Real estate investing
How to make money in real estate in the new economy
Matthew Martinez.
New York : McGraw-Hill, c2011.
From one of the rising stars in real estate, the no-gimmicks guide to profitable investing in post-Recession markets.
Eyes of the innocent
Brad Parks.
New York, N.Y. : Minotaur Books, 2011.
Carter Ross, the sometimes-dashing investigative reporter for theNewark Eagle-Examiner, is back, and reporting on the latest tragedy to befall Newark, New Jersey, a fast-moving house fire that kills two boys. With the help of the paper’s newest intern, a bubbly blonde known as “Sweet Thang,” Carter finds the victims’ mother, Akilah Harris, who spins a tale of woe about a mortgage rate reset that forced her to work two jobs and leave her young boys without child care. Carter turns in a front-page feature, but soon discovers Akilah isn’t what she seems. And neither is the fire. When Newark councilman Windy Byers is reported missing, it launches Carter into the sordid world of urban house-flipping and Jersey-style political corruption. With his usual mix of humor, compassion, and street smarts, Carter is soon calling on some of his friends ”gay Cuban sidekick Tommy Hernandez, T-shirt-selling buddy Tee Jamison, and on-and-off girlfriend Tina Thompson ”for help in tracking down the shadowy figure behind it all. Brad Parks’s debut,Faces of the Gone,won the Shamus Award and Nero Award for Best American Mystery. It was heralded as an engaging mix of Harlan Coben and Janet Evanovich. Now Parks solidifies his place as one of the brightest new talents in crime fiction with this authentic, entertaining thriller.
Tips & traps for negotiating real estate
Robert Irwin.
New York : McGraw-Hill, c2011.
Fully revised and expanded, the classic guide to negotiating every aspect of any real estate transactionReal estate guru Bob Irwin breaks down all the common negotiating "tips and traps" when it comes to buying and selling in real estate. Beginning with the golden rule of real estate--everything is negotiable--the all-new third edition of this easy-to-read guide helps homeowners and investors like you maximize profits by avoiding the common pitfalls standing in the way of getting the deal you want. Fully updated for real estate investors in any economic climate, this comprehensive guide delivers useful tools for every step along the way along with rock-solid advice for sellers and buyers on: Getting a better price in a down market Negotiating a quick sale Dealing with reluctant lenders Keeping the upper hand when buying a foreclosed property Talking a seller into financing your purchase And moreRobert Irwinis a real estate broker, investor, and author. He is a regular guest on many radio and television programs as well as the author of more than 35 books on all aspects of real estate, including the McGraw-Hill bestselling Tips & Traps series, which has sold well over a million copies. Irwin lives in Westlake Village, California.
The McGraw-Hill 36-hour course : real estate investing
Jack Cummings.
New York : McGraw-Hill, c2010.
A complete curriculum for profiting in today's tough market! Opportunities abound in the real estate market. In order to find the best investments, though, you need to understand the changes brought on by the turbulence of recent years. Bringing you completely up to date on today's market,The McGraw-Hill 36-Hour Course: Real Estate Investingoffers a fast-paced but thorough and well-rounded education on profiting in real estate.Revealing secrets previously reserved for industry insiders, veteran Jack Cummings offers the knowledge you need to get moving right away. This three-day "crash course" provides checklists and proven insider tips on how to: spot the hot properties of tomorrow calculate potential profits before investing increase property values make offers and counteroffers find the best sources of financing Get tips and advice from a true industry insider and start building your fortune now withThe McGraw-Hill 36-Hour Course: Real Estate Investing.
Keys to investing in real estate
Jack P. Friedman and Jack C. Harris.
Hauppauge, NY : Barron's Educational Series, c2010.
The titles in Barron’s popularBusiness Keysseries are written for individual investors. These books take the mystery out of finance and investment and offer sound advice on investment management to ordinary consumers. This new fifth edition has been revised and updated to reflect recent dramatic changes in the post-bubble real estate market and mortgage industry. The authors give detailed advice on buying, selling, and operating residential rental and commercial real estate to achieve cash flow, income-tax savings, and appreciation in value. Leasing information is also discussed.
How to make money in alternative investments
Hubert Bromma, Lisa Moren Bromma.
New York : McGraw-Hill, c2010.
Master tax strategists Hubert and Lisa Bromma have decades of experience helping individual investors develop savvy investing programs that put them on solid ground in any market.

Those who have moved to St. Louis from the coasts are regularly astonished by the local housing market. 

Successful real estate investing really boils down to three rules:

Do your homework. Know the market and its risks.

Prepare for the worst. It will happen.

Think location, location, location.

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Homes and rental property are within the reach of ordinary people to a far greater extent than is true in much of the rest of the country.  Lower purchase prices mean that more people can reasonably dream of using real estate to establish financial security.

As with most plans for making money, knowledge, effort, and sacrifice are the keys.  Effort and sacrifice cannot be checked out with a library card, but knowledge is certainly something that can be made institutionally available.

Getting cash out of real estate means renting or selling it.  The crucial phases of working with real estate are finding, buying, maintaining, and marketing.

Median home price

Los Angeles $464,333
Boston $406,135
Atlanta $223,876
Seattle $308,329
St. Louis $139,315

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Help with all these areas is readily available.

  • FINDING --  Anything from general advice ("the worst house on the best block") to very specific targets (tax auctions and distress sales).
  • BUYING --  What kind of loan would be appropriate, and how to put yourself in a position to get it.
  • MAINTAINING --  If you can do it, you don't need to pay someone else.  Do-It-Yourself and real estate management books (More about being a landlord) outline projects from the very simple to the extremely complex.
  • MARKETING --  Census data describe neighborhoods; government documents define what is necessary and suggest what is possible; local journalists tell of current trends.

Not as flashy or dramatic as short-selling or day trading, real estate is tailor-made for the investor who wants to keep a close eye on where his money is at work.

Article by: St. Louis Public Library staff