It was good to have the blog links that provided further info at the end of each chapter. Anyone who is just starting out should definitely read this guide! Jan 26, Tommy rated it really liked it Shelves: This book was very short and very basic but for a quick overview it did a good job. Brandon Turner from BiggerPockets essentially goes through the basics of real estate investing. Different things to invest in, different strategies in investing, ways to market, and ways to finance. While there's not a lot of meat on the bone it gives you a jumping off point to dive more into topics that you're really interested in and exposes you to things you might not have considered before.
Look forward to rea This book was very short and very basic but for a quick overview it did a good job. Look forward to reading more in depth books on some of these topics.
If you're vaguely familiar with real estate investing listen to podcasts, read forums, etc. Dec 21, Raoul rated it really liked it Shelves: A lot of great advice for beginner real estate investors; lots of breadth, but not much depth. Meant for readers who are completely new to real estate investing; even slightly experienced real estate investors should know all of this by now but it might be a decent review.
BiggerPockets Presents The Ultimate Beginner's Guide to Real Estate Investing
Can't complain much since the book is available on the BiggerPockets website for free. Overall recommende A lot of great advice for beginner real estate investors; lots of breadth, but not much depth. Overall recommended for novice investors only. Jun 08, Kate Williamson rated it it was amazing. I am convinced that real estate is something I can highly benefit from, but like a lot of people, I did not know where to start.
This book is a fantastic guide for anyone interested in the different ways to get involved in real estate, as well as articles to read from experienced investors. I would recommend this book to anyone and will use it again and again as a guide for my own investment goals. Jun 18, Paula rated it liked it Shelves: Second, it's a quick and easy read. It's very generic and basically every chapter sends you to the website to get more information. That's ok becuase as a beginner's guide, you are exposed to many areas of REI and then simply choose on which one you'd like more information. Jan 26, Nick Moser rated it it was amazing Shelves: Don't agree with some of the negative reviews out there, saying it's an ad for the site.
It's a free book that provides numerous other resources to get even more information.
BiggerPockets Presents: The Ultimate Beginner's Guide to Real Estate Investing by Joshua Dorkin
What's wrong with that? Great for anyone just starting out in real estate investing. Sep 15, Ken Weiner rated it it was ok. Pretty much an advertisement This book is worth the price only because it is free. Maybe a true beginner will get something it of it, but otherwise it is just an advertisement for the author's real estate website and community. Jan 01, Skyler rated it it was ok Shelves: Quick and easy read of all the basics of Real Estate investing. Nothing ground breaking or amazing, but it does a good job of quickly covering a high level overview of everything you might want to know before you dig deep into the details.
Oct 24, Nola Franzen rated it really liked it. Some of the suggestions are outside of my comfort zone but a few are just what I have wanted to do for years. I just didn't know where to start.
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As mentioned previously, there are numerous different ways to invest in real estate. One of the coolest benefits for active and former U.
- It's Here! The Ultimate Beginner's Guide to Real Estate Investing.
- You are here.
- Les perdrix de Lectoure: Les aventures de Guilhem dUssel, chevalier troubadour (French Edition).
- How Can You Help?.
- Want in on the game? A look at investing in American real estate while serving | Stripes Okinawa!
- Army Weight Control Program (AR600-9)?
- .
You can even get the seller to pay most of the closing costs, so you can get into a property with almost nothing out of pocket. However, as you are probably thinking, what does buying an owner-occupied house have to do with investing? However, there are two common situations which can turn a home owner into an investor: Military members find themselves moving… a lot. For a variety of reasons, you and your family may find yourself at a number of different bases in the U.
Therefore, many military families become real estate investing families almost by accident- by simply turning their existing home into a rental each time they move. A small multifamily property can be either a duplex, triplex, or fourplex and most loans, including the VA loan, consider these properties to be the same as a single family house. In other words, you can live in one unit and rent the other units out to cover the mortgage payment or more. Both of these strategies can be used by members of the military or anyone, really to get started investing with almost no money down.
In other words, they can find the property for you, help you obtain financing, manage the tenants, and take care of most of the bookkeeping. There is a lot of debate on the effectiveness of a turnkey real estate company, which is usually based on individual experiences with certain turnkey providers. Obviously, the turnkey company needs to make a profit, so you may pay a higher premium for the property than you might otherwise pay on your own. On the other hand, turnkey companies tend to negotiate better deals because they are trained to understand their market and their business model is tied to repeat customers and successful investments for their clients.
You should still evaluate the numbers the same as if you were doing it all on your own. Never simply accept what the turnkey provider says as gospel truth; trust… but verify everything. Also, interview several turnkey companies to see which will make the best fit for you.
BiggerPockets Presents The Ultimate Beginner's Guide to Real Estate Investing
Ask for references and actually call those references. This turnkey company will largely be responsible for the success of your investment, so treat it like a business and do your homework up front. Turnkey investing can be incredibly helpful for someone looking to invest in real estate while in the military, but carefully weigh the options and analyze each deal for yourself to make sure you are getting a great investment property.
You can choose a location, do your homework from a distance, sift through properties online, interview property managers over the phone, hire a property inspector to check out the property, arrange financing, and sign the papers… all without ever stepping foot in the same state or country as the property.
Online, most properties look amazing because the real estate agent who is listing the property has a fiduciary responsibility to present the property in the best light. In other words — the listing is not going to mention the meth house next door, the late-night traffic on the street, or the pedophile who wanders around the neighborhood with a creepy look on his face. Make as many connections as possible and tour as many properties as you can so you can get a good feel for the area. This team should consist of, at a minimum, a great real estate agent preferably an investor-friendly agent, a property manager, and a property inspector.
Additionally, if you can build relationships with active BiggerPockets members in that area, you will have a fantastic source of information and contacts — which will be invaluable to you as you begin investing in a new area. In just minutes, you can discover the crime statistics of any neighborhood in the country, as well as virtually drive down any major road in the U. Utilize online tools to make sure you know the neighborhood you are investing in. If you plan to DIY it, I highly encourage you to really dig into your education before you do.
BiggerPockets Presents The Ultimate Beginner's Guide to Real Estate Investing
However, when you do your homework and invest intelligently, investing in rental properties the DIY way can be a very lucrative way to invest while serving in the military. You see, as a member of the armed services, you have a very valuable trait: In other words, you probably have the ability to obtain mortgages and you probably even have a bit of cash saved up.
While you may lack the location-aspect of putting together a deal, there may be another investor out there who has the location but lacks the cash or credit or job history. Please go through it and let us know your thoughts. If you agree, do share it online however you can. We want it to help as many people as it can. I just wanted to say the best piece of advise to all the beginners by far!
I find this very good because it has answered many of my questions. The aspekt that I love the most- this article is about real life. This guide has grown a bit of fear in me. It means that I am starting to understand the hard work and the responsibilities of a real estate investor. Siim — The gurus will tell you that it is easy — we want to give a realistic look at the life of an investor. The fear is good. Notify me of follow-up comments by email. Notify me of new posts by email. Free eBook from BiggerPockets! Click Here to Download the eBook Now!
December 17, 5. December 16, December 9, 4. Melodee Lucido on February 19, 6: Thank you so much for your vision and diligence on all our behalf. Joshua Dorkin on February 19, 6: Charles Boehm Hill on February 19, 8: Thank you for your contribution to the RE investment community Reply Report comment. Joshua Dorkin on February 19, Irish on February 19, 8: Thank you, thank you, thank you Reply Report comment. Brandon on February 19, Danny Johnson on February 19, Dig into the guide and get your plan together!
Ron Ridgway on February 19, Thanks for the insight I look forward becoming an established investor and sharing my knowledge.