All Forum Posts by: Dan Hughes
Dan Hughes has started 1 posts and replied 2 times.
Post: Trying to figure out REI in the current economy
- New to Real Estate
- Twin Cities, MN
- Posts 2
- Votes 3
Quote from @Tony Pellettieri:
Hey Dan, Welcome to Bigger Pockets!
I've found Audible Audiobooks are a great resource to learn from. I use Audible daily. I can listen to books and educate myself on whatever I want while at the gym, in the car, etc.
Audible has been game changing for me as I can't read fast but can absorb audio information quickly and thoroughly.
I have read/listened a few higher level books and am starting to focus on learning more about specific topics.
Below is what I have read so far. I'm looking to find books that have been written more recently and take into account at least the post-pandemic economy, if not also the new variable of rising interest rates AND rising house prices. Most older books these two factors are an OR not an AND.
PS, I acknowledge that people have differing opinions about some of the books on this list. I have not committed to any one strategy at this time.
| # | Book | Author | Released on Audible | Purchased | Finished |
| 1 | Rich Dad Poor Dad: 20th Anniversary Edition | Robert T. Kiyosaki | 5/14/2019 | 11/19/2023 | 12/2/2023 |
| 2 | Start Late, Finish Rich | David Bach | 2/16/2005 | 11/29/2023 | 12/7/2023 |
| 3 | Rich Dad's Cashflow Quadrant | Robert T. Kiyosaki | 1/1/2012 | 12/8/2023 | 12/15/2023 |
| 4 | Rich Dad's Guide to Investing | Robert T. Kiyosaki | 1/1/2012 | 12/17/2023 | 12/29/2023 |
| 6 | Rich Dad Poor Dad for Teens | Robert T. Kiyosaki | 1/2/2013 | 12/28/2023 | 12/30/2023 |
| 5 | Rich Dad's Before You Quit Your Job | Robert T. Kiyosaki | 11/29/2012 | 12/15/2023 | 1/7/2024 |
| 7 | The Real Book of Real Estate | Robert T. Kiyosaki | 11/8/2016 | 12/30/2023 | 1/12/2024 |
| 8 | Long Distance Real Estate Investing | David M Greene | 12/21/2017 | 1/11/2024 | 1/19/2024 |
| 9 | How to Buy Your First Investment Property | Rich Dad Team | 4/1/2014 | 1/19/2024 | 1/22/2024 |
| 10 | Start Your Own Corporation | Garrett Sutton | 4/2/2019 | 1/23/2024 | 1/28/2024 |
| 11 | Investing For Income And Building Wealth In Real Estate | Roger K. Daneth | 12/13/2023 | 1/28/2024 | 1/29/2024 |
| 12 | Plug the Holes, Fill the Barrel | Jason Kogok | 1/25/2024 | 1/29/2024 |
Post: Trying to figure out REI in the current economy
- New to Real Estate
- Twin Cities, MN
- Posts 2
- Votes 3
Hi All. New member here. Considering REI but trying to educate myself first. Biggest concern is how to gain cash flow in the current economy with high house prices, increasing interest rates and flat rental rates. I can't figure out how it is possible to get income out of a rental property if it seems like the PITI alone is going to be more than the possible rental rates. Looking for modern educational resources that are up to date on how to make REI work in this economy. Most traditional resources, like books, are starting to seem obsolete considering they seem to use a model of low house prices, low interest rates and being able to keep raising rental rates.