Wanted: Book Recommendation
A member of my family is smitten by the seemingly easy money to be made in real estate. I of course disagree, but the argument is futile. I'd like to help her be more successful in choosing a property. Is there a book on investing in real estate that sticks to the tenants of Value Investing? "Value Investing in Real Estate" by Gary Eldred looks like a poor choice.
Any help would be appreciated. My thoughts on DCF and NOI were not very persuasive.