"This is the best of the how-to-invest-in-real-estate books currently available."
Robert Bruss, syndicated columnist and real estate author
THE BESTSELLING GUIDE TO REAL ESTATE INVESTING
Now in its fourth edition, Investing in Real Estate is the straightforward guide that helps you start growing your fortune by investing in houses and small apartment buildings. Successful real estate investors Andrew McLean and Gary Eldred show you how you can outperform the stock market by investing in residential real estatethe surest and safest way to build assets.
This new edition offers an expanded discussion of the best methods and techniques for fixing and flipping properties and creating value. You’ ll also find all the information you need to start investing now, as well as up-to-date tips on maintaining cash flow, negotiating deals, spotting market trends, and using the Internet as a research tool to find and buy properties. Let McLean and Eldred show you how to:
- Buy with little or no money down
- Minimize taxes while building your wealth
- Choose neighborhoods and properties that will beat the market with faster rates of appreciation
- Grow value in your properties by investing in improvements
- Pick the best way to finance your purchases
Whether you need money for your child’s college tuition, a more comfortable retirement, or just a higher standard of living, Investing in Real Estate, Fourth Edition is the only guide you need to start building wealth now.
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About the Author
ANDREW MCLEAN has broad real estate experience and has written six other books, including The Ultimate Guide to Residential Real Estate Loans.
GARY W. ELDRED, PHD, a successful real estate investor, has served on the graduate business faculty at Stanford University and the University of Illinois. He is also the author of The 106 Common Mistakes Homebuyers Make (and How to Avoid Them), The Complete Guide to Second Homes for Vacations, Retirement, and Investment, and the Make Money Series, all published by Wiley.
Table of Contents
1. Why Income Properties Remain Your Best Route to a Prosperous Future.
2. Financing: Borrow Smart, Build Wealth.
3. Appraisal: How to Discover Great Properties.
4. Maximize Cash Flows and Returns.
5. How to Find Bargains.
6. Profiting from Foreclosures.
7. Profiting from REOs and Other Special Sales.
8. Quick Profits Through Fix and Flip.
9. More Techniques for High Yields and Fast Profits.
10. Negotiate a Win-Win Agreement.
11. Managing Your Properties to Increase Their Value.
12. Develop The Best Lease.
13. Sell for Top Dollar.
14. Pay Less Tax.
15. An Income for Life.
Most Helpful Customer Reviews
I read this book when I was considering investing in real estate. It is clear that the authors know something about real estate, but one of my concerns is that they try to compare the value of real estate investments with equity investments. The comments they make show a lack of understanding of how equity investments are valued. Further, they gloss over a lot of substantive issues involved with real estate. All examples seem to assume 100% rental, they ignore the costs of maintenance and issues revolving around poor tenants. I found discussions with other landlords to be far more beneficial.
I have read several books on real estate investing and so far, by far, this one is the best. He gives the down side and practical advice along with the possibilities. I strongly recommend
I thought this book was written in a very professional manner. I hate those books that promise a lot of unrealistic things. This book tells it like it is. Very good.
The practical experience of the authors comes through strong in this book. No pie-in-the-sky promises of immediate riches, but good sensible advice on how to build a high income for life. Read this book for the details of appraisal, financing, and locating bargains.But also gives beginning investors a solid knowledge to start from.