[QUOTE]Originally posted by Konowl
[B]

How guaranteed is that though?

 

I've read a couple of Kiyosaki's books as well and thought they were pretty good. Then I came across this website about kiyosaki that was quite interesting.

http://www.johntreed.com/Kiyosaki.html

 

LOL!

"It seemed more of a "this is what you can do" instead of "this is how you go about doing it""

I was on the right track then...

So what are some GOOD books? How to Become Financially Independent by Investing in Real Estate?

 

Ya, no crap!!!! ahahahha.... I guess shitty old Harrisburg is good for something... not much but...

[QUOTE]Originally posted by TrojanHorse
[B]

Easier to pull that stunt in your neck of the woods with the lower real estate prices.

 

Talk to Mindcore..isn't he a canadian slum lord???

There are various Real Estate type things to invest in....

apartment complexes - but you need a decent amount of $ up front and someone to run it depending on the size....plus right now with the economy so shitty, it seems like any semi-decent apt complex is bought by investor groups...and they always seem to pay way too much in my opinion.... Every time I have even looked at a 4 unit, they will want something like $200k and the rent each will be $500...which means you would need a 30 year loan to make any $....

Houses - you can buy repo houses that need work....fix them and sell them for profit.... you can buy repo houses that need work...fix them and keep them to rent.... or you can pay more $ for a nice house and rent it......

Generally I won't buy a house if I don't think I can get 2% of the purchase price in monthly rent (i think that stupid Carlton sheets thing says 1%).......and I only amortize any loan for 15 years....... $35k house = $700 in rent...... $30k house = $600 in rent...

I have two different houses that I have less than $23k into each and they are rented at $670 each.......I bargain shop for stuff.... and I don't take any free gov't $ to rehab....that is usually for the super greedy people...i am just semi-greedy.

You can really get burned by spreading the loan over 30 years to make the rent work.....who the hell wants to take 30 years to pay off a rental house?

Ok...that was too much typing...... right now I have no idea how much "out of pocket" $ we have invested but the 17 houses are scheduled to paid off in less than 10 years and even now they provide about $30k of "cash flow".

Goodluck.... move to harrisburg...there are lots of opportunities...


[QUOTE]Originally posted by Konowl
[B]Ok, here is a general question....

What books would you recommend to get started in not only Real Estate Investing but investing in general?

 

No thanks, I've been to Harrisburg before. I'll keep my overpriced house in sunny, babe-a-palooza So Cal!

 

I hear ya.....nothing but fatties & fuglies around here.... it is very depressing when it comes to eye candy!!!!!

[QUOTE]Originally posted by TrojanHorse
[B]

No thanks, I've been to Harrisburg before.

 

Who wants to be finacially free? Being caught up with the Government when you die is your goal? I think you should live every day and make it count! So you keep paying bills, big deal. Why limit yourself to life's offers? I got an idea one day that I wanted to buy an S2000 and I got one 2 days later. Can I afford it comfortably? No, but I try and meet my bills as I get them and enjoy my life & have fun. Would 3 girls have said "Nice car" today when I left my place if I lived below my means? I don't think so.... Even if you save up for your "nest egg", there will always be something you want.... You want to be finacially free.... play LOTTO

 

And while I'm at it...

 

I'm going to buy a....