Creative Financing Real Estate Book – The Real Estate Investing Book: Creative Real Estate Investing Strategies Using Other People’s Money
Completely revised and updated Is your lack of money holding you back from your real estate dreams? Discover creative real estate financing strategies that smart investors use to close more deals, more often. No matter how much money you have in your savings account, there will always be real estate you can’t afford. Don’t let the contents of your wallet define your future! This book offers several strategies for using other people’s money to get an amazing return on your original investment. Active real estate investor and co-host of The BiggerPockets Podcast, Brandon Turner, explores some of the financing techniques that professional investors are using to take advantage of the current real estate markets. Not only will you be able to navigate the world of creative real estate financing, but you’ll also get more mileage out of your real estate investment strategy. Funding deals just got easier – learn how to be a smart investor with creativity, not cash! Inside you will discover: – The truth about spending money – Little or no investment is possible, but it’s not about a step-by-step approach. It’s about thinking. – How to start investing in real estate – Are you looking for your first deal, but you have no money and no experience? Learn the best techniques to get your feet wet without paying thousands! – Many strategies to mix and match – Creative investing requires a creative mind. – How to attract private money, lenders and partners – Millions of millionaires walk the streets. Discover the best way to attract them to you. – The Ugly Side of Creative Investing – Learn the downsides of every strategy mentioned in this book, as well as tips to overcome these pitfalls. – Strategies for Wholesaling, Flipping, Renting and More – Find success in whatever niche you plan to use to build your real estate empire.
Creative Financing Real Estate Book
Brandon Turner is an author, entrepreneur, and active real estate investor with over 500 rentals and dozens of rehabs. He is the Vice President of BiggerPockets, co-host of The BiggerPockets podcast, and the author of four books, including a book on rental property investing and how to invest in real estate. Brandon has also been featured in numerous online and print publications – such as Forbes.com, Entrepreneur.com and Money Magazine – where he enjoys showing others the power and impact of real estate investing and financial freedom. A lifelong adventurer, Brandon (along with his wife and daughter) divides his time between his home in Maui, Hawaii, and various destinations around the world.
How To Invest In Property: No Money & Experience
I will preface this review purchase by saying that it was not recommended to me and I did not seek it out, but the book is available in my audio library and I wanted a short one before I started the larger book. It helps that I (like I imagine most other people) have an interest in real estate investing. So the first and probably biggest annoyance in the book is the almost non-stop shilling for the owner’s website/service. It got to the point that anytime something was introduced or not explained well enough, I knew to go to the site where the author was telling me to check out his site. Once you get past the constant shilling, the book focuses on the US market, so you have to do a lot of mental gymnastics as you listen to figure out what products the author might be referring to locally, if they are available . . Although this is a bit annoying, at least it gives you research to get a better idea of the local market. The book often admits this at different times when discussing different chapters, but most of the content in this book is based on a best case scenario or a fictional world where everything is already in place and you just need to get paid. This is actually one of the main problems with the book, because one of the most important things that works in everything in this book is to get a lot, the author spends very little time (if any) dealing with previous cases. Or ways to find great deals. On the contrary, it all goes away by saying, “You have to be creative.” In addition to these questions, the book gives a very brief overview of the different ways you can earn money (mainly working in the system). Unfortunately, most of these methods are probably banks, I say this because I religiously avoid dealing with any kind of interests, which excludes most (if not all) of the opportunities they provide. In conclusion, while the book gives you a few more books to go and read later, this book didn’t really make me want to invest in real estate. If you can overcome the hurdles of dealing with interests and have an appetite for risk, this book can be a useful introduction to real estate investing.
This book is not only a must read for every real estate investor (especially beginners), it is worth reading over and over again. As of this review, I have read the book four times and implemented the strategies it contains. Money? No problem. It’s actually easier than you think to buy real estate with little or no out of pocket. Example: I just bought a duplex for the price of the inspection!
Most of the book is basic information if you are involved in the world of real estate, but there were some new concepts for me. Concise writing and good examples make the information easy to remember.
I received this book as a gift and thought it was full of great ideas and strategies. I invested in categories other than real estate and also discovered some innovative/creative ideas to apply to my other investment activities. Now I’m interested in reading more from the BiggerPockets group.
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You love books like these that get you thinking creatively. Instead of saying “I can’t afford it,” start with “How can I afford it?” I found the chapters on leasing options and syndications very interesting. Definitely recommended if you want to build wealth in real estate.
I have probably read this book more than a dozen times and it still holds my interest because it is so rich in information on creative real estate financing. This book introduced me to the BRRRR strategy that I built my business on.
I really enjoyed this book and it really gave us some creative strategies on how to invest in real estate when you have little or no money.
Great summary/explanation of ways to invest in real estate with little/no money, as the title says. Brandon is great at clear/basic communication – good reason for all possible options! 1. The Art of Creating Creative Real Estate Investments a. 4 rules of creative investment i. You must find a better deal than ordinary investors – must have price < market value b. Be very conservative, plan for the worst c. Creative funding requires sacrifice – money has to be traded for patience/sacrifice i. Ex: driving for $$, house breaking, conservative living d. That doesn't mean investing without a cushion. You need an emergency fund 2. Proprietary investment properties a. Procedure i. FHA 1. Insures the loan against bankruptcy protects the bank a. Includes 1-2% commission up front + $100/month. $100,000 per loan b) 3.5% down payment 2. Risks/Weaknesses: a. Red tape in the government, b. MORTGAGE INSURANCE PREMIUM (MIP AKA PMI) c) You can only have 1 FHA in your name at a time ie. But you can refinance, get another conventional loan, and then get another FHA loan ii. 203K Loan – Same as FHA but includes loan for purchase and rehab per 1 loan a. Ex: $90,000 house + $10,000 renovation = $100,000 loan @3.5% down = $3,500, $96.5k loan b. Adjustments must be made by FHA. Approved Person c) The renovations must be completed within 6 months of closing. 2. Disadvantages (Beyond Normal FHA) a. More bureaucracy b. Retraining = Risky If you find something HUD/FHA doesn't cover, you have to fund it out of pocket c. PMI (MIP) iii. VA Loans – Vets Exclusive 1. 0% Down, No PMI 2. Seller can pay 100% of closing costs iv. USDA Loans – for Rural SFH and Low/Moderate Income a. 0% decreased b. No PMI/MIP c. No maximum purchase price d. Repairs/upgrades built into the loan 2. Disadvantages: a. Specific location b. red ribbon c. SFH houses i. but with a 10% rural multifamily discount 1. Guaranteed Rural Rental Program @usda.gov d. 0% decline = high leverage b. All of the above have loans that have been previously approved by the government through your bank 3. Partnership – Working with others a. Methods: i.
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