With rental prices climbing, vacancy rates low, and property values rising, real estate investing has become a tempting option for achieving financial security. And with all the fixer-upper shows today that make it look so easy--simply buy a property, fix it up, and then rent it until you're ready to sell for a ridiculous profit--the number of real estate investors is growing . . . but the same can't be said for all of their bank accounts. Because the reality is, real estate can be confusing, requiring in-depth financial and tax knowledge that most newcomers lack.Rental-Property Profits walks you through every important step, from spotting smart investments to taking advantage of tax breaks and loop holes. With clear language and updated forms, worksheets, checklists, and formulas, this new edition explains how to: - Evaluate risks and opportunities in a post-recession market- Determine if you qualify for an investor loan- Calculate cash flow and maintain healthy levels- Establish sound bookkeeping and accounting systems- Handle rental property depreciation- And much more Real estate investing is not as easy as it looks on TV. But it also doesn't have to be risky With this self-guided manual by your side, avoid the costly mistakes that many before you didn't see coming, and build the nest egg you deserve.
About the Author
Michael C. Thomsett is a financial writer and author whose books include Getting Started in Options, Getting Started in Real Estate Investing, and The Real Estate Investor's Pocket Calculator. As a landlord, he has successfully owned and managed as many as 12 properties at a time.