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Who is this book for?
- People who want to be landlords but don't know where to start
- Readers who already have one or two rental properties and want to run them better
- People who want to understand how to calculate returns on rentals and how to find tenants
- Readers interested in the American real estate investing community and its methods
Who is the author?
- Brandon Turner is an American real estate investor and bestselling author
- He was long a co-host of the BiggerPockets real estate investing podcast, sharing practical experience
- This book is an introduction to rental property investing published by BiggerPockets and has been a bestseller for years
More by this authorThe Book on Investing in Real Estate with No (and Low) Money Down；The Multifamily Millionaire
Book notes
Four ways rental properties make money
Turner explains that rental properties create wealth in four ways. The first is appreciation, including natural market appreciation and "forced" appreciation through renovation and the like. The second is cash flow, the rental income left after all expenses are paid, which he calls the lifeblood of a rental investor, stressing that you should buy properties that have positive cash flow from the start.
The third is tax benefits: to encourage housing supply, the US government gives real estate investors many tax advantages that other investments lack. The fourth is loan paydown: the rent your tenants pay helps pay off your mortgage bit by bit, letting you build equity with other people's money.
Treat it as a business
How much money you need to start
Five keys to success
The eight-year million-dollar plan
Build a ten-person team
Two handy rules of thumb
How to find good deals
BRRRR: buy, rehab, rent, refinance, repeat
Screening tenants
Exit strategies
Bottles that drifted to this book
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Shang
Shang's reading list
Voyager's Guide
The world
The Sea of Books has 24 real islands, one for each subject. Every building on an island is a book.
What you can do now
- Tap an island on the chart to go ashore
- Tap a building to read the notes on that book
- Meet Shang, the Navigator
Coming soon
- Chapter 2: register as a voyager, sail your ship, collect building badges, send bottles
- Chapter 4: private chats with other voyagers
Symbols
Ship's Registry
Before you set sail, let's get your ship registered.