#9 in Real estate investments books
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Reddit mentions of How to Manage Residential Property for Maximum Cash Flow and Resale Value
Sentiment score: 1
Reddit mentions: 1
We found 1 Reddit mentions of How to Manage Residential Property for Maximum Cash Flow and Resale Value. Here are the top ones.
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Specs:
| Height | 11 Inches |
| Length | 8.5 Inches |
| Number of items | 1 |
| Weight | 1.65 Pounds |
| Width | 0.75 Inches |
BiggerPockets.com is a decent place to start, they put together a free eBook for beginners here: http://www.biggerpockets.com/real-estate-investing
Books are great, so here are some:
The Richest Man in Babylon okay, you're probably saying, "But TIGit, that's not a book on real estate!" It's a book on investing, and I consider it a must read. This is the book that started me off in life, I was gifted a copy by my grandmother when I was 16. Read it.
What Every Real Estate Investor Needs to Know About Cash Flow and 36 Other Key Financial Measures this one is one of the best books on real estate. Real estate is a numbers game, there's a lot of emotion with all the negotiation and finding motivated sellers, but you need to keep the numbers in mind first*. If a property doesn't have a profitable enough margin you need to know to walk away. And to know "the numbers" this is the book.
How to Manage Residential Property for Maximum Cash Flow and Resale Value this one is for if you plan on building wealth through owning property and landlording. If you just want to be a wholesaler, buy a cheap personal home, or flip, this isn't the book for that. But it's important to keep in mind because the other REIs you compete with have this in their heads, and you should too.
Real Estate Finance and Investment Manual I don't like "fluff" books. Those quasi-motivational garbage real estate books are so common, but this isn't one of them. Stay away from those "Rich Dad Poor Dad" crap, those are just feel good word vomit. It reads more like a textbook, but it's good. None of that "Find the leader in yourself!" bullshit.
The 4-Hour Workweek this one also isn't a real estate book, but a must read. Ferris is a salt-and-burn serial business man, so bear in mind that he as a person is sort of shitty. I don't advocate taking advantage of people. But this book opened my eyes on how much of business is done. Exporting labor for cheap, using automation to save time and costs, selling products, setting up a business, and marketing. It's all there. And he's right. Tim Ferris is probably a sociopath, but he's dead on in how to succeed in business.