Reynolds Jr the classic real estate investor book of all time was written (first version) in 1959, is NOT about wholesaling, and contains none of the latest tricks, fads or improbable tactics.However, it is the absolute BEST primer for anyone thinking of entering the residential or small commercial real estate arena.

The apartment was formerly a 7 bay garage (a former owner was a classic car dealer).

We just did a classic re-piping for one of our SFR rentals. 

Any new ones that have more current info than some of the classics? 

And, what would a classic loan look like in terms of interest rates, percentage down, points, years, etc. for someone in this fledgling stage of their journey?

I'm a bit of a classic car enthusiast and like most of us out there, we just don't have the cash sitting around to dump on a fun vehicle that needs constant attention and can be costly depending on what you want.

A classic example of placing a cart before the horse!

-the seller should collateralize the note with the property (although the construction lender will want the note subordinated), pay off the loan (in addition to regular payments) with release fees as each lot is sold, and make sure the interest is paid (not accrued) regularly.Your issue is classics dealer vs investor issue.Note: Classification of gain as capital or ordinary is determined property-by-property, based on the statutory determination of whether the property is a capital asset or property held for sale to customers in the ordinary course of business.

Experienced investors can also revisit some of the classics or find some newer books and books you wouldn't expect to be on that list!

. :)Classic lawyer answer: it depends.Non-humorous answer: it really does depend.Real-life answer: no, it really does depend.On what?