They dwell on the good. He wrote "The Book on Rental Property Investing," and this handy guide explains everything you need to know about succeeding with rental investments as a means of generating cash flow. It was sound advice that went through one ear and out the other. There is not much fluff in this book. to be a real estate investor. With my first child being born not long before I purchased my first property, this book had a certain importance to me. This book is great for people who are looking to flip houses, as well as those who are investing in long-term real estate. The only thing this book lacks is some of the advanced tips that you can find in others. It covers the basics of effective property management while also giving helpful hints for people who are seasoned in the industry. The author gives good details on various rental property investment topics. There is no need to read through the fluff to get to the meat of the subject. There might be affiliate links on this page, which means we get a small commission of anything you buy.   When interest rates rise, it may also be an attractive financing option for … This new edition provides updated and current discussions of how to gain capital as well as an internal rate of return. With a lot of solid ideas, this is a useful read for beginners who have yet to learn about various strategies. It not only gave me ideas for my real estate investing, but also some ideas for my book business. Real estate is a rewarding career path with tremendous potential for growth. This book’s real estate investing is more akin to Warren Buffet than hedge fund traders. Real Estate Investing Gone Bad: 21 True Stories of What NOT to Do When Investing in Real Estate and Flipping Houses by Phil Pustejovsky, 16. If anything, this book is the opposite. The more you know about real estate investing before you get started, the greater success you will have. Affiliate links are used on this site. I want my wife and child to be able to painlessly take over my various businesses should something unfortunate and unexpected happen to me. REITs can appeal to real estate investors who want more of a hands-off approach to investing in property. The author also provides examples of relevant math, including calculations within each chapter. One of the best things about this book is that it is direct and full of valuable information. As an Amazon Associate we earn from qualifying purchases. I thought to myself, “If I have all day, every It does give its main focus to single-family homes, as they are typically easier to buy and resell than commercial properties. This is a great read for both seasoned real estate investors and those who are just getting into the business. Amanda Han and Matthew McFarland are both certified public accountants and they draw on their knowledge and expertise to offer a thorough tax guide for real estate investors in "The Book on Tax Strategies." I agree that this is true, but that is an issue of style, not substance. This property investment book offers traditional investment principles that have made people successful for years. The size of the market area is dependent upon the type of property it is and the service it provides. It's less about specific strategies and more about how to develop a wealth mindset that includes real estate as a focal point. Get a 40 Minute Real Estate Training Audio & Reports for FREE. Start analyzing real estate properties, we do the math for you. As a professional flipper, he's developed a very successful system for finding properties to flip, rehabbing them without eating into his profit margin, and reselling them for maximum gain. This book's main focus is on tax planning. For example, the market area of a convenience store is relatively small. Welcome To Sub2Deals.com! Saving money is something you should be doing as early as possible. The author's tone is conversational and easy to read, but also firm about serious topics. The 16 books remaining on this list make up the “must-read” books of real estate investing. It’s a popular strategy among real estate investors. Find local real estate meetups and events in your area. The TurnKey Investor s "Subject To" Mortgage Handbook is a real estate finance book like no other. These include real estate atlases, Sanborn Fire Insurance maps, and many others covering a variety of topics and created by many sources for many different purposes. The Book on Investing in Real Estate with No (and Low) Money Down: Real Life Strategies for Investing in Real Estate Using Other People's Money by Brandon Turner, 10. Whether you're interested in flipping one home at a time or building a full-scale house-flipping business, this book is a comprehensive roadmap to all of the most important things you need to know. This is what you often see on TV, where people get in and out fast, making a profit and moving on to the next investment. After reading this book, you will know how to get your loan approved and get the best deal humanly possible. The overarching theme is using real estate to generate passive income so that you're working smarter, not harder, to build a portfolio that produces consistent returns. The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Smart Buy & Hold Real Estate Investing by Brandon Turner, 3. They recommended I get a job and do real estate on the side until my real estate endeavors were paying me more than my job. Dent conveys information that is both historical and current as this page-turner recaps historical cycles and uses them to project the state of future financial markets. 1. The authors' goals in this book are to prepare beneficiaries for inherited wealth by looking at the person who is being entrusted as the organizer of the estate, rather than just the sole recipient. Risks with Subject to Real Estate. One of the most valuable parts of this property investment book is the author's explanation of formulas that can be used to analyze the potential outcome of an investment from a cash flow perspective.