• Real Estate Investing: 15 Valuable Lessons Needed to Achieve Success

  • By: Mark Atwood
  • Narrated by: William Bahl
  • Length: 1 hr and 37 mins
  • 4.5 out of 5 stars (71 ratings)

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Publisher's Summary

Are you ready to quit your job forever and live the rest of your life on your real estate investments? Go through these 15 powerful real estate investing lessons to accelerate in your investing career and live the rest of your life like a king!

Real estate investing is a fairly lucrative way to make money, but only if you understand how real estate investing works. Even if you have already become established in the real estate market, the intelligent investor always knows that there new things that you can learn. That's where this audiobook can guide and add massive value to both the beginner and the experienced real estate investor. There are 15 unique lessons in this audiobook that will teach you about different areas of real estate investing. It is highly recommended that you go through all of them in order to achieve the success you want as a potential or already established real estate agent or investor.

©2017 Mark Atwood (P)2017 Mark Atwood

What listeners say about Real Estate Investing: 15 Valuable Lessons Needed to Achieve Success

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Great resource for all Real Estate Players

It’s a good online course in Finance that I have never learned before. I have gained the basic knowledge of financial markets and their applications in reality.

Absolutely right, finance is not just about making money that I thought before joining in this course, and as a popular opinion as well, it is more than that, it has much more meaningful.

This audible has brought to me the necessary skills to make more rational decisions in my life, in my future career, I think. It’s also helped me to realize how I should work in this sector to serve the right purposes, to make the people living around me to be better. And it’s true that educational finance is very important to everyone.

19 people found this helpful

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Wave of the future

Investors in commercial real estate have many advantages and opportunities than other investment strategies do not offer. When the benefits are seen, the next thing to do is think about the current market conditions. To answer the question about how to invest in commercial real estate and that is with due diligence. Just like with any investment, you have to do your homework. Learning how commercial investing works is important, but actively doing research is the most important. The reason to do due diligence is to make sure the property is a viable option. An investor needs to understand residential and commercial properties are valued differently. Income with commercial properties comes from the usable square footage, and investors earn more money from multi-family properties. Remember that commercial leases are longer and make way for more cash flow. Top investors know when a deal is good. What is their secret? They make sure they have an exit plan. Your best deals should be ones you can get out of quickly without any questions. Make sure you have a good eye for being a landowner. Look for damage that is going to need repair. Know how to assess risk and do not be afraid to get out your calculator to make sure the property will meet your financial goals.

17 people found this helpful

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A+ value so far for new investors

Property management is the managing of industrial, commercial, residential real estate that includes shopping centers, condominium units, detached houses, and apartments. It involves managing property that is owned by others. Property managers work for the owner to take care of the property while still bringing in profits. A big decision that you will need to make when you become a landlord is if you should hire a property management company. Many will manage properties by themselves or with the help of other employees like a resident manager. Sometimes a landlord is going to need more help. This is when a property management company comes in handy. There are some agents that act as their own property manager. Brokers who live in a resort town might give sellers and buyers agent services as well as property management. This broker will also list, show, and lease vacation rentals. Property managers can help the owner with budgets, advertise rental properties, collect rent, interview tenants, comply with all local real estate board and landlord-tenant laws, and keep up their properties. Construction, exterior and interior cleaning, and preventative maintenance would all be a property manager’s responsibilities. Owners pay the managers a percentage or fee of the rent that is collected. These companies are a large asset to your business. They aren’t cheap. There may be other reasons why you do not want or need one.

14 people found this helpful

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Simply be aware it

Simply be aware it is pretty great knowledge though I loved the full extent they used. They moved on a little bit of everything. You won't be an expert at anything when you put this book down but you will be aware of a lot of the real estate Valuable Lessons.

3 people found this helpful

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Wholesale GODs

Wholesaling in real estate works a lot like flipping except you have a shorter time frame, and the repairs aren’t made before it’s sold. The wholesaler will make a contract with a home seller, and then they assign the contract with a buyer. The wholesaler gets a profit. The profit is the difference between the amount that was agreed upon with the seller and the how much the buyer pays. Their goal is to sell the property before their contract runs out. This is how a scenario would typically play out: The house is under contract with the wholesaler for $80,000. They think the property needs about $15,000 worth of repairs. They think they can get $125,000 for it after repairs are made. They use their investors and finds a buyer who will buy it as is for $95,000. They assign an investor a contract, who now “owns” the fixer-upper. The wholesaler has now made $15,000 profit without actually owning the property. The important thing is to have a contingency in your purchase contract what gives the wholesaler to get out of the contract if they are unable to locate a buyer before it closes. This helps to limit the risk. Since the wholesaler does not actually buy the property, wholesaling is less risky than flipping. Flipping involves renovation coast and carrying costs. Wholesaling does not require as much capital as flipping. Making sure you have just enough money to make payments on a couple of properties works for wholesaling. Success depends greatly on knowledge of the market and how connected to they are to investors. Grocery wholesalers will receive their products in bulk from major farming, processing operations, ranching, and manufacturers. They store them in a warehouse and then send out smaller amounts to grocery stores. It takes resources and money to do this kind of wholesale business.

1 person found this helpful

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A true mindset shift!

Real estate can provide great income opportunities. Most people think real estate agents have to sell houses and properties to people. That simply isn’t true. You can make money selling houses but having your real estate agent’s license can save you money and help you make more money. The best things about real estate are the various options to make money. Investing in real estate while being an agent can pay off greatly. Being an agent can help with investment strategies. You can save thousands on every transaction and earn high returns. If you purchase a lot of properties in a year’s time, you could save tens of thousands of dollars alone. This does not include any profits you can make if you aren’t an agent. If you buy more than two properties each year, you really should think about getting your license. Even if all you do is buy your own properties, it is going to save you lots in commissions. On each property you buy, you are going to save money since you are paid the commission since you are the buyer's agent. An agents commission could be two to three percent with each deal; it will all add up to mega money.

1 person found this helpful

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Fascinating

This book opened my eyes. It has many useful information and techniques. Also, Mark is the good mentor. Thank you, I recommend this book for everyone who is beginner In real estate investing.

1 person found this helpful

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Keep forever.

Through this course, I have learned not only technical financial terms but much deeper meaning of the financial markets which I always wanted to understand. I feel very lucky that I took this course.

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Solid Foundation on Flipping Properties

House flipping is when a real estate investor buys a home and then resells it at a profit several months later. Is there money to be made doing this? Yes, there is. You can, in fact, make decent money with this. There’s also a chance that you could lose everything as well.

There can be some real bargains to be found in real estate. There are around one to two million foreclosed homes on the market every day.

Due to a depressed market and tight lending standards, you need to make sure you have plenty of cash and amazing nerves before you start flipping. Think about buying a property for $45,000, investing more than $15,000 in fixing it up and nothing happened. Nobody is interested. Now, you must pay the mortgage or rent where you currently reside plus now you have a mortgage to pay for this new property, utilities, taxes, and insurance.

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Laid out how simple wholesaling can be

If you sell a lot of properties, you are going to have a lot of paperwork. This will be the most annoying part of having a real estate license. You are responsible for writing your offers, submitting papers to attorneys, brokers, agents, the MLS, etc.

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  • Sylvia Livingston
  • 03-26-21

Best strategy I've come across

All you have to have a great credit score. Lenders have higher standards for home loans, especially for house flippers.

You must have cash in hand. Make sure you have the cash for down payments so that you can avoid private mortgage insurance with a second mortgage. You could also choose to take out a home equity line of credit if you can qualify, and if the house is cheap enough at auction. If you have a lot of money in savings, and you can find a house that is bargain basement priced, then buy the house, and then get a line of credit or a small loan to help cover your renovations, realtor fees, and closing costs.

You have to understand the market. You first have to find a house that is in a good location, do the necessary renovations, and sell it for a profit as fast as possible. To sell the house fast, it needs to be in a good area. The more time it takes to sell the property, the more income you lose in mortgage, insurance, utilities, and property taxes.

20 people found this helpful

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  • James Musser
  • 04-16-21

Has so much

You will need to negotiate and find deals at a discount that will give you a profit but still gives the buyer a discount. Your expenses are low, and the correct deals will give you a profit. You can control properties many different ways as a wholesaler. One way is an assigned contract. You agree to a contract with a seller to purchase the property that has an assignment clause. This means you can give your purchaser's rights to another person who will eventually be your buyer. You will only need to put up a slight amount of money. You then sell the rights to a buyer for a profit. This new buyer will take over the contract and becomes the new buyer, and it releases you from the contract. Another way to do it is to purchase the house and then mark it up to sell. There is a lot of financing fortransactional lenders. Since you will be selling or buying the property within hours or days, the lender only needs to buy the house for a short time period. You are not going to take the time to fix up the property. You will get charged a large interest rate for a little amount of time with some other fees. Making sure your structure your selling and buying correctly to take care of expenses is the best way to make a profit.

15 people found this helpful

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  • Theodore
  • 04-13-21

Wonderful piece of work.

I have a Real Estate background. Years ago I wanted to gain the skills to work in commercial Real Estate.

This audible is a GREAT value, and it appears to cover the most necessary skills.

I am inspired to get my license reactivated.

13 people found this helpful

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  • James
  • 04-18-21

Wholesaling bible!

Commercial properties are a path to build a huge amount of passive wealth. It offers many advantages over residential investments like lower vacancy risks, better contracts, steady cash flow, and higher income potential. Commercial investments come with obstacles, too. They offer substantial upsides; these undertakings make investors look for deals. The main thing to know is how they actually work. Commercial investments consist of buying properties to be used for business purposes. Then they lease out the space to collect rent from other business owners who occupy their space. These properties can be called mixed-use buildings, warehouses, apartment buildings, industrial buildings, office, and retail spaces. If you want to know how to invest in this type of real estate, there are some things you need to do including due diligence and market research before ever thinking about buying. There are many benefits that are associated with owning commercial real estate. Owning commercial real estate is rewarding both financially and personally. For most investors, their main objective is for security and wealth. Others use it for increased diversity on their investment and tax benefits. The first step is knowing what benefits they offer and how they can benefit you.

4 people found this helpful

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  • Allison Barron
  • 04-20-21

Teaches you how to make money

Most flippers will list their home with a real estate agent. These people sleep and eat real estate. They will provide you with buyers and can place your property on the MLS database. They are also up to date on current market fluctuations. They will provide you with access to the best network and skills to get you a great price.

If you want, you can also sell the property yourself. This will help you to save money on realtor fees, but if there is an uncertain market, you may have to wait to sell your house. Listings and showings take time. If you aren’t going to be available every time a person is interested in viewing the house, and you do not want to take time to do an open house, working with an agent would be a good choice.

Flipping houses do come with a lot of risks. They also give great rewards. As a flipper, you have to be prepared for the fact that the house may not sell quickly. Flippers need to be able to make hard decisions like whether or not to take an offer that is lower than what you are asking, but you will still make a profit. If you can handle the ups and downs and you are enthusiastic about fixing and selling houses, then house flipping may be a good fit for you.

1 person found this helpful

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  • Kenneth Jones
  • 04-22-21

Described in a simple words

Make sure you know how to negotiate. The less money you have to spend on a property, the more you will be able to make with your flip. You also need to be good at negotiating so you can haggle with workers and contractors.

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  • Ronal
  • 04-21-21

Is it worth becoming a real estate agent in 2021?

As an agent, you can access the Multiple Listing Service (MLS) so that you can do your own research, and you do not have to rely on an agent to find a good deal. You do not have to wait for your agent to send you listing since you have them right in front of you. Search the listings several times each day, and make an offer the first day a property you might be interested in is listed. You will be able to pull comparable information from the MLS to find the value of a property. This is one of the main things to do as an investor, so you will be successful. When you are a real estate agent, you get to fraternize with others that are in real estate. The more people you have access to, then the more you can spread the word about the property you are looking for. You typically get you best deals brought to you, and not the ones you locate. Inform the people you know that you are on the market for an investment property. It’ll surprise you with what will turn up. You might even be able to buy a property before it ever gets listed because of your contacts.

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  • Alberto B.
  • 04-21-21

Bible of rental real estate investing

This course is so useful to know about finance in depth it gives more examples about the finance . It help to make more decision in finance market. It also motivate students to attract towards finance

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  • Bertha
  • 04-20-21

Change ur mindset on investing

Hiring a company is a great option if you can afford one. When you begin to interview companies, you are going to quotes that will range from five to ten percent of what you collect in rent. If the market is down and you can manage your properties by yourself, you might want to continue to do so until the market turns.

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  • Jennifer
  • 04-19-21

Learning was fun

You need to know how improvements will increase the value of the home. These improvements should be done first. Improvements that increase the property’s value could include upgrading the flooring, installing more closet space, repainting both the in and outside of the house, and upgrading the kitchen. Stay away from improvements that will not increase the value, such as adding whirlpool baths, a sunroom, or a pool.