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Real Estate Investing Guide – Is There One Best Guide?

By Tom Dunn | September 9, 2008

Having been involved for quite a while in residential income property and real estate investing, I’ve been asked by plenty of less experienced investors if I know of a well-written, concise real estate investing guide. The answer is, there are plenty of them available, but none I can wholeheartedly recommend.

For one thing, to be useful any Real Estate Investing Guide would need to cover every possible type of investing, including wholesaling, flipping, birddogging, buy-and-hold, lease options, tax liens, foreclosures, short sales, subject to, section 8, landlording, private money, and many more different kinds of investing and real estate topics. There are just too many topics for any one real estate investing guide to cover in-depth.

You’re far better off, in my opinion, focusing on just one type of investing or skill, and looking for a course, book, or website that covers that. Then, most likely, you’ll be dealing with a specialist who really knows their stuff, and you’ll get the most complete information on that type of investing, not just the broad brush strokes.

As an example, any book or course that claimed to be a true “Real Estate Investing Guide” would need to cover every aspect of Section 8 rentals. I know of only one course that does that, and it includes three big 3-ring binders and 8 CDs worth of material, and costs over $500 (and, by the way, it’s not even available anymore!). That’s information about just one topic.

So you can see what I mean, can’t you? No one book, course, website, or even seminar can hope to do justice to a topic as big and varied as real estate investing.

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