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Real Estate Investing for Dummies [Paperback]

Eric Tyson (Author), Robert S. Griswold (Author)
4.6 out of 5 stars  See all reviews (25 customer reviews)


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Paperback, December 15, 2004 --  
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Editorial Reviews

Product Description

"This is simply the best book on the topic.”
—Randall Bell, Author, Home Owner's Manual

"Tyson and Griswold have truly opened the world of real estate investing to all by tackling often complex issues in this easy to understand and use book. I can't think of a better way to get smart about building wealth through rental properties than to read their excellent Real Estate Investing For Dummies!"
—Vern Hoven, CPA

Non-prime time TV is cluttered with infomercials about how you can buy non-prime real estate for next to nothing and get rich quick. Common sense should tell you that’s an exaggeration. (If common sense doesn’t tell you, bankers will.) Nevertheless, it is possible to get rich gradually by investing in real estate. Long term, you can expect to realize an annual return of 8 to 10% a year.

Real Estate Investing for Dummies gives you the keys to successful real estate investment, whether it’s in single family homes and condos, apartments, vacation homes, commercial properties (office, industrial, and retail), raw land, or REITs (Real Estate Investment Trusts). With guidance from authors Eric Tyson, MBA, a financial counselor, and Robert S. Griswold, a veteran real estate investor, you’ll discover how to:

  • Find and buy the best properties at a fair price
  • Capitalize on opportunities such as foreclosures, no money down deals, auctions, tax sales, and more
  • Secure financing and good mortgage terms
  • Value, evaluate, and negotiate everything to do with real estate
  • Work with agents and other professionals
  • Project income potential and cash flow
  • Handle contracts, inspections, and closings

Whether you’re interested in a fixer supper for rental, premier office space you can lease, or a vacation home you can enjoy and rent, when you become a buyer, you also become a landlord. That means you can hear from tenants any time, night or day. It means you may not hear from them when the rent is due. Real Estate Investing for Dummies also helps you:

  • Find and keep good tenants
  • Negotiate lease agreements
  • Insure and maintain your property
  • Keep good records for tax and accounting purposes

Remember, with any deal, you have to know when to hold them and know when to fold them. So Real Estate Investing for Dummies gives you guidelines on when and how to sell and how to reinvest to build wealth. It also lists 10 real estate investments you shouldn’t touch with a 10-foot pole. Especially if you’re tempted by those late-night infomercials, that warning could save you a fortune!

From the Back Cover

Packed with tips on buying, financing, and improving properties

With up-to-date information on all your mortgage options.
From homes and apartment buildings to commercial and industrial properties, this friendly guide covers a wealth of real estate investments and financing options. With practical tools and expert advice, top real estate authors Eric Tyson and Robert Griswold help you maximize your investments - and watch your profits grow.

Praise for Real Estate Investing For Dummies.
"This is simply the best book on the topic."
--Randall Bell, Author, Home Owner's Manual

"Tyson and Griswold have truly opened the world of real estate investing to all by tackling often complex issues in this easy to understand and use book. I can't think of a better way to get smart about building wealth through rental properties than to read their excellent Real Estate Investing For Dummies!"
--Vern Hoven, CPA.

Discover how to:

  • Make real estate a part of you long-term investment plan
  • Pick the best properties for profit and your situation
  • Get the best deals on financing
  • Master the art of property valuation
  • Manage your risk and insure your properties

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Product Details

  • Paperback: 358 pages
  • Publisher: Wiley Publishing, Inc.; 1 edition (December 15, 2004)
  • Language: English
  • ISBN-10: 0764525654
  • ISBN-13: 978-0764525650
  • Product Dimensions: 9 x 7.4 x 0.9 inches
  • Shipping Weight: 1.3 pounds
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (25 customer reviews)
  • Amazon Bestsellers Rank: #96,940 in Books (See Top 100 in Books)
    #57 in  Books > Business & Investing > Real Estate > Investments

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Inside This Book (learn more)
First Sentence:
Welcome to Real Estate Investing For Dummies! Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
property inspections, net operating income, real estate fortune, including specific notes, common real estate investments, triple net properties, investment property purchase, novice real estate investors, most purchase agreements, rental applicant, rental property owners, infomercial gurus, good tax advisor, rental prospects, savvy real estate investors, many real estate investors, knowledge sheet, investment property owners, new rental property, most real estate investors, relinquished property, real estate investment opportunities, real estate investment strategy, real estate investment properties, tax lien certificates
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Understanding Real Estate, Get the Money, Crunching the Numbers, Even More Real Estate Investments, Operating the Property, Notice of Default, Building Your Team, Las Vegas, San Diego, Protecting Your Investment, Great Second Income, Ten Steps, Real Estate Investing For Dummies, Sources of Capital, Ten Ways, Financing Your Property Purchases, The Part of Tens, Personal Finance For Dummies, Home Buying For Dummies, Internal Revenue Code, Multiple Listing Service
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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Customer Reviews

25 Reviews
5 star:
 (16)
4 star:
 (7)
3 star:
 (2)
2 star:    (0)
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Average Customer Review
4.6 out of 5 stars (25 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

 
122 of 128 people found the following review helpful:
5.0 out of 5 stars A New Standard For Other Authors To Follow., March 16, 2005
By Guy M. Blasi (Highlands Ranch, CO USA) - See all my reviews
(REAL NAME)   
This review is from: Real Estate Investing for Dummies (Paperback)
Upon the completion of reading this book, I realize that the authors have set a new and comprehensive standard for real estate investors. Investment in Real Estate is an interesting and often frustrating process. Don't let the title fool you, this is a SERIOUS book for serious real investors whether novice or veteran.

The authors obviously know their subject, which is highly diverse. You are guided around pitfalls, and problems. It's almost like you have a wise sage holding your hand because the authors have "been there and done that". I appreciated their candor and honesty throughout the book, but in particular their take on the "information guru's" who sell their get-rich-quick real estate tapes and CD's on the unsuspecting public.

All you other real estate authors take note. You have a new standard to shoot for. Five stars, easy.
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78 of 83 people found the following review helpful:
5.0 out of 5 stars Just what the doctor ordered, February 3, 2005
This review is from: Real Estate Investing for Dummies (Paperback)
I have done some investing on my own but wanted to learn more about real estate. This book is awesome. It covers the basics and more complicated real estate investments. I now know what types of real estate I am going to pursue and how to analyze them. I read the entire book but I am sure I will keep coming back to it for the worksheets and checklists.
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29 of 29 people found the following review helpful:
4.0 out of 5 stars Wish I had seen it first, September 14, 2006
This review is from: Real Estate Investing for Dummies (Paperback)
I am only mid-way through this book but it has already answered so many of my questions (that another book did not)! I am new to real estate investing but not new to real estate. This book is layed out (like the rest of the Dummies books) in a very easy to follow format. It points out items to definitely remember when considering transactions and also points out warnings.

Also, since they have no agenda other than to help you understand the process, they did not try to sell you anything (i.e.; get rich quick schemes). This Dummies book gives it to you straight -- Why you should invest in real estate; How real estate investments stack up against other types of investments, such as stocks, etc.; The benefits of building your wealth by staying in for the long term; What cash flow to expect in the short term, including the possibility of negative cash flow.
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Most Recent Customer Reviews

4.0 out of 5 stars Real Estate Investing
This allows good insight and a great deal of useful information that either solidifies my thoughts and/or adds to my knowledge. Insightful book.
Published 2 months ago by Casey P. Spanish

5.0 out of 5 stars Great Book!
This was a great book. It gives you useful information in an easy to understand format.
Published 8 months ago by Leilani

5.0 out of 5 stars Outstanding!
First of all I should note that I'm a novice when it comes to Real Estate Investing. I've read one other book on the subject and that was "The Unofficial Guide To Real Estate... Read more
Published 13 months ago by Ali Rafatjah

3.0 out of 5 stars Not 2002-2005 anymore
Not a bad book. I'm writing this review late in 2008, so many of the items the book talks about would probably be a HUGE money risk right now. Read more
Published 19 months ago by D. Tracy

3.0 out of 5 stars How quickly the tide turns
This was all great advise for 2005-2006. Now here we are 2008 and everything is upside-down and the best and safest investments appear to be short-sales and various wholesale... Read more
Published 22 months ago by David M. Stewart

5.0 out of 5 stars very informative book
i'm currently reading this one and it's full of useful info, tips etc. i have hiliter marks of different colors, post it notes all over it and a notebook i keep handy so as i'm... Read more
Published 22 months ago by drgonzo01

5.0 out of 5 stars Gotta Get Me Some Land!
Authors Eric Tyson and Robert S. Griswold (the 'S' stands for '$old') do an excellent job of breaking down the often confusing and risky world of real estate. Read more
Published 23 months ago by M. Grant

5.0 out of 5 stars Great book!
This book is super if you are considering real estate as an investment. I like it so much, I take it with me virtually everywhere I go! Read more
Published on March 11, 2008 by Eric M. Lee

5.0 out of 5 stars An Well Written and Throrough Book
Real Estate Investing for Dummies is yet another excellent real estate book in the Dummies series. I have "Home Buying for Dummies" and "Property Management for Dummies. Read more
Published on February 3, 2008 by Terry W. Sprouse

5.0 out of 5 stars Great Information, but with a verbal tick
This book is stupendous! It covers a tremendous amount of information to get you started in real estate investing. Read more
Published on September 21, 2007 by Mighty Tuna

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