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Investing in Real Estate |  | Author: Gary W. Eldred
Publisher: Wiley
Category: Book
List Price: $19.95
Buy New: $10.59
as of 9/8/2010 22:19 CDT details
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New (37) Used (13) from $10.59
Seller: indoobestsellers
Rating:  122 reviews
Sales Rank: 2817
Media: Paperback
Edition: 6
Pages: 336
Number Of Items: 1
Shipping Weight (lbs): 0.9
Dimensions (in): 8.9 x 5.9 x 1
ISBN: 0470499265
Dewey Decimal Number: 332.6324
EAN: 9780470499269
ASIN: 0470499265
Publication Date: October 12, 2009
Availability: Usually ships in 1-2 business days
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| • | ISBN13: 9780470499269 | | • | Condition: New | | • | Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed |
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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.
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| Customer Reviews:
Showing reviews 1-5 of 122
 information is dangerous July 12, 2010
Pamela
0 out of 5 found this review helpful
Because of books like this, plus Robert Allen, and Carlton Sheets, I'll be in bankruptcy court soon. But hey it was an adventure. I got a great book out of my ups and downs in real estate investing in Akron Ohio. HOUSES OF CARDS recently won and IPPY award. If you want to follow the advise in this book I think you should read mine first! It shows a more realistic view. I own 12 single family homes, have a half a million in debt and it took me eight years!
Pamela Frost
Houses of Cards
Classic March 28, 2010
C. Stephens (East)
0 out of 1 found this review helpful
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! November 23, 2009
Norman B. Tucker (Washington, DC)
2 out of 3 found this review helpful
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 January 9, 2009
J. MA (FL USA)
1 out of 2 found this review helpful
Very useful book. Cover most topics in the real estate market. Highly recommended.
 Some shine has warn off... September 12, 2008
Michael Davey (Victoria, British Columbia, Canada)
4 out of 7 found this review helpful
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.
Showing reviews 1-5 of 122
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