In this episode of "Ask Marco" we answer more listener questions including:

Do you have any newspapers or real estate journals you read frequently?
Any books you can recommend to someone with little capital?
What benchmarks do you use when evaluating a property as it relates to the property's age?
Do old houses appreciate as well as newer houses?
Does a remodel catch an old house up to new house profitability?
What is the process like for a Canadian to invest in real estate?
And more...

 

Here is my list of the Top 10 Real Estate Investing Books

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Ask Marco - Top 10 Real Estate Books, How Important is a Property’s Age, Investing as a Foreigner
On today's show, we're doing another Ask Marco episode. We have three questions here that were sent in just not too long ago from our website at PassiveRealEstateInvesting.com.

Our first email is from a guy named Josh. He says, "Hi, Marco. I recently started listening to your Passive Real Estate Investing podcast and love it. I just graduated from school. Despite not having the money to invest now, I am looking to educate myself in anticipation of the opportunity. Do you have any newspapers or real estate journals you read frequently or any books you can recommend to someone with little capital? I appreciate your willingness to answer questions and guide newcomers to the field. Keep putting out a great podcast."

First of all, I don't know why newspapers are still around. It's just amazing that there are still around after all these years, especially with the explosion of the internet. Newspaper started dying off in the 1950s after the introduction of the television, at least when it went mainstream. Ever since the internet exploded, information at your fingertips, you can pull up almost anything instantly. There's so much free information out there. I don't know if you really need a newspaper. However, magazines are still around. I like magazines actually, I like holding them even though I have an iPad where I read everything from.

Real Estate Books: The other publication is called Realty411. You can actually see a copy of it on our website at NoradaRealEstate.com.

There are two magazines in the US where you can get good information on real estate investing. One is called Personal Real Estate Investor Magazine. It has a limited circulation, but you can find it or you can subscribe to it. I do have it. I rarely find the time to read it so it just sits on my credenza. But there are good articles in there. The other publication is called Realty411. You can actually see a copy of it on our website at NoradaRealEstate.com. In fact, it's the issue that I'm on the cover. You can click on that and it'll take you to their website. From there, you could probably figure out how to subscribe to it.

However, I'm not necessarily suggesting that you use newspapers and magazines to educate yourself. There is so much free content on the internet, on real estate forums, with podcasts and with all the books that are out there that you could find yourself swimming in information to the point where you may not even end up doing anything. It might be analysis paralysis.

I do agree that knowledge is the key. It is fundamental. It's my first rule of successful real estate investing. You do need to educate yourself. I consider knowledge to be the new currency. If you don't educate yourself and you don't have that knowledge, then you're really going to be stuck or doomed following other people's advice. You don't know if that advice is good or bad. Knowledge will help make you a good investor and actually it'll t...