Showing posts with label real estate. Show all posts
Showing posts with label real estate. Show all posts

Find It, Fix It, Flip It: Make Millions in Real Estate--One House at a Time Review

Find It, Fix It, Flip It: Make Millions in Real Estate--One House at a Time
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This is an honest little book, outlining and providing you with information that the trade shows and REI trainers don't tell you. The only concern that I have is that profitable properties under the scenario described in this book are not that common to find, and if they are, the lots alone go for 200 to 300k or more. You probably need not look in most average subdivisions as the potential price appreciation could not support the model. I suspect that you will have to find a careful set of circumstances like he has in the California market where the profit potential is large. Having said that, I currently hold title to 10 properties and have done remodelling on others that I later sold. But I believe that the information contained in this book will allow me to "step it up a notch" to the next level of profitability. At worst, it is another arrow in your investing quiver.

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How to Acquire $1-million in Income Real Estate in One Year Using Borrowed Money in Your Free Time Review

How to Acquire $1-million in Income Real Estate in One Year Using Borrowed Money in Your Free Time
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I completely disagree with the previous reviewer. I believe that Hicks offers much to the beginning real estate investor. If the writer of the previous review does not believe that it is possible to get into real estate investing with little money of your own he is very mistaken. And I just read in one of another of Hick's books today about the value of starting slowly.
The phrase OPM (other people's money) has been valid since Robert Allen starting tossing it around and it is still valid.
Tyler Hicks is an interesting fellow. He is an engineer as well as an investor, and a prolific author in many fields. He graduated from Cooper's Union in New York City, a school that you cannot buy your way into. Yes, he does like to sell his newsletter, but big deal, it is a helpful resource and much cheaper than many of the bootcamps the "guru's" offer. I have actually spoken to him on the phone, he offers his live phone number to the readers of his books. By the way, the writer of the previous review has his own products to sell. That is okay, but he should not defame others on his way to success.


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The Weekend Millionaire's Secrets to Investing in Real Estate: How to Become Wealthy in Your Spare Time Review

The Weekend Millionaire's Secrets to Investing in Real Estate: How to Become Wealthy in Your Spare Time
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I never really understood why people get so excited about real estate investing until I read this book. Now I finally got it. The tax shelter, the leverage potential and the long term benefits all make sense now. Best of all I liked the 8 weekends where they tell you exactly what to do to get started. This has to be the best $15 I've ever spent.

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"Everything you need to know to make millions by investing in real estate. Be smart -- take advantage of their invaluable experience to help you reach your financial goals."--Jack Canfield, Co-author, The Power of Focus, Dare to Win, and the Chicken Soup for the Soul(R) series.

A proven formula for making a killing in small real estate investments in all market conditions

Millionaire real estate investor Mike Summey and nationally recognized negotiation expert Roger Dawson team up to offer a complete program for becoming a real estate magnate in your spare time. Unlike all the get-rich-quick real estate investment guides on the shelves, The Weekend Millionaire shows readers how to look beyond price to the fundamentals of what makes a property valuable and to leverage that value in order to build wealth, consistently, over years. It also teaches them an original, win-win negotiating strategy in which the buyer determines the terms of the purchase and lets the seller determine the price.

Readers get clear, step-by-step guidance on how to:

Find great investment properties
Approach sellers
Structure a win-win proposal
Get a proposal accepted--even with no money down and bad credit
Negotiate a transaction
Manage and maintain properties for increasing returns


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10 Steps to Home Ownership: A Workbook for First-Time Buyers Review

10 Steps to Home Ownership: A Workbook for First-Time Buyers
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I recently read Ilyce Glink's "10 Steps to Home-Ownership" and came away impressed. She has great worksheets, and an objective, no-nonsense approach to the home ownership process. I recently closed on a home in the Southern California area and used "10 Steps" to prepare me for the process. I found myself referring to Eric Tyson's "Home Buying for Dummies" more than this book once I activeley looked for a home. However, I felt "10 Steps" was a good starter for the process and the worksheets made me comfortable with what I wanted and how much I can afford. One small complaint: she includes 70 pages of interest rate amortization tables which could be easily translated on one page.

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Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time Review

Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time
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This book gives a great description of the procedural nuts and bolts of purchasing tax certificates, with a lot of emphasis on my own home state of Florida. Unfortunately I learned this week from attending a local auction that it is extremely difficult for the average investor to compete with the institutions in actually purchasing certificates, much less in obtaining anything greater than the absolute minimum available rate of return.
After reading this book, I attended the first day of my own county's auction with high hopes. Unfortunately I found that there were approximately 125 or so other persons attending it. In our State the maximum rate of interest is 18% and bids can go all the way down to 0.25%, with the statute providing that when redeemed, the purchaser is still paid at the rate of 5%. At our auction whenever a certificate was offered, at least half of the people present would immediately raise their buyer cards and shout out their willingness to accept the absolute minimum rate of 0.25%. Frankly I did not know how the auctioneer could legitimately determine which of the 50 or so people had actually bid first, but I did see that many of the certificates seemed to have been awarded to those sitting in the seats closest to the auctioneer.
After returning home in total disgust, I decided to review the day's results online. I discovered that in only the first hour, approximately 100 different buyers had been awarded certificates. One might assume that there had been a fair distribution of the available certificates among everyone who had been present. However, when reviewing the mailing addresses of these 100 different buyers, I discovered that about 70 of them shared only six or seven different mailing addresses. Each of the entities sharing those six or seven addresses had sent up to 15 individuals to bid on their behalf. You do the math and you can see that one lone individual has very little chance of even getting a certificate under such a scenario, not to mention ever getting a higher rate of return than the bare minimum. The proceeding that I attended hardly justified being called an "auction" and it certainly didn't seem fair.

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An investment alternative that gives fixed returns of 10 to 25 percent. Profit by Investing in Real Estate Tax Liens introduces an investment alternative that is safe, secured by real estate, administered by the government, involves no brokers, is enforced by state law, and gives fixed returns. Selling tax liens or tax deeds (depending on the state) are the two ways that counties across the country bring delinquent property taxes up-to-date.This investment is one of the least publicized and safest ways of investing in real estate, designed to give the investor either a fixed return, as in the case of investing in tax liens, or a property for 10 to 50 cents on the dollar, as in the case of a tax deed sale.In most situations, the property is ultimately transferred free of any liens, such as mortgages. Profit by Investing in Real Estate Tax Liens also debunks the common myth that tax delinquent properties are run-down and shows that liens exist on every type of property.Author Larry Loftis, an attorney and active investor, has purchased liens on properties owned by Julius "Dr. J" Erving, Hector "Macho" Camacho (world champion boxer), Chase Manhattan Bank, LaSalle National Bank, and even a building whose major tenant was the local sheriff's department! In this authoritative guide, Loftis helps investors avoid the pitfalls while answering all the key questions they need to consider: * What's the difference between investing in tax liensand tax deeds? * How does an investor go about bidding at tax sales? And what is the process? * What are the different requirements in each state? * Where are the greatest risks in this kind of realestate investing? For investors eager to get started, Loftis's action plan provides details on the next steps to take, while real-life examples in every chapter bring the concepts down to earth.

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Real Estate Tax Secrets of the Rich: Big-Time Tax Advantages of Buying, Selling, and Owning Real Estate Review

Real Estate Tax Secrets of the Rich: Big-Time Tax Advantages of Buying, Selling, and Owning Real Estate
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It should come as no surprise to you that the Federal Income Taxes are horribly confusing. They contain all kinds of special loopholds, private benefits, bureaucratic rulings and whatever that it's very difficult to follow.
This book takes one small subset of the tax code, that pertaining to real estate and pointing out literally hundreds of rulings that you probably never expected. For instance -- Interest on mortages for your home, both principal home and second home is deductable. But. What's a home? A place that 'provides basic living accommodations such as a sleeping place, a toilet, and cooking facilities.' Does your motor home, travel trailer, or boat provide such accommodations? Yes, then it's a home. What if you rent it out some of the time? She provides the IRS rulings.
The book is well written, not difficult to follow, and almost certainly can enable you to find enough deductions to cover it's fairly low cost.

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IRS insider Sandy Botkin reveals the tax strategies you can use to increase your ROIs by as much as 20 percent-whether you're a home owner or a real estate investor. This accessible guide demystifies real estate taxes and shows how to achieve maximum benefit when buying, owning, selling, managing, repairing, and investing in properties.

Features numerous forms, charts, sample documents, and other valuable tax-saving tools
Gives you the basics on real estate taxes and shows how to take full advantage of tax loopholes


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Home Staging That Works: Sell Your Home in Less Time for More Money Review

Home Staging That Works: Sell Your Home in Less Time for More Money
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I am a professional home stager who is constantly researching for new information. This is a good, basic and informative piece for someone relatively unacquainted with the process. No "wow" thoughts here for anyone who has watched much television or has experience in the business.

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First-time Home Buying in a Nutshell Review

First-time Home Buying in a Nutshell
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I have run first-time homebuyer programs for over 20 years, and am amazed at how this little gem of a book is so complete,yet can be read in one brief setting. It empowers the buyer with the basic concepts and lingo of the housing industry and equips the buyer to tackle one of the most important decisions they will ever make. An informed buyer is a smart and successful one; First-time Home Buying In a Nutshell takes the work out of the buyer's attempt to reach that goal.

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A primer and reference book for first-time home buyers.Find out about down payment assistance programs and how the purchase, loan, and escrow processes work.Concise and easy to understand.

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Cash in a Flash: Real Money in No Time Review

Cash in a Flash: Real Money in No Time
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Cash in a Flash combines mind training with financial planning. The result is an interesting audiobook that helps you overcome mental obstacles to achieving financial success. The first part of the book helps listeners identify negative, mental "voices". Through clever exercises that work well in the audio format, listeners practice manipulating their mental voice . I believe the audiobook version is actually better than print for many of these exercises. Author and narrator Mark Hansen (of Chicken Soup for the Soul fame) is an experienced cheerleader and guide. His enthusiasm will encourage people most in need of mind conditioning. His vocal performance is both animated and supportive, a perfect match for his role as coach.
I was impressed that this book first addresses mental obstacles to financial success. I believe those new to mind training will find the book's approach welcoming and easy to understand and access. The authors then tackle how to accumulate wealth using their knowledge and experience. This is a complete audiobook package for anyone looking to improve their financial situation. Anyone can follow this approach with success.


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Bubble-Proof Real Estate Investing: Wealth-Building Strategies for Uncertain Times Review

Bubble-Proof Real Estate Investing: Wealth-Building Strategies for Uncertain Times
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The only thing holding me back from giving it 5 stars is that Donald Trump's input was limited to maybe one or two minutes of the begining, yet his name is all over the product.
I've read and own several of Gary Eldred's and Dolf De Roos's books and they both live up to the same level of quality that they've offered in their books. Dolf de Roos tends to be more of a motivating and convincing presence. He does a great job of making an argument for real estate, but for most of us shelling out the price of this course, do we really need convincing? It was nice to hear his take on it anyway. He proves his understanding of other investments and highlights key differences between the stock market for example and real estate. Although yes, you can buy stocks on margin it's not as powerful as the leveraging that a bank gives you. Also he's critical of the definition of a bubble burst in real estate (3%) vs. the stock market (40%) in one year. He doesn't think it's fair to refer to that 3% as a bursting vs. the 40% as a "minor correction".
Gary eldred probably offered the most useful and new information of all three of them. He does a great job of giving the listener point after point after point of things to do, watch out for and prepare for. His advice is invaluable.
Curtis Oaks also offers good advice but it could probably be compared to meat and potatoes. It gets the job done in a solid way but doesn't really excite you. He talks about the velocity of money, and tying up the property, two great ideas, although the second one might not apply to people outside of a hot market.
Although the interviewer is taking the role of someone who doesn't know anything, he clearly knows a lot about real estate and does an excellent job of directing the focus of interviews and going into detail where necessary.

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Understanding Mortgages: A Beginners Guide to Mortgages and Refinancing for the First Time Homebuyers Review

Understanding Mortgages: A Beginners Guide to Mortgages and Refinancing for the First Time Homebuyers
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This is a great little book that covers all the details for first time home buyers. It covers specific details like the best kind of mortgage for a new home buyer, the different kind of loans, their pros and cons and my favorite chapter was the one that explains equity and why we pay so much interest. That chapter alone is invaluable for the first time home buyer.


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SHIFT: How Top Real Estate Agents Tackle Tough Times (PAPERBACK) (Millionaire Real Estate) Review

SHIFT:  How Top Real Estate Agents Tackle Tough Times (PAPERBACK) (Millionaire Real Estate)
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Any agent, new or experienced, independent or franchised, big broker or little broker, can benefit from this book!
Shift is truly a guidebook for real estate agents/Realtors old or new, IN ANY MARKET even though it's marketed as (see the title) helping agents through the current "buyer's market". Many agents - with experience limited to the booming "seller's market" we experienced in the US between between 2001 and 2007 - were (and some still are) SHOCKED by the shift in the market and what that did to their business, income, lifestyle, etc. Gary Keller explains what happened (and how it's happened before and will happen again) and what the options are for real estate agents. Those that choose to tough it out and stay in real estate, can learn viable strategies to get leads, convert the leads to contracts, and close and get paid in the current market. In fact, the strategies can (and will) be aptly applied in any market.
Tip/hint: Gary recommends taking the book to a local office supply store and having them spiral bound it so it can be used as a field guide of sorts. VERY GOOD IDEA. Thanks for awesome book-delivered coaching/mentoring Gary!!!

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NEW YORK TIMES BESTSELLER
WALL STREET JOURNAL BUSINESS BESTSELLER
USA TODAY MONEY BESTSELLER
"Tough times make or break people. My friend Gary teaches you how to make the tragic into magic. Read & reap from this great book."--Mark Victor Hansen, Co-creator, #1 New York Times best selling series Chicken Soup for the SoulCo-author, Cracking the Millionaire Code, The One Minute Millionaire, and Cash in a Flash.Author, Richest Kids in America
"Real estate buyers and sellers have to SHIFT their mindset to new and more creative strategies in this challenging real estate market. This book shows them excellent ways to survive and thrive."--Robert Allen, author of the New York Times bestsellers Nothing Down, Creating Wealth, Multiple Streams of Income and The One Minute Millionaire.
"Change happens. It's natural. It's ever present. It's reoccurring. So when markets shift you need to as well. No one explains this better in the real estate industry than my good friend Gary Keller and his team of talented co-authors. Their latest book, SHIFT, is perfect for all real estate professionals. It captures the very essence of a shifting housing market and what Realtors need to do to thrive therein. SHIFT will help you alter your focus and your actions to ensure that you get your head back in the game and increase your market share, irrespective of strong or weak market conditions. It's a great book – read it today."--Stefan Swanepoel, author of Swanepoel TRENDS Report, 2006-2009
"Need help weathering the storm in today's real estate market? If so, reach for Gary Keller's new book, Shift-- it's the lifesaver you need today to thrive tomorrow. Shift is rich in easy-to-understand strategies, charts, and illustrations that show you exactly what you need to do to thrive in today's very challenging and 'shifted' real estate market."--Bernice Ross, Inman News
The Millionaire Real Estate SeriesMore than 1,000,000 copies sold!

SHIFTS happen…

Markets shift, and you can too. Sometimes you'll shift in response to a falling market, and other times you'll shift to take your business to the next level. Both can transform your business and your life. You can change your thinking, your focus, your actions, and, ultimately, your results to get back in the game and ahead of the competition. The tactics that jump-start your business in tough times will power it forward in good times. No matter the market-shift!

SHIFT explores twelve proven strategies for achieving success in any real estate market, including

Master the Market of the Moment: Short Sales, Foreclosures, and REOs
Create Urgency: Overcoming Buyer Reluctance
Re-Margin Your Business: Expense Management
Find the Motivated: Lead Generation
Expand the Options: Creative Financing


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The Part-Time Real Estate Investor: How to Generate Huge Profits While Keeping Your Day Job Review

The Part-Time Real Estate Investor: How to Generate Huge Profits While Keeping Your Day Job
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I've read and reviewed a number of "how to make millions investing in real estate" type of books, and I didn't think I'd ever need to read another one, since they are mostly the same (in varying degrees of quality). However, I was attracted to the Part-Time Real Estate Investor precisely because of the humility of its title -- it seeks to help real people achieve real income from real estate while keeping their feet planted solidly on the ground. Since I know the realities of the current real-estate market precludes the possibility of doing it full time (at least from my starting position), I decided to take a gamble on this book, and I wasn't disappointed.
As with any "how-to" real-estate investment book, the Part-Time Real Estate Investor covers a lot of ground, and thus is skimpy on the details in some areas. Fortunately though, this book focuses on some areas that are ignored by the pie-in-the-sky type of investment books. For example, it spends ample time on subjects like "Buying Your First Home," buying a home with bad credit, "Land Contract and Lease Purchases," etc. The bad credit chapter was particularly informative, I thought, as it examines whether or not you should buy a home with below-average credit, given the higher interest rates you'll incur. Most books are simply rah-rah for homebuying (and selling), but this one is more sensitive to individual's situations.
There is no ONE book that will tell you everything you need to know about being a real-estate investor, but this one is a good place to start, particularly for people with realistic and modest goals. Others, like those from the Rich Dad series or by author William Bronchick, are also helpful, especially from a psychological perspective. But this book contains some of the best pure information of any I've read. I would advise others in my shoes to grab this book as well as two others I recently reviewed, Inspect Before You Buy (by Charlie Rose) and Your Real Estate Closing Explained Simply (by Michelle Blain), which go into those two areas in greater depth than this book is able to. No ONE book will teach you all you need to know, but these three books as a set come pretty close!

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Fortune Magazine states, 97 out of 100 self-made millionaires made their fortunes through Real Estate Investing, and the next 10 years will be a Golden Era for the informed Real Estate Investor. If you are saying to yourself That sounds great but I can not quit my job and begin investing full time. I have bills, kids in school, car payments, and a mortgage to support, you are in luck. This new book is for you! You will learn how to become a skilled professional Real Estate Investor who can generate thousands, and yes, even millions of dollars, in your spare time. Unlike starting a retail business where you need to be there every day, you can work a full-time job and invest in real estate on the side, and reap huge profits. The key is time. The real estate investing business is a perfect part-time business because real estate is a business where the assets appreciate and cash flow is generated even when you are absent. This new book will give you the information and advice necessary to buy, finance, and successfully manage a small number of positive cash flow producing properties in your spare time. Investing in real estate is one of the safest and smartest investments you can make. Real estate appreciates at a rate far greater than the rate of inflation, builds equity, provides a steady return on investment, provides cash flow, and can offer substantial tax benefits. With the sound guidance in this book you will be able to retire comfortably and EARLY! A sampling of what s covered in this encyclopedic book includes: how to find below-market deals, investing with little or no down payment, seller financing, foreclosures and REOs, investment property, negotiating, purchase offers, managing rental property, flipping, auctions, tax sales, financing, mortgage terms, agents, cash flow, inspections, contracts, tenants, lease agreements, insurance, taxes and accounting, escrow, essential mathematical calculations, sample forms, development, taxation, and exchange rules.

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The Landlord's Survival Guide: How to Succesfully Manage Rental Property as a New or Part-Time Real Estate Investor Review

The Landlord's Survival Guide: How to Succesfully Manage Rental Property as a New or Part-Time Real Estate Investor
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I am sorry but this is by far the best practical guide for getting a rental ready to show, for getting people excited about renting from you, screening tenants, etc.
The writer applies lessons learned from the Fast Food and other industries to the Rental Business. Reading and applying the suggestions will automatically put you in the top ten percent of Landlords. You will make more money with practical ideas.

You actually walk away with actionable information. Read it once through and then keep it as a reference guide for when each situation comes up.

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Building Wealth One House at a Time: Making it Big on Little Deals Review

Building Wealth One House at a Time: Making it Big on Little Deals
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This is a fascinating book, with plenty of good advice for investing in rental properties and learning to live off the income produced by your investments. Schaub talks about finding deals, negotiating for better terms, using agents, managing your properties, and protecting your key assets. The paragraphs below briefly discuss three of his key points.
Schaub's chapter on learning how to work yourself out of your day job hit home with me. Isn't this a goal we all share? Schaub's plan is easy to understand, but not necessarily easy to follow. In my action plans, I first wanted to be able to pay my electric bill with income that had spun off my investments. After reaching that goal, I wanted to pay my phone bill, car insurance, etc. I kept working to build investment income sufficient to pay my bills. Eventually, I reached a point where my investment income has almost equaled my work income. I'm using the bulk of my work income to make investments. Schaub suggests using your investment income to replace your need to work. I suggest you keep working, and use you work income to make bigger investments.
Schaub's entire thesis rests on the concept of buying quality properties that you manage and control, and striving to pay them off within a ten-year period. When you approach retirement, theoretically you will have the income of these properties flowing into your bank account. This is a great idea, and certainly doable; however, maintenance, tax, and insurance expenses will never go away. So don't forget that maintenance alone may eat up to 40% of your gross income. Insurance and taxes will eat another 10-20%.
Schaub talks about owning property out of town, and this is important info for all investors. Your main concern is control. I learned my lesson the hard way here. I owned a home free and clear in a different state. However, my property manager seen to it that every month I had a significant maintenance costs, such as $325 for removal of used stove. $459 for removal of tree roots from pipes under house. Month after month I put up with these outrageous costs, that I would have handled for pennies if the home was within a hour's drive of my home.
Schaub suggests you Focus on making small deals that you can understand and control. For example, a small investor can earn sufficient returns from several single-family homes in good neighborhoods, without having to negotiate for malls and apartment complexes, or get over your head in partnerships and complex land development deals.
You may also want to read "Think and Grow Rich" by Napoleon Hill and "The 17 Principles of Creating Wealth" by Phillip Collinsworth.


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Strategies for creating real estate wealth by star ting small--and always making the right moves

Nationally known real estate expert John Schaub learned his craft in the best way possible--on the job, and through every kind of market. Over three decades, he learned to bank consistent profits as he built an impressive real estate mini-empire. Building Wealth One House at a Time reveals how virtually anyone can accumulate one million dollars worth of houses debtfree and earn a steady cash flow for life.

Unique in that it focuses on buying houses in good-quality neighborhoods, Schaub's nine-step program includes:

Renting to long-term tenants, with financial incentives to pay on time
Avoiding the temptation of bigger deals, which invariably include bigger problems
A 10-year plan to pay off debt and own houses free and clear
(20050129)

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100 Questions Every First-Time Home Buyer Should Ask: With Answers from Top Brokers from Around the Country Review

100 Questions Every First-Time Home Buyer Should Ask: With Answers from Top Brokers from Around the Country
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I happily endorse this book. The new second edition contains many new questions from the first edition, revised many other questions, and completely rewrites every answer. Things are changing fast in residential real estate, and this book will bring you up-to-date. Whether you are a first-time buyer, first-time seller, or haven't bought a home in at least five years, this book will serve your needs very well. The questions are drawn from those that brokers report that first-time buyers most often ask. The answers draw upon the experiences of many brokers.
How much training does it take to become a librarian, teacher, lawyer, physician, or rocket scientist? How well would the world work for us if such training were skimped on?
When it comes to buying a first home (whether condo, co-op, or fixer-upper), most people act as though you can do brain surgery without the training. Not!
Even if you view this emotionally and financially important investment as one to be approached carefully, most first-time buyers will make important errors. Here are a few of my favorites:
(1) Not thinking about how hard it may be to resell the home.
(2) Vastly underestimating how much money will be needed to fix it up.
(3) Overpaying for the home because of not realizing how to negotiate.
(4) Waiting until finding one's soul mate before purchasing.
(5) Spending more than you can afford, and using boxes for furniture.
(6) Purchasing a home that doesn't fit your needs (where will you put 4 children and you in 2 bedrooms?).
(7) Taking on a horrible commute.
Interest rates are down in light of the terrible terrorist tragedy and weak economy. Unemployment is rising. Based on historical patterns, this is a good time to buy. Are you ready? Probably not, even if you think you are.
But I have good news for you. If you read and apply the lessons of this book, you will be more ready than many people who have already bought homes.
The subjects covered include deciding what you needs are, versus your likes; how to look; determining what you can afford; deciding what broker to use; how to work with the broker (especially what not to tell the broker, since most work for the seller); how to decide what to offer; how to negotiate; getting the best financing; checking out the house; handling the closing; and even dealing with problems after the closing. You also get help with which professionals (such as buying agents, lawyers, and home inspectors) to use, how to select them, what they will cost, and how to work with them.
I have bought or helped buy three houses, am an attorney, and am a licensed real estate agent. I found several areas where this excellent book extended my knowledge. I know it will save you thousands of dollars . . . and probably even more in avoided emotional trauma!
The book does this by posing questions, providing worksheets, steering you to Internet resources, and describing case histories.
No book from the buyer's perspective can however hope to dispel the incredible naiveté that we all have when we first purchase a home (all 2 million a year who are like lambs being led to the slaughter). For that purpose, I suggest that you also read another book, How to Sell Your Home Fast, which is an excellent description of what intelligent, prepared sellers will be doing to get you to buy their home and pay too much. Beneath all the friendly chit-chat with the sellers, realize that your are usually being carefully maneuvered to act against your own interest.
By the way, this book does not do enough to warn you about hidden house faults. Home inspectors are not the entire answer. They usually get their referrals from brokers, and will usually not tell you the worst of what can happen lest brokers stop recommending them. Spend some extra money and have people you know well and trust who are expert in electrical, heating, air conditioning, structural, roofing, plumbing, soil, and environmental hazards take a look also. They will find things that you can use to get the price lowered to cover the cost of repairs. My experience is that you will save about [amt.] for every [amt.] you spend in this way.
I also recommend that you find 10 people who are a lot like you who purchased a home similar to what interests you about five years ago. Ask them what they did right and what didn't work out so well.
After you explore all of these choices, you may want to consider what I did once . . . rent with an option to purchase. All of my rent went towards the down payment. I found I loved the house, saved money, and had few problems with repairs. I later sold it for a nice profit.
Also, spend time in the yard of your potential new home at all hours of the day and night. You may be surprised by some of the positive and negative features. In one home, I discovered that a dozen deer came by across a creek at 7:30 a.m. Seeing them every morning became my favorite part of every day.
After preparing by knowing what the right questions are, look for all of the potential problems and opportunities in making large decisions. Then sleep on your decision for three nights. You'll know what to do then!


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The No-Nonsense Real Estate Investor's Kit: How You Can Double Your Income By Investing in Real Estate on a Part-Time Basis Review

The No-Nonsense Real Estate Investor's Kit: How You Can Double Your Income By Investing in Real Estate on a Part-Time Basis
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T J LUCIER has more honest, realistic, detailed information in each of his real estate books, than any author I have found. He is a journeyman carpenter and former marine, who is dedicated to integrity. He has thoroughly educated himself in each aspect of realty, before he writes. He is a property owner and investor first, not a charlatan, or scam artist. Details he teaches you in his books, about law, construction, inspection, negotiation, buying, and selling, are explained so that you learn, and protect yourself from risks. - Lucier focuses on investing, not gambling. - He teaches you to profit from good investing, not from hoping that inflation will save you.
He is accessible: He answers his own phone, and his emails.
LEIGH ROBINSON's Book: LANDLORDING, and JOHN T. REED's writings (johntreed dot com) are the other two high integrity sources you should pursue, if you want this quality.
My background includes Former: IRS Field Agent, CPA, Certified Financial Planner, and Real Estate Broker. So, I have some frame of reference from which to judge this material.

Click Here to see more reviews about: The No-Nonsense Real Estate Investor's Kit: How You Can Double Your Income By Investing in Real Estate on a Part-Time Basis

In The No-Nonsense Real Estate Investor's Kit, noted author and real estate expert, Thomas J. Lucier provides detailed information, step-by-step instructions and practical advice for both beginning and experienced investors, who want to join the ranks of America's real estate millionaires!
You get Tom Lucier's lifetime of real estate investing expertise and experience in twenty-three meaty chapters. You also get all of the nitty-gritty details on five proven strategies for making money in real estate today. You'll learn all of the fundamentals of successful investing and get the guidance that you need on these and many more vital topics:
Choosing the right investment strategies
Financing your deals
Limiting your risk and liability
Earning tax-free income from the sale of real estate
Setting up and operating your own real estate business
Investing in undervalued properties
Following state and federal real estate related statutes
Negotiating the best possible deal for yourself
Buying properties at below-market prices
Performing due diligence, inspections, and estimating property values
Preparing purchase and sale agreements


The No-Nonsense Real Estate Investor's Kit is as close as you can get to a graduate degree in real estate investing without ever going to college. It arms you with the specialized knowledge that you need to compete successfully against the seasoned real estate professionals in your local real estate market. And this book comes complete with FREE downloadable and customizable forms to help you get started on the fast track.

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