Real Estate Investing For Dummies, 2nd Edition!

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Introduction
Welcome to Real Estate Investing For Dummies, 2nd Edition! We’re delighted to be your tour guides. Throughout this book, we emphasize three fundamental cornerstones that we believe to be true.
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Description

W elcome to Real Estate Investing For Dummies, 2nd Edition!
We’re delighted to be your tour guides. Throughout this book,
we emphasize three fundamental cornerstones that we believe to be true:
Real estate is one of the three time-tested ways for people of varied eco-
nomic means to build wealth (the others are stocks and small business).
Over the long-term (decades), you should be able to make an annualized
return of at least 8 to 10 percent per year investing in real estate.
Investing in real estate isn’t rocket science but does require doing your
homework. If you’re sloppy doing your legwork, you’re more likely to
end up with inferior properties or to overpay. Our book clearly explains
how to buy the best properties at a fair (or even below-market value!)
price. (Although we cover all types of properties, this book concentrates
more on residential investment opportunities, which are more acces-
sible and appropriate for nonexperts.)
Although you should make money over the long-term investing in good
real estate properties, you can lose money, especially in the short-term.
Don’t unrealistically expect real estate values to increase every year. As
many folks experienced in the late-2000s, they don’t! When you invest
in real estate for the long-term, which is what we advocate and practice
ourselves, the occasional price declines should be merely bumps on an
otherwise fruitful journey.