We all have to go through this stage. Reviewed in the United States on February 26, 2013. I will definately take this one up again to read some chapters so a 4-star review seems in order for me. CHAPTER 8 THE BIG COMMITMENTYou can make a decision when you know 70 percent of everything there is to know about a property. *FREE* shipping on qualifying offers. I will be referencing back to this book as my rental investments grow. So negotiating based on it is time wasting. While I think the book’s content is well laid out, the assumptions made about who is reading it are disjointed which is where I get the “split personality” description. The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors (Paperback)). Knowledge is not power until it is applied, and through application we get experience, and experience is what gives us confidence. This book teaches people who are new to real estate investing a ton, but what it doesn't let you know early on is that this book primarily focuses on commercial multifamily homes. Once again a book in the RIch Dad series that is geared toward evaluating apartments, NOT single family dwellings. He presents his investing strategy as the only right strategy. This evaluation process does not require a physical inspection. With the advises in that book I have learned a lot about property management and the things a property manager is responsible of. Overall this book is a really good guide on getting started with real est. Read "The ABCs of Real Estate Investing The Secrets of Finding Hidden Profits Most Investors Miss" by Ken McElroy available from Rakuten Kobo. Sometimes I couldn't tell if it was geared toward residential properties like SFH - quads, or large apartment buildings. Goodreads helps you keep track of books you want to read. “Being too far out on the fore front of things can be expensive and dangerous. They are very important. Make sure that the growth of a market or submarket is not too heavily reliant on one thing.2 Economic Diversity.3 Pioneering. I was expecting to learn about duplexes, triplexes, and 4-plexes, but this book is talking about 5+ unit buildings which are a different class of property and are an entirely different type of real estate investing. With the ABC’s term used in the title it would suggest a reader that is less financially capitalized and less biz savvy and likely to be purchasing far smaller properties. If you are interested in buying properties as investments but have no experience and are not even sure where to begin, The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss by Ken McElroy may be a great place to start. 4.7 out of 5 stars 3,019. Fairly decent guide to multi-family commercial properties. I probably don't need an accountant and a tax consultant for buying a duplex. The Book on Rental Property Investing: How to Create Wealth with Intelligent Buy and Hold Real Estate Investing (BiggerPockets Rental Kit 2) Brandon Turner. My feeling is that anyone with enough business acumen and investment capital to leverage a multi unit, larger scale commercial rental property can easily run these analyses for themselves not really requiring this book. Free delivery on qualified orders. Packed with tangible advice that can be immediately put to action! The ABCs of Real Estate Investing is designed to inform any student of finance as well as anyone else dealing with investments. The major thing that the book did was provide a comprehensive amount of detail for multi-family investments. As a bad deal would end up failing which would make it harder to find partners in the future. 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