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Hold: How to Find, Buy, and Rent Houses for Wealth, by Jay Papasan
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Product details
Paperback: 320 pages
Publisher: McGraw-Hill Education; 1 edition (October 4, 2012)
Language: English
ISBN-10: 0071797041
ISBN-13: 978-0071797047
Product Dimensions:
7.2 x 0.8 x 9.2 inches
Shipping Weight: 1 pounds (View shipping rates and policies)
Average Customer Review:
4.6 out of 5 stars
135 customer reviews
Amazon Best Sellers Rank:
#101,613 in Books (See Top 100 in Books)
I've been on the fence about real estate investing for a long time. I'm the type of person that wants to know everything before going in... analysis paralysis. This book has covered everything I've heard and explained it in a way that I could understand. I definitely feel ready to begin my real estate journey.
I have read a half dozen or more books on investing in multi-family rental properties in the last few months and this is the best by far! One of my favorite quotes is on fear. When he touched on the subject, I thought, "Oh here we go - another 'can of tuna' speech!" Years ago when I sold my first home, a realtor told me, "Don't worry! Buying and selling houses is just a transaction - just like buying a can of tuna at the store." Five weeks later I had closed on my old house but was ten days away from the closing on my new house. Everything I owned was in storage, my pets were in a kennel and I was lying in a sleeping bag in a friend's spare room at 3am looking up at the ceiling thinking, "Can of tuna, huh?" Transactions involving people's homes and livelihoods always have emotions attached to them to some extent - and we don't want those feeling to drive the process, but to deny them is, well, denial.To his credit, Chandler says, "Honor your fear. Listen to it and then answer. The only way to make it go away is due diligence - you have to run the numbers. And, if the numbers work, your fears will be silenced." That advice is not only true in investing, it is true in life. The rest of the book is equally well written and wise. I plan to refer to it again and again as I slowly build my portfolio.
I have bought and sold a few homes. I’ve never really had a formula. I now have that formula and I’m super excited to get back in the game. Hold has shown me a great step by step process to buy and hold homes for the long term! I’m confident and certain that if I use these guidelines to make decisions, I’ll be on my way to having a great portfolio of homes that will cash flow for many years. Thanks guys! Love the book and I think I’ll be using it for closing gifts for my mortgage clients.
Great book for beginners that don’t know where to start. Very easy to follow and gives you great examples. I highly recommend.
Very in depth with great material and viewpoints. Basically gives you a step by step guide to building a real estate investing business.
Very good overview of buy-and-hold investing using solid fundamentals. Some helpful worksheets and forms included for download. Not the only title out there on this subject, but the authors have obviously "been there and done that" and because of that this book is worth a read, especially if you're just getting started or are questioning your investing plans. You should be reading constantly anyway if you're an investor. This book is worth your time.
This is an excellent book that breaks everything down step by step. It takes the mystery out of real estate investing and presents the facts in a very accessible way.
Definitely recommended if you are thinking of investing in real estate.
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