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BizStore » Books » Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth

BizStore » Book
Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth

List Price: $19.95
Our Price: $13.57
You Save: $6.38 (32%)
Availability: Usually ships in 24 hours

Manufacturer: Kaplan Business
Publisher: Kaplan Business
Author(s): Larry B. Loftis

Average Customer Rating:

(based on 36 reviews)

Editorial Review:

Amass more than $900,000 in properties in one year, without using any of your own money, or that of your investors. Real estate investing can be an excellent way to build wealth. With its advantages of cash flow, appreciation, tax benefits, equity buildup and leveraging, real estate may be the only vehicle that can carry the average person to retirement wealth. Real estate investor, attorney, and author Larry Loftis has developed a safe, easy, and lucrative way for new investors to get into the game, and for experienced ones to enhance their portfolios. In Investing in Duplexes, Triplexes and Quads: The Fastest and Safest Way to Real Estate Wealth, he draws on both his real estate investing experience and legal acumen to explore advantages you may not have considered about residential multifamily properties of two to four units. Learn how to: •Buy duplexes, triplexes and quads with no money down, AND get cash back at closing. •Eliminate risk, and guarantee that your mortgage payments are always covered. •Use "cash-out" from refinancing to purchase more properties. •Decide whether to buy and hold or "pyramid" to a large apartment complex. •Use inflation, tax laws, and rehab to build a massive retirement nest-egg.

Customer Reviews:

Customer Rating:

Summary: Not quite a bullseye for me
Comment: I have been in the real estate game for 10 years, starting with "flipping" (before it was trendy), then to building "spec" homes (because it was trendy), and finally to "hold and rent" (because I had to!). After the boom, I had several homes that would not sell and reluctantly turned to rentals as a last resort to cut down my mortgage outlay. Much to my relief, it worked!

Since that revelation, I recently set out to find information specializing in "Buy/Fix/Rent" methods and along comes this book. At first blush, it was exactly what I was looking for - and with glowing reviews to boot! Bullseye, right? Well not quite...

THE GOOD: Great introduction for beginners, providing a nice foundation of information. Definitely like his reasoning behind buying multi-family residences. Section on Valuation of Property was a good read.

THE BAD: You need to be fairly well financed for down payments, renovations, margin, etc., and have very good credit. He only buys in middle to upper middle class 'yuppie' areas, that are near where he lives. That may not apply to everyone. He disregards lower income and out-of-state areas as options (I found his explanations a bit unsatisfactory). He also advocates being the property manager, which is a legitimate full time job (believe me, I know!). His long-term success relies largely on appreciation and buying more properties by pulling out equity with refinancing, which is tough sledding these days (not his fault, he wrote this when that was not an issue).

THE UGLY: At the risk of being offensive, his blurb on Selecting Tenants was laugh-out-loud funny. I guess his gut is the divining rod of the rental world. Sorry, I could not resist commenting on that.

In conclusion, this is a quick read and there are some solid pieces to the puzzle (especially if you are a beginner), but I can't quite adapt this to my situation.

Customer Rating:

Summary: Great Book
Comment: I would recommed this book to anyone who is looking to branch out into real estate (residental property). I have 3 properties and they are producing good wealth, plus I never worry about them being vacant.

Customer Rating:

Summary: review
Comment: very good book. organized, but could have been shorter had it left out some of the ideas not related to duplexes, triplexes, and quads. overall, would def reccomend.

Customer Rating:

Summary: Investing in Duplexes, Triplexes & Quads
Comment: Larry Loftus gives great tips in this easy-to-read guide for this type of investing. When my partner and I first decided to buy a second home for an investment, we weren't sure which kind was right for us. This book turned out to be our turning point where we realized this was the right type of investment for our situation. Loftus relates personal experience, regrets and success. Great real-scenario figures, charts for comparison and defining information about who does what in the real estate biz.

Customer Rating:

Summary: Lackluster transitions and writing style; still, some good info
Comment: Difficult to read due to lack of transitions. Some difficulty with following examples. Otherwise several decent plans on building wealth through rental units.