This is the first book in the Rich Dad series that actually tells you how to find, buy and manage apartment complexes. The author writes the entire step by step process of locating a good market and a good deal.

The disadvantage is that the step by step process is written in paragraph form, not outline form, so that makes it a little harder to go back and find the step you are looking for after reading the book.

This was a thorough book. The author has real-life experience doing exactly what he writes about. He gives excellent advice on how to find the diamonds in the rough, and how to do 99% of your research BEFORE you spend a dime. I recommend this book to anyone in the industry. Fabulous!

Very simple to read and understand. Practical sound writen plans for real estate investing. Do recomend this book for any one interested in learning the real life basic's in begining real estate investing as a business small to large. Realistic reading of expearance. Made very good since. A straigt forward book of good information.

The book was very clear from beginning to end on how to invest in Apartment Complex's! It was step by step and logical. I would feel very comfortable using this book as my sole reference in evaluating and purchasing apartment complexes!!

Rich Dad Poor Dad was great...this is not.

The title of this book is totally misrepresentative of the contents. This book is about buying huge apartment buildings all over the US. Not what I would call ABC's of real estate investing. Furthermore, if you are buying apartment buildings then you are probably too advanced for this book anyway.

The book is very basic and is easy to read. If you just want to get excited about the idea of real estate investing jump in.

If you want something to actually teach you about real estate investing grab a book like "Investing in Real Estate" by McLean and Eldred. Also check out the podcast "Get Real, Real Estate Investing for the Rest of Us".

If you are serious about investing in real estate and/or making money at it, then you must read this book. Anything associated with Robert Kyosaki is worth reading.

This is an awesome book all around. I can't recommend it enough. I didn't think I would get very much info. from this book since I have closed a few deals myself but from the very beginning I actually learned a few things (much to my suprise). It's easy to read, no fluff, and flows nicely. The author also has a very good chapter on Goal Setting in the very beginning that wouldn't be bad if you just bought this book for that 1 chapter. It's a very good book all around and if your thinking about getting it go ahead and make the purchase it'll be money well spent.

True to the Rich Dad Poor Dad template, this book consists of two books in one. The first half is general and non-specific in nature. It's purpose appears to motivate the reader to be open-minded to the message contained in the second half. The long awaited second half is a general guide to analyzing multi unit housing with an eye toward ascertaining cash flow to establish the proper purchase price. For the new investor, the exercise is useful in bringing financial analysis to the decision making process.

This book has a lot of good examples of maximizing net income. This is a more realistic view of building real estate wealth and diminishes the claims of the get rich quick programs. Emphasizes the importance of research as well as how to spot potential 'surprises.'

The book will guide you on the qualification of a good investement to cashflow based on the Net Operating Income, and also how to use the Letter of Intent to purchase.

I purchased and read this book after hearing an interview that talked about Ken's next book in the series--the more advanced version of this book. I've been a real-estate investor for some years and along with my two partners we own 1800 units in three western states. I've never before read an investment book that I didn't have some major disagreements with before reading this one. Actually, the only thing surprising to me was that Ken doesn't provide emergency lock-out service for his residents. We do, but many things in this business are counter-intuitive. I'd like to know his reasons. It's too bad he doesn't have a blog--and even though I'm not reviewing his personal website, he needs an update including downloads of the forms he promises to have available there in the book (they're still coming soon according to the web-site, but it's 3 years since the book came out).
There seems to be a lot of confusion among the reviewers as to who this book should appeal to. I think to all: from beginner to seasoned investor. Some who feel it doesn't address them in the reviews haven't paid attention. Buying single family homes and renting them is speculation. Small mom and pop rentals are also not investing any more than is flipping homes. I've watched these speculators come and go over the years--good luck to them they'll need it. Meanwhile if you're an ambitious 20 something who wants to go into real-estate who doesn't have the money, go to work for someone like me, or if you like more structure, for a large property management company and learn the business and you'll find lots of money available to you. If you're older, like I was, find some partners, take the risk and plan to work.
A saying I've always remembered is: Wise men learn from others' mistakes, fools from their own, and the rest just don't learn. I've always aspired to be at least a fool, but I wouldn't hesitate to learn from the mistakes of others. I recommend the book.

Book is a good read, but I felt I needed more concrete answers to my questions. Maybe more strategies or specific steps to take in different scenarios.

I have found another book that answered my questions and had more strategies to share. Bubble Proof: Real Estate Strategies that Work in any Market by Tonja Demoff. Great read!

Author spends a lot of time telling you he will discuss it in a later chapter. Overall a decent book with relevent information.

If you are serious about investing in real estate,then this is the real estate "Bible" of investing.

This book was an excellent primer in Investing in Real Estate. I was extremely pleased with the easy to understand material, and guidelines it provided me on the subject. I would highly recommend it to anyone that is serious about investing in real estate.

This book is OK. It's mainly about buying rental property though. It also didn't get into finding investors and the financials enough. Alot of it is about hiring a management company, etc. To me that stuff seems like a no brainer. I would rather know about the financing. It does talk about the profit/expense formulas.

The content of this book mainly deals with buying apartment buildings. Although this is a profitable way to invest in real estate, it is not a book for beginners. The author talks about how he and his company search many locals across the country in finding good deals. This does not apply to the new or relatively new investor who doesn't have the time or resources to search the country. Most new investors start with single family homes in their own neighborhood, and this book competely glosses over this starting point.

This educational book gave us the information we need to begin real estate investing. It's explained in a way that's easy to understand and having it on CD made it enjoyable to listen to together during our travels.

Investing in real estate and especially in apartment buildings can be a scary and overwhelming endeavor. Ken McElroy provides an excellent book that is both very easy to follow and a great introduction without inundating the reader with too many details. This book does not represent the sum of all knowledge for investing in real estate (it is only A through C), and should not be taken as such.

It was a great book to read and has piqued my curiosity and interest to learn more. Thanks Ken.

I am new to real estate investing. I messed-up my 6th investment for failing to read this book. The concepts, techniques, & its practical application are very informative. I initially could not believe how simple the reasonings behind the investing (buying) process and how it really makes sense. The buying techniques simultaneously serves the seller & buyer's point of view. It definitely sharpen my concepts about investing.

The book does not offer the stages of "how to". Instead it offers multiple priceless concepts, the "principle of buying it right". This is the part that anyone needs to anchor their investment correctly, to momentarily get the desired rate return & eventually to sell it correctly. The methodology & principles introduced alone are already worth more than the price of the book.

Anybody can follow through this book regardless of the level of real estate investment skills. The math side is so simple (very little) that anybody can easily follow.

Whether you plan to invest in single homes or multi family, you need to read this book first. Believe me it is worth your money, attention, & time. I highly recommend this book.

This book is strictly about investing in rental properties. The author provides an overview of the process, but not much detail. I'd like to know how the author got started in real estate investing. What processes did he go through? How did he make his way to owning/managing million $ properties? This book is fine for a quick read which highlights the real estate investing process, but will leave you hanging if you want to become a serious investor.

I love the way Ken McElroy lays the audio out in this book.
Very, Very easy to understand and is a step by step process. So you can make a checklist and take one action at a time.

He mainly covers apartment complexes as his personal choice of investing.
Fine by me, I am motivated now and know what to ask for when acquiring a building.

This book was an easy read. Like the two other books that I just finished reading from the Rich Dad series, this one does not have much substance. This book does a great job of convincing the reader of how great real estate investing is. However, it is shallow and does not give enough advice on how to actually get started in real estate investing. Do not waste your time and money on this book!

Being the first book I read on the topic of real estate investing; and being a beginner in the real estate market, I found this to be easy reading, enjoyable, and simple enough for the beginner to comphrehend all the topics and concepts discussed.

I highly recommend this book to anyone wanting to enter into the real estate market.

Unlike many of the Rich Dad books, this one's OK (based on facts and not full of dangerous or outright illegal recommendations). It gives a decent overview of how to evaluate good vs. bad investment opportunities. It recommends a sound, logical strategy for negotiating with sellers (i.e. disregard the seller's asking price and calculate what price makes sense before you make the offer.) However, this book is not comprehensive, and you will need to do further research on specific topics--e.g. buying "leper" properties (probate/foreclosure/title problems/etc), commercial vs residential, buying for short-term (flipping) vs long-term (cash-on-cash return), etc.

As a real estate pro, this was very good.

Accurate, comprehensive, complete.

Definitely enough info to get u started.

Here's my book review on this real estate book.

PROS:
This book addresses two main myths that people have about real estate.

1. One is, since you don't have that much money, you shouldn't invest in real estate. Though this book doesn't cover how to finance your investments, it does name a few examples of how a few people who didn't have money managed to invest in real estate to make their millions.

2. The second myth is how big deals are too risky so don't go after them. The book gives an example of other people doing it.

The fact of the matter is, if you don't have much money, you'll either need to get some capital by borrowing or partnering. And when you face big deals, the risks are heavier but also the rewards are multiplied.

CONS:
1. In the end, this book covers real estate pros (but hardly any cons). So it is motivating but unbalanced. Care and risk management should always be part of your investment strategies.

-Matt
Illustrator for the Ultimate Foreclosure Kit
(ISBN 0978834658)

Ken McElroy's insight into investing in real estate is easy to follow and teaches you years of experiences in 12 easy to read chapters. I highly recommended. If you already read it, buy a copy for a friend or some one that dreams as big as you!

The book is very good. I think anyone with few or some experience in Real Estate will find this book be very valuable.

This had lots of good tips along with good basic overall information. I will read it again to pick up more information that I might have missed the first time and to reinforce the information that I did remember.

Ken McElroy of Rich Dad Advisors has a practical and useful book. The best chapter is without a doubt is chapter 7. As a beginner, one wants to find a practical and systematic aproach to finding property to invest. There are other tips which are scattered throughout the other chapters. Unfortunately THe Rich Dad series is fond of not having an index at the end of the bbok. THere is a little bit of fluff in the first chapter going into the "myths" of investing. Fortunately McElroy comes back in his next chapter being definitive and realistic. It is a refreshing, recreational read which can be supplemeted by other Real Estate Investing books.

this is a good beginner's guide to real estate, its similar to the dummies book which covers the same topics. i was impressed with the mortgage info and double closings tip, this is a secret most won't share. also, for those just starting out, also read The Beginner's Guide to Real Estate Tax Lien and Tax Deed Auctions on how to buy properties below market value

Great book. Arrived second day. Incredible speed of shipment. Book arrived in perfect shape.

Thank you.

Harry

I hadn't really read many of the REI books until my husband recommended this one to me. I have to say, it's a quick, easy read. I was able to follow along with all the examples and it was highly interesting.

I'm sorry to say that I was disappointed of this compared to previous versions of Rich Dad series. It isn't for novices like me, but more for intermediate or expert investors. I suggest reading something like Investing Without Losing by Don Sausa for a better guide on real estate investing, especially for finding properties below market value.

This was a very feel-good primer on real estate investing. It's very much about the mindset of why you should invest. A couple of years ago it would have been like a cheerleading squad for newbies. But in this uncertain time, it's just a little comfort.

All in all, good for anyone who really does love real estate.

Really got me thinking and was filled with very useful, helpful, informative, but easy and simple to understand tricks. One of my favorites. A+

First, I was a bit skeptical because although I really liked the Rich Dad series, I thought it was extremely light in the "how" department. Everything he said made sense, but how do I do it? Well the ABC's of Real Estate Investing will take it to the next step and tell you how.

I listened to the audio book version but I'm sure I'll buy the regular book as well because there is just so much information in this book, especially the checklists. Ok, so why is this book great? Because it's written by someone who actually did all this stuff and is successful. He uses real examples from properties he's owned in the Phoenix area. I lived in this area for 9 years, and I can say everything he said about it made a lot of sense. You don't need to be from Phoenix, I'm just saying that I think the author really knows his stuff.

ATTENTION! Here is a one thing you may or may not like (judging from other reviews): This book uses multi-family (apartment buildings) in all the examples. They cost millions. So although on one hand he makes it sound easy enough that I could do it, I'm not comfortable going after a two million dollar property for my first one! HOWEVER, I think everything he said would apply to an individual family home as well. This didn't bother me at all, and if I ever get a chance at a multi-family unit I'll have more confidence to do it.

If you listen to the audio book, the author reads it himself. Something I really enjoy. I don't like some guy reading as fast as he can, Ken McElroy reads it as if he's sitting next to you telling you face to face. While some of the phrases sound a bit corny or even fake, "Now we don't want any surprises do we?", I think it gives his reading a bit of charm.

Overall, not the only book you need but definitely one of the best I've seen. Great job Ken! Now if only the original Rich Dad series was this good! ;)

I found it quite informative, but as of yet have not put it into practice and as such can offer no further comments.

I am a beginner to real estate trying to understand pros and cons of real estate investment. I wanted a book which would explain me step by step on how I can start in a small way and grow big. This books starts big and talks about $2 million dollar investments. I do not want to take such a big step to begin my real estate investments. I would recommend reading 'How to Succeed and Make Money with your first rental house' for beginners in this business.
This book is not worth reading even once.

My husband started out making a Medium salary being a CSR, yet we live better "now" than everyone we know? How could we be worth over a million when he had been only making $30,000 a year until just recently???? Seriously? I will tell you if you listen. (Most people don't listen, and just don't believe it is possible.)

I recommend you read, "The Millionaire Next Door", get the "Carlton Sheets Series No Money Down", and educate yourself with books like this one. (You don't need a to spend your money on expensive schooling. The library has everything you need for free. What difference is it to have a person tell you things "they" have read in books, or if you read/learn it yourself?)

The most important thing you can do is treat your money sparingly. We don't buy new cars, or buy the most expensive clothing. We don't look like people that would have money, yet our five children are all in activities/sports, and my husband gets 6 weeks off work a year. On vacations we travel in our 32ft MoterHome with the kids.

You can take advise from someone who "Looks the part". However, ask this person what their "Net Worth" is. Could they retire tomorrow if needed? (Or do they tell you they need to work a little longer to pay for all the expensive things they own).
Trying to look like you have money will keep you broke. My husbands favorite quote from the movie Fight Club:, "The things you own end up owning you", Tyler Durden.

If you are young, go to work right away. It doesn't matter how little it pays. I know people who have been in school for years and come out not able to land a job due to their age and high expectations. Now, they have so much debt and no money.

Follow the princible below! (Pay yourself first). One of the greatest thinkers in history said the following regarding the discovery of compound interest:

"It is the greatest mathematical discovery of all time". Albert Einstein.

Do not be frugal however in your charities. In all my exerience of giving when needed, the one truth I have noticed is that financial negativity has never been associated with that. There is a universal truth I have seen too many times that proves good comes to you if you do what is right and just.

I have been a stay at home mom since the birth of my first child. I was able to do that because of the income generated from the rental properties we bought. We bought our first home and an instead of selling it after a few years, we rented it out while we bought a new home to live in. We would live in the new home about 2 years, then rent that one and buy a new one. We never sold any of our old homes.

We are in the process of buying 2 more homes, and my husband hopes to retire soon. (He is now 40).

My husband was recently promoted to management, and then just promoted again(Our blessing I believe), so we have had a sizeable increase in income, but what we achieved was all done on his single smaller income. We still live frugally. Our most recent house was built by using the extra material our contractor friends had no use for. I took the "black" granite for my kitchen and the Tan Marble for my bathrooms instead of picking a color that would of cost us much more. We let Ivan use his best judgement on how to lay the marble around the Jacuzzi tub, and he added diamond design patterns at no extra cost to us!

One more piece of my longwinded advise! (Since you read this far).
Another princible for financial longevity is if you are married - stay married. The grass is not greener anywhere else! People all have flaws. Work through these. Happily married couples do fight and have issues. Read books like, "Secrets of Happily married men".

Good Luck to you.

My husband started out making a Medium salary being a CSR, yet we live better "now" than everyone we know? How could we be worth over a million when he had been only making $30,000 a year until just recently???? Seriously? I will tell you if you listen. (Most people don't listen, and just don't believe it is possible.)

I recommend you read, "The Millionaire Next Door", get the "Carlton Sheets Series No Money Down", and educate yourself with books like this one. (You don't need a to spend your money on expensive schooling. The library has everything you need for free. What difference is it to have a person tell you things "they" have read in books, or if you read/learn it yourself?)

The most important thing you can do is treat your money sparingly. We don't buy new cars, or buy the most expensive clothing. We don't look like people that would have money, yet our five children are all in activities/sports, and my husband gets 6 weeks off work a year. On vacations we travel in our 32ft MoterHome with the kids.

You can take advise from someone who drives a brand new Lexus and wears a Kiton $30,000 suite. However, ask this person what their "Net Worth" is. Could they retire tomorrow if needed? (Or do they tell you they need to work a little longer to pay off all the things they own).
Trying to look like you have money will keep you broke. My husbands favorite quote from the movie Fight Club:, "The things you own end up owning you", Tyler Durden.

If you are young, go to work right away. It doesn't matter how little it pays. I know people who have been in school for years and come out not able to land a job due to their age and high expectations. Now, they have so much debt and no money.

Follow the princible below! (Pay yourself first). One of the greatest thinkers in history said the following regarding the discovery of compound interest:

"It is the greatest mathematical discovery of all time". Albert Einstein.

Do not be frugal however in your charities. In all my exerience of giving to others when needed, the one truth I have noticed is that financial negativity has never been associated with that. There is a universal truth I have seen too many times that proves good comes to you if you do what is right and just.

I have been a stay at home mom since the birth of my first child. I was able to do that because of the income generated from the rental properties we bought. We bought our first home and an instead of selling it after a few years, we rented it out while we bought a new home to live in. We would live in the new home about 2 years, then rent that one and buy a new one. We never sold any of our old homes.

We are in the process of buying 2 more homes, and my husband hopes to retire soon. (He is now 40).

My husband was recently promoted to management, and then just promoted again(Our blessing I believe), so we have had a sizeable increase in income, but what we achieved was all done on his single smaller income. We still live frugally. Our most recent house was built by using the extra material our contractor friends had no use for. I took the "black" granite for my kitchen and the Tan Marble for my bathrooms instead of picking a color that would of cost us much more. We let Ivan use his best judgement on how to lay the marble around the Jacuzzi tub, and he added diamond design patterns at no extra cost to us!

One more piece of my longwinded advise! (Since you read this far).
Another princible for financial longevity is if you are married - stay married. The grass is not greener anywhere else! People all have flaws. Work through these. Happily married couples do fight and have issues. Read books like, "Secrets of Happily married men".

Good Luck to you.

My husband started out making a Medium salary being a CSR, yet we live better "now" than everyone we know? How could we be worth over a million when he has been only making $30,000 a year until just recently???? Seriously? I will tell you if you listen. (Most people don't listen, and just don't believe it is possible.)

I recommend you read, "The Millionaire Next Door", get the "Carlton Sheets Series No Money Down", and educate yourself with books like this one. (You don't need a to spend your money to be schooled. The library has everything you need for free. What difference is there to have a person tell you things they read in books, or if you read it yourself?)

The most important thing you can do is treat your money sparingly. We don't buy new cars, or buy the most expensive clothing. We don't look like people that would have money, yet our five children are all in activities/sports, and my husband gets 6 weeks off work a year. On vacations we travel in our 32ft MoterHome with the kids.

You can take advise from someone who drives a brand new Lexus and wears a Kiton $30,000 suite. However, ask this person what their "Net Worth" is. Could they retire tomorrow if needed? (Or do they tell you they need to work a little longer to pay off all the things they own).
Trying to look like you have money will keep you broke. My husbands favorite quote from the movie Fight Club:, "The things you own end up owning you", Tyler Durden.

If you are young, go to work right away. It doesn't matter how little it pays. I know people who have been in school for years and come out not able to land a job due to their age and high expectations. Now, they have so much debt and no money.

Follow the princible below! (Pay yourself first). One of the greatest thinkers in history said the following regarding the discovery of compound interest:

"It is the greatest mathematical discovery of all time". Albert Einstein.

Do not be frugal however in your charities. In all my exerience of giving to others when needed, the one truth I have noticed is that financial negativity has never been associated with that. There is a universal truth I have seen too many times that proves good comes to you if you do what is right and just.

I have been a stay at home mom since the birth of my first child. I was able to do that because of the income generated from the rental properties we bought. We bought our first home and an instead of selling it after a few years, we rented it out while we bought a new home to live in. We would live in the new home about 2 years, then rent that one and buy a new one. We never sold any of our old homes.

We are in the process of buying 2 more homes, and my husband hopes to retire soon. (He is now 40).

My husband was recently promoted to management, and then just promoted again(Our blessing I believe), so we have had a sizeable increase in income, but what we achieved was all done on his single smaller income. We still live frugally. Our most recent house was built by using the extra material our contractor friends had no use for. I took the "black" granite for my kitchen and the Tan Marble for my bathrooms instead of picking a color that would of cost us much more. We let Ivan use his best judgement on how to lay the marble around the Jacuzzi tub, and he added diamond design patterns at no extra cost to us!

One more piece of my longwinded advise! (Since you read this far).
Another princible for financial longevity is if you are married - stay married. The grass is not greener anywhere else! People all have flaws. Work through these. Happily married couples do fight and have issues. Read books like, "Secrets of Happily married men".

Good Luck to you.

My husband started out making a Medium salary being a CSR, yet we lived better than everyone we knew? How could we be worth a million when he was only making $30,000 a year???? Seriously? I will tell you if you listen. (Most people don't listen, and just don't believe it is possible.)

I recommend you read, "The Millionaire Next Door", get the "Carlton Sheets Method of Real Estate buying", and books like this one. The secret??? Frugal Living. This doesn't mean to extremes. We don't buy brand new or the most expensive cars, and don't get caught up in buying desinger clothing. We don't want for anything, however. Our children are in Private Ice Skating lessons, Cheerleading, Baseball, Gymnastics, go to Summer Camps, yet we don't look like people with lots of money! (Now here is the catch. That's why people don't believe it. They want to learn from someone who is driving a Lexus and wearing a Kiton $30,000 suite. However, these people usually have no net worth since all there money is being thrown away. They also have to work harder/longer to keep up with their lifestyles.) Trying to look like you have money will keep you broke.

If you are young, go to work right away. It doesn't matter how little it pays. I know people who have been in school, for what seems like forever. Where are they today? So sky high in debt, and probably won't ever be able to dig their way out out of it. They are not employable due to their "over education" and wanting too much money if they do take a job somewhere. Plus, they have what I call "Know-it-all Syndrome. They, like many others, add to their debt by believing the lie that they have to look a certain way. In the end they are just stressed out and depressed because they can't afford the clothes, homes and cars they own. My husbands favorite quote from the movie Fight Club:, "The things you own end up owning you", Tyler Durden.

Follow the princible below! (Pay yourself first). One of the greatest thinkers in history said the following regarding the discovery of compound interest:

"It is the greatest mathematical discovery of all time". Albert Einstein.

So, what does this mean? If you spend, spend, spend where are you? In debt.
However, if you are frugal?? Look what you have amassed!
(One princible that does not apply to this is giving/helping others when it is called for. In all my exerience of giving to others in times of need, is that we have never experienced financial negativity associated with that. There is a universal truth I have seen too many times that proves good comes to you if you do what is right and good.)

I have been a stay at home mom since the birth of my first child. I was able to do that because of the income generated from the rental properties we bought. We bought our first home and an instead of selling it after a few years, we rented it out while we bought a new home to live in. We would live in the new home about 2 years, then rent that one and buy a new one. We never sold any of our old homes. While our friends had fancier first homes with all new furniture, we had a modest home with items we bought when we could afford them. (Or items that were handed down to us from family members.)

We are in the process of buying 2 more homes (That will make 8 homes total) and my husband hopes to retire soon. (He is now 40). We have a 30ft. Moterhome and buy annual passes to Disneyland. He gets 6 weeks off a year from his company and we travel more than most retired people. (I will confess he was recently promoted to management (and then promoted again), so we have had a sizeable increase in income, but what I have covered has been acheived before his promotions).

Another princible for financial longevity is if you are married - stay married. The grass is not greener anywhere else! People all have flaws. Work through these. Happily married couples do fight and have issues. Read books like, "Secrets of Happily married men".

Stop listening to the people who "don't have" and are "all show". If you want the truth, look to the poeople who made it happen.

My husband started out making a Medium salary at Verizon being a CZT2 Installer, yet we lived better than everyone we knew? How could we be worth a million when he was only making $30,000 a year???? Seriously? I will tell you if you listen. (Most people don't listen and just don't believe it is possible.

I recommend you read, "The Millionaire Next Door", get the "Carlton Sheets Method of Real Estate buying", and this book. The secret??? We live frugally. We buy no brand new cars, and don't get caught up in buying things just to keep up with the Jones. Our children are in Private Ice Skating lessons, Cheerleading, Baseball, Gymnastics, go to Summer Camps, yet we don't look like people with lots of money! Trying to look like you have money will keep you broke.

Also, if you are young, go to work right away. It doesn't matter how little it pays. Follow the princible below! (Pay yourself first). One of the greatest thinkers in history said the following regarding the discovery of compound interest:

"It is the greatest mathematical discovery of all time". Albert Einstein.

So, what does this mean? If you spend, spend, spend where are you? However, if you are frugal?? Look what you have amassed!

I have been a stay at home mom since the birth of my first child. I was able to do that because of the rental properties we bought. We bought our first home and an instead of selling it after a few years, we rented it out while we bought a new home to live in. We would live in the new home about 2 years, then rent that one and buy a new one. We never sold any of our old homes. While all our friends had fancy first homes with all the new furniture, we had a modest home with items we bought when we could afford them. (Or items that were handed down to us from family members.)

I have a sister who has been in school for over 20 years. She has a PHD in Molecular Biology, and then went on to law school. She has passed her Bar Exams in 2 states. Her husband has a PHD in something, and is currently doing his Residence to become a pediatrician. Where are they today? So sky high in debt it would make you cry. They are not employable due to their "over education" and wanting too much money if they do take a job somewhere. Plus, they have what I call the "too much school" syndrome. Where they know too much and feel they are smarter than anyone else. It's sad because they look down on others, but can't afford the expensive cars and clothing they own.

We are in the process of buying 2 more homes (That will make 8 homes total) and my husband hopes to retire soon. (He is now 40). We have a 30ft. Moterhome and buy annual passes to Disneyland. He gets 6 weeks off a year from his company and we travel more than most retired people. (I will confess he was recently promoted to management (and then promoted again), so we have had a sizeable increase in income, but what I have covered has been acheived before his promotion).

Stop listening to the people who "don't have and are all talk. If you want the truth, look to the poeople who made it happen.

My husband started out making a Medium salary at Verizon being a CZT2 Installer, yet we lived better than everyone we knew? How could we be worth a million when he was only making $30,000 a year???? Seriously? I will tell you if you listen. (Most people don't listen and just don't believe it is possible.

I recommend you read, "The Millionaire Next Door", get the "Carlton Sheets Method of Real Estate buying", and this book. The secret??? We live frugally. We buy no brand new cars, and don't get caught up in buying things just to keep up with the Jones. Our children are in Private Ice Skating lessons, Cheerleading, Baseball, Gymnastics, go to Summer Camps, yet we don't look like people with lots of money! Trying to look like you have money will keep you broke.

Also, if you are young, go to work right away. It doesn't matter how little it pays. Follow the princible below! (Pay yourself first). One of the greatest thinkers in history said the following regarding the discovery of compound interest:

"It is the greatest mathematical discovery of all time". Albert Einstein

So, what does this mean? If you spend, spend, spend where are you? However, if you are frugal?? Look what you have amassed!

I have been a stay at home mom since the birth of my first child. I was able to do that because of the rentals.

I have a sister who has been in school for over 20 years. She has a PHD in Molecular Biology, and then went on to law school. She has passed her Bar Exams in 2 states. Her husband has a PHD in something, and is currently doing his Residence to become a pediatrician. Where are they today? So sky high in debt it would make you cry. They are not employable due to their "over education" and wanting too much money if they do take a job somewhere. Plus, they have what I call the "too much school" syndrome. Where they know too much and feel they are smarter than anyone else. It's sad because they look down on others, but can't afford the expensive cars and clothing they own.

We are in the process of buying 2 more homes and my husband hopes to retire soon. (He is now 40). We have a 32 ft. Moterhome and buy annual passes to Disneyland. He gets 6 weeks off a year from his company and we travel more than most retired people. (I will confess he was recently promoted to management so we have had a sizeable increase in income, but what I have covered has been acheived before his promotion).

Stop listening to the people who "don't have and are all talk. If you want the truth, look to the poeople who made it happen.

This book is an excellent book about creating wealth through real estate. This book shows you why and how to buy real estate for less than market value as well as the reasons why this is possible. The examples of how real estate compares to other investments is a must read for long term real estate investors. Lex Levinrad - author of "What I Learned On Wall Street, Why Real Estate Is the Best Investment".

This book is a great starting point for any real estate investor. This book walks you through all the fundamentals of investing in real estate in a clear concise way. A good addition to your real estate library.

I recommend this book for two reasons:

1. Easy to read
2. Practical information

Ken McElroy gives step by step instructions on how to properly evaluate and make offers on multi-unit rental properties. Having read the Kiyosaki books "Rich Dad Poor Dad" and "The Prophecy", I was happy to FINALLY read some practical information. The Kiyosaki books are great motivational material but offer little substance. This entire book is not perfect, but Ken's analysis breakdown of evaluating properties and making offers is absolutely required information. Will this book enable me to make profitable acquisitions? Time will tell, however I feel confident in the process now, with Ken's detailed checklist of how to approach the business.

The only criticism I have is the lack of information about acquisition financing. Ken states that you don't need much money to get started and mentions a deal where he used purely investor money. I would like to have read some detailed information on different acquisition financing he has brokered, and how to target and close investor equity.

Overall though I would say this is a must read for anyone interested in purchasing multi-unit rental properties.

Ken McElroy does an excellent job going step by step describing how to value property looking srictly at the financials. Takes the emotion out of the purchase.