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| | Location: Home » Buying a House » General AAS » Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth | December 1, 2008 |
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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: $11.99
You Save: $7.96 (40%)
Buy New/Used from $11.90
Avg. Customer Rating:  (38 reviews)
Sales Rank: 14826
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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| Customer Reviews:
 Better than I ever expected October 21, 2006
57 out of 59 found this review helpful
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.
Very informative September 11, 2006
39 out of 41 found this review helpful
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...
Everything I expected and more August 29, 2006
15 out of 16 found this review helpful
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.
Great Resource August 24, 2006
8 out of 10 found this review helpful
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++
Great book August 24, 2006
2 out of 6 found this review helpful
I saw this book in Newsday newspaper in real estate section and decided to buy it. Its worth reading it. Great tips on In vesting in multiple familiy houses. This book has everything you need to know about investing in multifamily properties.
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