The Complete Guide to Investing in Undervalued Properties

Terms of Use......Page 5
Want to learn more?......Page 6
Contents......Page 7
Part 1 Fundamental Principles of Real Estate Valuation......Page 13
Introduction......Page 15
Five Ways to Benefit from Owning Real Estate......Page 18
Economic Impact of Housing......Page 25
Real Estate Market Outlook......Page 27
Aspirations of Wealth......Page 32
Fundamentals of Valuation Analysis......Page 37
The Relativity of Value......Page 41
Primary Valuation Methods......Page 44
Part 2 How to Find Undervalued Properties......Page 51
3 Six Conventional Methods of Finding Undervalued Properties......Page 53
Professional Associations......Page 55
Classified Ads......Page 58
Real Estate Publications......Page 61
Internet Resources......Page 62
Real Estate Investment Clubs......Page 63
Tax Exchange Networks......Page 64
4 Distressed Properties Create Undervalued Opportunities......Page 67
Abandoned Houses......Page 68
Functional Obsolescence......Page 69
External Obsolescence......Page 71
Neglected Properties......Page 75
5 How You Can Help Distressed Sellers by Purchasing Their Undervalued Properties......Page 79
Transfer or Relocation......Page 81
Divorce......Page 83
Job Loss......Page 85
Bankruptcy......Page 87
Retirement......Page 89
Estate Sales......Page 93
Investor Burnout......Page 95
6 How You Can Help Distressed Lenders by Purchasing Their Undervalued Properties......Page 99
Preforeclosure Opportunities......Page 101
Foreclosure and Sheriff's Sales......Page 104
Redemption Period......Page 106
Postforeclosure Market and Lender REOs......Page 109
7 Undervalued Opportunities in New Construction......Page 113
Distressed Developers......Page 114
Distressed Builders......Page 117
Distressed Home Buyers......Page 119
Introductory Sales......Page 121
Excess Inventory......Page 123
Final Closeout Sales......Page 125
High-Growth Markets......Page 126
8 Five Ways to Unlock Hidden Value through Changes in Use......Page 131
Single Family to Commercial Office......Page 132
Single Family to Multifamily......Page 135
Commercial to Condominium......Page 136
Multifamily to Condominium......Page 142
Single Family to Condominium......Page 145
9 How to Find Undervalued Properties the Autopilot Way......Page 149
Professional and Qualified Real Estate Agents......Page 150
Advance Your Team of Scouts......Page 155
Build a Solid Wholesaler Network......Page 157
Use Retailers to Buy at Discount Prices......Page 158
Marketing Campaigns......Page 160
Part 3 How to Use Options to Purchase Undervalued Properties......Page 165
Introduction to Options......Page 167
The Black-Scholes Option-Pricing Model......Page 169
The Practical Application of Options......Page 170
11 High-Leverage Techniques: How to Use Options, Short Sales, and Other Dynamic Strategies for Maximum Gains......Page 175
Purchase Options......Page 176
Lease Options......Page 180
The Art of the Short Sale......Page 184
Buying “Subject To”......Page 189
Private Money and Hard Money Loans......Page 193
Part 4 Epilogue......Page 201
12 Put On the Armor of Success......Page 203
The Armor of Success......Page 204
Helmet of Knowledge......Page 206
Breastplate of Courage......Page 207
Shield of Faith......Page 208
Sword of Justice......Page 210
About Symphony Homes......Page 215
For More Information......Page 216
Index......Page 217
About the Author......Page 225