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| Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth | 
 enlarge | Author: Larry B. Loftis
Publisher: Kaplan Business
Category: Book
List Price: $19.95
Buy New: $12.35
You Save: $7.60 (38%)
Buy New/Used from $11.95
Avg. Customer Rating:  (38 reviews)
Sales Rank: 6755
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Number Of Items: 1
Pages: 256
Shipping Weight (lbs): 1
Dimensions (in): 8.8 x 7.2 x 0.7
ISBN: 1419537253
Dewey Decimal Number: 332.63243
EAN: 9781419537257
ASIN: 1419537253
Publication Date: May 1, 2006
Release Date: May 1, 2006
Availability: Usually ships in 1-2 business days
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| Customer Reviews:
 Decent investment book, but overly optimistic August 18, 2007
16 out of 16 found this review helpful
The basic investing information in this book is solid, the problem is that the plan for gaining wealth is overly optimistic for many areas of the United States. Larry bases his wealth building plan on very fortunate appreciation that he experienced on his first investment property. Then as the plan is taught you refinance that first property after one year and use that money to buy another property. In Orlando, FL (where Larry bought his property) around that time the appreciation was 25%, but what about the least appreciating cities like the one where I live at 3%? Then the wealth building plan that Larry talks about goes out the window.
I thought the best part of the book was the info on closing, ideas that I have not reading anywhere else. Word of advice, skip over the property management chapter, the weakest chapter in the book where Larry advocates screening tenant by using your "gut". That is a recipe for disaster.
 WOW!!!!!!!!! August 15, 2007
1 out of 3 found this review helpful
Strongly recommend reading this book regardless of your level of expertise. I've learned, been motivated, and have a better insight of investing in income properties. Very simple to read and understand.
Great Book August 8, 2007
0 out of 5 found this review helpful
The author is very knowledgeable, very honest with the subject because he actually practices what he preaches.
 Definitely Worth Buying August 5, 2007
7 out of 7 found this review helpful
I brought about 3 books on real estate investing. I, too, have a three apartment building and a small investment property. When I look back a few years ago, I wish I actually have read this book to evaluate the potential purchases. I did okay in the end, but having to know the concepts and the GRM (Gross Rent Multiples) was the simplest thing to understand and only consistent way for me to compare investments properties. Other books tell you to compare the recent comparable sales, the replacement cost, building cost, etc to come up with the right figures. Frankly, those 'tools' mentioned in other books were not as useful as the GRM method mentioned in this book. The author also explains how the GRM changes, depending on the neighborhood and the locations. So, having that knowledge, I am able to compare properties very quickly to weed out the ones that I do not want. Once I have narrowed down the list of potential properties, then I can use the other methods to do the detailed analysis. I feel better now that I can now compare apples to apples. The sections toward the end were skimpy, but the overall value of this book is great. I recommend to a novice investor, as well as someone like myself who has been in it for about 6 years and still have a lot to learn.
Basic Read August 1, 2007
0 out of 1 found this review helpful
Great book for beginner investors who want the basics of multi-unit investing. There are a lot of strategies that can be learned from his experiences.
This book would go great with another book I read called Bubble Proof: Real Estate Strategies that Work in any Market by Tonja Demoff. She has such a great attitude and spin on real estate investing.
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