Home Repair Book Store > Home Repair books beginning with R
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Real Estate Debt Can Make You Rich: What You Owe Today Is What You Will Be Worth Tomorrow |
Author: Steve Dexter
Published: 2006-10-17 |
List price: $21.95
Our price: $14.93
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As of: January 06th, 2009 04:36:56 AM
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Customer comments on this selection.
 Good Book -- Sheds New Light on Loans
While perhaps aimed at newer investors, this book also provides useful information for experienced investors.
I particularly liked the section describing "rate sheets". Rate sheets are what lenders, like the author, use to set the interest rate that borrowers receive for their home loans. The more risk factors that a borrower has, the more points they have to pay, and ultimately the higher the interest rate.
The author has a table with a column of all the risk factors that are considered, and a column of the points each risk factor will cost you. A few examples:
credit score below 620% = 0.5 points
non-owner occupied with 75-80% down = 2.0 points
loan amount <$100,000 = 0.5 points
loan amount <$50,000 = 1.5 points
manufactured home = 0.5 points.
The whole process is explained in a very understandable way.
The author writes in a way that is very accessible to the reader. He allows the reader to understand the process behind a loan, and describes how to improve one's chances of getting the best loan for his needs.
I liked his advice to hold free and clear properties, and for rapidly paying down loans with appreciated equity and not after-tax income.
The author provides a long list of useful web addresses in the Appendix that I found quite helpful.
This is a book well worth reading.
 Explanation of mortgages for investors!!!!!
This book explains how to select what type of mortgages you may want for investing in real estate based on your situation. It gives pros and cons of each type of mortgages such as stated income and no documemtation programs. Also it suggests how to use different types of mortgages according to the type of investment strategy you plan. This book is a must read for new investors who want to know about mortgages tailored for investors of real estate.
For Those Not Familar with all Types of Loans
This is a good book for people who want to expand their knowledge of some of the non-traditional types of loans. It goes into the pro & cons for each and different scenarios where they apply. If you are looking for a system to create wealth with real estate this book probably isn't for you.
 Real Estate Debt Can Make You Rich: What You Owe Today Is What You Will Be Worth Tomorrow
Interesting book, worth the read. Definitely take the time to read the Rich Dad series
Good Info
Got good overview on whatch outs and not to do things in investment. Eye opener. first part tied in to what I was doing, which I thought was wrong. But what was more imoprtant, was the way I was figuring out what to do next. Lots of good information and explanations, specially for me, a begining investor.
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