Want to learn about investing in real estate? This book by Brandon Turner of BiggerPockets can help you get started — no matter how much (or how little) you have.
When it comes to investing in real estate, I'm into REITs. I just sold my home, and I have no interest in becoming a landlord. However, I know that, for many, real estate investing is the way to go. For many investors, adding real estate to the portfolio can be a smart move.
If you are hoping to become a real estate investor, but you don't know where to start, and you're worried that you don't have enough money, Brandon Turner from BiggerPockets has the book for you:?[easyazon_link asin=”0990711714″ locale=”US” new_window=”default” nofollow=”default” tag=”moneyseed-20″ add_to_cart=”default” cloaking=”default” localization=”default” popups=”default”]The Book on Investing In Real Estate with No (and Low) Money Down: Real Life Strategies for Investing in Real Estate Using Other People's Money[/easyazon_link].
Investing in Real Estate: Possible for Anyone
We often think of real estate investing as something that you can do only if you have a lot of capital. However, this isn't the case. Turner has been investing in real estate for years, and he's turned it into a revenue stream that works for his family. When he started, though, he was broke. The Book on Investing in Real Estate with No (and Low) Money Down is all about learning practical strategies to get started without using your own money.
Turner writes in a straightforward, conversational style that is easy to understand. He uses his experiences to show you how you can use different strategies, depending on your risk tolerance and financial situation, to make solid real estate deals. Some of the items covered in this book on investing in real estate include:
- Single-family vs. multi-family properties
- FHA loans
- USDA loans
- 203k loans
- Using partners to buy real estate
- Using home equity
- Hard money strategies
- Raising private money to fund deals
- How to use seller financing
- Lease options
- Real estate wholesaling
A lot of these topics are items that were hinted at when I attended a Rich Dad training some months ago. However, instead of paying thousands of dollars to attend some course (and possibly be upsold to another “system'), you can learn a lot of practical tips for a little more?than $20.
Turner takes you through the risks and rewards of each type of strategy he illustrates. That way, you can get a feel for whether or not investing in real estate is right for you, and which strategies are most likely to benefit you. It's all about making an informed decision, and Turner provides you with the information you need in this book.
Not only is this book easy to read and understand, but it is also realistic. Turner makes it clear that he's not fabulously wealthy, and he doesn't claim that you will become rich quickly by following his suggestions. Instead, the book offers a way for you to learn to generate decent income by investing in real estate. You're going to need to work hard and you can't expect to see amazing returns.
What I like most about The Book on Investing In Real Estate with No (and Low) Money Down: Real Life Strategies for Investing in Real Estate Using Other People's Money[/easyazon_link] is that it's not glamorous. It's realistic, and it's geared toward showing how you can be successful, rather than trying to sell you some far-fetched dream of vast riches.
I would like to see a second edition in a couple of years that includes information on real estate crowdfunding, since investment crowdfunding of all types is becoming increasingly popular.
If you want a solid overview of investing in real estate, and if you want to understand your options, this is the book for you. After reading it, I'm even considering giving real estate investing a go.