Reddit reviews The Wall Street Journal. Complete Real-Estate Investing Guidebook (Wall Street Journal Guides)
We found 5 Reddit comments about The Wall Street Journal. Complete Real-Estate Investing Guidebook (Wall Street Journal Guides). Here are the top ones, ranked by their Reddit score.
> I hope this is not too open-ended, but what would you folks say are the major pros and cons of investing in real estate vs e.g. securities?
You may not like this answer but you need to read about it from better sources.
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If you want to know about real estate, consider buying this book. If you want to know about securities and markets, consider buying this book.
Since you're setting up an LLC, talk to a lawyer not only about this but about dissolution in the event the 3 of you decide it's not working out. Just assume it will all blow up in 5 years. It might not.. but.. assume.
This is a good starter book. All 3 of your should read this: http://www.amazon.com/Journal-Complete-Real-Estate-Investing-Guidebook/dp/0307345629
Investing in real estate really requires that you know a little about a lot of things. These are the books I used when starting up:
General Overview:
Multi-Family Introduction:
Flipping Introduction:
Real Estate Formula Primer:
Landlord Tax Basics:
That is a good intro for books...BiggerPockets is always good too. However, most investors will tell you that there is only so much you can read about real estate. Read some books, get a feel and then go for it. It's the only way you can really learn.
This
Especially this
I found a copy of each of these in a book drive I participated in for charity-- paid 25 cents each. Well worth it.
Wall Street Journal Real-Estate Investing Guide is a great book about real estate investing. Covers everything you need to know. Read cribchatter.com every day to get a "feel" for the different neighborhoods and market trends. Now is a good time to get into real estate for reasons too long to get into here, but PM me and we can grab a coffee and I'd be happy to share.