New book caters to ‘big time’ real estate investors

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For some unexplained reason "The ABC's of Real Estate Investing" by Ken McElroy has become a best seller on several national lists of business books. After reading the book, "publicity hype" seems to be the prime reason for the book's popularity. Content alone certainly is not the reason. If you want to become a tycoon real estate investor, acquiring large apartment complexes, this new book shows how a "big time" investor goes about investigating and buying large property acquisitions. McElroy explains how he and his "team" went to Portland, Ore., to spend a few days investigating apartment purchases because their research showed it would be a good place to invest. They eventually bought a large waterfront property, but the details of their purchase and property rehab are limited. Based in Phoenix, professional property manager McElroy explains how to evaluate apartment building acquisitions to buy at the right price. He doesn't provide much detail as to how he acquires cash down p...