The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss by Ken McElroy (2004, Paperback)

First, I was a bit skeptical because although I really liked the Rich Dad series, I thought it was extremely light in the "how" department. Everything he said made sense, but how do I do it? Well the ABC's of Real Estate Investing will take it to the next step and tell you how.

I listened to the audio book version but I'm sure I'll buy the regular book as well because there is just so much information in this book, especially the checklists. Ok, so why is this book great? Because it's written by someone who actually did all this stuff and is successful. He uses real examples from properties he's owned in the Phoenix area. I lived in this area for 9 years, and I can say everything he said about it made a lot of sense. You don't need to be from Phoenix, I'm just saying that I think the author really knows his stuff.

ATTENTION! Here is a one thing you may or may not like (judging from other reviews): This book uses multi-family (apartment buildings) in all the examples. They cost millions. So although on one hand he makes it sound easy enough that I could do it, I'm not comfortable going after a two million dollar property for my first one! HOWEVER, I think everything he said would apply to an individual family home as well. This didn't bother me at all, and if I ever get a chance at a multi-family unit I'll have more confidence to do it.

If you listen to the audio book, the author reads it himself. Something I really enjoy. I don't like some guy reading as fast as he can, Ken McElroy reads it as if he's sitting next to you telling you face to face. While some of the phrases sound a bit corny or even fake, "Now we don't want any surprises do we?", I think it gives his reading a bit of charm.

Overall, not the only book you need but definitely one of the best I've seen. Great job Ken! Now if only the original Rich Dad series was this good! ;)

Wonderful book for learning the language of real estate investing; it walks you through the process of acquiring a property step by step. It has opened up a whole new world for me.

It's a good start for all interested in Real Estate. At least you should notice that McElroy is an expert in the area of Real Estate Management and he knows how "It works". He really can get you interested into the branch.

I received this book 2 days ago, and I have already finished reading it, there is a wealth of information here, for those of you who are thinking of going into real estate I advise picking up a copy. It is clear and concise as can be, and really easy to read because the font size is a little larger than normal. The book is based on Robert Kiyosaki's Business-Investor Quadrant. I highly recommend it to anyone looking into owning a real estate company.

thanks

savannahtreasures248

solid information if your ready to start investing apartment buildings,, i wish he went into a little more detail as to how to go about doing things, like research but other than that it's a good book.