Chapter 3

"Buying and selling real estate: On your way to the bank"
By David Barker 2007 January 20
http://www.freenewmexican.com/news/55557.html

This story first discusses how simple and easy the average person believes the business of flipping houses is. All potential investors think that there is little to it. The article then goes on to talk about two specific books written by experienced real estate investors that discuss important knowledge for beginning investors. The first book is named Buy Even Lower: The Regular People’s Guide to Real Estate Riches. It’s written by Scott Frank and Andy Heller, and it is about the rules that must be followed in order to have a successful sale. According to them, people interested in pursuing this type of work would soon find that “ real-estate investment is no quick and easy route to riches.” and that “it takes a lot of leg work”. Real estate investing takes determination, anyone thinking of going after this type of career must be dedicated to it.
The second book, written by Boaz Gilad and Suzanne Gilad, The Real Estate Millionaire: How to Invest in Rental Markets and Make a Fortune, is about real estate investing as well however, this book begins by focusing on inspiration to get past the harder times that occur during the purchase of the first few properties. After, the authors try to turn that inspiration into commitment, because “for the Gilads, everyone has the ability to be a successful real-estate investor”.

Relation To Chapter 3

People interested in the real estate market purchase books such as these to educate themselves. With this operation the authors (the sellers), as well as the individuals that purchase their books (the buyers), and the buyers of homes (third party) benefit. Authors make money by writing books, and when these books are sold, potential real estate investors are able to learn more. With more knowledge of real estate, those potential investors can purchase houses below market price, fix it up, then sell a more superior house at or above market price than one who has no knowledge of the rules described in those books. When these investors produce quality houses, homebuyers also profit from them. Not only do they live in a more comfortable home, it’s also more attractive which may lead to the market value to increase, which can then lead to an earning if they ever wish to sell their house.