Real Estate Investing Book

Author: Gerald Romine

How To Choose The Real Estate Investing Book That Is Right For You!

As a new real estate investor you are overwhelmed with the number of real estate investing books available. You want to start investing buy how do you choose the real estate investing book that is really going to teach you about investing.

The sad truth is most real estate investing books do a good job of talking about why you should invest in real estate but fall miserably short in giving you the real tools and information you need to become a successful and knowledgeable real estate investor. In short most real estate investing books tell you what to do, but not how to do it.

So let's go over a few rules to help you find a real estate investing book.

* Real Estate Investing Book Rule 1

Who Is The Author? Every good real estate investing book is going to have a section where the author tells you about who they are and what they have done. If this section is not in the book it has been left out deliberately and it is likely the author has not been successful in their investing.

* Real Estate Investing Book Rule 2

Why Invest In Real Estate? The book should cover why real estate is a great vehicle for creating and building wealth. Tax laws, depreciation, and write offs may not be exciting but should be briefly explained so you realize the advantages that only real estate investing provides.

* Real Estate Investing Book Rule 3

Why Real Estate Works In Any Market. Many new real estate investors give up when they are faced with a little adversity. It's human nature. The book needs to prepare the investor for the challenges ahead show them that investing works in all markets.

* Real Estate Investing Book Rule 4

Determining The Type Of Market. Many books try to sell you on the one size fits all strategy and this is utter BS. There are three distinct markets, Buyer's, Seller's, and mixed. Each market has its advantages/disadvantages and your strategies will change depending on the market you are in.

* Real Estate Investing Book Rule 5

Real Estate Investing Strategies. The book must cover the different type of strategies available. You will choose the strategies that most interest you but you must understand strategies available. At a minimum the following subjects should be covered:

1. Wholesaling - AKA Flipping. Wholesaling properties is the basis of the entire real estate business, because if you do not learn how to buy properties right then none of the other investing strategies will make much of a difference on your profitability. 2. Buy and Hold - AKA Rentals. There is wealth building in having rentals but you want to do it the right way. Property management and fixing toilets should not be part of your personal involvement or you will learn to hate rentals and tenants. 3. Rehabbing. The art of buying, fixing and selling properties. 4. Buying ""Subject To."" Legal in most states this method deals with taking over existing financing without having to qualify. Note: Banks do not like this and have the right to call the entire loan due. Although this sounds scary when you understand the strategy it will be clear. 5. Lease Options & Options. Not my personal favorite but still a method that should be talked about.

* Real Estate Investing Book Rule 6

How To Find Deals. There is a big difference in telling you to find deals and showing you HOW to find deals.

* Real Estate Investing Book Rule 7

How To Determine Market Value. Sounds simple but very few people understand how to determine the market values of properties. Most Realtors miss the boat completely on this and haven't a clue why until it is explained to them and then they wholeheartedly agree.

* Real Estate Investing Book Rule 8

Estimating Repairs. If you are a real estate investor it is only a matter of time before knowing how to estimate property repairs is something you will have to do. The truth is you don't need any experience when you are shown the right method to use.

* Real Estate Investing Book Rule 9

Determining Your Purchase Price. How much can you pay for a property is not a number where you use the PFA (Plucked From Air) Strategy. Simple formulas can keep you safe and profitable.

* Real Estate Investing Book Rule 10

Understanding Foreclosures. No real estate investing book would be complete if it did not touch on buying properties where sellers are going into foreclosure. The subject alone is worthy of a separate book or course but as a new investor you should be given a crash course on the subject.

* Real Estate Investing Book Rule 11

Where To Get The Money. Most people purchase property with conventional financing through banks or mortgage brokers. While this is normal for homeowners real estate investors use a number of other sources that you need to know about so you can close a deal in days instead of weeks.

When looking for a real estate investing book make sure the book covers the 11 rules and you will be learn more about investing than most Realtors or investors have learned after being in the business for years. Great real estate investing books are hard to come by and you should start with ""Real Estate Magic 101 - How To Get Rich In Real Estate Even If You Are Dead Broke!"" This unique book should be read by every person considering a real estate career, whether it be as Realtor, investor, or developer. Especially impressive is the amount of detail and how to advice that can be found in the book.

For more info, please visit http://www.kickassrealestate.com

About the author: Gerald Romine is a nationally recognized real estate expert that has been featured across North America sharing the stage with political leaders, film stars, and business leaders. Since 1989, Gerald has been involved with real estate as a real estate agent, broker, rehabber, investor, and builder and has been involved with everything from houses to apartments. For more information about Gerald's products or services visit http://www.kickassrealestate.com