IN THIS SUMMARY
According to Crash Boom! by Greg Rand, the current downturn in the real estate market provides the perfect opportunity for small players to invest and create wealth with a long-term strategy of holding and renting out property. The market has recovered from the housing bubble of the past decade, allowing investors to find and purchase bargain properties. By building equity through long-term ownership, leveraging money with a mortgage, using the cash flow generated by renters, and counting on the historic trend for homes to appreciate, investors can build a healthy nest egg. Rand provides tips and techniques for finding the properties that are most likely to appreciate and offers advice to reluctant landlords while emphasizing the long-range nature of building wealth.