Rich Dad's Advisors: The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals [Paperback]

Ken McElroy (Author)

Book Description

Series: Rich Dad's Advisors | Publication Date: May 29, 2008

If you're interested in real estate investing, you may have noticed notice the lack of coverage it gets in mainstream financial media, while stocks, bonds, and mutual funds are consistently touted as the safest and most profitable ways to invest. According to real estate guru Ken McElroy, that's because financial publications, tv and radio programs make the bulk of their money from advertising paid for by the very companies who provide such mainstream financial services. On the other hand, real estate investment is something you can do on your own--without a large amount of money up front! Picking up where left off in the bestselling The ABC's of Real Estate Investing, McElroy reveals the next essential lessons and information that no serious investor can afford to miss. Building on the foundation of real estate investment 101, McElroy tells readers:

• How to think--and operate--like a real estate mogul
  
• "The Top Ten Real Estate Markets to Watch"
  
• How to identify and close expert deals
  
• Why multifamily housing is the best real estate investment out there
  
• How to surround yourself with a team that will help maximize your money
  
• How to avoid paying thousands in taxes by structuring property sales wisely
  
• Important projections about the future of real estate investment


• And more.

Editorial Reviews

About the Author

See important note #3.

Product Details

• Paperback: 176 pages
• Publisher: Business Plus (May 29, 2008)
• Language: English
• ISBN-10: 0446538329
• ISBN-13: 978-0446538329
• Product Dimensions: 6 x 0.5 x 9 inches
• Shipping Weight: 8 ounces (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars  See all reviews (13 customer reviews)
• Amazon Best Sellers Rank: #16,233 in Books (See Top 100 in Books)
  • #18 in Books > Business & Investing > Real Estate > Investments

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

Most Helpful Customer Reviews

22 of 27 people found the following review helpful:

4.0 out of 5 stars Pretty Decent Intro To Apartment Complex Investing, November 23, 2008

By 

Kelly Lynch "...find me at NothingButBanditSigns" (San Antonio, Texas) - See all my reviews
(REAL NAME)   

This review is from: Rich Dad's Advisors: The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals (Paperback)

I came across this book at Barnes & Nobles and since it was under the Rich Dad banner I gave it a shot. I liked the section of dispelling the myths of investing in multifamily units, i.e. "you gotta start small", and "you need the Midas Touch".
The author discusses several projects that he has worked on and breaks down the process into several key steps.
Truthfully, it's not a "be all, end all" book for apartment investing, but I liked the fact that he explained his methodlogy in a simple, easy to digest fashion.
I invest heavily in single family residences and tri/quad-plexes, since the rental market is hot(smokin' like Texas BBQ) and sellers are deeding me houses at a rate of 5 per week. Apartment buying in this market AND for the forseeable future is going to be the next big thing.
You need to seriously educate yourself about this subject.

6 of 6 people found the following review helpful:

1.0 out of 5 stars Nothing "Advanced" about it. A Complete Waste of Time, October 14, 2011

By 

C. Burt - See all my reviews

Amazon Verified Purchase

This review is from: Rich Dad's Advisors: The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals (Paperback)

I have never written a book review before but after paying for and reading this I am so disappointed that I am going to. The vast majority of the book is consumed by the author trying to justify why investing in real estate is a good investment. Why would one buy and "Advanced Guide to Real Estate" if one didn't already think it was a good investment? I think he's just trying to fill up pages so that the book appears to have relevant content. What little advice exists is vague like "do your homework" and "talk with a broker to get the market cap rate." When talking about how to identify a good market he points out his "successful" investment in Las Vegas purchased immediately before the crash. The only interesting part of the book, his analysis of what he thinks are going to be the top ten real estate markets is from 2008 and obviously quite outdated.

6 of 6 people found the following review helpful:

5.0 out of 5 stars great book, August 24, 2010

By 

mrwitwer - See all my reviews

Amazon Verified Purchase

This review is from: Rich Dad's Advisors: The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals (Paperback)

this book was great on building some of the other things that i have learned through the internet and other books. if you want some real indepth knowledge in multifamliy investments than this is a great book to give you that. there alot of great tips for the advanced investor and down to me who is the brand new investor looking for my first property. the most talked about item i found in the book is doing you due diligence and making sure the numbers add up to profit. hope this helps its a must buy for investors