Product Description
The conservative, thoughtful, thrifty investor’s guide to building a real-estate empire.

Profitable real-estate investing opportunities exist everywhere as long as you know what to look for and understand how to make prudent deals that transform property into profits. David Crook, of The Wall Street Journal, shows how to make safe and sane investments that ensure a good night’s sleep as your real-estate portfolio grows, your properties appreciate and your income increases. The Wall Street Journal Complete Real-Estate Investing Guidebook offers the most authoritative information on:

• Why real-estate investing is a great wealth-building alternative to stocks and bonds and why it’s crucial that you avoid get-rich schemes
• How to get the financing and make the contacts to get started
• How to start small and local, be hands-on and go step-by-step with a vacation home to rent out, a pure rental property or a small apartment building
• How to find and value great properties, do the numbers and ensure you have that beautiful thing called cash flow
• How the government blesses real-estate investors with tax breaks and loopholes, and how you can be one of the anointed
• How to deal with the nuts-and-bolts of being a landlord and have a strife-free relationship with your tenants ... Read more

Customer Reviews (23)

Great practical resource
If you are looking for a straight forward, practical handbook to serve as a quick reference, this book is outstanding.All tactical issues such as ratios, contract guidelines, tax considerations are covered.The book is well suited for the newcomer to real estate as well as to the experienced veteran.A quick read with concise details. 5 stars!

Very well grounded book
I've read quite a few real estate investing books, and this is the most well grounded, and well spelled out one I've found.Rich Dad/Poor Dad style books give you lots of samples of good purchases that were made, and leave you jazzed up to give it a try yourself, but this book skipped the specific examples and instead relied on logic and basic facts to provide you with knowledge (not hype).Yet amazingly, it was still a pretty entertaining read! I very rarely give a book five stars, but this one earned.I would highly recommend it for the library of anyone starting out in real estate investing.

As an added bonus, the author of this real estate investing is named "Crook" - what more could you ask for?

A REAL Book on Real Estate
It's no secret, to those close to me, that I am a huge fan of real estate investing. The book of the week was The Wall Street Journal Complete Real-Estate Investing Guidebook by David Crook. I liked this book because it was very informative on a very "real" level. It didn't boast unreal expectations like many real estate books. The methods outlined within this book can take someone with somewhat little knowledge in the field and help them really start making money with investment properties.

There was one particularly helpful chart within this book that I would like to tell you about. The chart outlined how to prepare for your starter property. It is broken into 4 categories: 1-3 months, 4-6 months, 7-9 months and 10-12 months. Each time period has tasks to be completed within it... let me show you.

1-3 months- Educate yourself (read up on real estate investing), Network, Clean up personal finances (pay off your debts and correct credit reports)

4-6 months- Get the business going (interview banks, work on getting a corporate entity established), Walk the streets (know the areas where you will be doing your search), Check out properties (get a feel for the market and crunch numbers)

7-9 months- Get liquid (make funds available for when you need them), Go shopping (make some lowball offers and get a feeling for negotiating), Get preapproved from your bank or financial source

10-12 months- Go for it, do your due diligence, get your money

I think laying out a plan is especially helpful for anyone just getting off the ground. I love to make plans. I actually have plans for myself that range from month to month and even 10 years in the future. It really helps a person get things in perspective... "what do I have to do here to get there?"

Crook also does a great job of directing a portion of his book to novice investors. In his 6th chapter, There's No Place Like Home: Smaller Residential Investment Properties, he explains how to get your cashflow generated with smaller properties. I am a big fan of starting off with a nice duplex. It helps you get a feel for the management environment on a smaller level. I feel that if you are going to have expectations of a property management company, you should understand the field. Additionally, with a duplex you can get a cheap rent (a lot of people think you'll live for free if you have the other side rented, however, when you take in to account the taxes, maintenance, utilities, and insurance you will probably just end up with a much cheaper version of rent.) You will most likely start having a positive cashflow on the second property and then from there... the sky is the limit!

Real Estate is a great investment for several reasons, but I want to clear up a misconception that a lot of people have about real estate investing. A lot of people see their personal home as a investment... however it's not. Several of my authors have explained this concept and Crook does and especially great job of making the point clear with an illustration of a the same house on two pages, one being used as a home and one being rented out. The house being used as a home has expenses just like one being rented out, however, when you use the house as your home your expenses (taxes, utilities, interest paid on mortgage, maintenance, upgrades etc.) in the long run outweigh your financial benefits from the sale down the road. People don't include the expenses of running a home into the "investment" of their home. The myth of having a home as an investment has been passed along for years, but when you see the reality you have an opportunity to change that mind set. Put more of your savings into solid investments and riches will be awaiting you.

I think this book is a really great read for anyone thinking about getting into their first few real estate deals. The Wall Street Journal books are always very well written and they come with little side modules with helpful little tidbits, which I think is a nice way to break up the book and make it more interesting. I think this book is a great, easy read for anybody, but would be especially helpful for anyone that is or aspires to manage people. I particularly love talking about real estate, so don't hesitate to ask me questions if you have any! I would be more than happy to help anyone that wants it.

[...]

Down-to-earth advice for real estate beginners
This book is a good, solid guide to real estate investing. Focused in cash-flow and rental yields, this book will appeal to real estate beginners, but more experienced investors might not find a lot of insight.
Warning: if you are not a US market real estate investor, many parts of the book will not be applicable to your needs (local laws, taxes,...)

Great book for the newbie or amateur.
This book is directed toward the novice real estate investor which is exactly what I am. Great book, even better information contained in it. Must read for every new real estate investors. ... Read more

Product Description
Real Estate Investing For Dummies, 2nd Edition, is completely revised and updated to help you overcome the challenges and and take advantage of the opportunities in any real estate environment, including a down market. But Eric Tyson and Robert Griswold's core message remains as relevant today as it did upon the initial publication of Real Estate Investing For Dummies -- investing in real estate is time-tested vehicle to build wealth in the long term. Tyson and Griswold don't tell you how to become a millionaire overnight. Instead, they offer proven, practical, and actionable advice so that if you chose to invest in income-producing properties, you can do so wisely and confidently. ... Read more

Customer Reviews (25)

Real Estate Investing
This allows good insight and a great deal of useful information that either solidifies my thoughts and/or adds to my knowledge.Insightful book.

Great Book!
This was a great book.It gives you useful information in an easy to understand format.

Outstanding!
First of all I should note that I'm a novice when it comes to Real Estate Investing.I've read one other book on the subject and that was "The Unofficial Guide To Real Estate Investing".Although that book was very good, this is truly an excellent book.I must've read at least 20 Dummies Series book's, and this is one of the best.Note, this book is packed with info. it took me 40 hours to read it the first time through (I'm a slow reader), and now I'm going for a second run.

Not 2002-2005 anymore
Not a bad book. I'm writing this review late in 2008, so many of the items the book talks about would probably be a HUGE money risk right now. Maybe pick it up when the real estate industry picks back up...ummm...maybe around 2012. Unless you have cash on hand now to invest in foreclosures or something along those lines. Good informative read nonetheless though.

How quickly the tide turns
This was all great advise for 2005-2006. Now here we are 2008 and everything is upside-down and the best and safest investments appear to be short-sales and various wholesale flipping stategies for investment. As I read the book I kept being reminded of how a changing market requires a changing approach to investing. ... Read more

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 latestinformation on financing, foreclosures, cash flow, and much more. You'll not only master the basics ofinvesting, but also discover specialized techniques that the pros rely on to grow their long-term wealth. Concise yet comprehensive, this practical guide shows you how to:
*

Find great deals on properties with big potential
*

Get started with low- or no-down payment financing
*

Utilize creative financing options and otherpeople's money
*

Buy low-cost foreclosures and REOs
*

Make value-adding improvements to any property
*

Craft winning offers and negotiate like a pro
*

Manage rental properties hassle-free
*

Flip investment properties for fast profit


In addition, Eldred shows you how to tailor yourinvestment strategy to make money almost anywhere, in any type of market. With proven tech-niques, timeless principles, and totally up-to-dateinformation, The Beginner's Guide to Real EstateInvesting, Second Edition is the perfect place to start building a prosperous future --- today. ... Read more

Customer Reviews (18)

It delivers exactly what it promises
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

Easy
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.

Solid Basic Information
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.

I own the 2nd Edition 2008 version
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.

Decent Entry Level Book.
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. ... Read more

Product Description
If you're interested in real estate investing, you may have noticed notice the lack of coverage it gets in mainstream financial media, while stocks, bonds, and mutual funds are consistently touted as the safest and most profitable ways to invest.According to real estate guru Ken McElroy, that's because financial publications, tv and radio programs make the bulk of their money from advertising paid for by the very companies who provide such mainstream financial services.On the other hand, real estate investment is something you can do on your own--without a large amount of money up front!Picking up where left off in the bestselling The ABC's of Real Estate Investing, McElroy reveals the next essential lessons and information that no serious investor can afford to miss. Building on the foundation of real estate investment 101, McElroy tells readers:

• How to think--and operate--like a real estate mogul
  
• "The Top Ten Real Estate Markets to Watch"
  
• How to identify and close expert deals
  
• Why multifamily housing is the best real estate investment out there
  
• How to surround yourself with a team that will help maximize your money
  
• How to avoid paying thousands in taxes by structuring property sales wisely
  
• Important projections about the future of real estate investment


• And more.

Customer Reviews (8)

great book
this book was great on building some of the other things that i have learned through the internet and other books. if you want some real indepth knowledge in multifamliy investments than this is a great book to give you that. there alot of great tips for the advanced investor and down to me who is the brand new investor looking for my first property. the most talked about item i found in the book is doing you due diligence and making sure the numbers add up to profit. hope this helps its a must buy for investors

Informative Reading
For those of us beginning a career in real estate investing, Ken's book is excellent. Written with easy-to-understand prose and examples. Ken is a professional who wants others to succeed.

Millionair in the making!
My husband dream of making a million dollars!Every book regarding this subject has been a passion of is ... he just might make it too!
Having been retired twice in his life time ....some people just do not know how to quite!
I did!!retired a decade ago!!! :)

He reads all he can get his hands on, A set of three books were a gift to him from me...who knows he just might be the next Gates!

First step into multi-family investing
This book is the next level of The ABC's of Real Estate Investing. This time, the author educates readers about multi-family investing, which is different than single-family investing. A multi-family investor can benefit from economies of scale. For example, how many ads do you have to place when you are advertising for a 100-unit apartment complex versus a 100 single-family homes? One versus a hundred.

In this book, the author provides his beliefs why multi-family properties are the best real estate investments, how to identify and close deals, and how to build a team that will help with your real estate investments. I would also suggest educating yourself more on the subject before jumping into multi-family investing, but I think that this book is a great start.

- 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

Not just for the advanced investor
I recommend this book to anyone who read the Rich Dad Poor Dad series. This book was well written and covers a lot ofareas of investing, from understanding a hot market, multi family units, securing the deal, making sure you got the best deal and much more. This isn't just for the advanced investor, even newbies can understand these concepts. Now I know why they're Kiyosaki's advisors, they know they're stuff!
Rich Dad's Advisors: The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals
[...] ... Read more

Product Description
Want to get rich through real estate? Then you need The ABC's of Real Estate Investing. It's the definitive guide that will teach you how to find property, evaluate its worth, negotiate the deal and make money in the process. There are no 'get rich quick' tricks on these pages, just proven methods that deliver bottom-line profits and increased property values. -Ken McElroy, Real Estate Investor, Property Management Expert, Business Owner, and Author The ABC's of Real Estate Investing will: * Achieve wealth and cash flow through real estate * Overcome the myths that are holding you back * Find property with real profit potential * Evaluate a property and set your own purchase price * Negotiate the deal based on the numbers * Discover hidden profits in the properties you buy or own * Increase your income through proven property management techniques. ... Read more

Customer Reviews (80)

Eye Opening and Comprehensive
This book is a good introduction to real estate investing. Most people think of single family homes as the summation of real estate, but the world of commercial real estate is completely different. It is also more accessible than you might think, and this book shows you why. It also shows you why "flipping" properties and "no money down" deals are poor strategies to build wealth and cash flow. I also suggest McElroy's other two books, the Advanced Guide to Real Estate and ABC's of Property Mangement. Once you have studied these, you will have a good foundation to begin looking for deals and getting your feet wet. Now, with the economy so low, is the ideal time to be learning these principles, so you will be well-positioned for whatever the economy does in the next ten years and beyond. Gray Erlacher

Clear and Concise
This is a great book for explaining basic conceptsof multifamily residential real estate and a framework for pursuing this type of assett.

As a business owner, I liked it. But maybe too simplistic.
I'm a business owner and I enjoy business and real estate investing. Good principles are taught in this book about using real estate to enhance your investing desires, however it may lead first timers down a path of "THIS ISN'T HOW THE BOOK SAID IT WOULD BE!" Use your common sense and a good support group of real estate agents and accounts and possibly lawyers to help you embark on the exciting field of real estate

Very Good Info!
Very good info and well written. Easy to read and understand. Not at all boring. But it is geared more towards multi-family investing, than towards single rental homes, although many of the concepts are transferable.

Great book.
This is an outstanding book for anyone considering real estate investments.I highly recommend it. ... Read more

Product Description
Praise for After The Fall

"Steve Bergsman provides his readers with one of the most comprehensive, yet concise overviews of real estate and all its property types."—Christopher Macke, Vice President, GE Real Estate

"This is an extraordinary work of detailed research and compelling writing. I've never seen the subject presented in such a cogent and skillful manner."—Phil Hall, editor, Secondary Marketing Executive

"The way out of the financial crash of 2007/2008 will come through skilled operations, astute investing, and the ability of real estate practitioners to give up their mental memory of the future! The heated success of ten-year, unprecedented growth in the real estate industry has somehow atrophied the industry's application of knowledge. What we need is a fresh look at opportunities and strategies for real estate investing. We are lucky that Bergsman's book has fit the bill—just in time."—Jack M. Cohen, CEO, Cohen Financial

"Insightful and informative; connects all the dots, providing the basis and foundation for making strategic decisions about real estate."—Stephen Blank, Senior Fellow, Finance, The Urban Land Institute ... Read more

Customer Reviews (13)

Serious Small Investors Should Read This Book Carefully
The book is organized into five parts, with parts one and two dealing with commercial real estate, parts three and four dealing with residential real estate, and part five dealing with leisure real estate.The book contains twelve chapters- wisely ending before chapter thirteen (get the pun?!?).Each of these chapters could easily be expanded into a book in and of itself.Each chapter is divided into three main sections- where we were in the space, where we are in the space and where we are likely headed in the space of interest.Bergsman relies heavily on insider anecdotes and commentary, particularly within the where we are headed sections.Each chapter also ends with a bonus box that highlights a particular property type or trend within the sector.I found some of these to be informative, but others to be, well, filler.Then again, others might find all of them useful, or perhaps find the ones I felt to be most useful to be filler.Still, the bonus boxes were very useful overall, and introduced quite a few key concepts that were new to me.Bergsman provides lot of critical insight in the introduction and afterword sections.One small demerit that I found with the book was that the notes were not very extensive.Additionally, at the end of the book, he also could have included a list of sources- books, references, websites and whatnot, on each of the key real estate sectors for further reading.

Bergsman makes a successful attempt at being even-handed throughout the book.He never boosts real estate in general, and he never cries doom and gloom.Bergsman remains realistic throughout, acknowledges the really challenging situation at present.Although I felt that he was a bit too sanguine about the future of real estate over the coming decade, I agree with his stance that the real estate cycle must be respected, and that eventually, things will improve (I just don't agree with his seven-year cycle, which I believe he incorrectly inferred from the last real estate fiasco; the forces at work in today's market are quite different from those that prevailed in the last Great Bust, so that leads me to think that the outcome will be a bit different this go-round.This slump will be a bit deeper and take a bit longer to work through than he optimistically predicts.).

In passing, the policy makers have narrowly avoided a hard landing this time around, and are hoping (and praying and begging) for a soft landing.However, the plane-that-is-real-estate still faces considerable headwinds and turbulence in the years ahead, and I fully expect a bumpy descent and a cock-eyed landing (after all, the airport-that-is-the-regulatory agencies sprayed foam on the runway- bailed out the major banks, sank interest rates to below-the-basement and pumped the economy full of cash- for a reason).A lot of what Bergsman had to say simply confirmed my own suspicions, but a few things in his book did stand out.These are:

Real estate prices in many sectors and geographic markets still have a ways to fall.
In keeping with this, a lot of the serious money is still on the sidelines.
When the dust finally settles, a lot of markets won't be coming back.
Some markets will restructure, and as a result will look radically different than they did pre-bust.
A select few markets will actually come out of this ongoing fiasco a lot stronger.

Astute readers of this book will pay very close attention to the recurring theme in each chapter of retrenchment and concentration.As to where and when and how to invest (ignoring issues of geography), with an eye to the small investor, in my opinion I would say that 1) going forward most small investors will be shut out of the better deals at least for the next two to five years, 2) most of the available deals will favor the investors willing to defer an eventual payoff for at least five to seven years and 3) as for making those few deals that immediately pay off based on the fundamentals, it's all about the timing and the time for such deals just isn't right yet.The time to get in is when you see the banks getting serious about putting this whole mess firmly behind them in their rear-view mirrors, the serious money gets deadly serious and starts making deals and the policy makers get a little sense slapped into them and start getting serious about job creation (a second incarnation of the Works Progress Association, anyone?).In short, none of the heavy-hitters are serious yet, and in such situation, losses are virtually guaranteed; remember, the banks and the policy makers are scared- quaking in their boots, for a reason. Until the big players get serious, I would say sit on your hands, hurry up and wait.

In sum, Mr. Bergsman has definitely proven his worth with this fine book, as he has successfully demonstrated to my satisfaction that he is a trustworthy source of useful and timely information on commercial real estate.Future editions of this book would do well to highlight broad demographic and economic trends in an additional chapter (much like what he did with the chapter on insurance and property taxes) and flesh out certain property types a bit better, such as health care facilities- skilled nursing facilities and senior housing come to mind here.Beyond this, I believe the book to be both solid and sound.I will definitely put some of his other books on my `to read now' list, and be certain to keep tabs on him and his writings from now on.

Worthless
This is the most dissappointing book I have ever read.Instead of "Opportunities and Strategies for Real Estate Investing in the Coming Decade" as the book advertises, this is just an extremely boring, drawn out, painfully trivial, detailed discussion of recent real estate markets.It's a history of what has happened in the last few years in real estate, not a discussion of how you can take advantage of the current situation to invest now.After reading the book you end up with a splitting headache, a feeling of vastly wasted time, and no clue how to invest in the current real estate market.

Mr. Bergsman's Books
I would like to highly recommend all of Mr. Bergsman's books, including "After the Fall."I have read them all and have learned something valuable in each and every one of them.As someone who works in the commercial real estate business, I enjoy these books for their educational and entertainment value.The first-hand accounts really add to the credibility of the topics tackled.As real estate continues to evolve and grow into an asset class as ingrained as stocks and bonds, we need more authors like Mr. Bergsman to explain the intricacies of the business to both those inside and outside of it.

"After the Fall" is a great source for ideas about positioning yourself or your company to take advantage of the current environment in commercial and residential real estate.While headlines continue to account some of the pain that has occurred in real estate, it is always important to see the other side of that coin...and that is Mr. Bergsman's specialty...

Another Amazing Book on the Commercial RE Market
Steve does it again. Another fantastic book about the current and prospective future of the commercial real estate market. Steve is one of the best writers in the country on commercial real estate. His knowledge and connections in this industry are spectacular. This book and Steve's other books are all must reads. Being a real estate developer and owner of a commercial brokerage firm I make sure that all my employees read Steve's books.

Insightful, informative, enlightening!
I've read a few of Steve Bergsman's books and they have all taught me a few things about the real estate business.However, After The Fall does something different.It explains how we got into this property market mess and when each sector of the real estate industry will finally escape.Maybe the folks bailing out the banks should read this book? ... Read more

Product Description
Thinking about becoming a commercial real estate investor? Commercial Real Estate Investing For Dummies covers the entire process, offering practical advice on negotiation and closing win-win deals and maximizing profit. From office buildings to shopping centers to apartment buildings, it helps you pick the right properties at the right time for the right price.

Yes, there is a fun and easy way to break into commercial real estate, and this is it. This comprehensive handbook has it all. You’ll learn how to find great properties, size up sellers, finance your investments, protect your assets, and increase your property’s value. You’ll discover the upsides and downsides of the various types of investments, learn the five biggest myths of commercial real estate investment, find out how to recession-proof your investment portfolio, and more. Discover how to:

• Get leads on commercial property investments
• Determine what a property is worth
• Find the right financing for you
• Handle inspections and fix problems
• Make big money in land development
• Manage your properties or hire a pro
• Exploit the tax advantages of commercial real estate
• Find out what offer a seller really-really wants
• Perform due diligence before you make a deal
• Raise capital by forming partnerships

Investing in commercial property can make you rich in any economy. Get Commercial Real Estate For Dummies, and find out how. ... Read more

Customer Reviews (22)

Book Review
I received this book quickly and in the condition stated.
I highly recommend this seller!!

I gained a good grasp of commercial real estate investing
I have rental residential property and am interested in learning about commercial real estate. I thoroughly enjoyed Commercial Real Estate Investing for Dummies. The detailed checklists are handy tools and easy to understand. The book explains well the various facets of the business. I just finished reading the chapters on property management and protecting your assets. I learned the importance of limited liability companies. Also, the practical advice of how "mere respect and congeniality" can help in striking deals as well as avoiding lawsuits (asset protection).

I would highly recommend this book for those interested in commercial real estate investing. Also, Peter had helped my wife and I purchase our cuurent home. We saved a lot of money but I was struck how intently Peter listened to us and patiently explained various strategies. If you ever get a chance to consult with Peter, you will be treated with respect and an attention to detail for your property.

Good book on commercial real estate
In this book, readers learn how to invest in commercial real estate such as office buildings and apartment buildings. I think that it provides a good introduction to real estate, but I will say that Chapter 13, Why Properties Fail, is the most important one. People tend to get excited about how much money they will make and forget about what can happen when they do not. I really liked how the author said one of the reasons for failure is to forget to run the property like a business. I will add to this a little more because this creates a refinancing risk.

Residential real estate is completely different from commercial real estate. Investors can place a 30-year mortgage on a single-family home and only refinance when the rates drop to a level that it is beneficial to them. However, commercial real estate can only be financed with a 3, 5, or 7-year mortgage meaning that the owner has to refinance after these years. This requirement can have a huge impact on whether you make or lose money. Here is why:

Let's say you buy a commercial property for $3,000,000, and it generates income of $600,000 and incurs expenses of $300,000. So you are left with $300,000, which is your net operating income. Let's say that the bank requires you to put down 25%, which, in this case, is $750,000, and you get a mortgage for $2,250,000. You operate the property for 3 years, and it is time to refinance. But for some reason your real estate taxes, insurance, and other expenses went up from $300,000 to $350,000. Also, you had to lower your rent or you lost some tenants and your income went from $600,000 to $550,000. Now, your net operating income is $200,000 ($550,000 - $350,000), which is less than $300,000 before. You might say this is not big deal because you are still making positive cash flow. I don't agree. This is a huge deal because commercial properties are valued mainly based on income and now your property is not worth $3,000,000 to the bank that will be refinancing the property. With a net operating income of $200,000, the property may be worth only $2,000,000, and this is a problem because you have a loan of $2,250,000. This means that you just lost your entire equity and some more. Now, you cannot refinance because you might not have enough money to pay the first bank, and you cannot sell because the proceeds from the sale will not be enough to pay off the mortgage. This is the problem that experts are discussing on TV during the current financial crisis. They predict that because property values went down, owners will not be able to refinance, and there will be an increase in the number of commercial real estate foreclosures.

If you decide to get into commercial real estate, I would also recommend paying attention to Chapter 18, Ten Ways to Increase Your Property Value.

- 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

My favorite beginner's book on commercial real estate
This is my number one favorite beginner's book on how to invest in commercial real estate. The book is basically a complete business plan and reference text. Keep a yellow highlighter handy. The book also has two "table of contents", a quick locator and the normal detailed table.

Of course, the authors slip in a "soft sell" for their mentoring/coaching services for those folks who want a little more hand-holding. Just be sure to compare the cost of mentoring to the cost of an experienced commercial real estate attorney. For $10,000 you can buy Conti's mentoring or you can buy a lot of commercial real estate legal advice from your attorney. Just remember that attorneys provide legal advice, not necessarily business advice.

Don't let the "...for dummies" title fool you. This book is much better than what the title suggests.

My number two favorite book is
Trump University Commercial Real Estate 101: How Small Investors Can Get Started and Make It Big. You can read my review of it over there.

A Solid Investment Book
This is a solid investment book directed at investing in commercial real estate ventures.Well thought out and well executed, the book should make a great reference for years to come! ... Read more

Product Description
The Skinny on Real Estate: An Introduction to the Subject (Part 1) is the first in a three-part series of books about real estate investing. This book gives you an overview of the topic, outlining questions to help you determine if real estate investing is right for you. In this book you will learn the basics as Jim Randel sets the foundation for investment strategies. This quick read will prepare you for a lifetime of investing!

In The Skinny on Real Estate Investing, you will learn how to:

- Analyze a house like an investment
- Do a cash flow analysis
- Utilize leverage to juice returns
- Raise partnership capital
- Perform a real estate investing self-test
- Walk away from asking prices
- Buy and sell for profit.

The author of The Skinny on Real Estate Investing, Jim Randel, has invested in real estate for 25 years, having bought and sold houses, duplexes, triplexes, apartment buildings, office buildings, retail properties, factories, land and a warehouse. Randel has been a guest speaker outlining his investment strategies around the United States at business schools (Harvard and NYU), annual real estate conferences (eg NAR and RE/MAX) and investor sessions in San Francisco, Kansas City, Milwaukee, Washington DC, Boston and Seattle.


Randel has very definite points of view about real estate investing:

- It's a tremendous opportunity for wealth generation
- But, not "get rich quick," or "risk-free"
- If it isn't fun, don't do it
- Never, never buy on the seller's pro forma
- If you can't add value, pass on the deal
- Asking prices are irrelevant
- Institutional investing should be avoided at all costs by entrepreneurs - Houses are real estate investments
- It's a buyer's market
- It's all about execution ... Read more

Customer Reviews (13)

"Real Estate Investing" Delivers!

Review of "The Skinny on Real Estate Investing: An Introduction To The Subject" by Jim Randel."Real Estate Investing" delivers on the subject!I am not sure what other readers expect but the premise of "Skinny" is to get to the heart of any topic, in this case "Real Estate Investing" and convey that information to the audience.This minimalistic approach is useful for those who desire the respective information, wisdom, etc. in a condensed format where the framework lacks excessive verbiage and the "hiding of the ball" so to speak.If the reader requires more detailed information on the topic a lengthy bibliography is included at the end.Short, sweet, and to the point is the hallmark of this series.Add a first color page replete with summarized key points and/or important terminology and a perforated book mark and you have what I consider to be a winning volume.Five stars without reservation for a job well done!

Must Have For This Topic!


Written by Jim Randel who has been an active real estate investor for thirty years, The Skinny On Real Estate Investing is the first of a three part series on the subject and is meant to help the reader decide if real estate investing is right for him.His credentials range from single family homes to multi-family properties and include retail centers and other commercial spaces as well as land.The advice comes from his success and failures along with his extensive knowledge on the subject.The goals of the book are simple; introduce the subject to the reader enabling them to better understand the job of a real estate investor and to "disabuse the notion of real estate investing as a get rich quick scenario".This book is not for those who are thinking quick and easy money, but rather for the serious hard working person who has a sincere interest in the subject matter or it looking to further their knowledge.

The book is set up according to Randel's easy to read guide.Its' comic book style enables the reader to learn about the subject of real estate investing through Billy and Beth, as previously seen in "The Skinny On" series.Billy and Beth enable the reader to learn in an interactive, fun and easy style.The book can be read in about an hour for the average reader.In this short amount of time the reader is given a wealth of useful and practical knowledge on the subject of real estate investing.It was very easy to understand and follow.The book tells the truth about the topic and does not try to persuade a person to start the path of real estate investing without the full knowledge of how it works and what you will get yourself into.The book uses humor, wit and practical knowledge to get important topics and points across to the reader.It is a very quick and enjoyable read that is totally worth the investment.

As previously stated, the book is the first of it's' series on the topic.It is designed for readers who want to know if real estate investing is right for them.It is also useful as an overview for readers committed to the three part series as it sets a foundation for key investment strategies in preparation for a life time of investments. It is a must have for anyone interested in the topic of real estate investing or buying their own home.Do not start your journey without the proper research!This book is a great start and has plenty of suggestions for further education and reading on the topic.The book even comes with a handy bookmark outlining key terms the reader will need to understand.

Reviewed for bookpleasures

BUY THIS BOOK before you even think about Real Estate Investing
It's rare that I like a book so much I can't wait to review it, but that's just how I felt after finishing THE SKINNY ON REAL ESTATE INVESTING.This author/Real Estate Investor - Jim Randel, is a Genius.Why do I say a man who uses Skinny Cartoons to teach something complicated...is a genius?Because it takes brilliance to make something so complicated so easy to understand.My husband and I both have full time jobs and are raising a teenager and are also small time real estate investors.Fortunatly before we bought our first investment property we had good advice, hours of it - but we could have saved time, if we had just bought this little book.I recommend this book for every High School class on finances - oh wait, they don't teach financial management in High School - well - they should!I recommend this book to every parent who wants his kids to have an easy read on some critical points of investing wisely.In fact, I'm going to suggest my family go over this book after dinner and we can all reinforce Jim's Great Points!

I realize many of the other reviews are from Big time Real Estate Investors - well, I'm a writer - and small time investor - take my word for it - this is a GREAT BOOK! Easy Read, Valuable Info!

The Skinny On Series....
Read The Skinny On The Housing Crisis and come back to this book to figure out a plan on how to make money in a time and place where the money is tight and the market volatile.It can be done - just plan carefully.

Solid Advice on RE Investing
Jim Randle writes quick but potent books for "Really Busy People," and in "The Skinny on Real Estate Investing" he comes through yet again. TSOREI utlizes pictures, memorable truths and slogans to instruct the reader in the fundamentals required for proper RE investing as he offers wise advice aimed at protecting the new investor. In today's market this is an outstanding resource written in a manner that is simple to understand and apply.

Within this spunky volume one discovers how to:

- Make money as an investor
- The importance of positive cash flow
- Discern the risk V. potential profit
- When to buy and when to not counter offer

This petite volume provides practical and effective ideas that one needs to understanding BEFORE one invests in the expensive, but possibly profitable realm of real estate.
... Read more

Product Description
Dolf de Roos’s Commercial Real Estate Investing reveals all the differences between residential and commercial investing and shows you how to make a bundle. De Roos explores the different sectors—retail, office space, industrial, hospitality, or specialist—to help you discover which is right for you. He shares key insights on finding tenants and avoiding vacancies, financing large investments, managing property, setting a tax-smart corporate structure, and take full advantage of tax breaks. ... Read more

Customer Reviews (3)

Great book on commercial real estate
I think that the author explained the benefits of commercial real estate very well in this book. He says that most people think that commercial real estate works just like residential real estate, except that the dollars involved are much larger. It doesn't work like this because psychologically, residential real estate deals with people, where commercial real estate deals with contracts that spell out the responsibilities of landlords and tenants.

The author says that the reason why some investors decided to make the switch into the commercial world is because they get tired of dealing with people and their complaints, tardiness, whining, avoidance, carelessness, rudeness, and indifference. Commercial real estate is different because tenants are running their businesses at the property so they are less likely to leave. Also, they want long-term leases, and fix property problems on their own. This is like a dream for every landlord, but there are also disadvantages to commercial real estate such as the difficulty of attracting commercial tenants. I recommend this book to readers.

- 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

Clear and complete - terrific reading
This accessible book gives a clear, comprehensive view of commercial real estate investing. Very useful!

Makes Sense to Me
This book has convinced me to start focusing my energies towards commercial real estate investing vs. residential investing. The author has experience on both areas and has written books on both commercial & residential investing. His experiences and college lecturing convinces me he is a reputable source. He doesn't make any crazy get rich promises, but provides a good frame of reference to operate from which include finding property, finding tenants, factoring whether it is a good buy, and financing etc... I can't wait to put the ideas to work. I recommend the book to any one curious about getting started in commercial real estate investing. In fact, I'm buying a copy for my father-in-law who only invests in residential rental homes. ... Read more

Product Description
Earn BIG profits in commercial real estate

If you’re tired of get-rich-quick real estate concepts that sound good but don’t really work, then it’s time to get expert advice on commercial real estate investing from one of the most published real estate authors in America. This straightforward guide gives all real estate investors a shortcut to what does work and why. You’ll find all the essential tips and insider knowledge it takes to get started in commercial real estate. Simple and to the point, this book presents 12 easy-to-follow steps that anyone can use to build a life of financial independence.

Full of real-world examples, insider tips, and tried-and-true advice based on the author’s 40 years of hands-on experience, this comprehensive resource covers all the major aspects of investing in commercial real estate. You’ll learn everything you need to know about financing, valuation, due diligence, leverage, equity, using other people’s money, and much more. Packed with fresh ideas, proven techniques, and effective strategies for profitable investing, Commercial Real Estate Investing gives you all the tools you need to start amassing your fortune today.

Inside you’ll find:

• 7 dynamics of commercial real estate
• 4 greatest real estate myths
• How to make big profits even if you sell for less than you paid
• 6 primary factors that govern real estate values
• 9 critical steps to building an effective comfort zone
• 8 most important elements of due diligence
• 4 levels of property management
• 8 steps to solving problems during negotiations
• 3 magical factors of high positive leverage
• 6 elements necessary for maximum financing
• 9 steps to becoming a real estate "insider"
• 10 ways to convert contacts into profit centers
• 6 powerful negotiation tactics
• Dozens of examples, checklists, and more

Customer Reviews (17)

Reveals Three Critical Points About Real Estate Investment
A relatively easy read, with carefully crafted examples to drive home its main points, this book is perhaps one of a handful of books that I would recommend to anyone looking to invest in commercial real estate, or simply to gain a little insight into and appreciation of the topic.

The book reveals three critical points associated with real estate investment.The first is that city hall determines the ultimate value of any real estate property (here I have glossed over some inconvenient math, which is adequately explained in the text).Cummings sums it up by saying that the use (of a property) determines its value, but he also is careful to mention that zoning determines use and that city hall ultimately makes the decisions about zoning.Therefore, it behooves the aspiring real estate investor to get to know the mad hatters (in my experience, this is the only term that quite aptly applies) that run city hall.Since they determine the zoning in a neighborhood, and the zoning governs use, and as Cummings also correctly points out, the use determines the amount of net operating income that can be generated, in the end, city hall dictates the value of any commercial real estate investment.As such, real estate investment is a very political activity, moreso than other types of investment.

The second critical point is the identification of a comfort zone in which to make real estate investments.Comfort zones have two important dimensions.The first and most important dimension is the property location, and the second dimension is property type.Ultimately, the successful commercial real estate investors tend to be specialists who focus on a particular property type within a carefully selected region or locality.

The third critical point is the importance of due diligence in commercial real estate investment.One can think of it as doing one's homework on a prospective property purchase or as doing extensive detective work on the investment (kicking the tires, looking under the hood, whatnot).As Cummings puts it, it is better to think of this critical point like this: Imagine a two-sided coin, with one side being How Much Do You Know About The Property Before You Purchase It, and the other side being How Much Do You Want To Pay After You Purchase The Property?If there are any problems afoot, the less you know before the purchase the more you will pay after the purchase, and (not necessarily) vice versa (like most investors, if you uncover extensive problems during due diligence, you will likely pass on the purchase).

I like to think of these critical points as the Three Golden Rules of Real Estate Investing.These rules are there to keep you out of trouble.Along with a few other useful hints, the book makes for a fast and excellent on the topic of commercial real estate investment.This book, combined with any of the books written by Frank Gallinelli, will put the aspiring real estate investor on firm footing for a successful career in commercial real estate investment.

Super introduction to commercial real estate
Many people are intimidated by commercial real estate and I think that this book does a pretty good job at helping people overcome their fears. Commercial real estate is not simply residential real estate with more zeros at the end, but it is not something that you cannot understand. This is probably the easiest book to read on the subject. Commercial real estate is all about the income that it generates and I think the author does well explaining how to evaluate properties, value them, and most importantly how to increase their income so that the property value goes up. I liked reading his personal stories of how he added value. For example, he bought an office condo from a business that was moving to a larger location. After closing the transaction, he divided the space into two units and sold one for the price that he paid for the entire space. What a great deal! I believe that anyone who wants to learn about commercial real estate will enjoy this book.

- 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

Excellent First Book for New Investors
I read this book twice early in my investing career and still find it to be an excellent primer for real estate investing.It is well written and very readable.The basic concepts are just as applicable to residential investors as commercial investors.If nothing else, read Chapter 8, How to Become a Commercial Real Estate Insider, and Chapter 9, How to Build Effective Contacts.These two chapters highlight the importance of networking and relationships.Real Estate investors may think they are in the property business, but in fact they are in the people business.
I highly recommend this book to anyone interested in investing in real estate.

Team Player
The book work well for i what i needed it for and the condition was better than i thought it would be!

Great reference book
Cant tell you the amount of times I have referred to this book in my dealings.Invaluable information in there! ... Read more

Product Description

Isn't it Your Turn to Get Rich in Real Estate?

This book is for the average Joe. Whether you're starting out as an investor or homeowner, you'll get the tools you need to start making money in real estate.

This is not magic, merely common sense applied to the world of real estate. Stuart Rider provides you with information that most people never come across. It's presented in an organized and effective way so that almost anyone can understand it and put it to use. It is not a get rich quick scheme; capital and hard work are required, but starting with a personal residence, most readers can accomplish their goals of financial independence in a reasonable period of time.

• Covers housing, land investment, income property investment, and real estate development
• Includes strategies for both up and down market cycles
• Offers priceless tips for getting into the market with minimum risk
• Provides references so you can research housing stats in your own area
• Includes a CD with customizable forms and spreadsheets including personal financial analysis, 10-year investment schedule, ROI, projections and more

From maximizing the potential of a home to investing in land or income property, Rider puts you on the path to wealth. It is literally a blueprint for personal gain. ... Read more

Customer Reviews (1)

Great Overall View of Every Aspect
There have been lots of fortunes made in real estate. There are lots of ways to make money in real estate. Some people swear by buying rental properties. Some want apartment houses or commerical property, warehouses, storage units or whatever. There are those who buy run down building and fix them up. And there are those who build houses. Some books talk about buying distressed properties at auctions or estate sales, neglecting that there are a lot of people looking for deals like this, especially the real estate agents in the area. This book covers all of these ways and many more. It's a generalized coverage of real estate investing in all of its aspects.

The author, Stuart Leland Rider is a long time real estate developer and investor. He writes from personal experience. He covers nearly every area you could ask from why real estate at all to providing a CD with customizable forms and spreadsheets to give you a start on the analysis that you need to do.

There's just one point I'd recommend that he doesn't mention. That point is: if you're seriously thinking about real estate, go get a job working in real estate. Probably the easiest job to get and the one that will give you the most general background is to be a salesman at a small real estate agency. But if this is not your bag, go to work for a contractor, a handyman, or whatever your particular interest might be. You'll learn a lot. This may be things that you can learn from this book, but if you actually see them in action you'll understand them better. ... Read more

Product Description
This book reveals the best and most effective tax loopholes successful real estate investors use to maximize their profits.This revised edition covers all the new tax laws, and features new and updated case studies and examples.Find out why real estate is probably the best investment money can buy due in part to the profit-maximizing tax loopholes that directly benefit real estate investors.

Inside you’ll find practical guidance and trustworthy advice on:

• Tax loopholes that turn your home into a profit center
• How to increase your investment profits and use real estate as a legal tax shelter
• Tricks for using your vacation home as a tax-savings investment
• Real estate investment strategies for taking advantage of international tax laws
• Creative tax flow techniques for increasing your investment’s profitability
• How to cut taxes through the 1031 tax-free exchange, pension funds, real estate loss deductions, homestead exemptions and joint tenancies
• Real estate pitfalls and how to avoid them ... Read more

Customer Reviews (6)

Very good insight.
I enjoyed reading this book.It has given me direction on setting up my business.Diane Kennedy has some very good information in this book that I would encourage you to read.Well written book.

How to Boost Returns with Tax Strategies

Just about all of the advice in the book will help a real estate investor enhance his returns through smart tax planning. Saving money on taxes means more to the bottom line, which increases returns. This is not a rah-rah get pumped up to do deals type book, more of a step by step type explanation of how to best protect yourself (using LLC's or Corporations) and how to save on taxes (1031 exchange). They also touch on the relatively new TIC (Tenants in Common) structure, which is looking more and more useful because it will let partners out of a deal to do a 1031 without having to sell the whole property.

Overall it's all stuff a real estate investor needs to know, but I personally would have liked more real life deal examples. In Dolf's 52 homes in 52 weeks there are lots of examples (52) of him doing deals with a breakdown of the profit or loss on each.

By Kevin Kingston, author of: A 20,000% Gain in Real Estate: A True Story About the Ups and Downs From Wall Street to Real Estate Leading to Phenomenal Returns

And my blog is: The Real Estate Investors Blog

Finding more tax loopholes
I thought "Real Estate Investing Loopholes" was put together really well.It has a lot of information that will help you find the tax loopholes that will help you best.My favorite Chapter was "Be Paid to Live in Your Home", by having a home office I have been able to write off more expenses and pay less tax.It works.I highly recommend this book.Thanks Diane and Dolf.

Great source for Real Estate Information
I really liked the chapter, Smart Business Structures That Reduce Risk and Tax. Now I think I better understand the differences between the possible structures and will be able to ask better questions when I am ready to start investing. Also, I like that this book has practical information and is not just trying to dazzle me with get rich quick nonsense. I would recommend this book to anyone who is interested in real estate.

Cashflow is key
I just finished reading Real Estate Investing Loopholes and it is just simply brilliant! I have started investing for cashflow and already can see the benefits.What I have learned the most from your books is the importance of having a plan and due diligence. Thank you so much. Keep writing and we will keep reading. ... Read more

Product Description

A Codifying “Best Practices” Guide to Effectively Managing the Entire Real Estate Investment Process

Product Description
A fully revised, new edition of one of the bestselling real estate investing guides of all time

Through its five previous editions, Investing in Real Estate has shown investors how to intelligently build wealth with their investments in houses, condominiums, and small apartment buildings. Unlike many titles in this genre, Investing in Real Estate steers clear of the hyped-up “no cash, no credit, no problem” promises. Instead, it provides sound, real-world advice and instruction that reflects the author’s time-tested wisdom and experience. This book shows you how to invest profitably, safely, and reliably as you navigate the risks and opportunities of today’s property market. It covers all the topics investors need to master, including how to find, negotiate, finance, lease out, and manage your property acquisitions. Plus, you will discover how to add tens of thousands of dollars of value to nearly any property. Whether you plan to start investing or move   your current investing strategy to a higher level, two decades of sales success testifies to the fact that this investing guide stands superior to any others that you will find.

This new edition covers all the recent changes in the market, including the latest housing rescue legislation from Congress, a historical review of how to profit from property cycles, and insightful new ways to gain from the current excess inventories of for-sale properties, foreclosures, and REOs.  

• Author Gary W. Eldred has also authored ten other successful real estate titles, including The Beginner’s Guide to Real Estate Investing, The 106 Mistakes Homebuyers Make—and How to Avoid Them, and The 106 Mortgage Secrets that All Borrowers Must Learn—but Lenders Don’t Tell
• Completely revised to cover current ways to prosper in today’s property markets
• Includes new, insider techniques for foreclosure investing
• Features fifteen new ways to profit with property investments
• Shows you how to buy properties for less than they are worth from many sources including auctions, bank sales, and homebuilders

Investing in Real Estate, Sixth Edition retains its premier position as the most reliable, informative, and comprehensive guides to successful real estate investing.
... Read more

Customer Reviews (121)

Classic
Excellent book that covers a plethora of topics.I've gotten an older version of this copy, but I would highly recommend to anyone who's looking to invest in real estate, to start here first.There are other specializations in real estate (see my other reviews) that you can dive into and there are good guides there, but Eldred's book would be my first stop.

Real Estate Investing Education At Its Best!
Outstanding! Investing In Real Estate: Sixth Edition by Gary Eldred, PhD is one of the best books on real estate I have ever read. The book is replete with wisdom and practical advice, and your knowledge about the field of real estate investing will be enriched. You'll definitely become well educated and make informed decisions in regards to your real estate transactions. The book is a must-read for novice and experienced real estate investors. In fact, anyone who is considering buying, selling, or managing real estate--whether or not for investment purposes--should read this book. Donald Trump confirms why he is a real estate magnate when he wisely teamed with Gary to develop some of the Trump University real estate curriculum. Investing In Real Estate is not a book full of hype on getting rich in real estate, but a book fit for a college or university course. Get "real" in your real estate investing by studying and practicing what this book teaches. You'll be blessed if you do.

My real estate bible
Very useful book.Cover most topics in the real estate market.Highly recommended.

Some shine has warn off...
Some of the shine has worn off real estate investing lately with the credit crisis and mortgage blowouts, but still, people have to live somewhere, and , unfortunately, (or fortunately), some persons losses are other persons gains.

I think the next year or two are going to be excellent times for investing in real estate, and more specifically, detached single homes purchased for rental income. McLean and Eldred have created a fine book that guides you through the pitfalls of real estate investing with some very solid advice. It could use better information on getting statistics. While it does have some links, it needs more, because some of the information is buried deep in some websites.

The first chapter is an argument on how real estate is a better investment than stocks. The authors use averages of the stock market to determine what kind of dividend you can get on stocks. While that may sound fair, the reality is a good stock picker doesn't purchase average stocks. They purchase great stocks that are currently down. For instance,not too long ago you could have purchased Bank of America for just over $20.00, with a dividend yield of over 8 percent. Paychex was available at 3.5%. While the average yield may be 2 percent, many individual stocks are yielding between 3 and 6 percent. Then you wait for a dip in the price and pick them up between 4 and 7 percent, often giving an average portfolio of 5.5 percent. Yes, this is still lower that what you would make on a rental, but:

Then their greatest failure to understand the best method for picking stocks: you choose the stocks that have consistently increased dividends every year, year in and year out. There are many stocks that do this. They often have yearly increases well over 8 percent, many in the last fifteen years have increased over 15 percent on average. The authors expect you to be able to raise your rents 4% every year.

Given a choice between raising your cash flow 4%, or 8, 10 or 15 percent, which would you take? A single percent difference can mean hundreds of thousands of dollars lost, or gained in twenty years. A difference of five percent or more can mean millions lost or gained.

But all that aside, with the current state of the market, a lot of people are going to make a lot of money off other peoples pain. Thats unfortunate, but that is the way it is. As Baron Rothschild, an 18th century British nobleman said, "Buy when there is blood in the streets".
The possible down side is a possible glut of rental housing in some areas, notably Arizona, which already has a good supply of rental housing and currently has a high number of vacant foreclosed houses.

Monthly rents are likely to lesson (a boon for renters) as supply increases further, causing less cash flows, perhaps negative cash flows. But Arizona has a growing population, both young people and retired are moving there. The population will eventually catch up and rents will again begin to increase.

The authors reject the stock market, personally, I think a combination of investing in stocks and in real estate will give you a more balanced and safer portfolio. I think this book will definitely help you with your investment goals.

RE investing A - Z
If you are just beginning in RE investing you must get this book.It goes over all of the different types of RE investing.This book is a must have for Real Estate investors.
... Read more

Product Description
Canadians in greater numbers than ever before are turning to real estate to build wealth. The Authentic Canadian real Estate (ACRE) system is the first of its kind to show average Canadians how to profit from investing in residential real estate. In real Estate Investing in Canada, you will discover how to cut through the hype and emotion of any real estate market and accurately assess the inherent risks and rewards. Whether you are buying your first property or your 100^th, this book provides new-found tools, strategies and confidence to help you achieve your investment goals.

WHAT CANADIAN INVESTORS SAY ABOUT REAL ESTATE INVESTING IN CANADA AND DONR. CAMPBELL:

"This is a great book. The information in just one of the chapters alone saved me over $28,000." - Michael Millenaar

"Full of practical Canadian content and presented in an organized and respectful system. It directly addresses how to get the money and financing you need to purchase real estate and achieve your goals." - Tamara MacLaren

"One of Don Campbell's great gifts is his near-genius ability to take something that appears complex and break it down into a simple step-by-step system that anyone can follow. I am convinced that everyone will thoroughly enjoy, and more important, benefit financially, by reading this book." - Russell Westcott

"The power of Real Estate Investing in Canada lies in the super simple, market-proven system that it offers you. It makes real estate dreams possible for any Canadian. If you are serious about learning the truth, cutting through the hype and being successful, this is your real estate bible!" - Valden Palm, MisterRRSP.com.

The markets across the country are continually shifting and you must keep on top of the latest information. So, as a bonus, every registered reader of Real Estate Investing in Canada will have proprietary access to critical forms and ongoing market research at www.reaestateinvestingcanada.com ... Read more

Customer Reviews (18)

Viewers aware! disappointed!
I agree with the review written by John Vantel on July 16, 2005. I am disappointed at this book. I can find much more valuable information at the small "real estate" section of "Personal Finance for Canadians for Dummies" than this whole book. The book has compiled a simple to-do-list for people who will be interested in doing real estate investment. It is an ok job. I think the main purpose for this book is rather to get people sign in for their monthly paid membership program or attend their seminars. Just to be aware.

Must have if you want to buy revenue property in Canada or elsewhere
This is an excellent, step by step, clear and consise approach to how to acquire good revenue property.Much like a John Grisham novel, it is hard to put down before you're done!Excellent network supporting the process available to you too.

Warning, FAKE reviews
Please be aware that all the 5 star reviews you see below are all probably written by the auther himself. You will notice that all the reviewers have posted within a very short time from each other, most have a common single name, and if you click on their name this is the only review they have written on Amazon.

I have not read the book, but if the publisher/author had to resort to abuse of the Amazon peer review system, then his advice can't be worth taking.

Great book for Canadian real estate investing
Don Campbell finally fills in a needed gap in real estate literature."Real Estate Investing In Canada" is a great book on real estate investing focusing completely on Canada.

Mr. Campbell goes through the basics on real estate investing by telling the story of a new investor.I somewhat liked the approach... only partially because I've done a lot of reading on real estate before and this was a little bit tedious.However I wish I had read this book first and then the other books because this broke down the process really well.

The organization of the book is exceptional and the major points are spelt out.It is also an easy read with a lot of great information, particularly the mortgage binder.

On the downside, the book could have used a little more detail in specific Canadian techniques that an investor can use as well as in structural analysis (major points to look out for).However the book still deserves it's 5 out of 5 stars rating.

Finally � a book for Canadians that works!
After reading a lot of books and taking a lot of courses, this book finally fills the gap.It does it practically and teaches you the basics you need to know to really buy property.No fuss, no muss, just do it using a simple approach.The other guys tell you stuff to sell books, Don tells you stuff to buy properties.

I have purchased several properties using these exact systems.

Thanks Don! ... Read more

Product Description
The inside scoop... for when you want more than the official line!

We’ve all heard stories of the millionaire real-estate tycoons who started out by scraping together enough money for a down payment on a modest first property–or so the legend goes. And we’ve all seen the books that promise to show you how to make a million dollars buying houses with no money down. But when average people like us can barely pay the mortgage or the rent, we don’t need get-rich-quick schemes or hocus-pocus–we need the inside scoop on how real estate investing can improve our lives.

The Unofficial Guide to Real Estate Investing, Second Edition, gives savvy readers like you a foolproof appraisal of everything from the most basic concepts of real estate investing to complicated tax and financing formulations. Millions of Americans got burned when the Internet bubble burst and corporate scoundrels ran off with their retirement accounts. Now they’re discovering that real estate can be their ticket to a prosperous retirement. Fully updated to take account of new tax law changes and now including listings of current apartment owners’ associations in all 50 states, this new edition is friendlier and more comprehensive than ever. If you’re looking for a long-term investment that you can control–safe from robber barons and market swings–look no further than The Unofficial Guide to Real Estate Investing, Second Edition.

• Vital Information on the inside world of real estate investing
• Insider Secrets on tax shelter benefits
• Money-Saving Techniques for valuing property correctly and determining its most profitable use
• Time-Saving Tips on borrowing money and discovering which investments have the potential to turn into tomorrow’s hot properties
• The Latest Trends in hot real estate investing options
• Handy Checklists and charts that help you put together a top-rate investment plan, generate cash flow, and pick the best real estate agent

Customer Reviews (52)

Sound real estate investing advice
I really like that the author said that real estate investing is not a get-rich-quick investment vehicle. For me, it puts this book in a good category versus the garbage books that promise the sky. I think that the authors provide very good real estate advice.

The only criticism I have of this book and other real estate books is that they do not warn readers of the dangers of leverage. They only talk about how great leverage is. For example, the author of this book says that a modest 2 percent growth in value translates to a 20 percent return on a property with just a 10 percent down payment. However, it also works the same going down, meaning that a 2 percent decline in prices results in a 20 percent loss. In addition, a 10 percent decline in real estate values results in a 100 percent loss. Many investors thought that real estate values could never go down. Unfortunately, they are paying a huge price now as real estate values have declined significantly. With that being said, I believe that real estate prices are either close to a bottom or already at a bottom, which means that if you invest right now, you are very likely to make a lot of money in the future.

Besides this, I think this is a really good book.

- 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

Fantastic
Excellent book for the first time buyer, a lot of information definitely need to read it twice...

It really depends on your level of experience...
as to whether you will find this book helpful or not.

When I first entered the real estate market, I was a novice investor.I found this book to be very helpful and insightful and gave me a good solid vocabulary enabling me to converse intelligently with the Real Estate agents I was working with. I am now a full time Real Estate Agent specialing in commercial real estate and I continue to recommend this book to my customers with little background in Real Estate investing and purchasing.

If you are a seasoned investor with many purchases in your background and portfolio, then this book may not be for you.While you may or may not be aware of the many calculations and insights this book offers, I believe it is still a worth while addition to an investors library.

If you are new to Real Estate investing I highly recommend this book.It contains many helpful calculations and insights to give you a good solid background of what you need to know to invest in real estate.

The calculations are real world examples used in practice by both Residential and Commercial Real Estate Agents.It offers topics on Creative Financing, Property management as well as an overview of thevarious types of Investment properties.

Good, simple and to the point
Like most Unofficial Guide, this is no nonsense, yet authoritative and useful. I would recommend this book for first time investors in real estate or even for people who may have done some investment in the past but want to become serious in real estate investment.

Book is dividied into 7 major sections - Understanding Real Estate as an investment, Secrets of real estate investing, Mastering the Market, Setting your investment goals, Putting your money on the line, property management essentials, Facing your fears.

I think most initial investors (prime target audience for this book) will find section 1, 2 and 6 useful and something they should read as part of their preparation for starting a real estate investment career. Other sections are well written and will probably be used more as reference as opposed to an end to end reading during the first skimming through the book.

Just The Facts
If you want a no nosense book about Real Estate Investing this is the book for you. No fluff, just basic things you need to know in order to be successful. I recommend this book highly. ... Read more

Product Description
Throw everything you know about investing in residential real estate out the window!Investing in commercial real estate is a whole different ball game. Described as "The book Robert Kiyosaki's second book should have been.", this tell-it-like-it-is book will teach you everything you should know about building wealth with commercial real estate. Find out why it's easier to purchase commercial real estate than residential real estate, how to find and analyze commercial real estate, learn about common ploys real estate agents and sellers use to sell commercial real estate, common tricks of the trade commercial real estate brokers and lenders don't want you to know about and the 10 Steps to becoming a successful real estate developer. There's no fluff here-just what a novice commercial real estate investor needs to know. Compare it to any other commercial real estate investing book out there and you will see why it's called, "The Best Damn Commercial Real Estate Investing Book Ever Written!" ... Read more

Customer Reviews (36)

The Best Damn Commercial Real Estate Investing Book Ever Written
Absolutely Fabulous!Very informative, Step by step processes, Do's and Don'ts,Financing suggestions, All from actual experiences.Many lessons learned, some the easy way, some the hard way. Monica shows us how she reaches for her goals through hard work and perseverance.

Great book
Great book with plenty of information, gives a few examples which makes it easier to understand.

Commercial vs. Residential - It is a totally different GAME
I used to work for a commercial real estate brokerage firm, and I still found this book helpful. It is written from an investor's perspective. I still think the best way to learn about the business is to work for a brokerage firm because you learn from other people's mistakes, but the author of this book did an excellent job describing the world of commercial real estate investing. The market is flooded with books on residential real estate investing, but there are only a few books written about commercial real estate investing. Buy this book and learn as much as possible before risking any money in commercial real estate.

- 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

Great content -- if you can make it through the book
Monica Villasenor has an inspiring personal story.Her success seems to have come from good old fashioned hard work and tenacity, with a heaping dose of smarts and resourcefulness.In the book she lays out many of the lessons she learned on her own with advice about getting around the obstacles or avoiding a path with them altogether.It's five star content.

I gave her three stars.Giving us further evidence of her entrepreneurial spirit, the book is self-published.I applaud the gumption, and I try to support these kinds of bootstrap efforts.The problem is that the book contains typos, grammatical errors and compositional shortfalls that became a distraction from all the good information.

I like her though.I think she's got plenty of valuable information for us, an approachable writing style, and her success is balanced with her family life, which is very important to me.I'll buy her next book if I see that she employed an editor.She suggests in the book that you should surround yourself with qualified help (CPAs, tax attorneys, etc.).Hopefully in her next writing endeavor she follows her own advice with some editorial reinforcement.

All cover, no substance...
A friend gave me this book to read. Now that I think of it, he probably just wanted to get rid of it.

At best, it's a cursory review of trivial commercial real estate investment strategies--none of which are particularly creative or new. At worst, it's a fashion magazine with a somewhat attractive cover girl. Sorry. Big thumbs down.

Not everyone is meant to be an author. ... Read more

Product Description
Gary Keller, New York Times Best-Selling Author, "The Millionaire Real Estate Agent" and Co-Founder, Keller Williams Realty International
John . . . You Rock!In reviewing it I think it definitely can be of true help to anyone serious about wealth building!

Zaki Naziri (Hartford, CT)
I have to thank you and congratulate you for sharing and authoring an awesome book on real estate investing.This is what I was looking for . . . Your book was extremely appealing to me because it was set-up very systematically like an operational manual . . . When I read your book it just struck the right chords.

Great Book . . . By N. Brar Tech_Addict (New Jersey)
The book walks you through the process . . .[and] the author is very genuine and makes practical sense.I couldn't wait to get my hands on it . . .Bonus points, he gives you all the necessary documentation including the lease(s).I searched the internet for guidance in the same arena and there are people who charge $250 for similar advice. Buy it even if you are a pro in real estate!

Formatted for maximum user friendliness and flexibility, this mixed-media CD has both audio and data components so that you can listen on your car or home CD player, or download on your computer.The audio component features just over an hour of priceless commentary by the author as he explains the principles and strategies of his WealthLoop approach to investing, and why investors from across the country have been finding great personal success using this relatively simple and risk-free approach to investing in real estate. You will hear in the author's own words:

*Why real estate is the simplest and most practical form of investing for the beginning investor.
*Why single family houses make the most sense, with the least risk, for beginning to intermediate investors.
*How to properly structure your real estate transactions to virtually eliminate risk.
*How the correct approach to market research can virtually guarantee you a lucrative return on your investments.

In addition, the data component includes all of the forms, checklists, and agreements from the book in both PDF and Microsoft Word formats that you can modify and print any way you choose -- similar forms packages are selling for as much as several hundred dollars each!Four Microsoft Excel worksheets are also included, so that you can analyze your own prospective deals according to the guidelines taught in the groundbreaking book. Finally, there is a downloadable, bonus, 32-page Marketing Manual that walks you through the essential elements of attracting investors and tenants to your properties (especially valuable for real estate agents)!Requires Microsoft Word, Excel, and Adobe PDF readers (already on your computer, or free downloads available)

All-in-all, this CD represents an incredible value for anyone serious about wanting to learn more about the right way to get started in real estate investing!

... Read more

Customer Reviews (3)

The CD has very helpful documents
The radio interview reinforced some of the
points of the book.The documents on the CD
look very comprehensive and organized.
Looks like John thought of everything.
I am pleased!

Wealth Stream
What a terrific follow-up to the "Beginner's Guide to Building Wealth Buying Houses", and probably a necessary supplement for anyone interested in implementing the author's plan for creating wealth streams. The CD not only contains the author's detailed explanation of his system, it also contains a marketing manual as well as many forms and checklists that you will find invaluable, especially if this is your first run at real estate investment.

But whether you are a novice or a seasoned pro, you will find this book very helpful, if not essential.

DISCLOSURE: A Message From The Author
For the complete picture of how the WealthLoop System works, the Book is a Must Have addition to the CD:

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

Also worth looking into:

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. ... Read more

Product Description
This book covers the entire cycle of becoming a successful real estate investor--providing detailed information on the Why's and, more importantly, the How's.Written in an accessible format, this book provides valuable information for first time real estate investors. Readers will find information on: Becoming a property investor, winning residential investment strategies; assembling your team; from offer to closing; how to work on fixer uppers; owning properties as a long term investment; flipping your property and all the business details necessary to invest. ... Read more

Customer Reviews (2)

Repeat of introductory material
Like many others, I've read my share of real estate investing books. I had been hoping for a more advanced book, rather than yet-another-introduction to real estate investing, and had high hopes for this one, given the title and the description.

However, it is just another introductory book. If you are looking for an overview, then sure, read this one. If you are looking for new information, new ideas, new concepts, pass on this one.

I rated it 3 stars because even as an introductory book, it has its shortcomings. The most obvious one is that from page 245 - 338 (about the last 1/4 of the book) is a series of screen shots from the author's website, 20 pages of forms that the author has available online, other references, and the index.

Having only 245 pages available to the actual narrative in the book, you can guess that most topics are covered only briefly.


If you are looking for an introductory book on real estate investing, this is 3 stars.
If you are looking for a more advanced book, this rates 0 stars.

Great introduction to real estate investing
This book is an excellent introduction to real estate investing. It doesn't concentrate on only one type of strategy; instead it introduces you to many different strategies and methods such as pre-foreclosures, foreclosures, short sales, tax liens, and tax deeds. I thought that the chapter on financing alternatives was pretty good. The author explained self-directed real estate IRAs, 1031 property exchanges, and tenants-in-common arrangements. If you are new to real estate, you might not realize that you can own real estate in your IRA or that when you sell a property with a gain, you may be able to defer paying capital gains if you purchase another property through a 1031 exchange. You cannot use the 1031 exchange option when buying and selling stocks. Sophisticated real estate investors will not buy a property unless the numbers work. The author explains how they do it by introducing you to terms such as net operating income, capitalization rate, cash-on-cash return, and gross rent multiplier.

- 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 ... Read more

Product Description
What, where, and how to buy!

The Complete Idiot’s Guide to Real Estate Investing Basics presents the practical advice and knowledge readers need to get started in the residential real estate market. Based on the knowledge of an established expert, this guide teaches readers how to find properties that have the greatest investment potential, make offers and negotiate deals, locate great tenants, and re-sell properties for maximum profit.

• According to the U.S. Census Bureau, there were an estimated 123.3 million housing units in the U.S. in the first quarter 2005
• Residential real estate is always on the move
• Baby boomers are growing older, and many look at real estate investing as a safe way to assure their current standard of living ... Read more

Customer Reviews (1)

The complete idiots guide to real estate basics
This book would be a good book to read as your first real estate book for anyone starting out in real estate investment. The book is very informative, and provides a nice overview of all aspects of real estate.It would help the beginning investor become familiarized with what certain real estate terms mean.The book is very clear and easy to understand.A good book to have as a reference guide. ... Read more