Download How to Quit Your Job with Rental Properties Expanded and Updated A StepByStep Guide to Retire Early with Real Estate Investing and Passive Income Audible Audio Edition Dustin Heiner Eric Upton Triune Group LLC Books

Product details Audible Audiobook Listening Length 5 hours and 29 minutes Program Type Audiobook Version Unabridged Publisher Triune Group LLC Audible.com Release Date February 28, 2019 Language English, English ASIN B07P6T2FWG

How to Quit Your Job with Rental Properties Expanded and Updated A StepByStep Guide to Retire Early with Real Estate Investing and Passive Income Audible Audio Edition Dustin Heiner Eric Upton Triune Group LLC Books Reviews

• I thought this book was well written. The author gives you a step-by-step guide on how to start a real estate rental business. The basic method is to go buy a house with little money down (about 20%) and take out a mortgage. Then offset all the expenses with the rental income. The author aims to hit about $250-$350 /mo in net income for every $100k invested in a property. After your first year, then he wants you to repeat the process and buy more homes on mortgages.
  
  Personally, I think this is a very risky method of investing because you are dealing with large mortgages and you have a lot of expenses to deal with. I found his math and arguments on return on investments (ROIs) to be creative. He likes to say you make more money with little money down vs paying for a home all in cash. He basically does not see the mortgages as an immediate loss and uses hypothetical situations to enhance returns.
  
  I believe you could be successful with this method of investing but it would be best suited to an individual with a very stable and high income job. For example, someone employed by the government, successful business person with cash to spend, or a professional who can handle large mortgages and high expenses. If you have no money or your job situation is unstable, I would not attempt these methods of investing. Although he argues you can quit your day job, I would say keep your job so you can make it through several bad months. Just be careful and use common sense when you are dealing with debt. It's a good book and worth the experience reading.
• There are better books on rental properties out there, but this one covers the basics.
  
  I think the biggest problem, which seems to be common with similar books, is the book fails to explain how to get started on rental property investment in higher cost of living areas.
  
  In this book, $80,000 to $120,000 is the optimal price range to buy rental properties. The author's own timeline shows his purchases began around the Recession when real estate prices fell off a cliff, from out of state (he lived in California), and for prices below $10,000. Needless to say, the results are not typical.
  
  Depending on where you live, rental property investing seems a lot harder nowadays with higher valuations, unless you are willing to be heavily leveraged. High property values will also eat into your cash flow. It's also hard to quit your job if you must search for affordable properties in different states, and build a team of realtors, contractors, and property managers in each of those areas as the books suggests. None of this may matter if you are persistent and diligent, but the book downplays these challenges.
  
  Aside from the content, the book has formatting issues. The font size is inconsistent. I can't believe how often one paragraph is suddenly a smaller font size than the one before. Spacing of the paragraphs is inconsistent. The table of contents has no page numbers. The pages themselves don't include the chapter title on top of the page. The book just makes itself really hard to read in a serious way.
• I learned a lot from this book and although there is much more I need to learn before going out to purchase my first real estate investment property this book gave me a nice framework to the necessary steps. I will soon be on my way to making my first trsnsaction.
• I just want to say is an excellent reading book and I learned a lot from it go buy one
• Dustin gives an easy read, no game approach to passive investing. I plan to use his guidelines for my out of state rentals.
• I liked that the author seemed to know his field well and didn't try to sell some expensive seminar. I thought the book was great.
• Vital information. Totally changed my way of thinking.
• I very much want to start a real estate investing business. The author of this book is down to earth and sensible.