Successful Real Estate Investing: How to Avoid the 75 Most Costly Mistakes Every Investor Makes
by Robert Shemin
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Book Summary Information
Author: Robert SheminEdition: Paperback
Audio: English (Original Language); English (Unknown); English (Published)
Published: 2003-12-29
ISBN: 0471453978
Number of pages: 272
Publisher: Wiley
Book Reviews of Successful Real Estate Investing: How to Avoid the 75 Most Costly Mistakes Every Investor Makes
Book Review: Not enough information.
Summary: 2 Stars
I've just become interested in real estate investing and this is the third book I've read. It's the first one where the author repeatedly pushes his other products as part of the solution for avoiding the mistakes he identifies. It has been helpful to read the short examples he presents, just to have an awareness of these pitfalls, but he doesn't adequately discuss avoiding the pitfalls. I'm glad I borrowed this book from the library before buying it because it isn't a book I feel is worth owning.
More Successful Real Estate Investing: How to Avoid the 75 Most Costly Mistakes Every Investor Makes reviews:
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Summary of Successful Real Estate Investing: How to Avoid the 75 Most Costly Mistakes Every Investor Makes
Successful Real Estate Investing is written specifically for novice investors who want to get started with confidence. It highlights 75 of the most common mistakes investors make and offers specific, real-life strategies for avoiding them. Each mini-chapter covers one mistake and offers pearls of wisdom based both on Robert Shemin's long experience as an investor and on case studies of investors he has met or assisted along the way. For investors worried about making a particular mistake in any step of the investment process, this is the only real estate guide that offers quick, expert guidance on avoiding everything that could-but won't!-go wrong.Successful Real Estate Investing covers these mistakes as well as many more:
- Forgetting to screen all tenants
- Not taking in adequate cash flow
- Missing out on special loan programs
- Not having the proper insurance
- Holding onto a rehab or rental house that won't sell or rent
- Thinking short-term when you should be thinking long-term
- Punishing bad tenants without rewarding good ones
- Failing to establish minimum requirements for tenants
- Failing to inspect properties regularly
But Successful Real Estate Investing is more than just a list of troubles to avoid, it also teaches the most important keys to real estate success: keep it simple, believe you can do it (because you can!), inform yourself so you know what you're doing, and stick with it! With common sense and the uncommon guidance you'll find here, there's nothing standing in your way!
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