- Paperback: 192 pages
- Publisher: McGraw-Hill Professional; 2 edition (1 Nov 2002)
- Language English
- ISBN-10: 0071388761
- ISBN-13: 978-0071388764
- Product Dimensions: 22.7 x 15.3 x 1.4 cm
- Amazon Bestsellers Rank: 4,152,275 in Books (See Top 100 in Books)
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Product Description
Product Description
From the bestselling author of Tips and Traps When Buying Your Home
Robert Irwin has been one of the nation's top real estate authors for more than 20 years. His 1991 bestseller, How to Find Real Estate Bargains, continues to be one of the most popular guides to finding real estate bargains and buying them at rock-bottom prices. Thoroughly updated and revised, this new edition is for reader in the market for a bargain home for themselves or as an investment for resale profit.
Irwin fills readers in on everything they need to know to quickly decide if a property's potential payoff outweighs its risks. With nearly 50 percent all-new material, the second edition features new chapters on:
- All types of repos, including HUD, Fannie Mae and Freddie Mac, FDIC, GSA, and SBA
- Property tax, ATF and IRS, p robate, bare land, and Recreational property sales
- Finding bargain properties in strong markets by working directly with sellers
- Using the Web to find the hottest bargains
From the Back Cover
Think there are no more bargains left in today's real estate market? Think again!
Can you imagine paying 50% less than the market value of a property even in today's market? Absolutely! Robert Irwin, America's best-selling real estate expert, shows buyers and investors where to look for great deals in real estate.
- Learn how to get in on the ground floor of a foreclosure by working directly with the seller.
- Navigate your way through the maze of Repos: HUD, Fannie Mae, FDIC, and more!
- Uncover the ins and outs of buying at auctions.
- Discover the multitude of financing options available to you.
- Get critical tips and helpful guidelines for inspecting property.
- Understand the latest tax laws, and learn how to work with brokers.
How to Find Hidden Real Estate Bargains is fully revised and updated for today's sizzling marketplace and savvy real estate buyer. There are still hidden real estate treasures out there. Robert Irwin will show you where to find them.
Inside This Book
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First Sentence
I have a good friend who says he never pays retail for anything, including real estate. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
I have a good friend who says he never pays retail for anything, including real estate. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
4.1 out of 5 stars (8 customer reviews)
17 of 17 people found the following review helpful:
5.0 out of 5 stars
From San Francisco Chronicle, 10 Dec 2002
By A Customer - Published on Amazon.com
This review is from: How to Find Hidden Real Estate Bargains 2/e (Paperback)
#10 of year's 10 top real estate books. This survey book explains how to profit from virtually all bargain properties, such as foreclosures, probates, government property sales, REO (real estate owned by lenders) and other distressed-property situations. Emphasis is on low-cash purchase methods, along with methods for discovering these often-obscure realty bargains. by Robert J. Bruss
13 of 14 people found the following review helpful:
5.0 out of 5 stars
not a lot of hype, 1 Jan 2004
By nancy lapidus "nanlapidus" - Published on Amazon.com
This review is from: How to Find Hidden Real Estate Bargains 2/e (Paperback)
Robert Irwin seems to generate a wellspring of books filled with good advice about buying and investing in residential real estate. He has an urbane way of cutting out the hype that can fascinate but obscure realities for buyers and sellers. Like a good uncle, he doesn't tell you not to do it - he points out some strategies for protecting yourself from the abyss. He paints a picture of the effort you'll need, and lets you make the right choice. For example, he points out that some sheriffs' foreclosures allow the defaulters 60 days to pay up and reclaim the property even after you win the auction, and that you shouldn't begin your repairs until then. He reveals that For Sale by Owner properties are most often overpriced, so you may need to make too many inquiries before you succeed. Irwin's investment practice is in California. Therefore, some of his advice doesn't hold up in other areas. Trust deeds, in which the seller holds the deed until the buyer's payments are complete, are not allowed in Pennsylvania, for example. Sellers would sometimes disappear after the buyer had invested many payments, leaving the buyer difficult recourse to the deed.
His updated chapter on government foreclosures is informative, although he states there is no chance for inspection. This is not quite accurate. You may not have a chance before you bid, especially in a hot market, but the contracts of HUD and Freddie Mac provide for an inspection contingency. Although you can't bargain on the "as-is" sales, you can withdraw entirely if the fixups are overwhelming. It's not much different from our private residential experiences in New York, New Jersey, Pennsylvania, Washington, D.C. and Florida, with the exception that in ordinary practice in these areas you may be able to renegotiate the price when the inspection reveals unfavorable conditions.
I especially enjoyed his explosion of the old saw that location is most important. As he pointed out, it may be true if you are buying a house to live in, but if you're investing, price and market would come first. A poor or unsuitable location can sometimes have its advantages.
A unique aspect is the coverage of ethics, done gently, in the form of honesty is the best policy. Taking all the short-term advantages while hurting others will lead to lack of trust and a bad name, which will diminish your opportunities in the long run.
We will soon be reading his new book, "Tips and Traps When Renovating Your Home." We think we can learn something useful about reducing our remodeling costs.
Nancy & Arnold Lapidus
10 of 11 people found the following review helpful:
4.0 out of 5 stars
Excellent Overview of the Process..., 23 Feb 2003
By Robert W. Grove "Bob Grove" - Published on Amazon.com
This review is from: How to Find Hidden Real Estate Bargains 2/e (Paperback)
I found this book very informative and to the point. Unlike many "how to get rich" authors, Irwin stays more on the task than on the "rah-rah" stuff. His tips and traps make good references for the uninitiated investor or purchaser. Best of all, his style is smooth and easy to read. If you're looking for a good "getting started" book, this is it.
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