America's real estate market remained robust even during the recession of 2001-2002, and demand is expected to increase. Research reveals that consumers are jumping on the real estate bandwagon like never before, both as investors and as homebuyers. Financing is a critical factor in structuring real estate deals, and both beginners and pros alike are hungry for information about all the options. For the first time ever, real estate attorney and best-selling author William Bronchick presents a comprehensive picture of exactly what's available. In clear, step-by-step language, he outlines: *How to understand the mortgage loan market, including the advantages and disadvantages of various types of mortgages *Which mortgages make the most sense, depending on the investor's particular situation *Legal and ethical alternative real estate financing methods, including contracts for deed and lease/options Financing Secrets of a Millionaire Real Estate Investor also includes sample forms, letters, policies, and procedures. It is the definitive insider's guide to traditional and creative real estate financing, eliminating the need for additional books on these subjects.
Most Helpful Customer Reviews
This book had so many good finaning ideas, I read it three times! Whether you are buying as an investor or a homeowner, this book will show you real-life formulas for buying with little or no money. This is the first book that explains real estate financing in a way for the lay person to understand. The author, an attorney, has a real knack for making "legal jargon" understandable. I would recommend this book to ANYONE who is either buying a home or investment property.
Well, Bill Bronchick has done it again. Following his excellent resource Flipping Properties, he's taken the complex subject of creative real estate financing and broken it down into it's component parts and explained each one clearly and concisely in simple language anyone can understand. In the section What to Expect from this Book he says, "This book will show you how to finance properties with as little cash as possible, while maintaining minimum risk and maximum profit." And he does. Covering such subjects as loans, mortgages, foreclosure, and working with lenders, he gives you the background you need for the later subjects of creative financing, hard and private money, getting involved in partnerships and equity sharing and the more creative subjects of lease options and owner financing. While the book is geared primarily toward real estate investors, it is an excellent guide for any person considering buying a new home or considering doing some kind of creative...
This book was a quick and easy read, with great insight on some pretty creative financing ideas. Unfortunatley, there is little beef in regards to applying these ideas. The most difficult part about creative financing is getting the seller to buy into it. With lots of links to Bronchick's website, you kinda get the feeling your answers will come via one of his webinars and product packages ::wink wink::. despite this, I am glad I read it, and highly recommend it for the rookie who wants to learn more about real estate investing and lending. Bronchick breaks down alot of Lending "Jargon" and includes a very nice glossary and appendix. Seasoned investors will read this, stare blankly for 7 seconds and say "Duuuuh!" If there were half stars, I would give it 3&1/2 stars, But I dont think it gets a 4.
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