16min
ABCs of Real Estate Investing is the ultimate guide to taking our first steps into the world of property investing. World-famous millionaire investor, Ken McElroy, shares his valuable tips on how not to get waylaid by the common misconceptions surrounding the world of real estate, and how to focus on the right attitude and best strategies for real success, even without any previous knowledge.
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Analysis and key concepts
01.
Becoming rich through real estate investing requires careful planning
02.
The secret to conscious investing is to set a realistic goal, which steers clear of any deceptive misconceptions
03.
A few tips to build an effective and trustworthy team
04.
We must identify the best market, before searching for a good property
05.
When choosing a property to invest in, we need to accurately calculate its real value, using the following five steps
06.
Before legally purchasing the property, we must turn every potential problem into an opportunity
07.
Perfect property management is what makes a successful property investor
08.
Selling a property requires the same attention to detail as the buying process
09.
Quotes
10.
Take-home message
The real estate market is often seen as a highly risky and dangerous investment option. According to Ken McElroy, however, provided we approach it with a solid plan based on research and detailed preparation, this need not be the case. There are no easy tricks to make us rich overnight, so we need to commit, and put in the effort.
The author manages multi-million dollar properties across the United States of America, and his 30 years of experience in the industry have led him to believe firmly in two aspects in particular as being essential to succeeding in real estate: investing in field research of the best deals on the market, and excellent property management. Moreover, he has developed a highly effective method for minimising risk and maximising profits, which involves assessing the property market of interest, searching for the perfect property, verifying the condition of the property, developing an operating budget, creating a management plan to improve the property’s characteristics, and maximising liquidity.
You'll have 7 days free, and if you're not satisfied after 30 days, you can get your money back.
Many useful tips to:
The author
Ken McElroy is an investor in the property market, with three decades of experience and multi-million dollar earnings under his belt. His career goes hand in hand with a deep concern for social issues: he has regularly donated to medical research into leukaemia and autism for many years, and heads organisations that raise awareness around these issues. He is also the author of numerous bestsellers, including ABCs of Real Estate Investing.
Edition
Publishing house:
Rda Pr Llc
Year:
2012
Pages:
220
ISBN:
978-1937832032