Rich Dad's Advisors®: The ABC's of Real Estate Investing : The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors)

Rating:
Summary: Easy reading and practical step-by-step advice
Review: Although I would have liked a bit more detail and more practical how-to, this book on real estate investing (mainly residential) is not fluff and definitely goes deeper than just concepts. It gets into the author's own secrets for REI and also quantative analysis that people who don't even have a real estate or finance background can easily pick up (as long as they know how to add and subtract).

Rating:
Summary: Finally a "How To" Book on Investing!
Review: My expectations were low at first. I've heard so many people bashing GURUs on the subject of investing in RE and thought I'd hear the same advice. I couldn't have been more WRONG!

Ken McElroy, takes the time to explain all the tools you will need in order to be successful in RE investing. The thing I found most helpful is the end of the chapter To Do List. Have you ever read a chapter and moved on to the next chapter without an action plan...Not in this book!

McElroy talks about the things that made him a success as well as a recommended path for you to be successful. He doesn't cover flipping properties. When he does mention Flipping Properties, he advises against it.

I would recommend this book to the beginner and intermediate investor. For 2 reasons, this book will move you into the doing stage of your investing career with its action plan. Secondly, there is no fluff here. He gives you fact after fact.

Rating:
Summary: Solid and easy to understand; a good primer
Review: This book is mis-titled. It really should be called "The ABC's of Acquiring and Managing Rental Properties." That being said, it's a good primer. It's laid out and written in a simple, lay person-friendly manner and does a great job of answering the question: "What would it be like to buy and manage rental properties?" He clearly knows his stuff and shares his knowledge with believable enthusiasm and candor.

Clearly, the fun of this work for McElroy is the "game of business" and the profit potential. For those of us newly considering this business, we already know deep down this career is not an express train to the Nobel Peace Prize. But, especially for us disaffected idealists who are thinking, "to heck with life as an artist/baker/candlestick maker, let's go out and make some money," it's a good straight-forward dose of the day to day reality of this work. It goes through basic balance sheet calculations, lists of things to look for during property inspection, etc. All in all it was a worthwhile read.

Rating:
Summary: Great addition to Real Estate Riches
Review: What I like most about the Rich Dad Advisor series is the lack of fluff and that the information is from actual experienced real estate investors like Ken McElroy. Many people who write books and/or conduct seminars have little if any in the trenches real life real estate investing experience.

What makes this program different are a number of things. McElroy shows how to calculate the right price for your property. He explains how to use comps and how to avoid the wrong properties.

McElroy goes into the mathematics of real estate investing more so than any other author.

The ABC's of Real Estate Investing mades a great addition to Real Estate Riches. In concert, these programs will help you achieve financial freedom via real estate.