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Rich Dad's Advisors®: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors Series)
 
 
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Rich Dad's Advisors®: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors Series) [Paperback]

Ken McElroy (Author)
4.3 out of 5 stars  See all reviews (86 customer reviews)


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Book Description

Rich Dad's Advisors Series September 1, 2004
Want to get rich through real estate? Then you need The ABC's of Real Estate Investing. It's the definitive guide that will teach you how to find property, evaluate its worth, negotiate the deal and make money in the process. There are no 'get rich quick' tricks on these pages, just proven methods that deliver bottom-line profits and increased property values. -Ken McElroy, Real Estate Investor, Property Management Expert, Business Owner, and Author The ABC's of Real Estate Investing will: * Achieve wealth and cash flow through real estate * Overcome the myths that are holding you back * Find property with real profit potential * Evaluate a property and set your own purchase price * Negotiate the deal based on the numbers * Discover hidden profits in the properties you buy or own * Increase your income through proven property management techniques.


Editorial Reviews

About the Author

Ken McElroy, CEO of MC Management, has over 20 years of real estate experience with 4300 units under construction and management.

From AudioFile

An excellent example of the helpful financial audios produced by Robert Kiyosaki's Rich Dad company, Garrett Sutton's can-do lesson is an excellent lesson on how to rise above debt. He provides a largely sympathetic lesson on why people dig such holes for themselves and why creditors let them. The information is nicely condensed and includes illustrations that people at all intellectual levels will connect with. The writing and the matter-of-fact reading are proactive--he doesn't celebrate or condemn anyone's goofy money decisions. Know yourself, get your attitudes and behavior under control, and then use the author's formulas and action steps to wrestle your credit report, account by account, back into something respectable. T.W. © AudioFile 2005, Portland, Maine-- Copyright © AudioFile, Portland, Maine --This text refers to the Audio CD edition.

Product Details

  • Paperback: 224 pages
  • Publisher: Business Plus (September 1, 2004)
  • Language: English
  • ISBN-10: 0446691844
  • ISBN-13: 978-0446691840
  • Product Dimensions: 6 x 0.6 x 9 inches
  • Shipping Weight: 10.4 ounces
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (86 customer reviews)
  • Amazon Best Sellers Rank: #27,125 in Books (See Top 100 in Books)

More About the Author

Ken is the author of the best selling books The ABC's of Real Estate Investing,
The Advanced Guide to Real Estate Investing and The ABC's of Property
Management. He is also a contributor for The Real Book of Real Estate. The idea
behind Ken's fourth book, The Sleeping Giant, is to help inspire people to believe
that they can be part of solving the world's economic problems by creating
business - which in turn create financial freedom, job growth and reduces the
reliance on other sources.
The Sleeping Giant, brings together twenty self-employed entrepreneurs who
share their powerful and inspiring stories of how they found success through
self-employment. This book and its success led Ken to embark on another
journey where he held a nationwide contest via Facebook asking people "Are You
The Next Million Dollar Entrepreneur?" By submitting their ideas and passions for
their businesses, one lucky person received $5000 towards their venture and a
year long mentoring program with Ken and many other highly successful
individuals. "I'm very fortunate to have the life I do and being able to share my
experience and insight is exciting and something I really enjoy spending my time
doing"
Ken is an active member of the Entrepreneurs Organization, the Young
Presidents Organization and the Arizona Chapter of Entrepreneurs Organization
holding several board positions including President for the fiscal year of 2004-
2005.
Ken has enjoyed inspiring people worldwide appearing and speaking for various
programs and leading industry events and has also been featured on hundreds
of syndicated radio and TV programs as well as speaking with and writing articles
for many industry blogs.
Charity being a large part of Ken's focus, he stays closely involved within the
community and has served on advisory boards for Child Help and AZ Food
Banks- where he conducted the largest food drive in the state of Arizona. Ken
and MC Companies also support the Cystic Fibrosis Foundation, Hydrocephalus
Association, The University of Arizona Heath Sciences Center, The Leukemia &
Lymphoma Society, Salpointe Catholic High School, Susan G. Komen for the
Cure, Autism Speaks, McKenzie Monks Foundation, and the Partnership for a
Drug-Free America.
Ken and his family reside in Scottsdale, Arizona and enjoy spending time with
friends and family in Coeur d'Alene Idaho whenever possible.

 

Customer Reviews

86 Reviews
5 star:
 (48)
4 star:
 (24)
3 star:
 (8)
2 star:
 (4)
1 star:
 (2)
 
 
 
 
 
Average Customer Review
4.3 out of 5 stars (86 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

96 of 99 people found the following review helpful:
5.0 out of 5 stars A must read. One of the best for true RE investors, September 26, 2005
I have been investing in RE for over 20 years and I have read a lot of books. This one is the best so far and I would say it is a must read.

This book is not a Carlton Sheets (et al) get rich quick balogna book. This is a book for serious RE investors.

If you want to flip properties, this book is not for you. If you want to buy and hold properties, this is by far the best book I have ever read.

The most value of this book is how to properly assess value of a property. Assessing the value of a property is probably the most difficult thing. Not only does he teach you how to do this, he teaches you how to see through the sellers inflated balance sheets and possible misleading Realtor statements.

Also of tremendous value is how to properly manage properties for maximum cashflow. I had no idea I had so much to learn in this area.

What more can I say? Just get the book. I got the audio book and I listened to it at least 4 times.
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141 of 149 people found the following review helpful:
5.0 out of 5 stars Finally a "How To" Book on Investing!, January 24, 2005
By 
This review is from: Rich Dad's Advisors®: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors Series) (Paperback)
My expectations were low at first. I've heard so many people bashing GURUs on the subject of investing in RE and thought I'd hear the same advice. I couldn't have been more WRONG!

Ken McElroy, takes the time to explain all the tools you will need in order to be successful in RE investing. The thing I found most helpful is the end of the chapter To Do List. Have you ever read a chapter and moved on to the next chapter without an action plan...Not in this book!

McElroy talks about the things that made him a success as well as a recommended path for you to be successful. He doesn't cover flipping properties. When he does mention Flipping Properties, he advises against it.

I would recommend this book to the beginner and intermediate investor. For 2 reasons, this book will move you into the doing stage of your investing career with its action plan. Secondly, there is no fluff here. He gives you fact after fact.
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91 of 101 people found the following review helpful:
5.0 out of 5 stars Great addition to Real Estate Riches, September 7, 2004
What I like most about the Rich Dad Advisor series is the lack of fluff and that the information is from actual experienced real estate investors like Ken McElroy. Many people who write books and/or conduct seminars have little if any in the trenches real life real estate investing experience.

What makes this program different are a number of things. McElroy shows how to calculate the right price for your property. He explains how to use comps and how to avoid the wrong properties.

McElroy goes into the mathematics of real estate investing more so than any other author.

The ABC's of Real Estate Investing mades a great addition to Real Estate Riches. In concert, these programs will help you achieve financial freedom via real estate.


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Inside This Book (learn more)
First Sentence:
In every business and every industry there are people who just seem to drip with success. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
replacement reserve, future potential income, actual potential income, property investing, property management company, property plan, net operating income
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Fountain Hills, Real Estate Taxes, Old Town, Litchfield Park, San Diego, Level One Research, Midas Touch, Total Expenses, Sun City, Strategic Coach
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