Unofficial Guide to Real Estate Investing
- Book Review,
by Spencer Strauss
Amazon.com
If you think the only path to riches is through the stock market, then think again. In The Unofficial Guide to Real Estate Investing, Martin Stone and Spencer Strauss show how to generate financial security one property at a time. The authors, both real estate brokers, illustrate basic concepts such as researching and valuing properties, obtaining financing, managing tenants and expenses, and dealing with taxes. They believe that the "biggest little secret" in real estate is the tremendous leverage that investors can enjoy. They write, "If you have $9,000 to invest, for example, you could buy $9,000 worth of stocks, bonds, coins, or art. With $9,000 to invest in real estate, however, you could purchase a four-unit FHA apartment building worth $300,000." The book includes hundreds of tips on everything from how to minimize vacancies and be a good landlord to making an offer and working with contractors. Well written and easy to read, The Unofficial Guide to Real Estate Investing is a solid introduction for anyone seriously considering real estate as full- or part-time source of income.
Book 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
Book Info
Pocket-size guide provides an appraisal of everything from the most basic concepts of real estate investing to complicated tax and financing formulations. Updated to take account of new tax law changes, and includes listings of current apartment owners' associations in all 50 states. Previous edition: c2000. Softcover.
From the Back Cover
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 investingInsider Secrets on tax shelter benefitsMoney-Saving Techniques for valuing property correctly and determining its most profitable useTime-Saving Tips on borrowing money and discovering which investments have the potential to turn into tomorrow’s hot propertiesThe Latest Trends in hot real estate investing optionsHandy Checklists and charts that help you put together a top-rate investment plan, generate cash flow, and pick the best real estate agent
About the Author
Martin J. Stone, managing broker of Buckingham Investments, has been an investment property broker for nearly 30 years. Spencer Strauss is a real estate investment agent at Buckingham Investments in El Segundo, California. His investment analysis has been featured in Time, USA Today, the Los Angeles Times, and other newspapers and periodicals.
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