PDF Ebook The Insider's Guide to Making Money in Real Estate: Smart Steps to Building Your Wealth Through Property, by Dolf de Roos, Diane Kennedy
By saving The Insider's Guide To Making Money In Real Estate: Smart Steps To Building Your Wealth Through Property, By Dolf De Roos, Diane Kennedy in the gadget, the method you read will likewise be much easier. Open it and begin reading The Insider's Guide To Making Money In Real Estate: Smart Steps To Building Your Wealth Through Property, By Dolf De Roos, Diane Kennedy, simple. This is reason we suggest this The Insider's Guide To Making Money In Real Estate: Smart Steps To Building Your Wealth Through Property, By Dolf De Roos, Diane Kennedy in soft file. It will certainly not disrupt your time to get guide. Furthermore, the on the internet system will certainly additionally alleviate you to search The Insider's Guide To Making Money In Real Estate: Smart Steps To Building Your Wealth Through Property, By Dolf De Roos, Diane Kennedy it, also without going somewhere. If you have link web in your workplace, residence, or gadget, you can download The Insider's Guide To Making Money In Real Estate: Smart Steps To Building Your Wealth Through Property, By Dolf De Roos, Diane Kennedy it straight. You could not also wait to receive the book The Insider's Guide To Making Money In Real Estate: Smart Steps To Building Your Wealth Through Property, By Dolf De Roos, Diane Kennedy to send out by the vendor in other days.
The Insider's Guide to Making Money in Real Estate: Smart Steps to Building Your Wealth Through Property, by Dolf de Roos, Diane Kennedy
PDF Ebook The Insider's Guide to Making Money in Real Estate: Smart Steps to Building Your Wealth Through Property, by Dolf de Roos, Diane Kennedy
When you are hurried of job due date as well as have no idea to get inspiration, The Insider's Guide To Making Money In Real Estate: Smart Steps To Building Your Wealth Through Property, By Dolf De Roos, Diane Kennedy publication is among your remedies to take. Reserve The Insider's Guide To Making Money In Real Estate: Smart Steps To Building Your Wealth Through Property, By Dolf De Roos, Diane Kennedy will certainly give you the appropriate resource and thing to obtain inspirations. It is not just regarding the works for politic business, administration, economics, as well as other. Some purchased jobs making some fiction your jobs additionally require inspirations to overcome the job. As exactly what you require, this The Insider's Guide To Making Money In Real Estate: Smart Steps To Building Your Wealth Through Property, By Dolf De Roos, Diane Kennedy will probably be your option.
Why should be book The Insider's Guide To Making Money In Real Estate: Smart Steps To Building Your Wealth Through Property, By Dolf De Roos, Diane Kennedy Publication is among the easy sources to try to find. By obtaining the author and also theme to get, you could discover many titles that offer their data to get. As this The Insider's Guide To Making Money In Real Estate: Smart Steps To Building Your Wealth Through Property, By Dolf De Roos, Diane Kennedy, the impressive book The Insider's Guide To Making Money In Real Estate: Smart Steps To Building Your Wealth Through Property, By Dolf De Roos, Diane Kennedy will certainly give you what you have to cover the task target date. And also why should remain in this internet site? We will certainly ask initially, have you a lot more times to go with shopping the books as well as hunt for the referred book The Insider's Guide To Making Money In Real Estate: Smart Steps To Building Your Wealth Through Property, By Dolf De Roos, Diane Kennedy in publication store? Many people might not have enough time to find it.
For this reason, this internet site offers for you to cover your problem. We reveal you some referred publications The Insider's Guide To Making Money In Real Estate: Smart Steps To Building Your Wealth Through Property, By Dolf De Roos, Diane Kennedy in all types and themes. From usual writer to the well-known one, they are all covered to give in this web site. This The Insider's Guide To Making Money In Real Estate: Smart Steps To Building Your Wealth Through Property, By Dolf De Roos, Diane Kennedy is you're hunted for publication; you just should go to the web link page to show in this site and then opt for downloading. It will certainly not take often times to obtain one book The Insider's Guide To Making Money In Real Estate: Smart Steps To Building Your Wealth Through Property, By Dolf De Roos, Diane Kennedy It will certainly depend upon your net link. Merely acquisition as well as download the soft file of this publication The Insider's Guide To Making Money In Real Estate: Smart Steps To Building Your Wealth Through Property, By Dolf De Roos, Diane Kennedy
It is so simple, right? Why don't you try it? In this site, you could also discover various other titles of the The Insider's Guide To Making Money In Real Estate: Smart Steps To Building Your Wealth Through Property, By Dolf De Roos, Diane Kennedy book collections that could be able to assist you finding the very best solution of your job. Reading this book The Insider's Guide To Making Money In Real Estate: Smart Steps To Building Your Wealth Through Property, By Dolf De Roos, Diane Kennedy in soft data will certainly additionally ease you to get the resource conveniently. You might not bring for those publications to somewhere you go. Only with the device that constantly be with your almost everywhere, you could read this publication The Insider's Guide To Making Money In Real Estate: Smart Steps To Building Your Wealth Through Property, By Dolf De Roos, Diane Kennedy So, it will be so swiftly to finish reading this The Insider's Guide To Making Money In Real Estate: Smart Steps To Building Your Wealth Through Property, By Dolf De Roos, Diane Kennedy
Start building your fortune with the ultimate insider's guide to real estate investing
The Insider's Guide to Making Money in Real Estate explains why real estate is a consistently profitable moneymaker and how everyday people just like you can build their fortune regardless of their credit score or how much money they have in the bank. It's true--you don't have to be rich to invest in real estate. It's the easiest, most leveraged method for building sustainable wealth over time, and it's open to everyone.
In this practical, nuts-and-bolts guide, New York Times bestselling real estate authors Dolf de Roos and Diane Kennedy cover all the basics of investing and offer the kind of insider advice and little-known tips you won't find anywhere else. You'll get a wealth of bright ideas and smart investment moves, as well as examples, case studies, and true investing stories from successful investors just like you. Inside, you'll learn:
* The ins and outs of commercial versus residential property
* How to spot great bargains in neighborhoods with great potential
* How to finance your investments with less-than-perfect credit
* Quick tips for increasing the value of your property inexpensively
* How to find reliable tenants who'll pay top dollar
* Everything you need to know about property taxes and deductions
* How to use tax benefits to increase your profits
- Sales Rank: #559865 in Books
- Published on: 2005-04-01
- Released on: 2005-03-18
- Original language: English
- Number of items: 1
- Dimensions: 8.98" h x .73" w x 6.06" l, .67 pounds
- Binding: Paperback
- 256 pages
From the Back Cover
Start building your fortune with the ultimate insider's guide to real estate investing
The Insider's Guide to Making Money in Real Estate explains why real estate is a consistently profitable moneymaker and how everyday people just like you can build their fortune regardless of their credit score or how much money they have in the bank. It's true—you don't have to be rich to invest in real estate. It's the easiest, most leveraged method for building sustainable wealth over time, and it's open to everyone.
In this practical, nuts-and-bolts guide, New York Times bestselling real estate authors Dolf de Roos and Diane Kennedy cover all the basics of investing and offer the kind of insider advice and little-known tips you won't find anywhere else. You'll get a wealth of bright ideas and smart investment moves, as well as examples, case studies, and true investing stories from successful investors just like you. Inside, you'll learn:
- The ins and outs of commercial versus residential property
- How to spot great bargains in neighborhoods with great potential
- How to finance your investments with less-than-perfect credit
- Quick tips for increasing the value of your property inexpensively
- How to find reliable tenants who'll pay top dollar
- Everything you need to know about property taxes and deductions
- How to use tax benefits to increase your profits
About the Author
DOLF de ROOS, PhD, is a successful international real estate investor, and a New York Times and Wall Street Journal bestselling author. He sometimes shares his strategies and thinking at seminars across the nation and throughout Australia, New Zealand, Asia, and Europe. He is Chairman of the public real estate investment company Property Ventures Limited, and also the author of Real Estate Riches and coauthor (with Diane Kennedy) of The Insider's Guide to Real Estate Investing Loopholes, both from Wiley.
DIANE KENNEDY, CPA, is a top real estate author and investing expert. She is the founder and owner of DKA, a leading tax strategy and accounting firm. She is also the author of Loopholes of the Rich and The Insider's Guide to Real Estate Investing Loopholes, both from Wiley.
Most helpful customer reviews
47 of 55 people found the following review helpful.
Talks down to readers and uses unrealistic assumptions
By PositiveVibration
I purchased both this title and "The Insider's Guide to Real Estate Investing Loopholes" (same authors).
I have two primary complaints. The authors talk down to the reader, constantly making snarky comments that imply that if one doesn't act NOW, the reader is lazy, or paralyzed, or is somehow inept when it comes to business. That's not just annoying -- it's weird, and it made me suspicious of the authors' motives.
That brings me to my second complaint. The book lacks balance. I'm not saying that all of the strategies can't work -- just that it requires an ideal set of market conditions for them to work. We need to see low or declining interest rates, quickly rising tenant incomes, improving neighborhoods, distressed or at least disinterested sellers, few other investors, low insurance costs, and a plethora of service providers (such as roofers) who do great work at a low price very quickly. I can tell you that we don't have any of those factors at work now.
What we do have, at least in areas like mine, where appreciation has outpaced incomes, is a market turned on its head. Sellers will not sell because they are sitting on huge profits for the most part, and don't have to sell. Or, they believe that prices will appreciate at the same ridiculous rate that they did from 2001-2005. Numerous Dolf-inspired investors have flooded the market and bid prices up beyond all reason. Workers are in debt and don't have much money for rent. Neighborhoods where deals are affordable aren't improving, so the idea of refinancing because you painted and put up a new mailbox won't help you. Easy mortgage money has gotten anyone with a pulse into homes. Interest rates are rising, not falling. Insurance is costly and the coverage stinks. And most importantly, rents do not provide positive cash flow for most small real estate investors. I know several who actually consider themselves to be successful and the news is not good. They are carrying their properties, their properties are not carrying them! I know, it's hard to believe that this is success. But in the past few years, appreciation has bailed them out. Put that kind of leverage into effect and you are leveraging a negative, which only means you go broke faster.
A few observations: First, if making untold riches were this simple and this obvious, then so many people would attempt to do so that it would suck the potential profit from such deals down until the actual profit is more equivalent to the amount of work involved. (More about this in a moment -- because I believe that this is actually occuring in part due to all of the real estate evangelism going on.)
As they say on Wall Street: "When enough people find the key to the market, someone changes the lock!" I believe that most people reading this review are smart enough to know that markets are dynamic. Outrageous profits bring in a flood of new entrants, dramatically reducing the profit potential. If a whole bunch of new wannabe real estate tycoons start lining up to bid on properties, then the prices for those properties will rise, as will the price for the money (the financing charges in the form of interest rates). Even without a lot of new entrants, if enough people start using the same financial techniques of leverage, cost-benefit analysis, or tax strategies, then the advantages to be gained will be reduced commensurately. Common sense and basic real-world economics dictate that costs will rise and potential profits will fall. And so it is in the real estate world.
Economies of scale and technological advancements have changed many industries and wiped out others. The ability for a small business person to get a competitive bid on anything is severely limited, whether you are talking about insurance, waste collection, land, communication services, landscaping, or anything else. Big players have the advantage in negotiations and will consistently be able to lower their costs below that a single investor. They can offer their tenants more amenities and constantly remodel and update their units at a far lower cost than you or me. I can't start a profitable shipbuilding company or TV network, nor can I jump into owning large buidings over which I can spread my costs enough to justify what is increasingly becoming break-even or negative cash flow from tenants.
I am not saying that there will never again be opportunities for small real estate investors to use leverage and tax advantages to make decent money. Just that, with so many of your fellow investors looking to do the same thing, you are not going to find (DEEP BREATH HERE!): underpriced positive cash-flowing properties in undervalued neighborhoods with great potential on which you can quickly close at a dynamite interest rate that result in quickly-rented units with stable, high-earning tenants who are happy to stick around so you can quickly refinance at "massively increased property valuation" (Dolf's expression) so you can pay yourself and your investors back, raise rents even higher and go on to the next property with similar ideal parameters, plunk 10% down and do the same thing.
And no, I'm not an unmotivated individual who works harder than I have to, doesn't understand the value of money, or doesn't want financial freedom. We all want that. In Dolf's world, there are numerous individuals who can't wait to to sell you $100 for $50. My question is, if he knows how to get people to do that, why he is telling us about it? I think we all know the answer to this question.
Don't get me wrong: Eventually, the property marketplace will right itself and investment properties will come up that offer opportunity to even small investors, even with the odds stacked against you. However, it won't unlock some kind of magical door to riches. It will simply be one of many investments that helps you build LONG-TERM wealth. Real estate is just another business that goes through cycles and isn't necessarily any more of a path to fabulous riches than owning a chain of gas stations or making molded plastic products.
By the way, the most successful real estate investment firms in America have had a total return about 23% annually for the past five years through March 31, 2006. That includes dividends and share price appreciation. If that's the BEST they can do, (and I'm not saying it's bad...it's actually an amazing performance!), it's because that's the BEST anyone can hope to do, including you and me. Remember, these firms use all the leverage they can muster and have tremendous economies of scale, and the smartest tax accountants and attorneys working on their behalf. We are highly unlikely to see this performance repeated in real estate for the next five years or possibly, ever.
Footnote: I recently studied single family homes in Broward County and Palm Beach County, Florida. Over the past thirty-five years, not including taxes of any kind, residential properties have enjoyed an average annual return of 9.25% per year. Short-run performance tends to regress towards the mean. Therefore, we are virtually assured that real estate will come nowhere close to its recent performance over the next several years, particularly in a higher-interest rate environment with lots of new supply. Buyer beware!
6 of 6 people found the following review helpful.
Read this book if you are serious about becoming a real estate investor.
By Lex
I first learned of Dolf De Roos a few years ago from reading one of his first books that was released through the Rich Dad, Poor Dad series. I have read every one of his books and find his comments about real estate to be "right on the money". He shows you why real estate is the best place to invest and also how you can increase your profits by looking for unique situations. Very valid advice and a very good read. I highly recommend this book.
By Lex Levinrad, author of "What I Learned On Wall Street:Why Real Estate Is the Best Investment".
29 of 32 people found the following review helpful.
This guy reaches out to people.
By CyberMan
Of all the real estate books that I have read or checked out and of all the real estate gurus that I have checked out, Dolf is the best.
This book goes beyond Real Estate Riches. Dolf explains h ow to purchase commercial property. He also explains how to spot property with a below-value "twist."
And there is more, like:
* No-fail mortgage application
* Purchase and sale clauses that work
* Make offers with seller appeal
* The offer; yield a bit or stand your ground?
* Settlement and possession structure
* Proposals for finance
* Ensuring that tradespeople do your jobs first
* Cutting non-performing tenants loose
My business has been primarily network marketing. Using Dolf de Ross real estate strategies has provided me with an additional stream of income as well as reducing my tax bill.
Real estate is somewhat like network marketing in that you can start with very little money, use leverage and create exponential growth.
Great book. A must read.
The Insider's Guide to Making Money in Real Estate: Smart Steps to Building Your Wealth Through Property, by Dolf de Roos, Diane Kennedy PDF
The Insider's Guide to Making Money in Real Estate: Smart Steps to Building Your Wealth Through Property, by Dolf de Roos, Diane Kennedy EPub
The Insider's Guide to Making Money in Real Estate: Smart Steps to Building Your Wealth Through Property, by Dolf de Roos, Diane Kennedy Doc
The Insider's Guide to Making Money in Real Estate: Smart Steps to Building Your Wealth Through Property, by Dolf de Roos, Diane Kennedy iBooks
The Insider's Guide to Making Money in Real Estate: Smart Steps to Building Your Wealth Through Property, by Dolf de Roos, Diane Kennedy rtf
The Insider's Guide to Making Money in Real Estate: Smart Steps to Building Your Wealth Through Property, by Dolf de Roos, Diane Kennedy Mobipocket
The Insider's Guide to Making Money in Real Estate: Smart Steps to Building Your Wealth Through Property, by Dolf de Roos, Diane Kennedy Kindle
Tidak ada komentar:
Posting Komentar