Investing in International Real Estate For Dummies

Name: Investing in International Real Estate For Dummies
Brand: Wiley-Blackwell
Price: 18.99 EUR
Availability: OnlineOnly

Nicholas Wallwork(Autor*in)

Wiley-Blackwell (Verlag)

1. Auflage

Erschienen am 26. Februar 2019

384 Seiten

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978-1-119-52755-8 (ISBN)

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Beschreibung

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Inhalt

Intro
Title Page
Copyright Page
Table of Contents
Introduction
About This Book
Foolish Assumptions
Icons Used in This Book
Beyond This Book
Where to Go from Here
Part 1 Building a Successful Real Estate Portfolio
Chapter 1 Introducing Real Estate Investment Strategies
Taking Your Real Estate Investments to the Next Level
Comparing property to other asset classes
Going beyond fixer-uppers and straightforward buy-to-rents
Focusing on Investment Strategies That You Can Use Internationally
Running Your Property Portfolio as a Business
Getting Your Financial Ducks in a Row
Understanding financing options and valuation
Getting the expert help you need
Blending Real Estate Strategies to Create a More Robust Portfolio
Keeping an open mind about different strategies
Incorporating shorter-term strategies into your portfolio
Exploring longer-term strategies for earning a regular income
Avoiding spreading yourself too thin
So Which Strategies Are Right for You?
Chapter 2 Investing at Home or Abroad: Which Is Right for You?
Deciding Whether to Invest Abroad: It's Not All about the Numbers
Playing on your passion
Tapping into available knowledge
Considering Your Budget
Assessing Your Risk Profile
Identifying where you sit on the risk spectrum
Considering country-specific risk factors
Factoring your goals into the equation
Figuring Out How You'll Manage Your Property
Drilling Down to the Right Market for You
Looking at the cold, hard facts and figures
Developing your knowledge of that country and region
Focusing Your Attention on One or Two Key Markets
Chapter 3 Treating Your Real Estate Portfolio as a Business
Aiming for Passive Income as the Ultimate Goal
Defining passive income
Looking at examples of passive income
Looking at the pros and cons of passive income
Drafting a Dream Team
Getting expert advice
Outsourcing other aspects of your workload
Finding and vetting experts, at home and overseas
Getting the most out of your dream team
Investing in Systems and Technology to Grow Your Business
Putting the right processes in place
Defining effective business processes
Saving time through software
Evaluating technology solutions
Promoting Your Real Estate Business
Managing Your Cash Flow Like a Boss
Preparing for the rise and fall of income and expenses
Maintaining a safety net with a cash buffer
Getting the Right Insurance
Insuring your properties correctly
Making sure your chosen partners have the right insurance
Chapter 4 Protecting Yourself against Market Fluctuations
Diversifying Your Portfolio with Multiple Revenue Streams
Investing for the long term and the short term
Incorporating multiple strategies into your portfolio
Seeking out other ways to diversify your portfolio
Finding Strategies That Work Well in a Boom Market
Working with the booming market
Looking at suitable boom strategies
Finding Strategies That Work Well in a Credit Crunch
Working with the challenging market
Looking at suitable crunch strategies
Doing the Opposite of What the Mass Market Is Doing
Tailoring Your Funding to Economic Fluctuations
Understanding the impact on traditional finance
Accessing nontraditional forms of finance
Considering Foreign Exchange Rate Risks
Chapter 5 Getting into the Mind-set of a Successful International Real Estate Investor
Continually Improving through Education
Tapping into a wide variety of sources
Taking time for education before you put your money on the line
Networking in the Right Places
Networking offline and online
Getting the most out of networking meetings and events
Maintaining and nurturing your network
Setting Your Goals
Figuring out what you want
Committing to and working toward your goals
Cultivating a Positive Mental Attitude
Using positive affirmations
Embracing gratitude
Visualizing for Success
Identifying the benefits of visualization
Putting visualizing into practice
Getting the most out of visualization
Harnessing the Law of Attraction
Understanding how the law of attraction works
Focusing on your thoughts and feelings
Putting the law of attraction into practice
Meditating to Manage Stress and Risk
Looking at the benefits of meditation
Making meditation work for you
Part 2 Money, Money, Money
Chapter 6 Weighing Traditional Finance Options
Finance as a Key Element of Success and Growth
Seeing the link between leverage and growth
Understanding the full range of finance options
Considering the Main Financing Factors
Looking at the property itself
Deciding between fixed-rate and adjustable-rate loans
Looking at the length of the loan
Finding the right loan-to-value balance
Weighing up repayment versus interest-only loans
Taking fees into account
Assessing a Range of Traditional Finance Products
Getting a standard residential investment mortgage
Seeking a commercial mortgage
Using a bridge loan
Taking out a second-charge loan
Getting land and development loans
Finding the Right Product for You
Dipping into International Finance versus Domestic Finance
Chapter 7 Understanding Property Valuation
Defining Value and Real Estate Valuation
Comparing price to value in more detail
Understanding the purpose of appraisals
Looking at factors that influence value
Knowing who values real estate
Seeing Why Valuation Is Fundamental to Property Success
Understanding enough to maximize your investments
Knowing the difference between yield and return on investment
Considering how valuation methods may affect your financing
Recognizing that appraisers are risk averse
Making your own valuation case
Looking at the Three Main Valuation Methods
Market comparison approach
Income or investment approach
Cost approach
Knowing Which Method Is Best for You and How Much an Investment Is Worth
Evaluating on a case-by-case basis
Doing your own appraisal research
Special Considerations for Valuing Property Abroad
Chapter 8 Looking at More Creative Financing Options
You Down with OPM? Investing with Other People's Money
Introducing the concept of OPM
Looking at OPM as a route to real estate success and wealth
Joining Up with a Joint Venture
Knowing what's involved in a joint venture
Looking at examples of joint ventures
Understanding why people would invest in you
Finding the right joint venture partner
Creating a compelling business proposal for potential joint venture partners
Dotting the I's and crossing the T's with a joint venture agreement
Securing Private Lending
Finding and approaching private lenders
Putting it all in writing
Crowdfunding Your Way to Real Estate Success
Getting Control of a Property Instead of Owning It
Applying Creative Financing Strategies Overseas
Part 3 One-Off and Shorter-Term Income Strategies
Chapter 9 Developing Properties
Knowing What Property Development Means
Deciding Which Development Strategy Is Best for You
Understanding why you need to think about the end before you start
Looking at the main exit options
Weighing which option is right for you
Keeping your target audience in mind
Giving yourself multiple exit options
Sourcing Development Opportunities
Assessing the property itself
Deciding on the right location
Finding the best properties (before anyone else)
Financing Your Development Projects
Understanding how development financing works
Knowing whether you need a development loan
Looking at other ways to fund your development projects
Working out how much it's going to cost
Figuring out what improvements are needed
Managing the Development
Knowing where you need professional help
Creating a detailed budget
Creating a realistic schedule
Communicating to keep the project on track
Preparing the property for sale or rent
Five International Locations Where This Strategy Would Work
Chapter 10 Dealing in Property Information
Dealing in Investment Property Leads: The Five-Minute Lowdown
How does it work?
How can you progress from an investment property sourcer to a retained buyer's agent?
Is this strategy right for you?
Generating and Selling Property Leads
Finding your niche
Creating value for your clients by facilitating off-market deals
Understanding the financial model
Sourcing valuable properties
Marketing the property to bring buyers and sellers together
Acting as a Retained Buyer's Agent
Knowing what it means to be a retained buyer's agent
Understanding the financial model and agreeing terms with buyers
Attracting buyers to your service
Sourcing properties effectively for your buyers
Five International Locations Where This Strategy Would Work
Part 4 Ongoing and Passive Income Strategies
Chapter 11 Making Rent-to-Rent Work for You
Defining Rent-to-Rent: The One-Minute Rundown
Addressing Rent-to-Rent's Image Problem
Applying Rent-to-Rent across a Range of Properties and Strategies
What types of property are suitable for rent-to-rent?
What approaches can you take to sublet the property?
Which approach is right for you?
Exploring change of use in more detail
Margin in the Middle: Understanding the Rent-to-Rent Financial Model
Looking at the startup costs
Getting started on a shoestring budget
Covering ongoing costs and earning an income from the property
Sourcing the Ideal Rent-to-Rent Property (and Landlord)
Evaluating potential properties
Finding a landlord who's open to rent-to-rent
Positioning yourself as a professional rent-to-rent operator
Sorting Out Your Rental Agreement
Agreeing the length of the lease and other terms with your landlord
Having a tenancy agreement in place with each of your tenants
Finding Tenants and Managing the Property
Finding good tenants
Managing the property after your tenants are in place
Identifying Five International Markets Where This Strategy Would Work
Chapter 12 Leveraging Lease Options
Understanding Lease Options and How They Work
Breaking down a lease option into its component parts
Looking at the pros of lease options
Weighing the cons
Deciding whether lease options are right for you
Understanding the Financial Model for Lease Options
Earning rental income from the property
Earning capital growth on the property
Selling the option instead of buying the property
Understanding the "consideration" payment
Considering ongoing costs
Knowing What's in It for the Property Owner
Sourcing Lease-Option Opportunities
Deciding what type of property you want and how you'll operate it
Looking for motivated sellers who would be open to a lease option
Getting the owner onboard with a lease option
Negotiating the Deal and Contract
Your monthly rent
The length of the agreement
The purchase price
The consideration
Other safeguards
Identifying Five International Locations Where This Strategy Would Work
Chapter 13 Delving into Houses in Multiple Occupation
Introducing HMOs
Breaking Down the HMO Financial Model
Sourcing HMO Properties
Converting your existing home into an HMO
Buying a property to turn into an HMO
Deciding Who You Want to Rent To
Finding the Best Location for Your HMO
Staying on the Right Side of the Law
Complying with HMO management regulations
Sorting out planning requirements
Dealing with mandatory HMO licensing
Looking at the key health and safety considerations for HMOs
Managing Your HMO
Sorting tenancy agreements
Finding and vetting tenants
Managing your tenants and the property
Scaling Up Your HMO Portfolio
Identifying Five International Locations Where This Strategy Would Work
Chapter 14 Renting to Students and Low-Income-Housing Tenants
Knowing What's Involved in Renting to Students and Low-Income-Housing Tenants
Understanding why you may want to rent to multiple tenants in one property
Identifying your tenants' needs
Looking at the Pros and Cons of Renting to These Tenant Groups
Addressing the negative connotations and downsides
Looking at the positives
Sourcing the Right Kinds of Property for Students and Low-Income-Housing Tenants
Finding the right location for students
Identifying the right location for low-income-housing tenants
Looking at the property itself
Marketing Your Property and Finding Tenants
Making sure the rent is competitive
Enticing students to your property
Attracting low-income-housing tenants
Vetting tenants
Drafting the Tenancy Agreement
Choosing the right agreement
Adding in additional clauses for these tenant groups
Sorting out the security deposit
Physically Preparing Your Property for Use
Kitting out the property for your target audience
Preparing for plenty of wear and tear on the property
Making sure the property is safe for your tenants
Managing Your Property Effectively
Checking in on the property more regularly
Managing tenants' behavior
Looking at Five International Locations Where This Strategy Would Work
Chapter 15 Providing Serviced Accommodation
Defining Serviced Accommodation
What type of accommodation does it cover?
What about the "serviced" part?
Who stays in serviced accommodation?
Looking at the Pros and Cons of Serviced Accommodation
Taking a glimpse at the positives
Assessing the downsides
Deciding What Level of Service to Offer
Covering the basics
Wowing guests with personal touches
Tailoring your offering to your target audience
Sourcing Serviced Accommodation Properties
Looking at the quality and size of the property
Choosing the right location for your guests
Preparing Your Property for Serviced Accommodation Use
Planning for the practicalities of welcoming guests
Getting the decor and overall look of the property right
Equipping the property with everything your guests need
Navigating Planning and Regulatory Restrictions
Getting the Right Business Processes and Systems in Place
Managing reservations
Optimizing your pricing
Marketing your property
Managing Your Serviced Accommodation Business on an Ongoing Basis
Identifying Five International Locations Where This Strategy Would Work
Chapter 16 Providing Vacation Rentals, at Home and Abroad
Knowing the Difference Between Vacation Rentals and Serviced Accommodation
Choosing the Right Location for You
Deciding which country is best
Drilling down to the right location
Doing your due diligence on the vacation market in your target area
Planning for Costs, Cash Flow, and Variations in Occupancy
Thinking of cash flow and costs from an annual perspective
Understanding seasonality and void periods
Overcoming seasonality challenges
Sourcing the Ideal Property for Vacation Rentals
Preparing Your Property for Use
Providing the "wow factor" through service
Including all the practical things your guests need
Making sure your property is bursting with personality
Making the property as season-proof as possible
Paying attention to the exterior
Making sure the property is safe and complies with local laws
Marketing Your Vacation Rental
Advertising your property on the right online platforms
Having your own website
Investing in professional pictures and awesome descriptions
Cultivating great reviews
Managing Your Vacation Rental
Working with a managing agent
Pricing dynamically throughout the year
Identifying Five International Locations Where This Strategy Would Work
Part 5 The Part of Tens
Chapter 17 Ten (Or So) Practical Ways to Get into the Mind-Set for Success
Tapping Into Education Resources
Using Productivity Apps and Tools
Learning to Be in the Here and Now
Cementing Your Goals Using a Vision Board or Goal List
Trying Out a Visualization Exercise, Real Estate Style
Incorporating Positive Affirmations into Your Day
Recognizing and Giving Thanks for Your Successes
Downloading Helpful Apps
Chapter 18 Ten (Or So) Other Real Estate Strategies to Consider
Delving into Buy-to-Rent (Single-Tenant) Properties
Flipping Houses
Running a Bed-and-Breakfast, Guesthouse, or Hotel
Owning or Running a Care Home
Becoming a Real Estate Agent, Rental Agent, or Property Manager
Investing in Real Estate Investment Trusts
Offering Emergency Housing Accommodation
Getting into Commercial Property
Trading in Freeholds
Index
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