If you've dreamed of investing in real estate for enjoyment or financial freedom, this book was written with you in mind. Based on years of experience buying, renting out, and selling properties on behalf of clients and for her own portfolio, author, real estate agent, and investor Shazia Virani shares her tips and tricks in this concise guide.
Buying any property - whether a condominium, townhouse, detached, single family or multi-family home, or vacant land - should be planned and considered carefully.
Savvy Real Estate Investing: Create a Passive Income Stream and Make Money in Your Sleep answers many of the questions you may have about becoming a real estate investor. The book includes a downloadable forms kit with checklists and resources for you to use on your real estate investing journey.
Virani's passion for investing in properties comes through in this book as she teaches readers to create passive income in the real estate market. From the decision to become an investor, through to purchasing a real estate investment, or several investments, this book will inspire and encourage you along the way.
Reihe
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EPUB Version of 1st Edition
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ISBN-13
978-1-77040-516-5 (9781770405165)
Schweitzer Klassifikation
Do you want to grow rich in your sleep? The biggest thing coming between any individual and their dreams is their mindset, and the lifestyle proposed by society.
This book will inspire you and show you how to:
- Grow an empire of assets
- Make money while you sleep
- Leverage your assets
- Diversify your real estate investments
- Retire early
- Make money grow from an average salary
- Have a passive income stream so you can enjoy life
I can show you how to turn average income, into a multitude of recurring revenue streams through real estate. Taking the right steps and investing purposefully now can impact your well-being, your lifestyle, and your future options.
I've proven how a hard working individual can build an empire from making a couple of correct moves and decisions. This book will allow you to experience how to build net worth as an individual, and a positive background revenue stream. It's time to get out of the rate race and take control of your life.
PREFACE: A GAME PLAN IS YOUR
WINNING TICKET xiii
1 PLAN FOR YOUR FIRST INVESTMENT 1
Surviving the Rat Race 1
Buying Your First Investment 3
Building Equity and Your Net Worth 5
Yes, You Can Pay My Mortgage 11
What to Look for in a Property 12
What to Look for in Tenants 13
Property Management Companies 14
2 TIPS TO FIND INVESTMENT GEMS AND
RUN YOUR INVESTMENT EMPIRE 17
Always Follow Your Gut 19
Buy and Hold on Like a Python to Watch Your Money Grow 22
iv Savvy Real Estate Investing
3 DIFFERENT PROPERTY OPTIONS 25
Types of Properties 26
Freehold properties 26
Condominiums and townhomes 27
Commercial properties 28
Vacant land 29
Multi-family residential 30
Freehold versus Condominium 32
Condo boards and strata councils 32
Other things to consider 34
The Right Agent 35
4 BET ON THE BEST BET:
THE NUMBERS GAME 37
Know the Numbers 37
Location, Location, Location 41
How Do You Determine Property Value? 46
5 THE ART OF LEVERAGING AND
DIVERSIFYING 49
Think Big 52
Diversify Your Investments 55
Be Open to Investing Anywhere 56
6 BE CREATIVE TO ACHIEVE YOUR GOALS 59
Less Dining Out, More Investing 59
Your Mortgage Strategy 61
Accelerate and Negotiate the Mortgage 63
Make a Goal: One Property Per Year? 64
New Builds: Your Forced Savings Account 66
7 BIGGER, BOLDER INVESTMENTS 69
Let's Sell Our House and Buy a Building 69
Opportunity Knocks 71
Contents v
8 FROM RISK TO REWARD 75
Risks Now; Details Later 75
What You Can Do with Some Dollars and Sense 76
Managing Cash Flow Once It's Rolling in 78
9 READY TO RETIRE? 79
What's Your Number? 79
Buying versus Renting and Cash Flow into Retirement 83
Retirement Income 86
10 WHAT'S YOUR NEXT MOVE? 87
QUESTIONNAIRES
1 Risk Analysis and Planning 6
2 Is the Investment Worth It? Checking the Numbers 38
3 Planning Your Future 88
