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After beating back a slump a decade ago, real estate has rebounded in a big way for the Millenium, offering a hot investment vehicle that even novices can ride to riches. The Unofficial Guide to Real Estate Investing clearly shows that the secret in getting rich lies not in get-rich-quick schemes but rather in investing in a commodity that has been around since the beginning of time -- terra firma, property. A small capital investment today can be leveraged into huge profits tomorrow.
Readers learn how to:
- Buy and manage every type of investment property, from houses to condos to large units to commercial property to land for development
- Value property correctly
- Live through the "due diligence" period
- Handle tenant problems without turning into an 'evil' landlord.
- Sales Rank: #64153 in Books
- Published on: 1999-01
- Original language: English
- Number of items: 1
- Dimensions: 8.22" h x 1.11" w x 5.42" l, .0 pounds
- Binding: Paperback
- 446 pages
Most helpful customer reviews
64 of 67 people found the following review helpful.
Excellent choice for novice real estate investors
By MG
This book is excellent, it covers most of the basics for first-time investors (and I expect that it is a great reference for the follow-on transactions). The section on valuation was particlarly useful. I also liked the idea of writing down an investment plan and checking your progress/udating it yearly. This will help keep you on track to achieve your goals.
I accidently left my copy on an airplane last weekend and am replacing it today. With information from this book, I hope to make an offer on my first investment property next week. However, one book is not enough. I suggest readers check out several other titles including "Real Estate Investing From A to Z" by W. H. Pivar and "Rental Houses for the Successful Small Investor" by S.P. Thomas.
49 of 52 people found the following review helpful.
Written by a committee - and it shows
By Dallas A. Babineaux
Although this book was very well organized and clearly written, it lacks depth and detail... almost as if many things were "left out" for one reason or another. I moved on to my next title
"Investing in Real Estate" 3rd edition, and I'm only on chapter 3 and have already gotten more out of it than I received from "The Unofficial Guide". If your looking for a great book on the subject, I would suggest you forego this title and go for the "Investing in Real Estate" 3rd edition instead.
39 of 42 people found the following review helpful.
Should be retitled "The OFFICIAL Guide"
By Bryan Moore
Stone & Strauss have laid out a very well organized and easy to read masterpiece on real estate investing. The book focuses on an important aspect that most others miss- PLANNING for success by strategizing a step-by-step long term process instead of focusing on the unrealistic yet prevalent "get rich quick" strategy that so many of the other books try to lure you in with.
The chapters are well organized with real world case studies and great anecdotal information that go into great technical depth without taxing your comprehension in the process. Among the 16 valuable chapters is one dedicated to assisting the reader in building a long term investment plan that is tailored specifically to their needs.
I gotta go now,...there are quite a few 4-plexes out there to conquer.
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