Before you start investing in rentals, you should know what you’re getting into. If you’re looking to become financially free before you reach your sixties, investing in real estate is a blueprint that’s been proven to work.
In the past 50 years, over 70% of American taxpayers declaring more than a million dollars on their income tax returns have invested in real estate, according to the IRS.
And it’s not hard to see why.
From fighting off inflation and generating cash flow to property appreciation and tax benefits, real estate gives investors multiple ways to build and keep wealth.
And while there are several ways to invest in real estate, investing in rental properties is an ideal starting point for beginners, even those without any real estate background.
Unlike flipping or wholesaling, rental properties are simple enough to understand, and with the right knowledge and research, strategies to make money off them are not difficult to implement.
However, just because it’s simple doesn’t mean it’s something you can just get into without proper education and preparation.
You have a wide range of options you need to consider when investing in rental properties—from location, type of property, type of rental arrangement, financing, and investment strategy.
Ultimately, the decisions will be up to you, but before you can make the right one, you need to have all the information you need.
In Rental Property Strategies, you’ll find valuable knowledge and helpful advice based on years of experience in real estate. Inside, here is just a fraction of what you will discover:
How to get other people to pay for your mortgage, while you continue to stay in your own house The simple method to figure out how many rental properties you need to invest in to achieve financial freedom Why you should never buy a rental property based on its potential for appreciation How to grow your portfolio from one rental property to six in less than 10 years, while keeping your debt obligations down How to peacefully and compassionately deal with tenants who fail to pay rent on time How to legally defer paying taxes on your investment property when you upgrade your investment Quick and easy ways to increase your rental income without any additional effort or expenditure The must-have back-up for every rental property to ensure you can continue your mortgage payments, no matter the economic situation And much more.
Although real estate can be very lucrative, there are still quite a number of real estate investors who lose money in their investments.
Whether it’s taking on too much risk, getting into more than they can manage, or not studying the market beforehand, there’s a lot that can go wrong when you are ill-prepared to take on a big investment.
By equipping yourself with the right knowledge and surrounding yourself with the right people, you can protect yourself from losses and set yourself up for financial independence, sooner rather than later.
Sensible and effective reading. The author offers, briefly but clearly, information on the bases, processes and pitfalls to start investing and making a profit from the rental of real estate. _____________ Lectura sensata y efectiva. El autor ofrece, de forma breve pero clara, información sobre las bases, los procesos y los escollos para empezar a invertir y obtener beneficios por el alquiler de inmuebles.
The good, the bad and the ugly of investing in rental properties
If you’re considering investing in rental properties then I highly recommend this book as something to read before you do. It is a comprehensive look at rental properties and the possibility of making those properties into investments. The author has over 30 years experience in the industry and imparts his knowledge and experience here. There is just so much to take in as someone who read this book more for information. The good of the book is that after reading I don’t feel as intimidated as I had before reading about rental properties as investments. The bad of the book is the cursory approach to the pitfalls of rental properties. I would never have been satisfied unless the author covered every possibility for disaster. Of course that might be a whole other book. I was so happy to read that the author understood there are parts of this endeavor that could be ugly when investing in rental properties. Risk it and win? Highly recommend.
Can’t believe this book is rated so highly. I mean I guess if you know literally nothing about real estate, you might find this elementary level primer useful. For anyone who has even remotely familiar with rental properties will not get anything out of it. Tips are on the level of “deduct your expenses on your taxes!” Ooh wow, hadn’t thought of that!
This book offers solid information on where the advantages lie in choosing what type of property to buy for rental income. With clear prose and good formatting, the organization of topics is well laid out. I would have liked a chapter on which geographic locations offer the best climates for optimizing rental property income.
I had very little idea about rental properties, and my thought has always been getting my properties that could bring in additional income. This book set the basis for a very successful start-up and the strategies to use when starting your rental properties.