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 enlarge | Author: Ken Mcelroy
Publisher: Business Plus
Category: Book
List Price: $16.95
Buy New: $5.94
You Save: $11.01 (65%)
New (48) Used (47) Collectible (2) from $5.94
Rating:  62 reviews
Sales Rank: 3434
Media: Paperback
Number Of Items: 1
Pages: 224
Shipping Weight (lbs): 0.6
Dimensions (in): 8.9 x 6 x 0.7
ISBN: 0446691844
Dewey Decimal Number: 332.6324
EAN: 9780446691840
ASIN: 0446691844
Publication Date: September 1, 2004
Availability: Usually ships in 1-2 business days
Shipping: Expedited shipping available
Shipping: International shipping available
Condition: New - Has remainder mark. Fast shipping from trusted wholesaler with many exclusive publisher contracts.
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| Customer Reviews:
 More Realistic View of Building Real Estate Wealth January 7, 2008
1 out of 1 found this review helpful
This book has a lot of good examples of maximizing net income. This is a more realistic view of building real estate wealth and diminishes the claims of the get rich quick programs. Emphasizes the importance of research as well as how to spot potential 'surprises.'
How to Analyze an Investment!! January 5, 2008
0 out of 1 found this review helpful
The book will guide you on the qualification of a good investement to cashflow based on the Net Operating Income, and also how to use the Letter of Intent to purchase.
 A Worthwhile Read for Any Multi-Family Real Estate Investor September 29, 2007
6 out of 7 found this review helpful
I purchased and read this book after hearing an interview that talked about Ken's next book in the series--the more advanced version of this book. I've been a real-estate investor for some years and along with my two partners we own 1800 units in three western states. I've never before read an investment book that I didn't have some major disagreements with before reading this one. Actually, the only thing surprising to me was that Ken doesn't provide emergency lock-out service for his residents. We do, but many things in this business are counter-intuitive. I'd like to know his reasons. It's too bad he doesn't have a blog--and even though I'm not reviewing his personal website, he needs an update including downloads of the forms he promises to have available there in the book (they're still coming soon according to the web-site, but it's 3 years since the book came out).
There seems to be a lot of confusion among the reviewers as to who this book should appeal to. I think to all: from beginner to seasoned investor. Some who feel it doesn't address them in the reviews haven't paid attention. Buying single family homes and renting them is speculation. Small mom and pop rentals are also not investing any more than is flipping homes. I've watched these speculators come and go over the years--good luck to them they'll need it. Meanwhile if you're an ambitious 20 something who wants to go into real-estate who doesn't have the money, go to work for someone like me, or if you like more structure, for a large property management company and learn the business and you'll find lots of money available to you. If you're older, like I was, find some partners, take the risk and plan to work.
A saying I've always remembered is: Wise men learn from others' mistakes, fools from their own, and the rest just don't learn. I've always aspired to be at least a fool, but I wouldn't hesitate to learn from the mistakes of others. I recommend the book.
Need more concrete answers August 2, 2007
1 out of 1 found this review helpful
Book is a good read, but I felt I needed more concrete answers to my questions. Maybe more strategies or specific steps to take in different scenarios.
I have found another book that answered my questions and had more strategies to share. Bubble Proof: Real Estate Strategies that Work in any Market by Tonja Demoff. Great read!
We'll talk about that later! June 27, 2007
1 out of 3 found this review helpful
Author spends a lot of time telling you he will discuss it in a later chapter. Overall a decent book with relevent information.
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