I love Ray Como's Mastermind Script Book.

Despite the words 'flipping' and 'rebuilding,' there is nearly nothing of the sort in the book, and I can't say that I really learned much at all.

Assuming you plan to buy and hold, you also want want to make cash flow and resale projections going out several years -- I would say five at the least, but probably more.If you go to my blog page here on biggerpockets (or the blog on my company's site) you can download a sample chapter from my latest book -- the chapter is about using cap rates.Originally posted by Dustin Lyle:I read in a thread concerning California where multi unit residentials are selling around 4-5%.. which lead me to a good question..

There is a glossary here.For people who are totally new to this business, I really recommend getting a couple of RE investment books and reading those.

He solidified that for me as the best strategy.As a side note, one book I read said they liked bright neon green.

The property's book value (cost minus depreciation taken) would then be $65,000.

I just read a book that covers investing as a group pretty well.

You can read all the books, go to all the seminars and think you have it figured out, but in the end the best way is to go and do a few deals and get with a seasoned investors and have them show you the way.

Have never heard of this one but I've been through a forensic accounting of my books and records on properties, complete with depositions, interrogatories and mortgage document analyses.............was not FUN!!!

The bank just might need this one off of the books, and fast.