Real Estate Investing for Dummies

Real Estate Investing for Dummies
by Eric Tyson, Robert S. Griswold

Real Estate Investing for Dummies
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Book Summary Information

Author: Eric Tyson, Robert S. Griswold
Edition: Paperback
Audio: English (Original Language); English (Unknown); English (Published)
Published: 2004-12-15
ISBN: 0764525654
Number of pages: 358
Publisher: Wiley Publishing, Inc.
Product features:

Book Reviews of Real Estate Investing for Dummies

Book Review: Outstanding!
Summary: 5 Stars

First of all I should note that I'm a novice when it comes to Real Estate Investing. I've read one other book on the subject and that was "The Unofficial Guide To Real Estate Investing". Although that book was very good, this is truly an excellent book. I must've read at least 20 Dummies Series book's, and this is one of the best. Note, this book is packed with info. it took me 40 hours to read it the first time through (I'm a slow reader), and now I'm going for a second run.

Summary of Real Estate Investing for Dummies

"This is simply the best book on the topic."
—Randall Bell, Author, Home Owner's Manual

"Tyson and Griswold have truly opened the world of real estate investing to all by tackling often complex issues in this easy to understand and use book. I can't think of a better way to get smart about building wealth through rental properties than to read their excellent Real Estate Investing For Dummies!"
—Vern Hoven, CPA

Non-prime time TV is cluttered with infomercials about how you can buy non-prime real estate for next to nothing and get rich quick. Common sense should tell you that's an exaggeration. (If common sense doesn't tell you, bankers will.) Nevertheless, it is possible to get rich gradually by investing in real estate. Long term, you can expect to realize an annual return of 8 to 10% a year.

Real Estate Investing for Dummies gives you the keys to successful real estate investment, whether it's in single family homes and condos, apartments, vacation homes, commercial properties (office, industrial, and retail), raw land, or REITs (Real Estate Investment Trusts). With guidance from authors Eric Tyson, MBA, a financial counselor, and Robert S. Griswold, a veteran real estate investor, you'll discover how to:

  • Find and buy the best properties at a fair price
  • Capitalize on opportunities such as foreclosures, no money down deals, auctions, tax sales, and more
  • Secure financing and good mortgage terms
  • Value, evaluate, and negotiate everything to do with real estate
  • Work with agents and other professionals
  • Project income potential and cash flow
  • Handle contracts, inspections, and closings

Whether you're interested in a fixer supper for rental, premier office space you can lease, or a vacation home you can enjoy and rent, when you become a buyer, you also become a landlord. That means you can hear from tenants any time, night or day. It means you may not hear from them when the rent is due. Real Estate Investing for Dummies also helps you:

  • Find and keep good tenants
  • Negotiate lease agreements
  • Insure and maintain your property
  • Keep good records for tax and accounting purposes

Remember, with any deal, you have to know when to hold them and know when to fold them. So Real Estate Investing for Dummies gives you guidelines on when and how to sell and how to reinvest to build wealth. It also lists 10 real estate investments you shouldn't touch with a 10-foot pole. Especially if you're tempted by those late-night infomercials, that warning could save you a fortune!

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