Summary of Ken McElroy's The ABCs of Real Estate Investing - E-book - ePub

Please note: This is a companion version & not the original book. Sample Book Insights: #1 Every business and every industry has people who seem to drip with success. They seem to know all the right people, make all the right decisions, and be in all the right places at the right time. But these successes are not the result of magic or luck. They are the result of hard work and preparation. #2 All you need to invest in real estate is a good deal that makes sense and solid financials.
You don't need hundreds of thousands of dollars in the bank to invest in real estate, and you don't need millions. All you need is a good deal that makes sense. #3 There are thousands of people interested in investing in real estate, particularly when other investment vehicles, such as the stock market and bonds, are declining. Just look around at a Rich Dad Seminar. #4 While buying a $2 million house may seem like a big leap, it is not as risky as it seems.
When you buy a house or a condo and rent it out, appreciation of the property depends on the appreciation of the neighborhood. However, when you buy and manage commercial properties, such as apartment buildings, appreciation is based on the cash flow of the property itself.