[...]... plentiful future If you did so well owning your house for 10 or 20 years, think of the nest egg you could have accumulated by now had you just bought a few additional small units along the way This kind of thinking is the best way to prepare yourself for financial security and, ultimately, your eventual retirement We’re not talking about getting rich or making a killing f lipping fixeruppers or buying foreclosures... Prestige Realty in Inglewood, Colorado; James H Marr at Marr Real Estate in Winthrop, Massachusetts; Larry Lick at Rental Housing Online (rhol.org) in Port Huron, Michigan; Carmen Martinez at Cardinal Pacific Escrow in Long Beach, California; and Mel Samick at Excalibur Mortgage in Huntington Beach, California Thanks to all of you We would also like to extend our appreciation to all the staff at Dearborn Trade. .. be higher In fact, anything less may keep you working nine-to-five well beyond 65 For many busy working people, saving money and thinking about setting up a retirement plan is the last thing they want to consider They’re pulling in a decent paycheck every week, spending it on bills and pleasure, and because they’re young and energetic, they’re confident that they can keep that train running for as... Trade Publishing, including Cynthia Zigmund, Paul Mallon, Robin Bermel, Leslie Banks, Kay Stanish, and Jack Kiburz We [Y [YL $& 1 2: / ( ' * 0 ( 1 7 6 would also thank Mary B Good for her initial interest in our idea and then by introducing us to the great Don Hull Speaking of Don Hull, we would like to thank him for championing this book and supporting us every step of the way What a great guy Finally,... someday retiring from the rat race But by and large, even people who raved about our content, wrote glowing reviews on the Internet, and came to learn from us at book signings often confessed that they just hadn’t made up their minds to invest yet This was troubling Walk into any bookstore and you’ll see shelves full of books (including ours) promising to make you wealthy using this system or that In fact,... remainder of their lives in survival mode In reality, most parents probably just lacked the money to pay for the things that they would have liked to do or have (for themselves and for us) Empty bank accounts as senior citizens simply left them drained, both emotionally and financially 7,0(&2676021( . 10 7 Capital Expenses 10 8 The Depreciation Allowance 10 9 Capital Gains 11 0 The 10 31 Tax-Deferred Exchange 11 2 Types of 10 31 Exchanges 11 3 The Installment Sale 11 7 Refinancing 12 1  $335$,6 ,1* 9$/8(  Methods. Printed in the United States of America 030405060 710 9876543 21 Library of Congress Cataloging -in- Publication Data Stone, Martin. Secure your financial future investing in real estate / Martin. Rates 16 6 Determining Rental Rates 16 7 Filling a Vacancy 16 8 A Policy on Pets 17 0 Happy Tenants 17 1 Raising the Rent 17 2 Conclusion 17 5 Appendix 17 9 Glossary 19 3 Recommended Reading 19 9 Index 2 01 About