This book is written for those who have thought about dabbling in the rental property market, but who are not sure where to start.
The book covers a lot of territory based upon personal experience of this market, which is even more viable in this day and age. With houses becoming cheaper, today's property market is a speculator's dream. However, dreams do not happen on their own. They take homework and planning and that's where the book helps you. It details where you can get loans that will pay for themselves in the long run. The book is also realistic enough to advise you of the pitfalls that await the unwary speculator who has not done his homework.
With the right skillset or team of workers having the right skillset, it is possible to flip rental property pretty rapidly, meaning that new tenancies give you the opportunity to earn maximum rentals. These, in turn, pay off the loans that you have made as your first step into the rental property market. Where this book pays off is that it also gives you a very realistic picture of why people fail.
The book also covers the market of vacation rentals, which can indeed be quite lucrative and shows you how to work out if this is the right area of the market for you. It details the difference between the kind of income available for both traditional rentals and for vacation rentals and gives you a realistic view of taking this up as an option.
Bricks and mortar have always been a solid investment and, in this day and age, people are looking to find independence. Real estate, worked in the right way, can give you this independence as well as providing you with an income long after the debts on the property are paid off. The book shows you how to evaluate the potential in advance and enjoy the benefits of property ownership at the financial expense of someone else!