In precise and entertaining chapters – each culminating with very specific ‘action steps’ for readers to follow – author Ken McElroy offers real estate investing stories from the trenches and wisdom. Chapters include: It Takes a Team – Understanding it takes a team to be successful in real estate, determine whether you want a partner and evaluate partner candidates based on the qualities required for a good partnership Research Can Be Fun? – Become familiar with online resources such as newspapers, trade publications, government and trade organisation websites Swamp Land For Sale – Stay away from gut feelings. Select one market, preferably one close to home, that you may be interested in. You Own It…Now What? – set up your systems for maintenance, accounting and rent collection. Get involved in local supporting professional affiliations. Enforce the policies and procedures in the lease without exception and respond quickly to your residents with a smile!
User Ratings and Reviews
4 Stars Great for beginners
After all its the ‘ABC’, for beginners. Would take a couple more books to get to ‘XYZ’. Its great for those who are interested in the real estate investing and want to know what its about (this book only talks about rental apartments, not houses or condos). For people who are already in the business this book will only point out the obvious. It doesn’t cover all of the aspects of real estate investing. Well, no book does. It serves more as a guide, touches on the surface of 1) finding deals, 2) how to investigate a property, 3) how to come up with the price of the property, 4) a little bit on how to manage rental apartments. It doesn’t cover on other important topics such as 1) funding, bank loans, financing and morgaging your property 2) taxes and 3) market researching.
5 Stars Great Book!
WoW! Ken Malroy makes you think about a lot of different things. It was a great book! I wonder how things will change with the rules of real estate investing changing. Ken gives a ton of information. He might have to write a new book in 2009.
Rod Phillips
4 Stars Ok if you still have any money to invest in real estate
If you want a primer on real estate investing from the one million books on the subject, this is another one.
4 Stars Very good book written straight to the point.
If you have ready other books in the Rich Dad series, this one is different.
It is not written by Kiyosaki and you know that the second you start reading it.
It is to the point with no wasted words or time. It is no wonder that the author has done well in the Real Estate world. Ken McElroy will tell you just how he does his investing. If you are interested in buying rental real estate, buy it.
It will be money well spent.
5 Stars A Must Have for your real estate library
Obviously the Rich Dad series has been very successful, and this book is no exception. Still timely today, it’s a must read for anyone considering investing in real estate.
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