Value Investing in Real Estate [Hardcover]

Gary W. Eldred (Author)

Book Description

Publication Date: February 15, 2002 | ISBN-10: 0471185205 | ISBN-13: 978-0471185208 | Edition: 1

Secure a Prosperous Future by Applying the Tried-and-True Techniques of Value Investing to Income Properties

Value Investing in Real Estate outlines a safe and rewarding way to plan for your retirement and increase your income without the risks so common to the stock market. You'll learn how to buy real estate properties using Ben Graham's time-tested methods for evaluating investments. It's a proven way to build assets and income-a big payoff for relatively little time and effort.

This book proves the advantages of value investing in real estate as compared to stocks in terms of stability, yield, growth, and equity appreciation. Value Investing in Real Estate also guides readers through important topics such as identifying geographical areas of growth, population patterns, land use, market indicators, condos, townhouses, fixer-uppers, and conversions. It covers what you need to know about both value investing and the real estate market-and how to combine the two for high returns-all backed with examples that illustrate each concept and technique.

For the great majority of enterprising investors, value investing in real estate will prove superior to the stock market. Most importantly, you will gain far more income than the paltry dividends accruing from most stock portfolios. With this intelligent, highly readable book, you will see how the techniques of value investing in real estate can help you build the wealth and income you will need in the future.

Editorial Reviews

From the Inside Flap

Income properties, if selected wisely, build your wealth and grow your cash flows continuously–exactly what you need for retirement and other major financial goals. Even better, income properties secure these benefits with less risk and higher returns than stocks. As always, of course, a lucky few will profit greatly from the stock market, but the majority of Americans cannot reasonably expect to do likewise. Contrary to what you’ve heard, everybody can’t get rich in stocks.

Now, Value Investing in Real Estate shows you a safer and more rewarding investment alternative. By applying the investment principles of superstars Ben Graham and Warren Buffett to real estate, you will be able to outperform stocks while still getting a good night’s sleep. No more worrying about another stock market collapse, puny dividend yields, or outliving your resources. Over time, the principles of value investing have proven superior to all other investment styles. And over time, real estate has proven itself to be the most reliable source of income and wealth building. By combining this winning investment style with the most reliable asset category, Value Investing in Real Estate will guide you to your investment goals.

Inside, experienced investor Gary Eldred illustrates:

• The technique and criteria of value investing
• The benefits of real estate over stocks for retirement
• The risks and returns of income properties
• The ins and outs of market value
• How to find high-yielding properties
• How to look beyond market value
• How to spot areas poised for appreciation
• How to create value immediately

Today, just as when Ben Graham originally crafted his investment principles, speculation–masquerading as investment–is leading investors into peril. So now’s your chance to step out of harm’s way. Because Value Investing in Real Estate will not only show you how to build a high net worth, it will ensure your prosperity through good times and downturns alike.

From the Back Cover

Secure a Prosperous Future by Applying the Tried-and-True Techniques of Value Investing to Income Properties

Value Investing in Real Estate outlines a safe and rewarding way to plan for your retirement and increase your income without the risks so common to the stock market. You’ll learn how to buy real estate properties using Ben Graham’s time-tested methods for evaluating investments. It’s a proven way to build assets and income–a big payoff for relatively little time and effort.

This book proves the advantages of value investing in real estate as compared to stocks in terms of stability, yield, growth, and equity appreciation. Value Investing in Real Estate also guides readers through important topics such as identifying geographical areas of growth, population patterns, land use, market indicators, condos, townhouses, fixer-uppers, and conversions. It covers what you need to know about both value investing and the real estate market–and how to combine the two for high returns–all backed with examples that illustrate each concept and technique.

For the great majority of enterprising investors, value investing in real estate will prove superior to the stock market. Most importantly, you will gain far more income than the paltry dividends accruing from most stock portfolios. With this intelligent, highly readable book, you will see how the techniques of value investing in real estate can help you build the wealth and income you will need in the future.

See all Editorial Reviews

Product Details

• Hardcover: 288 pages
• Publisher: Wiley; 1 edition (February 15, 2002)
• Language: English
• ISBN-10: 0471185205
• ISBN-13: 978-0471185208
• Product Dimensions: 9.3 x 6.3 x 1 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 4.0 out of 5 stars  See all reviews (20 customer reviews)
• Amazon Best Sellers Rank: #529,105 in Books (See Top 100 in Books)

More About the Author

Gary W. Eldred has been investing successfully in real estate for twenty-five years and has consulted on real estate issues with many Fortune 500 companies. He formerly served on the graduate business faculty of Stanford University and the University of Virginia. He is the bestselling author of Investing in Real Estate, Sixth Edition, The Beginner's Guide to Real Estate Investing, Second Edition, and The 106 Common Mistakes Homebuyers Make (and How to Avoid Them), Fourth Edition, all from Wiley.

Customer Reviews

Most Helpful Customer Reviews

14 of 14 people found the following review helpful:

5.0 out of 5 stars Solid Value!, May 16, 2002

By A Customer

This review is from: Value Investing in Real Estate (Hardcover)

As a real estate appraiser for 20 years, I thought I knew about all there was to know about valuing properties. I generally pick up popular books on real estate just to see what kind of nonsense they're making up. Was I wrong about this one! Eldred taught me more than I had learned in a half-dozen courses I took with the Appraisal Institute. I now realize how narrowly we experts are trained (not educated). I guarantee that if you read this book, you'll know more than 95% of all real estate appraisers--and more than 99% of all real estate agents.

11 of 11 people found the following review helpful:

5.0 out of 5 stars Outstanding comparison of value investing, July 1, 2002

By 

Samuel Goodman (San Diego, CA) - See all my reviews

This review is from: Value Investing in Real Estate (Hardcover)

As an investor with 11 years left to retirement(I hope), I greatly appreciated the detailed and thoughtful way this author compared and and contrasted various investments. I like to think of myself as a smart investor who is extremely concerned about asset allocation and this book truly fills that need. Also, the book doesn't "trash" stocks. It shows that based on yield and risk, stocks will subperform well-selected income properties. It does not allege that stocks always rank poorly, nor does it claim real estate is always a great investment. Instead, it gave me the knowledge to make more profitable investments--regardless of whether I buy stocks or property. The book is extraordinarily well researched and referenced (hundreds of notes at the end of the book) for serious investors. Personally, I enjoyed reading these notes as much as the book, itself. Lots of insight into how we got to where we are and where we're going. If you decide to only browse through the real estate-stock analysis, the latter 6 or 7 chapters that focus primarily on property will give you more than your money's worth.

13 of 14 people found the following review helpful:

5.0 out of 5 stars Lower risk, higher returns, April 15, 2002

By 

shelly morgan (Denver, CO) - See all my reviews

This review is from: Value Investing in Real Estate (Hardcover)

Were you disappointed with Rich Dad's Real Estate Riches? I was. But, here's what I was really looking for. This book fills in the details where Real Estate Riches glosses over with boring generalities. While you don't need to be a real number cruncher to understand the book's advice(the discussions read easily ), Eldred does go through the calculations to show that when you take account of all types of risks and returns, you can do much better with real estate--if you follow the principles of value investing. I also learned that to best choose your properties, you must forget the old cliche, " Buy below market", Instead, you need to focus on properties (locations) that stand the best chance of appreciating.Makes sense to me!