I recently completed a new book entitled Financing Real Estate Investments For Dummies with co-authors Ralph R. Roberts and Chip Cummings. Ralph is an experienced and highly successful Realtor®, real estate investor, and homeowner advocate with whom I’ve co-authored several books, including Flipping Houses For Dummies and Walk Like a Giant, Sell Like a Madman. Chip is a certified mortgage consultant (CMC), real estate investor, and accomplished author who has written several other books on real estate investing, including Mortgage Myths and Cashing in on Pre-Foreclosures and Short Sales.
Financing Real Estate Investments For Dummies is a practical guide to scoring cash for real estate investments. Right now, credit is tight, so the usual sources for investment capital may have dried up. Here, Ralph and Chip cover the usual sources of real estate investment capital along with less common sources, such as hard-money (private) lenders.
While now may be a good time to buy real estate, it’s certainly not the best time to try to secure financing. Following the advice of two investors who’ve bought and sold real estate in good times and bad, you can broaden you search for financing and find the investment capital you need to do the deal.
Financing Real Estate Investments For Dummies shows you how to…
- Understand standard terms and concepts
- Identify the various sources of investment capital
- Gather all essential facts and figures to successfully apply for a loan
- Weigh your options — decide which type of financing is best for your circumstances and incorporate it into your real estate investing plan
- Finance residential properties — evaluate residential loan programs, navigate the loan application and processing, and handle the closing
- Invest in commercial properties — know the different property types, choose the one that meets your investment goals, and discover unique sources for financing
- Tap into unconventional sources — discover the pros and cons of “hard money,” capitalize on seller financing, partner to share risk and equity, and invest on the cheap with no-money-down deals
The book also offers…
- Real-world advice on financing without tying up all your capital
- How to get prequalified or preapproved for a loan
- Questions to ask your lender upfront
- Ways to avoid common beginner blunders
- How to protect your personal assets from investment risks
- Bargain-hunting hints for low-cost loans
- Strategies for surviving a credit crunch
- Ten pre-closing steps to ensure a hassle-free closing
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You’re a great writer Joe, and this project was a real joy to work with you on. I know readers will get a lot out of the hard work and efforts that you Ralph and I put into this book!
All the best to you on your many projects, and keep up the great work!
-Chip