Getting Started in Rental Income

by Michael C. Thomsett

An accessible introduction to GENERATING RENTAL INCOME FROM REAL ESTATE

GETTING STARTED IN RENTAL INCOME

Just as location is a critical component to the value of real estate, knowledge is a critical component to investing success. As with any type of new endeavor, gaining knowledge and experience is essential as you move forward toward success.

If you're interested in generating rental income through an investment in real estate, but unsure of how to go about doing this, Getting Started in Rental Income will show you the way. Written in a straightforward and accessible manner, this book discusses the two major ways of entering the rental income market--the traditional purchase of rental properties or buying and selling fixer-upper properties--and reveals what you need to do once you're in. This easy-to-read guide clearly explains how
* Invest in the right properties
* Generate cash flow adequate to make insurance, tax, utility, and monthly mortgage payments as well as to allow for periodic vacancies
* Make a profit from flipping properties
* Take advantage of the tax benefits of real estate
* Implement specific strategies--beyond diversification--to mitigate real estate risk
* And much more


Furthermore, Getting Started in Rental Income also identifies the pitfalls and market risks of this field, as well as the personal aspects of becoming involved in rental income. If you're interested in generating income through real estate and want to learn how, this book has all the answers.

208 pages, Paperback

First published June 3, 2005

About the author

Michael C. Thomsett is an expert in technical analysis and stock markets. He has published dozens of books on the topic as well as peer-reviewed papers, magazine articles, and blog entries. He has been writing professionally since 1978 and his best-selling, Getting Started in Options (John Wiley & Sons) is currently in its 10th edition (published by DeGruyter with a new title, “Options”) and has sold over 350,000 copies. The author lives near Nashville, Tennessee and he writes full time.

Reviews

[Tyler Mickley · Rating 2 out of 5]

I was over all disappointed. There was not very much information and it kept being distracted by tips and "does and don'ts" of house flipping. The title is misleading, its an over view of real estate in general with not much to do with renting outside of "stay cash positive". Also, there was a lot of redundant information. I had deja vu several times reading through it. Glad I read it, wouldn't recommend to a friend.

[Lovinthe1320 · Rating 2 out of 5]

At first I thought this book would be packed with information. It was nice to learn how mortgage interest and principle payments are calculated. However after that it kept referring to stocks and "flipping houses" instead of rental income. As per the back of the book, the author is a writer and previously an accountant and systems consultant. With a fast Internet search it appears this author is NOT a real estate professional who invests for rental income. I was looking to learn from an rental income investor, not a person who knows how to write about rental income investing. Got about 90 pages in then stopped.

[Danielle · Rating 3 out of 5]

This book was informative, but very repetitive. I skipped a lot.