Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth
Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth
|
 List Price: $9.99 Sale Price: Too low to display. Availability: unspecified 
|
Product Description
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.
Details
No features available.
Rating
I really enjoyed this book. Larry does a great job focusing new investors on 2-4 family apartment buildings…otherwise known as residential multifamily properties. They are easier to finance, manage and are typically owned by non-institutional investors so the potential for negotiating more favorable deals with the sellers is greatly enhanced. In my own book, 2 Years to a Million in Real Estate, I subscribe to the same philosophy regarding property acquisitions and agree that investors need to buy at least a triplex to generate a positive cash flow. If you acquire a property for appreciation only and it doesn’t generate a positive cash flow, you might not last very long in this business.
Matthew Martinez
Author: “Investing in Apartment Buildings: Create a Reliable Stream of Income and Build Long-Term Wealths” and “2 Years to a Million in Real Estate”
http://www.matthewamartinez.com
Rating
I like this book. It gives me the tools I need to start investing in real estate. There is more than one way to invest, and Larry Loftis explains the different strategies in a way that is easy to understand. He also explains his own approach and shows how it has worked so well for him. If you want a good primer on how to get started, and how to keep going, I recommend Investing in Duplexes, Triplexes and Quads: The Fastest and Safest Way to Real Estate Wealth.
Rating
I purchased this book last week and have not been able to put it down. It is full of great information and has been really helpful in teaching me how to go about investing in these types of properties. I would definately reccommend this book to beginners or advanced real estate investors who want to recharge thier batteries! A++
Rating
After owning 3 condos I decided it was time to move into multi-unit properties. I had some basic knowledge, but wanted to know what I didn’t know and some tactics and strategies as I moved into this new realm. Mr. Loftis took a very structured look at the subject from beginning to end and refreshingly also gave credit to other authors and acknowledged there is more than one way to skin this particular cat. The one thing I would say is the appreciation numbers are likely a bit optimistic for most areas considering where the real estate market appears to be heading(8/2006), but if you can’t modify them for your area you shouldn’t get into the business. In short, an excellent book – both informative and well written.
Rating
I am an owner of a few rental properties which I kind of stumbled upon but which have provided me with some steady income. I was intrigued and decided to pick up Mr. Loftis’ book.
My experience has been in lower class neighborhoods. While Mr. Loftis touches upon investing in areas such as those, he prefers to buy triplexes/fourplexes in “yuppie” areas. He clearly states that the monthly income from the lower class areas is usually higher, but that the appreciation in the higher end areas more than makes up for that.
Loftis’ explanation is quite detailed. He explains how to use the GRM to help you find a suitable property. By fixing up your property in a high GRM neighborhood, you can build considerable equity.
He also explains how he chooses his renters and has some example leases that you can use. He debunks some of the “wisdom” spewed out by many of the real estate “gurus”. He explains how to use a 1031 exchange to free up some capital for further investment and how you can use refinancing to do the same.
In short, there is everything here to get you started on your way to being a successful residential multifamily property investor. Give the book a try…
Rating
Instead of delivering a few nuggets of information, this book delivers the gold mine. It’s written so well that page after page, chapter after chapter, it delivers just the right information at just the right time. I couldn’t put it down and read through it in just 3 evenings after work (I can’t believe I’m saying that about a real estate investment book).
The author gets right to the point and gives you the facts about what works and what doesn’t work for investing in real estate. He shows you how investing in multi-family properties (2 – 4 family dwellings) is the easiest, lowest cost, and least risky way to get started making your fortune. He takes you from knowing nothing to being fully armed and ready to go make your first purchase. Best of all, he shares many intimate details on his own purchases, deals he walked away from, and deals he wished he would have completed.
When you’re done with the book you understand: 1) how to find properties, 2) how to determine the value of a property, 3) verification and due diligence, 4) the process of making offers, 5) how closing works and what to expect, 6) managing your property, 7) the ins and outs of the three key real estate growth strategies: Buy and Hold, Refinancing, and Pyramiding.
Now that I have read this book, I’m already out looking at multi-family properties and will soon be completing my first purchase. I’m just an average guy with not much in savings, but with what I have learned from this book I can see a clear path to making several million dollars in real estate in just a few years. All that for just the $12.97 I paid for this book on Amazon… it almost seems unfair.
Rating
This was a very good book about real estate, and gives a clear strategy on how to establish yourself as an investor while taking advantage of tax scenarios. Eve further he gives great references to other books that he reccomends, of which I have read many. The reason I dont say this is a great book is that there are some things that arent addressed very well. For instance, this book is written from the perspective that you will have rapid inflation appreciation on housing, and that multifamily residential is at even pace with single family (it isnt). It also doesnt consider interest rates (rising) as it relates to refinincing – and whether that is a good idea. Instead it treats rates as a constant. Other than that, this is a really good book.
Rating
Friends, I was concerned (somewhat
when I saw the Esq. after the author’s name. I was expecting that the writing would be a little hard to understand (read too complex). But my fears were unfounded. Larry Loftis has written a book on a complex subject but has written it so that anyone can understand.
This book is logically divided into four parts:
1. To begin, Larry builds the case for real estate investment.
2. In the middle, he covers both the buying and the holding and selling processes.
3. To end, Larry summarizes and reiterates everything previously covered but shapes it into a comprehensive wealth-building plan which can be modified for each reader’s specific circumstances.
The book focuses on multi-family residential properties but seems to me a good part of the logic translates to most any real estate property.
I don’t think Larry set out to write a motivational book on real estate investing as much as an informational one; but, he so thoroughly lays out the “whats” and “what fors” that this reader got excited about the possibilities. Read this book and I dare you not to get excited too!
Rating
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.
Rating
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.