The book was very clear from beginning to end on how to invest in Apartment Complex's! It was step by step and logical. I would feel very comfortable using this book as my sole reference in evaluating and purchasing apartment complexes!!

Rich Dad Poor Dad was great...this is not.

The title of this book is totally misrepresentative of the contents. This book is about buying huge apartment buildings all over the US. Not what I would call ABC's of real estate investing. Furthermore, if you are buying apartment buildings then you are probably too advanced for this book anyway.

The book is very basic and is easy to read. If you just want to get excited about the idea of real estate investing jump in.

If you want something to actually teach you about real estate investing grab a book like "Investing in Real Estate" by McLean and Eldred. Also check out the podcast "Get Real, Real Estate Investing for the Rest of Us".

If you are serious about investing in real estate and/or making money at it, then you must read this book. Anything associated with Robert Kyosaki is worth reading.

This is an awesome book all around. I can't recommend it enough. I didn't think I would get very much info. from this book since I have closed a few deals myself but from the very beginning I actually learned a few things (much to my suprise). It's easy to read, no fluff, and flows nicely. The author also has a very good chapter on Goal Setting in the very beginning that wouldn't be bad if you just bought this book for that 1 chapter. It's a very good book all around and if your thinking about getting it go ahead and make the purchase it'll be money well spent.

This book has a lot of good examples of maximizing net income. This is a more realistic view of building real estate wealth and diminishes the claims of the get rich quick programs. Emphasizes the importance of research as well as how to spot potential 'surprises.'

True to the Rich Dad Poor Dad template, this book consists of two books in one. The first half is general and non-specific in nature. It's purpose appears to motivate the reader to be open-minded to the message contained in the second half. The long awaited second half is a general guide to analyzing multi unit housing with an eye toward ascertaining cash flow to establish the proper purchase price. For the new investor, the exercise is useful in bringing financial analysis to the decision making process.

The book will guide you on the qualification of a good investement to cashflow based on the Net Operating Income, and also how to use the Letter of Intent to purchase.

I purchased and read this book after hearing an interview that talked about Ken's next book in the series--the more advanced version of this book. I've been a real-estate investor for some years and along with my two partners we own 1800 units in three western states. I've never before read an investment book that I didn't have some major disagreements with before reading this one. Actually, the only thing surprising to me was that Ken doesn't provide emergency lock-out service for his residents. We do, but many things in this business are counter-intuitive. I'd like to know his reasons. It's too bad he doesn't have a blog--and even though I'm not reviewing his personal website, he needs an update including downloads of the forms he promises to have available there in the book (they're still coming soon according to the web-site, but it's 3 years since the book came out).
There seems to be a lot of confusion among the reviewers as to who this book should appeal to. I think to all: from beginner to seasoned investor. Some who feel it doesn't address them in the reviews haven't paid attention. Buying single family homes and renting them is speculation. Small mom and pop rentals are also not investing any more than is flipping homes. I've watched these speculators come and go over the years--good luck to them they'll need it. Meanwhile if you're an ambitious 20 something who wants to go into real-estate who doesn't have the money, go to work for someone like me, or if you like more structure, for a large property management company and learn the business and you'll find lots of money available to you. If you're older, like I was, find some partners, take the risk and plan to work.
A saying I've always remembered is: Wise men learn from others' mistakes, fools from their own, and the rest just don't learn. I've always aspired to be at least a fool, but I wouldn't hesitate to learn from the mistakes of others. I recommend the book.

Book is a good read, but I felt I needed more concrete answers to my questions. Maybe more strategies or specific steps to take in different scenarios.

I have found another book that answered my questions and had more strategies to share. Bubble Proof: Real Estate Strategies that Work in any Market by Tonja Demoff. Great read!

Author spends a lot of time telling you he will discuss it in a later chapter. Overall a decent book with relevent information.

If you are serious about investing in real estate,then this is the real estate "Bible" of investing.

This book was an excellent primer in Investing in Real Estate. I was extremely pleased with the easy to understand material, and guidelines it provided me on the subject. I would highly recommend it to anyone that is serious about investing in real estate.

This educational book gave us the information we need to begin real estate investing. It's explained in a way that's easy to understand and having it on CD made it enjoyable to listen to together during our travels.

This book is OK. It's mainly about buying rental property though. It also didn't get into finding investors and the financials enough. Alot of it is about hiring a management company, etc. To me that stuff seems like a no brainer. I would rather know about the financing. It does talk about the profit/expense formulas.

The content of this book mainly deals with buying apartment buildings. Although this is a profitable way to invest in real estate, it is not a book for beginners. The author talks about how he and his company search many locals across the country in finding good deals. This does not apply to the new or relatively new investor who doesn't have the time or resources to search the country. Most new investors start with single family homes in their own neighborhood, and this book competely glosses over this starting point.

Investing in real estate and especially in apartment buildings can be a scary and overwhelming endeavor. Ken McElroy provides an excellent book that is both very easy to follow and a great introduction without inundating the reader with too many details. This book does not represent the sum of all knowledge for investing in real estate (it is only A through C), and should not be taken as such.

It was a great book to read and has piqued my curiosity and interest to learn more. Thanks Ken.

I am new to real estate investing. I messed-up my 6th investment for failing to read this book. The concepts, techniques, & its practical application are very informative. I initially could not believe how simple the reasonings behind the investing (buying) process and how it really makes sense. The buying techniques simultaneously serves the seller & buyer's point of view. It definitely sharpen my concepts about investing.

The book does not offer the stages of "how to". Instead it offers multiple priceless concepts, the "principle of buying it right". This is the part that anyone needs to anchor their investment correctly, to momentarily get the desired rate return & eventually to sell it correctly. The methodology & principles introduced alone are already worth more than the price of the book.

Anybody can follow through this book regardless of the level of real estate investment skills. The math side is so simple (very little) that anybody can easily follow.

Whether you plan to invest in single homes or multi family, you need to read this book first. Believe me it is worth your money, attention, & time. I highly recommend this book.

This book is strictly about investing in rental properties. The author provides an overview of the process, but not much detail. I'd like to know how the author got started in real estate investing. What processes did he go through? How did he make his way to owning/managing million $ properties? This book is fine for a quick read which highlights the real estate investing process, but will leave you hanging if you want to become a serious investor.

I love the way Ken McElroy lays the audio out in this book.
Very, Very easy to understand and is a step by step process. So you can make a checklist and take one action at a time.

He mainly covers apartment complexes as his personal choice of investing.
Fine by me, I am motivated now and know what to ask for when acquiring a building.

This book was an easy read. Like the two other books that I just finished reading from the Rich Dad series, this one does not have much substance. This book does a great job of convincing the reader of how great real estate investing is. However, it is shallow and does not give enough advice on how to actually get started in real estate investing. Do not waste your time and money on this book!

Being the first book I read on the topic of real estate investing; and being a beginner in the real estate market, I found this to be easy reading, enjoyable, and simple enough for the beginner to comphrehend all the topics and concepts discussed.

I highly recommend this book to anyone wanting to enter into the real estate market.

Unlike many of the Rich Dad books, this one's OK (based on facts and not full of dangerous or outright illegal recommendations). It gives a decent overview of how to evaluate good vs. bad investment opportunities. It recommends a sound, logical strategy for negotiating with sellers (i.e. disregard the seller's asking price and calculate what price makes sense before you make the offer.) However, this book is not comprehensive, and you will need to do further research on specific topics--e.g. buying "leper" properties (probate/foreclosure/title problems/etc), commercial vs residential, buying for short-term (flipping) vs long-term (cash-on-cash return), etc.

As a real estate pro, this was very good.

Accurate, comprehensive, complete.

Definitely enough info to get u started.

Here's my book review on this real estate book.

PROS:
This book addresses two main myths that people have about real estate.

1. One is, since you don't have that much money, you shouldn't invest in real estate. Though this book doesn't cover how to finance your investments, it does name a few examples of how a few people who didn't have money managed to invest in real estate to make their millions.

2. The second myth is how big deals are too risky so don't go after them. The book gives an example of other people doing it.

The fact of the matter is, if you don't have much money, you'll either need to get some capital by borrowing or partnering. And when you face big deals, the risks are heavier but also the rewards are multiplied.

CONS:
1. In the end, this book covers real estate pros (but hardly any cons). So it is motivating but unbalanced. Care and risk management should always be part of your investment strategies.

-Matt
Illustrator for the Ultimate Foreclosure Kit
(ISBN 0978834658)

Ken McElroy's insight into investing in real estate is easy to follow and teaches you years of experiences in 12 easy to read chapters. I highly recommended. If you already read it, buy a copy for a friend or some one that dreams as big as you!

The book is very good. I think anyone with few or some experience in Real Estate will find this book be very valuable.

This had lots of good tips along with good basic overall information. I will read it again to pick up more information that I might have missed the first time and to reinforce the information that I did remember.

Ken McElroy of Rich Dad Advisors has a practical and useful book. The best chapter is without a doubt is chapter 7. As a beginner, one wants to find a practical and systematic aproach to finding property to invest. There are other tips which are scattered throughout the other chapters. Unfortunately THe Rich Dad series is fond of not having an index at the end of the bbok. THere is a little bit of fluff in the first chapter going into the "myths" of investing. Fortunately McElroy comes back in his next chapter being definitive and realistic. It is a refreshing, recreational read which can be supplemeted by other Real Estate Investing books.

this is a good beginner's guide to real estate, its similar to the dummies book which covers the same topics. i was impressed with the mortgage info and double closings tip, this is a secret most won't share. also, for those just starting out, also read Investing Without Losing (ISBN 0978834607 NOT on amazn, other stores) on how to buy properties below market value

Great book. Arrived second day. Incredible speed of shipment. Book arrived in perfect shape.

Thank you.

Harry

I hadn't really read many of the REI books until my husband recommended this one to me. I have to say, it's a quick, easy read. I was able to follow along with all the examples and it was highly interesting.

First, I was a bit skeptical because although I really liked the Rich Dad series, I thought it was extremely light in the "how" department. Everything he said made sense, but how do I do it? Well the ABC's of Real Estate Investing will take it to the next step and tell you how.

I listened to the audio book version but I'm sure I'll buy the regular book as well because there is just so much information in this book, especially the checklists. Ok, so why is this book great? Because it's written by someone who actually did all this stuff and is successful. He uses real examples from properties he's owned in the Phoenix area. I lived in this area for 9 years, and I can say everything he said about it made a lot of sense. You don't need to be from Phoenix, I'm just saying that I think the author really knows his stuff.

ATTENTION! Here is a one thing you may or may not like (judging from other reviews): This book uses multi-family (apartment buildings) in all the examples. They cost millions. So although on one hand he makes it sound easy enough that I could do it, I'm not comfortable going after a two million dollar property for my first one! HOWEVER, I think everything he said would apply to an individual family home as well. This didn't bother me at all, and if I ever get a chance at a multi-family unit I'll have more confidence to do it.

If you listen to the audio book, the author reads it himself. Something I really enjoy. I don't like some guy reading as fast as he can, Ken McElroy reads it as if he's sitting next to you telling you face to face. While some of the phrases sound a bit corny or even fake, "Now we don't want any surprises do we?", I think it gives his reading a bit of charm.

Overall, not the only book you need but definitely one of the best I've seen. Great job Ken! Now if only the original Rich Dad series was this good! ;)

I found it quite informative, but as of yet have not put it into practice and as such can offer no further comments.

I am a beginner to real estate trying to understand pros and cons of real estate investment. I wanted a book which would explain me step by step on how I can start in a small way and grow big. This books starts big and talks about $2 million dollar investments. I do not want to take such a big step to begin my real estate investments. I would recommend reading 'How to Succeed and Make Money with your first rental house' for beginners in this business.
This book is not worth reading even once.

This book is an excellent book about creating wealth through real estate. This book shows you why and how to buy real estate for less than market value as well as the reasons why this is possible. The examples of how real estate compares to other investments is a must read for long term real estate investors. Lex Levinrad - author of "What I Learned On Wall Street, Why Real Estate Is the Best Investment".