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E**K
Great book for those considering investing!
My husband and I currently own 3 rentals: 2 inside my IRA and 1 outside. We bought in 2014/15 when property values were down (& rising) in FL and it has worked well for us. We bought based on gut. This book actually gives us solid info and numbers to consider for growing our portfolio. Mark is an easy going guy who is passionate about this business and that comes through loud and clear.. This book is an easy read, is thought provoking, and definitely helps one formulate their strategy. Check out his blog also. He does answer emails ;).
A**R
Great read even If you already own rental properties
This is a great book. I was afraid it might be too basic as I’ve owned and built rental properties for 14 years. But it was extremely informative. The book gives realistic numbers and provides pros and cons to the many ways to approach this.The book also provided ideas for me to implement on a going forward basis. Things I had never thought of despite devoting lots of time and money to rental property investing.I’m very glad I read the book and highly recommend it to anyone interested in owning rental properties, even if you are already involved in owning and want to expand or just get better at it.
M**E
Great Info, Poor Writing
Pros:Information and content: First and foremost, this book has a lot of wonderful, useful information. I am new to the rental real estate business and this book has given me a lot of good information to help me get started.Online Resources: There are a couple online tools that he mentions in this book that are extremely valuable and are, alone, well worth the price of the book.Cons:Grammar and Syntax: I have never read a more poorly written book. Though Lynda Pelissier is listed as the editor of this book, I am convinced that nobody, not even the author, read this book before publishing. Misspellings, misuse and omission of words, run-on sentences, and just a general misunderstanding of grammar and syntax makes this book extremely hard to read. It feels very much like the author began taking notes for a book that he would someday write then, once he had enough content, just hit ctrl-P and called it good.Redundancies: As a result of an apparent lack of editing, this book has many redundancies. The author repeats himself numerous times throughout the book, occasionally with identical sentences. This 374-page book could easily be consolidated to a 150 to 200-page book with some simple editing.Lack of Entity Information: This is very minor but I wish that the section about using an LLC to hold investment properties included a bit more detail, especially about tax advantages and the use of an LLC versus other entity types. Overall, the section about LLCs is weak.Bragging: This is also very minor – The book could do with a bit less bragging. I’m paraphrasing, but as an example: “You can expect to pay between 8% and 12% for a property manager. I only pay 8% because I’m great and I own a Lamborghini.” ' We already bought your book. You don’t need to prove to us how great you are by telling us that you get all the best deals, etc.Conclusion: It’s a wonderful book with a lot of very useful information. If you are just getting into the rental property business and can look past the minor issues listed above, this is a great book to have.
A**A
com and I really liked the content he was putting out
I started off reading a few of Mark's blog post on investfourmore.com and I really liked the content he was putting out. I liked how his content had real value and specific details pertaining to real estate. From there I knew I had to buy his book "Build A Rental Property Empire" in order to really understand how to build wealth in real estate. This book exceeded my expectations! Mark covers all topics in regards to building a rental empire. He explains why he believes rentals are the best investments, keys to successful investing, how to analyze and run REAL numbers of owning a rental, the different types of rentals you can buy, clever ways to finance or invest with little money down, and much much more. I love how this book is put together in a cohesive manner and straight to the point, you won't have to dig through a bunch of fluff... it's all really good material. This book is a must read for anyone interested in building true wealth through rental properties.
A**T
Inspiring and life changing!
My dad had several rental properties when I was growing up as a kid but I never really knew about the benefits of real estate investing. Over the coronavirus shutdown I wanted to better myself and I read Rich Dad Poor Dad was inspired to start building toward my future. I bought this book and it was amazing! Mark is really detailed and inspired me even further! He has a blog and YouTube channel that I keep up with and I recently bought some more books of his. I’m in college with my major being that of a teacher so I know the importance of passive income. However the more I have read into real estate, the more I believe I have a future in real estate instead. A friend of mine is a realtor and I bought him lunch and talked to him about real estate. It’s Christmas break and I’m off from college and decided to take classes to get my real estate license! I have Mark to thank for showing the benefits of real estate! I read his buying into success book and I really saw myself in the main character Mo. If you find you are still hesitant to get started, I recommend you read that book next for some extra motivation to get started!