List Books » How to Be a Quick Turn Real Estate Millionaire: Make Fast Cash with No Money, Credit, or Previous Experience
Authors: Ron Legrand, Robert Allen
ISBN-13: 9780793188864, ISBN-10: 0793188865
Format: Paperback
Publisher: Kaplan Publishing
Date Published: July 2004
Edition: New Edition
Huge fortunes can be amassed by holding real estate for the long term-up to 20 or 30 or years in some cases. Yet most people don't have the luxury of time and need cash to cover their day-to-day expenses. To that end, nationally renowned real estate expert Ron LeGrand has developed a method of buying real estate to generate cash that he calls ""quick turning."" Over the past 15 years, he has bought and sold more than a thousand properties for fast-cash profit using the method.
In How to Be a Quick Turn Real Estate Millionaire: Make Fast Cash with No Money, Credit, or Previous Experience, LeGrand shares this system for building long-term wealth. With wit and wisdom, he outlines four main categories of ""quick-turn"" transactions: retailing, wholesaling, assumptions, and lease/options. He helps readers understand which type of transaction is appropriate for their specific cash flow goals, and he reveals how-to secrets that real estate investors, and wannabe investors, can use to:
* Get rich on fixer-uppers without lifting a hammer.
* Find motivated sellers.
* Negotiate win-win deals.
* Sell houses fast.
* Succeed while others fail.
Foreword | v | |
A Special Thanks | vii | |
Who Is Ron LeGrand? | ix | |
Introduction: How to Get Started as a Real Estate Entrepreneur | xv | |
Part 1 | Winners All Around | |
1. | You Can Get a Big Check in Days, Not Years | 3 |
2. | Eight Myths About Making Money | 15 |
3. | Everyone Wins or I Won't Play | 27 |
Part 2 | Quick Turn Tools | |
4. | Five Ways to Profit | 35 |
5. | Five Steps to Success | 61 |
6. | Step 1--Locating prospects | 65 |
7. | Step 2--Prescreening Prospects | 89 |
8. | Step 3--Constructing and Presenting Offers | 103 |
9. | Step 4--Following Up | 115 |
10. | Step 5--Selling Houses Fast | 119 |
11. | Where to Get the Money with no Credit or Partners | 143 |
12. | How You Can Retire with an Ira Worth $1 Million | 155 |
Part 3 | Legal Considerations | |
13. | Land Trusts and Legal Considerations | 165 |
Part 4 | Success | |
14. | Tigers are the Last to Starve in the Jungle | 177 |
15. | Aim High | 183 |
Appendix A | Assignment of Contract for Purchase and Sale | 205 |
Appendix B | Private Lender Script | 206 |
Appendix C | Bird Dog | 207 |
Appendix D | Property Information Sheet | 208 |
Appendix E | Letter to an Out-of-State Owner | 209 |
Appendix F | Letter to Realtors | 210 |
Appendix G | Sample Flyer | 213 |
Appendix H | Sample Business Card | 214 |
Appendix I | Telephone Questionnaire for Potential Buyers | 215 |
Appendix J | Letter to Attract Buyers | 216 |
Appendix K | Authorization to Release Information | 218 |
Glossary | 219 | |
Additional Resources | 229 | |
Index | 231 |