The ABCs of Real Estate Investing
Library · Real estate investing
- Author: Ken McElroy
- FinSimLab rating: 3/5
- Reading: Easy
- Finance level: Beginner
- Published: 2004
The basics of analysing rental homes and apartment buildings.
What it covers
McElroy, who manages rental buildings in the US, explains how to find properties, analyse their numbers and manage them. He insists on calculating net operating income before buying and on not trusting the figures the seller presents.
What you will learn
- What net operating income (NOI) is and how to calculate it.
- How to check the numbers a seller gives you.
- What managing a rented property involves.
Who it is for
People starting out in property investing who want to learn to read the numbers of a deal.
Concepts
Real estate, Cash flow
What you will not learn
Financing or tax outside the US, or long-term portfolio strategy.
Already read a book on this?
- It shares analysing a rental property with The Book on Rental Property Investing. If you have read The Book on Rental Property Investing, this one mainly adds net operating income and managing buildings. The Book on Rental Property Investing
We suggest you continue with
Related Academy guides
- NOI explained: Net Operating Income in real estate
- What is Cap Rate? How to Use It to Evaluate Any Rental Property
- What is cash flow in real estate investing?
Put it into practice
More real estate investing books
Descriptions written by FinSimLab for educational purposes. They do not summarise the books and are not investment advice.