Its a very comprehensive book detailing why and how to buy income producing property in a step by step process. Definitely is different from the rest of the "no money down, get rich overnight" stuff that is out there.The book uses a mythical 10 unit apartment building purchase as the basis of the book, going from creative ways to write an offer, how to increase the intrinsic value of that 10 unit property (beyond the basic "raise the rent, lower the expenses" mantra), how to calculate cap rates, debt service coverage ratios, etc to knowing when to re-fi, sell, and other good stuff.I can say that I learned 3-4 new things that I hadn't realized before that I intend to immediately implement in my current apartment buildings and in order to pursue other deals.
I'd recommend this book to the "advancing" investor- ie Joe Investor who owns at least 1 rental property and is looking to get into investments bigger than the dup/triplexes but not the humongous 55 unit buildings.
Click Here to see more reviews about: The Real Estate Recipe: Make Millions by Buying Small Apartment Properties in Your Spare Time (Nuts & Bolts Series) (Hardcover)
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