Find helpful customer reviews and review ratings for The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors (Paperback)) at Amazon.com. The best book for what I was looking for is HOLD. 5 Favorites . 2. The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss - Ebook written by Ken McElroy. Now it's time to apply the knowledge. The ABCs of Real Estate Investing teaches how to achieve wealth and cash flow through real estate, find property with real potential, unlock the myths that are holding you back, negotiate the deal based on the numbers, and much more. The ABCs of Real Estate Investing Ken McElroy Review by Sharon Secor. Overall this book is a really good guide on getting started with real estate. April 2005 If your plan is to dive deeper into real estate, you should pick up The ABCs of Real Estate Investing before you take the plunge. CHAPTER 7 IS IT REALLY A DIAMOND?In good deals the numbers work. This page works best with JavaScript. I probably don't need an accountant and a tax consultant for buying a duplex. ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss by Ken McElroy. Even if you've already taken the plunge and possibly bought a property or two, this book can really improve your skills and possibly help you turn a money pit into a cash cow. Just a moment while we sign you in to your Goodreads account. This is a must read for anyone hoping to begin investing in real estate in any way. Look at every real estate website and gather information about the economy and employment in the area.Level Two Research. We all have to go through this stage. The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors (Paperback)) eBook: McElroy, Ken: Amazon.com.au: Kindle Store September 1st 2004 You can find the book here. Thanks for reading. DaveVoyles / July 26, 2016. Great Real Estate Knowledge from this book! The “ABCs” in the title suggests that it’s meant for beginners, and will go on in everything a beginner must know, but the truth is, I feel that many important aspects of real-estate investing … The ABCs of Real Estate Investing is designed to inform any student of finance as well as anyone else dealing with investments. The ABCs of Real Estate Investing by Ken McElroy – To start a business you have to know some of the initial steps that need to be prepared so that the business runs as you wish. I thought this was a great book for those in the beginning stages of real estate investing. Everything from how to find good deals to how to analyze them and. What the book is about is property management and using teams to acquire million dollar apartment, condo or townhome complex’s using teams and investors. Your team members are:1 Attorney2 Accountant3 Real estate broker4 Property manager5 Lender or mortgage broker6 Investors7 Contractor/Rehab specialist8 Appraiser9 Architect10 Insurance agent11 Property tax consultant12 Income tax consultant13 Estate planner14 Environmental company/industrial hygienist15 Surveyor16 Structural engineer. It takes courage to do what this book advises and it really doesn't give you enough instruction to build up that confidence. I will be referencing back to this book as my rental investments grow. Disabling it will result in some disabled or missing features. And it had my favorite thing - formulas to analyze just how good (or bad) an investment is, from a cashflowing perspective. The title is a bit misleading as it should specify that it is entirely devoted to large-scale multi-family unit investing. Not a bad book, but I assumed this would be helpful for someone looking to invest in single family rentals. Kindle Edition. There are three drivers of supply and demand:1 Employment. With media appearances on television and radio, Ken also host Entrepreneur Magazine’s Real Estate Radio program, where he helps listeners navigate the financial and legal arenas of real estate. “This is where you communicate all the specifics of the sale, in other words you list exactly what each party is going to do to complete the deal.” Do not forget the statement: “All units must be rent-ready at close of escrow.”, CHAPTER 9 DUE DILIGENCE: THE EASTER EGG HUNTDuring the due diligence phase:You need to conscientiously review every document pertaining to property operations.You need to perform thorough walk-throughs of every apartment unit.You need to pay careful attention to every detail.You need to be thoughtful about how you can improve the property and cut expenses.You need to be attentive to the tasks and deliver them on time.You need to be meticulous in your evaluation and reporting.It is the time when you make detailed assessments of actual costs for property improvements, ongoing maintenance, and operations.The Due Diligence Checklist1 The File Audit2 The Interior Inspection3 Government Agency Reviews4 Service Agreement Review5 Exterior InspectionYou also need to check the books and records, obtaining information for your operating budget by categorizing the income and expenses. He presents his investing strategy as the only right strategy. Review the following:1 Twenty-four months of income and expense statements2 All service agreements3 Current rent roll4 Utility bills5 Payroll information, CHAPTER 10 MAKING SENSE OF IT ALLYou need a property management plan and an operating budget. Step 1: Research and find your ideal home. CHAPTER 8 THE BIG COMMITMENTYou can make a decision when you know 70 percent of everything there is to know about a property. The book is simple to read and carries some importa. In this book summary of The ABCs of Real Estate Investing by Ken McElroy, you’ll find my notes, valuable lessons, and important action steps.. by Business Plus, Rich Dad's Advisors®: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors). Myths of real estate investing: you have to be wealthy, big deals are too risky so start small, flipping places or using no money down will get you rich, some people are just always lucky, you need to know everything, you don’t have time, you need connections to start, and you need to be a skilled negotiator. I learned a lot from this book, so much that I am ready to delve into the real estate market. Will definitely read Ken's other books! You can still see all customer reviews for the product. Always look at the neighborhood.4 Listen more than you talk. Top subscription boxes – right to your door. The book is simple to read and carries some important informations for beginners. Overall this book is a really good guide on getting started with real est. The book displays a bit of a split personality, Reviewed in the United States on July 21, 2020. I was led to believe this book could help me Understand the ABC’s of home real estate investing. McElroy has an arrogant writing style and self-centered content, which makes this book hard to read. CHAPTER 3 IT TAKES A TEAMThe following qualities are required in partnership:1 Healthy debate: You should have room for debate before decisions are made2 Open-mindedness: You should not have to spend valuable time continually convincing your partner of your goals3 Commitment: You should be committed to each other and your goals4 Similar values: You and your partner should share the same values5 Accountability: You and your partner should push each other to achieve objectives and have mutual accountabilityYou do not need all of your team members at all times. Source: (William Bout / Unsplash) 3. Also, I have learned how to calculate the income of the property, the offer price to buy a property and many other calculations. “The management plan will define the key strategies you will use to either cut expenses, increase income, or both. There’s just an odd disconnect when you market a book purportedly for the beginning real estate investor, you fill it with pretty elementary accounting exercises, then feature scenarios that would be well out of the reach of the likely reader. Publication date 2004 Topics Real estate investment Publisher ... plus-circle Add Review. Employment and town persona are population draws. This book changed my life! Read this book using Google Play Books app on your PC, android, iOS devices. Read The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad Advisors) book reviews & author details and more at Amazon.in. This is not clear when you read the back of the book. Buy The ABCs of Real Estate Investing online of India’s Largest Online Book Store, Only Genuine Products. You can do it inside your house. This book makes investing seem possible for the average Jane or Jo. It will walk you though the entire process of considering, evaluating, writing offer, and managing. One of the best. I recommend this book to anyone interested in real estat. The book is also of great value to working professionals. High occupancy means great demand and vice versa.2 Prevalence of move-in incentives and specials. “There will come a day when the properties my partner and I own will be sold. If you are interested in buying properties as investments but have no experience and are not even sure where to begin, The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss by Ken McElroy may be a great place to start. This book teaches people who are new to real estate investing a ton, but what it doesn't let you know early on is that this book primarily focuses on commercial multifamily homes. Ask for recommendations in these meetings.Level Three Research. Welcome back. For investors who want to learn the basics of Real Estate investing, THIS BOOK IS FOR YOU. The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors (Paperback)) [McElroy, Ken] on Amazon.com. Fairly decent guide to multi-family commercial properties. Great book if you are interested in learning more about the subject. While I think the book’s content is well laid out, the assumptions made about who is reading it are disjointed which is where I get the “split personality” description. Check all new rental property that is in various stages of development, from planning to permitting to construction.Ideally, supply should be lower than demand. I currently am interning at a real estate investment company and many of the themes presented in the book are exactly how my bosses view the investment world. Cheers. 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