The Rental Property Investment Bible: Budget Limited but Ambition Unlimited: The Reference Book for Investing Intelligently, Generating Passive Income and Achieving Financial Independence

By Frank Simons

Are you looking for comprehensive training in rental property investment? Do you have borrowing capacity and want to get started in rental property with a structured strategy? 

 

If you want to build your financial freedom through rental property, this book is for you, and will help you build your personal strategy.

Who should read this book?

 

The typical reader of this book knows the basics of real estate. What they really want is to understand how to invest in rental property intelligently, doing better than the average person. To do this, you have to do things differently from the average.

 

What will you learn from this book?

 

This book will help you discover, in the most comprehensive and synthetic way possible:

• The optimal way to invest in real estate in today's environment (different from the daddy's way that conventional wisdom often advises), in both furnished and unfurnished rentals.
• The essential concepts you need to know, in particular those that intelligent rental property investors attach importance to, and which are often forgotten by "too amateur" investors: cashflow, works, serenity...
• A step-by-step guide to the method to apply, when it's time to act and get down to business.

 

Now it's up to you to change your life!

LEARN NOW, ACT TOMORROW AND REAP THE REWARDS EVERY DAY.
 

• Language: English
• Publisher: Frank Simons
• Release date: Aug 2, 2023
• ISBN: 9798223298892

Book preview

THE RENTAL PROPERTY INVESTMENT BIBLE

Budget limited but Ambition unlimited: The reference book for investing intelligently, generating passive income and achieving financial independence

Frank Simons

Frank Simons © Copyright 2023 - All rights reserved.

The contents of this book may not be reproduced, duplicated or transmitted without the written permission of the author or publisher.

In no event shall the publisher or author be liable for any damages, repairs or monetary losses due to information contained in this book. Whether directly or indirectly.

Legal notice:

This book is protected by copyright. It is for personal use only. You may not modify, distribute, sell, use, quote or paraphrase any part or content of this book without the consent of the author or publisher.

Disclaimer:

Please note that the information contained in this document is intended for educational and entertainment purposes only. Every effort has been made to present accurate, up-to-date, reliable and complete information. No warranty of any kind is expressed or implied. Readers acknowledge that the author is not engaged in rendering legal, financial, medical or professional advice. The contents of this book have been compiled from a variety of sources. Please consult a licensed professional before attempting any of the techniques described in this book.

By reading this document, the reader agrees that in no event will the author be liable for any loss, direct or indirect, resulting from the use of the information contained herein, including, but not limited to, errors, omissions or inaccuracies.

CONTENTS

PART I

RENTAL PROPERTY INVESTMENT

INTRODUCTION TO RENTAL PROPERTY INVESTMENT

WHO CAN PARTICIPATE IN THIS ACTIVITY AND FOR WHOM IT IS INTENDED

CHAPTER 1

Find out about the real estate market

CHAPTER 2

HOW TO FIND THE RIGHT INVESTMENT OPPORTUNITIES

CASH FLOW

POSITIONING

THE IMPORTANCE OF INTERNET ADVERTISING

THE IMPORTANCE OF VISITS

RENTAL INVESTMENTS AND REAL ESTATE AGENCIES

THE AUCTION

CHAPTER 3

WHAT TYPES OF RENTAL

FURNISHED RENTAL

UNFURNISHED OR BARE RENTALS

SEASONAL RENTALS

SHARED RENTALS

SHORT-TERM FURNISHED RENTAL

GARAGE OR PARKING SPACE RENTAL

CHAPTER 4

INVESTING AS A COMPANY OR IN YOUR OWN NAME? TAX OPTIMIZATION STRATEGY FOR YOUR BUSINESS

OWN-NAME PURCHASES AND SPECIFIC TAXATION

SCI

LAND DEFICIT

CHAPTER 5

FINANCING: HOW TO MAXIMIZE YOUR CHANCES OF OBTAINING A MORTGAGE

HOW TO PUT TOGETHER YOUR FILE AND CHOOSE YOUR INTEREST RATE

USING A MORTGAGE BROKER

CHAPTER 6

NEED TO RENOVATE? HOW TO GO ABOUT IT?

EXAMPLE OF A BEFORE-AND-AFTER RENOVATION

CHAPTER 7

FROM FINDING A TENANT TO RENTING OUT OUR PROPERTY

How to choose the right tenant

SIGNING THE LEASE AND PAYING THE SECURITY DEPOSIT

THE CURRENT SITUATION

FINALIZING THE CONTRACT AND HANDING OVER THE KEYS

HOMEOWNER'S INSURANCE (PNO)

CHAPTER 8

PREPARING YOUR APARTMENT FOR RESALE

Homestaging and its importance for the resale of your apartment

TIPS FOR WRITING A GOOD SALES AD

THE IMPORTANCE OF PHOTOS IN A REAL ESTATE AD

Taxation of capital gains as an individual

Taxation of capital gains as a company

Rental property FAQ

PART II

SUBLETTING

SHORT-TERM PROFESSIONAL SUBLEASING

INTRODUCTION

The difference between classic subletting and professional subletting

Legal aspects of subletting in France

You don't need a bank to get started!

CHAPTER 1

HOW DO WE GET STARTED?

Mentality is key

What type of contract should I use for professional subleasing?

Which legal structure to choose?

What's the budget for starting up a business?

CHAPTER 2

HOW TO CHOOSE THE RIGHT APARTMENT

Analysis and research of the geographical area

Study the building's condominium by-laws

CHAPTER 3

HOW CAN WE CONVINCE THE LANDLORD TO SUBLET HIS PROPERTY TO US?

CHAPTER 4

HOW TO PREPARE YOUR HOME FOR RENTING

the importance of decorating your apartment

CHAPTER 5

THE MARKETING ASPECT

Where to publish sublease ads?

The importance of an Online profile

Dead period management

How to maximize profits during peak periods of the year?

CHAPTER 6

MANAGING OUR BUSINESS

Cost of cleaning service

Booking calendar management

How to obtain a positive evaluation

Be careful with quantities!

Self Check-in vs. physical Check-in

Tourist tax

The importance of insurance

CONCLUSION

HOMESTAGING BONUS

PART I

RENTAL PROPERTY INVESTMENT

INTRODUCTION TO RENTAL PROPERTY INVESTMENT

Rental property investment is a form of investment that involves buying a property to rent out to third parties, with the aim of obtaining a periodic income from the rents.

This business offers a host of economic and tax advantages, and can help you achieve a degree of financial independence, or even build up a property portfolio.

The main economic advantages of rental investment are as follows:

-  The creation of passive income, i.e. a flow of money that feeds the investor's finances without having to devote too much time or effort to it. Passive income can be used to cover small personal expenses, to set aside savings, to find funds for reinvestment or simply to enjoy life. What's more, passive income offers greater stability and security than active income, as it is not dependent on fluctuating labor market conditions or personal benefits.

-  Financial independence, i.e. the condition in which passive income is sufficient to cover the expenses required to satisfy basic daily needs. In this context, the investor no longer needs to work to earn money, but can freely choose to spend his or her time and energy as he or she sees fit. Of course, financial independence is the dream of many people, but it requires a discipline of saving and investing accompanied by very careful and judicious planning.

-  Wealth building, which in this case refers to the value of the property held by the investor, which may increase over time due to market appreciation or renovations. Real estate can also be used as a form of collateral to secure financing, as a source of wealth to pass on to heirs, or as an asset to be resold at market price should the need arise.

Investing in rental property also offers a number of tax advantages:

-  The régime réel simplifié refers to an optional tax regime that allows you to pay a flat 21% tax on rental income, replacing the ordinary CEHR. The régime réel simplifié is an advantage for investors with a high total income, who are therefore in particularly high CEHR brackets. In addition, the régime réel simplifié exempts you from paying TFPB and TEOM on the rental property.

-  Depreciation is the term used to designate the portion of the cost of an asset that can be deducted from taxable income each year. Depreciation helps to reduce the tax base, so that the investor can find relief from the taxes owed to the State. Depreciation is calculated according to the lifespan of the property and its type (which may be residential or commercial).

-  Deductible expenses are those incurred by the investor for the purchase, operation and maintenance of the rental property. These expenses include agency fees, notary fees, co-ownership fees, renovation costs, legal fees and advertising costs. Investors can deduct all these expenses from their taxable income, and can thus find a powerful ally to help them win their battle against paying excessive taxes.

Investing in rental property is a highly attractive form of business that can also be profitable, but one that requires good market knowledge and careful selection of properties and tenants, as well as meticulous professional management combined with high-level tax planning.

WHO CAN PARTICIPATE IN THIS ACTIVITY AND FOR WHOM IT IS INTENDED

Investment in rental property is a form of activity that can be of interest to a wide range of people, even if they have very different objectives and resources.

Explained in very simple terms, this form of investment involves buying one or more properties and then renting them out to third parties, thereby generating periodic rental income and a potential gain through appreciation in the property's value over time.

In theory, anyone who has the capital to purchase a property, or who has the characteristics required to take out a mortgage, can participate in this form of investment.

However, not everyone has the same opportunities and skills to embark on this type