209 Fast Spare-Time Ways to Build Zero Cash into 7 Figures a Year in Real Estate

290 Pages·2004·7.26 MB·english

by  Tyler G. Hicks

ffirs.qxd1/29/042:11PMPageiii
209 Fast Spare-Time Ways
to Build Zero Cash
into 7 Figures a Year
in Real Estate
T YLER G. HICKS

John Wiley & Sons, Inc.
ffirs.qxd1/29/042:11PMPageiii
ffirs.qxd 1/29/04 2:11PM Pagei
209 Fast Spare-Time Ways
to Build Zero Cash
into 7 Figures a Year
in Real Estate
ffirs.qxd1/29/042:11PMPageii
ffirs.qxd1/29/042:11PMPageiii
209 Fast Spare-Time Ways
to Build Zero Cash
into 7 Figures a Year
in Real Estate
T YLER G. HICKS

John Wiley & Sons, Inc.
ffirs.qxd 1/29/04 2:11PM Pageiv
Copyright © 2004 by Tyler G. Hicks. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
Published simultaneously in Canada.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted
in any form or by any means, electronic, mechanical, photocopying, recording, scanning,
or otherwise, except as permitted under Section 107 or 108 of the 1976 United States
Copyright Act, without either the prior written permission of the Publisher, or authorization
through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc.,
222 Rosewood Drive, Danvers, MA 01923, 978-750-8400, fax [phone], or on the web
at www.copyright.com. Requests to the Publisher for permission should be addressed to
the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ
07030, 201-748-6011, fax [phone].
Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their
best efforts in preparing this book, they make no representations or warranties with
respect to the accuracy or completeness of the contents of this book and specifically
disclaim any implied warranties of merchantability or fitness for a particular purpose.
No warranty may be created or extended by sales representatives or written sales materials.
The advice and strategies contained herein may not be suitable for your situation. You
should consult with a professional where appropriate. Neither the publisher nor author
shall be liable for any loss of profit or any other commercial damages, including but not
limited to special, incidental, consequential, or other damages.
For general information on our other products and services, or technical support,
please contact our Customer Care Department within the United States at 800-762-2974,
outside the United States at 317-572-3993 or fax [phone].
Wiley also publishes its books in a variety of electronic formats. Some content that
appears in print may not be available in electronic books.
For more information about Wiley products, visit our web site at www.wiley.com.
Library of Congress Cataloging-in-Publication Data:
Hicks, Tyler Gregory
209 fast spare-time ways to build zero cash into 7 figures a year in
real estate / Tyler G. Hicks.
p. cm.
Includes index.
ISBN 0-471-46499-6 (PAPER)
1. Real estate investment. I. Title: Two hundred and nine fast
spare-time ways to build zero cash into 7 figures a year in real estate.
II. Title.
HD1382.5.H528 2004
332.63′24—dc22

2003017895

Printed in the United States of America.
10 9 8 7 6 5 4 3 2 1
ffirs.qxd 1/29/04 2:11PM Pagev
For my wife,

Mary,

with many thanks for her wise counsel

and guidance based on

her astute publishing know-how.
ffirs.qxd 1/29/04 2:11PM Pagevi
ftoc.qxd 12/30/03 5:36PM Pagevii
Contents

INTRODUCTION: How This Book Can Make You Rich on
Zero-Cash Borrowed-Money Real Estate xiii
CHAPTER 1: Build Your Real Estate Wealth on
Other People’s Money 1
Invest in an Item of Lasting Value—Income Real Estate, 3;
Recognize the Many Pluses of Real Estate, 3; Build Your Real Estate
Riches Minute by Minute, 5; Start-Ups Win in Almost Every Real
Estate Deal, 7; Speedy Results Are Possible in Real Estate, 10; Get in
on Zooming Worldwide Growth, 12; Good Financing Can Be Yours
Even with Bad Credit, 13; Take the Billions Being Offered to Real
Estate Investors Today, 14; Forget about a Real Estate License When
You’re an Investor, 15; Get into Non-Ownership Income Real Estate,
16; Plenty of Free Advice and Assistance Can Be Yours, 18; Grow
Rich with Tax-Sheltered Real Estate Income, 18; Winners Are the
Real Estate Norm, 19; Getting Real Estate Funding the Smart Way,
22; Take the First Step to Your Real Estate Wealth, 22; Your Keys to
Real Estate Riches, 24
CHAPTER 2: How to Base Your Real Estate Riches
on Borrowed Money 25
Know Why Income Real Estate Is So Good for You, 26; Pick the
Location for Your Future Properties, 27; Local Properties Are Ideal
for Beginners, 27; Figure What Down Payment You’ll Need, 28;
Compute Your Needed Starting Cash, 29; Negotiate Your Way to
Success, 31; Bootstrap Your Way to Real Estate Ownership, 32; Find
Rental Income Assistance Everywhere, 33; Begin Your Income Real
Estate Ownership Journey Now, 34; Stay Focused on Your Plan, 36;
Manage Your Holdings for Maximum Income, 39; Increase Your
Profits from Every Property, 41; Learn All You Can about Your
Holdings, 42; Real-Life Examples of Fast Buildup of Ownership
Assets, 43; How to Acquire More Residential Income Properties, 46;
“Mud Flats” Can Be Money Machines, 46; Expand Your Ownership
vii