Book Description
"This is simply the best book on the topic.”
—Randall Bell, Author, Home Owner's Manual
"Tyson and Griswold have truly opened the world of real estate investing to all by tackling often complex issues in this easy to understand and use book. I can't think of a better way to get smart about building wealth through rental properties than to read their excellent Real Estate Investing For Dummies!"
—Vern Hoven, CPA
Non-prime time TV is cluttered with infomercials about how you can buy non-prime real estate for next to nothing and get rich quick. Common sense should tell you that’s an exaggeration. (If common sense doesn’t tell you, bankers will.) Nevertheless, it is possible to get rich gradually by investing in real estate. Long term, you can expect to realize an annual return of 8 to 10% a year.
Real Estate Investing for Dummies gives you the keys to successful real estate investment, whether it’s in single family homes and condos, apartments, vacation homes, commercial properties (office, industrial, and retail), raw land, or REITs (Real Estate Investment Trusts). With guidance from authors Eric Tyson, MBA, a financial counselor, and Robert S. Griswold, a veteran real estate investor, you’ll discover how to:
- Find and buy the best properties at a fair price
- Capitalize on opportunities such as foreclosures, no money down deals, auctions, tax sales, and more
- Secure financing and good mortgage terms
- Value, evaluate, and negotiate everything to do with real estate
- Work with agents and other professionals
- Project income potential and cash flow
- Handle contracts, inspections, and closings
Whether you’re interested in a fixer supper for rental, premier office space you can lease, or a vacation home you can enjoy and rent, when you become a buyer, you also become a landlord. That means you can hear from tenants any time, night or day. It means you may not hear from them when the rent is due. Real Estate Investing for Dummies also helps you:
- Find and keep good tenants
- Negotiate lease agreements
- Insure and maintain your property
- Keep good records for tax and accounting purposes
Remember, with any deal, you have to know when to hold them and know when to fold them. So Real Estate Investing for Dummies gives you guidelines on when and how to sell and how to reinvest to build wealth. It also lists 10 real estate investments you shouldn’t touch with a 10-foot pole. Especially if you’re tempted by those late-night infomercials, that warning could save you a fortune!
Customer Reviews:
Great Information, but with a verbal tick.......2007-09-21
This book is stupendous! It covers a tremendous amount of information to get you started in real estate investing. My wife and I are starting a real estate holding company and this book has been the foundation of our learning.
The only strange thing about the book is that for some reason the authors decided to only use the feminine pronouns "she" or "her" when referring to general individuals, such as "It's very difficult for an owner to lose her home and it's often even more difficult for her to..."
At first this was just odd, but it became a real distraction and annoyance that they never use "he or she" or the common practice in English of using the male pronoun for such situations.
Despite this sort of printed verbal tick, this is an excellent book with a lot of information.
Quick Arrival.......2007-09-06
I was amazed at how quickly I received this book. The book was in excellent shape.
Details, details and more details ..........2007-07-09
This book is a great companion to other books of a more thoeretical nature. Many real estate books focus on why you should invest and the benefits of investing.
This book does that, but then goes one step further. I think the authors and the 'For Dummies' team need to be congratulated as they have given everyone enough detail to make some very solid decisions about your investing.
Very worthwhile and definately well worth the $$. And very solid to know it's written by investors not salespeople.
house buying.......2007-06-15
Good book. Extremely in depth. This book will give you the big picture on buying a house. But most importanly should help you to avoid buying a house using the wrong criteria or reasons(ie. helps avoid a bad investment).
Good read.......2007-04-11
I'm still reading this book. It is organized well, easy to understand and perfect for anyone who is considering entering the world of real estate investing.
Book Description
The definitive MBS guide, with fully updated material on the latest mortgage-backed products, methods, models, and portfolio strategies
By providing hands-on information vital to market participants, previous editions of The Handbook of Mortgage-Backed Securities were instrumental in fueling the growth of the mortgage-backed securities market. The sixth edition contains all the elements that made previous editions so successful and influential, and provides you with more than 25 new chapters on topics including collateralized mortgage obligations, prepayment derivatives, loan level determinants of repayments, new approaches to MBS valuation, and a survey of non-U.S. mortgage rates.
Customer Reviews:
Definitely lacking, but OK for traditional mortgage products.......2007-03-27
I have to say that Fabozzi has the formula down pat--he gets "guest writers" to contribute various chapters to this book and does very little writing himself. The result is a disjointed, sometimes repetitious, other times incomplete volume. This book focuses extensively on agency mortgages--Ginnies, Fannies, Freddies--and speaks only a bit to the Alt-A, subprime and more exotic privately-originated mortgage markets. To call this book comprehensive would be a lie. Although this book was highly recommended to me by a PM at a traditional long-only manager, I can only guess that previous versions were better, because this one was certainly a high-priced primer that still left many areas of the market uncovered. Areas that are glaringly missing (beyond non-agency topics) include the role of hedge funds, loss mitigation/foreclosure processes, more info on EPDs, and the erosion of lending standards/rise of the subprime market. I think that a chapter on common mortgage origination fraud issues is also merited.
This book is good for the basics, on agencies. Beyond that, it may leave you scratching your head and wondering, "And...." because there is a palpable sense of incompletion. Borrow this book from someone else that already has it--don't buy it!
Good book.......2007-01-26
If youre in the MBS business, you gotta have this as a reference book if nothing else. Its the industry standard. Item showed up brand new and good delivery.
Excellent but Compiled Work.......2003-02-15
I have seven years of experience selling these products, and I use Fabozzi's book often. This is a good reference, and a good treatment of mortgage and asset backed securities. I only gave it four stars because the fact that this is a compiled work of research material interrupts the flow of ideas. On the other hand, there is some merit to getting different angles on the subject from different viewpoints.
One caveat. Mortgage derivatives used to mean calls and puts on mortgage backed securities. Today, however, entire portfolios of mortgage risk are laid off in the form of credit derivatives.
Tavakoli has the best treatment of that topic in the book: "Credit Derivatives".
A major reference.......2000-08-02
A vast collection of articles by practitioners on Wall Street, this book covers a broad number of topics on Mortgage Backed Securities. While not a scholarly approach, 'street research' typically aims to educate the fixed income portfolio manager.
Fabozzi handbooks are overrated.......2000-06-28
It's the industry standard. Everyone has one. It stands alone in its field. And if you're reading this you're probably going to buy regardless of what is written here.
But I've found this book (along with some of the other Fabozzi 'Handbooks') to be overrated. Basically, the format of 30 or so different authors each writing a chapter in the form of an article diminishes the usefulness of the book. There is no narrative, pedagogical or otherwise. The format leads to significant gaps in coverage. The quality of the chapters is uneven, as is the level of detail covered.
Don't misunderstand me -- the Handbook isn't bad, by any strecth of the imagination. It's just not as good as it could be. It has almost no fluff, and all the information in it is good. And the competition is a very slim field. For many things Fabozzi is not only your best choice, it's your only one.
Book Description
Commercial mortgage-backed securities (CMBS)-securitizations of mortgage loans backed by commercial real estate-have become compelling devices for fixed income investing. This title, edited by renowned financial expert Frank Fabozzi, describes the structure, valuation, and performance of CMBS, illustrates an empirical framework for estimating CMBS defaults, instructs how to value prepayment and credit risks of CMBS, and more.
Product Description
In recent years, stock market investing has been proven unstable and not very rewarding. In fact, many people have seen their retirement and personal holding accounts dwindle. This new book provides an alternate to investors. It provides detailed information on how to put money to work in a relatively safe private mortgage investment with a high return of 12 to 15 percent (or more) in most cases. Private mortgages have grown into a multi-billion-dollar industry. This market allows investors to earn substantially higher yieldswhile offering the security of real property to back the loan. Private mortgages have become an important fixed income vehicle for many investors with their personal funds, equity, and self-directed IRA accounts. Private mortgage investing isnt for the get-rich-quick type of person. However, you can comfortably double your money every 4 to 6 years. For example, should you invest in your self-directed IRA and re-invest as notes pay off? $100,000 at 12 percent grows to over $200,000 in six years, to $500,000 in 13 years and to over $1 million in 19 years. Private mortgage loans are backed by real property. Generally, you would not lend more than 55 percent on the value of the property, thus the investment is again relatively safe. Instead of concentrating on the borrowers credit history, private mortgage lenders concentrate their investment decisions on the real property itself. However, like any business or investment, there are a lot of details to learn, and you do not need to learn them on your own. Learning them on your own can be costly. In this economic environment of very low interest rates, you can still earn high yields with virtually little or no risk to your investment.
Customer Reviews:
Solid guide to private mortgage investing.......2007-03-27
Clark's book covers the basics that any investor will need to know, including why to choose private mortgage investing (and what your other options are) and how to go about doing it. It covers all of the different aspects of mortgages such as fees, interest rates, and even has handy tables to help you out. The appendices are the best feature as they have all the forms you will need as well as a comprehensive glossary (very useful!). This book covers everything you need to know to succeed, but were too scared to ask about. It even has case studies and examples explained with real numbers that help tie the whole thing together. I would recommend this book to anyone wanting to start earning money with private mortgage investments.
Invest in this book today.......2007-01-03
This book is straightforward and gives you a tremendous amount of information about investing in private mortgages. Unlike a lot of books of the investment genre, it does not try to sell you on services provided by the authors. In fact, I wish the book had a bit more reference material for making contacts to get started with this type of investing.
Desk Reference for ANY Investor!.......2006-12-20
Clark and Tabacchi have created a masterpiece of an educational and supportive tool that should become a desk reference for any investor from amateur through industry mogul. By providing the reader with an organized and easy to understand manual on the otherwise opaque investing industry, Clark & Tabacchi display their expertise in this subject matter by guiding the beginning investor through the processes of choice from traditional savings through stocks and bonds on to the lucrative market of Mortgage Investing.
The explanation of the reasoning behind the private mortgage industry that tells you why you would want to find yourself in this industry gets the juices flowing and interests peaked. Your journey includes a thorough exposure to strategies of Mortgage Investing, this resource is a must have companion.
A complete and honest investment guide.......2006-10-20
This is a well organized and very easy to understand investment manual, whether you are a newcomer or an old pro in the business of real estate. Included case studies and tables are effective in illustrating the process and possible outcomes of private mortgage investing. The author clearly explains all of the parameters to be considered when taking advantage of this type of investment opportunity. Points, fees, and procedures relevant to mortgages are explored in great detail. Safety measures, tax considerations, and foreclosure processes are also discussed, with examples of what could go wrong, and how to avoid losing your investment. This is a complete and honest assessment of private mortgage investing, with excellent references and suggestions of how to get started or increase the success of your investment activity.
Everything you need to know to succeed at private mortgage investing.......2006-10-10
Before reading Private Mortgage Investing, I knew very little about private mortgages. However, after reading it, I feel as though I really have the information I need if I decide to take this path of investing. This book provides an in-depth look at every aspect of private mortgage investing from getting the most out of your IRA to ways to invest your money. One of the most helpful sections of the book was the discussion on how to find potential borrowers - and discovering there are plenty of them out there. In fact, it was surprising to learn that 1.9 million homes were purchased by investors in 2004 - that's 23 percent of all home sales!
For me, the best part of this book is the case studies. Reading about an 18-year-old who is already investing her money and a 73-year-old who turned to private mortgage investing is an inspiration - it proves that anyone can invest their money in private mortgages and make a nice profit. Furthermore, the case studies provide valuable tips - such as the importance of working with a reputable, trustworthy broker - from investors who know what it takes to succeed.
There are also eight exhaustive appendices, one of which includes sample forms, among them an example of a mortgage note and a mortgage commitment letter. The second appendix features a complete loan package from a broker. Everything you need to get started is in this book! All in all, Private Mortgage Investing is a must-read for anyone interested in really learning how to get into private mortgage investing.
Book Description
Real Estate Investor's Online Toolbox will enhance your success as a real estate investor by using the Internet as your primary resource. Topics will include:
-Searching for investment properties online
-Evaluating single-, two-, and multi-family units
-Buying property in out-of-state markets on a national scale
-Short-term vs. long-term gain
-Finding the right mortgage
-Preparing your loan application
-Hiring an appraiser
-Negotiating a real estate contract
-Listing your home and determining its list price
This book will include all the fundamentals of real estate investment online, and will help you maximize your resources for successful real estate investment.
Average customer rating:
- Good for a brief overview, but I wouldn't call it a "Guide"
- Great Starter Guide
- Beginners Complete Book to Finance
- Limited introduction to finance...I expected more from WSJ
- a great introduction, but that's all
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Wall Street Journal Guide to Understanding Personal Finance: Mortgages, Banking, Taxes, Investing, Financial Planning, Credit, Paying for Tuition
Kenneth M. Morris , and
Alan M. Siegel
Manufacturer: Fireside
ProductGroup: Book
Binding: Paperback
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Similar Items:
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Wall Street Journal Guide to Understanding Money and Investing (Wall Street Journal Guide to Understanding Money & Investing)
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The Wall Street Journal Guide to Planning Your Financial Future, 3rd Edition (Wall Street Journal Guide to Planning Your Financial Future)
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A Woman's Guide to Personal Finance
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Standard and Poor's Guide to Money and Investing (Standard & Poor)
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The Wall Street Journal Guide to Understanding Money and Investing, Third Edition
ASIN: 0671879642 |
Amazon.com
Kenneth M. Morris and Virginia B. Morris update this now classic handbook to the fundamental principles that govern personal financial management. The Wall Street Journal Guide to Understanding Personal Finance covers the basics of banking, credit, home finance, financial planning, investing, and taxes in a concise and unambiguous manner. The details--amplified by graphics and peripheral data that consistently make its points easier to understand--range from the pros and cons of different types of banking institutions and the various kinds of checking accounts they offer, to the methods available for handling credit-card billing errors and the steps to employ when deciding how large a mortgage one can afford. Obviously, a book of this nature cannot fully answer all questions that might arise in every area it addresses; this one, however, goes a long way toward providing the relevant information that most readers will need to make knowledgeable decisions on their own. --Howard Rothman
Book Description
The Wall Street Journal Guide to Understanding Personal Finance gives you clear, simple explanations of the complexities you face every day in your financial life. This revised and updated edition also includes the information you'll need to make smart decisions about -- and avoid the pitfalls of -- banking, credit, home finance, financial planning, investing and taxes.
Customer Reviews:
Good for a brief overview, but I wouldn't call it a "Guide".......2005-06-21
A book that calls itself a guide should be full of information that the reader can take and use on his/her own. This book has a good overview of finances, but it does a poor job of relating one branch of finance to another. There is no building of knowledge for the reader, so it is as if you are reading a different book on each page. For a book issued by the Wall Street Journal, I was rather disappointed.
Great Starter Guide.......2005-06-08
Most of us have some gaps in our understanding of personal finances. This approachable guide lays it out briefly and understandably. Since my attention span is short for this topic, this is the kind of guide I needed.
For instance, the two-page section on DEALING WITH A LENDER, shows a loan application form with 6 boxed explanations for parts of the form.
You won't learn everything you need to know in two-page bites, but it gets you briefed on everything from mutual funds, making a will, getting insurance, understanding credit card statements, 401(k) plans, your W-2 form, etc.
Once you grasp the basics, you can find a book specifically on wills or whatever you are dealing with at the moment.
Gaining control over your finances can start with this book!
Beginners Complete Book to Finance.......2004-11-19
This book is filled with illustrations and is great for beginners or for those who are more visual learners. I personally didn't find this book extremely helpful because I have a background in finance but the illustrations and information is helpful for tutoring and explaining some of the concepts. It is also a good review tool or handy reference guide when you have a quick question about finance matters. In addition the range of material covered is great. You won't find this much investment information in one place so concisely organized.
Limited introduction to finance...I expected more from WSJ.......2004-07-07
I've just graduated from college and wanted to learn how to not be poor anymore. I bought this book because I knew about Wall Street Journal's reputation for expertise and in-depth analysis of the economy etc. What I didn't expect was a book equivalent to a children's primer on personal finance. It's not bad, per se, it's just not what I expected from the Wall Street Journal.
The book covers a broad range of topics from paper money to mortgages to stocks and bonds. Unfortunately, the coverage is shallow, mostly giving definitions of what things are. The book consists of teen magazine-like layouts of pictures, graphs, and diagrams. Some of the information is helpful while some of it is interesting but trivial, and all of it is in colorful, bite-sized portions. While it's entertaining and easy-to-understand, it's also quite "fluff"-y at times.
It's a good introduction to personal finance for someone who doesn't know much about how money works beyond how to buy things. It may be ok for new high school or college grads, either as a reference or a first book on personal finance but it's not at the level for anyone who actually wants to start investing and already knows the basics. Ironically, it seems to be below the level of Wall Street Journal readers. I have since given my copy away. For someone who already knows the basics but wants a introduction to investing, I enjoyed "The First Book of Investing: The Absolute Beginner's Guide to Building Wealth Safely" by Samuel Case. It's the only other book on investing I've read (I bought it on sale on a whim), but it was clear and informative, albeit a little optimistic.
a great introduction, but that's all.......2004-06-21
this book is a great introduction to personal finance, including banking, loans, investing, taxes, and retirement planning. it covers all of the basics, provides a nice, clear description of the processes and the structures of documents, and a glossary of important terms.
however, it's just an introduction. the book doesn't spend more than a few pages on any subtopic (ie the structure of a paycheck, the basics of a tax form). for details you'll have to go elsewhere, so keep that in mind.
as such, i'd reccomend this book to someone who is just learning the basics of money and the world of personal finance. it's a big world, you don't need to start with all of the details, so this is a good place to start. but very quickly you'll find you need more information, and you'll outgrow this book.
Average customer rating:
- Sheri Harvey works for Martin Goodman
- Great read. Good information. Goodman knows his stuff!
- Thorough, concise and informative.
- A must read for mortgage fund investors
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Earning High Yield in a Low Yield World: Your Guide to Understanding California Mortgage Pools
Martin I Goodman
Manufacturer: iUniverse, Inc.
ProductGroup: Book
Binding: Paperback
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| Business & Investing
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Introduction
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ASIN: 0595390846 |
Book Description
Most investors want to earn high yields with reduced risk. Mortgage pools offer an excellent opportunity to diversify your portfolio and increase your investment yield. It always amazes me how little investors really know about the company in which they are investing. I have given dozens of seminars and met with hundreds of investors, and maybe one out of ten asks the smart questions that let them make a sound investment decision. This book unravels the mystery of mortgage pools and their underlying assets. It was written to help investors intimately understand mortgage pools and how to conduct the necessary research to determine which investments are right for them. Obtaining higher yields takes work, but with thorough due diligence and a comprehensive understanding of the investment, you can achieve the yields you desire and sleep well at night too.
Martin I. Goodman, Founder
Residential Capital Mortgage Income Fund, LLC
Customer Reviews:
Sheri Harvey works for Martin Goodman.......2006-10-03
It's interesting how Mr. Goodman's book gets a 5 star review from Sheri Harvey. When you start to peel back the Res Cap onion, you will learn that Sheri Harvey is his Director of Wholesale lending at Residential Capital. Is this the kind of "honest" business practices that one would want to invest with. Anyone investing with him should begin by conducting thorough due diligence of Res Cap & Mr Goodman before investing. It could save you thousands of dollars.....
Great read. Good information. Goodman knows his stuff!.......2006-07-27
This book should be a "must read" for every loan officer, borrower and investor. Goodman lays out definitions, do's and don'ts, that everyone in the financial arena can benefit from. I highly recommend this easy-to-understand guide for anyone thinking of pursuing this type of investment.
Thorough, concise and informative........2006-07-22
For anyone considering investment in Mortgage Pools, this is a must read. Goodman discloses crucial elements to be considered before making an investment. His concise, no nonsense writing style makes these concepts easily understandable.
A must read for mortgage fund investors.......2006-06-22
Goodman's great style and ability to make complex concepts easy to understand put this in the winner's circle. The book is a quick read and worth it's weight in gold for anyone thinking of jumping into mortgage fund investing.
Average customer rating:
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Investing in Mortgage Securities
Laurence G. Taff
Manufacturer: American Management Association
ProductGroup: Book
Binding: Hardcover
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The Handbook of Mortgage-Backed Securities
ASIN: 0814407390 |
Book Description
The U.S. residential mortgage market is worth 4 trillion dollars-more than stocks, corporate bonds, or any other "headline" market. And since people will always buy homes, mortgage securities are among the most stable investment vehicles available anywhere.
This book takes investment professionals and sophisticated consumer investors through the strategy, mathematics, and risk management of mortgage securities. From a basic explanation of how these investments work to the detailed math behind the savviest decisions, author Laurence Taff covers: * how and why to invest in mortgage securities, as compared to other fixed-income instruments * different types of mortgages and their markets * how to predict and model interest rates using universally accepted methods * how rate changes, accelerated payment, and early payoff can affect return * and much more
All the information is supported by equations the author has developed in his career at one of the nation's largest issuers of mortgages and mortgage securities.
Product Description
The Ultimate Guide to Trust Deed Investments was written to give investors an understanding of exactly what trust deeds are, the advantages and disadvantages of investing in them, and the best ways to get involved in order to maximize returns and minimize risks. Trust deeds offer a creative real estate investing opportunity to individuals that are looking for high-yield income investments. Whether you are looking to heighten your savings or you are simply exploring new prospects for furthering your retirement income, investing in trust deeds is a great way to produce higher than average yields on your investment dollar.
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