The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Smart Buy & Hold Real Estate Investing
If you’re considering using real estate investing to build wealth or obtain financial freedom, this book is a must-read. With nearly 400 pages of in-depth advice, The Book on Rental Property Investing imparts practical and exciting strategies that investors across the world a ...more
Just to compare with…moreI think the book is specific to US or countries with a similar state of financial and real estate markets, and also fiscal policy.
Just to compare with Russia. Interest rates are above of ROI from property investment. So the whole idea of positive cash flow is dead there. Property taxes in Russia are as ten times _less_ than in US, so deduction trick is not so useful.
The country is in crisis about every 5 years. I didn't check it, but I hardly believe the banks will encourage you much to overleverage your portfolio. And no, no 0% downpayment.
And there are tons of another things, like local regulation, difference in risk profile, possibility of remote management, market liquidity and so on.
Read the answer as "the book is about US market".(less)
CHAPTER 1 WHY I LOVE RENTAL PROPERTIES
Why Rental Properties?
1 Ability to purchase with leverage
2 Ability to hustle for greater returns
3 Ability to manage investment directly
4 People always need a place to live
5 It has worked for millions of people before
6 Fairly stable and predictable
7 Incredible variety
8 Simple and straightfo
I have learned so much from biggerpockets.com (they are the real estate authority in my opinion; the Facebook of Real Estat ...more
This book highlights all the issues we face owning a rental property and surprisingly, I was able to match all the problems we ever faced owning a small multi-complex building with the ones mentioned in the book.
We never knew these were fairly common in the real-estate world and luckily, the book also guides you through solving most of these issues.
Additionally, this book is full of precious content including analyzin ...more
Great book. Well worth the price. I think I have been lucky so far with my rental property, but will seriously reevaluate my lease with my tenants once up. Great direction for landlord securities and I will be joining the bigger pocket forums now and listening to the podcasts.
Investing in real estate is something I have always wanted to do. I knew from an early age that I did not want to spend my life paying someone else’s mortgage in the form of rent, and was adamant that I could achieve more than simply finding a family home to settle down in and wait until retirement.
I am a competitive person by nature, but I get incredibly frustrated when I feel t ...more
I appreciated the brevity of the book. There wasn't a lot of extra fluff. Each chapter started out with about a page or so of flu ...more
Recommended for everyone interested in rental property, doesn't matter if you want to be a simple small landlord or a mogul.
Not only did it reinforce many things I knew or was wondering, but I learned things I never knew.
I'd give it 5 STARS if I could.
How to find deals
• MLS- Must be a realtor
○ Find a great agent that is fast and motivated
○ You have to be fast for this to work
○ Find 2 bedroom homes and turn them into 3 bedroom homes
○ Make a lot of offers and fail often
○ Find old listings
○ Focus on distressed
○ Make your ...more