How to Succeed and Make Money with Your First Rental House [Paperback]

Douglas A. Keipper (Author), Sean M. Lyden (Author)

Book Description

Publication Date: December 22, 2003

Seize the opportunity and watch the money roll in

Don't be paralyzed by fear of making mistakes and losing money. Buying a rental house should be one of the safest investments you make, and you already have the skills you need to succeed. You just need to learn how to use them.

In How to Succeed and Make Money with Your First Rental House, Douglas Keipper tells the true story of how he overcame his fear of real estate investing and made money on his first rental house. Keipper uses his experience as an example as he walks you step by step through the entire process of buying, renovating, renting, and managing a rental house. And you'll learn from his mistakes, not your own! Find out how easy it is to supplement your income with the most popular investment vehicle in the country. Let Keipper show you how to:
* Prequalify for low-cost loans
* Connect with the right loan broker, realtor, and subcontractors
* Find the right house at the right price and make a great deal
* Save money on renovations that produce higher rents
* Find and qualify top-quality tenants
* Protect your investment with the right lease and always get paid on time

Editorial Reviews

From the Back Cover

Seize the opportunity and watch the money roll in

Don’t be paralyzed by fear of making mistakes and losing money. Buying a rental house should be one of the safest investments you make, and you already have the skills you need to succeed. You just need to learn how to use them.

In How to Succeed and Make Money with Your First Rental House, Douglas Keipper tells the true story of how he overcame his fear of real estate investing and made money on his first rental house. Keipper uses his experience as an example as he walks you step by step through the entire process of buying, renovating, renting, and managing a rental house. And you’ll learn from his mistakes, not your own! Find out how easy it is to supplement your income with the most popular investment vehicle in the country. Let Keipper show you how to:

• Prequalify for low-cost loans
• Connect with the right loan broker, realtor, and subcontractors
• Find the right house at the right price and make a great deal
• Save money on renovations that produce higher rents
• Find and qualify top-quality tenants
• Protect your investment with the right lease and always get paid on time

About the Author

DOUGLAS A. KEIPPER is a compliance officer with a small community bank who began investing in real estate when the slumping stock market threatened his family’s financial security.

SEAN M. LYDEN is a nationally recognized columnist and feature writer on marketing and entrepreneurship.

Product Details

• Paperback: 230 pages
• Publisher: Wiley; 1 edition (December 22, 2003)
• Language: English
• ISBN-10: 0471451401
• ISBN-13: 978-0471451402
• Product Dimensions: 9.1 x 6 x 0.6 inches
• Shipping Weight: 10.4 ounces (View shipping rates and policies)
• Average Customer Review: 4.0 out of 5 stars  See all reviews (10 customer reviews)
• Amazon Best Sellers Rank: #304,575 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

41 of 42 people found the following review helpful:

2.0 out of 5 stars Money better spent elsewhere..., May 12, 2005

By 

Chris Johnson "dabbler in all" (Culver City, CA United States) - See all my reviews
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Amazon Verified Purchase

This review is from: How to Succeed and Make Money with Your First Rental House (Paperback)

I have read about 10 real estate investment books within the last 6 months, and despite the Amazon.com user reviews, this book probably was the least informative, least well written, and least organized of the lot. The author refers to his real estate investment experience several times throughout the book, yet he discusses only the single property he has purchased, disqualifying him as a mentor in my mind. He write without technicality, and fills much of the book quoting other "real estate gurus" and citing summaries of text he has read. I am really surprised that this book was rates so highly on this site, because it really has been a disappointment and waste of time. By the way, some of the best books I have read have been written by Dolf De Roos. Best of luck to you all.

31 of 32 people found the following review helpful:

3.0 out of 5 stars Nice Primer, September 8, 2005

By 

A. De Paz "ADP" (Sherwood, OR) - See all my reviews
(REAL NAME)   

This review is from: How to Succeed and Make Money with Your First Rental House (Paperback)

Cute, fun, great place to start for someone who is contemplating investing in rental housing. It was an easy read and an entertaining story about how one person got started. It wasn't a "how to" guide, however. I read it, loaned it to a friend, and haven't missed it. I have since purchased books that are more useful as reference material, if not as entertaining to read. If you're wondering if buying and rental properties is for you - this book is interesting. If you've decided to take the plunge and do it, you're going to need some more serious material.

19 of 19 people found the following review helpful:

5.0 out of 5 stars This one will get you off the sideline and into the game, December 28, 2003

By 

Daryl R. Dunahoo (Atlanta, GA) - See all my reviews
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Amazon Verified Purchase

This review is from: How to Succeed and Make Money with Your First Rental House (Paperback)

I can't count the books I bought and did not finish reading. I just finished this one. Doug is a common guy, just like most of the rest of us. He quit studying and got in the game, and he "hit a stand-up-double" on his first at bat! No home runs, No strike outs, No sugar coating, No tales of how he made millions in real estate, or learned how, but did not do it after CPA school. Doug tells the things he did right that you may want to copy. He tells the mistakes he made and how you can avoid them. Doug writes from a perspective that the guy with 10 rental houses already forgot. If you don't have a rental house yet, but you want one, there is no better place to start. If you already have five rental houses and want fifteen, buy a different book. This author gives practical advice and writes in a manner anybody can understand. Sideline critics are a dime a dozen - and they will scare you into staying on the sideline with them. Buy Dougs book and get in the game.