Congratulations! You have taken your first steps towards becoming an informed member of the real estate world. I have been in the real estate profession for several years. I hold a real estate brokers license, an avid real estate investor, and a real estate instructor. Throughout those years I have discovered two common denominators. First, being a landlord is not for everyone. Second, real estate investing has made more self-made millionaires than any other industry. An investor need not have a college degree or prior experience. It only takes a little money and a lot of ambition. America’s next self-made millionaire could be you. 

Why did I write this book? If you are like me you have purchased every book available about real estate investing. The problem with most books is they are written for investors of large real estate investments such as 100-unit apartment complex’s or commercial property. This book is for the small investor that owns single-family homes or small multi-units.

Whether you already own rental property or you are looking to do so, this book is for you. I hope after you have completely read this book you will know if the life of being a landlord or investing in rental property is for you. I cannot stress enough that knowledge is power. This book will give that knowledge.

Why Owning Real Estate Is The Ultimate Investment

Single-family homes are still the most popular form of residential property in the United States. According to the U. S. Census Bureau, 10 percent of single-family homes are used as rental property. Most are self-managed; however, there is a trend toward hiring professional management companies.

After reading this book, you will have discovered that owning rental property is not for everyone. However, if you are willing to take the plunge, the rewards far out weight the risk. 

What Does The Book Include

This book is a step-by-step plan for small real estate investor’s. It contains everything a novice or experienced landlord would need to know. It includes:

• What it takes to be a landlord;
• How to self-manage rental property;
• Financing available for rental property;
• Coaching you through your first rental;
• Fair housing issues;
• How to select tenant’s;
• Rent and deposit issues;
• The rental agreement;
• Environmental laws and required disclosures;
• Maintenance;
• Handling problem tenants’;
• Handling tenant departures;
• Keeping the books and records;
• Taxes and insurance issues;
• Increasing your cash flow;
• Dozens of forms and disclosures.

Little Or No Money To Start

You have heard it before on the late night television advertisements claiming you can achieve financial independence through real estate investing. There is some truth to their claim. The beauty of real estate investing is it bucks the old saying, “it takes big money to make big money.” Big money, no! Some money, yes!

Tax Advantages

Investing in real estate offers many tax advantages for the small investor. You can deduct expenses, depreciation, and current capitol gains rates for real estate investors are favorable. Remember, owning and managing rental property is a business. Therefore, you are allowed to deduct all operating expenses against the rental income.

Extra Monthly Income

Some of the most powerful rags-to-riches stories come from real estate investors. The majority of single-family small real estate investors are middle-class working Americans trying to increase their monthly income. Millions have discovered that investing in real estate can fulfill their income objectives. For many, what started as a part-time in devours blossomed into a rewarding full-time small business. Whether you are looking to increase your income an extra $100 a month or $15,000 a month, owning rental property can help you achieve these goals. 

Appreciation

Appreciation represents the increase in value of an asset which in this case is real estate investment property. For example, a property purchased 5-years ago for $50,000 is now valued at $100,000. The property has appreciated $50,000. That is precisely why investing in real estate is a popular investment because it can produce monthly income and property values generally increase. 

Essentially, the longer you own a property the more it increases in value. It is true however, some parts of the country experience short-term declines where property values decline. The same is true of the stock market. However, just like the stock market, if your investment strategy is for the long-term, the rewards are endless.

Build Your Retirement Nest Egg

Investing in real estate is one of the best and most secure methods to achieving financial independence. Obviously, the earlier you start investing the better the results. Buying and holding the right investment properties is an excellent way to hedge inflation, take advantage of the tax benefits, and secure your retirement.

The Financial Benefits Of Owning Real Estate

Real estate investors have the ability to create their own real estate empires with only a small cash investment. For example, you may purchase a rental property for $50,000 with a $5,000 down payment and a $45,000 mortgage from the bank. If the property’s value doubles in 10-years, you have turned your $5,000 investment into $100,000. Future appreciation is a key consideration in an investor’s decision whether or not to purchase a property.

Using Existing Retirement Money

Few people are aware that they can invest in real estate using money from a self-directed IRA. A self-directed IRA allows account holders to direct their own investments. An investor can buy, sell, or buy rental properties while deferring all their capitol gains. The IRS allows an investor to use retirement money to buy any form of real estate including land, condos, commercial property, and rental property.

Paul Vojchehoske is one of the most successful real estate educators in the country. He has shown thousands how to achieve their real estate goals. He has coached investor’s how to find, purchase, and rent property.

Paul has been in the real estate profession for several years. He holds a Real Estate Brokers License in Nebraska and is active in real estate activities. He is a successful real estate investor, landlord, and a real estate instructor.

He founded The Real Estate Resource Instituteä, which provides consulting services, guides and books, and valuable information for landlords, tenants, property managers, buyers, and sellers of real estate. Paul has taught literally thousands on real estate related issues. He has assisted thousands of people in achieving their real estate goals. 

Now Paul has put his time-tested program into a book. The Landlords’ $uccess Book for the $mall Real Estate Investor of $ingle-Family Rentals is an easy to understand approach to investing in rental property. He shows you how to avoid problem tenants’ while keeping the cash flow coming in by following a simple real estate investment program. His program covers in detail the aspects of buying, managing, financing, and maintaining your investment. It likewise includes:

• Coaching you through your first rental
• Environmental laws and disclosures
• Rent and deposit issues
• Keeping the books
• Taxes and insurance issues
• Fair housing
• And much, much more--.

Tax Advantages

Investing in real estate offers many tax advantages for the small investor. You can deduct expenses and depreciation. Current capital gains rates for real estate investors are favorable. Remember, owning, and managing rental property is a business. Therefore, you are allowed to deduct all operating expenses against the rental income. Types of expenses a landlord can deduct are payroll, advertising costs, maintenance, repairs, utilities, management fees, insurance, real estate taxes, mileage, and home office deductions.

The Internal Revenue Service (IRS) allows an individual to deduct real estate expenses from other sources of income not related to real estate. To qualify, you must be an active investor and do not exceed the adjusted gross income limits. This is called sheltering other income. Please consult your tax advisor before attempting to utilize these tax advantages.

Extra Monthly Income

Some of the most powerful rags-to-riches stories come from real estate investors. The majority of single-family small real estate investors are middle-class working Americans trying to increase their monthly income. Millions have discovered that investing in real estate can fulfill their income objectives. For many, real estate investing started out as a part-time in devour and blossomed into a rewarding full-time small business. Whether you are looking to increase your income an extra $100 a month or $15,000 a month, owning rental property can help you achieve these goals. 

Appreciation

Appreciation represents the increase in value of an asset, which in this case is real estate investment property. For example, a property purchased 5-years ago for $50,000 is now valued at $100,000. The property has appreciated $50,000. That is precisely why investing in real estate is a popular investment because it can produce monthly income, and property values generally increase. 

Essentially, the longer you own a property, the more it increases in value. It is true however, some parts of the country experience short-term declines where the property values go down. The same is true of the stock market. However, just like the stock market, if your investment strategy is for the long-term, the rewards are endless.

Build Your Retirement Nest Egg

Investing in real estate is one of the best and most secure methods to achieving financial independence. Obviously, the earlier you start investing, the better the results. Buying and holding the right investment properties is an excellent way to hedge against inflation, take advantage of tax benefits, and secure your retirement.

The Financial Benefits Of Owning Real Estate

The great thing about owning rental property is you can build incredible wealth by using other people’s money. Usually, this requires buyer to put a small down payment on a property and finance the remaining balance. In essence, you leverage the property. 

Real estate investors have the ability to create their own real estate empires with only a small cash investment. For example, you may purchase a rental property for $50,000 with a $5,000 down payment and a $45,000 mortgage from the bank. If the property’s value doubles in 10-years, you have turned your $5,000 investment into $100,000. Future appreciation is a key consideration in an investor’s decision whether or not to purchase a property.

Likewise, owning rental property offers you the opportunity to pay off the mortgage by using your tenant’s rent money. While each month your property is increasing in value, the rent money is paying the expenses, including the mortgage payment. If you own the property long enough, eventually your tenants will pay off the mortgage substantially increasing your monthly cash fl