Investing in Real Estate
by Gary W. Eldred
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Book Summary Information
Author: Gary W. EldredEdition: Paperback
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2009-10-12
ISBN: 0470499265
Number of pages: 336
Publisher: Wiley
Book Reviews of Investing in Real Estate
Book Review: There is a lot of wasted pages.
Summary: 2 Stars
***I'm only 40% through with the book and will update my review if my opinion on the book has changed. My general impression of the book so far has been that the book is mainly fluff. What I mean is there are a lot of mentions on how real estate is great and how it's a great tool for building your future, but very little on how to actually go about it.
Certain examples mentioned are finding good tenants to rent your property. If you needed a self-help book for this, you really should not consider real estate. It also references unethical "techniques" on how to obtain pre-foreclosed properties. One such method includes becoming friends with individuals at banks that handle delinquent notices. The book even mentions that it is illegal to for such individuals to share private information, but between friends, it is okay. I would hate to see your new friend potentially being fired just to help you score a nice pre-foreclosed property.
The book does do a somewhat decent job of defining various terms, understanding the lingo, and examples of various numeric calculations you can run. I purchased the book with the hopes of learning property appraisal, learning trends, and other techniques which could help me determine whether certain properties are worth investing in. However, I realized that if Mr. Elder focused only on these topics, the book would be approximately 50 pages long. Therefore, he filled it up with 280 pages of fluff.
I'm not saying this book is completely worthless, but beware of what you are purchasing.
Summary of Investing in Real Estate
A fully revised, new edition of one of the bestselling real estate investing guides of all timeThrough its five previous editions, Investing in Real Estate has shown investors how to intelligently build wealth with their investments in houses, condominiums, and small apartment buildings. Unlike many titles in this genre, Investing in Real Estate steers clear of the hyped-up ?no cash, no credit, no problem? promises. Instead, it provides sound, real-world advice and instruction that reflects the author?s time-tested wisdom and experience. This book shows you how to invest profitably, safely, and reliably as you navigate the risks and opportunities of today?s property market. It covers all the topics investors need to master, including how to find, negotiate, finance, lease out, and manage your property acquisitions. Plus, you will discover how to add tens of thousands of dollars of value to nearly any property. Whether you plan to start investing or move your current investing strategy to a higher level, two decades of sales success testifies to the fact that this investing guide stands superior to any others that you will find.
This new edition covers all the recent changes in the market, including the latest housing rescue legislation from Congress, a historical review of how to profit from property cycles, and insightful new ways to gain from the current excess inventories of for-sale properties, foreclosures, and REOs.
? Author Gary W. Eldred has also authored ten other successful real estate titles, including The Beginner?s Guide to Real Estate Investing, The 106 Mistakes Homebuyers Make?and How to Avoid Them, and The 106 Mortgage Secrets that All Borrowers Must Learn?but Lenders Don?t Tell
? Completely revised to cover current ways to prosper in today?s property markets
? Includes new, insider techniques for foreclosure investing
? Features fifteen new ways to profit with property investments
? Shows you how to buy properties for less than they are worth from many sources including auctions, bank sales, and homebuilders
Investing in Real Estate, Sixth Edition retains its premier position as the most reliable, informative, and comprehensive guides to successful real estate investing.
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