Finance Questions

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Question: What are the best real estate books to begin with for self-education?

I'm looking to change careers into real estate, and have a personal interest in beginning a portfolio of investment properties. What are the best books out there dealing with Real Estate Finance, buying foreclosures, renting properties, flipping, and understanding the general market? Also, what newspapers/magazines do you recommend?

Answer: There are some good books out there but generally they give you either the view from 30,000 feet or they is an agenda that is not grounded in reality. The best thing to do is to get specific about what you want to do in investments: residential, multifamily, retail, office, ground leases, part of a TIC, an investment team, or single source investment. Then know your market where you want to invest. Get to know everyone that can effect or support your investment area: city planners, neighborhood associations, etc. There are loads of things you should do but first you need to get specific about what you want to do.

The RBS Personal Finance Education Awards for Schools, 2010 ceremony highlights