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Getting Started in Real Estate Investing »

Book cover image of Getting Started in Real Estate Investing by Michael C. Thomsett

Authors: Michael C. Thomsett, Thomsett
ISBN-13: 9780470423493, ISBN-10: 0470423498
Format: Paperback
Publisher: Wiley, John & Sons, Incorporated
Date Published: April 2009
Edition: (Non-applicable)

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Author Biography: Michael C. Thomsett

Michael C. Thomsett has written more than sixty books on investing, real estate, business, and management. He is the author of several Wiley books, including the eight editions of the bestselling Getting Started in Options, as well as Getting Started in Property Flipping and the two previous editions of Getting Started in Real Estate Investing.

Book Synopsis

A Must-read guide to real estate investing during turbulent times

Given the current state of the economy, you might be asking yourself if right now is the right time to be investing in real estate. With the third edition of Getting Started in Real Estate Investing as your guide, you’ll quickly discover how a combination of commitment and caution can help you make it in today’s market.

Designed for investors who want to get started in real estate, but don’t know where to begin, this reliable resource will help you break into this fast-moving field and build equity the right way. Getting Started in Real Estate Investing, Third Edition addresses everything from selecting the right properties and becoming a landlord to using the proper tax strategies and finding the right professionals to work with. It also outlines issues you must be aware of in light of recent events, including the best ways to finance your real estate investments, considering the status of mortgage financing, and new requirements that may be thrown at borrowers.

The new edition is updated to include information on:

  • Surviving in the post-bust housing market

  • Picking investments with the new credit realities

  • Looking ahead to future housing booms

  • Reading the emerging housing trends

Written in straightforward and accessible style—with a focus on residential and multifamily properties—Getting Started in Real Estate Investing, Third Edition also contains helpful information that will allow you to analyze your financial ability to buy and hold real estate as well as avoid potential pitfalls.

In order to excel in real estate investing, you need to start by defining what you want to do and how much risk you can afford. But ultimately, success depends on making informed decisions about where and when to invest, and Getting Started in Real Estate Investing, Third Edition gives you the tools to achieve these goals—even under the most difficult market conditions.

Table of Contents

Introduction: The Allure of Property1
Ch. 1Should You Be a Real Estate Investor?5
Ch. 2How to Choose Property38
Ch. 3Financing Your Investment58
Ch. 4The Cost of Borrowing77
Ch. 5Tax Benefits of Real Estate102
Ch. 6Setting Up Your Books122
Ch. 7Managing Your Investment136
Ch. 8Analyzing the Market156
Ch. 9Working with Professionals173
Ch. 10Becoming a Landlord190
Ch. 11The Fixer-Upper Market212
Ch. 12Passive Investments224
Ch. 13Other Ways to Invest239
Ch. 14Setting Your Investment Goals246
Appendix255
Glossary269
Index289

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