The ABCs of Real Estate Investing by Ken McElroy

ABCs provides an excellent insight and how-to for anyone interested in Real Estate investing. Written as part of the “Rich Dad, Poor Dad” line of books the author, Ken McElroy, provides the well written informative book that loyal readers have come to expect of the series. Ken has been investing in Real Estate, primarily in Arizona, for many years and has developed quite a successful track record. He was approached by Robert Kiyosaki, originator of the “Rich Dad, Poor Dad” series, to write this book imparting his knowledge of the industry.

The basic premise of ABCs emphasizes investigating the local market, its current state, growth potential and individual properties, building a cohesive team and buying the right property to maximize return. Chapter subjects include; putting together the investment team (brokers, management companies, attorneys, etc), attaining financing, improving the facilities, and preparing the property for sale. All subjects are well described and investigated, providing recommendations based on years of practical experience.

I’ve read a number of books on Real Estate investing, but have yet to find one that provides the level of detail that can be found in ABCs. After reading this book, I have a much more concrete idea of how to initiate the investing process and how, through diligence and patience, one can find properties that have higher profitability and higher success rate.