Building Big Profits in Real Estate: A Guide for The New Investor [Paperback]

Wade Timmerson (Author), Suzanne Caplan (Author)

Book Description

Publication Date: May 20, 2004

Everyday, people just like you have a real chance to make serious money in real estate. All it requires is the discipline to purchase good property and the motivation to make new purchases that will create growing equity. Filled with in-depth insights and practical advice, Building Big Profits in Real Estate will show you the right way to invest in real estate.

A successful stock market investor may need to perform extensive research to make a profit, but becoming a successful real estate investor can be more complex and far more hands-on, especially when you're just getting started. The good thing about real estate is that it offers more security as well as greater upside potential than any other investment--mainly because the value of property never goes to zero (unlike some recent stocks) and real estate prices often continue to go up even when general economic conditions are soft.

Building Big Profits in Real Estate focuses on the sound strategies that everyone needs to understand before they invest in real estate. It covers important topics, such as analyzing markets, financing your projects, purchasing rental property, managing a real estate portfolio, finding new ways to invest, and understanding wholesale markets. It also reveals some of the most overlooked opportunities in the real estate market, including Section 8 rentals, wholesaling properties, and selling houses on a rent-to-own basis.

Editorial Reviews

From the Back Cover

Everyday, people just like you have a real chance to make serious money in real estate. All it requires is the discipline to purchase good property and the motivation to make new purchases that will create growing equity. Filled with in-depth insights and practical advice, Building Big Profits in Real Estate will show you the right way to invest in real estate.

A successful stock market investor may need to perform extensive research to make a profit, but becoming a successful real estate investor can be more complex and far more hands-on, especially when you’re just getting started. The good thing about real estate is that it offers more security as well as greater upside potential than any other investment––mainly because the value of property never goes to zero (unlike some recent stocks) and real estate prices often continue to go up even when general economic conditions are soft.

Building Big Profits in Real Estate focuses on the sound strategies that everyone needs to understand before they invest in real estate. It covers important topics, such as analyzing markets, financing your projects, purchasing rental property, managing a real estate portfolio, finding new ways to invest, and understanding wholesale markets. It also reveals some of the most overlooked opportunities in the real estate market, including Section 8 rentals, wholesaling properties, and selling houses on a rent-to-own basis.

About the Author

Wade Timmerson is a Pittsburgh, Pennsylvania native who, after a brief semi-pro basketball career and a short-term corporate job, began working in real estate, which he has done for the past eight years. He currently owns companies focusing on buying and selling property, and private money lending. In addition, he has started a seminar and audiotape program. Among his accomplishments, he has completed over 600 transactions; has amassed a real estate profile valued at more than $5 million; has helped finance more than 400 investment properties in the Pittsburgh area; and has helped more than 100 families of limited financial resources become first-time homeowners.
Suzanne Caplan is a partner in a real estate training program and is a national speaker on business success. She has owned several businesses in Pittsburgh and is now a consultant to other closely held companies. She is the author of nine previous books.

Product Details

• Paperback: 272 pages
• Publisher: Wiley; 1 edition (May 20, 2004)
• Language: English
• ISBN-10: 0471646903
• ISBN-13: 978-0471646907
• Product Dimensions: 9.1 x 6.1 x 0.8 inches
• Shipping Weight: 11.7 ounces (View shipping rates and policies)
• Average Customer Review: 4.1 out of 5 stars  See all reviews (8 customer reviews)
• Amazon Best Sellers Rank: #2,247,883 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

9 of 9 people found the following review helpful:

5.0 out of 5 stars An Inspiration...., May 26, 2004

By 

"monica5" (Virginia, USA) - See all my reviews

This review is from: Building Big Profits in Real Estate: A Guide for The New Investor (Paperback)

An excellent, well-written book! I would definitely recommend this book to anyone thinking about investing in real estate. After purchasing a few books that were difficult to follow and really nothing more than books filled with industry terminology, I was a little skeptical about buying another. I was pleasantly surprised by this one. It was easy to follow and gave me the motivation and inspiration that I needed to get started. I truly got the sense as if I had my very own mentors in Wade and Suzanne. The experiences and information shared in this book are priceless!

8 of 8 people found the following review helpful:

5.0 out of 5 stars Too good to be true? --- NOT!, June 17, 2004

By A Customer

Amazon Verified Purchase

This review is from: Building Big Profits in Real Estate: A Guide for The New Investor (Paperback)

My husband and I dabbled a bit in real estate investing, but it didn?t work out like we?d planned. We had always been curious, but skeptical about those late night TV ads. Should we have purchased those tapes? We had heard that this local basketball legend was doing well in real estate. Did he buy those tapes and which ones? This book really explains what it takes to be successful - a lot of hard work. The author is candid about his mistakes, his strengths, and what he had to do to compensate for weaknesses. He gives a lot of good advice and the Appendix is full of useful templates. I only intended to skim this book and ended up reading every page. This is the first time I've really understood what "flipping" is and everything that has to be put in place to be ready to recognize and seize the opportunities. We still have a few properties and I'm going to get my husband to read this book before we do anything else with them. Hoping to see more from these co-authors. They make a good team.

7 of 7 people found the following review helpful:

5.0 out of 5 stars Good story but no details or how to, June 11, 2004

By 

Dawnmarie Dowling (Verona, Pennsylvania) - See all my reviews
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This review is from: Building Big Profits in Real Estate: A Guide for The New Investor (Paperback)

This book tells the personal story of someone who was starting out in the business and what he did wrong. The appendix is a good source of information but you still want your lawyers to look at your own agreements etc. The writers wrote this book did not clearly give you step by step information but it was an interesting read.