Any Real Estate books to recommend?
 

hey guys, I am looking to invest in RE in the near future

do you guys have any good books that would put me on the right path?

thanx!

how to become a successful real estate agent in hollywood selling celebrity homes in 24 hours

top notch

please nobody say rich dad poor dad

:1orglaugh you said it first.

I have already read that one

I'm looking for the same thing.

uno .. i can get some stuff to you.

id be interreested in some as well

buy low, sell high. and you really should have done this 5 years ago in socal/norcal. Nowadays...vegas maybe, phoenix. Lots of land in New Orleans....

I've had my eye on the bubble for quite some time and I'd like to know re how to get in once the bubble pops.

Its just my opinion but all the Adjustable Rate Mortgages given to people that normally wouldn't be able to get a mortgage. Will create a huge opportunity to those that are ready in about 2 yrs. It happened in the 80's and its set up to happen again. The mortgage companys give people an A.R.M once the rates go up so does their monthly payment. Alot of these people are maxed out at the current rate. When it starts creaping up(already is) the home prices come down. So in a couple years you will have people paying a $400K mortgage on a $300K house people will walk away from the properties.(like in the 80's) Theres an ol'saying "if you look far enough in the past you can see the future"

Exactly... Anyone who knows me and my situation in the industry knows I was nobody 2 years ago and I am somebody only to the 75th percentile at this point... ie, I could not afford a home 2 years ago so currently I rent...

I now can easily afford to buy a home even in this sellers market. I went to a lending company and tossed around numbers and basically they told me that it is by my anual income alone they will even discuss buying a home with me...

So I figured... why buy a home right not in California? My father owns a 4 bedroom home and his mortgage (with prop 13) is $300 a month... If I bought the same house (the example I gave the lending company) it would cost me $4879 a month to buy his house. Unfucking believable!

While I know I can easily afford I am thinking.... WHY!!!!???????

Why buy a house right now when people are going to start getting balloon payments do on their all interest loans in 1 to 3 years and I can walk into their loan at 2 years agos price...

I am going to wait another year or two and see what happens...

I love my kids, but damn... they are the only reason I don't move inland and grab a nice 8 bedroom house with a ranch sized property...

Just 3 more years... then they will all go to college in the dorms whether they like it or not!

Rich Dad, Poor Dad ;)

DH

for the basic regarding mortgages etc read wikipedia like i did, after that it's mostly experience info you get from people involved in this. Have in mind this is like an ancient investing field so you'll better be really smart on your moves.

go take your realtors license course. if you plan on buying even get your realtors license. that way you get the commission when you buy the houses. the best part (it might be different there), in michigan i get access to the multilist which is the system realtors use to look up houses. i can look up houses and get deals as soon as they hit the market before other people have a chance to look at them.

I think I can get you a few.

William Nickerson - Something about turning a little money into a lot. Very old will need to get it used. Does a step by step plan for you.

Robert Allen - Nothing Down, He is always revising it but this stuff does not really change. He makes you think of possiblites.

Care and feeding of tenants - Andy Kane, if you have tenants or will this is good stuff. But do some research on after you buy.

get me some stuff already!!!

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