In any country, private property exists only as long as it isn't worth more to someone with more power or money.

African Americans used to own much of the coastline in the Southern States. Then the concept of the beach house happened. There's actually a pretty good book on the subject.

Hello. Landlord here.

I highly recommend this book, it’s what got me started in property.

How To Be A Landlord: The Definitive Guide to Letting and Managing Your Rental Property https://www.amazon.co.uk/dp/0993497225

If you decide to rent your house and become a landlord then you will have lots of legal responsibilities. Your house needs to be a minimum EPC level of E. You need a gas safety check conducted every year and soon you will need an electrical check conducted every 5 years. You need to place a tenants deposit in a Government backed Deposit Protection Scheme and this can be no more than 5 weeks rent. You are on a strict time limit to do all this and failure to do so will result in you being unable to get your house back and you could be fined up to 3x the deposit amount. You also can’t charge any fees for vetting the tenants. You should join the NLA or RLA to learn how to be a landlord and to get access to their documentation, especially the AST’s.

You have a lot to learn; it’s not so simple. However my biggest worry for you is when the time comes to get your property back. If you haven’t been correct in issuing paperwork or sticking to your landlord responsibilities and you have stubborn tenants, they can make it hell for you to reclaim your property (on average at best it could take about 40 weeks using a s21 notice).

I’d think long and hard about doing this if I was you. Good luck.

I'd recommend reading a few books. Before I got started, I found these particularly helpful:
Sell with Soul by Jennifer Allan
21 Things I Wish My Broker Had Told Me by Frank Cook
The Millionaire Real Estate Agent by Gary Keller- everyone swears by this one, but I didn't find it that helpful.

Good Luck

I would recommend this one. It's a "Dummies" book, but it gives a decent overview of the home buying process and what to expect.

Many books may not discuss buying a home with an SO you aren't married to, and many people in this sub will probably advocate against doing so.

Ultimately, it depends on your relationship and how stable and comfortable the two of you are in it. I bought my home with my SO when we weren't married (he's now my husband of almost 2 years). Originally, our plan was to buy the home together, but my financial situation was actually better than his at the time of purchase, and buying our home alone solely in my name ended up giving us a better interest rate. Even though my name was the sole one on the mortgage, we treated the home as "ours" from day one with the understanding that if we ever did split up, we would split whatever equity we had built. This works for some couples, but not for all.

What you do really depends on your relationship. Having both of you on the mortgage could get messy if you ever split up. One of you (or both of you) would either have to sell the home and then divide up whatever equity you might have, or refinance and then pay the other the cut of their equity. Having only one of you on the mortgage may be easier, and provide more options. You can have your SO pay "rent" to you and have no ownership interest. Another option is to have them straight up pay half of the mortgage payment and treat the home as half theirs. If the two of you were to ever split, you would still compensate your SO for half of the equity that accrued in the home. Whatever route you take, the best thing you can do is make sure that both of you is aware of where things stand. Drafting an agreement might be a good idea as well.

IMO, multifamilies are all about the numbers, if they don't work, don't force it, move on to another opportunity, there are tons out there. I recommend these books:

http://www.amazon.com/Turned-into-Million-Estate-Spare/dp/0671253689
http://www.amazon.com/Estate-Investor-Flow-Financial-Measures/dp/0071603271

Ce livre écrit par un ami. C'est en anglais mais c'est super bien expliqué. C'est un achat de A a Z d'un appart à Paris mais tous les trucs et astuces s'appliquent pour n'importe qu'elle achat immo en France (genre pour réduire ses frais de notaires, etc...)

While distributism is an interesting way to order an economy, there also exist strong arguments for laissez-faire capitalism.

That's a good list, BUT they should be secondary reading, sure you can get insights from them that can relate to any type of investing but you want to be RE specific right? Here is a list I would look into.

Private Real Estate Investment: Data Analysis and Decision Making

Real Estate Finance & Investments

Multifamily Housing Development Handbook

Real Estate Market Analysis: Methods and Case Studies, Second Edition

The Complete Guide to Buying and Selling Apartment Buildings

How to Pay Little or No Taxes on Your Real Estate Investments: What Smart Investors Need to Know

Investing in Real Estate

Real Estate Investing, Cash Flows, and Due Diligence: Making Better Investment Decisions (Volume 2)

What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures

That's a lot, also info in those books may over lap so pick which ones you would want to answer your specific questions. Hope this helps.

I have done an internship in this area, so I hope, I can give some insight in this topic.
First of all, yes a huge amount of energy globally is carried by waves. To give some numbers: According to the Bureau of Ocean Energy Management, about 1/3 of the total US power consumption can be supplied by Wave power from the US shores. If there is so much energy that could be extracted from the waves why isn't anyone doing it?
Well, in fact LOTS of people are trying. Just look how many people in denmark are working on this: https://stateofgreen.com/en/sectors/solar-other-renewables/wave-power
There are also lots of people in england, scottland, canada, portugal, the US. Quite possibly also in Asia, but I am not so familiar with this part and I haven't really kept up with the news in the last two years.
If there are so many people and companies working on this. Why isn't anything happening?
The conceptual and technical difficulties are huge. First of all, lets start with some simple concepts about how to extract the energy from the waves. One of the main principles that you must learn is: A good wave absorber is also a good wave emitter. It is easy to see why this has to be true. Mathematically if you have a sine wave and you want to make it completely flat, all you need to do is add another wave, according to the superposition principle, that interfers completely destructive. What this means for wave power is that any device that should absorb the wave power basically creates another wave that constructively interfers with the incoming wave. But here comes the tricky part. Many many designs rely on point absorbers. They only absorb the wave in one point. But they emit a wave in 360 degrees. That means a lot of the energy that is absorbed from the incoming wave, which comes from one direction only, is dispersed in all directions and only a small part of the emitted wave interfers destructively and only a fraction of the energy is actually absorbed. Of course reality is a bit more complex than what I have just described, but I hope you get the idea. Instead of a point absorber a line absorber would be more efficient because the wave emitted in the middle will be in one direction only, all the radial waves cancel out due to Huygens principle. But they are much more challenging to build.
Another difficulty is the conversion of the motion into electricity. Waves come with many different heights and many different frequencies. This picture shows the energy spectrum for different frequencies. Most of the energy is in the area between 0.05 and 0.15 Hz. It corresponds to wave periods between 7 and 20 seconds. All these different frequencies mean that the motion of the absorbing device will be unrhythmic. You somehow have make a device that takes the motion of waves and converts it into electricity. If you use a generator you somehow have to convert the motion into fast rotation without loosing efficiency. That is a challenge. Another challenge is the optimization to different conditions. As you might have seen in the wave power wikipedia article, the energy of a wave depends on the square of the wave height. You will want to have the highest efficiencies for you device for the waves that will give the most energy at your site. If you look at the waves at your site over some time you might see 6 3m waves and 10 2m waves. That means it is more efficient to optimize your device for 3m waves. (Because 63^(2) > 102^(2)). However the 3m waves occur less frequently. What happens is that the resulting energy produced will have large spikes and will most of the time be relatively low. On average over time your device might produce a good amount of electricity, but it might be concentrated in small spikes.
Now the last part I want to talk about. The ocean. The ocean is unrelenting. It is not a good environment for engineering. Salt water is so corrosive, there are particles, sand, etc. in the water that can clog up your device. There are storms that you need to be carefull about etc. etc. Wind farms and oil riggs have proper foundations in the ocean floor, they will not be as affected by storms and so on. The wave energy converter on the other hand will most likely be floating in the water. You have to make sure that it is ankered properly and doesn't come loose, even in extreme storms. Maintenance for anything at sea is extremely costly. Your device will need maintenance. Waves over 10 meters are not uncommon in many areas. Especially in those areas with a lot of waves, where wave energy conversion is more lucrative. Make sure your device won't be damaged by those.
These are all engineering challenges and for most of these problems solutions have been found. However finding solutions for all these problems in one single idea... I am not sure. Historically one problem of wave power was that during the boom in the 2000s a lot of bad prototypes and bad ideas were created. Many of them were point absorbers, which are simply economically not viable. Projects like WaveStar got a lot of funding but ultimately failed due to bad designs. Nowadays there are much better ideas and more well thought through concepts. But investors are scarce because of past failures. Many ideas can make some scaled models with some success, but it is difficult to get funding for a full scale model, that can finally prove that it is viable to harvest the energy from the waves.
tl;dr: it is challenging and costly to convert the energy from the waves. There are good concepts, but no money right now. Maybe it can change soon, there is still hope, but so far no full scale device has been created.
 

now if you are not satisified after this text, that went on for much too long...
Here are some books if you are still interested:
All you need to know about this topic. Warning very scientific and technical.
Arthur PecherJens Peter Kofoed, Handbook of ocean wave energy
Math about ocean waves and absorption. Johannes Falnes, Ocean Waves and Oscillating System
A somewhat outdated historic overview. David Ross, Energy from the waves


Maybe some project that could be worth checking out (personal recommendation):
http://wavepiston.dk/
http://www.weptos.com/

It's nothing you can't find online, but if you want it all in one book - I'd recommend the Bigger Pockets guys' book. If you don't want to pull the trigger (it's only $22..) read their website and their posts to get a sense of their writing.

http://www.amazon.com/Book-Estimating-Rehab-Costs-BiggerPockets/dp/0988973715

Sell with Soul by Jennifer Allan was pretty refreshing. I have a huge stack of RE books by my desk and that one stood out first.

I'm reading Trumps "The Best Real Estate Advice I Have Ever Received", which is a book with advice from 100 well known and respected Real Estate professionals. In the book, "How I turned $1,000 into a Million in Real Estate - In My Spare Time" by William Nickerson is held in very high esteem. I just purchased it recently and haven't gotten a chance to read it yet, but it's widely considered one of the most practical Real Estate books of all time.

The title of the book has been updated over time to reflect inflation, so now it's 5 million: http://www.amazon.com/Turned-into-Million-Estate-Spare/dp/0671253689

I read the Home Buying Kit for Dummies. Lot's of info there.

Here are all the local Amazon links I could find:


amazon.co.uk

amazon.ca

amazon.com.au

amazon.in

amazon.com.mx

amazon.de

amazon.it

amazon.es

amazon.com.br

amazon.nl

Beep bloop. I'm a bot to convert Amazon ebook links to local Amazon sites.
I currently look here: amazon.com, amazon.co.uk, amazon.ca, amazon.com.au, amazon.in, amazon.com.mx, amazon.de, amazon.it, amazon.es, amazon.com.br, amazon.nl, if you would like your local version of Amazon adding please contact my creator.

The Mortgage Handbook: A Consumer Resource (FP101.net Book 1)

https://www.amazon.com/dp/B07TZHZ3VC?fbclid=IwAR3cjExeu6dku4h5WnWnWRkmaBU27wYVAqwcxAwptyd-Oc06mXwzEXv7Gkw

A friend gave me this book and I thought it was incredibly good. https://www.amazon.com/Mortgages-Truths-About-Buying-Youll-ebook/dp/B06XK2912M/ref=sr_1_1?ie=UTF8&qid=1550872723&sr=8-1&keywords=will+duffy+mortgage

Well, it's good that you're starting young and have cash to invest. I would suggest looking at a variety of investing opportunities to diversify and to study it as much as you can.

Here are some great books that could help you along the way:

- The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Smart Buy & Hold Real Estate Investing

- How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started

And for concise, step-by-step information on the basics of real estate investing, I would recommend this short but helpful guide.

​

Your monthly payments to your co-op will go probably go UP. If it's not your maintenance (which it probably will be rolled into) it will be an "assessment" that is added to your maintenance bill. Usually an underlying mortgage payment divided by shares owned is calculated into the maintenance bill. Currently it is a rent payment that is part of your maintenance. While that will go away a new loan payment will replace it. I doubt it will be less than the rent you are currently paying, otherwise, why would the landlord sell?


You are correct, when you buy a co-op you are not buying real property. You are buying shares in a company. This doesn't change if there is or isn't a land lease. There is NO benefit to a co-op with a land lease over a co-op one without (IMHO, it is a huge negative, actually). In either type, your name will NOT go on anything except your stock certificate. It's the company that owns everything. Your shares just give you the right to live in Apt X. The company owns the apartment, building, and usually the land the building sits on- but yours doesn't. The company is purchasing the land. You purchased a piece of paper.


If you own shares in a co-op which owns the land it is on, you can deduct mortgage interest from your taxes. Your co-op should give you a year end summary of the dollar amount of interest your shares paid for the tax year.


You should get and read a copy of the New York Co-op Bible. IMHO, it should be required reading for any NYCers considering purchasing a co-op. It explains everything quite clearly, including land lease co-ops. https://www.amazon.com/New-York-Co-op-Bible-Everything-ebook/dp/B00GL441AY/ref=sr_1_2?ie=UTF8&qid=1501090936&sr=8-2&keywords=the+co-op+bible

Property Management Kit for Dummies would be a good read if you're new to the business.

Once you've got a foot in the door, earning a CAM credential is highly recommended if you want to make a career of this.

I meant that I saved a quarter of a point on my interest rate, going from 4.125% to 3.875%.

Other posts may speak of 'buying points,' which is a bit more arcane. When buying a mortgage, you can put more money into the sale upfront to buy a lower rate. Keep in mind that those 'points' are actually tenths of a point, or 0.1%.

Here is the link to the mortgage wiki from this subreddit:
https://www.reddit.com/r/personalfinance/wiki/housing

Here is a link to Homebuying for Dummies on Amazon:
https://www.amazon.com/Home-Buying-Dummies-Eric-Tyson/dp/111919170X/

On top of the advice here, I'd suggest getting rid of your debt. Even though I can more than afford my house mortgage, I can find it challenging to get stuff paid off, like a new furnace. or having to replace a car. Debt is like being in a hole of mud and trying to crawl out. And having a home loan and getting sick...and what else could happen.

Anyway, a loan broker can run the numbers, get 30 year mortgage, standard stuff, avoid FHA if you can, fees and all the baggage that follow those loans...

Anyway, Eric Tyson is amazing:

https://www.amazon.com/Home-Buying-Dummies-Eric-Tyson/dp/1118117964

Look for some relevant episodes on the Property Hub podcast or get their book:
https://www.amazon.co.uk/How-Be-Landlord-Definitive-Managing/dp/0993497225/ref=sr_1_1?ie=UTF8&qid=1497438021&sr=8-1&keywords=how+to+be+a+landlord

I bought this book a few months ago and I think it has exactly what you're looking for:

300 Ways to Buy, Sell, or Exchange Real Estate
http://www.amazon.com/gp/aw/d/098951904X

Hope this helps. I don't stand to benefit from your purchase.

Non-mobile: http://www.amazon.com/dp/098951904X

^That's ^why ^I'm ^here, ^I ^don't ^judge ^you. ^PM ^/u/xl0 ^if ^I'm ^causing ^any ^trouble. ^WUT?

Read this book: https://www.amazon.com/Book-Estimating-Rehab-Costs-BiggerPockets/dp/0988973715

You can probably check it out from the library. You don't need all of it, just skip to the chapter on writing a Statement of Work. It will help you communicate with your contractor, and greatly reduce the chance of overages (but you should still plan for them of course).

Other than that, the best thing you can do is network a bit to find an awesome contractor.

for further reading

http://www.amazon.co.uk/Broom-Cupboard-Ones-Own-home-ownership-ebook/dp/B00ALSO7LO/ref=sr_1_fkmr2_2?ie=UTF8&qid=1452967181&sr=8-2-fkmr2&keywords=a+broom+closet+of+ones+own

https://www.amazon.com/Real-Estate-Finance-Investments/dp/0073377333


https://www.amazon.com/Real-Estate-Development-Principles-Process/dp/0874203430


https://www.amazon.com/Real-Estate-Transactions-Finance-Development/dp/1422429865

Happy reading!

https://meetkevin.teachable.com/

A great primer with best practices. Not affiliated with Kevin, but I like his course. Much of the content can be found for free, but his format is very helpful for content absorption.

I bought it to get my wife interested in scaling beyond our current portfolio. Our startegy is buy, rent, and hold, but many principles still apply. We are looking to get into the BRRR

For flipping specific, there are great resoueces to get schooled on flipping

The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties https://www.amazon.com/dp/1947200100/ref=cm_sw_r_cp_apa_i_DWCQDbD0FYHND

Flip Your Future: How to Quit Your Job, Live Your Dreams, And Make Six Figures Your First Year Flipping Real Estate https://www.amazon.com/dp/B07NNH2MSD/ref=cm_sw_r_cp_apa_i_5WCQDbEJ8YB8Z


You might find more ideas on r/realestateinvesting