How to Find, Buy and Turnaround Small, Mismanaged Rental Properties for Maximum Profit [Spiral-bound]

Thomas J. Lucier (Author)

Book Description

Publication Date: July 2002

In How To Find, Buy And Turnaround Small Mismanaged Rental Properties For Maximum Profit, you get a heavy dose of practical, no-nonsense advice on how to avoid the common mistakes that many investors make when buying and turning small, mismanaged rental properties around. In this one-of-a-kind 92 page special report, Tom Lucier has applied the time-tested real estate investment strategy of buying low and selling higher known as the BLASH Principle, and refined it into the following four steps:

Step#1: Buy small class "C" and "D" mismanaged rental properties in stable areas for at least twenty percent below market value on buyer-friendly terms with seller financed mortgage loans.
Step# 2: Implement aggressive property management techniques during the turnaround that raise rental rates, reduce vacancies, cut operating expenses and increase the property's net income.
Step#3: Apply an industrial strength cleaning and cosmetic facelift during the turnaround that maximizes the property's curb appeal and resale value.
Step#4: Package, market and resell small rental properties as turnkey operations for maximum profit after the turnaround is completed.

How To Find, Buy And Turnaround Small, Mismanaged Rental Properties For Maximum Profit is a complete step-by-step guide that has detailed information on exactly how to:

1. Buy small mismanaged rental properties at below market purchase prices on buyer-friendly terms.
2. Perform due diligence on small mismanaged rental properties.
3. Estimate the current market value of a small mismanaged rental property.
4. Quickly turn small mismanaged rental properties around for maximum profit and resale value.
5. Properly prepare your purchase agreement and protect your interests as buyer during the transaction.
6. Fix-up small mismanaged rental properties for maximum curb appeal and resale value.
7. Package, market and resell small rental properties for maximum profit.
8. Run a profitable residential rental housing business.

The real estate investment strategy that Thomas J. Lucier has outlined in How To Find, Buy And Turnaround Small, Mismanaged Rental Properties For Maximum Profit will work in any residential rental market nationwide. That's because every rental market has more than its fair share of incompetent small rental property owners who are experts at property mismanagement. As a result, there are ample opportunities for knowledgeable investors to profit from small, mismanaged rental properties in any rental housing market nationwide.

How To Find, Buy And Turnaround Small, Mismanaged Rental Properties For Maximum Profit comes complete with the following ready-to-use worksheets, letters, checklists and agreements:

1. Letter To Small, Mismanaged Rental Property Owners.

2. HUD Multifamily Unit Inspection Form.

3. Monthly Income And Expense Worksheet.

4. Property Repair Cost Estimate Worksheet.

5. Small Mismanaged Rental Property Current Market Value Worksheet.

7. Purchase Agreement.

8. Phase One Environmental Audit Checklist.

9. Phase Two Environmental Audit Checklist.

10. Assignment Of Rental Agreements.

11. Tenant Estoppel Letter.

12. Walk-Around Property Inspection Checklist.

13. Buyer's Closing Checklist.

14. Change Of Ownership Notification Letter.

15. Mortgage Estoppel Letter.

Editorial Reviews

From the Publisher

If you're really serious about making money in residential real estate, you need to get your hands on a copy of this one-of-a-kind special report by Thomas J. Lucier!

About the Author

Thomas J. Lucier has been a real estate investor in Tampa, Florida since 1980. Mr. Lucier is the author of seven books and three CD-ROMs on real estate investing and managing Florida residential rental property. He’s also a Florida licensed mortgage broker, and an active member of the National Association of Real Estate Editors, and the Real Estate Educators Association. Mr. Lucier’s real estate investment advice has been published in the Wall Street Journal, Commercial Investment Real Estate Magazine, Real Estate Journal.com, Bankrate.com and other financial publications and Web sites.

Unlike ninety-nine percent of all real estate authors in America, there isn’t a phalanx of gatekeepers, between Tom Lucier and his readers. You can e-mail Tom directly at [e-mail], or you can call him at his office in Tampa, Florida at [phone], to speak with him personally

Product Details

• Spiral-bound: 92 pages
• Publisher: Special Report Publications, LLC (July 2002)
• ISBN-10: 0945343094
• ISBN-13: 978-0945343097
• Product Dimensions: 10.8 x 8.5 x 0.3 inches
• Shipping Weight: 8.8 ounces
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #3,212,519 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

5.0 out of 5 stars Small commercial properties, September 21, 2010

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pnetmoney (washington dc) - See all my reviews

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This review is from: How to Find, Buy and Turnaround Small, Mismanaged Rental Properties for Maximum Profit (Spiral-bound)

This is the best book on commercial property, detailed and at 40$ has more usable info than books ten times as expensive!!!!!!!!!!