If real estate investing was easy, everyone would be doing it – everyone with a bit of capital to spare, at least. Renting real estate is easy, buying it is a walk in the park and selling it is no problemo – doing all of these right, however, is another story.
Due to the appeal of investing in real estate and the potential for large profits while the property ‘works for you’, lots of self-proclaimed real estate gurus have popped up in recent times, all promising to turn anyone with money to invest into the next Donald Trump. Finding useful advice on how to make money from real estate investing can be a pain – here are 3 training programs that will prevent your net worth from collapsing.
Fixing and Flipping Real Estate by Marty Boardman: This book focuses on one of the most appealing forms of real estate investment: buying a run-down or low-value property and transforming it into something worth several times more than its initial price. True, many great properties of present day were once a far cry from their current state, but again, if the ‘fix-and-flip’ was so easy, everyone would be doing it. In his book, Boardman tries to go past the glamour of transforming property to increase its value and tackles the nitty-gritty of it all in a friendly manner. Many books promise to make you serious cash – this is one that can actually deliver on its promise with time, effort and a little luck on your side.
Investing in Land by Robert J. Abalos: This guide doesn’t get enough praise, which probably goes hand-in-hand with the fact that there are few successful land investors. If you ever wanted to purchase a scrap of land and create something worthwhile on it, don’t skip this book – it’s not the newest entry, but it’s still a tome of useful information. Of course, Abalos’ work doesn’t just deal with built-from-scratch real estate investing – he also goes over what makes real estate moguls successful and how you can minimize your risks on your way to (hopefully) becoming one of them.
The McGraw-Hill 36-Hour Real Estate Investment Course by Jack Cummings: Even older than the previous entry, the fact that this book dates back to 1993 might make some think it’s out-of-date. In reality, it’s quite contemporary and is written with a hands-on approach that will let you realistically assess your investing knowledge before you go out there and do something silly. While the book does claim to cater to both new and experienced real estate investors, it will offer much more to the latter with its intricate examination of investing nuances. The ‘course’ focuses on all types of investment equally, from purchasing property without structures to acquiring established buildings that simply need a better business model. It’s a bit older, so it might be difficult to get your hands on a mint copy, but if you do, it can do wonders for your investment future – it won’t turn you into a real estate pro in 36 hours, but it might save you quite a bit of money.