(Part 2) Top products from r/realestateinvesting

Sure thing. I buy with cash. My capital was built through buy and hold investing with single-family homes. After awhile, I cashed out and went into mobile home investing. For the time being, I buy the individual homes but will be venturing into land. Think the two go hand in hand. I've written extensively about my journey in my blog as well as in my book. Hope that helps!

There are a few schools of thought. On one side is the BRRRR method, where you leverage your properties to build your portfolio. Its riskier, but allows you to build quickly.

Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple https://www.amazon.com/dp/1947200089/ref=cm_sw_r_cp_apa_i_JQSHDbXM4BE7R

The other end of the spectrum is Dave Ramsey's method, of paying cash in full for all your properties. It ties up your cash, but, if the market takes a down turn, you can afford to rent it out for the then market rates. Its far less risky, and slow to start, but most of your rental income is profit. And once you get a few paid for properties, the income starts rolling and you can build as big as you want.

The Total Money Makeover Workbook: Classic Edition: The Essential Companion for Applying the Book's Principles https://www.amazon.com/dp/1400206502/ref=cm_sw_r_cp_apa_i_8SSHDbWCFDPG8


This one was on a list of recommend books

The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Intelligent Buy & Hold Real Estate Investing! https://www.amazon.com/dp/099071179X/ref=cm_sw_r_cp_apa_i_yoSHDbKZR7WT0

This is not a current book but it is still my all-time favorite as far as getting stoked and motivated about WHY real estate works so well for wealth building. My only disagreement is this guy is comfortable with higher debt levels than I am. Other than that, it's an awesome book which explains why and how you should invest in real estate.

(Kindle version is $13.)

https://www.amazon.com/Real-Estate-Riches-Bankers-Advisors/dp/0446678643

Hijacking the top comment to say you really should check out Set for Life: Dominate Life, Money, and the American Dream. https://www.amazon.com/dp/0997584718/ref=cm_sw_r_cp_api_FNjKBb42T04HZ

The strategy u/Gold_Flake is described at length in this book and is described as “House-Hacking.”

You can search “house hacking Bigger Pockets” into Google and get a bunch of great search results that also describe this method.

Good luck!

https://www.amazon.com/Multi-Family-Millions-Reposition-Apartments-Profits/dp/0470267607


David Lindahl. Great stuff.

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!

I agree with /u/dingohopper1 in distinguishing between idiosyncratic and systematic risk. So if you have a ton of money in a single property or location, you have a large exposure to idiosyncratic risk. Efficient markets theory is that you should only receive compensation for exposure to systematic risks - not systematic. The most common / largest systematic risk is exposure to the "g" or growth factor of economic conditions.
Given a large part of the appeal to real estate investing is the possibility of inefficiency, many fractured local markets are less than perfectly inefficiency and you can find a deal.
Reading the book Asset Management: A Systematic Approach to Factor Investing by Andrew Ang, who was a professor at Columbia and now head of factor investing at Blackrock, convinced me to think in terms of exposure to factors, or systematic risks, rather than asset classes such as stocks, bonds, etc. Retail real estate and most US equities both have a large systematic risk exposure to economic growth. Residential real estate, such as apartments has lower exposure to this systematic risk. Thus, in the long run apartments should have lower returns than retail real estate; just as treasury bonds have lower long term lower returns than common stock, with investment grade bonds in between.
In summary: I think it is best to avoid stupid/unsafe idiosyncratic risk such as pledging one property for another ad infinitum by which all your idiosyncratic risks become correlated and you can lose everything. I try to think broadly in terms of the systematic risks I am exposed to. The most common in real estate are: growth, inflation, and interest rates. Your choices, e.g. floating vs fixed, effect your exposure to these systematic risk factors.
EDIT: I agree with Bogle on 4% REAL / 6.5% nominal / 2.5% inflation over next 10 years for US equities. I believe emerging market equities will provide much higher returns. This is due to to the divergence in valuation.

Get an Ozone generator from Amazon. Fill that unit with Ozone for 24 hours. Ventilate.

Ozone works great.


OdorStop Professional Grade Ozone Generator with UV (OS2500UV) https://www.amazon.com/dp/B00NHR6S22/ref=cm_sw_r_cp_api_i_7uWZDbFX72JN4

I did a flip with a clogged sewer line, house smelled like shit. This fixed it.

I use the Schlage Touch on every single unit I own. Tenants love it. I love it. No Keys. No problems!

What you’re actually trying to calculate is Internal Rate of Return (IRR), which assesses the total return of a property against other potential investments.
I highly recommend picking up Frank Gallenelli’s book “What Every Real Estate Investor Needs To Know About Cash Flow...”

https://www.amazon.com/dp/1259586189/ref=cm_sw_r_cp_api_i_u3C7CbS0Y2RVK

https://www.amazon.com/dp/0997584777/

https://www.amazon.com/dp/B000KO6UHS/

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I have not purchased notes, but these are the two books I've heard recommended.

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I would go with something generic like https://www.amazon.com/Real-Estate-Investing-Dummies-Tyson/dp/1118948211/ref=mp_s_a_1_16?keywords=real+estate+investing&qid=1569616009&sr=8-16

I haven't read it yet but I'd imagine Recession proof real estate investing by J Scott would have useful information

Link:
Recession-Proof Real Estate Investing: How to Survive (and Thrive!) During Any Phase of the Economic Cycle https://www.amazon.com/dp/B07QSF3TNY/ref=cm_sw_r_cp_apa_i_mmXQDbK8MNZMX

And if youre looking for reading material, I suggest this book: https://www.amazon.com/Best-Ever-Apartment-Syndication-Book/dp/0997454326

Read this.


https://www.amazon.com/Self-Directed-IRA-Handbook-Authoritative/dp/061587343X

I keep hearing this... so maybe we should revert to a college textbook sort of thing? Then again, it's prob just a DCF model, right?

https://www.amazon.com/Foundations-Real-Estate-Financial-Modelling/dp/113802516X/ref=mt_hardcover?_encoding=UTF8&me=

Read this book: http://www.amazon.com/Every-Estate-Investor-Financial-Measures/dp/0071603271

If you are based in the UK, I read Samuel Leeds' book 'Buy Low Rent High' which can be purchased here. It is extremely informative and the dude also offers video content through his YouTube channel.

He explains several strategies and gives guidelines on what to look for in property investment.

If you do not reside in the UK, I would still suggest reading it because most of his explanations apply worldwide.