[.ca] Streetwise Investing in Rental Housing: A Detailed ... (ISBN 1882877039)

The trials and tribulations of low income housing!!:
Just a few book highlights in case you may actually be interested in something like this. -75% of this book is dedicated to the art of evicting the poor. -Be sure to higher an armed guard to accompany you on the first of the month as you journey thru the ghetto making collections. -Become and expert in Welfare and Social Services so you can pawn your evictions on to the remainder of the tax payers! And my all time favorite (I love this one!!!): -Be kind enough to give a key to the SWAT team before they make a raid on your drug dealing tenants so as to avoid the expense of replacing a door! Enjoy!

A very specific guide to becoming financially free.:
I have bought quite a few books on real estate investing and this is by far the most informative and realistic book yet. I read it cover to cover in one afternoon. However it deals soly with duplex's in low income areas, which as he explains yields the highest income. I live in an economically depressed area so this book is perfect for me. It basically goes through and tells you step by step how to become financially free by investing in rental real estate. Starting by saving up $3,000 or so and getting owner financing and slowly acquiring one duplex after another until you have 20. Which after you have them paid off in 8 yrs(the loan term he suggests) you will be making over $100,000/yr. It shows you how to figure if a property is going to make money, if so how much. Where to look, how to find owner financing, etc. It's very realstic no "nothing down" hype. He gives personal examples of failures and success.

Not into Low Income Housing? Then Forget It!:
Unless you are interested in the ins and outs of low income rental housing this book is NOT for you. The more I read the more dissapointed I became. For example, he notes that many of his tenants won't have telephones. As a first time investor in rental property, I was looking for a good all-around reference. I later found the book Landlording by Leigh Robinson which is an excellent and practical reference.

It works!:
I bought this book 3 years ago, and I have found his advice to be very accurate and valuable. I've had great results investing in the so called "low-income" areas. The key is buy to "right". I.e. at a price that will enable you to produce some good positive cash flow. I've read many other real state investments books, but none demonstrated the knowledge gained only through experience that this book is full of. I am very proud to have bought major fixer-uppers and applied the renovations recommeded to end up with an asset that really improves the neighborhood and provides low-income tenents with a clean, functional and attractive home. As the author makes it clear, it's hard work but the financial results (ROI) are much better than other more upscale investments. This book is a must read, but only for serious investors that know that something really worthwhile such as financial independece will take some serious effort.

Finally real advice:
I have read more real estate books than I care to mention here,but this is truly exceptional. There is no mention of the author trying to push some get rich seminar or unbelivable finacing.. If you want to invest in real estate. This is a must read. I also recommend books by Peter miller and George Achenbach! Good luck investing!