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| Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth | 
 enlarge | Author: Larry B. Loftis
Publisher: Kaplan Business
Category: Book
List Price: $19.95
Buy New: $12.00
You Save: $7.95 (40%)
Buy New/Used from $11.95
Avg. Customer Rating:  (38 reviews)
Sales Rank: 4991
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Number Of Items: 1
Pages: 256
Shipping Weight (lbs): 1
Dimensions (in): 8.8 x 7.2 x 0.7
ISBN: 1419537253
Dewey Decimal Number: 332.63243
EAN: 9781419537257
ASIN: 1419537253
Publication Date: May 1, 2006
Release Date: May 1, 2006
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description
Amass more than $900,000 in properties in one year, without using any of your own money, or that of your investors. 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.
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| Customer Reviews: Read 33 more reviews...
 Realistic approach to real estate investing. October 13, 2008
Just as the book's title covers, the author makes some very good points about investing in multi-family 4 units less residences. I agree with him that this is the best way for beginners and amateurs to acquire wealth through real estate. You really can't argue with his interest rate and tax advantage arguments. But I mostly think his strategies are the most realistic and sensible I've ever read.
He doesn't try to feed some "insight" as to picking up real estate for 60 cents on the dollar like some of these other "gurus" tell us you can. Good luck with that! If you follow this book's advice, you'll save yourself a lot of time and embarrassment. But surprise surprise... you need money and good credit to do it.
The only reason I'm giving it 4 stars instead of 5 is because I couldn't possibly disagree with his management advice more. I was actually extremely surprised to see a lawyer recommending such dangerous management practices. Maybe he does want you to get in legal trouble so he can stir up some business... I don't know.
All in all, this book is highly recommended for amateur real estate investors because I really do think multi-family is the way to go. But ignore his management advice and buy a book on property management elsewhere.
 A great how to guide to multi family real estate October 12, 2008
When I began reading the book I thought to my self: what does a lawyer know about RE investing? The book started out slow but it quickly caught my attention and I just couldn't put it down. This author gives you first hand experience on the subject and walks you through every step of the process. The book is straight to the point, and charts and diagrams complete the picture he is trying to put together. He explains why it is better to invest in multi family units properties versus single family residence AND SHOWS YOU WHY! He shows you how to calculate if you are making a wise financial investment or poor one at that. Overall there is no bull crap here. He is not some want to be real estate guru with how to get rich schemes. Actually he talks down on those gurus that hold those waste of money seminars. He is realistic with his methods and backs it up with plenty of evidence. A must have if you are looking to purchase multi dueling unit properties.
 Not quite a bullseye for me July 1, 2008
3 out of 3 found this review helpful
I have been in the real estate game for 10 years, starting with "flipping" (before it was trendy), then to building "spec" homes (because it was trendy), and finally to "hold and rent" (because I had to!). After the boom, I had several homes that would not sell and reluctantly turned to rentals as a last resort to cut down my mortgage outlay. Much to my relief, it worked!
Since that revelation, I recently set out to find information specializing in "Buy/Fix/Rent" methods and along comes this book. At first blush, it was exactly what I was looking for - and with glowing reviews to boot! Bullseye, right? Well not quite...
THE GOOD: Great introduction for beginners, providing a nice foundation of information. Definitely like his reasoning behind buying multi-family residences. Section on Valuation of Property was a good read.
THE BAD: You need to be fairly well financed for down payments, renovations, margin, etc., and have very good credit. He only buys in middle to upper middle class 'yuppie' areas, that are near where he lives. That may not apply to everyone. He disregards lower income and out-of-state areas as options (I found his explanations a bit unsatisfactory). He also advocates being the property manager, which is a legitimate full time job (believe me, I know!). His long-term success relies largely on appreciation and buying more properties by pulling out equity with refinancing, which is tough sledding these days (not his fault, he wrote this when that was not an issue).
THE UGLY: At the risk of being offensive, his blurb on Selecting Tenants was laugh-out-loud funny. I guess his gut is the divining rod of the rental world. Sorry, I could not resist commenting on that.
In conclusion, this is a quick read and there are some solid pieces to the puzzle (especially if you are a beginner), but I can't quite adapt this to my situation.
Great Book March 30, 2008
0 out of 1 found this review helpful
I would recommed this book to anyone who is looking to branch out into real estate (residental property). I have 3 properties and they are producing good wealth, plus I never worry about them being vacant.
review March 24, 2008
0 out of 1 found this review helpful
very good book. organized, but could have been shorter had it left out some of the ideas not related to duplexes, triplexes, and quads. overall, would def reccomend.
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