A new better--than--ever edition of the classic real estate investor's bible Real estate remains one of the safest, most reliable, and most popular ways to invest. This new revision of one of the top--selling real estate books in the world is easy to read, packed with examples, and includes all the tools and tips readers need to make money investing in houses and small apartment buildings. Topics covered include owner financing, valuation techniques, maximizing cash flow, fixer--uppers, foreclosures, and lease options. All material has been updated to reflect changes in tax laws, financing, property markets, and alternative investments. Andrew McLean (Evansville, IN) has broad real estate experience and has written six other books, including The Ultimate Guide to Residential Real Estate Loans (0--471--61713--X). Gary W. Eldred, PhD (Gainesville, FL), is a realtor who has served on the graduate business faculty at Stanford University and the University of Illinois. He is also the author of the Make Money series, Yes! You Can Own the Home You Want (0--471--09978--3), The 106 Common Mistakes Homebuyers Make (and How to Avoid Them) (0--471--12658--6), and The Complete Guide to Second Homes for Vacations, Retirement and Investment (0--471--34967--4), all published by Wiley.