Building Wealth One House at a Time, Revised and Expanded Third Edition

by John Schaub

Overview

Discover how to buy and finance property to produce income and build wealth with the bible on real estate investment—revised and updated for the post-COVID market

Since its debut publication nearly two decades ago, Building Wealth One House at a Time has established itself as the go-to guide for everyday investors seeking proven strategies for buying and financing properties. The latest edition, completely updated and featuring 5 all-new chapters, continues to be the best resource for making your first million in real estate.

As a nationally recognized expert with demonstrable success over five decades, real estate investor John Schaub shows you how you can accumulate a million dollars of houses debt free, with a steady cash flow for life. In Building Wealth One House at a Time, Third Edition, he shows how his time-tested method works in the post-Covid market, and how an ethical approach to buying, financing and managing property can help you weather any real estate climate.

You’ll discover how to choose houses that will make you the most money, how to know how much a house is worth before you make an offer, how to borrow without going to a bank, and more. Additional new chapters provide savvy advice on how to buy with cash flow in any market, negotiate benefits (not price), and how buying right separates the rich from the rest. You’ll also learn how to implement the ideas in this book while you’re working another job, or transitioning from working to full-time investing.

New chapters include:

• Change Happens, Are You Ready?
• Do You Want to Be Rich or Earn a Lot of Money?
• Retiring Sooner with More
• Keep It Simple—Investing with Fewer Moving Parts
• The Tax Advantages of Investing in Property

Product Details

ISBN-13:	9781264680573
Publisher:	McGraw Hill LLC
Publication date:	12/13/2022
Sold by:	Barnes & Noble
Format:	eBook
Pages:	240
Sales rank:	712,869
File size:	3 MB

About the Author

John W. Schaub has survived and prospered as a full-time investor since the early 1970s. During that time, he weathered five major recessions and as many interest rate swings and tax law changes. In 1975, he co-authored (and still teaches) the original nationwide seminar on investing in single-family homes. More than 10,000 students have attended this seminar. He continues to actively acquire and manage real estate investment today, and advises students and readers about opportunities and pitfalls in the markets.

Table of Contents

Introduction ix

Part 1 Buying Houses: Your Path to Wealth

1 How Buying One House at a Time Can Make You Wealthy 3

2 Buying the House That Will Make You the Most Money 15

3 Finding Opportunities That Others Miss 27

4 Knowing What a House Is Worth Before You Make an Offer 41

Part 2 Getting The Money You Need

5 Know How You Are Going to Pay for a House Before You Buy 53

6 What Makes Some Debt Dangerous and How to Borrow Safely 67

7 Borrowing Without Going to a Bank 79

8 Investing with Others for Their Benefit and Yours 95

Part 3 Getting Your Offer Accepted

9 Making the Offer 109

10 Using a Real Estate Contract to Your Advantage 121

11 Motivating Agents to Bring You Opportunities and Get Your Offers Accepted 139

12 Secrets of Professional Negotiators 145

Part 4 Managing Tenants Without Working Nights and Weekends

13 Attracting and Retaining Long-Term, Low-Maintenance Tenants 161

14 Renting to Your First Tenant 175

Part 5 How and When to Sell

15 Deciding When to Sell 189

16 Selling on Lease/Options to Generate Larger Profits 199

17 Tax Advantages of Investing in Property 209

18 Buying and Selling Houses to Produce Cash Flow 215

Part 6 Understanding and Benefiting from a Changing Market

19 Change Happens-Always Be Ready 227

20 Finding and Buying Preforeclosures and Foreclosures 243

Part 7 Finishing Big

21 Paying Off Debt Smarter and Faster 261

22 Retiring Sooner with More 271

23 Investing with Fewer Moving Parts 283

24 Do You Want to Get Rich or Just Earn a Lot of Money? 289

25 Making It Big on Little Deals 297

26 The Fuller Center for Housing: Helping Others Build Wealth, One House at a Time 303

Index 307