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Updated over 8 years ago,

User Stats

468
Posts
85
Votes
Abdul Azeez
  • Real Estate Investor
  • Monroe Township, NJ
85
Votes |
468
Posts

Are real estate books selling over optimism?

Abdul Azeez
  • Real Estate Investor
  • Monroe Township, NJ
Posted

Hello Folks - I just finished several different real estate books including rich dad, poor dad and Investing in duplexes, triplexes and quads. In general I think they are painting a very rosy picture and paper numbers that don't seem aligned with reality. Like in the example of buying a quad, living in one, rehabbing the rest, increasing rents for the rehabbed unit, using the GMR for the area to find a new valuation price for the quad, refinancing, buying another unit, waiting for another year, monitoring the GMR and selling the first unit at a high appreciation, using the proceeds towards a 1031 exchange and repeating the process. I find several disconnects compared to reality. As starters, valuations are not changing that much year over year in compressed markets like NJ. In addition, the whole GMR multiple and revaluation seems like money made out of thin air with no basis in reality. Do I need to take all these books and advises with a bit of salt?

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