Building Legacy Wealth: Top San Diego Apartment Broker shows how to build wealth through low-risk investment property and lead a life worth imitating

by Terry Moore

Overview

Americans want to build wealth, but few people really know how. Terry Moore shows his clients low-risk ways to invest in rental property, so they can enjoy financial security. Terry is a top apartment broker who has earned several major awards including Investment Broker of the Year and Commercial Broker of the year. Building Legacy Wealth describes the proven and repeatable processes that have helped hundreds of his clients become millionaires.

 

Many wise investors choose apartment investing because it can be a low-risk escalator to wealth. In Building Legacy wealth, you will learn how to decide if apartment investing is for you and where you should begin. Then you’ll discover how to buy successfully, boost your property’s value and sell so you can repeat the cycle. You’ll also learn how to use special features of the tax code to keep your wealth growing and how to make wise decisions about consolidating your gains and passing on your wealth and your values to the next generation.

 

Legacy ultimately matters more than wealth. Terry invites you to plan how to live a life worth imitating, while making your money multiply.

Product Details

ISBN-13:	9781732196926
Publisher:	Terry Moore, CCIM Inc.
Publication date:	12/14/2018
Sold by:	Barnes & Noble
Format:	eBook
Pages:	268
File size:	4 MB

About the Author

Terry Moore helps real estate investors make the most important financial choice of their next decade. He's a top apartment broker who has received ten major recognitions, including Investment Broker of the Year, Deal Maker of the Year, Transaction of the Year, and CCIM of the Year. In January 2018, Terry received the inaugural Commercial Broker of the Year award from the San Diego Association of Realtors. After earning his MBA at Southern Methodist University, Terry worked for the world's largest bank, owned a hardware store, was a shopping center developer, and then became a hyperactive income property broker. Terry has been a commercial broker since 1987. He earned the CCIM (Certified Commercial Investment Member) designation, which has been awarded to fewer than 4% of commercial investment brokers. He has been a member of the national CCIM faculty. Terry's articles have been published in national, state, regional, and local magazines.

Table of Contents

F oreword xiii

Preface xv

Introduction 1

How to Get the Most from This Book 13

Increase the Odds of Your Success 21

Wealthy Thinking 23

Emotional Intelligence 33

Understand Your Values and Priorities 47

Prepare to Invest Profitably in Apartments 55

Team Up with a Great Broker 57

Make Sure You Have a System That Will Work for You Every Time 77

Apartment Investing Realities 85

The Wealth Escalator 95

A Practical Way to Prioritize Opportunities 97

Successful Buying 109

Successful Operating 125

Renovation Budgets and Strategies 137

Successful Selling 145

1031 Exchange 161

Wealth Escalator Summary 169

Your Investment Life Trajectory 173

Prolonging Your Capital’s Growth Spurt 175

Moving On 179

Transferring Your Legacy Wealth 187

Your Investment Life Trajectory Summary 199

Conclusion 203

Appendices 209

a. Supply and Demand  211

b. Are You Ready to Invest?  213

c. Due Diligence  217

d. Loans: How Lenders Determine the Amount They’ll Lend  229

A Brief Annotated Reading List: Wisdom from My Library  235

Additional Resources  241

Acknowledgments  243

About Terry Moore, CCIM  245

Editorial Reviews

“Terry’s book is a proven recipe for financial success. We have been friends for 30+ years and I have followed his recipe for acquiring apartment properties and renovating them and have done so with more than 1,000 apartments in San Diego County. And I have passed on his secret sauce to hundreds of my students at UCSD Extension over the years and, they, too, have prospered and benefited from his wisdom.”

—Alan Nevin

Author of The Great Divide

“Rental housing is a unique business. With a minimal investment, you can leverage an asset to archive returns far beyond your outlay. It’s also a business that needs to be managed with clear objectives. This book walks all investors from novices through seasoned masters along a path others have successfully traveled. Building Legacy Wealth, by Terry Moore, CCIM allows the reader to learn valuable business lessons from others on their road to financial independence.”

—Bob Pinnegar

President & CEO of the National Apartment Association

“I have worked with hundreds of commercial real estate brokers, many who are some of the top-performing professionals in the world. Even among them, Terry Moore stands out. It is obvious that Terry’s calling is to help his clients create wealth, through decision-based real estate investments. He challenges himself and his clients to be intentional and to make lifetime choices that will matter when we are all gone.

“Terry will share with you how to make a fortune, but he is more interested in helping you make a long lasting and positive difference. Spend time with the ideas in this book. The people around you will be glad you did.”

—Rod Santomassimo, CCIM

Founder and President, Massimo Group, LLC

From the Publisher