Anyone who is at all serious about real estate investing should buy this book. I have bought basically every Canadian book written on real estate in the last four years, and every US book written in the last 40 about investing in apt buildings. There are very very few books like this one.
One thing we all should do as investors is to maximize our non-recourse leverage. Usually this means being creative in some way. This book, 80 Lessons, (and one by Julie Broad in Nanaimo, also released this year, which is excellent for beginning investors starting with single family, and the two books by Ian Szabo aimed at renovations), is exactly that, maximizing non-recourse leverage. They're easily among the 5 best, most useful books. They leverage the real estate between our ears.
How many times have you read a book by a normal guy who started with limited time and means buying a condo and ending with a portfolio of over 1000 units through raising capital in a variety of ways, all in the space of about 13 years?
There just aren't many books like this, and the people who could write one hardly ever do. I don't even think there are more than a handful of Canadians who could, and certainly nobody else in REIN. Its a manual on how we all could do it.
The release of a real estate specific book would address the only area I would have liked more of, about the journey to decide on an LP model of growth and capital raising, the pluses and minuses of different ownership structures and capital raising approaches etc. Very good to hear these areas will get filled in for the future.
Not buying this book and reading it is just plain inefficient. It's bad investing. The book puts a straightforward path to enormous wealth and freedom in the hands of everyone for 20 bucks and three hours. It really is as simple as that.
