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The Unofficial Guide to Real Estate Investing (Unofficial Guides) Paperback – August 22, 2003
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If you think the only path to riches is through the stock market, then think again. In The Unofficial Guide to Real Estate Investing, Martin Stone and Spencer Strauss show how to generate financial security one property at a time. The authors, both real estate brokers, illustrate basic concepts such as researching and valuing properties, obtaining financing, managing tenants and expenses, and dealing with taxes. They believe that the "biggest little secret" in real estate is the tremendous leverage that investors can enjoy. They write, "If you have $9,000 to invest, for example, you could buy $9,000 worth of stocks, bonds, coins, or art. With $9,000 to invest in real estate, however, you could purchase a four-unit FHA apartment building worth $300,000." The book includes hundreds of tips on everything from how to minimize vacancies and be a good landlord to making an offer and working with contractors. Well written and easy to read, The Unofficial Guide to Real Estate Investing is a solid introduction for anyone seriously considering real estate as full- or part-time source of income.
From the Back Cover
The inside scoop... for when you want more than the official line!
Weve all heard stories of the millionaire real-estate tycoons who started out by scraping together enough money for a down payment on a modest first propertyor so the legend goes. And weve all seen the books that promise to show you how to make a million dollars buying houses with no money down. But when average people like us can barely pay the mortgage or the rent, we dont need get-rich-quick schemes or hocus-pocuswe need the inside scoop on how real estate investing can improve our lives.
The Unofficial Guide to Real Estate Investing, Second Edition, gives savvy readers like you a foolproof appraisal of everything from the most basic concepts of real estate investing to complicated tax and financing formulations. Millions of Americans got burned when the Internet bubble burst and corporate scoundrels ran off with their retirement accounts. Now theyre discovering that real estate can be their ticket to a prosperous retirement. Fully updated to take account of new tax law changes and now including listings of current apartment owners associations in all 50 states, this new edition is friendlier and more comprehensive than ever. If youre looking for a long-term investment that you can controlsafe from robber barons and market swingslook no further than The Unofficial Guide to Real Estate Investing, Second Edition.
- Vital Information on the inside world of real estate investing
- Insider Secrets on tax shelter benefits
- Money-Saving Techniques for valuing property correctly and determining its most profitable use
- Time-Saving Tips on borrowing money and discovering which investments have the potential to turn into tomorrows hot properties
- The Latest Trends in hot real estate investing options
- Handy Checklists and charts that help you put together a top-rate investment plan, generate cash flow, and pick the best real estate agent
Top customer reviews
When I first entered the real estate market, I was a novice investor. I found this book to be very helpful and insightful and gave me a good solid vocabulary enabling me to converse intelligently with the Real Estate agents I was working with. I am now a full time Real Estate Agent specialing in commercial real estate and I continue to recommend this book to my customers with little background in Real Estate investing and purchasing.
If you are a seasoned investor with many purchases in your background and portfolio, then this book may not be for you. While you may or may not be aware of the many calculations and insights this book offers, I believe it is still a worth while addition to an investors library.
If you are new to Real Estate investing I highly recommend this book. It contains many helpful calculations and insights to give you a good solid background of what you need to know to invest in real estate.
The calculations are real world examples used in practice by both Residential and Commercial Real Estate Agents. It offers topics on Creative Financing, Property management as well as an overview of the various types of Investment properties.
Book is dividied into 7 major sections - Understanding Real Estate as an investment, Secrets of real estate investing, Mastering the Market, Setting your investment goals, Putting your money on the line, property management essentials, Facing your fears.
I think most initial investors (prime target audience for this book) will find section 1, 2 and 6 useful and something they should read as part of their preparation for starting a real estate investment career. Other sections are well written and will probably be used more as reference as opposed to an end to end reading during the first skimming through the book.