This weeks post is about research when starting real estate investing. Having prepared, and knowing how you want to invest, you need to know how the math works. Now we know that everyone hates math. The good news is real estate math is all very basic. As an example, there are several numbers that stay virtually static in real estate investing. Every market in the united states (with VERY few exclusions) qualifies for a 3% depreciation tax write off each year. Static numbers are great in investing because they are virtually guaranteed and anyone familiar with investing can tell you its all about the risks. Appreciating is also standard per market allowing the establishment of a value curve. You also have the mortgage payment offset by renters with typically low turnover. Yup, were fans of real estate investing around here! On to some additional resources. Also, don’t forget to contact me if you have additional questions. An investment Realtor is still better then any other forms of research, and we’re entirely paid by the property seller! Free resources are certainly the best!
- Bigger pockets guide. A great starting point if your a reader, the bigger pockets guide gives you a comprehensive overview of real estate investing, as well as the “working parts” of owning a property. Not bogged down with tons of numbers, this book is more designed to explain the research process and procedures of real estate investing.
- Think and Grow Rich. This philosophical book helps break down the more complex concepts of real estate investing such as ROI, Appreciation and depreciation, and spreading risk across multiple properties. It is a very insightful read!
- The millionaire Real Estate Investor. This is a wonderful book that takes the next step past explanation, to expansion. Designed for the already invested, this book helps you assess the validity of expanding your rental empire! This book is also wonderful for helping expand your investment horizons, and start thinking even longer term for your expansion goals.
- See you at the Top. An absolute classic, Zig Ziglar wrote this amazingly inspiring read years ago. While not strictly linked to real estate, it is a book designed around living better and achieving success. We all make tones of decisions in our lives for better or worse. The motivation for our decisions (morality, emotions, circumstances) can all be manipulated by our moods and motivations. This book will absolutely change how you evaluate important decisions in your life. When you are looking to invest in real estate or any endeavors, careful critical thinking and self consideration should both help point you in the direction that is best for you and your loved ones.
There are tons of other real estate guides and advice books available online. This is just a taste of what is available. Real estate research is a large series of steps, and there is advice and support for each different step. As you become more prepared to invest in real estate, and you move steadily up the stairs, we will be here to help and guide you toward your plan for success. And we will see you at the top!