I finished it in one day. I learned a lot from this book, so much that I am ready to delve into the real estate market. Knowledge is not power until it is applied, and through application we get experience, and experience is what gives us confidence. 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. This book was an easy read, yet full of some excellent facts on working in real estate investing. 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. This book changed my life! Employment and town persona are population draws. The ABCs of Real Estate Investing Summary. McElroy has an arrogant writing style and self-centered content, which makes this book hard to read. Step 1: Research and find your ideal home. It talked about the importance of property management, why you should rely on cashflow and not appreciation to be successful in real estate, and how to get partners for a deal. The book is simple to read and carries some importa. With the ABCâs term used in the title it would suggest a reader that is less financially capitalized and less biz savvy and likely to be purchasing far smaller properties. Just a moment while we sign you in to your Goodreads account. This book so far showed me that there is no secret serum for an amazing real estate investor. Actually, it happens before it. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. Another thing that was emphasised was the importance of finding a good deal. Unlike when you are buying, when you sell “you want to demonstrate the highest future potential income for the property, not the highest actual income.”2 Running your expenses lean. I was a bit disappointed. Although it's called the ABCs I feel like it's not the best first book to read since it simply goes headfirst into large multi-family investments, which is not necessarily how everyone wants to start. So negotiating based on it is time wasting. 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. I probably don't need an accountant and a tax consultant for buying a duplex. Despite technical writing errors, this book dives deep into the topic of real estate investing with incredibly insightful tips and an easy to follow outline. It will walk you though the entire process of considering, evaluating, writing offer, and managing. This book is absolutely fantastic! Reviewed in the United States on May 25, 2016. This title enables readers to learn how the cash flow generated from property investment appreciates in value and ensures financial freedom, as well as the freedom to be your own boss. 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. In The ABCs of Real Estate Investing, real estate investor and property manager Ken McElroy shares to have success in the rental real estate business. With the advises in that book I have learned a lot about property management and the things a property manager is responsible of. I like to watch Ken and believe he is great at what he does. This is the authors experience and should be taken as such. To me, there is a gap between the final expenses/income evaluations and obtaining the financing to purchase. I was led to believe this book could help me Understand the ABCâs of home real estate investing. ABCs of Real Estate Investing : The Secrets of Finding Hidden Profits Most Investors Miss, Paperback by McElroy, Ken, ISBN 1937832031, ISBN-13 9781937832032, Like New Used, Free P&P in the UK Outlines how to achieve financial independence and successful self-employment through property investment, discussing such topics as screening potential partners, utilizing research tools, and setting … I have read countless books on real estate. This is a must read for anyone hoping to begin investing in real estate in any way. 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 book is simple to read and carries some important informations for beginners. I recommend this book to anyone interested in real estate investing. Concise and brief learning material found in the writer successful story in multifamily apartment properties investment. CHAPTER 6 FINDING YOUR DIAMOND IN THE ROUGHTo become an expert, you need to:1 Use your research about the property and the market.2 Read everything.3 Look around. The ABCs of Real Estate Investing Summary. This evaluation process does not require a physical inspection. Make yourself accountable to somebody. This book was a really good book to read to learn about real estate investing. Read "The ABCs of Real Estate Investing The Secrets of Finding Hidden Profits Most Investors Miss" by Ken McElroy available from Rakuten Kobo. Lowest price and Replacement Guarantee. Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books. Source: (William Bout / Unsplash) 3. Kindle Edition. This was a great book - easy to read and follow. Should you change the market? Overall this book is a really good guide on getting started with real estate. This book provides the reader with the secret methods of gaining profit through investments. Read honest and unbiased product reviews from our users. It really set the tone for the power of property investing. I was looking for a lot of answer but got less than half of them answered. 5 Favorites . You will learn how to achieve wealth and cash flow, find promising properties, negotiate deals by the numbers, evaluate purchase prices, increase your income and confront the myths of rental properties. Not power until it is applied, and experience is what gives us confidence own... 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