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Review Of Must-Read Books For Real Estate Investors

Highly profiled authors with vast knowledge and experience in real estate investment have revealed some uplifting insights that could change the fortunes of both savvy and novice investors. Their bags of rare tricks cover the entire scope of the sector including clever ways of purchasing, strategic ownership, management and sale of property. Remarkably, the texts are factual, detailed, but easy to follow. The books are numerous, but the following four real estate books could suffice as a representative sample of the entire lot.

1. How To Be A Real Estate Investor

wu7wwgo43wsAuthored by Phil Pustejovsky, this book is a rare gem that sheds light on how to make fast money and build your wealth through strategic investment in real estate. Pustejovsky introduces the book by narrating how he quit his employment from a Fortune 500 company to pursue his long-term passion for the sector. Every investor must read the whole book, but with special attention on Part 4 of the book, which focuses on advanced investing techniques. Its language is modest and very easy to follow.

2. The Real Estate Investor’s Handbook

This book written by Steven Fisher provides multiple ideas and case studies to help the reader to optimize on opportunities and overcome the common obstacles that beginners face in the sector. Some of the areas that receive special attention in this book include finding below market deals, managing rental properties, lease agreements, foreclosures and performing essential mathematical calculations. In every respect, this book brings you very close to the promise of financial freedom.

3. Real Life Real Estate Investing

In this book, the two authors, J. Elaine Taylor and David Blum unite their knowledge and experiences in investing and brokerage respectively to guide their readers on the specifics of property management and how to avoid hidden mistakes in this sector. The author debunks the random myth that investing in properties is easy and may not require effort and resources on the part of the investor. However, the book guides you on the unexplored areas of the industry, which seem to be hidden in plain sight.

4. The Part-Time Real Estate Investor

er843uweiojg3yerwsThis book written by Dan Blacharski ranks highly on the list of the must-read books for real estate investors. It takes care of the interests of many people who wish to try their luck in this sector without giving up their day jobs. The author informs the employed category that they can still make some modest money in the sector without being physically present. According to the book, one defining advantage of investing in properties is that your money continues to grow without your hands-on approach.

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Ways Real Estate Can Make You a Multi-Millionaire At 30 Years

Who makes more millions in the world? Honestly, real estate would claim the top spot on that list. Investing in property is not just another business but a way that can mint millions for you in a short time. Some call it a cash cow, and you would totally agree with them if you choose this path.

So if you are wondering on ways real estate can make you a multi-millionaire, here are four ways for your heads up;

1. Tax benefits

we43784wy34erwReal estate investors are not subjected to the usual taxing system that everyone else has to go through. The income they generate is not counted as self-employment income. This means there is no tax on that. Any accruing tax is offset by depreciation deduction. With no tax on your neck, you can save a lot and reinvest. The chain goes on and before you know you are the newest millionaire in town.

2. Consistent cash flow

Once you are done with settling the initial investment cost, you are only left with money in your pocket. The good news is that it does not take you long to break on your investment and once that happens you will be all smiles as you head to the bank.

3. Equity appreciation on the loan pay-down

Assuming that you invested in your property using a mortgage, your equity will be increasing every time you pay back your loan. By the time you pay it all, you will be worth more than you started. Given that your property appreciates during the payback then you will be a lot more worth than where you started. This is an easy and fast way to score more bucks from what in the first place did not belong to you.

4. Property appreciation

wu437weuisyuegt4ewt44This is the goldmine when it comes to making money in real estate. If you had a good eye to land a property that will appreciate over time, then you are on your way to becoming a millionaire. Depending on where you invest, a single property can appreciate over four times in a period of one year. If you had invested in more than one property, then your money will be multiplied by the same margin. The longer the appreciation continues, the faster your way up to the millionaire league.

If you had any desire to become a millionaire faster, you now know where the real money is. You only need to master the real estate climate, and you will be brushing shoulders with moguls you only read about.