Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth Author: Visit Amazon's Larry B. Loftis Page | Language: English | ISBN:
1419537253 | Format: PDF
Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth Description
Review
“…
informative and entertaining … After reading this book, you might go straight to the real estate listings.” --NewsdayAbout the Author
Larry Loftis is an AV-rated attorney, tax lien investor, author, and adjunct law professor. He is the nation's top tax lien expert, having purchased millions of dollars of liens and deeds in 11 states. He has been cited as a tax lien expert in The Wall Street Journal, Entrepreneur magazine, Wealth magazine, Wikipedia, Msn.Money, TheStreet.com, other real estate books, and by many other national media outlets. He is currently investing over $12 million in real estate tax liens for clients.
- Paperback: 256 pages
- Publisher: Kaplan Publishing (May 1, 2006)
- Language: English
- ISBN-10: 1419537253
- ISBN-13: 978-1419537257
- Product Dimensions: 8.9 x 7.5 x 0.5 inches
- Shipping Weight: 1 pounds (View shipping rates and policies)
This book is well written and a quick read with a fair amount of repetitiveness. The author details his experience with rental properties primarily in an era of extreme appreciation of which he bases most of his theory on. I don't believe it is realistic to expect properties to increase at the rapid rate that he suggests which is the premise behind one of the plans he outlines which is to quickly refinance and purchase properties. Keep in mind that he is located in southern Florida which was one of the fastest appreciated areas of the country during the heyday of the recent real estate boom and it was during that time that he continuously refers to. It is my opinion that the author should temper some of his claims with the fact that not all investors will be able to execute his rapid fire acquisition strategies in an environment that is dissimilar to the one he had which was very unique and uncommon. What I'm trying to say is that his assumptions are absolutely "best case" scenarios which are unlikely to be duplicated by the majority of investors.
The one other area of the book that I had a problem with was in the area of tenants. He claimed that he doesn't run background, credit, etc. checks on prospective tenants and prefers to "go with his gut" on whether he feels the tenant is suitable to occupy his property. He goes on to say that if you invest in higher quality properties you will attract higher quality tenants. That is probably true but I don't think it eliminates the need to thoroughly screen prospective tenants. I'm not sure what it's like in south Florida but I can tell you that here in Washington state there is a big problem with methamphetamine labs in rental properties. The financial liability for the property owners is huge and not covered by insurance.
Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth Preview
Link
Please Wait...