On 2009-08-17 Mariusz Skonieczny, ClassicValueInvestors . com wrote: I really like that the author said that real estate investing is not a get-rich-quick investment vehicle. For me, it puts this book in a good category versus the garbage books that promise the sky. I think that the authors provide very good real estate advice.
The only criticism I have of this book and other real estate books is that they do not warn readers of the dangers of leverage. They only talk about how great leverage is. For example, the author of this book says that a modest 2 percent growth in value translates to a 20 percent return on a property with just a 10 percent down payment. However, it also works the same going down, meaning that a 2 percent decline in prices results in a 20 percent loss. In addition, a 10 percent decline in real estate values results in a 100 percent loss. Many investors thought that real estate values could never go down. Unfortunately, they are paying a huge price now as real estate values have declined significantly. With that being said, I believe that real estate prices are either close to a bottom or already at a bottom, which means that if you invest right now, you are very likely to make a lot of money in the future.
Besides this, I think this is a really good book.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
. And summed up by saying Sound real estate investing advice. Currently The Unofficial Guide to Real Estate Investing has an overall rating of 8 over 10.
The Unofficial Guide to Real Estate Investing can also be found in the following searches:
Wiley claimed The inside scoop... for when you want more than the official line! We’ve all heard stories of the millionaire real-estate tycoons who started out by scraping together enough money for a down payment on a modest first property–or so the legend goes. And we’ve all seen the books that promise to show you how to make a million dollars buying houses with no money down. But when average people like us can barely pay the mortgage or the rent, we don’t need get-rich-quick schemes or hocus-pocus–we need the inside scoop on how real estate investing can improve our lives. The Unofficial Guide to Real Estate Investing, Second Edition, gives savvy readers like you a foolproof appraisal of everything from the most basic concepts of real estate investing to complicated tax and financing formulations. Millions of Americans got burned when the Internet bubble burst and corporate scoundrels ran off with their retirement accounts. Now they’re discovering that real estate can be their ticket to a prosperous retirement. Fully updated to take account of new tax law changes and now including listings of current apartment owners’ associations in all 50 states, this new edition is friendlier and more comprehensive than ever. If you’re looking for a long-term investment that you can control–safe from robber barons and market swings–look no further than The Unofficial Guide to Real Estate Investing, Second Edition. Vital Information on the inside world of real estate investing Insider Secrets on tax shelter benefits Money-Saving Techniques for valuing property correctly and determining its most profitable use Time-Saving Tips on borrowing money and discovering which investments have the potential to turn into tomorrow’s hot properties The Latest Trends in hot real estate investing options Handy Checklists and charts that help you put together a top-rate investment plan, generate cash flow, and pick the best real estate agent
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