The Insider's Guide to Making Money in Real Estate: Smart Steps to Building Your Wealth Through Property

By Diane KennedyDiane M. KennedyDolf de Roos, et al.

Book Overview

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

• Format: Paperback
• Language: English
• ISBN: 0471711772
• ISBN13: 9780471711773
• Release Date: April 2005
• Publisher: Wiley
• Length: 256 Pages
• Weight: 0.77 lbs.
• Dimensions: 0.7" x 6.8" x 9.0"

Customer Reviews

Making Money in Real Estate

This is one of the best real estate books that I have read. The reason is that it is a "follow the steps" book and works perfectly for beginners and would probably be equally as good for experienced investors.

It's All About the Numbers!

Making Money in Real Estate, by Dolf De Roos & Diane Kennedy Between 2000 and 2004 my partner and I purchased over 30 buildings. I remember clearly it was around the end of 2000 and I went to see Dolf in NYC, and it just so happened that I was meeting a prospective silent partner who would be putting up all the money for our 5th building. As luck would have it I had a P & L to show our prospective partner and during the seminar, Dolf asked if anyone could share some numbers on a prospective deal they are looking at. I did one better, I pulled the P & L out and Dolf went over the numbers in front of the several hundred attendees. His response was, "You guys would have to nuts not to do this deal". I am also the author of a real estate book, "A 20,000% Gain in Real Estate" (and this particular deal is explained in detail in it). (Dolf was very informative and motivational by the way) In the first chapter of Dolf's book are three concepts that jumped out at me; and if you can always remember them I'd say you have a great shot at making some real money in real estate. They are: -Life is about priorities. -Investing in real estate is all about the numbers. -"Just Do It" This one is so true, I just never heard it put like this: "Every property has cash flow. The question really is, "Which way is the flowing?" While discussing the concept delegating or hiring other people to do some of the tasks that would free you up to do deals he says, "...the three most expensive words in the English language are (Do it yourself)." By Kevin Kingston, author of: A 20,000% Gain in Real Estate

Read this book if you are serious about becoming a real estate investor.

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".

This guy reaches out to people.

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.