What are the top best real estate investing books written today?
The Expert answers:
I like the books by Chantal Howell Carey and Bill Carey. Very accurate and very good.
Are there any solid books on Real Estate investing evaluation and Analysis?
I’m looking to learn about evaluating properties for development purposes.
Please don’t recommend stupid books that are “top sellers” by swindlers who write playing to emotions and hopes of instant millions.
What I want is a thick ‘dry’ textbook that will teach me how to evaluate the value of property. Hard core.
The real estate equivalent of “Security Analysis”?
Does it exist?
The Expert answers:
I dont have a specif title for you, but I do have an idea.
Why dont you start you search by looking for articles on the internet about that subject.
This way, you can hunt down authors of your mentioned subject !
Kind regards, LASSE
what are some great books for real estate investing?
im looking to invest in some real estate,but i want to learn as much as i can before hand…….any help would be greatly apprieciated.
im looking to invest in some real estate…basically buy some homes to fix up and resale….also mobile homes and so fourth,…however i want to gain as much knowledge and learn the do’s and dont’s of this field….any help would be greatly aprieciated
The Expert answers:
You may want to start by real estate birddogging. There is an ebook on it at www.reiresources.com
What is a good way to learn about stock market or real estate investing? Helpful books, videos, etc?
The Expert answers:
For Stock Market Investing I like the following books
The Neatest Little Guide to Stock Market Investing
One up On Wall Street
How To Make Money In Stocks
Researching specific topics online that you don’t understand or are more interested in can help too.
whats a no bs real estate investing book for young investors to get started in real estate investing?
im a 20 year old male that wants to invest in real estate and stocks. i kno more about real estate than stock which i kno absoultely nothing about. i need a book that gets right to the point i dont have time to waste i need one solid book for real estate and one solid book for stocks.. answers are needed thanks
The Expert answers:
I am a real estate developer and your question is one that a lot of people ask, but the thing is, there is no single book that can teach you this stuff. A lot of it comes from experience, and despite what you hear or see on TV, it’s not a quick and easy thing, especially right now given the credit crunch brought on by the housing market. If you truly want to get into real estate, i would recommend you signing up for real estate classes and getting your license. After that, go get a job with a commercial brokerage firm or property management company somewhere and learn what it takes to buy, manage and sell property. After you have a couple years under your belt doing that, you might consider doing it on your own, but in all honesty i wouldnt recommend doing it any way other than that. You need time to truly feel out your market and the type of property you would want to invest in so that you dont get hung out to dry like a lot of people who rush in thinking they are going to make millions and instead lose everything. Real estate is a lot of fun, but it isnt a get-rich-quick industry as a lot of people would have you believe. It’s a relationship business! Good luck!!!
What books can you suggest to read for a person starting to learn investing, real estate and business?
I recently read few books for knowledge about investing and mindset toward investing and real estate but I am thinking to gain a lot more knowledge about this area . However to a beginner I do not know where or what books to start reading.
Could you guys help me out?
The Expert answers:
Forget “Random Walk”; it has been totally discredited, most recently by its own author.
Do your own due diligence. Your own ideas are the best. Do not depend on someone else to select stocks for you. Learn about investing so you don’t have to ask what stocks to invest in. Be self reliant.
Remember what Emerson said: A foolish consistency is the hobgoblin of little minds, adored by little statesmen and philosophers and divines. With consistency a great soul has simply nothing to do.
Find stocks that have steadily rising net profits (earnings), low debt, and good P/Es.
What interests you? Find stocks that pique your interest and passion.
You need fast growing good stocks with good earnings and in good sectors. You need to learn more about the stock market before you even think about investing in it.
The stocks world is divided into 12 sectors such as energy which chevron belongs to. It is next to last in the sectors list today.
Technology is numero uno, but within the sector, the fastest growing are computer services, not Microsoft. Then, Electronic Instruments and controls. Next is computer storage devices.
The next hot sector is Healthcare, but heed the warning below. Go here for sectors: (http://clearstation.etrade.com/cgi-bin/Itechnicals?Event=srp&Section=redge&Refer=/redge.html)
The best software is Vector Vest if you can afford it. It has sector investing.
Here is a free Web site for charting stocks: (http://www.incrediblecharts.com/).
First of all, stay away from “professional brokers” and tips coming to you via e-mail or friends and acquaintances. And tips at Yahoo! Answers. Do your own due diligence – don’t rely on someone else. Read Emerson’s essay “Self Reliance.
Hey! They will say anything to get you to buy their junk. If it’s too good to be true, it is.
Remember this, they are just sales people trying to sell you what their firm is pushing. They are not security analysts or financial planners, not even financial advisers. Trust me, I know from experience that they cannot be trusted especially with a million dollars. You risk losing it all. A million dollar account is known as a “whale” and they would love to get their greedy little paws on it and suck it dry. They just want to make commissions on what they buy and sell for the suckers, err…clients..
Risk avoidance is the name of the game.
Remember, the harder I work, the luckier I get.
Penny stocks are great, but highly speculative. I would avoid the ones under a dollar a share. For example, Best Buy started at less than $5. So there are some good companies, but it takes a lot of digging to find the good ones. You are looking for companies with good earnings, little debt, low capitalization, and good P/Es. For stocks under $5, very few will meet these requirements.
Stay away from the pharms unless they have patented drugs – do not invest in generic pharms, no growth there.
Check out which business sectors are the most popular and invest in the companies in those sectors. The number one, two and three are: technology, health care, and cyclicals (retail). These change periodically so keep current.
Go here for a list of growth stocks: http://www.thestreet.com/_googlen/newsanalysis/ratings/10345212.html?cm_ven=GOOGLEN&cm_cat=FREE&cm_ite=NA
There are these lists all over the Web – you pays your money and takes your chances.
Watch CNBC, but don’t pay too much attention to the talking heads, except for Jim Cramer, the wild man – but he tries to teach you how to invest and has some great advice.
Get Jim Cramer’s Real Money: Sane Investing in an Insane World by James J. Cramer
Listen to Jim Cramer on CNBC.com
Go to Clearstation for quotes and tutorials on investing at (http://clearstation.etrade.com/). Sign up is free. Look up a few stocks. Do their tutorials. Check out the sectors.
Get this book: Value Investing: From Graham to Buffett and Beyond (Wiley Finance) by Bruce C. N. Greenwald, Judd Kahn, Paul D. Sonkin, and Michael van Biema.
Another good book: The Motley Fool Investment Guide for Teens: 8 Steps to Having More Money Than Your Parents Ever Dreamed Of (Motley Fool) by David Gardner, Tom Gardner, and Selena Maranjian
Jim Cramer’s Mad Money: Watch TV, Get Rich by James J. Cramer and Cliff Mason
I Want to Make Money in the Stock Market: Learn to Begin Investing Without Losing Your Life Savings! By Chris M. Hart
Sensible Stock Investing: How to Pick, Value, and Manage Stocks by David P. Van Knapp
Stock Investing For Dummies (For Dummies (Business & Personal Finance)) by Paul Mladjenovic
All About Stock Market Strategies : The Easy Way To Get Started by David Brown and Kassandra Bentley
The Motley Fool Investment Guide and their Web site (http://www.fool.com/).
The Little Black Book of Microcap Investing: Beat the Market with NASDAQ/AMEX Microcap Stocks, OTCBB Penny Stocks, and Pink Sheet Stocks by Dan Holtzclaw
How To Make Money In Stocks: A Winning System in Good Times or Bad, 3rd Edition by William J. O’Neil
Trading for a Living: Psychology, Trading Tactics, Money Management by Alexander Elder
Big Trends in Trading: Strategies to Master Major Market Moves (A Marketplace Book) by Price Headley
Extraordinary Popular Delusions & the Madness of Crowds (Paperback)
by Charles Mackay (Author), Andrew Tobias (Foreword) This book talks about the Tulip craze in Holland where people would mortgage their homes to buy Tulip bulbs. Same thing happened in 2001 – 2002 with the Internet bubble that brought the stock market to its knees. The dot com companies were the Tulip bulbs.
Buy Investors Business Daily. It has lots of tutorials and I like it better than the stodgy Wall St Journal.
Money Game by Adam Smith
Common Stocks and Uncommon Profits and Other Writings (Wiley Investment Classics) (Hardcover)
by Philip A. Fisher. Recommended by Warren Buffet who took $100,000 and grew it to $34 billion!
Value Investing with the Masters by Kirk Kazanjian
Valuegrowth Investing by Glen Arnold
The 5 Keys to Value Investing by J. Dennis Jean-Jacques
The Intelligent Investor Rev Ed. (Collins Business Essentials) by Benjamin Graham. Warren Buffet was his student at Columbia.
The Money Masters by John Train
The Bogleheads’ Guide to Investing by Taylor Larimore
Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor by John C. Bogle
Why Smart People Make Big Money Mistakes And How To Correct Them: Lessons From The New Science Of Behavioral Economics by Gary Belsky
Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week! By Phil Town . See his Web site at (http://www.ruleoneinvestor.com/). Free sign-up. I got the book at the library.
Listen. You don’t have to spend a lot of money on these books – most can be found at your library and those that your library doesn’t have they can usually get from other libraries in your state.
Most of these books talk about stock and mutual fund investing, but for a good introduction to other forms of investing Gerald Appel has a great book called Opportunity Investing – How to Profit When Stock Advance, Stocks decline, Inflation Run Rampant, Prices fall, Oil Prices Hit the Roof and Every Time In Between.
First, Break All the Rules: What the World’s Greatest Managers Do Differently by Marcus Buckingham and Curt Coffman Not a book on investing, but it’s a nice segue into the next book.
Now, Discover Your Strengths by Marcus Buckingham and Donald O. Clifton
Go Put Your Strengths to Work: 6 Powerful Steps to Achieve Outstanding Performance by Marcus Buckingham
Finding your strengths is important when investing. These books teach you to build on your strengths, what you a good at. Everyone is good or passionate about something. Why not get better at what you are good at?
Another good book is: Opportunity Investing: How To Profit When Stocks Advance, Stocks Decline, Inflation Runs Rampant, Prices Fall, Oil Prices Hit the Roof, … And Every Time in Between (Hardcover)
by Gerald Appel
Most mutual funds do not even keep up the the return on the S&P. That’s like 99% of them.
Vanguard Index funds are a no brainer.
A CD is better than a savings account. They range from six months to several years. You cannot touch your money tho until the time limit is up.
Check out this Web site on Direct Investment Plans where you can buy shares directly from companies: (http://www.fool.com/School/DRIPs.htm). Usually no fees and you can buy one share at a time.
Bonds are probably the safest. You might try a bond fund. They might return 5 or 6 percent. At 5% a million would return $50,000 a year – not a bad income. Remember, you have to pay taxes on the $50,000.
There are also municipal bonds and the income from them is taxfree especially if you buy them in a state that offers them, but they only pay about 3%, but it’s mostly taxfree.
Look into Fidelity sector funds. Buy the top three, then in six months look how they are doing and if not so hot, select the next three that are best. Do this for a few years and you will make lots of money.
Kindest Personal Regards,
Site Build It Certified Webmaster
P.S. This is a life-long learning process. Reading these books and applying the rules to analyzing stocks that may be good It takes time. Be patient and keep reading and listening. Don’t be a sucker and follow someone elses advice. Be your own man or woman. Depend on no one except yourself. You can only get smarter and stronger that way.
P.P.S. Internet has lots of good stuff, for example (http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_average_conve
Stockcharts.com is very good and their discussion of MACD is one of the best, barring its originator, Gerald Apple, but now we are getting into Technical Analysis and that is not for beginners. But it is an important factor in finding good stocks that are going up and growing. Remember, tiny acorns grow into mighty oaks.
Will books about Real Estate Investing published in 2003 to 2005 work in today’s market?
I want to start another revenue stream and real estate makes the most sense to me. I don’t know jack about investing in real estate and want to read a bunch of books on things like options, notes and leasing before I buy my first real estate investment.
As a stock market investor the rules about how and who can do margin, short, put, or calls on a stock have changed A LOT since that time and most of the books written about exotic investing in the stock market in the same time frame aren’t worth the paper they are written on.
Has real estate investing changed that much too?
And if it has which books are the best to read?
I am NOT going to be flipping property. I am looking for apprication and cash flow. If this helps.
The Expert answers:
Since those books were written during better times -much of their advice wont apply.The days of quick big buck flips are gone. Right now it is a market judged soley by the individual…Some say its bottomed-out-others say not yet…The only thing I can suggest is watch the market in your area to see what things are selling for to get a feel..,the only thing i am comfortable with right now is rentals that cover the mortgage and pay for themselves over time,,,basically long term investments….If we knew where rock bottom was we can be rich…I don’t see it yet–there are too many foreclosures out their that continue to drive values down.
Any good books about investing real estate?
And also good advice? Me and my boyfriend bought a home for the first time last year, a fairly new, 3 bedroom, 2 bathroom, manufactured home on 2 acres of land. Knowing what I know now, I probably wouldn’t have chosen this place, but you live and learn. I have been reading up about real estate investing and it is very interesting. The next time I buy, I’ll be looking to make a profit. I was thinking that it may be better to buy a foreclosure (decent, not trashed) and fix it up. So any advice or tips would be greatly appreciated, thank you.
The Expert answers:
I find the the books for dummies series pretty good. Try to get one that’s all in one so you can also learn things related to investing .
I would like to get into real estate investing. I read the books and still I’m unsure what what I need to do..
I want to be a real estate investor full time. Can someone help me or put me in the right direction so I can get started on my life change. I feel that I am not ready, the books and the website don’t tell you what to do or how to do it… Everything I read is very vague and not reassuring. Are they any investors out there that can help direct me or tell me what they did to get started. I have never bought a property before. Serious answers only please.
Also, another question. Are real estate investor schools real or a way for them to make money and hold you back. The schools that I am talking about are.
Investors United School of Real Estate – www.investorsunited.com
Nouveau Riche University – www.nruniversity.com
and Trump University – www.trumpuniversity.com
I some people are saying these are scam schools and some are saying their great…
Any one or any investors that can provide answer I would appreciate it very much. Thank You.
(serious answers only)
The Expert answers:
There are only three things that you need to know about real estate investment: location, location, location. While we have all heard this we can now see in the market how true it is. If you are looking to invest in real estate you need to ask why you want to do this. If you are looking for making rental income and live off that then you need to find a place that has good tenets. If you are looking to flip properties I think that this is the wrong time to get in the market. Many houses are going to need to go threw a correction in price before they will be good buys. If you are looking to just hold wealth then you can look to buy yourself a house. There are many ways to invest and the number one thing to know is you market. The best way to learn is get a mentor. Find a person that has invested in the area that you are looking to invest. Talk with some appraisers in the area. You may need to pay a fee but if you aren’t paying them based on if you buy or not you will get less biased answers.
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