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Updated over 14 years ago, 07/06/2010

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Greg James
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2
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Best Advice About Getting Started

Greg James
Posted

Give me the best book, course, or website for getting started in real estate investing.

User Stats

8,794
Posts
4,382
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Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
4,382
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8,794
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Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
Replied

John T. Reed's books will keep you out of trouble. Try to see past the bashing and think positively though.

Just do a Google search on John T. Reed. You should read his "Positive Cash Flow" article before you buy anything. That is a first exercise for any of my mentoring students.

Ray Alcorn's article on, "Deriving YOUR Capitalization Rate" is a great read too.

If you understand those two articles you will be ahead of 95% of the other folks out there underwriting deals.

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5,565
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8,574
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Don Konipol
Lender
Pro Member
#2 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
8,574
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5,565
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Don Konipol
Lender
Pro Member
#2 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
Replied

Bill Nickerson's book "How I turned $1000 Into Five Million in Real Estate - in My Spare Time is still the best primer. First published in 1959, it has been the basis of many successful real estate investment careers, including my own!

  • Don Konipol
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208
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Tyler H.
  • Real Estate Agent
  • Fort Worth, TX
70
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208
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Tyler H.
  • Real Estate Agent
  • Fort Worth, TX
Replied

Read REI website forums for valuable information. Consult with fellow members in your local REI Club to see if they have a few good courses they will loan you.