Americans want to build wealth, but few people really know how. Terry Moore shows his clients low-risk ways to invest in rental property, so they can enjoy financial security. Terry is a top apartment broker who has earned several major awards including Investment Broker of the Year and Commercial Broker of the year. Building Legacy Wealth describes the proven and repeatable processes that have helped hundreds of his clients become millionaires.
Many wise investors choose apartment investing because it can be a low-risk escalator to wealth. In Building Legacy wealth, you will learn how to decide if apartment investing is for you and where you should begin. Then you’ll discover how to buy successfully, boost your property’s value and sell so you can repeat the cycle. You’ll also learn how to use special features of the tax code to keep your wealth growing and how to make wise decisions about consolidating your gains and passing on your wealth and your values to the next generation.
Legacy ultimately matters more than wealth. Terry invites you to plan how to live a life worth imitating, while making your money multiply.
Inhaltsverzeichnis
F oreword xiii
Preface xv
Introduction 1
How to Get the Most from This Book 13
Increase the Odds of Your Success 21
Wealthy Thinking 23
Emotional Intelligence 33
Understand Your Values and Priorities 47
Prepare to Invest Profitably in Apartments 55
Team Up with a Great Broker 57
Make Sure You Have a System That Will Work for You Every Time 77
Apartment Investing Realities 85
The Wealth Escalator 95
A Practical Way to Prioritize Opportunities 97
Successful Buying 109
Successful Operating 125
Renovation Budgets and Strategies 137
Successful Selling 145
1031 Exchange 161
Wealth Escalator Summary 169
Your Investment Life Trajectory 173
Prolonging Your Capital’s Growth Spurt 175
Moving On 179
Transferring Your Legacy Wealth 187
Your Investment Life Trajectory Summary 199
Conclusion 203
Appendices 209
a. Supply and Demand 211
b. Are You Ready to Invest? 213
c. Due Diligence 217
d. Loans: How Lenders Determine the Amount They’ll Lend 229
A Brief Annotated Reading List: Wisdom from My Library 235
Additional Resources 241
Acknowledgments 243
About Terry Moore, CCIM 245
Über den Autor
Terry Moore helps real estate investors make the most important financial choice of their next decade. He’s a top apartment broker who has received ten major recognitions, including Investment Broker of the Year, Deal Maker of the Year, Transaction of the Year, and CCIM of the Year. In January 2018, Terry received the inaugural Commercial Broker of the Year award from the San Diego Association of Realtors.
After earning his MBA at Southern Methodist University, Terry worked for the world’s largest bank, owned a hardware store, was a shopping center developer, and then became a hyperactive income property broker.
Terry has been a commercial broker since 1987. He earned the CCIM (Certified Commercial Investment Member) designation, which has been awarded to fewer than 4% of commercial investment brokers. He has been a member of the national CCIM faculty. Terry’s articles have been published in national, state, regional, and local magazines.
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