Reader's Reviews
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This book is exactly what it promises. It is a beginner's guide to real estate investing. It shows you different ways to make money in real estate because there are many strategies. For example, you might want to flip properties or hold them long term for their cash flow. The book covers topics such as buying foreclosures and REOs, financing with little or no down payments, and adding value through various improvements. Chapter 11, More Sources of Bargains, is particularly valuable because the author teaches various sources of deals such as federal government auctions, sheriff sales, probate, and estate sales. You will also find Chapter 14, Twenty-One More Ways to Push Up the Value of Your Properties, useful. One example of increasing the value of your property includes converting a garage, attic, or basement into a living area that can bring in more rental income.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
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This book is easy to sit down and read. It is motivating and informative. I love the way the other goes about informing you on the ins and outs of investing. Would love all books to use this format and tone of writing.
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Eldred presents solid information on the topics he promises to discuss: how to find ways to pay for real estate, how to evaluate a good opportunity, not just by knowing your local market, but by doing the math, how to negotiate and write a good deal, and some basic tips toward "landlording". The writing is clear and to the point, not larded with "fluff" and stories. I borrow some books on the subject from the library. This one I own.
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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.
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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.
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