World Famous Comics: The Beginner's Guide to Real Estate Investing
The Beginner's Guide to Real Estate Investing
By: Gary W. Eldred Publisher: Wiley Average Rating: Binding: Paperback Label: Wiley Number of Items: 1 Number of Pages: 312 Publication Date: April 09, 2004
Product Description: Everything you need to know to begin acquiring properties--now!
No matter what obstacles you think you face, real estate still offers you multiple money making opportunities. In The Beginner's Guide to Real Estate Investing, successful investor and author Gary Eldred presents the tools and knowledge new investors need to get started. This no-hype guide presents case studies of people just like you-regular people who used these simple, smart strategies to earn big returns. You'll not only gain the basics of real estate investing, but also a vault full of specialized techniques that the pros rely on to grow their long-term wealth. Concise yet comprehensive, this practical guide shows you how to: * Find below-market deals * Invest using little or none of your own cash * Use low or no down payment seller financing * Find creative ways to finance your investments * Make money with foreclosures and REOs * Increase the value of an investment property * Negotiate a winning purchase offer * Manage rentals hassle free * Flip properties for fast profit
In addition, Eldred shows you how to tailor your investment strategy to make money in any place in any type of market. With proven techniques and timeless principles, The Beginner's Guide to Real Estate Investing is the prime resource you need to start building a prosperous future-today.
I own the 2nd Edition 2008 version I am a brand new investor, investing in real estate in the Miami-Dade/ Broward County areas. I have read several articles on real estate and also have listened to CD's on wholesaling, foreclosures, and other such topics. This is the first actual book I have read on any real estate subject. I have found that this book has been very easy to follow and comprehend.
The author is really informative and not only discusses how he invests, but he gives voice to alternatives. I have been attending the local real estate investor's meetings, so with my limited knowledge, I can ascertain that the author is in fact a professional in this field and not just another person trying to become a millionaire by repeating techniques that (he) hasn't utilized, himself.
I recommend this book to all real estate investors that are just beginning in this field. This book does not go into step by step detail on how-to do certain deals, however, it gives an overall understanding, for the beginner to better make a decision on which area of real estate they would like to invest in. I, myself have now narrowed my interest parameters to other subjects that I was not interested in prior to reading. Overall I give this book, 5 stars. It sets a higher bar for any book that I read hereinafter.
Decent Entry Level Book. Not a bad read --definitely skewed towards beginners. Good in terms of its scope. You might be interested in looking into these: The WealthLoop Series Beginner's Guide to Building Wealth Buying Houses: The Foolproof Roadmap to Real Estate Riches Without the Risks and Hassles of Landlording, and the companion CD; The WealthLoop Series Beginner's Guide to Building Wealth Buying Houses (Combo Audio/Data CD): Author's Audio Commentary Plus Downloadable 32-page Marketing Manual, Checklists, Spreadsheets, and Forms.
A related program is:
The WealthLoop Series Beginner's Guide to Personal Wealth Creation (Combo Audio/Data CD): Audio Seminar With Downloadable 40-Page Action Manual and Active Link Library.
Reader Beware, Beginner does not mean Dummie Eldred has set this book up for what he considers to be a beginner. He does not take you by the hand and walk you through all the vocabulary or every aspect of the business. For example, if you don't know what owner financing is, expect to take a few pages to figure it out on your own.
Another problem I had with this book is that I am pretty sure that some of his methods for financing are illegal. He lives by the "They won't ask, and you don't tell" philosopy. He is also a big believer in no money down loan financing. I have seen A LOT of people get into trouble this way: it promotes get rich quick idealism and before you know it, you're in over your head.
However, there are a few things I did like, Eldred has experience, and gives pros and cons for ALMOST every one of his suggestions. While some of his financing ideas no one in their right mind should try, the rest are well presented and worth considering. He also breaks down the equation (math) side of things and gives examples to make it easier to understand.
Some useful stuff, but not what I was hoping for.
A good start This is truly a good start to real estate investing because it covers a lot of different business models. I know many of us here come from a real estate agent background where our jobs are to sell for other people. This book kinda opens up your eyes to the rest of the real estate industry, where people are making more money by bypassing the real estate agent side.
This was one of the first books I've ever read on real estate and I highly recommend it. I have some other recommendations, see my other reviews.
Concise and straight to the point This book is comprehensive. It covers a lot of topics about real estate investing. Furthermore, it offers tips and tricks on how successful investors were able to pull off their deals. Something that is hard to come by, as many real estate authors aren't really investors.
Just a side note -- if you're an expert, you'd probably learn something from this, but overall you would be bored. So don't buy it thinking your going to get a "for experts" book, this is for beginners. Those that have not made their mark on the real estate market yet.
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