Book Review: HOLD: How to Find, Buy, and Rent Houses for Wealth by Steve Chader, Jennice Doty, Jim McKissack and Linda McKissack

What this book is about:
The book is about building wealth through real estate investments with a focus on yield instead of capital appreciation.

The book is divided into different stages of property investment: finding the property, analyzing each deal, buying and managing the property, and growing the portfolio. There are some files the author created that contains checklists or spreadsheets which are useful for inspecting the property or calculating returns.

What I like about the book:
The investment strategy outlined in the book is very fundamental and if executed well, involves low risks.

It emphasizes the importance of cash flow and making money going in (buying at discount to market price).

Managing properties can be a pain and reading the book allows me to understand the work needed to succeed. I also like the part where the author discusses the types of investment return from property investments: (1) capital appreciation of the property; (2) net cash flow received from rental income; and (3) repayment of mortgage principal.

What I dislike about the book:
This book is catered for US readers and discusses some tax advantages of property investments which are not applicable to investors elsewhere in the world.

Although the content of the book is rather basic, I recommend the book to readers who want to begin purchasing investment properties.