The Real Estate Fast Track: How to Create a $5,000 to $50,000 Per Month Real Estate Cash Flow (Creating Cash Flow Series)

290 Pages·2006·1.27 MB·English

by  David Finkel

CREATING CASH FLOW SERIES
THE
REAL ESTATE
FA S T T R A C K
HOW TO CREATE A
$5,000 $50,000 PER
TO MONTH
REAL ESTATE CASH FLOW
David Finkel
John Wiley & Sons,Inc.

THE
REAL ESTATE
FAST TRACK

CREATING CASH FLOW SERIES
THE
REAL ESTATE
FA S T T R A C K
HOW TO CREATE A
$5,000 $50,000 PER
TO MONTH
REAL ESTATE CASH FLOW
David Finkel
John Wiley & Sons,Inc.
This book is printed on acid-free paper. ∞
Copyright © 2006 by David Finkel. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
Published simultaneously in Canada.
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Library of Congress Cataloging-in-Publication Data:
Finkel, David.
The Real Estate Fast Track : How to Create a $5,000 to $50,000 Per Month Real Estate Cash Flow /
David Finkel.
p. cm.
ISBN-13: 978-0-471-72830-6 (pbk.)
ISBN-10: 0-471-72830-6 (pbk.)
1. Real estate investment. 2. Real estate business. 3. Cash flow. I. Title.
HD1382.5.F565 2006
332.63’24—dc22
2005031914
Printed in the United States of America.
10 9 8 7 6 5 4 3 2 1
To my lifelong partner, love, and best friend—Heather.
You are my forever.

CONTENTS
FOREWORD How Two Escapees from Corporate America Built
a Highly Profitable Real Estate Business
(and How You Can, Too!) Stephen Wilklow xi
ACKNOWLEDGMENTS xiii
INTRODUCTION 1
The Eight Major Business Success Factors 3
The Three Investor Levels—Your Proven Pathway to Real
Estate Success 8
Quick Overview of theCreating Cash Flow Series 16
The 16 Key Concepts from Buying Real Estate without Cash or Credit 17
An Overview of What You’ll Learn from Reading The Real Estate
Fast Track 27
PART ONE
The Advanced Investor Workshop
Section I: EARLY STAGE LEVEL TWO INVESTING—
DEVELOPING THE FIVE CORE INVESTOR SKILLS
CHAPTERONE The Big Picture of Taking Your Investing Business
to the Next Level 34
The Seven Keys to WorkingSmarter, Not Harder 45
CHAPTERTWO Your Fast-Track Map™ to Real Estate Riches 51
The Three Biggest Pitfalls for Early Stage Level Two Investors 55
CHAPTERTHREE Core Investor Skill One: Creating a Deal
Finding Machine 59
The Seven Clues to a Seller’s Real Motivation 62
The Two Clues to Great Financing 63
vii