About a week ago, I mentioned that I’m interested in learning more about real estate investing. The two sources for more information that people suggested were the writings of John T. Reed and Home Buying for Dummies. I can’t vouch for either of these, although the latter seems to focus more on purchasing a residence than an investment property. I did, however, run into a great rental property calculator over at Kiplinger.com that allows you to project income, expenses and tax benefits over five years, thereby allowing you to figure out if/when you’ll wind up in the black on any particular property. It’s based on a pretty detailed worksheet, so you need to have a fairly clear idea of your own financial situation, as well as the details of the property. But if you can pull together (or estimate) the necessary information, it’s definitely worth checking out.
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