9,99 €
Mehr erfahren.
- Herausgeber: Business Book Summaries
- Kategorie: Fachliteratur
- Sprache: Englisch
The must-read summary of Steve Chader, Jennice Doty, Jiim McKissack and Linda McKissack's book: "Hold: How to Find, Buy, and Rent Houses for Wealth".
This summary of the ideas from Steve Chader, Jennice Doty, Jiim McKissack and Linda McKissack's book "Hold" shows that buying and holding real estate is the most effective strategy to build wealth. In their book, the authors highlight the elements of the "Hold" strategy, which is a long-term investment approach and consists of five stages. This summary explains each of these five stages and how you can follow them to start climbing the real estate ladder.
Added-value of this summary:
• Save time
• Understand key concepts
• Expand your knowledge
To learn more, read "Hold" and discover the key to generating wealth with real estate.
Das E-Book können Sie in Legimi-Apps oder einer beliebigen App lesen, die das folgende Format unterstützen:
Seitenzahl: 31
Veröffentlichungsjahr: 2014
Ähnliche
Book Presentation: Hold by Steve Chader, Jennice Doty, Jim McKissack and Linda McKissack
Book Abstract
About the Author
Important Note About This Ebook
Summary of Hold (Steve Chader, Jennice Doty, Jim McKissack and Linda McKissack)
Book Presentation: Hold by Steve Chader, Jennice Doty, Jim McKissack and Linda McKissack
Book Abstract
MAIN IDEA
Of all the potential ways available to build wealth, buying and holding real estate is absolutely the most effective and most reliable long-term strategy that exists. While this is not a get-rich-quick approach, real estate investing requires less capital and offers more control than all other forms of investing.
The HOLD strategy is a long-term investment approach:
FIND – Understand the criteria for buying the right real estateANALYZE – Be astute in the way you carry out due diligenceBUY – Make money going in, not hoping it will work out laterMANAGE – Run your property investments like a businessGROW – Use leverage intelligently to accelerate returns“Ninety percent of all millionaires become so through owning real estate.”
– Andrew Carnegie
About the Author
STEVE CHADER and JENNICE DOTY are partners in a real estate investment firm which provides management services for more than 1,000 residential homes and 35 commercial income generating properties. Steve Chader has been investing in real estate since the 1970s. Jennice Doty has been in the real estate industry since 1972.
JIM McKISSACK and LINDA McKISSACK brought their first investment property in 1991 and today head a real estate enterprise with 79 single-family homes, 6 commercial buildings, 2 multifamily structures, 6 vacation rental cabins and 5 real estate franchises with an annual cash flow of more than $1 million.
The Web site for this book is at www.keller-ink.com.
Important Note About This Ebook
This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.
Summary of Hold (Steve Chader, Jennice Doty, Jim McKissack and Linda McKissack)
1. Find
The HOLD strategy is all about minimizing risk and maximizing your financial returns. The secret to making money with real estate is to buy the right properties and to achieve that, you’ve got to have the right criteria by which to make a decision. Understand and apply the right financial criteria to identify which properties are worth buying and which are not.
One of the great things about investing in real estate is there are three financial returns which work in your favor:
Cash Flow – as long as you buy right, real estate investments will put money in your pocket every month. You will have working capital to expand your investment opportunities.Pay Down – with rental real estate, the renter is paying your mortgage thereby decreasing your debt and building your equity.Appreciation – the capital value of your real estate will increase over time generating sizable returns for you.When combined, these three factors can ramp up your returns dramatically. Over the long haul, real estate typically appreciates at 4.4 percent annually. Since you can buy real estate for a small percentage down and borrow the rest, that can add up to a total return of 19 – 20 percent per year on capital invested which is impressive. The key to making this happen is to find the right property on the right terms and buy it at the right price.
So how do you find the right property to use the HOLD strategy? The steps are straight-forward:
