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When you open a book and there is a grammatical error in the first paragraph and then every paragraph in the introduction without exception it doesn't fill you with confidence. However, not everyone's first language is English and it doesn't mean it there is no useful information, although the author's name is supposed to be Christopher Franklin. This is confusing as in the first chapter he starts calling himself Brandon while having breakfast at his favorite place a Chinese buffet (really? for breakfast?) with his best friend Jane, joking about their crazy girlfriend's. "Two 18-year old boys from the Midwest usually talked about sweets and chicken. Cooked rice, jam, wontons.." WTF, no eighteen year old boys I know talk about this, but hey-ho. Then this paragraph "I think it's no secret to rent real estate. Of course, it might be interesting to return to the wholesale market. There may be fewer tenants with invoices and liens. It is a know fact that the stock market is well known. But rent is my real hobby."(sic) Total drivel. Everywhere is full of padding and repetition. By now I had no confidence that the supposed author knew the first thing about real estate and I certainly wasn't going to read the rest of the mangled prose. In fact it is so bad it reads as though it was produced by a word spinning algorithm, I wouldn't be surprised. Whoever published this book should go back to the day job.
Rental Property Investing 101: What Beginners Should Know offers good tips on investing in rental real estate to build a high-quality investment portfolio. Although it covers everything from finding property to obtaining financing, it didn’t include information on finding and maintaining tenants, which I thought was odd.
I found this to appallingly written with obvious mistakes. For instance, the book is attributed to Christopher Franklin, but the author refers to himself as Brandon throughout. Furthermore, sentences like this (“I will never forget the nine words printed in red ink: ‘There is no ordinary life’“— that’s five words and not nine) and this (“I would also like to say that for those who are concerned, the decline in the real estate market in 2007 is foreseeable because one of the characteristics of the real estate market is that the hopeful cycle will never disappear.”— Huh? This sentence actively contradicts itself.) make me think that no one read this before it was released.
The book follows a simplistic approach that is easy for beginners to comprehend and apply the concepts being discussed. The content is also divided into sections, which make it easy to understand and helps to break the monotony. By reading a couple of books by the author, I have come to realize that rental property is not as difficult as I previously thought. All along, I expected it to be an area for the investment experts only, but the book has shown and proved to me that I am also equal to the task. In addition to providing me with a ton of informative content, it also opened my eyes and inspired me to venture into the rental market sector to help in building my wealth. I have decided to venture into it as a side hustle to increase my money flow and help to save for the kids’ education and my retirements. For beginners hoping to learn more about rental property investment, and even for those who are already in the field, I believe this book would be a great resource to have by your side.
Rental property investment has become a booming business which guarantees investors of great returns. It is one of the most secure means of acquiring wealth, hence it is worth every penny put in by an individual. This book enlightens readers of the tremendous benefits of investing in rental property, and presents knowledge on how to successfully be an investor in the sector. The author informs readers that rental property investment is a venture that any interested individual can dedicate him/herself to. Moreover, he shares his knowledge in the sector in detail yet elaborately. The author includes special tips and pieces of information that act as a lighthouse for potential investors. These include the basic building blocks of real estate, and pieces of advice on how to be a good and successful investor in real estate. This book is therefore a very helpful guide for readers interested in rental property investment, giving insight to even those who may not know where to start.
Well written and optimistic. There can be pitfalls to real estate investing, yet they are only lightly touched upon in this book. It is true real estate is very rewarding, provided a good amount of forethought is given to the matter and contingency plans are at the ready. For the long haul, investing in such is very rewarding, and this book takes every opportunity to point out such. To be a landlord, a certain persona is necessary in order to deal with tenants and the unsuspected problems that inevitably arise. Being one who dabbles in the real estate market myself, I give this book my thumbs up and recommend the strong of heart to perhaps give such investing a try.
I read Rental Property Management and thought I'd give the the Income companion a read. I am glad I did. As stated in other reviews there are some inconsistencies in the text but, overall, this book does a good job in walking the reader through the investment process in an easy-to-follow manner. I appreciated that this book covered many potential hazards and how to overcome them. If you are thinking about real estate investing, this is a good place to start educating yourself.
Much of the information in this book is common sense and will be useful to beginners who have never owned a home but might not be advanced enough for people with some experience with buying houses. However, Chapter 6 gives some really good information about how to fix issues with potential homes that may make them less appealing to other buyers and therefore easier to get for a low price. That chapter along is worth the investment of the purchasing the book.
I wish I had read this book when I bought rental properties while in my 20's. I didn't have the ability to repair or the understanding to hire people correctly, when things went south on my property. So my experiences were dismal failures due to my ignorance. In the world we live in when you retire you will need either rental property or a really solid 401K, unless of course you inherited money or sold a business. Being poor when old is about the worst fate that you can have.
This book is a good narrative on buying real estate, but the sections to divide the information are vague distinctions and often the information feels disorganized and without actionable steps. If you’re just interested in the concept and want a basic overview rather than a full action plan, this is the book for you.
Great book. I knew some things, and I learned a few things. The best tips I got, though, were in the negotiation chapter. Negotiation is my weakest point and pointing out when to negotiate and how, and what to ask for, and all the other tips were spot on for me! Worth the read for beginners.