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M**E
Captivating Read: The Rental Property Book!!!!
Discover the essence of property investment in the captivating pages of "The Rental Property Book." This insightful guide unravels the intricacies of rental property ownership with clarity and practicality, making it an essential read for both seasoned investors and newcomers alike.Delve into strategies for maximizing rental income, navigating landlord-tenant dynamics, and optimizing property management efficiency. The book's engaging narrative combines real-life anecdotes with expert advice, offering invaluable insights into market trends, financial planning, and legal considerations.Whether you're aiming to expand your portfolio or embark on your first investment journey, "The Rental Property Book" equips you with the knowledge and confidence to succeed. It's a compelling resource that transforms complex real estate concepts into actionable steps, ensuring every page is as enlightening as it is enriching.
A**A
A must-read if you are thinking about investing in real estate.
My husband recently retired from the military and we've been discussing investing in rental properties now that he has a bit more time. We've put it off over the past year because it seems overwhelming to even get started.As I read through this book, the questions I had about how to even get started were answered clearly, and with facts and anecdotal evidence. I love how Brandon walks you through every step of the rental property process from how to analyze a rental property (best chapter I read on this topic ever- no detail is left out!) to how to find one when you are ready to buy.My only regret is that I didn't read this book through the first time with a pen and paper in hand. I'm now going back through it a second time making notes and beginning to outline a plan for my own investment plans.Brandon simplifies the entire process and while he clearly states this is not a get rich quick book (thank goodness- there are enough of those these days) he does explain how investing in rental properties can help build wealth, allow you to eventually quit your day job, or just add to your investment portfolio.This book is easy to read and filled with funny stories and real life examples from Brandon's experiences. I wouldn't have imagined a book on investing could be informative and entertaining, but this one is.I've been doing a lot of research over the past year and this book is by far the most comprehensive, well written book on rental properties I've read.Highly recommend!
S**.
An absolutely NO BS guide to real estate investing
I must say I'm impressed. As far too many people already know, the world of real estate is a big one, and it's full of "gurus" selling, quite frankly, BS programs/training that only benefit one thing: THEIR POCKETS. However, this book by Brandon Turner has gone way beyond what is expected in an attempt to provide actual value to those looking to invest in real estate. The book provides a detailed, comprehensive guide to succeeding in rental property investing. It also outlines and explains each aspect of being a real estate, even some that many would not expect to be as crucial as they are. Things like building a great team and offering value to fellow landlords in exchange for guidance/mentorship is a vital component of any real estate endeavor, but is not nearly talked about as much as things like financing a deal and estimating cash flow. This book is certainly a must-have for any real estate investor. However, there is one thing that every potential must understand about this book and real estate as a whole. And that is that there an immense number of paths one can take to becoming successful in real estate, and rental properties is just ONE of those. Is this book the be all and end all of real estate? Of course not. But if you're looking to head down the specific path of rental properties, than this book is definitely for you.
N**M
Good principles, but sometimes outdated and exaggerated
Good for a high level overview of concepts. But in some portions, this was written from the perspective of someone who had success back in the good old days... like when you could get a new roof for $5k and all new appliances for $1.2k. These are actual cost examples given by the author, which he uses to show how deals should work and provide a conveniently rosy picture of how he makes money. This is obviously outdated, and if you budget this way, you'll be grossly underestimating your costs. Other examples are spending $600 on a plumber to replace a hot water heater and spending $100 on roof repairs.I lost some trust in the author when he described a particular house he bought for $16,000. First, he says that it "wasn't in terrible shape, but it did need a good deal of work..." (page 137). But later, he calls it a "piece-of-junk property". In each instance, it felt like the author was using whichever description was more convenient to help make his point, but I didn't find them to be consistent.Your investment strategy will need to be based on today's realities, not costs from years ago. Also, don't rely on the math in this book, I found a major error that showed a profit $32 MILLION based on buying a $250k house after 25 years...this is laughably unrealistic. Double check every figure he provides.Remember, this is just a $15 book. You get what you pay for. I highly recommend "Start with Strategy" by Dave Meyer as an alternative, far more realistic resource (also published by BiggerPockets).
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