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The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Intelligent Buy & Hold Real Estate Investing! Paperback – October 28, 2015
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“There are plenty of books out there aimed at providing the motivation to want to buy rental properties, but there are very few books that provide a detailed, step-by-step framework for accomplishing real estate success. Brandon Turner’s The Book on Rental Property Investing does that, and does it in a way that puts financial freedom through real estate within reach of anyone who wants it.”
―J. Scott, Author of The Book on Flipping Houses
About the Author
Brandon Turner is an active real estate investor and works at BiggerPockets.com. He invests in all types of Flips, Apartments, and Buy-and-Hold properties. He is also an Entrepreneur, World Traveler, Third-Person Speaker, Author, Husband and Father.
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I don't mean to be harsh, but I *think* this is a pretty much useless book written by the next guru trying to sell you something and market his website.
There are no statistics, no scientific data, no analysis.. just random stories like "I was sitting at a Chinese restaurant, I opened my fortune cookie, and it told me that I'm meant for greater things so I decided to invest in real estate."
I'm sorry, but if you're going to suggest people throw all their life savings into one basket, you should maybe give them some hard facts.
What's the percentage of people that fail in the rental property business?
What is your likelihood to succeed? How about looking at different locations and comparing the different markets? Renting in Manhattan is not the same as renting in the Middle-of-Nowhere in Kansas.
What exact practical steps do you take to evict a tenant? Do you need to hire a lawyer and how much will it cost?
How do you calculate the amount of time that your rental property is likely to be empty? Do you have a formula at hand that takes into account the type of property, the location, the general type of population in the neighborhood...?
How do you come up with the legal nonsense that needs to be included in your lease agreement?
I did not find exact and precise answers to any one of these questions.
Instead I was reading about a guy who had loads of luck and managed to build his rental property empire.
Good for you! And the advice that you give is useful but it's also nothing more than common sense.
I am leaving this bad review because I am very disappointed.
I was expecting a lot more in terms of data, analysis, and exact steps towards a practical solution. Instead I got a lot of general bla-bla-bla with with a few anecdotes.
A piece of free advice from me - if you're going to invest in property, do your own research and don't think it's as easy and as glamorous as some people might make it sound.