New RE investing books
Gulf Returns recommended
While on vacation last week had the opportunity to read a couple of real estate investing books that I think might be of interest to others.
The first is by David Lereah, the Chief Economist of the National Association of Realtors. In his book titled, Are You Missing the Real Estate Boom?, Lereah suggests that the current real estate boom is a "once-in-every-other generation opportunity."
Lereah recommends to anyone sitting on the sideline -- to get in the game NOW. He builds a strong case that today's boom is not just driven by low interest rates, there are a host of demographic and economic reasons why real estate will continue to outpace other investments. Contributing factors include the growing needs of the baby-boomer generation, the rise of the "echo" boomer generation and new ways real estate is marketed and sold.
The second recommended book is by George Ross, now famous for his role alongside Donald Trump and Carolyn Kepcher in NBC's show The Apprentice. Ross's book titled Trump Strategies for Real Estate: Billionaire Lessons for the Small Investor provides a birds eye view into the world of Donald Trump. Ross has been involved with real estate for over 50 years and is the Senior Counsel for the Trump Organization.
Ross provides an overview of the trump methodology and ties these practical tips back to the small investor. I particularly like the chapter about partnerships for investing in real estate. The chapter on negotiating provided some excellent real-world examples to come out ahead in a heated battle.
David Lereah Expands on His New Book [RIS Media]
Ross talks Business [The Hullaballoo]