Vous voulez voir cette page en français ? Cliquez ici.

Have one to sell? Sell yours here
Rich Dad's Advisors®: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss
 
 
Share your own customer images
Search inside this book

Rich Dad's Advisors®: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss [Paperback]

Ken McElroy (Author)
3.0 out of 5 stars  See all reviews (4 customer reviews)

Available from these sellers.


Formats

 Amazon Price New from Used from
Paperback --   -- --
Audio, CD, Abridged, Audiobook --   -- --

Product Details

Product Description

Book Description

Want to get rich through real estate? Then you need The ABC's of Real Estate Investing. It's the definitive guide that will teach you how to find property, evaluate its worth, negotiate the deal and make money in the process. There are no 'get rich quick' tricks on these pages, just proven methods that deliver bottom-line profits and increased property values. -Ken McElroy, Real Estate Investor, Property Management Expert, Business Owner, and Author The ABC's of Real Estate Investing will: * Achieve wealth and cash flow through real estate * Overcome the myths that are holding you back * Find property with real profit potential * Evaluate a property and set your own purchase price * Negotiate the deal based on the numbers * Discover hidden profits in the properties you buy or own * Increase your income through proven property management techniques.

About the Author

Ken McElroy, CEO of MC Management, has over 20 years of real estate experience with 4300 units under construction and management.
See all Product Description
Inside This Book (Learn More)
First Sentence
In every business and every industry there are people who just seem to drip with success. Read the first page
Explore More
Concordance
Browse Sample Pages
Front Cover | Copyright | Table of Contents | Excerpt | Back Cover
Search inside this book:

Suggested Tags from Similar Products

 (What's this?)
Be the first one to add a relevant tag (keyword that's strongly related to this product)
 
(7)
(3)
(3)
(3)
(3)
(2)
(2)
(2)
(2)
(2)

Your tags: Add your first tag
 
See most popular tags
 

Customer Reviews

4 Reviews
5 star:    (0)
4 star:
 (1)
3 star:
 (2)
2 star:
 (1)
1 star:    (0)
 
 
 
 
 
Average Customer Review
3.0 out of 5 stars (4 customer reviews)
 
 
 
 
Share your thoughts with other customers:
Most helpful customer reviews

16 of 16 people found the following review helpful
2.0 out of 5 stars Some good ideas, but generally disappointing, Jan 17 2007
By 
E. Lalonde (Ottawa) - See all my reviews
(TOP 500 REVIEWER)   
This review is from: Rich Dad's Advisors®: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Paperback)
Ken McElroy's "The ABCs of Real Estate Investing", is like many of the books in the "Rich Dad, Poor Dad" series, not so much of a "how to" book, but a motivational book. Chapter 7 does include the fundamentals of property analysis, but McElroy states that "your team members - will either know the capitalization rate for your market or help you calculate it, and that's all that there is to it" (p.115), whereas more complex books tend to go into other analysis formulas like the GRM, the DSCR and how to calculate the capitalization rate yourself. (Moreover, because the cost of funds will affect the NOI it can be difficult to estimate the price of a property based solely on the NOI/Cap. Rate formula)

In the "Myths and Magic" chapter, McElroy suggests that million dollar, multi-unit properties "are within your reach" (p.5) and that "there is little you can do to increase the value of [a single] property." (p.6) McElroy does several things wrong here: first, he does not take into account those who wish to owner-occupy their investment properties. It also contradicts "Cashflow Quadrant" in which Kiyosaki suggests starting with a smaller multi-tenant unit can be a good way of learning the "ropes" of business. McElroy also uses his own example of how investors line up to make deals with him and his partners and how he owns 10 percent of a multi-million dollar project in which he put none of his own funds. This brings me to my second point, which is the other weakness of the "Myths and Magic" section, McElroy fails to elaborate on HOW to put investing teams together in order to acquire financing on these types of deals.
McElroy also suggests researching the neighbourhoods for economic trends and that you can get a satellitle photo and related tax information about just about any property, although fails to mention any source or website other than his own.

Finally, in a more general sense, like many Real Estate books, there is little reference to the Canadian real estate market or taxation rules. For the Canadian real estate investor, I highly recommend "ACRE System" by Don R. Campbell.

All in all, this is a good starting point and is fairly easy and quick to read, but sadly one of the weaker books in the "Rich Dad, Poor Dad" series and like many books, but seasoned real estate related readers such as myself, may find the weaknesses too numerous to be impressed.
Help other customers find the most helpful reviews 
Was this review helpful to you? Yes No


2 of 3 people found the following review helpful
3.0 out of 5 stars Not as good as I thought it would be, Mar 9 2009
By 
Cheryl Rhodes (British Columbia, Canada) - See all my reviews
This review is from: Rich Dad's Advisors®: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Paperback)
I won this book at a Rich Man seminar I attended. It was one of those 2 hour seminars that is to encourage people to sign up for the paid course on real estate investing. I shouldn't look a gift book in the mouth. The book was well written and well laid out, offers lots of good information. However it is more geared to purchasing multi unit dwellings and talks extensively on researching how and when to buy apartment and everything that must be thought through before the purchase. For someone like me who is looking for single family home investments, it was only semi-useful. I was disappointed because I thought more of the things that were touched on during the seminar would be part of this book, but they weren't. The first chapter is very motivational and the balance of the chapters are the how to on purchasing apartment buildings. Not what I was looking for, but the information will be useful to persons with different investing agendas. Knowing what I know now, I'm glad I won the book instead of shelling out money for it.
Help other customers find the most helpful reviews 
Was this review helpful to you? Yes No


3.0 out of 5 stars Wrong order, Jan 14 2011
By 
Garnet Bartlett "JGB" (Vancouver) - See all my reviews
(REAL NAME)   
This review is from: Rich Dad's Advisors®: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Paperback)
I bought the audio book version. I suggest avoiding Audible books, it's a cumbersome interface and one more unnecessary piece of software on your computer.
Help other customers find the most helpful reviews 
Was this review helpful to you? Yes No

Share your thoughts with other customers: Create your own review
Want to see more reviews on this item?
› Go to Amazon.com to see all 87 reviews  4.3 out of 5 stars 
 
 		 Most recent customer reviews


Only search this product's reviews


Listmania!

Create a Listmania! list

Look for similar items by category

Look for similar items by subject


















i.e., each book must be in subject 1 AND subject 2 AND ...

Feedback

Would you like to update product info or give feedback on images?