I have learned so much from Brandon's wise insight into buying, managing, and selling rental properties. I have read a ton of real estate business books over the last several years, and this one is definitely in my top 3. ', think 'How can I clean this mess?'). The author states the obvious over and over as if he's speaking to an 8 year old. If you’re considering using real estate investing to build wealth or obtain financial freedom, this book is a must-read. It is the equity gained as the property value increases.2 Cash flowBefore You Analyze a Rental Property you need to know:1 Cash Flow1 Calculating Income.2 Calculating Expenses, which include: Mortgage, taxes, insurance, flood insurance (if needed), water, sewer, garbage, gas, electricity, HOA (home owner’s association) fees (if applicable), snow removal, lawn care.The following four expenses are difficult to calculate and thus “we need to look at those numbers as percentages and translate those percentages into dollar amounts.”Vacancy: Know the typical vacancy rate. turner brad. It also outlines the biggest mistakes rental property investors … Reviewed in the United States on July 7, 2017, Great book. Some wish it would happen. It doesn't make rental property investing seem easy or a "get-rich quick" scheme. Let people know of your intentions. Reviewed in the United States on May 21, 2017. We’d love your help. Brandon lays the fundamentals down and guides the reader through practically every variable a "wannabe" real estate investor may face. Older homes need more fixing and the utilities bills are higher.3 Garage. An all-in-one one might say. Others make it happen." Properties with garages tend to be rented far longer than those that do not.4 Utilities. Choose properties with small yards. Yes, the principles are the same, but I feel Turner has better cautionary notes and advice. I wish I would have started with this book, it answered so many questions about the nuts and bolts of real estate investing. The Book on rental property investing review is incomplete without a mention of the way it can wrap up. I rate this book a 5 star simply because it fulfills its promise in the title. by BiggerPockets Publishing, LLC. This book is made to buy and put it on your shelf and use it periodically as a guide in rental property investing. A a really good book that helped me realize I don’t want to own a rental property right now. No loan paydown. This was a very clear covering of the whole process of rental property investing, without going too far into the logistics and paperwork. I got suckered into their seminar where I did not learn anything I didn't know from the book. The book had a Biggerpockets few good formulas, rules of thumb, and pointers (only reason its not 2 stars) but overall Biggerpockets it was such a tiresome read. That being said I like Brandon Turner and enjoy his style of writing and talking. General Real Estate Investing The Book on Rental Property Investing Jan 18 2016, 13:36; Questions About BiggerPockets and Official Site Announcements The book on rental property investing. Disabling it will result in some disabled or missing features. Solid book. Reviewed in the United States on October 6, 2019. The cover of this book says … The Book on Rental Property Investing: How to Create Wealth With Intelligent Buy and Hold Real Estate Investing (BiggerPockets Rental Kit (2)). More cash flow. It isn't some "I will reveal the secret on the NEXT page" book (i.e. Lenders want to approve good deals only.What does the bank want to approve a loan?1 Property type2 Property location3 Property condition4 Loan amount5 Debt-to-income ratio (DTI). It addresses the downsides and issues you will probably run into as a real estate investor right off the bat. Build a relationship with a great agent. First time reading a book on this topic. CapEx is almost the same for cheap and expensive properties. I think the book is specific to US or countries with a similar state of financial and real estate markets, and also fiscal policy. A detailed, step-by-step manual focuses on investing in rental properties and becoming a landlord. The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Intelligent Buy & Hold Real Estate Investing. Pick the right plan. Reviewed in the United States on April 12, 2018. So when you plan to use all cash on your investment, pay attention to the following tips:1 Pretend you are not2 Use entities wisely: At least hide the fact that you own 100% of the property3 Consider financing later2 Conventional loans3 Portfolio lenders4 Private lendersOther creative methods are:1 Home equity: “[Your] equity can be borrowed against at very low interest rates through a home equity loan or home equity line of credit.”2 Partnerships3 Seller financing4 House hacking: “[It] refers to the unique strategy of combining your primary residence with an investment.” This can be done by either:1 A live-in flip: Buy a single-family house with the intention of fixing it up and reselling it within a couple of years.2 A small multifamily property: Buy a small multifamily property (two to four units), live in one unit, and rent the other units out.5 BRRRR investing (aka fix and rent or fix and hold strategy): “It combines the equity growth and quick financing of house flipping with the long-term stability and wealth creation of rental properties… The property is treated like a flip, using short-term financing such as private money, hard money, a home equity loan, or cash to acquire and rehab. Properties and neighborhoods are classified into A, B, C, and D because of their location, which is affected by: Crime, drugs, schools, jobs vs unemployment, population growth, housing starts and building permits, transportation, proximity to local businesses, price-to-rent ratio, vacancy rates, and property tax and insurance rates. Not sure I would read the whole thing again, but will definitely use it as a reference if needed. You need three numbers:1 Loan amount2 Loan period (length)3 Interest rateStep Four: Determine Total IncomeStep Five: Determine Total ExpensesStep Six: Evaluate the DealNow we have all the numbers we need. “Direct mail is the act of sending out a large number of targeted letters or postcards to people who might be interested in selling their property … The best list you can buy and mail to is the ‘absentee’ list. Reviewed in the United States on August 17, 2017. An interesting introduction to rental properties. Make sure to clean up your mess while its still small, trust me this will make things a lot easier (don't think 'I can't clean this mess! I've read Rich Dad, Poor Dad. In The Book on Rental Property Investing, real estate investor and co-host of the BiggerPockets Podcast Brandon Turner has one goal in mind: to give you every strategy, tool, tip, and … His podcasts are great and he gives the impression of a great person. Next, spread the peanut butter on one slice and the jelly (some call it jam, but I prefer jelly!) So think "How secure you are" instead of "What is the percentage of leverage."Reserves? The book is not for one time use. Not an extremely exciting book, but definitely educates readers who are planning or have invested in real estate. Ask some real estate agents who their preferred lender is.2 Make your loan application pencil out for the underwriter. This will cost you a lot.2 The hidden third bedroom. I have read books by other authors where they only tell you about the strategy that they used and they make it sound like anyone who uses a different strategy in a moron. Good book for the beginner. Will you deal include one? The Millionaire Real Estate Investor. When compared with getting a loan: Safe. Download PDF. They will help you with the listed properties, not the “for sale by owner” properties. I GET MY BOOK BACK. Just learn the strategies!9 You can buy below market value10 Insider trader is legal11 Not having to be present to make money12 Unlike house flipping, which takes advantage of only forced appreciation, with rental properties you can capitalize on all four of real estate’s major profit sources (the four wealth generator), which are:1 Appreciation: which could be natural or forced. Some wish it would happen. If you’re considering using real estate investing to build wealth or obtain financial freedom, this book is a must-read. Your mentor should be your friend, not a paid coach.3 Real Estate Agent. A lot of times in real estate investing, there is not one perfect way to do things, but you just have to find the strategy that resonates and works best with your own personality and goals. I would consider getting paperback for future reference. Gary Keller provides both first-time and seasoned … I would recommend it without a second thought. Author also recommends giving people bad deals and over-charging on rent so you can "live for free" - highly unethical in my opinion. See all 5 questions about The Book on Rental Property Investing…. Use the following simple formula: Annual Cash Flow / Interest Rate = Cash Invested. I am more than excited to start my real estate journey armed with the knowledge in this book. Is this book specific to a country, or is the advice general enough to apply anywhere? Announcing the Winners of the 2020 Goodreads Choice Awards. In The Book on Rental Property Investing, real estate investor and co-host of the BiggerPockets Podcast Brandon Turner has one goal in mind: to give you every strategy, tool, tip, and technique needed to become a millionaire rental property … “[It] is a loosely defined investment strategy in which the investor buys, rehabs, and has a property managed through a third party, usually from a long distance away.”. Finally, put the two pieces together. Dec 15 2015, 16:52; Real Estate Guru, Book & Course Reviews and Discussions The book on rental property investing … Goodreads helps you keep track of books you want to read. He is the co-host of the “Bigger Pockets” podcast, which is the… For an experienced investor, Turner's explanations of the minutiae of the business are clear and direct. Get hundred collections of book link todownload and get always updated book every day. Study and learn. Your recently viewed items and featured recommendations, Select the department you want to search in, Great For New Investors Willing to REALLY Learn, Reviewed in the United States on April 12, 2018. LIke this is one of the best real estate books I've listened to. … CHAPTER 1 WHY I LOVE RENTAL PROPERTIESWhy Rental Properties?1 Ability to purchase with leverage2 Ability to hustle for greater returns3 Ability to manage investment directly4 People always need a place to live5 It has worked for millions of people before6 Fairly stable and predictable7 Incredible variety8 Simple and straightfo, CHAPTER 1 WHY I LOVE RENTAL PROPERTIESWhy Rental Properties?1 Ability to purchase with leverage2 Ability to hustle for greater returns3 Ability to manage investment directly4 People always need a place to live5 It has worked for millions of people before6 Fairly stable and predictable7 Incredible variety8 Simple and straightforward. General Real Estate Investing The Book on Rental Property Investing Jan 18 2016, 13:36; Questions About BiggerPockets and Official Site Announcements The book on rental property investing. The book is amazing and the author covers exactly what the title implies. ... 2 Manuscripts: How to Invest in Real Estate, Rental Property Investing," by Eddy … It is a HOW TO book. on the other slice. Certainly some good information in there, however all the other stuff made it a tiresome read. Get exclusive, free bonus content and free shipping with every purchase, including bestselling books like The Book on Rental Property Investing. *Audiobook review* I loved that this book was basic but in depth, perfect for beginners! First, go to the store and buy the ingredients. Most real estate agents are terrible and will not help you. This is practical and I'll be keeping it on my reference shelf for future reference. Brandon overviews the entire process of buying and managing rental properties. It doesn't make rental property investing seem easy or a "get-rich quick" scheme. Start by marking “The Book on Rental Property Investing: How to Create Wealth With Intelligent Buy and Hold Real Estate Investing” as Want to Read: Error rating book. CHAPTER 10 WHICH PROPERTIES MAKE THE BEST RENTALS?What to look for when you are searching for a rental property:1 Bedrooms. Really helpful and comprehensive introduction to the subject (as best as I can tell)... sometimes a little too much detail of specific numbers and examples but perhaps that would be helpful to look back at. The author's tone and writing style are insufferable. By … 232 reviews. After viewing product detail pages, look here to find an easy way to navigate back to pages you are interested in. Third bedroom afraid of cutting themselves, but there may be taking will help you. this company strategy tool! 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