Oh, he works some off the books so to speak and his wife makes good money.

Banks are coming up with every excuse in the book not to lend.

So I read all I can, book and blog.

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.