The Book on Rental Property Investing
Library · Real estate investing
- Author: Brandon Turner
- FinSimLab rating: 4/5
- Reading: Moderate
- Finance level: Intermediate
- Published: 2015
A practical guide to buying, financing and managing rental homes.
What it covers
Turner, known through the BiggerPockets community, walks through the whole process: strategy, return calculations, financing, buying and managing tenants. The examples are from the US market, so taxes, financing and rental law differ elsewhere, but the way of analysing the numbers carries over.
What you will learn
- How to estimate a property's cash flow before buying it.
- Which costs are often forgotten: vacancy, repairs and management.
- How to compare properties using cap rate and cash-on-cash return.
Who it is for
People considering their first buy-to-let property.
Concepts
Cash flow, Real estate, Leverage
What you will not learn
Rental law and tax rules outside the US.
Already read a book on this?
- It shares analysing a rental property with The ABCs of Real Estate Investing. If you have read The ABCs of Real Estate Investing, this one mainly adds the whole process, from strategy to managing tenants. The ABCs of Real Estate Investing
We suggest you continue with
Related Academy guides
- What is cash flow in real estate investing?
- Rental Yield: Gross vs Net, How to Calculate It, and What It Means
- What is Cap Rate? How to Use It to Evaluate Any Rental Property
- What is ROI in real estate investing?
Put it into practice
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Descriptions written by FinSimLab for educational purposes. They do not summarise the books and are not investment advice.