New author Tyler Dawson has composed a short but information filled little book on rental property investing – a timely book for those who are trying to make ends meet while working a regular job.
In his straight to the point introduction Tyler states, ‘Every year, more and more people are learning to invest in the real estate market. Flipping houses is something that is a popular way to earn extra money. However, what if you could invest money that isn’t yours? What if that money gave you a great return on the initial investment? That’s where the rental market comes in. With the right investment, you cannot only finance your own career with other people’s money, but you can invest for the future. There are so many stories circulating about property investment. It’s not at all surprising since people who are hitting the headlines at this time, such as Donald Trump, made their fortunes from humble beginnings and indeed used money from other people to do so. This book explains how this is done and lays out a very easy to follow format that will help you to do the same thing. You may doubt your ability to ever be in the same league as Donald Trump but he wasn’t always rich. His astute management of the money loaned to him by his father was the beginning of a successful career in real estate. My book gives you pointers about planning your investment. It details how to go about finding the funding. It also explains how to assess the properties that you see as potential money pots, so that you go forward with your planning in a way that is more likely to allow you the benefits of success. The book is based upon vast experience in the real estate market and I am sharing this with readers because the potential is there for everyone who uses common sense approach.’
Taking a realistic step by step approach Tyler divides his book into the following sections: The Initial Planning Stages, Looking for the Right Property, Finding Investors or a Loan Traditional Lending Companies, Smaller Investments in Single Units, Using Equity Loans, How Networking Helps (Building supplies, Qualified tradesmen, Mixing with others in the real estate industry, The Press), Payments and Rental Income, Vacation Rentals, Renovating Property for the Rental Market, and Presenting homes for rental.
Easy to read and to follow and offers the caution signs – ‘Having been in this business for a long time, I know that the advice I am giving to readers is accurate. I also know how easily someone can make mistakes in the initial stages of investing in rental property. One of the worst mistakes you can make is buying a house by auction and getting too enthusiastic about buying.’ Solid information from a reliable source. Grady Harp, June 16