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A guide to real estate profits for the long term As Wall Street continues to prove disappointing and frightening to many investors, real estate investing has grown in popularity. Interest rates have attracted borrowers and as a result, investing in real estate has become a part-time and full-time occupation for many people. Building Big Profits in Real Estate focuses on the sound strategies that everyone needs to understand before they invest in real estate. Rather than focusing on the short-term results of instant riches, this book takes a longer view— examining how individuals can make real estate investment a viable investment as well as a possible full-time job. Building Big Profits in Real Estate introduces readers to important real estate topics such as analyzing markets and managing a real estate portfolio, and shows them how they can go from a casual investor to full-time real estate entrepreneur in a matter of months. Wade C. Timmerson (Pittsburgh, PA) has extensive experience in real estate and owns and partners in several companies’ focus on buying, property management, and lending. Among his accomplishments: he has amassed a real estate profile valued at more than $5 million; has helped finance more than 400 investment properties in the Pittsburgh area; and has helped more than 100 families of limited financial resources become first-time homeowners. Suzanne Caplan (Pittsburgh, PA) has been a consultant, business owner, speaker, and author. As a consultant, she specializes in assisting entrepreneurs, from start-up through exit strategy planning.

Real estate broker - A real estate broker is in the business of brokering real estate transactions; that is, finding sellers for those who want to buy real estate and finding buyers for those trying to sell real estate. Real estate brokers and their salespersons assist sellers in marketing their property and selling it for the highest possible price under the best terms and assist buyers by helping them purchase property for the best possible price under the best terms.

Real estate contract - A real estate contract is a contract for the purchase/sale, exchange, or other conveyance of real estate between parties. Real estate called leasehold estate is actually a rental of real property such as an apartment, and leases (rental contracts) cover such rentals since they typically do not result in recordable deeds.

Real estate economics - Real estate economics is the application of economic techniques to real estate markets. It tries to describe, explain, and predict patterns of real estate prices, building production, and real estate consumption.

Luxury real estate - Luxury real estate describes a niche in the real estate market dealing with the highest socio-economic group of property buyers. Since real estate buyers in this group tend to own many homes, the terms vacation property and second home are inaccurate.

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