Authors: John Schaub
ISBN-13: 9780071448352, ISBN-10: 0071448357
Format: Paperback
Publisher: McGraw-Hill Companies, The
Date Published: December 2004
Edition: (Non-applicable)
John W. Schaub is a nationally recognized real estate investing expert. He teaches his program for buying and managing single-family houses through seminars and home-study courses and writes the newsletter Strategies and Solutions.
“John Schaub is the only real estate guru I know who has survived and prospered for 30 years in this wild and wooly market.”-Mark Skousen, Ph.D., Adjunct Professor of Economics, Columbia University, and Editor, Forecast and Strategies
The key in owning investment real estate is buying good houses in good neighborhoods. By learning to buy at wholesale prices, fund your down payment, and attract tenants that will pay off your loans and improve your property value, you can immediately begin to increase your wealth. In Building Wealth One House at a Time, real estate expert John Schaub shows you how to
Building Wealth One House at a Time will have you ready to buy the right house, resell in a hurry for guaranteed profits, and create financial independence on your own terms.
John W. Schaub is a nationally recognized real estate investing expert. He teaches his program for buying and managing single-family houses through seminars and home-study courses and writes the newsletter Strategies and Solutions.
The New York Post
IF you’re a home buyer, contracts can be one of the most difficult things understand. One source to understand.
One source of great tips is actually an investment book, John Schaub’s "Building Wealth One House at a Time," coming out this month from McGraw-Hill.
Here are five of our favorite tips from the book:
1. Offer to close quickly.
You can cut your down payment this way, Schuab notes. While this won’t work on a New York City co-op, it might on a house. "The only reason to make a large down payment is to convince the seller that you are a serious buyer," Schaub writes. "You can get the seller’s attention with less money by making an offer that closes in a week."
2. Take whatever time you need to read the contract.
If you’ve spent dozens of hours finding a good deal, why blow it by skipping a potentially important clause in the contract?
3. If an inspection reveals problems, the buyer can make repairs; but it will be faster for the seller to give the buyer a financial credit toward those repairs.
4. Keep the contract the sellers filled out.
If you have a choice of copies, you want the one they’ve written on. Schaub notes "it would be hard for them to claim that they did not understand the contract if they actually filled it out."
5. Never go to court to enforce a contract.
If the sellers back out, you can stick it to them, but you shouldn’t, Schaub says. "It is easier and more profitable," he writes "to find another good deal."
1 | How buying one house at a time can make you wealthy | 1 |
2 | Buying the right house | 16 |
3 | Finding good deals | 27 |
4 | Knowing how you are going to pay for a house before you make an offer | 35 |
5 | Making the offer | 54 |
6 | Borrowing to increase your profits | 64 |
7 | Understanding and using real estate contracts | 83 |
8 | Secrets of professional negotiators | 95 |
9 | Buying and selling with agents | 108 |
10 | Buying and selling houses to produce cash flow - now | 115 |
11 | Selling on lease/options to generate the largest profits | 124 |
12 | Finding and buying preforeclosures and foreclosures | 133 |
13 | Attracting and training long-term, low-maintenance tenants | 146 |
14 | Knowing when to sell and how to sell | 170 |
15 | Eight steps to quitting your day job | 176 |
16 | How to own the house of your dreams free and clear | 187 |
17 | Take charge of your retirement income | 200 |
18 | Getting your houses free and clear | 205 |
19 | Buying and owning out-of-town property | 212 |
20 | Making it big on little deals | 219 |
21 | Habitat for Humanity : helping others build wealth, one house at a time | 223 |