Real Estate Principles Book

Do you guys recommend reading a book on this? Its a text book that is used to teach and prepare students for the re agent state exam. Its also a text book that is used in the community colleges for Real Estate courses. I dont know the latest edition but thought it might be good to read.



Im only interested in the investing part of Real Estate but thought a book like this would be a good source to read about the basics/foundation in Real Estate.



Thoughts?

Comments(8)

  • SoCal_Investor13th December, 2008

    I just got back from my local bookstore and Im definitely going to buy it. I skimmed through one and it had a lot of good info. Now I just need to find it used since its not a cheap read lol[ Edited by SoCal_Investor on Date 12/13/2008 ]

  • cjmazur13th December, 2008

    what will you offer for my (slight used) version.. LOL!

  • SoCal_Investor13th December, 2008

    You have one? The one Im intreasted in is called California Real Estate Principles by by Dennis J. McKenzie 8th Edition

    I believe its the latest one.

  • SoCal_Investor14th December, 2008

    I really dont need the latest, but figured it would be good to read the from the most current version

  • ypochris22nd September, 2008

    I have always preferred a cash out refi as interest rates are fixed. However, lending guidelines lately seem to restrict you to 75% of appraisal on NOO cash out refis.

    HELOCs can go a bit higher, and as you say have no closing costs- a huge advantage for short terms. Not sure why you think they are impossible to get. Both products seem readily available to anyone with a good DTI and FICO above 680.

    I have found the appraisal and ease of financing to be equal in both cases.

    Chris

  • loon22nd September, 2008

    HELOC/LOC loans are region-specific right now. Calif. is out of luck, but in other regions they are still available. I have six of them on six different properties (including, he says while smiling, one on a house I sold three years ago that is still in play!), including two I got this year. None have been pulled or frozen...yet. But from what I can tell, a LOC will hit your credit scores worse than a mortgage (reported like a credit card), esp. if you have it 50% or more in play.

  • ypochris23rd September, 2008

    Sorry, just looked again and that cash out refi was actually sold to Citimortgage...

    Chris

  • ypochris23rd September, 2008

    The trick is having your PITI be less than 75% of your rental income. Then the property is seen as contributing to your income rather than reducing it.

    Chris

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