It also analyzes reviews to verify trustworthiness. Love the positive goal setting that the book starts out with! A very easy read, and very informative. If you find yourself in that group, I recommend you build yourself up to the point where you are confident in yourself and in your abilities first. ABCs of Real Estate Investing : The Secrets of Finding Hidden Profits Most Investors Miss, Paperback by McElroy, Ken, ISBN 1937832031, ISBN-13 9781937832032, Like New Used, Free P&P in the UK Outlines how to achieve financial independence and successful self-employment through property investment, discussing such topics as screening potential partners, utilizing research tools, and setting … We all have to go through this stage. The ABCs of Real Estate Investing is designed to inform any student of finance as well as anyone else dealing with investments. If you are trying to buy and invest in apartment complexes this is a great how to book. Lowest price and Replacement Guarantee. Great book if you are interested in learning more about the subject. For me, it’s not likely I would read it twice. There's a problem loading this menu right now. I haven't read a book this good in a while. I recommend this book to anyone interested in real estate investing. It was the right amount of information to get a quick read over a long plane flight and lead me in the right direction. Download for offline reading, highlight, bookmark or take notes while you read The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss. Be aware it does not address ways to finance your investments, so you will need to look elsewhere if that is information you're seeking. 5 Favorites . This book has more information for first time investors then any book I've read. User Review - Flag as inappropriate. The ABCs of Real Estate Investing Summary. Good book on how the real estate industry works. And the end of each chapter, it gives you a summary of what you need to do. The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss - Ebook written by Ken McElroy. 1. I like to watch Ken and believe he is great at what he does. This book will be referred to very often. “Appreciation is only in your control when you have improved cash flow.”“Buying and holding income-generating assets like rental properties is how you build wealth.”Myth 4 Some people just have the Midas TouchMyth 5 You need a great deal of confidenceMyth 6 You want to do it but do not really have the timeMyth 7 You have to know somebody to get going in this businessMyth 8 You have to be a seasoned negotiator and business personThe listing price is meaningless because it is the seller’s opinion of what the property is worth. The Book on Rental Property Investing: How to Create Wealth with Intelligent Buy and Hold Real Estate Investing (BiggerPockets Rental Kit 2) Brandon Turner. The real gem for me is the Five Step Property Evaluation process. I would recommend this book before starting multifamily apartment complex real estate investment, If you are interested in buying properties as investments but have no experience and are not even sure where to begin, The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss by Ken McElroy may be a great place to start. You can do it inside your house. This book is absolutely fantastic! If you are wealthy but lack overall business acumen or basic real estate knowledge and want to grasp the overall complexity of this operation then this book is for you. McElroy reviewed how to analyze properties and their P&L statements, and how to put together a team (actually...that first). This book so far showed me that there is no secret serum for an amazing real estate investor. You would be an ideal candidate for the author’s investment company as you would be likely unwilling to deal with the minutia of this business. Do not let opportunities divert you from your goal. In The ABCs of Real Estate Investing, real estate investor and property manager Ken McElroy shares to have success in the rental real estate business. Refresh and try again. It was very specific on what to do, and what not to do when investing in multi-family real estate. I have read countless books on real estate. I hope to start my own investment company buying apartments. “Look for markets where the cost of home ownership far exceeds the cost of renting.”3 Location. Great book, lots of actionable advice and inspiration. September 1st 2004 4.7 out of 5 stars 3,019. I'm soooo lucky. Even if you've already taken the plunge and possibly bought a property or two, this book can really improve your skills and possibly help you turn a money pit into a cash cow. Good book on how the real estate industry works. Make yourself accountable to somebody. He did seem stuck on larger properties, and left me hanging with a few questions about smaller investments, but nothing overly required. Commercial real estate is a very different animal compared to residential real estate. Author Ken McElroy is CEO of his own real estate firm and has 20 years of real estate experience. One comment I read on here was that it takes courage to do, and I couldn't agree more. Reviewed in the United States on May 25, 2016. I learned a lot from this book, so much that I am ready to delve into the real estate market. To me, there is a gap between the final expenses/income evaluations and obtaining the financing to purchase. The key to being a successful investor is studying how to forecast future expenses and incomes. Reviewed in the United States on February 26, 2013. High occupancy means great demand and vice versa.2 Prevalence of move-in incentives and specials. Free delivery on qualified orders. *FREE* shipping on qualifying offers. Myths of real estate investing: you have to be wealthy, big deals are too risky so start small, flipping places or using no money down will get you rich, some people are just always lucky, you need to know everything, you don’t have time, you need connections to start, and you need to be a skilled negotiator. Love the questions to ask potential sellers and property managers. Sometimes I couldn't tell if it was geared toward residential properties like SFH - quads, or large apartment buildings. Amazon.in - Buy The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad Advisors) book online at best prices in India on Amazon.in. Unlike when you are buying, when you sell “you want to demonstrate the highest future potential income for the property, not the highest actual income.”2 Running your expenses lean. I look like a genius because I understand the basics and I build upon my knowledge with the internship! Buy The ABCs of Real Estate Investing online of India’s Largest Online Book Store, Only Genuine Products. CHAPTER 2 YOU GOTTA HAVE A GOALA goal is something you plan to achieve, should be measurable (in time, earnings), and should be attainable and realistic. Publication date 2004 Topics Real estate investment Publisher ... plus-circle Add Review. “There will come a day when the properties my partner and I own will be sold. Repairs and maintenance, utilizes, real estate taxes, insurance, replacement reserve.3 Determine net operating income (Income – Expenses)4 Find the capitalization rate and valuationCapitalization rate = Net Operating Income / Purchase PriceProperty Value and Offer Price = Net Operating Income / Capitalization Rate5 Calculate the loan payment and your profit or cash on cashNow you come up with the initial cash flow and arrive at an offer price. Also, I have learned how to calculate the income of the property, the offer price to buy a property and many other calculations. Not quite what you are expecting it to be, Reviewed in the United States on September 23, 2019. Do your homework and find facts!Supply and demand is a critical tool to understand the market and submarket in a particular area. CHAPTER 4 RESEARCH CAN BE FUN?Level One Research. Despite technical writing errors, this book dives deep into the topic of real estate investing with incredibly insightful tips and an easy to follow outline. The ABCs of Real Estate Investing teaches how to achieve wealth and cash flow through real estate, find property with real potential, unlock the myths that are holding you back, negotiate the deal based on the numbers, and much more. He did seem stuck on larger properties, and left me hanging with a few questions about smaller investments, but nothing overly required. by Business Plus, Rich Dad's Advisors®: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors). This was my first Rich Dad book and I really enjoyed listening to it. This page works best with JavaScript. I’ve just read the book in one sitting (2+hours) . Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! You need to read the book business guide to help you run the business. Not a bad book, but I assumed this would be helpful for someone looking to invest in single family rentals. The book is also of great value to working professionals. And it had my favorite thing - formulas to analyze just how good (or bad) an investment is, from a cashflowing perspective. Also, I have learned how to calculate the income of the property, the offer price to buy a property and many other calculations. ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss by Ken McElroy. Find helpful customer reviews and review ratings for ABCs of Real Estate Investing (Rich Dad's Advisors (Paperback)) at Amazon.com. Read The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad Advisors) book reviews & author details and more at Amazon.in. Most authors publish books that have no content, or they write one because of their name so they can receive a residual check. One of the best and most informative books on real estate investment I've read yet. Actually, it happens before it. I gave it a five star because I like how the books breaks down into steps. I also like the formulas to find out the cap rate, Property value, etc. The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors (Paperback)) Knowledge is not power until it is applied, and through application we get experience, and experience is what gives us confidence. Look at the employment and presence of companies as well as employment stability; how stable the employment base is.2 Population. You can still see all customer reviews for the product. Will keep on my shelf and revisit when I start in that market. I probably don't need an accountant and a tax consultant for. Check all new rental property that is in various stages of development, from planning to permitting to construction.Ideally, supply should be lower than demand. Tell people about your goal.2 Plan and set milestones.3 Persevere and drive thorough all obstaclesKeep you focus and discipline. Into the real gem for me, it’s not likely i would read twice. 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