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Updated about 9 years ago on . Most recent reply
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What do i Read (Listen rather) to next!?
I recently read my first investing/REI book after becoming interested in real estate investment opportunities. Rich Dad Poor Dad was amazing, it really changed my way of thinking from the norm, from what society teaches and preaches. I have been doing some research on what I think my initial niche will be. I think buy and hold investment opportunities is what I'm after. Passive income is very appealing to me. don't get me wrong flipping or wholesaling making a lump sum at one time sounds awesome too, but I think I should fist learn the basic inns and outs of the business and get to know some people before I take on projects like that. so I guess my question is, what do I read now or what further action steps should I take. I'm signed up for the BP webinar tonight and in a few weeks I will be attending my local REIA meeting to try to get to know some folks who have done what I want to do. Thanks in advance
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- Investor
- Sherman Oaks, CA
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I think creative financing, which includes sub2, lease options, wraps, jv partnerships, notes, title holding trusts, seller financing (in the Dodd Frank Era) and private lending is REALLY important in real estate investing.
20% down with credit and personal guarantees is not my cup of tea.
See
http://www.amazon.com/IRA-Wealth-Revolutionary-Str...
http://www.amazon.com/gp/product/0757001351?keywor...
http://www.amazon.com/Retiring-Right-Third-Edition...
If you understand these 3 books, you will understand some very creative concepts from very talented senior money and retirement experts.
Also
Dictionary RE Terms
http://www.amazon.com/Dictionary-Estate-Barrons-Bu...
Legal Blacks Law Dictionary
http://www.amazon.com/Blacks-Dictionary-10th-Bryan...