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

by Ken McElroy (Author) "In every business and every industry there are people who just seem to drip with success..." (more)
Key Phrases: replacement reserve, future potential income, actual potential income, Fountain Hills, Real Estate Taxes, Old Town (more...)

Editorial Reviews

Product Description
In precise and entertaining chapters - each culminating with very specific 'action steps' for readers to follow - author Ken McElroy offers real estate investing stories from the trenches and wisdom. Chapters include: It Takes a Team - Understanding it takes a team to be successful in real estate, determine whether you want a partner and evaluate partner candidates based on the qualities required for a good partnership Research Can Be Fun? - Become familiar with online resources such as newspapers, trade publications, government and trade organisation websites Swamp Land For Sale - Stay away from gut feelings. Select one market, preferably one close to home, that you may be interested in. You Own It...Now What? - set up your systems for maintenance, accounting and rent collection. Get involved in local supporting professional affiliations. Enforce the policies and procedures in the lease without exception and respond quickly to your residents with a smile!

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

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Product Details

• Paperback: 224 pages
• Publisher: Business Plus (September 1, 2004)
• Language: English
• ISBN-10: 0446691844
• ISBN-13: 978-0446691840
• Product Dimensions: 8.9 x 6 x 0.7 inches
• Shipping Weight: 8.8 ounces (View shipping rates and policies)
• Average Customer Review: 4.3 out of 5 stars See all reviews (67 customer reviews)
• Amazon.com Sales Rank: #4,141 in Books (See Bestsellers in Books)

  Popular in these categories: (What's this?)

  #8 in	Books > Business & Investing > Investing > Investments
  #14 in	Books > Business & Investing > Real Estate
  #57 in	Books > Professional & Technical > Accounting & Finance > Industries & Professions

• This item is part of The Rich Dad Series.

Customer Reviews

Most Helpful Customer Reviews

124 of 131 people found the following review helpful:

5.0 out of 5 stars Finally a "How To" Book on Investing!, January 24, 2005

By	Richie Rich (Northern, NJ) - See all my reviews

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.

80 of 83 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

By	Coach 62 "Coach" (Naples, FL) - See all my reviews

This review is from: Rich Dad's Advisors®: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Audio CD)

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.

86 of 96 people found the following review helpful:

5.0 out of 5 stars Great addition to Real Estate Riches, September 7, 2004

By	Chuck Kimbriel "Happy Amazon Customer" (USA) - See all my reviews

This review is from: Rich Dad's Advisors®: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Audio CD)

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.