Copyright 2001 John T. Reed ISBN: 0-939224-55-0
All rights reserved. Library of Congress Catalog Card #
Published by John T. Reed
342 Bryan Drive
Alamo, CA 94507
925-820-7262
Manufactured in the United States of America
Other material by John T. Reed
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About the author
John T. Reed was a landlord for 23 years. He has been a real estate writer since 1976.
He has invested in New Jersey, Texas, and California. He is the editor and publisher of John T. Reed’s Real Estate Investor’s Monthly, a national newsletter—and the author and publisher of ten books on various real-estate investment subjects.
His real estate experience includes single-family rental houses, duplexes, a triplex, and apartment buildings ranging in size from twelve units to over two hundred units. He has been resident manager of his own buildings and property manager for other owners. Initially, Mr. Reed owned apartments in New Jersey—one of the most anti-landlord states and one of the tightest markets. From the seventies through the nineties, he was a landlord in Texas, which was at the other end of the spectrum in both laws and market conditions. Mr. Reed holds a bachelor of science degree from West Point and a master of business administration degree from Harvard Business School.
Thanks to…
Bill Mencarow, Jon Richards, Alan Crittenden, Bill Tappan, Mike Scott, John Beck
Contents
1 Overview 5
2 Specific institutional programs 21
3 Ad hoc guarantees 31
4 Making the payments 33
5 Seller loans 39
6 Myths about nothing down 55
7 Assuming or buying subject to existing mortgages 59
8 Saving a down payment 63
9 Wrong ways to do nothing down 65
10 Action plan 71
Appendix 73
Glossary 77
Bibliography 80
Index 81