Average Reviews:
(More customer reviews)Misko's book is not long, but it is not light bedside reading. There are 47 separate strategies for financing real estate of all types, which are presented very (too) succinctly through a short paragraph on the idea, another paragraph or two outlining the actual strategy, and finishing with a scenario or case history of the strategy applied. Each strategy gets 2 short pages of treatment. There is also a glossary of real estate terms which is useful if not exactly complete, a list of potentially useful websites for the investor, a section on IRS trustees and custodians, and the complete Section 1031 (Starker Exchanges) of the IRS code!
Misko's point can be summarized easily: with enough imagination and luck in finding the opposite party to a transaction, almost any deal can go through as a win-win proposition. No one could argue with that.
If there is a problem with the book - and I think that for most people there would be - it is that many of these strategies are quite involved or complicated or at least very novel to less experienced investors, and really need a bit more in-depth explaining. The strategies are given little more than back-of-the-envelope exposition, and would all benefit from explantions targeted to a less sophisticated audience. Additionally, the examples should come with diagrams showing the flow of the deal, and the movement, source and uses, of all monies involved, as well as financial structures used. The strategies would be much clearer, and much more likely to be used by the reader.
On the whole, though, for the investor who is already involved in real estate, this book provides a wealth of ideas, any one of which could help close the next deal. Further, Misko gets the reader thinking in non-linear ways about becoming a problem-solver, which is perhaps the greatest benefit of reading his book.
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Ever wonder how real estate magnates become real estate magnates? By filling out mind-numbing mortgage applications? By making personal guarantees to their bankers? Hardly. For years, successful real estate investors have used nontraditional methods of securing funding. They have created effective money strategies that circumvent banks, yet result in profitable deals. Now, real estate professional James Misko makes these innovative techniques available to the general public in How to Finance Any Real Estate, Any Place, Any Time.In this easy-to-use guide, Jim offers more than forty-five nontraditional ways to buy properties. These are not pie-in-the-sky theories, but proven strategies that will put the wraps on virtually any real estate purchase. In this book, you will learn how to turn your dwindling stocks into real estate equities, how to acquire land without money, and so much more.If the only thing holding you back from buying your dream house or investment property is financing, maybe it's time to buy "outside the box" with How to Finance Any Real Estate, Any Place, Any Time.
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