Weekend Millionaire's Secrets to Investing in Real Estate

Product Details

A proven formula for making a killing in small real estate investments in all market conditions.

Millionaire real estate investor Mike Summey and nationally recognized negotiation expert Roger Dawson team up to offer a complete program for becoming a real estate magnate in your spare time. Unlike all the get-rich-quick real estate investment guides on the shelves, The Weekend Millionaire shows readers how to look beyond price to the fundamentals of what makes a property valuable and to leverage that value in order to build wealth, consistently, over years. It also teaches them an original, win-win negotiating strategy in which the buyer determines the terms of the purchase and lets the seller determine the price.

Readers get clear, step-by-step guidance on how to:

• Find great investment properties.
• Approach sellers.
• Structure a win-win proposal.
• Get a proposal accepted--even with no money down and bad credit.
• Negotiate a transaction.
• Manage and maintain properties for increasing returns.

"Everything you need to know to make millions by investing in real estate. Be smart -- take advantage of their invaluable experience to help you reach your financial goals."--Jack Canfield, Co-author, The Power of Focus, Dare to Win, and the Chicken Soup for the Soul(R) series.

Biographical Note

Mike Summey has taught the Summey Method to thousands of people across North America.

Roger Dawson is a leading negotiation expert whose bestselling cassette program, "Secrets of Power Negotiating," has exceeded $28 million in sales.

Table of Contents

• Foreword by Carleton H. Sheets.
• Preface: Why Read This Book?
• Section 1. Principles of Real Estate Investing.
  • 1. Get rich slowly.
  • 2. Wealth is an income stream.
  • 3. Income to value ratio.
  • 4. Small rent increases snowball your net worth.
  • 5. What makes a property a good buy?
• Section 2. Learning Your Real Estate Market.
  • 6. Finding a property manager.
  • 7. The threshold theory.
  • 8. Stick with bread and butter properties.
  • 9. Learn your market.
  • 10. Don't be discouraged by asking prices.
• Section 3. How to Find the Ideal Seller.
  • 11. The seller has moved.
  • 12. Sellers have divorced.
  • 13. Seller has high equity in the property.
  • 14. Converting home equity to retirement income.
  • 15. Sellers in financial trouble.
  • 16. Real estate owned by banks.
• Section 4. How to Power Negotiate.
  • 17. Profit is made when you buy.
  • 18. Negotiating pressure points.
  • 19. Win-win negotiating.
  • 20. Beginning negotiating gambits.
  • 21. Middle negotiating gambits.
  • 22. Ending negotiating gambits.
  • 23. You're negotiating all the time.
• Section 5. How to Structure the Offer.
  • 24. Valuing single-family properties.
  • 25. Structuring your first deal.
  • 26. How to write the offer.
  • 27. Nothing-down deals that work.
  • 28. Tax benefits of owning real estate.
• Section 6. Moving into Larger Properties.
  • 29. Valuing multifamily properties.
  • 30. Valuing commercial properties.
  • 31. Building your support team.
• Section 7. Getting Started.
  • 32. What to do your first weekend.
  • 33. What to do your second weekend.
  • 34. What to do your third weekend.
  • 35. What to do your fourth weekend.
  • 36. What to do your fifth weekend.
  • 37. What to do your sixth weekend.
  • 38. What to do your seventh weekend.
  • 39. What to do your eighth weekend.
  • 40. The 14 biggest mistakes new investors make (Bonus Chapter).
• Appendix A: Inspection Form.
• Appendix B: Net Operating Income Calculation Form.
• Real Estate Investment Glossary.
• Index.