One of the first real estate investing books that I ever bought when I got serious about real estate investing. Now that I’m looking at getting back into that industry to take advantage of the real estate market these days, I decided to revisit this book and some of the idea in it.
This books takes a “get rich slow” view of real estate investing. It is one of the better step-by-step real estate investing books out there. The focus of the book is buying rental properties for cash flow, and the authors, Mike Summey and Roger Dawson, show you how to find motivated sellers, determine the investment value of a property based on it’s Net Operating Income (aka, cash flow), manage your properties, and more.
Because the book is aimed at readers with full time jobs and family obligations, the authors walk you through how to do everything in small bites. For example, to learn about your local market, the book shows you how to meet with real estate agents and obtain and analyze market research data so that you can find particular home types and neighborhoods to invest in, and do it all over the course of several weekends.
All in all, The Weekend Millionaire’s Secrets to Investing in Real Estate is an excellent introduction to anybody just getting started in real estate investing, and it does give you a good portion of the “book learning” you need in order to start working on your first real estate deal. You can purchase the book at most major book retailers, and online via Amazon.
For the things that the book is lacking, such as contracts, property inspection forms, and more in-depth, specialized information, the Real Estate Investor Wiki is worth looking at for filling in the gaps.
Until next time,