Real Estate Book Review: Retire Rich from Real Estate

Marc W. Andersen's Retire Rich from Real Estate: a Low Risk Approach to Buying Rental Property for the Long-Term Investor is a book that keeps coming to mind when I talk to clients interested in owning rental properties.

This is a book that will appeal to even the most serious and cynical of investors out there. Andersen sidesteps issues of quick profits, piles of money, and other "flashy" images and words and focuses on what's important. He uses statistics and real numbers to show readers how buying real estate and holding it - in the words of Warren Buffett "forever" will eventually lead them to wealth. However, the path is not as easy as it sounds and Andersen has no problems telling you of the various pitfalls you will encounter as a landlord.

There is no dearth of good advice in the book related, but not limited to, the common questions most investors would ask if they were serious about their investments, such as:
- do single family homes make better rentals or is better to buy multiple units, or condos?
- should rental homes be located on main streets or tucked away?
- how long should I wait to hear back from the seller?
- what about problem tenants?
- how do I make the most out of the sale of a rental?

I believe that the first six months to a year of owning rental property will usually be a huge learning experience for most landlords. But knowing what you might be stepping into is also pretty good insurance against the biggest disasters.

Read the book. I guarantee you will learn something. Go ahead and click the widget above to get to amazon.com and buy the book! Happy Investing!