Information, Websites, Articles and Guides--Buy, Close, Move IN!: Budgeting For Investment Property Costs
--The Safest Ways to Buy Foreclosures
--What You Need to Know About Buying A Foreclosure
--Buy, Close, Move IN!: Budgeting For Investment Property Costs
--The Foreclosures.com Guide to Advanced Investing Techniques You Won't Learn Anywhere Else
--Real Estate Investment: Equations, Formulas, Calculators
--Housing Authority Contact Information
--Housing Choice Vouchers Fact Sheet
--Housing Choice Voucher Program Guidebook
--Request for Tenancy Approval, Housing Choice Voucher Program Form
--Housing Assistance Payments (HAP) Contract
--Section 8 Tenant-Based Assistance Tenancy Addendum
--Landlords & Rental Property ― Managing Your Landlord Business
--Landlord-Tenant Statutes, State by State
--State-specific Landlord Tenant Handbook
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