Building Wealth One House at a Time: Making it Big on Little Deals

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McGraw Hill Professional, Dec 31, 2004 - Business & Economics - 272 pages
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Strategies for creating real estate wealth by star ting small--and always making the right moves

Nationally known real estate expert John Schaub learned his craft in the best way possible--on the job, and through every kind of market. Over three decades, he learned to bank consistent profits as he built an impressive real estate mini-empire. Building Wealth One House at a Time reveals how virtually anyone can accumulate one million dollars worth of houses debtfree and earn a steady cash flow for life.

Unique in that it focuses on buying houses in good-quality neighborhoods, Schaub's nine-step program includes:

  • Renting to long-term tenants, with financial incentives to pay on time
  • Avoiding the temptation of bigger deals, which invariably include bigger problems
  • A 10-year plan to pay off debt and own houses free and clear
 

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Contents

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
13 Attracting and Training LongTerm LowMaintenance 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 OutofTown Property
212
20 Making It Big on Little Deals
219

9 Buying and Selling with Agents
108
10 Buying and Selling Houses to Produce Cash FlowNow
115
11 Selling on LeaseOptions to Generate the Largest Profits
124
12 Finding and Buying Preforeclosures and Foreclosures
133
Helping Others Build Wealth One House at a Time
223
Index
226
Copyright

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Common terms and phrases

Popular passages

Page 62 - Sellers need to know how much money they are going to get and when they are going to get it.
Page 108 - Realtor because the term Realtor is a registered trademark of the National Association of Realtors and refers only to its members.
Page 111 - An exclusive listing guarantees the agent a commission if the property sells during the term of the listing regardless of who buys.
Page 62 - ... big voice declared. Betty brought him up with a start. The thumbguard had been a good deal muddier when she found it, she said; she had brushed some of the dirt off. Reilly said hotly, "What do you mean by saying it was in a much muddier condition, when you told the attorney general this morning that it is in the same condition as it was when you picked it up?
Page 15 - Buy one, rent one, then and only then look for the next deal.
Page 221 - Treat others as you would like to be treated. You can make a lot of money buying, renting, and selling houses without ever making anyone mad.
Page 87 - Sometimes a lender, such as the Veterans Administration (VA) or the Federal Housing Administration (FHA), will require that a seller pay the buyer's closing costs.
Page 14 - Unfortunately, he bought faster than he could find good tenants. Eventually, he sold most of...

About the author (2004)

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.

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