Symbols
$2,000,000 limit 38
$3,000 per year limit 38
A
abandon property 39
Abbotsford, BC 33
ACRS depreciation rules 7
Adjustable Rate Mortgage (ARM) 52
advance letter rulings 34, 49, 50
advertising 26, 28, 46, 66, 67
agents 3, 4, 5, 11, 26, 27, 28, 35, 58, 59, 61, 62, 85, 86
Aggressive Tax Avoidance for Real
Estate Investors 56
alternative-minimum tax rules 36
amending tax returns 38
Anchorage, Alaska 34, 46
Anderson, Georgia 55
Andrews, David 33
annuity 35, 36
apartment buildings ii, 3, 8, 13, 26, 33, 34, 41, 60
apartment owners 13, 63, 64
appraisals 9, 34, 61, 66, 69, 70
appreciation 5, 23, 25, 30, 31, 33, 46, 47, 48, 49, 51, 55, 57, 61, 62, 70, 80, 82
arson 15
assessment-to-market-value ratio 8
assumed loan 38
attorneys 15, 19, 22, 35, 36, 41, 61, 62, 63, 69, 75
auctions 4, 11, 30, 39, 77
audit 49, 60
B
bad debt loss 38
Bank of America 37
bankruptcy 10, 66, 69, 70, 75, 76, 77
bargain purchases 3, 20, 55, 75
basis 38, 39, 40
bear market 5, 6
Beck, John ii
Belle Harbor Realty Corp. v. Kerr 16
Bellingham, WA 73
Black Lung Benefits Act of 1981 50, 56
Black’s Law Dictionary 16
boiler insurance 13
boilerplate 41, 42
Boston, MA 21, 23, 24
bottom fishing 21, 84
Boulder, CO 46, 47, 48
Boyd Estate 53, 60
breakeven cash flow 5, 58, 61
bridge loans 23
Bronx, NY 23, 24
Bruss, Bob 69
Bryant, Dick 72
Buckmaster, Jim 28
building codes 14, 15, 16
building permit 16
build on spec 17, 18
Bull, Diana 55, 57
bull market 5, 7, 45
Bull/St. James 61
Burns, Robert 41
Bush, George 12, 72
business debt 38
buyer’s markets 11
C
Cain and Scott Apartment Market
Study 84
Calculator Power 64, 68
California ii, 3, 7, 11, 12, 13, 18, 22, 26, 30, 33, 35, 36, 44, 45, 55, 57, 61, 65, 66, 67, 69, 77, 80
California Association of Realtors 3
Canada 33
capital asset 40
capital gain 40
capitalization (cap) rate 24, 27, 28, 32, 47, 48, 84, 86
capital loss restrictions 40
carrying costs 4, 37
cash flow 5, 30, 34, 46, 47, 48, 52, 58, 61, 77, 78, 84
cash-on-cash yield 48
Castaneda-Benitez 53
Chairman of Equity Financial and
Management Compan
charitable deduction 36
charitable remainder trust 34, 36
Clean Water Act of 1972 71
Clinton, Bill 11, 12
Coats, George 66, 67, 69, 77
Coldwell Banker 27
collateral 41, 42
Colorado 6, 44, 45, 46, 47, 48
commercial real estate 23, 26, 27, 49, 68
commissions 4, 6, 25, 26, 27, 28, 39, 56, 61, 70
Comprehensive Environmental
Response, Compensation, and
Liability Act (CERCLA) 52, 81, 83
contingent balloon payment 77
contrarians 47, 84
corporations 18, 81, 82, 83
Corps of Engineers 71
Craigslist 28, 29
Crane, Fred 56
D
daily interest 1, 85
Dallas/Fort Worth, TX 15, 16, 20, 21, 26, 32, 43
dealer 39, 49
debt forgiveness 37
deductions 5, 34, 35, 36, 48, 49, 51, 52, 53, 56, 59, 60, 62, 77, 78
deedless investing 19
defaulting 41, 52, 54, 57, 61, 67, 69, 70, 77
deficiency judgment 13, 41
delayed exchange.^>See exchanging
delinquent interest 40
depreciation 7, 36, 46, 48, 49, 51, 52, 53, 56
Derby Realty court case 39
DeSoto, TX 8
detached homes 52
direct mail 26, 30, 67
discharge-of-indebtedness 37, 38
distressed market 4, 6, 81, 83, 85, 86
Distressed Real Estate Times 75
divorce 66, 74, 75, 76, 77, 78
donative intent 35
down payment 5, 25, 46, 48, 51, 52, 54, 56, 58, 61
due diligence 52
due-on-remarriage clause 77
duplex 7, 63
E
earthquakes 13, 15, 16, 33
eBay 28, 29
Energy and Water Developments Appropriations
Act 72
entities 18
environmental audit 53
equitable mortgage 54
equity sharing 50, 55, 56, 57, 58, 59, 60, 61, 62
Equity Sharing Home Ownership 56
Equity Sharing Home Ownership Kit
61
Estate of Eugene Merrick Webb 53
“eveners” 24
exchanging 24, 25, 26, 32, 34, 35, 39, 41, 50, 51, 56, 59, 60, 61, 62, 76
exclusive-right-to-sell listing 39
F
fair market value 38, 39, 40
Farrey, Jeanne 76
Federal Express 1
Federal Home Loan Bank Board 30
Federal Home Loan Mortgage Corporation
(FHLMC) 58
Federal National Mortgage Association
(FNMA) 48, 58
Federal Tax Guide 49, 50
fee simple 19, 56, 81, 83
FHA mortgages 46, 48, 58
final decree 77
financing expense 40
finder’s fees 66
fire insurance 1, 13, 15
first tuesday 56, 58, 61
Fisher, Sheldon 72
flipping 81, 82
flooding 13
Floral City, FL 15
fluorescent bulbs 8
forced sales 4
forced-warm-air (FWA) heat 7
foreclosure 4, 10, 13, 30, 32, 37, 41, 42, 52, 66, 69, 70, 74, 75
foreclosure auction 39
forgiveness-of-debt income 37, 39, 40
Fortune magazine 30
fraud 20, 41
Freeland court case 39
Frost Belt 21
Fundamentals of Real Estate Finance 24, 68
G
general partnership 41
Golden States Lanes v. Fox 54
good-tenant discount 56
gross rent multiplier 84
guaranteed distribution 35
guaranteed replacement cost 1
Gulf Shores, AL 16
H
Hall, Craig 46
Harris (Edward) court case 39
Harrop v. Harward court case 28
Hawkins, J.C., court case 39
hedging 17, 18
Helvering v. A.L. Killian Co. court case 38
Helvering v. Hammel court case 39
Hill (Sherwin A.) court case 39
hog line 50
Hollingsworth, Ken 43
Home Down Payment, Inc. (HDP) 51
homeowners association 59, 85
homeowners insurance 52
Hopkins, Robert 32
hot markets 44, 45, 46
hot water heaters 7, 8, 13
Howard, Katharine 35
How to Buy Real Estate for at Least 20% Below Market Value 4
How to Increase the Value of Real Estate 9
How to Manage Residential Property for Maximum Cash Flow and
Resale Value 8, 63
How to Use Leverage to Maximize Your Real Estate Investment Return 69
I
incident to a divorce 75, 76
Income/Expense Analysis 34
income, passive 37
income property 6, 33, 85
Independent Exchange Services, Inc. (IES) 51
in lieu of foreclosure 40
insolvent 37, 39, 40
installment sale treatment 38, 39
Institute of Real Estate Management 7, 34, 48
insurance 1, 3, 4, 13, 14, 15, 16, 17, 20, 35, 59, 60, 74, 80, 82
interest on interest 54
interest rate 1, 6, 7, 30, 36, 37, 45, 47, 48, 49, 56, 64, 68, 70, 77
IRS 34, 35, 36, 48, 49, 50, 57, 60, 62, 75, 77, 78
IRS advance ruling. >See advance
ruling
itemize 5, 59, 78
J
James A. Allen court case 40
Johnstown, PA 32
judgments 19
K
Kelly, William 72
Kinter, Dan 78
Kowtoniuk, Walter 32
88 Real Estate Investment Strategy
L
Lamb, Sandra 55
land 40
Land Rights Letter 71
law library 49
Lawyers Title News 54
lease option 19, 49, 50, 55, 58, 59, 78
lease violation 22
lender’s basis 39
leper property 27, 30
letter ruling. >See advance letter
ruling
leverage 5, 30, 31, 46, 57, 62
liability 13, 18, 75, 77, 80, 81, 82, 83
life interest 35
lighting 8
limited partnership 21, 61, 84
LLC’s 18, 19
Lloyd, Carol 37
Lloyd, Doug 52
load factors 9
loan-to-value ratio 5, 32, 35, 64, 65, 68, 70, 71, 77
Los Angeles Times 15
M
mailing list 26
maintenance 9, 10, 47, 48, 78
Malmstedt court case 40
Maltagliati, Eva 43
management distress 6
march-to-the-sound-of-the-guns 22
Marcus, Stanley 79
marketing 4, 26, 27
market value 4, 7, 11, 19, 23, 27, 28, 29, 37, 46, 66, 69, 70, 74
Middleton court case 39
Milana v. Credit Discount Co. 54
military 63, 70, 86
Milken, Michael 67, 68
Mills, Ocie 73
Money magazine 30, 68, 79
Montgomery County, MD 15
Morse, Frederick 86
Mortgage Forgiveness Debt Relief
Act of 2007 38
mortgage lending 1, 2, 3, 8, 37, 61, 68
mosquito petting zoo 73
mylar coating 44
N
NAFTA (North American Free Trade
Agreement) 11, 12
National Apartment Association 7
National Real Estate Investor 45
natural disasters 13, 15
negative cash flow 5, 47, 48
negative equity 25
net lease 54
New Jersey ii, 7, 9, 13, 43, 66, 73
Newmark, Craig 28
New York Times 23
Nicodemus 53
non-business bad debts 38
nonconforming uses 14, 15, 16, 17
North Carolina 72, 73
Northridge earthquake 13, 14
NoteQuoter 64
notes 1, 2, 4, 41, 42, 47, 48, 57, 64, 65, 66, 67, 68, 69, 70, 76, 77, 81, 83
NoteWorthy 64
notice-of-default 41
O
Oakland, CA 86
Ocean City, MD 72
Oil Patch 30, 32
Oklahoma City bombing 42
operating expense ratio 7, 34
operating expenses 8, 28, 40, 41, 59
operating income 8, 24, 33
options 19, 37, 49, 50, 55, 58, 78, 81, 82
ordinary income tax rates 37
OREO (Other Real Estate Owned)
32, 37
Ostroff, Don 43
outappraising 3, 4
Outer Banks, NC 72
overbuilding 6
P
Pacific Rim 33
Parmelly, Lon 37
Partners, Drever 46
partnership 21, 41, 42, 55, 56, 57, 60, 61, 84
Partnership Securities Exchange, Inc 84
passive capital gain 38
passive capital loss 38
passive income 37
passive losses 37
passive loss limits 48, 58, 77
Paul, Greg 84
payoff 1, 2, 85
perfect information 49
personal liability 18, 40
phantom gain 39
Phelps, Michael 6
plumbing 7
police power 16
political violence 42, 52
Ponzi, Charles 10
pools 8, 9, 12
positive cash flow 5, 47, 48, 58, 78
Pozsgai, John 72
prepayment penalties 54, 68
pride of ownership 5, 84
Private Property Rights Act 72
property management ii, 5, 20, 22,
23, 43, 46, 48, 58, 80, 81, 82
property tax 1, 3, 7, 8, 47, 51, 53, 59, 60
property taxes 40
purchase price adjustment 38
Q
quick-sale value 37
quitclaim deed 39
R
ranger investing strategy 81, 83
raw land 40
Reagan, Ronald 11
Real Estate Intelligence Report 45
Real Estate Investor’s Monthly 63
Real Estate Option Techniques 50
Realtor News 72
Realtors National Marketing Institute 68
Reed’s Rules of Real Estate Finance 24
referral commissions 6
refinancing 1, 2, 69, 70
Reilly, William 71
renovation 15, 16, 47
rental property 37
rent concessions 6
rent control 4, 18, 33, 45, 52, 73
repossession expenses 38, 39
Residential Property Acquisition Index 89
Handbook 13
resident manager ii, 5, 26, 63
restructuring, avoid 39
Revenue Reconciliation Act of 1993 37
Richards, Jon 64, 67
Richmond, CA 31
right of redemption 19, 39
right to partition 57
Roddy Report 26
Rogers, Will 45
roofs 8, 9, 14, 15, 31
rooming house 14, 15, 86
S
sale leaseback 54
Salomon Brothers 32
Sanderfoot, Gerald 76
San Dimas, CA 70
San Francisco Chronicle 37
San Francisco Examiner 30
Santa Barbara, CA 16, 55
Scott, Mike 27
Seamon, Eloise 72
second mortgage 26, 31, 67, 69, 80, 82
seller financing 39
seller’s markets 11
Serkes, Ira 31
settlement statement 1, 2
shared appreciation mortgage 49, 54, 57
shared equity financing agreement 51, 53, 56
short sales 37
Silicon Valley 30, 33
single-family ii, 5, 7, 14, 15, 32, 64, 65, 67, 69, 78, 80, 81, 82, 83, 86
Smart Trust Deed Investing in California 66, 67, 69, 77
soft-market 6
Soldiers and Sailors Relief Act 70
sole proprietorship 55, 62
Sound Advice newsletter 32
South Nags Head, NC 73
speculation 17, 18, 47, 55
Starr, Ron 75
statute of limitations 38
St. James, Elaine 55
straw man 85
Strong, Greg 34
Studnek, Joe 34
subject to 38
substance-over-form doctrine 53, 55
Success in Short Sales 37
Sullivan, Marilyn 59
Sumas, WA 33
Sun Belt 21, 84
sunk cost 25
surveillance equipment 43
suspended passive losses 37
syndication 10, 21
Syre, David 73
T
taxable transaction 38
Tax Court 39
tax reform 7, 52, 81, 83
Tax Reform Act of 1986 18, 30
Teeters, Jack 36
tenants in common 34, 35, 51, 56, 57, 59, 60, 61, 75, 78, 81, 83
termite damage 15, 20, 31
Terre Haute, IN 32
Texas ii, 3, 19, 26, 35, 40, 41, 42, 85
The Complete Guide to Equity Sharing 59
The Equity Sharing Book 55, 59
The Federal Manual for Identifying and Delineating 72
Thomas, Ted 74
three-year window 38
title company 1, 2
tort 18
toxic contamination 18, 70
toxic liability 52, 81, 83
trade name 41
trade or business 40
transaction costs 3, 4, 25, 50
transportation 79
trees 8, 9, 33, 85
Trump, Donald 46
Trump Strategies for Real Estate 19
trust deed 41, 42, 64, 65, 66, 67, 68, 69, 70
TRW Information Services 66
Tufts court case 39
U
unconscionability laws 54
unions 11, 12
unitrust 35, 36
University of California 35, 36
University of Texas 35
unreported profit 39
Urban Land 72
U.S. Housing Markets 84
usury laws 54, 70
utility 7, 15, 47
V
vacancy rates 46
Vucinich v. Gordon 57
vultures 34, 84
W
walk away 39, 40
Wall Street Journal 84
War of the Roses 74
wealth 19, 71, 79, 80
wetlands 71, 72, 73, 74
Williams, Keith 32
winning bid 39
wiring loan payoffs 85
www.craigslist.org 28
X
XML 29
Y
Yanow 53
Z
Zell, Sam 46
zoning 14, 15, 16, 18, 45, 52, 73