by Scott Frank, Andy Heller
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Product Description
Facing a volatile stock market, many people have turned to real estate as a way to invest their hard-earned money. While many investors opt to buy property and then sell it quickly, other investors choose to hold onto their property for a longer period of time to realize a greater return on their investment. Real estate experts Scott Frank and Andy Heller have developed a proven and diversified program for real estate investing that incorporates both approaches and enables investors to take control of their financial futures and build wealth over time. Their new book, Buy Low, Rent Smart, Sell High: Real Estate Investing for the Long Run outlines a win-win-win program, one where average people can reap significant financial rewards by investing in real estate.
* Win One: Buying Low - The investors first win occurs by purchasing real estate at a 10-20 percent discount by seeking out motivated buyers and avoiding paying agent commissions. The book reveals the secret to buying foreclosed homes with clean titles from banks and mortgage companies.
* Win Two: Renting Smart - The property is rented through a lease/purchase agreement. Not only does the investor get a down payment from the lease/purchasee, but he or she also receives monthly rent that usually exceeds the monthly mortgage payment. Also, the lease/purchasee takes on the maintenance and repair responsibilities and tends to be a better tenant in return for their special lease/purchase terms. In addition, as the owner of the property, the investor is able to receive tax write-offs.
* Win Three: Selling High - The final win results when the lease/purchasee exercises his or her right to purchase the property. The owner has realized the benefits of owning the property and has sold it to the lease/purchasee without agent commissions. If the lease/purchasee decides not to exercise his or right, the investor still wins because he or she can either extend the lease purchase agreement and increase the purchase price (based on property appreciation) or enter into another lease/purchase agreement with a new tenant and begin the cycle of wins all over.
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Average Customer Review:
0 of 0 people found the following review helpful:
 Buy Low, Rent Smart, Sell High, 2008-08-10
This product promises more than it delivers, like their book, the claims make big promises, but there are lots of disclaimers, and no real meat, just ideas which are supposed to be real good, but who knows. It seems to be another link towards buying more of their stuff.
0 of 0 people found the following review helpful:
overall pretty darn good, 2007-03-22
Book was very simple to read, finished it in 2 days, probably could of done it in one except for a big accounting test got in the way. The book gives you another strategy on real estate, and it is very inspiring to get you off your butt and go do it.
0 of 0 people found the following review helpful:
 enlightening, 2007-01-09
absolutly fantastic...
gives you new ideas and way to do real estate in a way that really appeal to those who not just want their success but seeking other's too.
4 of 6 people found the following review helpful:
Great Book , 2006-10-09
I do not read many books from cover to cover. This one I read. I found it very useful and informative. I had two properties that I purchased at FMV. I have since purchased two other properties since reading this book. They were HUD foreclosed properties that I purchased at 75% below FMV minus repairs. I used my own money, fixed them up,refinanced them and got an 80% loan. I pulled back all my money plus I now have $19,000 of equity in one and $16,000 of equity in the other one. I did walked away with $5k and $3k respectively after expenses. I did a lease purchase but not their way. I did the non-qualifying with the big money up front. Their way did not work for me. I tried it though. This book really got my brain to churning. It is not a get rich quick book but if you are serious and looking to build wealth I think this is a good book to read. I call it my real estate bible. I am currently trying to find one that is better or just as good but have not found it so far.
3 of 8 people found the following review helpful:
REOs aren't a bargain, 2006-07-06
Its the same ole same ole... besides, you find better deals working with a REALTOR(R) looking for motivated sellers in the MLS. First, when a notice of default is published every real estate agent and their brother in the area is hounding the owner to list and sell before foreclosure and REO (so many do), and second, if it does go REO, there are so many bottom feeding sharks looking for a "good deal" in an REO, it gets bid up and often goes over market in a feeding frenzy...
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