Tips on Real Estate Investing
Septemeber 13, 2007
I am always looking for resources to use to enhance my real estate knowledge.
One of the writers that I have always respected is Robert J. Bruss. He has had a Q&A real estate column in the Los Angeles Times for as long as I can remember. He is also a contributor to Inman News, a newsletter which I subscribe to over the internet.
In previous posts, I have shared some of his recommendations for reading material. Here are two more books that are well worth reading by anyone interested in purchasing a home whether as a principal residence or as an investment.
To quote Mr. Bruss: "If you only read one book this year, "The Automatic Millionaire Homeowner" by David Bach, should be that book. Whether you are a renter considering purchase of you first home or condo, a current homeowner, or a seasoned investor, this common-sense book will reinforce what you probably already know even if you resist facing the facts.
The book has 2 themes:1) ordinary renters can become millionaires by investing in their first home, and 2)that home can become the foundation of buying a better home and/or investment property in future years."
The second book deals more specifically with how to acquire property in today's changing real estate market. This book is "Building Real Estate Wealth in a Changing Market" by John W. Schaub. Mr Schaub has been investing in and teaching classes on how to thrive in any real estate market by buying houses. With 35 years of experience in this field, Mr. Schaub writes with credibility. He is not an advocate of "get rich quick schemes" but prefers to profit from both rental cash flows and long term appreciation in market values.
These books both give a positive spin to the benefits of real estate ownership. They are a great antidote to all the doom and gloom that is constantly being presented by the popular media.
I am always looking for resources to use to enhance my real estate knowledge.
One of the writers that I have always respected is Robert J. Bruss. He has had a Q&A real estate column in the Los Angeles Times for as long as I can remember. He is also a contributor to Inman News, a newsletter which I subscribe to over the internet.
In previous posts, I have shared some of his recommendations for reading material. Here are two more books that are well worth reading by anyone interested in purchasing a home whether as a principal residence or as an investment.
To quote Mr. Bruss: "If you only read one book this year, "The Automatic Millionaire Homeowner" by David Bach, should be that book. Whether you are a renter considering purchase of you first home or condo, a current homeowner, or a seasoned investor, this common-sense book will reinforce what you probably already know even if you resist facing the facts.
The book has 2 themes:1) ordinary renters can become millionaires by investing in their first home, and 2)that home can become the foundation of buying a better home and/or investment property in future years."
The second book deals more specifically with how to acquire property in today's changing real estate market. This book is "Building Real Estate Wealth in a Changing Market" by John W. Schaub. Mr Schaub has been investing in and teaching classes on how to thrive in any real estate market by buying houses. With 35 years of experience in this field, Mr. Schaub writes with credibility. He is not an advocate of "get rich quick schemes" but prefers to profit from both rental cash flows and long term appreciation in market values.
These books both give a positive spin to the benefits of real estate ownership. They are a great antidote to all the doom and gloom that is constantly being presented by the popular media.
posted by shirley harry at 9:47 AM
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