Property Book Shop - Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth

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Manufacturer: Kaplan Business

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Binding: Paperback
Dewey Decimal Number: 332.63243
EAN: 9781419537257
ISBN: 1419537253
Label: Kaplan Business
Manufacturer: Kaplan Business
Number Of Items: 1
Number Of Pages: 256
Publication Date: 2006-05-01
Publisher: Kaplan Business
Release Date: 2006-05-01
Studio: Kaplan Business

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Spotlight customer reviews:

Customer Rating:

Summary: Great Book
Comment: I would recommed this book to anyone who is looking to branch out into real estate (residental property). I have 3 properties and they are producing good wealth, plus I never worry about them being vacant.

Customer Rating:

Summary: review
Comment: very good book. organized, but could have been shorter had it left out some of the ideas not related to duplexes, triplexes, and quads. overall, would def reccomend.

Customer Rating:

Summary: Investing in Duplexes, Triplexes & Quads
Comment: Larry Loftus gives great tips in this easy-to-read guide for this type of investing. When my partner and I first decided to buy a second home for an investment, we weren't sure which kind was right for us. This book turned out to be our turning point where we realized this was the right type of investment for our situation. Loftus relates personal experience, regrets and success. Great real-scenario figures, charts for comparison and defining information about who does what in the real estate biz.

Customer Rating:

Summary: Lackluster transitions and writing style; still, some good info
Comment: Difficult to read due to lack of transitions. Some difficulty with following examples. Otherwise several decent plans on building wealth through rental units.

Customer Rating:

Summary: Lots of good information + no sales pitch to buy other products
Comment: I bought this book because I am thinking of selling my condo and buying a duplex where I would live in half and rent the other half as a first step into real estate investing (after reading this book I may actually shoot for a triplex or 4-plex if I can afford one). What I really appreciated about this book is it showed me how to value a multifamily property (based on monthly rents rather than what single family homes in the area are selling for) and was really a great introduction for a newbie investor looking for a steady way to build riches (and not another border-line illegal get-rich-quick scheme).

A big plus is that unlike other real estate information books I've picked up, this one doesn't try to sell you anything. It's not an introduction to the author's "sales funnel" as they say in the information marketing world. It's just packed full of great information that is useful to a novice real estate investor (someone experienced may already know a lot of the stuff, but there are probably still a few useful nuggets if you aren't an expert in residential multi-family units).

The only downside to the book is that the author bases his advice on his own experience investing in Florida during the real estate boom. A drunk monkey throwing darts at a map could have selected properties that would appreciate significantly in this area during this time period.

The author's buy and hold method, I think, makes sense in any area, but the idea of buying something, fixing it up a bit, and then taking out equity based on increased rents (to buy another property or pyramid up) is probably not going to be so easy in a flat market or less pricey parts of the country.

I would love to see the author revisit the book in 10 or 20 years showing us his experiences during real estate down cycles as well as during boom cycles, and also include case studies for parts of the countries that haven't seen the same huge appreciation as places such as Orlando.

That said, this book has a lot more useful information in it than most other real estate books I've picked up, and I have no problem recommending it.

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Editorial Reviews:

Amass more than $900,000 in properties in one year, without using any of your own money, or that of your investors. Real estate investing can be an excellent way to build wealth. With its advantages of cash flow, appreciation, tax benefits, equity buildup and leveraging, real estate may be the only vehicle that can carry the average person to retirement wealth. Real estate investor, attorney, and author Larry Loftis has developed a safe, easy, and lucrative way for new investors to get into the game, and for experienced ones to enhance their portfolios. In Investing in Duplexes, Triplexes and Quads: The Fastest and Safest Way to Real Estate Wealth, he draws on both his real estate investing experience and legal acumen to explore advantages you may not have considered about residential multifamily properties of two to four units. Learn how to: •Buy duplexes, triplexes and quads with no money down, AND get cash back at closing. •Eliminate risk, and guarantee that your mortgage payments are always covered. •Use "cash-out" from refinancing to purchase more properties. •Decide whether to buy and hold or "pyramid" to a large apartment complex. •Use inflation, tax laws, and rehab to build a massive retirement nest-egg.