Rating: Summary: Worth the read...if you're new to the game. Review: This book give one point of view; buy-fix-flip. He has no appreciation for...appreciation. That said, if you want to know the basics of creating additional value and moving on to the next property this is a great start.
Rating: Summary: The Basics Review: This book is an easy read, but those who considered it the "best" real estate book out there may have been rotting their brains on no money down schemes (this book thankfully notes that beginning investors will not find a no money down investment property deal). If you are looking for Real Estate Investing 101, this is a good choice. If you already understand Cap Rates and NOI, and are confident in your ability to estimate the value of a property based on its financial statement, then pass on this book. All in all, the book is good but basic. Unfortunate that the tables presented in the text are not explained fully--the author prefers, I think, to sell you the software separately.
Rating: Summary: The Basics Review: This book is an easy read, but those who considered it the "best" real estate book out there may have been rotting their brains on no money down schemes (this book thankfully notes that beginning investors will not find a no money down investment property deal). If you are looking for Real Estate Investing 101, this is a good choice. If you already understand Cap Rates and NOI, and are confident in your ability to estimate the value of a property based on its financial statement, then pass on this book. All in all, the book is good but basic. Unfortunate that the tables presented in the text are not explained fully--the author prefers, I think, to sell you the software separately.
Rating: Summary: The basics about multi-family properties Review: This book is very informative if you are a beginner to the multi family world. For anyone that has already dealt with multi family, then you do not need this book. However, Berges other book, real estate finance is a good review for the seasoned apartment owner. In that book he goes over some key performance and efficiency ratios that everyone should be aware of when dealing with multi family properties.
The book covers the general ideas behind multi family properties but of course it will differ by region slightly. The cap rates that he speaks of are not available in say california but might be available in indiana. Overall a good book for beginners to intermediate but definitely not seasoned investors.
Rating: Summary: Realistic Approach to Real Estate Review: This is a terrific book for someone interested in approaching real estate investment in a serious way -- using analysis and sound business principles. But if you are only interested in the "no money down" & "get rich quick" schools of thought, pass on this book.
Rating: Summary: Substantive and Well Written Review: This is a well written, articulate book. It does not promise fabulous wriches or creative, bizzare financing to get rich quick with no money down. Instead, it offers systems of evaluation and analysis for investors in a real-life market.
Rating: Summary: Great Book Review: This was the first book I have purchased on the subject of real estate investing in multi-family properties. I have been and interested in the subject for some time however.
I found the formulas and rules the book includes to be invaluable, and used them to create Excel spreadsheets to quickly analyze the hundreds of multi-family listings available. I found the book to be easy to read and understand.
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