Real Estate Investing For Beginners: A Review
Real estate investing is popular worldwide, especially since this method of earning brings about many advantages for those involved.
If you are simply starting on your real estate investing adventure, reading a good book from an expert can be an excellent way to get things started. It may also give you the motivation you need. If you are already building up your portfolio, it can equally be beneficial to read another successful real estate professional’s advice to help you to learn some extra tips and tricks.
No matter what stage you are at, we will help you find a great book that will give you some inspiration. We will review and compare a book written by Tony Toson, which is said to one of the most fantastic beginner’s books today.
Real Estate Investing For Beginners
Tony Toson, the author, teaches beginners the mistakes that many make when going into real estate investing. He also gives you the knowledge to build up and equip yourself in order to have a good chance at success.
Features
Available in paperback, audiobook, and Kindle formats, the Real Estate Investing For Beginners book has the following to offer:
- Starting in Real Estate Investing
For those who have no experience whatsoever in real estate investing, this book will help you out. There is an entire chapter dedicated to investing for beginners, and this includes essential things you need to know in order to make a start.
Toson explains how investors make money and describes various strategies and skills which are very useful for working in this business.
- Guidance on Selecting Property
Not only does the book teaches you about methods and strategies to follow for investing, but also how to select the best properties based on your budget, as well as where to find them.
The looks at the valuation process, ways to determine the ideal renter, and determine the amount you wish to borrow, you’ll find them all in this book. Toson also advises on profit and return rates.
- Financing Tips
Of course, when it comes to real estate investing, financing is a key element. For beginners, this may seem like a challenge. Toson makes it sound easy as he shares his best tips on how to get financing, where and where not to approach, as well as how you should prepare.
Toson also covers many different concepts, helping you to become more familiar with the jargon used in real estate investing.
- How to Build a Profitable Business
Finally, for those who are interested in making more than just a passive income, Toson teaches you how to make your rental real estate into a fully flown business. He shares the common mistakes made by real estate investors, which help you to avoid them on your journey. Toson also teaches the best methods to follow, if you want a successful career in real estate.
Pros:
- Available in different formats
- Easy to follow
- Beginner-friendly
- Step-by-step strategies
- Practical
- Expert advice
- Motivational
Con:
- Not really for experienced real estate investors
Summary
The Real Estate Investing For Beginners is a fantastic option for those who want to get a foot in the door and learn the knowledge required to become a successful real estate investor. This book is aimed at all ages, but mostly for beginners over experienced investors.
Comparison
With many books on the market, it can sometimes be difficult knowing which one will give you the most information and the best for your buck. If you are keen to find out some other books almost similar to Toson’s, here are a few suitable options you may want to consider:
How to Invest in Real Estate: The Ultimate Beginner’s Guide
This book is written by two authors namely Brandon Turner and Joshua Dorkin. This provides two experts’ perspectives and many resources for all the newbies out there. It covers the basics and some rules of thumb related to real estate investing.
This book aims to help you become an investor, as it takes you through the process. If is also a great motivational book since it offers the direction and encouragement required to get things started in real estate investing!
The Millionaire Real Estate Investor
Undoubtedly, you would want to make it big in the real estate market! This book promises to give you the inspiration which you need to do that!
It contains practical, workable, and easy-to-follow tips which are perfectly suited to anyone who wants to build their wealth efficiently. It shares methods plus the models used by actual millionaires.
Not only that, but you will also find real experiences shared by over 100 individuals, from all walks of life, who took the risk of investing in real estate. Thus, whether you prurchase its Kindle, paperback, audiobook, or CD versions, you are assured that you will be motivated and inspired by real-life stories.
Building Wealth One House at a Time Second Edition
As an of the highly acclaimed essential guides to investing in real estate, the updated edition of the Building Wealth One House at a Time by John W. Schaub is available in Kindle and paperback formats.
Content-wise, it focuses on teaching you practical ways to create wealth through more of an ethical approach of purchasing, financing, and managing properties. Since the author is an expert in his field, you will be guided with his nine-step program in order to succeed. He explains how to make one million dollars without any debt in any market so that you will earn cash regularly.
Final Verdict
If you decide to invest in real estate, then you can expect a few challenges. Nonetheless, there are a lot of benefits, especially when you learn to do it the right way.
Many enjoy the freedom it brings about in terms of work-life balance, the opportunity to earn passively, and the long-term inflation benefits which can be enjoyed long term. This book, Real Estate Investing For Beginners, by Tony Toson, is a good example which will help you to get your real estate investing career off to a good start!