How I Started Buying Houses for $1,000: In a seller's market, competing for the same houses everyone else wants is not going to cut it (S.C.R.E.A.M. Real Estate Investing)
Book Details
Author(s)David Hochhaus
ISBN / ASINB00XJ0IWEE
ISBN-13978B00XJ0IWE2
Sales Rank492,212
MarketplaceUnited States 🇺🇸
Description
Real estate investing sucks!
There just aren't any good deals out there anymore.
You've done all the training, read all the books, listened to all the CDs.
But you can't seem to get your hands on a deal that is priced low enough. Even when you do, you get outbid by five other investors!
There just aren't any more solid foreclosure deals in nice neighborhoods for an investor to buy, fix, flip, or rent and make a 20-30k profit on!
And even if you did buy one, outbidding the rest of the crowd, your profits evaporate after the rehab costs are all tallied up.
Even the houses with bad foundations are overpriced or snatched up and off the market!
Or the hard money lenders won't touch it because LTV (loan to value) is too high!
So, what is a beginner real estate investor, rehabber, flipper, and landlord to do?
This book is a brief (VERY brief) detour from all the nonsense. It's an quick excursion into what for most people would be the jungle they will most definitely NOT want to enter.
Warning: you will most likely NOT like the answer this book has to offer. It is not for the faint of heart.
That's part of the reason this book is so short (only 2,874 words to be exact). It's not here to overwhelm you with strategies or lift your spirits to the sky with great success stories of riches and big fat checks.
This book simply offers a different perspective on WHAT TYPE OF HOUSES TO BUY.
What am I talking about? Hint number one: most investors, green and seasoned, will ONLY want to buy property that they would feel comfortable living in.
Hint number two:
This is the short story of how I got started. It's only the beginning. If you read to the end and find yourself intrigued by the idea, then maybe it's for you. Maybe you'd like to own investment property that you might not want to live in. Maybe providing quality housing to low income people while turning a profit feels worthwhile to you. Maybe... you'd like to have a business to replace you job income where other people do all the day to day tasks for you.
If not; if you recoil in horror at every owning a house that's over 75 years old and renting to people who think $600 per month is expensive, then, sadly my friend, you've lost a dollar. But you've learned that not all real estate investing is done in the 'burbs.
The book doesn't get into step by step how to find, buy, rehab or manage properties. Actually, those subjects are all covered in THEIR OWN INDIVIDUAL BOOKS. So that way if you'd just like to learn about property management, please skip to that one! You can find them all on my author page at http://www.amazon.com/author/davidhochhaus
Finally, at the end of the book, readers will be in for a special free bonus. Happy rehabbing!
- David
There just aren't any good deals out there anymore.
You've done all the training, read all the books, listened to all the CDs.
But you can't seem to get your hands on a deal that is priced low enough. Even when you do, you get outbid by five other investors!
There just aren't any more solid foreclosure deals in nice neighborhoods for an investor to buy, fix, flip, or rent and make a 20-30k profit on!
And even if you did buy one, outbidding the rest of the crowd, your profits evaporate after the rehab costs are all tallied up.
Even the houses with bad foundations are overpriced or snatched up and off the market!
Or the hard money lenders won't touch it because LTV (loan to value) is too high!
So, what is a beginner real estate investor, rehabber, flipper, and landlord to do?
This book is a brief (VERY brief) detour from all the nonsense. It's an quick excursion into what for most people would be the jungle they will most definitely NOT want to enter.
Warning: you will most likely NOT like the answer this book has to offer. It is not for the faint of heart.
That's part of the reason this book is so short (only 2,874 words to be exact). It's not here to overwhelm you with strategies or lift your spirits to the sky with great success stories of riches and big fat checks.
This book simply offers a different perspective on WHAT TYPE OF HOUSES TO BUY.
What am I talking about? Hint number one: most investors, green and seasoned, will ONLY want to buy property that they would feel comfortable living in.
Hint number two:
ONLY GO AFTER THE PROPERTIES THAT EVERYBODY ELSE IS SCARED OF
. It turns out that they are not as scary as everybody thinks. It's true: when you pay $1,000 for a house, you get what you pay for. However -- You can still make money from these properties.This is the short story of how I got started. It's only the beginning. If you read to the end and find yourself intrigued by the idea, then maybe it's for you. Maybe you'd like to own investment property that you might not want to live in. Maybe providing quality housing to low income people while turning a profit feels worthwhile to you. Maybe... you'd like to have a business to replace you job income where other people do all the day to day tasks for you.
If not; if you recoil in horror at every owning a house that's over 75 years old and renting to people who think $600 per month is expensive, then, sadly my friend, you've lost a dollar. But you've learned that not all real estate investing is done in the 'burbs.
The book doesn't get into step by step how to find, buy, rehab or manage properties. Actually, those subjects are all covered in THEIR OWN INDIVIDUAL BOOKS. So that way if you'd just like to learn about property management, please skip to that one! You can find them all on my author page at http://www.amazon.com/author/davidhochhaus
Finally, at the end of the book, readers will be in for a special free bonus. Happy rehabbing!
- David
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