- Paperback: 256 pages
- Publisher: McGraw-Hill Professional (1 May 2002)
- Language English
- ISBN-10: 0071396497
- ISBN-13: 978-0071396493
- Product Dimensions: 22.6 x 15.2 x 1.3 cm
- Amazon Bestsellers Rank: 1,619,859 in Books (See Top 100 in Books)
How to Get Started in Real Estate Investing
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More About the Author
Product Description
Product Description
Trust Robert Irwin to open the door to real estate investing. Have you always wanted to get into real estate investing but didn't have a clue where to start? You don't need an uncle in the business, just Robert Irwin. Best-selling real estate author, Robert Irwin takes you by the hand and leads you every step of the way from financing your first single family home investment to owning apartment buildings and commercial property. Through no-nonsense and easy to understand advice, he'll show you how to: get started with little or no cash investment through creative financing and market savvy; learn the nine tips for identifying the perfect investment property (and where to find it) so you pass on the 'Alligator' and end up with a 'Cash Cow'; avoid paying closing costs and use the equity in your current investment properties to buy more; and master the when, what, and how of flipping a property (Selling a property for a profit without even owning it!).Educate yourself about the capital gains tax laws to minimize their impact on your profit. Trusted and respected real estate adviser (and investor) Robert Irwin shares his personal experience as well as solid advice and detailed, step-by-step instructions. Whether you're a novice or you already own property, Irwin can put you on the road to long-term wealth and financial security.
From the Back Cover
Trust Robert Irwin to open the door to real estate investing
Have you always wanted to get into real estate investing but didn't have a clue where to start? You don't need an uncle in the business, just Robert Irwin. Best-selling real estate author, Robert Irwin takes you by the hand and leads you every step of the way from financing your first single family home investment to owning apartment buildings and commercial property. Through no-nonsense and easy to understand advice, he'll show you how to:
- Get started with little or no cash investment through creative financing and market savvy.
- Learn the nine tips for identifying the perfect investment property (and where to find it) so you pass on the "Alligator" and end up with a "Cash Cow."
- Avoid paying closing costs and use the equity in your current investment properties to buy more.
- Master the when, what, and how of flipping a property. (Selling a property for a profit without even owning it!)
- Educate yourself about the capital gains tax laws to minimize their impact on your profit.
Trusted and respected real estate advisor (and investor) Robert Irwin shares his personal experience as well as solid advice and detailed, step-by-step instructions. Whether you're a novice or you already own property, Irwin can put you on the road to long-term wealth and financial security.
Inside This Book
(Learn More)
First Sentence
One of the most commonly asked questions in real estate is, "How do I get started?" Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
One of the most commonly asked questions in real estate is, "How do I get started?" Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
4.1 out of 5 stars (13 customer reviews)
39 of 42 people found the following review helpful:
4.0 out of 5 stars
Informative intro to various real estate investments, 16 Sep 2002
By Andrew Everett - Published on Amazon.com
This review is from: How to Get Started in Real Estate Investing (Paperback)
The author seems to have a lot of experience and gives a good overview of various ways to invest in real estate.
Key points are summarized in blocks of "tips" (with a
thumbs-up icon) and "traps" (with a thumbs-down icon.)
He warns novice investors about potential pitfalls. For
example, in a foreclosure "you might...think you're bidding
on a first mortgage only to find out that it's a second or
third." In another example, an investor bought an apartment
building, and had to refund security deposits that were paid
to the previous owner because he failed to address the
deposits in his purchase offer.
The book is an easy read, although there are some annoying,
obvious errors. Such as p.141 (2x$1000=$1000???) and p.153
where it states that "contractors can... handle
construction for far less than an investor... Thus a
contractor's margins are lower." Clearly he means the
contractor's margins are higher. I wonder if anyone at
McGraw-Hill actually read this book before it went to press.
The author frequently plugs his other books for more
details on specific aspects. Personally, I found that
to be cheesey, as if I just paid for a book that's really
a marketing tease.
Anyway, I bought this book looking for a primer on the
topic. Overall, I think it served that purpose well.
24 of 27 people found the following review helpful:
3.0 out of 5 stars
VERY basic primer, 11 Sep 2002
By Jmamelia "jmamelia" - Published on Amazon.com
This review is from: How to Get Started in Real Estate Investing (Paperback)
This book is for those who don't have a CLUE about real estate. If you've NEVER owned, it will probably be very helpful. Hence, the title. If you have owned even one rental, this book will probably be too basic. (I've listed my copy for sale on half.com.) Although the book is easy reading, I did not find any new or helpful information for investing in markets such as the one I live in (San Diego, CA) where single- and multi-family homes sell in a day or 2 and routinely sell for more than list price AND are over inflated value-wise. I bought this book as the result of a positive review in the local paper, hence my disappointment. Irwin has to obviously equalize the content in order to appeal to a wide audience across very diverse real estate markets.
Finding foreclosures and distressed sellers can be a full time job in and of itself. The book seems to trivialize the effort required to really make this type of investment pay.
BIG disadvantage of using the Internet that is NOT mentioned is that there are a LOT of sites out there to weed through. A list of better/recommended sites would be helpful to the reader. I believe there were 3 in total listed. Additionally, MANY , if not MOST of the FSBO web sites I visited have/had stale listings and this caveat re: the Internet is not noted.
It seems to me that the ability to finance a home and obtain a mortgage is also trivialized. Again, depending on the market, even a 10% down payment can represent a significant chunk of change. And if your credit is marginal, I believe a borrower would be hard pressed to get a mortgage with little or nothing down - mention isn't made of the caveats to E-Z financing, such as good credit and income requirements.
15 of 16 people found the following review helpful:
5.0 out of 5 stars
Read the Title, 3 Jun 2004
By tb - Published on Amazon.com
This review is from: How to Get Started in Real Estate Investing (Paperback)
If you are complaining about the book being too basic, or it did not give you info on what to do if you already own a home, read the title. This is a beginner's book. I have read the book and it was a great investment for beginners. It takes you through the beginning processes of investment and what you need to be wary of. I would definitely recommend this book to anyone thinking about real estate investing. I would not recommend it to someone who is knowledgeable about investing. Overall the book is very basic, yet detailed. It is not about pumping you up, but instead gives you valuable info about.. (get this)HOW TO GET STARTED.
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