Investing in Real Estate [Paperback]

Gary W. Eldred (Author)

Book Description

ISBN-10: 0470499265 | ISBN-13: 978-0470499269 | Publication Date: October 12, 2009 | Edition: 6

A fully revised, new edition of one of the bestselling real estate investing guides of all time

Through its five previous editions, Investing in Real Estate has shown investors how to intelligently build wealth with their investments in houses, condominiums, and small apartment buildings. Unlike many titles in this genre, Investing in Real Estate steers clear of the hyped-up “no cash, no credit, no problem” promises. Instead, it provides sound, real-world advice and instruction that reflects the author’s time-tested wisdom and experience. This book shows you how to invest profitably, safely, and reliably as you navigate the risks and opportunities of today’s property market. It covers all the topics investors need to master, including how to find, negotiate, finance, lease out, and manage your property acquisitions. Plus, you will discover how to add tens of thousands of dollars of value to nearly any property. Whether you plan to start investing or move   your current investing strategy to a higher level, two decades of sales success testifies to the fact that this investing guide stands superior to any others that you will find.

This new edition covers all the recent changes in the market, including the latest housing rescue legislation from Congress, a historical review of how to profit from property cycles, and insightful new ways to gain from the current excess inventories of for-sale properties, foreclosures, and REOs.  

• Author Gary W. Eldred has also authored ten other successful real estate titles, including The Beginner’s Guide to Real Estate Investing, The 106 Mistakes Homebuyers Make—and How to Avoid Them, and The 106 Mortgage Secrets that All Borrowers Must Learn—but Lenders Don’t Tell
• Completely revised to cover current ways to prosper in today’s property markets
• Includes new, insider techniques for foreclosure investing
• Features fifteen new ways to profit with property investments
• Shows you how to buy properties for less than they are worth from many sources including auctions, bank sales, and homebuilders

Investing in Real Estate, Sixth Edition retains its premier position as the most reliable, informative, and comprehensive guides to successful real estate investing.

Editorial Reviews

From the Back Cover

THE BESTSELLING GUIDE TO REAL ESTATE INVESTING—NEWLY REVISED FOR TODAY'S MARKET

Here's how to profit from today's buyer's market. Now more than ever, investing in property will set you on track to establish independent income and financial freedom. Investing in Real Estate, Sixth Edition offers dozens of straightforward, experience-proven strategies and techniques to generate quick profits as well as build your long-term wealth. Now really is the time to invest.

In this thorough and fresh new edition, internationally prominent real estate investor Gary W. Eldred provides you with solid ways to grow a profitable portfolio. He covers the best techniques to buy properties for less than they are worth and shows you how property investing opens the door to more than twenty sources of financial returns. You'll learn how to negotiate like a pro, read market trends, and find multiple ways to finance your transactions. Plus, there's more:

• Real opportunities—not media babble—that reveal the rewards of today's buyer's market

• Fifteen new ways to profit through property

• Find the neighborhoods and properties that will appreciate fastest

• Effective tax strategies to protect your income and wealth from the IRS

• Tips on recognizing and avoiding pitfalls, mortgage scams, and other investing misadventures

• Savvy strategies to bid smart in property auctions

• Market-derived improvements that add big value as well as competitive advantage to your properties

Investment pros will profit greatly in today's real estate market. To join them, all you need is the know-how and competitive edge that you'll gain from Investing in Real Estate, Sixth Edition—the one dependable guide to building real estate wealth in any economy.

About the Author

GARY W. ELDRED, PhD, is the author of The Beginner's Guide to Real Estate Investing and 106 Mortgage Secrets All Homebuyers Must Learn—But Lenders Don't Tell, both from Wiley. A real estate investor, he speaks at major investment conferences and has served on the graduate business faculties at Stanford University and the University of Virginia.

Product Details

• Paperback: 336 pages
• Publisher: Wiley; 6 edition (October 12, 2009)
• Language: English
• ISBN-10: 0470499265
• ISBN-13: 978-0470499269
• Product Dimensions: 9 x 6 x 0.9 inches
• Shipping Weight: 13.6 ounces (View shipping rates and policies)
• Average Customer Review: 4.6 out of 5 stars  See all reviews (130 customer reviews)
• Amazon Best Sellers Rank: #5,870 in Books (See Top 100 in Books)
  • #3 in Books > Business & Investing > Real Estate > Investments

Customer Reviews

Most Helpful Customer Reviews

352 of 362 people found the following review helpful:

5.0 out of 5 stars Packed with knowledge and techniques, June 13, 2002

By 

john zack (Miami, OH) - See all my reviews

This review is from: Investing in Real Estate (Third Edition) (Paperback)

I bought the top 3 r.e. books (Investing in Real Estate, Real Estate Riches, Unofficial Guide). I could have bought just this one. It covers EVERYTHING the other books go over, AND it gives you FAR MORE DETAILS and far better explanations. I urge you to compare the contents--buying foreclosures, buying bargains, creative improvements, financing, paying less taxes, predicting appreciation, valuing properties. You will see what I mean. While Unofficial clearly beats Riches, it still gives you wrong or glossed over info much of the time. Unofficial is especially weak on financing, buying bargains, foreclosures, and valuation, though it's pretty good on management. I can offer this critique because Investing In Real Estate set the standard from which I could make an intelligent comparison. All of those readers who rated UNOFFICIAL with five stars could not have known much about real estate. They surely believed that they learned more than they actually did. Over and over, I read similar topics in IRE and Unofficial, and each time I developed my understanding from IRE and quickly spotted the glibness of Unofficial. Don't take my word for it. Go into a bookstore and compare for yourself. As to Real Estate Riches, DON"T BOTHER--unless you're a rich dad groupie.

284 of 291 people found the following review helpful:

5.0 out of 5 stars On target for today's market, May 15, 2002

By 

Cassidy Uranne (Panama City, FL) - See all my reviews

This review is from: Investing in Real Estate (Third Edition) (Paperback)

This is the 5th r.e. book on investing I've read. But it was the first one to recognize that we're no longer living in the 1980s or even the early 90s. Sorry folks you can't buy foreclosures at pennies on the dollar. You can't find "motivated" sellers who will let you steal their properties for 60 cents on the dollar. Non-qual assumptions? Good luck trying to find one that's workable. Cash back at closing--dream on! Yes the gurus will lead you to believe that anyone can use these and many other outdated and super risky "creative" techniques. I know from experience because I wasted much money, time and effort chasing after their promised rainbows. Luckily, this book offered welcome relief. Factual, up-to-date, and very specific about the real opportunities (and pitfalls) in foreclosures, high leverage, property improvements, and tenant management. Do yourself a favor. Before you run amok with illusive hopes, read this "state-of-the art" guide. Some years ago I read a great book (Million Dollar Habits) by Robert Ringer. The first chapter was called "The Reality Principle." Well, Investing In Real Estate stands as one good dose of reality. This is the most real-world introduction I've found.

59 of 61 people found the following review helpful:

5.0 out of 5 stars A must for Real Estate Investors (Novice or Expert), August 7, 2001

By A Customer

This review is from: Investing in Real Estate (Third Edition) (Paperback)

This book is a very long read, so be prepared for it. It is jam packed with information and is probably the best real estate investment book I've read so far. The difference between other books and this one is that there is no hype or BS. I can't stand Carlton Sheets and just love the slamming of the "investor wannabe who just graduated a nothing down course." This book puts all hype to rest and reads facts. If there was a college textbook for Real Estate Investing this would be the one. I would have to say the only downside is the lack of detail when dealing with Probate and Sheriff's Sales. I think they were so brief is due to the localized nature of them and differing laws from state to state. Other than that is excellent. But like I said, it's a long read, but well worth it.