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    Real Estate Investing: An Essential Guide to Flipping Houses, Wholesaling Properties and Building a Rental Property Empire, Including Tips for Finding Quick Profit Deals and Passive Income Assets
    Real Estate Investing: An Essential Guide to Flipping Houses, Wholesaling Properties and Building a Rental Property Empire, Including Tips for Finding Quick Profit Deals and Passive Income Assets
    Real Estate Investing: An Essential Guide to Flipping Houses, Wholesaling Properties and Building a Rental Property Empire, Including Tips for Finding Quick Profit Deals and Passive Income Assets
    Ebook115 pages2 hours

    Real Estate Investing: An Essential Guide to Flipping Houses, Wholesaling Properties and Building a Rental Property Empire, Including Tips for Finding Quick Profit Deals and Passive Income Assets

    By Charles Pennyfeather

    4.5/5

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    About this ebook

    Over the last two centuries, about 90 percent of the world's millionaires have been created by investing in real estate according to the thecollegeinvestor.com.

    The benefits of real estate investing are many. To name a few, you can:

    - You can build equity for the future

    - You can generate passive income

    - It is a hedge against inflation

    - You can enjoy tax benefits through depreciation

    - You help provide a home for others

    - And much, much more!

    Whatever reasons you may have, if you are new to real estate investing, and want to learn how to invest in real estate, this book is perfect for you.

    In this book, you will:

    - Get an overview of real estate investing

    - Dive deep into making money through flipping houses and wholesaling properties

    - Discover how to build a rental property empire

    - Learn valuable tips you can use to find quick profit deals

    - And much, much more!

    LanguageEnglish
    PublisherCharles Pennyfeather
    Release dateDec 26, 2019
    ISBN9781393245421
    Real Estate Investing: An Essential Guide to Flipping Houses, Wholesaling Properties and Building a Rental Property Empire, Including Tips for Finding Quick Profit Deals and Passive Income Assets

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    Reviews for Real Estate Investing

    4.5/5

    32 ratings31 reviews

    What did you think?

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    Review must be at least 10 words

    • 5/5
      In this book, you will learn an overview
      of real estate investment, then dive deep into
      making money through flipping houses,
      wholesaling properties, and how to build a
      rental property empire. This book will help every references that planning to start. This book gives advices, tips and instructions that is easy to follow and understand. This book is amazing.
    • 4/5
      This book will be very useful for future references it will help and guide us on what to do, when to do, what should be done. The book is well explained, even in it's title you will get hooked up and will be interested on it. Having passive income through this kind of investment is a good way on saving lots og money. So what are you waiting for? Just be a dependent or you want to be independent? This book will help you I assure you.
    • 5/5
      This book is informative but incomplete. To me, there is a gap between the final expenses/income evaluations and obtaining the financing to purchase. I'd recommend it more if there was even a small portion of it devoted to raising capital from investors, or even approaching a bank for the purpose of purchasing.
    • 5/5
      This book was an easy read, Concise and brief learning material found in the writer successful story in multifamily apartment properties investment. I recommend this book to anyone interested in real estate investing. I will be referencing back to this book as my rental investments grow.
    • 5/5
      Charles Pennyfeather discusses in his book how it is to enter the multi-trillion-dollar industry, that is the real estate. We know that 2020 pandemic put everything into a halt but never the capitalist market. If not, Ii makes it even more attractive especially to the people who realize that they needed to secure their future and in order to do that, they must act now.

      This essential book guide will show you an overview of real estate investment. It will later on dives deep into how to make money through flipping houses, wholesaling properties, and how to build a rental property empire. You will also learn valuable tips to use to find quick profit deals.
    • 5/5
      This was a fantastic read! This book covers everything you need to know about real estate investment from start to finish. I really like how they do the personal and daunting aspect of finance. If you're able to put in the effort, this book will help you get started. Anyone in the business of passive income should read this!
    • 4/5
      Venturing into real estate investment nowadays is really a risky one. Given the worldwide crises brought about by the Covid 19 pandemic, the financial unstability of some individuals or companies, thinking about investing is never a joke. My gratitude to the author for providing us a knowledgeable book to read and ponder with. The scopes of the entire topic do not only limit to one or two but to a few that does not only support with each other but also impart and sustain a definite information.
    • 4/5
      It helped me studying in my personal time and trained me a great deal since the book is informative and presented well. Actually, there are some considerations before entering this business since it is a complex industry. As a beginner, I find it easy to comprehend new terms and there were examples given which made new ideas clearer.
    • 5/5
      It offers realistic and very useful trading tips and tricks to help anyone achieve excellent results in the shortest period of time. Great work! I appreciate the author's heart and soul that went through this writing.
    • 4/5
      This is the book that I plan to share with people when they ask me about real estate investment.
    • 5/5
      This book contains top to bottom guide and techniques to incorporate when dealing with investment properties and concerns. Got some amazing tips!
    • 5/5
      You can be your own boss in this business. By studying and maximizing your resources, you can definitely have it. As for the preparation, this book is very useful for beginners or aspiring real estate investors/businessmen.
    • 5/5
      This is my first time reading a book about real estate and it help me understand the journey of those who are into real estate businesses. For me, it is not an easy task, it requires more knowledge and understanding of how the industry works.
    • 4/5
      This is a fantastic overall investment book. I have had rentals for years and have been winging it. I wish I read this 20 years ago. Charles is an amazing writer. He's entertaining and informative. I wish he lived near me an we could hang out so I could pick his brain.
    • 5/5
      First time to read a book about real estate and it helps me understand that there are different categories of real estate. Upon reading the book, it made me think that if you want to invest in real estate, you also have to invest in acquiring knowledge and understanding of how things work in this kind of industry.
    • 4/5
      Real estate is a form of real property. There are five main categories of real estate: residential, commercial, industrial, raw land, and special use. However I found some writing issues about this book such as grammar, punctuation, conciseness, and word choices. Revise some words with active voice. Active voice makes it clear who is doing what. In an active sentence, the person that is acting is the subject. Passive sentences obscure or omit the sentence subject. Use passive voice when the sentence object is more important than the subject. The active voice is generally easier to read. Also use a strong verb. A hidden verb or nominalization is a verb made into a noun. They often need extra words to make sense. Strong verbs are easier to read and use less words. Also you should use a simple word over a complex word. Simple words are easier to read and let your readers focus on your ideas. Nevertheless, Real estate is one of the most important sectors in the economy. The affordability of real estate and rental prices and changes in those prices have a direct impact on the wealth of property owners and tenants and their consumer spending.
    • 5/5
      This was my first Real Estate Investing book to read and it was helpful. The way the author explains things is easy to understand, but this also seems like it's more intended for novice investors. This book helps you to understand the journey in real estate. How to invest your money in buying, selling and renting properties
    • 5/5
      Always been fond of real state investing, my father taught me one thing in real state that you can never say that this property is second hand and sell it to a lower prize the prize of this always rises so it would be a great investment, I learened a lot in this book about how i can maximize realstate investments,
    • 5/5
      I'm always curious about real estate investment. I've heard that most of people who engage in this are more likely to generate bigger income and are truly successful. To deepen my understanding, I read this book and decide to learn more about it. This book helped me get a wider view of real estate investment. I learned that it was never easy to take risk in this industry as you have to consider many things especially that it involves money investment. It requires enough knowledge and understanding for you to gain success you aim out of it. But don't worry, you have this book as a great guide to educate you in achieving your goal. It contains all the information you need to know in order to succeed in this field. I believe that this book is what you need. So, if you are planning to enter real estate investment in the future, I assure it is the good book for you.
    • 4/5
      Investing in real estates are a huge market this days because of its high return profit. This type of business will definitely have serious risk and implications if mishandled. Fret not because this book can help you avoid that. Inside this book are everything you need to know about real estate. From computing what are the costs that is involve in the real estate industry, different ways on how you can earn, the do's and don'ts of the business and the risks it entails. This book will surely give you the right knowledge needed when exploring real estate.
    • 5/5
      Real estate industry is trully a good source of profit. Yes it requires huge amount of money but if you'll take the risk, it might be the right way to your success.
      You are not only about to invest money, but also trust, time, and effort. Trust the process and effort for waiting. If you want to enter the real estate industry, a material like this suits you. Do consider the factors needed in order for you to succeed; buy properties and avoid getting bankrupt.
      This will help you improve your existing strategies. This may help you buddy.
    • 5/5
      Actually, real estate is one of the most risky and difficult industries. Having a better understanding about it can help you lessen headache and can develop your skills and experience. This book can help you get ahead for it will help you analyze if you have the right skills and resources to invest. The self-evaluation part of the book will make you think if you still consider this path to help you with your financial goals. Purchasing this book can be your first investment. It can help you along the path and you may figure out some helpful tricks and strategies.
    • 5/5
      The most practical and easy-to-follow guides on how to make you achieve financial freedom through real estate investing. This book is an absolute must-read. This book offers general overview on how to navigate property investing and earning from it in different ways such as rent and gaining interest. Renting a house/proper can be financially stressful for it is also added to your expenses. Reading books like this can help you start your own business or start earning passive income as a real estate and rental property investor.
    • 5/5
      Risk-taking can definitely lead to success but it doesn't mean that you have to take uncalculated risks especially when you are embarking a new business venture such as investing in real estate. It may not be a fast growing investment but it can provide a long term financial security. So, if you are interested to be a real estate investor, you first need to read this book! This is an essential guide that teaches you the basics in house flipping, the estimated expenses, recommendations on where to find contractors, tips on negotiating and other factors that you need to put into consideration to make a good profit.

      You will find all the answers to your questions about real estate investing in this book because it comprehensively explain even the little details in this business field. It even got me interested in investment while reading even though I am not a business-minded person. But thinking about the advantages and benefits in the future, I might take the risk!
    • 5/5
      Investments are always risky, that's why you don't put all your eggs in one basket. If you are finding another business to invest in the industry, Real Estate Investing is the perfect book for you. Most Accountants would always say, the only asset that doesn't depreciate is the land, since each year its cost is increasing. This idea is an excellent reason to invest in real estate.

      The book also explains what real estate investing is, how to make money out of your property, and tips that can guarantee a profit.

      This book is beneficial for business-minded individuals and for everyone who wants to invest.
    • 5/5
      Investing is such a big step for the reason that it involves money, so it is necessary for us to use it wisely. What I like most about this book is that it really guides the reader in investing and giving possibilities that we must take into consideration before engaging to such. By reading this book, I've learned a lot regarding real estate and investing who has no definite experience to such, what more if the reader has been exposed to such but did not know the possibilities that he/she must consider. This book would equip us upon entering to such industry.
    • 4/5
      Real state is a business. It's about money and when you get careless, you stand to lose a lot of it.

      This guidebook is perfect for those who are investing or planning to invest in a real state industry. It will tell you ev'rything you need to know about challenges and essentials of being an investor. You'll also learn valuable tips that you should consider. It will help you determine what type of investment is best for you or if an investment is right for you.
    • 5/5
      It has packed simple to complex strategies to maintain a good investment track. If you’re looking for an investment or you want to be a successful real estate investor, this book is for you. You’ll be able to know more about be investing not only in studying the basics, important facts and techniques, and resources. Many people are on house and space hunting for it will be their asset since properties have a strong trend of appreciation.
    • 5/5
      I had to get some estate planning and investing for myself for future plans. This book is well written and organized. I like this book because it gives me the basics and also the more complex answers to real estate investing . It is clearly written and gives a comprehensive look at every facet of investing. Having this book as your reference is ideal. It will help you prepare for the things that you’ll encounter. Good read!
    • 5/5
      If you are interested in investing particular with real estate, this book may help a lot. Investing is risk-taking move so making a move out of it must be processed in plan and in a smart way where you could enjoy the money, where it could help others enjoy your offers (if you are the one who offers).

      The good thing in this book, it is so easy to read and at first it presented some overviews about being in a real estate and all, a good points if you are new and planning to enter real estate. This book will tell you to be smart and beyond that.

    Book preview

    Real Estate Investing - Charles Pennyfeather

    © Copyright 2019

    All Rights Reserved. No part of this book may be reproduced in any form without permission in writing from the author. Reviewers may quote brief passages in reviews.

    Disclaimer: No part of this publication may be reproduced or transmitted in any form or by any means, mechanical or electronic, including photocopying or recording, or by any information storage and retrieval system, or transmitted by email without permission in writing from the publisher.

    While all attempts have been made to verify the information provided in this publication, neither the author nor the publisher assumes any responsibility for errors, omissions or contrary interpretations of the subject matter herein.

    This book is for entertainment purposes only. The views expressed are those of the author alone, and should not be taken as expert instruction or commands. The reader is responsible for his or her own actions.

    Adherence to all applicable laws and regulations, including international, federal, state and local laws governing professional licensing, business practices, advertising and all other aspects of doing business in the US, Canada, UK or any other jurisdiction is the sole responsibility of the purchaser or reader.

    Neither the author nor the publisher assumes any responsibility or liability whatsoever on the behalf of the purchaser or reader of these materials. Any perceived slight of any individual or organization is purely unintentional.

    Introduction

    Real estate is a massive industry. Totaling to a multi-trillion-dollar market, it continues to expand and become a significant part of life. Typically, real estate investment is simple. The goal is to invest money, and give it time to increase, in the future, you will have a lot of money. While each type of investment demands some level of risk, the expected profit must secure the level of risk expected. For example, consider the game of monopoly. To win, a person has to buy properties, avoid getting bankrupt, and collect rent to build more properties. If only real estate were that easy, then everyone would be rich. In life, the same concept applies, but there is a catch: a single mistake in your investment process will result in severe consequences.

    There are several places that you can hide your money than under your pillow. There are positives and negative features of every investment option you take, but since this book is about real estate investment, that is what is going to focus on.

    One of the most popular reasons that people say when asked why they want to invest in real estate is that they want financial freedom, but there are others as well who have their reasons why. Whatever reason you may have, if you are new to real estate investing, and want to learn how to invest in real estate, this book is perfect for you.

    In this book, you will learn an overview of real estate investment, then dive deep into making money through flipping houses, wholesaling properties, and how to build a rental property empire. Also, you will learn valuable tips to use to find quick profit deals.

    Chapter 1: Overview of Real Estate

    To successfully build an investment opportunity the in real estate market, you need to conduct due diligence to make sure that you know the subtle details of your local market and aspects that determine the profitability of what you are investing.

    This chapter will take you through a broad introduction of everything that you need to know about investing in real estate.

    At a basic level, real estate investing is defined as a means of generating income by renting or owning residential, commercial, and industrial properties, or parcels of land. Some investors may look for these properties on their own, or even with the help of online real estate marketplaces such as Zillow, Multiple Listing Services, and Roofstock.

    Residential real estate investments are one of the most common types of real estate investing. They comprise of single-family homes, townhomes, and condos that can be rented out to make a profit.

    Larger residential properties and those meant for businesses belong to the commercial real estate category. Owners can generate money from commercial properties by leasing out multi-family units or office space.

    The main point is that anything that is rented out to a business, and any residential building that has more than four units inside it, is categorized as commercial. These kinds of properties have different lending rules when registering for a mortgage.

    No matter the type of property that you own, you can make some profit from an investment property in four main ways: appreciation, rent, tax benefits, and interest.

    Rent

    The owner of a crowdfunded real estate, townhome, condo, single-family home, multi-family property, or commercial building may create rental income by leasing out all or a section of the building to a tenant. Most people who invest in real estate decide to rent a space to tenants because it generates a predictable, steady, and consistent revenue stream.

    This is especially true if you are located in a stable real estate market. Make sure to confirm the local vacancy rates on the kind of real estate property you would like to invest.

    Some people decide to pocket rent and deal with property maintenance and upkeep on their own, while others choose to recruit a property management company that takes part of the profits in exchange for property management services.

    Averagely, you can estimate that a property manager will require 10% of your gross rent, for long-term renters. When managing short-term rentals, this number is much bigger.

    Appreciation

    In some real estate markets where the cost of the property is increasing, owners of properties can make money by buying and holding the property. The rise in the value of a property over time is referred to as appreciation. Appreciation translates into profit when the owner opts to sell the property.

    This strategy of earning a profit is best suited for people who are searching for a long-term investment in a market where property prices keep increasing. A long-term buy-and-hold plan is always the best choice, given that in a long-term deal, real estate prices will appreciate.

    Tax Benefits

    One of the most important aspects considered by real estate investors that most newbies fail to recognize is the tax benefits. Being a real estate investor is like a business owner; you receive tax deductions.

    That includes any improvements to the property, the cost of travel, supplies for cleaning and maintenance, and so on.

    However, the best thing of all about investing in real estate is depreciation. This is a magical feature that every investor should collect at the end of the tax year.

    Depreciation implies that the IRS allows people with investment properties to depreciate the property over a specific period. Most importantly, the IRS should allow investors to depreciate property over 27.5 years.

    Interest

    This strategy of real estate profit creation is often applied by private equity firms and real estate investment firms. Someone will grant a real estate loan to a real estate developer to buy property and then gather interest and fees to generate revenue.

    In the following case, you will be acting as a bank, which is perfect for a real estate investing technique.

    Is Real Estate Investing Best For You?

    Investing in real estate may sound like a reasonably attractive idea. After all, who doesn’t want to make some extra money?

    But the truth is that it is not for everyone. Some people are perfect for real estate investing, and others do well with alternative options of investment—if you are looking for a hands-off approach to real estate, you can test crowdfunded real estate options through Fundrise.

    Fundrise will let individual investors invest in commercial real estate online via a Real Estate Investment Trust or an eFund. The crowdsourcing model distinguishes them from a traditional REIT, making it possible for the average investor to take part. The best thing is that you do not need to be an accredited investor. You can start to invest in deals as little as $500.

    If you want to know whether this may be the right option for you, the following questions may help:

    Do You Have The Right Skills For Real Estate Investing?

    Unlike other investments, investing in real estate calls for accurate computations and regular monitoring of the market. You may also have to deal with the daily upkeep and property maintenance with other service providers, which can be challenging and time-consuming.

    Ask yourself whether you have the organizational skills, market knowledge, and motivation to invest in real estate before you make a decision.

    Are You In A Favorable Market?

    Even if you have all the skills, knowledge, and capital on paper to begin investing in real estate, it does not translate to a great idea. If

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