March 9th, 2010 | 
Author:
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.
User Ratings and Reviews
5 Stars Brilliantly detailed
This is a detailed and brilliantly written piece of work that is going to help me move up to the next level and make millions! Thanks!
5 Stars A great addition to the Rich Dad series
If you have read other books from the Rich Dad series then this is a must read. This book focuses on more specific issues with investing in real estate and focuses on multifamily investments. It covers looking for the deal, going through the process of negotiating the deal, and most importantly, doing due diligence! For someone wanting to get started in real estate rentals then this book has a lot of useful information.
4 Stars Pretty Decent Intro To Apartment Complex Investing
I came across this book at Barnes & Nobles and since it was under the Rich Dad banner I gave it a shot. I liked the section of dispelling the myths of investing in multifamily units, i.e. “you gotta start small”, and “you need the Midas Touch”.
The author discusses several projects that he has worked on and breaks down the process into several key steps.
Truthfully, it’s not a “be all, end all” book for apartment investing, but I liked the fact that he explained his methodlogy in a simple, easy to digest fashion.
I invest heavily in single family residences and tri/quad-plexes, since the rental market is hot(smokin’ like Texas BBQ) and sellers are deeding me houses at a rate of 5 per week. Apartment buying in this market AND for the forseeable future is going to be the next big thing.
You need to seriously educate yourself about this subject.
4 Stars 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 of areas 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
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5 Stars 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
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