Real Estate Investing For Dummies, 2nd Edition [Paperback]

Eric Tyson (Author), Robert S. Griswold (Author)

Book Description

Publication Date: March 3, 2009

Real Estate Investing For Dummies, 2nd Edition, is completely revised and updated to help you overcome the challenges and and take advantage of the opportunities in any real estate environment, including a down market. But Eric Tyson and Robert Griswold's core message remains as relevant today as it did upon the initial publication of Real Estate Investing For Dummies -- investing in real estate is time-tested vehicle to build wealth in the long term. Tyson and Griswold don't tell you how to become a millionaire overnight. Instead, they offer proven, practical, and actionable advice so that if you chose to invest in income-producing properties, you can do so wisely and confidently.

Editorial Reviews

From the Back Cover

Now updated — your guide to building long-term wealth through real estate

Want to be a successful real estate investor? Eric Tyson and Robert Griswold present their proven strategies, along with updated tips for easily riding out downturns in the real estate market. From homes and apartment buildings to duplexes, commercial properties, and real estate investment trusts (REITs), you'll master every aspect of investing in and financing properties, and see how to increase their value.

• Build a foundation for investing success — get your finances in order, weigh your investment options, understand the risks, and work with real estate pros

• You have to pay to play — raise capital, finance your purchases, and secure the best mortgage terms

• Find and evaluate properties — choose the best locations, understand leases, project a property's cash flow, and decide how much to pay

• Master the negotiation process — assemble attractive offers, complete the purchase agreement, conduct formal due diligence, and close the sale

• Manage your property — be a top-notch landlord (or hire help), get the insurance you need, know the tax angles, and decide when and how to sell

"Both beginner and experienced real estate investors will profit from studying all the aspects to consider when maximizing property profits."
—Bob Bruss, Inman News, on Real Estate Investing For Dummies

"This is simply the best book on the topic."
—Randall Bell, author, Home Owner's Manual

Open the book and find:

• Tips for buying and improving properties

• Proven methods for boosting a property's return and value

• The opportunities of the market downturn

• Expanded coverage on foreclosures, short sales, and REOs

• The latest on buying fixer-uppers and flipping

• New details on buying hotel condos and timeshares

• Changes in the tax laws

• Finding properties online

About the Author

Eric Tyson is a nationally recognized personal finance counselor, bestselling author, and syndicated columnist. He is the author of numerous bestselling For Dummies books on real estate, small business, personal finance, and investing.

Robert S. Griswold is a successful real estate investor and hands-on property manager with a large portfolio of residential and commercial rental properties.

Product Details

• Paperback: 408 pages
• Publisher: Wiley; 2 edition (March 3, 2009)
• Language: English
• ISBN-10: 047028966X
• ISBN-13: 978-0470289662
• Product Dimensions: 9.2 x 7.5 x 0.9 inches
• Shipping Weight: 1.3 pounds (View shipping rates and policies)
• Average Customer Review: 4.6 out of 5 stars  See all reviews (27 customer reviews)
• Amazon Best Sellers Rank: #7,009 in Books (See Top 100 in Books)
  • #1 in Books > Business & Investing > Real Estate > Mortgages
  • #2 in Books > Business & Investing > Real Estate > Buying & Selling Homes
  • #6 in Books > Business & Investing > Real Estate > Investments

Customer Reviews

Most Helpful Customer Reviews

133 of 141 people found the following review helpful:

5.0 out of 5 stars A New Standard For Other Authors To Follow., March 16, 2005

By 

Guy M. Blasi (Highlands Ranch, CO USA) - See all my reviews
(REAL NAME)   

This review is from: Real Estate Investing for Dummies (Paperback)

Upon the completion of reading this book, I realize that the authors have set a new and comprehensive standard for real estate investors. Investment in Real Estate is an interesting and often frustrating process. Don't let the title fool you, this is a SERIOUS book for serious real investors whether novice or veteran.

The authors obviously know their subject, which is highly diverse. You are guided around pitfalls, and problems. It's almost like you have a wise sage holding your hand because the authors have "been there and done that". I appreciated their candor and honesty throughout the book, but in particular their take on the "information guru's" who sell their get-rich-quick real estate tapes and CD's on the unsuspecting public.

All you other real estate authors take note. You have a new standard to shoot for. Five stars, easy.

81 of 86 people found the following review helpful:

5.0 out of 5 stars Just what the doctor ordered, February 3, 2005

By 

Justin Smith - See all my reviews

This review is from: Real Estate Investing for Dummies (Paperback)

I have done some investing on my own but wanted to learn more about real estate. This book is awesome. It covers the basics and more complicated real estate investments. I now know what types of real estate I am going to pursue and how to analyze them. I read the entire book but I am sure I will keep coming back to it for the worksheets and checklists.

34 of 34 people found the following review helpful:

4.0 out of 5 stars Wish I had seen it first, September 14, 2006

By 

CJtravels (CA) - See all my reviews

Amazon Verified Purchase

This review is from: Real Estate Investing for Dummies (Paperback)

I am only mid-way through this book but it has already answered so many of my questions (that another book did not)! I am new to real estate investing but not new to real estate. This book is layed out (like the rest of the Dummies books) in a very easy to follow format. It points out items to definitely remember when considering transactions and also points out warnings.

Also, since they have no agenda other than to help you understand the process, they did not try to sell you anything (i.e.; get rich quick schemes). This Dummies book gives it to you straight -- Why you should invest in real estate; How real estate investments stack up against other types of investments, such as stocks, etc.; The benefits of building your wealth by staying in for the long term; What cash flow to expect in the short term, including the possibility of negative cash flow.