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| Real Estate Debt Can Make You Rich: What You Owe Today Is What You Will Be Worth Tomorrow | 
 enlarge | Author: Steve Dexter
Publisher: McGraw-Hill
Category: Book
List Price: $21.95
Buy New: $4.79
You Save: $17.16 (78%)
Buy New/Used from $4.05
Avg. Customer Rating:  (7 reviews)
Sales Rank: 545381
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Edition: 1
Number Of Items: 1
Pages: 256
Shipping Weight (lbs): 0.5
Dimensions (in): 8.8 x 5.6 x 0.6
ISBN: 0071472819
Dewey Decimal Number: 332.6324
EAN: 9780071472814
ASIN: 0071472819
Publication Date: October 17, 2006
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description
LEVERAGE THE LOANS AND FINANCING THAT CAN GIVE YOU BIG PROFITS! You don?t have to wait for years saving up your first down payment before you start investing in real estate. Instead, you can put up a small percentage of a down payment and let a loan from the bank finance the rest. When it?s time to sell, you pay the bank for the original loan, and any profit goes right in your pocket. But even seasoned real estate investors need a guide to help them through the maze of different loan products and financing options that banks offer. Real estate finance expert Steve Dexter takes you into the hidden world of leveraged investing-essentially using ?other people's money? to earn massive profits. With simple, straightforward advice, this book? - Offers strategies for minimizing a down payment in order to maximize investment return
- Simplifies all tax issues related to real estate debt
- Gives strategies on making yourself more creditworthy
- Provides bonus insider advice on how to find the best properties
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| Customer Reviews: Read 2 more reviews...
 Good Book -- Sheds New Light on Loans January 2, 2009
While perhaps aimed at newer investors, this book also provides useful information for experienced investors.
I particularly liked the section describing "rate sheets". Rate sheets are what lenders, like the author, use to set the interest rate that borrowers receive for their home loans. The more risk factors that a borrower has, the more points they have to pay, and ultimately the higher the interest rate.
The author has a table with a column of all the risk factors that are considered, and a column of the points each risk factor will cost you. A few examples:
credit score below 620% = 0.5 points
non-owner occupied with 75-80% down = 2.0 points
loan amount <$100,000 = 0.5 points
loan amount <$50,000 = 1.5 points
manufactured home = 0.5 points.
The whole process is explained in a very understandable way.
The author writes in a way that is very accessible to the reader. He allows the reader to understand the process behind a loan, and describes how to improve one's chances of getting the best loan for his needs.
I liked his advice to hold free and clear properties, and for rapidly paying down loans with appreciated equity and not after-tax income.
The author provides a long list of useful web addresses in the Appendix that I found quite helpful.
This is a book well worth reading.
Explanation of mortgages for investors!!!!! June 27, 2007
1 out of 1 found this review helpful
This book explains how to select what type of mortgages you may want for investing in real estate based on your situation. It gives pros and cons of each type of mortgages such as stated income and no documemtation programs. Also it suggests how to use different types of mortgages according to the type of investment strategy you plan. This book is a must read for new investors who want to know about mortgages tailored for investors of real estate.
For Those Not Familar with all Types of Loans February 22, 2007
0 out of 1 found this review helpful
This is a good book for people who want to expand their knowledge of some of the non-traditional types of loans. It goes into the pro & cons for each and different scenarios where they apply. If you are looking for a system to create wealth with real estate this book probably isn't for you.
 Real Estate Debt Can Make You Rich: What You Owe Today Is What You Will Be Worth Tomorrow January 15, 2007
1 out of 7 found this review helpful
Interesting book, worth the read. Definitely take the time to read the Rich Dad series
Good Info January 10, 2007
3 out of 4 found this review helpful
Got good overview on whatch outs and not to do things in investment. Eye opener. first part tied in to what I was doing, which I thought was wrong. But what was more imoprtant, was the way I was figuring out what to do next. Lots of good information and explanations, specially for me, a begining investor.
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