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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.
Public Comments
- 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.
- Cash Flow and equity buildup on investment properties is the game today. Check out REIN and investment group for interesting information http://www.myreinspace.com/forums/index.php?act=idx
- This market is so unpredictible, I don't think so.
