Making Hard Cash in a Soft Real Estate Market: Find the Next High-Growth Emerging Markets, Buy New Construction--at Big Discounts, Uncover Hidden Properties, ... Private Funds When Bank Lending is Tight

242 Pages·2007·1.77 MB·English

by  Wendy Patton

Making Hard Cash
in a Soft Real
Estate Market
(cid:127) Find the Next High-Growth Emerging
Markets
(cid:127) Buy New Construction – at Big Discounts
(cid:127) Uncover Hidden Properties
(cid:127) Raise Private Funds When Bank
Lending is Tight
WENDY PATTON
JUSTIN RYAN
John Wiley & Sons, Inc.
ffffiirrss..iinndddd vv 77//1100//0077 33::5577::5500 PPMM
ffffiirrss..iinndddd iiii 77//1100//0077 33::5577::4499 PPMM
A D VA N C E P R A I S E

“This book shows you exactly how to make a lot of money now—in
today’s market. Read it, do it, and you will make it.”
—Robert Shemin, bestselling author,
Why Is That Idiot Rich and I Am Not??
“Wendy and Justin have put together a marvelous book teaching the
reader how to evaluate market changes and emerging markets. It is
fantastic!”
—Kendra Todd, winner of The Apprentice,
host of HGTV’s My House Is Worth What?,
and author of Risk & Grow Rich
“This book is fi lled with creative strategies that work in today’s mar-
ket. A must read for the real estate investor!”
—Albert Lowry, Ph.D, New York Times bestselling
author of How You Can Become Financially Independent
by Investing in Real Estate
ffffiirrss..iinndddd ii 77//1100//0077 33::5577::4488 PPMM
Making Hard Cash in
a Soft Real Estate
Market
ffffiirrss..iinndddd iiiiii 77//1100//0077 33::5577::4499 PPMM
ffffiirrss..iinndddd iivv 77//1100//0077 33::5577::4499 PPMM
Making Hard Cash
in a Soft Real
Estate Market
(cid:127) Find the Next High-Growth Emerging
Markets
(cid:127) Buy New Construction – at Big Discounts
(cid:127) Uncover Hidden Properties
(cid:127) Raise Private Funds When Bank
Lending is Tight
WENDY PATTON
JUSTIN RYAN
John Wiley & Sons, Inc.
ffffiirrss..iinndddd vv 77//1100//0077 33::5577::5500 PPMM
Copyright © 2007 by Wendy Patton and Justin Ryan. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey
Published simultaneously in Canada
Wiley Bicentennial Logo: Richard J. Pacifico
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], or online at http://www.wiley.com/go/permissions.
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 for 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:
Patton, Wendy, 1964-
Making hard cash in a soft real estate market: find the next high-growth emerging markets,
buy new construction at big discounts, uncover hidden properties, raise private funds when
bank lending is tight/Wendy Patton, Justin Ryan.
p. cm.
Includes bibliographical references.
ISBN 978–0–470–15289–8 (pbk.)
1. Real estate investment—United States. 2. Real estate investment.
I. Ryan, Justin, 1974- II. Title.
HD255.P378 2007
332.63'240973—dc22 2007012411
Printed in the United States of America
10 9 8 7 6 5 4 3 2 1
ffffiirrss..iinndddd vvii 77//1100//0077 33::5577::5500 PPMM
A C K N O W L E D G M E N T S
We want to thank those that assisted in multiple ways with this
book, including but not limited to: Michael Gott, Pete Scheepens,
Sara Lechleitner, Beth Slade, Debbie Kessler, Steven Sirop, and
Mark R. Walenczyk. We want to give a special thanks to Robert
Golden who was there from the beginning to the end. We could
not have done this without any of these people.
The life experiences we have had in real estate have motivated us
to share them with the rest of the world.
Wendy Patton and Justin Ryan
ix
ffbbeettww..iinndddd iixx 77//1100//0077 33::5588::0022 PPMM
ffbbeettww..iinndddd vviiiiii 77//1100//0077 33::5588::0011 PPMM