INVESTING IN REAL ESTATE

About the Book

The purpose of this book is to shed some light on the process of purchasing income producing property and to introduce you to a technique of making money derived from public information available in the Probate Court System, that not one in one hundred people are aware. In other words, I will explain in detail two different ways of making money using real estate as the vehicle. The first and most popular way being of investing is to purchase real estate to hold for the long term. The other method consists of purchasing, updating and selling property within a 6 month time frame and generating a 30% return on investment. This method can also be expanded into an options situation whereby the investor puts a property under contract to be sold to him by giving the seller a $1,000.00 deposit while signing a P&S agreement. After the agreement is signed by both parties and the investor has legal footing, the investor locates a contractor and proceeds to sell the contract. The time for performance in most agreements is ninety days. Within that time frame the investor collects the difference between what his agreement says that he is paying and what his purchaser is paying him. This transaction is accomplished by using an assignment. If the investor sells his agreement for $5,000.00 in ninety days he will have effectively gotten an annualized profit ratio of 20 to 1. The other section of the book explains how to track and capitalize on public information available in the Probate Court System to generate a fantastic income.

About the Author

MICHAEL J. GILROY Real Estate Appraisal & Consultation About the Author 1976 to present: Self-employed Consultant Opinion of value utilized by various attorneys on the North Shore for pre-purchase and pre-sale advice, estate and real estate tax purposes, as well as, domestic and other litigation Expert witness Qualified at State Appellate Tax board, Essex Superior court Essex Probate and Family court and Salem District Court Real Estate Investor Involved in the purchase, management, rehabilitation and sale of over two hundred properties Opinion of value utilized by various banks on the North Shore 1990-1993 Staff Appraiser, Long Real Estate Appraisers. Worked on both form and narrative appraisals 1986-1987 Instructor, North Shore Community College, Lynn Course: Real Estate Appraisal 1983-1984 Consultant, City of 'Boston, Office of Property Equalization Responsible for supervision of all data entered-into system and final correlation of values using multiple regression analysis 1975 Instructor, Bunker Hill Community College, Charlestown Real Estate Management and Development Real Estate Brokerage 1973-1976 Real Estate Manager, Harbor Managements, Lynn Managed over 1,000apartments in Massachusetts and New Hampshire; responsibilities included maximization of income and fiscal control 1972 Obtained Valid Massachusetts Real Estate Broker's License 1966 B.A University of New England, Biddeford, Maine