Great Book!
This is a book I find myself returning to time and time again. The insights are multi-dimensional; and every reading is a fresh experience. Contains a lot of insiteful information for the beginner investor mostly; but also for the experienced investor. I recommend this book.
Good Beginner's Guide
Robert Irwin has written a good book on how to get started in real estate. His beginning story with Leslie, David, and Leo really simplify the thought process of investing. It was a great idea to use one's first residence as an investment property. This gives a fresh outlook on real estate investing. Now real estate could be purchased on 2 fronts. He gives good points to the beginner which seasoned investors may already know. Unfortunately he only scratches the surface of real estate without giving real world examples and numbers. All in all the tips and traps illustrations should serve as a good outline to all real estate investors.
He definitely followed the KISS (Keep it simple ...) acronym and it is a refreshing read.
Very thorough survey of a great investment strategy
Irwin describes in excruciating detail how the steps to take to get started and maintain a real estate portfolio. Evidently, he's written 40 books and it makes sense because he's extremely knowledgeable. He goes into the ins and outs of looking for the right property and buying it with the help of "the right agent." He even describes what the "right agent" looks like: middle aged, honest, pleasant... Irwin writes about the tax benefits and the prospects for good tenants. There are some great tips throughout (he describes Fannie Mae and other real estate institutions and terms) but there's nothing too clever- all of the information is basic and straightforward (nothing clever like another book I just read ("How to Take Advantage..."by Morse). It's a great read, but if you're looking for inspiration to buy a house, look elsewhere like Bach's "Start Late Finish Rich" for women- this book doesn't say WHY you should buy a house.
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