- ISBN13: 9780470183427
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description
Start making money today —with the ultimate guide for first-time investors
No matter what the market does, real estate stilloffers plenty of moneymaking opportunities. In thisnew edition of The Beginner’s Guide to RealEstate Investing, Gary W. Eldred presents the toolsand knowledge new investors need to get started profitably. Packed with smart moneymakingstrategies and real-life stories from successfulinvestors, this edition also covers the latesti… More >>
this is a must if you want to get into the field of real estate. Burt Bakman
Rating: 5 / 5
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.
Rating: 5 / 5
The fundamental problem with this book is, it assumes you can buy a property for 100K, and get $1000 a month in rent. That’s just not possible anywhere in America. Where I live 500K gets you about $2000 a month in rent. About 400K gets $1000 a month. Because the books hinges on these numbers it’s really quite useless.
Rating: 1 / 5
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.
Rating: 3 / 5
As an active real estate investor I highly recommend this book. This book will show you the endless possibilities of investing in real estate. Highly Recommended.
Rating: 5 / 5