How to Succeed and Make Money with Your First Rental House
How to Succeed and Make Money with Your First Rental House
Seize the opportunity and watch the money roll in
Don’t be paralyzed by fear of making mistakes and losing money. Buying a rental house should be one of the safest investments you make, and you already have the skills you need to succeed. You just need to learn how to use them.
In How to Succeed and Make Money with Your First Rental House, Douglas Keipper tells the true story of how he overcame his fear of real estate investing and made money on his first rental house. Keipper uses his experience as an example as he walks you step by step through the entire process of buying, renovating, renting, and managing a rental house. And you’ll learn from his mistakes, not your own! Find out how easy it is to supplement your income with the most popular investment vehicle in the country. Let Keipper show you how to:
- Prequalify for low-cost loans
- Connect with the right loan broker, realtor, and subcontractors
- Find the right house at the right price and make a great deal
- Save money on renovations that produce higher rents
- Find and qualify top-quality tenants
- Protect your investment with the right lease and always get paid on time
User Ratings and Reviews
4 Stars good for newbie investor
Wouldn’t rate the book high for technical merit or depth of knowledge but as a new investor gives glimse of what is involved in rental property. Good job Doug
4 Stars Good First Step
This book is a good start for potential investors. It gives a brief overview of all of the essentials. However, one criticism is that it focuses on the Georgia real estate market. If you are looking for a more national perspective, you may want to keep searching.
3 Stars Nice Primer
Cute, fun, great place to start for someone who is contemplating investing in rental housing. It was an easy read and an entertaining story about how one person got started. It wasn’t a “how to” guide, however. I read it, loaned it to a friend, and haven’t missed it. I have since purchased books that are more useful as reference material, if not as entertaining to read. If you’re wondering if buying and rental properties is for you - this book is interesting. If you’ve decided to take the plunge and do it, you’re going to need some more serious material.
2 Stars Money better spent elsewhere…
I have read about 10 real estate investment books within the last 6 months, and despite the Amazon.com user reviews, this book probably was the least informative, least well written, and least organized of the lot. The author refers to his real estate investment experience several times throughout the book, yet he discusses only the single property he has purchased, disqualifying him as a mentor in my mind. He write without technicality, and fills much of the book quoting other “real estate gurus” and citing summaries of text he has read. I am really surprised that this book was rates so highly on this site, because it really has been a disappointment and waste of time. By the way, some of the best books I have read have been written by Dolf De Roos. Best of luck to you all.
2 Stars Entertaining story, lacks details and insights
This book basically tells the story of buying and renting a single family rental. It takes you through the day-to-day process of getting financing, finding a house, repairing it, marketing it, qualifing a tenant, getting paid. Basically it tells you what to expect, the ups and downs. The problem is that it seriously lacks in details and good insights. It reads like a beginner REI book written by a beginner. Another tip-off is the author keeps mentioning Carton Sheets (Mr. Get Rich Infomercial) and Robert Kiyosaki (author of the vapid “Rich Dad, Poor Dad” book series) two scam artist that give real estate investing a black eye. If you are looking for a great beginner investor book read “Rental Houses for the Successful Small Investor”.