High Cash Flow Rental Property Investing - VOLUME 2: Getting The Best Return On Your Money With The Least Hassles In Rental Properties That Cost Under - Paperback

by Valleywide Real Estate Investments (Author)

I wrote this introductory book based upon my real life experiences as a Cleveland Real Estate Investor and flipper. I started my real estate investment business in 2004 and have done over 350 properties since then. I started with no money and did wholesaling with houses and doubles (duplexes) in Cleveland and moved up to retail flipping, rentals and apartments.

Making money in real estate is simple to understand; Flip to create large cash reserves, inest in rentals for wealth preservation and growth through positive cash flows.

There are a lot of horrors that come with real estate wealth; the ones that can see through it can get really rich, sometimes fast.(1) Can you see past nightmare tenants? They can trash your apartment, bring bedbugs in, sue you, set up a meth lab, turn your driveway into a car washing lane! (2) Can you see through a trashed house to the finished product - knowing you have big money on the line? What about finding a buyer, what if the market changes? Appraisal? Financing?(3) You think dealing with contractors is easy - do you really think they will respect you? HA! They won't even show up for the first day of work.(4) How about city inspectors, THEY LOVE LANDLORDS! (5) Professional property management companies are going to run the show for you, you can trust them. NO WAY! In fact, in my book, a professional management firm is guilty before proven innocent.

What experience do I have? Section 8 Income Expert (So simple and routine, so little competition) ** Low Income Rentals ( The easiest money ever, if you know what you are doing) ** New Construction Foreclosure Properties (My last deal was only $25,000 That previously sold for $150,000...yes this was in 2017) ** 100's of Foreclosures and REO's bought. ** Mining for deals using direct mail and Google Adwords. (Yes direct mail still works and very very well) ** Attracting cash investors through strategic channels. What is the secret to real estate wealth CREATION? Buying low at the right price. Cash flow and other elements can be controlled, but if you buy wrong you are screwed. When you buy right you have the main benefit of capital gains plus cash flow as the bonus. Here is a fact; if you are new and need to make money, you have to flip - period. Do not even think for a second about getting wealthy from real estate rentals.What is the secret to real estate wealth PRESERVATION? Cash flow.

You can even buy too high but still shelter your capital through smart cash flow techniques, in residential or commercial.I started out investing in low to moderate-income apartment houses and single-family homes. Based on my experience, this kind of investing has the best cash flow and wealth building potential the fastest in this current economy.

But there are rules to this game, like any other business, plus it is simple but not necessarily easy. As an experienced full time real estate investor in Cleveland, I get asked a lot of questions regarding residential investment properties. However, what I always notice is most new investors don't seem to be getting "real life" information that is so critically important to any local market. It is easy to find real estate courses out there that are great for showing the many ways to make money, but what about the real life events and issues that crop up and have the potential to wipe-out the investor's profit? It's my goal to illuminate some key tips and traps of residential (1-4 units) real estate investing in this short e-book that I feel are very important, whether you are a "turnkey" cash flow investor or a rehabber. I am only briefly touching on these topics due to the very broad and large amounts of information it would take to truly cover everything from A to Z. In this introductory book you will learn how to get started and if you even want to start.