Residential Property Acquisition Handbook

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This book is designed to help you avoid overlooking anything important when you buy apartments, single-family rentals, condos, or your own home. I originally wrote it solely for my own use. I have never bought a property without using it. You shouldn’t either. It is like a pilot’s pre-flight check list and almost as important. When I bought my first property at age 22, the real estate broker was so impressed by my thoroughness—as a result of the checklists in the book—that he offered me a job when I got out of the Army. Residential Property Acquisition Handbook includes:

• Things to take with you when you physically inspect the property
• Items to check in your inspection of the exterior
• Questions to ask the people with the most knowledge about the building—the tenants, previous owners, neighbors, and others
• Income and expense categories to take into account for estimating cash flow
• How to verify or forecast the property's actual income and expense numbers
• Clauses to make sure you have in your purchase agreement
• Clauses to seek in your financing
• How to prepare for closing and what to look for at closing
• Environmental audit information
• How to evaluate the neighborhood
• How to invest absentee acquisitions far from your home
• Residential investment strategy
• How to avoid cities that are likely to get rent control in the future
• What to look for when there is a homeowner’s association
• How to find a good lawyer for the deal
• 13 building-inspection checklists
• 8 interview scripts

$39.95, 250 pages, 8 1/2 x 11 paperback, ISBN 0939224-22-4

• Front cover
• Front matter
• Table of Contents
• Preface