Product Description
FROM THE BACK COVER: Are you caught up in the financial thinking of the last century? That's when we learned to buy a home and pay it off as quickly as possible. It made sense in the conditions that existed back then. It doesn't make sense today. How would you like to: 1) Safely leverage and compound assets you didn't realize you had? 2) Become your own bank and build family wealth? 3) Pile up stock market gains, but never take the losses? 4) Lock-in a rich, secure and carefree retirement? 5) Transform the IRS into your wealth-building partner? 6) Create real wealth, empowering you to help others? 7) Get to your existing retirement funds with little or no taxes? 8) Leave a fortune to your heirs? STOP SITTING ON YOUR ASSETS make these strategies crystal clear -- and you can apply them with security and ease. If you own a home, you owe it to yourself to know about today's new reality: You are sitting on a potential fortune that can safely and confidently be put to work to build a massively abundant financial future. A future so rich that -- before STOP SITTING ON YOUR ASSETS -- could have only existed in your dreams.
Customer Reviews:
Home Owner Beware.......2007-10-17
This will be short. I have already wasted enough time ready the book (actually I stopped reading in Chapter 9) At first, I thought the examples were funny and than I realized there may be people reading this book that actually are taking notes. This is intended for those few. Seek out the help of a Professional Financial Advisor. This book should come with a warning label.
don't waste your money on this book or its strategy.......2007-10-05
First of all, the author has enough material for a magazine article at best and she has padded and stretched it into a book. That makes for an annoying read.
Secondly, her math is deceitful. She says to borrow the equity from your home at 8% and put that money to work getting an 8% return and you will end up with a huge pile of money. What about the payments? Oh, yeah. She subtracts those as a lump sum at the end from your pile of money. Everyone knows the payments have to made every month so if you're borrowing at 8% and getting an 8% return you're simply going to break even. If you're as smart as a fifth grader you know that math calculations have to be performed in the correct order or you'll get the wrong answer. She also gives an example of someone who could pay cash for a house but takes out a mortgage anyway and invests the money. She conveniently ignores the fact that the person could simply pay cash for the house and then invest what they would have made in payments each month and that money would grow to almost the same amount as her "safety fund"
The third problem with this strategy is that the only way to get this 8% tax free, totally safe return is to buy a questionable insurance product that she or her friends will be happy to sell you. Then you'll have the IRS looking over your shoulder.
I'm not a big fan of a mortgage free house for a number of reasons but if you're going to harvest equity and invest it, you'd better know what you're doing. For the average person it's way too risky.
Start saving some money by NOT buying this book.
This book has been done before, called Missed Fortune 101.......2007-09-22
Sad to see people trying to ride the coattails of another book and rip it off so blatantly. The orignal book called Missed Fortune 101 introduces the world to these strategies. Well Stop Sitting comes in and basically changes a word here and a word there to try and be different. For example Missed Fortune 101 talks about "going down the highway of life with one foot on the gas and one on the brake" Ms. Snow talks about going down the highway with 4 flat tires and a broken windshield...Come on!
Read Missed Fortune 101 Missed Fortune 101: A Starter Kit to Becoming a Millionaireto read the real story first, Read Stop Sitting for a rehash, if you like that kind of stuff...
I know I'm gonna write a book called Elbib and have it start out with a guy named Aaron and a girl named Emily who live in the jungle, then get kicked out of the jungle for eating the forbidden vegetable...
Looking for answers.......2007-08-19
I, too, was in awe after reading this book. The ideas are presented in a simple, easy to understand way, and it seems to me to be very logical. I'm no financial genius, rather a former math teacher and the numbers seem to work on paper. But, really, after the awe has worn off and reality hits, what's the catch? This seems too easy. If this idea has been in existance for several years, then why hasn't it caught on with the "masses?" Why don't more financial advisors recommend this? Is there something I'm missing or does it really work that simply and just nobody knows about it? Somebody....give me the real scoop!
Very, Very dangerous book.......2007-08-02
As I began to read this book, my first challenge was to get over the unearned arrogance of the author. Marion Snow may have a "scientific mind" and have a little experience in the mortgage industry selling people mortgages, but she is no financial planner.
The book is absolutely full of errors and misrepresentations of how some very complex financial products work. She literally demonizes financial planning professionals who have spent years of their lives helping clients and studying the ever changing landscape of both financial planning, estate planning, as well as the Internal Revenue Code.
Some of her VERY dangerous errors are as follows:
First, nearly all of her calculations discuss saving taxes at a 30 or 33% tax rate. While this sounds good, the average American is nowhere near the 33% tax bracket. The 33% tax bracket does not begin for most married Americans until they have over $195,000 of annual income.
Secondly, the insurance products that she describe do not function as she indicates. On page 110, she casually mentions that her insurance strategy will work as "long as you are careful not to deplete your cash value." She does not mention that the "tax advantaged policy loans" she advocates are 1)charged interest by the insurance company, and 2) taxable if the policy lapses in later years. Additionally, she neglects to mention that Universal life policies have increasing costs which will cause them to lapse using her strategy.
Third, all of her calculations are "assumed and hypothetical." They do not address real numbers. About halfway though the book she indicates she "got her insurance license" just to verify her findings. Unfortunately, an insurance license is viewed by most credentialed financial planners with the same reverence that training wheels are viewed by Olympic bicycle racers...
Fourth, her mortage strategies advocate taking illegal tax deductions - the tax deductions she describes are not allowable to the degree the advocates, in the tax brackets she uses as examples. The deductions "phase out" well before a taxpayer can use them to the degree she illustrates. Simply put - the numbers are INCORRECT.
Ms. Snow should spend a few years in school and learn what she is talking about - and a few more years working with real world financial clients -before being arrogant enough to throw stones at those who do.
She is flat wrong in many areas and will hurt a great many people who take her cutesy approach to financial planning seriously.
Jon - CFP, ChFC
Book Description
Amass more than $900,000 in properties in one year, without using any of your own money, or that of your investors.
Real estate investing can be an excellent way to build wealth. With its advantages of cash flow, appreciation, tax benefits, equity buildup and leveraging, real estate may be the only vehicle that can carry the average person to retirement wealth.
Real estate investor, attorney, and author Larry Loftis has developed a safe, easy, and lucrative way for new investors to get into the game, and for experienced ones to enhance their portfolios. In Investing in Duplexes, Triplexes and Quads: The Fastest and Safest Way to Real Estate Wealth, he draws on both his real estate investing experience and legal acumen to explore advantages you may not have considered about residential multifamily properties of two to four units.
Learn how to:
•Buy duplexes, triplexes and quads with no money down, AND get cash back at closing.
•Eliminate risk, and guarantee that your mortgage payments are always covered.
•Use ""cash-out"" from refinancing to purchase more properties.
•Decide whether to buy and hold or ""pyramid"" to a large apartment complex.
•Use inflation, tax laws, and rehab to build a massive retirement nest-egg.
Customer Reviews:
Decent investment book, but overly optimistic.......2007-08-18
The basic investing information in this book is solid, the problem is that the plan for gaining wealth is overly optimistic for many areas of the United States. Larry bases his wealth building plan on very fortunate appreciation that he experienced on his first investment property. Then as the plan is taught you refinance that first property after one year and use that money to buy another property. In Orlando, FL (where Larry bought his property) around that time the appreciation was 25%, but what about the least appreciating cities like the one where I live at 3%? Then the wealth building plan that Larry talks about goes out the window.
I thought the best part of the book was the info on closing, ideas that I have not reading anywhere else. Word of advice, skip over the property management chapter, the weakest chapter in the book where Larry advocates screening tenant by using your "gut". That is a recipe for disaster.
WOW!!!!!!!!!.......2007-08-16
Strongly recommend reading this book regardless of your level of expertise. I've learned, been motivated, and have a better insight of investing in income properties. Very simple to read and understand.
Great Book.......2007-08-08
The author is very knowledgeable, very honest with the subject because he actually practices what he preaches.
Definitely Worth Buying.......2007-08-06
I brought about 3 books on real estate investing. I, too, have a three apartment building and a small investment property. When I look back a few years ago, I wish I actually have read this book to evaluate the potential purchases. I did okay in the end, but having to know the concepts and the GRM (Gross Rent Multiples) was the simplest thing to understand and only consistent way for me to compare investments properties. Other books tell you to compare the recent comparable sales, the replacement cost, building cost, etc to come up with the right figures. Frankly, those 'tools' mentioned in other books were not as useful as the GRM method mentioned in this book. The author also explains how the GRM changes, depending on the neighborhood and the locations. So, having that knowledge, I am able to compare properties very quickly to weed out the ones that I do not want. Once I have narrowed down the list of potential properties, then I can use the other methods to do the detailed analysis. I feel better now that I can now compare apples to apples. The sections toward the end were skimpy, but the overall value of this book is great. I recommend to a novice investor, as well as someone like myself who has been in it for about 6 years and still have a lot to learn.
Basic Read.......2007-08-02
Great book for beginner investors who want the basics of multi-unit investing. There are a lot of strategies that can be learned from his experiences.
This book would go great with another book I read called Bubble Proof: Real Estate Strategies that Work in any Market by Tonja Demoff. She has such a great attitude and spin on real estate investing.
Book Description
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
Customer Reviews:
Great Value.......2007-09-11
This is just great basic but very valuable information, and a keeper for a long term reference for anyone investing in houses. I've been a student of John's (and also Peter Fortunato, who has also commented here), for years and always continue to learn from his good quality advise.
I've bought several and give them away to folks that ask about how to invest in real estate and has been a great start for several and a good reference for experienced investors that often find themselves venturing into high risk, marginal properties instead of staying with a good old house.
Building Wealth One House at a Time Describes the Big Picture.......2007-07-31
This is one of the outstanding real estates investment books on the market. John Schuab writes as one who has years of experience and knows the ropes.
The advice in this book is rock solid: buy good houses in good neighborhoods, learn to buy at wholesale prices, and attract long-term low-maintenance tenants who will pay off your loans and improve your property value.
One thing I really like about this book is that John Schuab sees the big picture. He may act in the short-term, but he always has a view of the long-term consequences. So, he doesn't' buy a house because it is priced well, or near a school or a shopping mall. He's thinking 20-30 years ahead to what that house's value and rental desirability will be way down the line.
You have to admire that kind of thinking. That's the kind of thinking that invests in houses that will pay big dividends. Good investments and patience pay off in John Schuab's world. Patience is more than a virtue with John Schuab, it's a commandment. The guy still has the first house that he bought 30 years ago, and its one of his best rentals.
Lincoln said, "I will study and get ready, and perhaps my chance will come." "Building Wealth One House at a Time" is one book worth studying.
Terry Sprouse -- author of the forthcoming book "Fix 'em Up, Rent 'em Out: How to Start Your Own House Fix-up and Rental Busines in Your Spare Time"
Great Read for All RE Investors.......2007-07-24
John Schaub's book is a must read for all Real Estate Invesotrs. From the beginner to the experienced investor, all will gain some very useful insight from this book.
It is not a get rich quick book hyping up Real Estate, but rather a very
low no nonsense way to wealth build through Real Estate one house at a time. John Schaub is not just a promoter, he still buys and sells houses for his own portfolio today.
It's great to learn from such a pro. He also does a couple of seminars a year on Real Estate. They are also a must for any one wanting to get into the Business (I've been to several of them-they are great!).
Bottom line-Great Book, a must read.
Reggie Lal, Be The Smart Investor . com
If you 're flipper or interested in flipping.......2007-03-31
I didn't expect to learn much from this book, and I wasn't disappointed. I only read the book because it was available from the local libarry. This book is for those interested in acquiring rental houses and accumulating over a lifetime. That aside, I didn't find any value to the book. You could learn more on finding, negotiating, inspections are several flipper books, even if you interested accumulating rental properties. The author pays too much for his houses. He should be more selective, even if he intends to hold onto the houses.
Entry level info.......2007-03-10
I was hoping for a text with more than the very basic, very repeated information in most books of this subject. If it's your first book on real estate investing, it will be great. If you're seeking more advanced subject matter, look elsewhere.
Customer Reviews:
Nice anecdotes about the success of others, but where is the meat?.......2006-06-25
Thank goodness I did not purchase this book! The library saves me again. A worthless read that did nothing to educate me in investing in probate real estate. The author focuses on anecdotal stories, mostly of success with making money off personal property--not real estate.
Basically an infomercial.......2006-06-13
I concur with everyone here. after reading this nonsense i wondered who i felt more sorry for, me for the hours of life i will never get back, or for the trees that died to publish it. I agree with the previous post, look at the death records and then work backwards. And that didnt waste your time or kill any nature.
Not worth it........2006-04-29
This book does not give solid practical advice. If you're a new investor who has never bought a house before, perhaps this would work for you. But if you've bought and fixed up a property it isn't for you. You'd be better served going to the probate court in your area and asking questions. It included lots of general anecdotes, but it makes one wonder why he wrote it if he weren't truly going to share how to do it. The actual probate advice in this book could be condensed to a 10-page pamphlet.
Don't Waste Your Money.......2006-01-21
I too had high expectations of this book. What a let down. I read alot of real estate books and this is the first time I felt cheated by the author. I thought this was a step by step book on how to purchase probate properties but I was dead wrong. Save your money, we all can't be wrong about this book...
Don't spend your money on this one!.......2005-11-18
Rarely do I write book reviews but this one was so bad that I feel obligated to let people know about it. The bottom line is that this book lacks the detail needed to really teach a person about the probate system and how to use it to successfully invest in real estate.
Book Description
Stop working for someone else, and start living the dream!
It's a fact: you'll never get rich just working for a living. The only sure way to achieve real wealth and the freedom it buys is by letting your investments work for you. And, as self-made multimillionaire Brad Sugars proves, the quickest and safest route to the kind of “passive” income it takes to live the dream is real estate investment.
In The Real Estate Coach he delivers the same easy-to-understand-and-use strategies that brought him and millions of his clients success. Step by step he shows you how to:
- Find great investment opportunities
- Manage your properties for maximum profit
- Add value to your investments without breaking the bank
- Sell for a substantial profit
Get real results right now when you discover all that Instant Success has to offer!
Instant Advertising * Instant Cashflow * Instant Leads * Instant Profit * Instant Promotions * Instant Referrals Instant Repeat Business * Instant Sales * Instant Systems * Instant Team Building * The Business Coach * Successful Franchising * Billionaire in Training
Customer Reviews:
A REAL Guide to Real Estate Investment.......2007-06-11
This has to be the best overall guide to real estate investment I have read yet. Brad Sugars puts concepts into place that seem (and are) simple compared to many other books of this type. Through his explanation of Wealth Wheels, Brad makes sense out of many of the other books you might read on Real Estate Investment. Use this book to craft your investment strategy, and the techniques described by other writers will become much clearer. A must read for any current or potential investor!
Good Starting Book.......2006-08-09
An easy read with several key tips for the novice investor and many tips and principles are in bold text for you if you if would like to recall at a later date. I would definitely recommend reading this book.
I gave 4 stars because I would have liked more explanation or analysis with financial discussions, especially since getting the financial analysis right is key. For instance, there are tax rules associated with property investing and it's not clear what some of these inherent rules are which were used in financial analysis. For instance on page 35, it calculated a $1,615 after tax cash flow. I guess one must assume that even though you don't pay any federal income taxes on your investment property you can actually get a refund back from the government. If this is true, it's a pretty important point and should be considered being clarified and highlighted.
In addition on page 35 it says "let's assume it grows at just 5 percent". Then the lower table used an analysis of 6%. I think this might be a typo, but if not this too is not clear to the reader why there is a difference between the figures.
Also, he mentions to buy income producing properties with an interest only loan. However, it's not clear if one should do this all the time. For instance when you know the rates are going up do you still keep it in an interest only loan? When do you pay it off or refinance to a fixed, if ever?
Also, the financial cost of real estate agent fees were not calculated, and I suspect may make a difference between a buy, hold, or sell decision. There might be a reason for this but again it's not clear.
Overall it's a great book for beginners such as myself, and I would recommend this book along with a follow-on book which can go into detail on the financial aspects of real estate investing.
Sound Principles for a Beginer in Real Estate.......2006-06-26
The Real Estate Coach: A Story of Real Estate Investing Success, by Bradley J. Sugars
"Remember this fact: How happy would you be if your grandmother had bought 10 properties 80 years ago in downtown Los Angeles, London, Sydney or Tokyo?"
"Investing is about your future- your family's future- it's not about tomorrow. Making money tomorrow is what your job or business is for; investing is about 3, 5 or even 10 years from now."
"Keep this one principle in mind: you don't have to be rich to invest, but you have to invest to be rich."
This book will give someone who is thinking about investing in real estate the push they need. It's a cute - quick story about a middle aged couple who are seemingly well off, yet want to build assets and net worth for their future and happen to be introduced to a real estate "coach" or mentor who explains the benefits and strategies involved with investing in real estate.
A particularly interesting concept was the "Property Wealth Wheel" which is simply a way of looking at or bunching different types of properties together so the quick profit from a flip will fund further property purchases and the cash flow from some properties will help cover others that don't have cash flow but are expected to appreciate at a faster rate.
By Kevin Kingston, Author of, A 20,000% Gain in Real Estate: A True Story...
A must read book.......2006-06-21
Reading the Real Estate Coach is a MUST if you are thinking of investing in Real Estate.
It is so easy to read and contains very useful strategies to help you make smart investments.
I definitely recommend this book.
Essential reading.......2006-06-19
Why didn't I read this book before I purchased my first property...I would have saved thousands.
Brad's simple to understand yet powerful property negotiation and development techniques are benefitial to both the novice and professional developer.
You will learn powerful techniques to buy the right properties at the best possible prices in any market.
Book Description
The time has never been better for investing in real estate, and this book arms the millions of investors who are returning to real estate as an established instrument of wealth creation with surefire strategies for making a killing in the real estate market.
Due to the pent-up demand for housing caused by the lull in housing starts during the 90s, as many as 11 million would-be American home-owners are currently vying for a rapidly dwindling pool of available properties. In Buy, Rent, and Sell Bob Irwin, one of America’s most well-known and respected real estate author/experts, provides nuts-and-bolts advice and guidance on how to find good investment properties, how to successfully rent them, and how to quickly turn them around for a profit. Written in Irwin’s trademark down-to-earth, jargon-free style, Buy, Rent, and Sell is an indispensable guide for novices as well as experienced real estate investors.
Download Description
This book arms the millions of investors who are returning to real estate as an established instrument of wealth creation with surefire strategies for making a killing in the real estate market.
Customer Reviews:
Save Your Money.......2004-09-06
Save your money. This is about a lightweight book as you can buy on real estate. A synopsis is, buy a house, fix it up, rent it for a while then sell it. Whoopee. Supposedly this is for beginners, but there isn't enough here to educate a beginner on how to progress. If you have never purchased a house, even the one you presently live in, it may educate you somewhat, but there are better books for investors, even beginners.
This book rocks!.......2004-07-19
For a novice, this book is absolutely incredible....
It is informative and SO EASY to understand. Empowering and practical! Everything about the basics.
Great intro and overview.......2003-12-01
I have purchased a couple of my own investment homes and my father-in-law also has owned several rental units for a number of years, and I found this book helpful. He covers many of the basic things you need to consider and also covers financial implications such as taxes.
He covered things like expenses during rehabilitation that would be easy not to detail, so scores points for that. He also takes the time to explain depreciation and the resulting capital gains in enough detail that you won't be surprised when you talk to your accountant.
He also provides good data on one of the most important aspects of residential investing: screening tenants. Lots of good ideas are presented here to help minimize the risk with poor tenants who can ruin your investment.
Additionally, he hits all the usual bases for finding investment properties and covers some of the negotiation strategies for purchasing these properties. He's clearly done this a time or two and works to give you a good intro. He does leave you feeling like there's more to it that he should be telling you, but I suppose it's difficult to get all his years of experience purchasing properties into one or two chapters.
If you're looking into residential real estate investing, read this book. But also read others so you have a well-rounded perspective and gain more details that aren't shared here.
Good intro to buying homes, but. . ........2003-01-18
Overall, I thought that this book was very helpful and contained good information for someone considering investing in real estate. The author appears to have had success with landlording and knows his real estate market well.
One (understandable) problem with the book is that Mr. Irwin is writing based on his personal experience in what sounds like the southwest in a booming real estate market. One point that he makes several times is to pay for water bills, so the tenants won't be tempted to save money by not watering the yard, thus causing serious landscaping damage. This is really not applicable in the north or where there is significant rainfall.
An underlying belief of Irwin's is that it is difficult to find properties whose income can cover all their expenses, and that the real money comes in selling for a profit. Accordingly, much of the book concentrates on flipping properties and other real estate maneuvers that are usually only successful/necessary in tight markets. In general the book advocates a high risk philosophy of investing, advising the reader to use the bank's money make money as much as possible. I thought the inherent risks of this way of doing things were not fully explained in the book.
Additionally, he advises to stay away from old houses which he classifies as older than 25 years. I laughed as I read that, as virtually all of the houses in the town I bought my house in are between 60-120 years old. 25 year old houses are considered spring chickens where I'm from!
The last weakness of the book is that it seems to overestimate ease of determining the "true" value of a house. It takes a LOT of looking at houses and checking final sale prices to say with much certainty what a property is worth.
This review may sound relatively harsh, but for the amount of time it took me to read this book I found it helpful. I would wholeheartedly recommend the book for a beginner in a rental market similar to the author's market. However, for someone in a region similar to mine (the depressed real estate market of Troy, NY) you may want to check for some other similar books. And for all I would advise to stay away from the higher priced "Make your fortune in real estate" packages advertised on TV and such. Real estate information is most efficiently conveyed in paperback books like this one - in straightforward text without motivational speaking or overly unrealistic portrayals of the real estate world.
Good advice. Quick reading........2002-07-23
This book doesn't waste time. The format is short chapters with concrete nuggets of advice.
Book Description
THE COMPLETELY REVISED AND UPDATED EDITION OF RUSS WHITNEY'S CLASSIC BLOCKBUSTER ON REAL ESTATE INVESTING AND WEALTH BUILDING
Since its first release a decade ago, Building Wealth -- called "an indispensable guidebook for everyone dreaming of something better" by Business Times -- has shown thousands of people how to get rich in the real estate market, based on the proven techniques that took Russ Whitney from working in a slaughterhouse as a high school dropout to a millionaire investor and entrepreneur. Now Whitney brings his invaluable guide fully up to date, allowing readers to take advantage of a real estate market that's exploding with opportunity.
The updated and revised Building Wealth reflects the momentous changes that have occurred in recent years. In addition to his rock-solid tips on negotiating and exploiting the world of real estate, Whitney delivers entirely new advice on such topics as:
- Moving from residential to commercial properties
- Investing in raw land
- Real estate development
- Using the Internet and other technologies to maximize profits
- Making the most of real estate revenue by investing it in the stock market
- And much more.
A revered guide that inspires self-confidence as it demystifies the steps to financial gain, this newest edition of Building Wealth is required reading for everyone interested in making a fortune to enjoy now and leave as a legacy.
Customer Reviews:
Very helpful.......2007-03-01
This book gives the new investor alot of insights on some basic points in real estate and he also outlines a step by step formula on how to build your real estate fortune.
Customer Reviews:
Everything you didn't learn in school...in small lesson........2006-01-16
Lots of delicious tidbits to get the brain juices flowing. This is the appetizer to all your wealth meals. I bought it, initially, because it was one of the few books that touched on the subject of buying notes. It's simple and easy to read. So if you're not sure which direction you want to go to build your wealth...start here. You can refer to it over and over when you're ready for a new wealth concept.
good summary of strategies, short on detail.......2005-08-09
This book is easy to read and covers a wide spectrum of financial strategies. This is exactly what the book was meant to do, and I think it does a pretty good job at it. There are quite a few references to the author's other works for those interested in particular strategies. Clearly, I would recommend that someone only use this book as a good overview of strategies, but not for making any specific financial decision. This should give you the information to decide how to pursue your financial goals, but you would want to pursue much more specific and detailed material on real estate, stocks, options, etc.. before making any specific financial decisions.
Should be taught in schools as a Wealth Course.......2004-07-11
Wealth 101 is a compendium of Wade's best strategies, all inone book. You will learn about covered calls, rolling stocks, options, stock splits, lease options on real estate, corporations and more. This really should be a college course and taught as Wealth 101. Great stuff!
101 STRATEGIES THAT REALL WORK!!.......2003-09-27
This book is a compendium of Cooks Real Estate, Stock Market and Busines strategies. Actually 101 strategies from someone who has been in the trenches, knows what works and what doesn't work.
Too many other books are written by "paper authorities" who only write based on popular dogma perpetuated by other authors who are high on advice but low on experience.
Wealth 101 should be taught in schools. Good book, you'll love it.
wealth 101.......2003-09-15
...its a good book to read for inspiration. The best reading is the little tidbits of insight that are sprinkled throughout the text of the book(time management,financial planning,ect) I find,however,the real estate and stock market strategies mere filler and the book itself doubles as a catalogue for products and services. The book is definitely marketed to the "get rich" and "seminar junkie" crowds. I like the book for the information on what not to do and what one should do to be successful. I am not completely enamored of the investing and real estate strategies largely because I believe one should consult respected specialists in the various topics covered within the book.However,I believe the book alludes to this fact. Overall an entertaining read but the book is not worth the purchasing price new as is the case with most books of this genre. I give it 2 stars because the content therein may be of interest to the various markets mentioned above.
Product Description
Trading in the daily grind and living a life of financial independence is simpler to do than you might think. With this new model for real estate investing success, you can transform the way you think about investing and set your course towards financial independence. Finally, you can have the time, money, and peace of mind to leave the rat-race behind and live the life you have always dreamed of living. This could be the last real estate investing book you will ever need. You will discover how to: **Turn inexpensive houses into virtual money-machines that consistently churn out returns of over 400%! **Transform a small nest-egg into several hundred thousand dollars of equity in as little as 24 months part time! **Generate large up-front payments from your tenants that you can use to purchase more properties! **Negotiate leases where your tenants willingly accept the majority of responsibility for upkeep and repairs! **Build competition among prospective tenants and have them clamoring to pay you above market rents! **Sidestep the risks and hassles of landlording and put your investing on autopilot! Apply these simple, proven techniques to create your own virtual money-machine that generates income for you and your family 24/7.
Customer Reviews:
An absolute "must-read" for any prospective real estate investor.......2007-09-06
Real estate broker, licensing instructor, and investor John A. Michailidis presents Beginner's Guide to Building Wealth Buying Houses: The Foolproof Roadmap to Real Estate Riches Without the Risks and Hassles of Landlording, a straight-talk guide to amassing a personal fortune through real estate assets. Defining wealth as "automatic income streams that are independent of your personal labor, and that are sufficient to maintain your chosen individual lifestyle indefinitely," Beginner's Guide to Building Wealth Buying Houses proves especially valuable to readers who are relatively new to real estate. While buying properties with intent to turn them around and resell them - "flipping" - is covered, Michailidis stresses that this form of real estate investment requires expert-level knowledge of local market conditions, and that and ordinary people can easily get burned. Instead, the primary focus is on how to acquire properties and use them to generate revenue streams through renting, or better yet, rent-to-own arrangements. Houses are recommended for beginners since they tend to attract more stable and reliable tenants than apartments. Chapters cover the economics of single-family houses, the right way to present offers, how to attract quality tenants, proven negotiation tactics, and much more. An absolute "must-read" for any prospective real estate investor, as well as anyone who dreams of becoming financially successful and secure.
Begining Real Estate Investor? Read This Book First.......2007-08-08
This is an excellent book for beginning - and even seasoned - investors.
I've been a real estate broker for 29 years and know a thing or two about real estate investing. I try to keep abreast of all new books that come out on the subject.
Most real estate books are complicated, full of formulas and lots of theory. Some are so dull you can't get through the first couple of chapters. The author of this book writes in a very easy-to-read, conversational style.
I found the investing method in this book to be sound and easy to implement. It's not about making a million bucks in a couple of months like so many other books on the market today. It's a very safe, low- risk system that can slowly but surely lead to wealth. In my opinion it is a great way to invest a portion of one's IRA or pension plan - in real estate instead of just stocks.
If you are new to the world of real estate investing, I would certainly recommend making this your first book on the subject.
Simple explanation of a daunting process.......2007-07-25
I read this book cover to cover in a single day. I could not put it down.
Author takes a difficult process and makes it so incredibly simple. Obviously there is homework involved, but even that is laid out for you in an easy to follow process. I can see real evidence of the author's e-myth style of setting up process and making the system do the work for you.
If you are looking to start investing in real estate, like we are, this is both the push we needed to jump in and the safety net of someone else's experience rolled into one.
Very well written, easy read.......still found some shortcomings.......2007-07-20
Don't let my title fool you, i thoroughly enjoyed this book in fact, i usually never write these reviews but felt i should share this with others as I've read every review before purchasing the book.
This is a very "easy" read, probably the fastest book that i remember completing. I loved how the author got very detailed into how to conduct the transaction from beginning to end. The only issue i found was that I personally do not live in an area where a "nice home in a nice neighborhood" costs under 200K. I didn't see the author provide any direction to this issue if this was the case for the investor. I also had a hard time navigating the website they mentioned at the end of the book and couldn't find how to order the forms from the CD online.
Still a great book and a must read !!!
Great book for beginning investor, without the fluff!.......2007-07-17
This book was so interesting I could not put it down! Everything one needs to lease purchase property. The author speaks in great detail without confusing you and not over your head. Enjoyed it immensely.
Book Description
Finally--A Proven Strategy for Real Estate Investment
Do you wonder if the real estate market has passed you by? Or perhaps you think prices can't go any higher and the real estate bubble is about to burst? Maybe you're of the opinion that the profitable properties have been snapped up and there's no room left for you. Well, here's some great news: amazing opportunities exist in the Canadian real estate market for investors who understand how big-picture economic fundamentals can be combined with sound property analysis to create exceptional wealth. Your key to success is to learn the powerful techniques that have helped thousands of others to make money and accomplish their lifestyle dreams through intelligent real estate investing.
In Real Estate Investing in Canada, you'll discover the breakthrough Authentic Canadian Real Estate (ACRE) system, a step-by-step program designed to unlock the secrets behind profitable real estate investing. Developed by Canadians for Canadians, savvy investors have already used this ACRE approach to purchase nearly $1 billion in property. You can learn how the ACRE system can help you cut through real estate market hype to get honest answers about critical investment questions.
In Real Estate Investing in Canada, you'll learn:
- how to spot a market that is over-priced or, better yet, under-priced
- how to know if a town will boom or bust--before it happens
- how to accurately analyze any property--even if you're a novice investor
- decide, within 30 seconds, whether a property has profit potential or not
- the 18 secrets to street-smart negotiations--how to use them to get the deal you want
- the 7 proven strategies that will get the bank to say yes to your deals
- how to get your offer accepted, even in a competitive market
- the single most important step for an overachieving real estate investor (it's not what you think!)
The fundamentals of the real estate market have changed dramatically over the past few years, and investors need to know how to read the signs so they get in and--just as importantly--out of the market at the right time.
So, if you're serious about informed investing, read Real Estate Investing in Canada, learn the ACRE system, and join the ranks fo Canada's top real estate investors.
********************************************************
Canadians are looking to real estate investing to build wealth given the unpredictable nature of the stock market. The Authentic Canadian Real Estate (ACRE) System is the first of its kind to show ordinary Canadians how to profit from investing in residential real estate. In Real Estate Investing in Canada, readers will discover how to cut through the hype and emotion of a real estate market and assess the inherent risks and rewards. Whether buying a first property or the 100
th, this book gives every investor new-found tools, strategies and confidence to achieve their investment goals.
What Canadian real estate investors are saying about the ACRE System and Don R. Campbell:
"This is a great book. One strategy alone saved me over $28,000 in the last nine months!" -- Michael Millenaar
"Full of practical Canadian content and presented in an organized and respectful system. It directly addresses how you get the money and financing you need to purchase enough real estate to achieve your goals." -- Tamara MacLaren
"One of Don Campbell’s great gifts is his near-genius ability to take something that appears complex and break it down into a simple step-by-step system that anyone can follow. I am convinced that everyone will thoroughly enjoy, and more important, benefit financially, by reading this book." -- Russell Westcott
"The power of Real Estate Investing in Canada lies in the super simple, street-proven systems that it offers you. It makes real estate dreams possible and reachable for any Canadian. If you are serious about learning the truth, cutting through all the hype and being successful, this is your real estate bible!"-- Valden Palm, Misterrrsp.com
A portion of the proceeds from this book will be donated to Habitat for Humanity Canada.
Special Bonus
The markets across the country are continually shifting and you must keep on top of the latest information. So, as a bonus, every registered reader of Real Estate Investing in Canada will have proprietary access to critical forms and ongoing market research at www.reincanada.com.
Customer Reviews:
Viewers aware! disappointed!.......2006-10-14
I agree with the review written by John Vantel on July 16, 2005. I am disappointed at this book. I can find much more valuable information at the small "real estate" section of "Personal Finance for Canadians for Dummies" than this whole book. The book has compiled a simple to-do-list for people who will be interested in doing real estate investment. It is an ok job. I think the main purpose for this book is rather to get people sign in for their monthly paid membership program or attend their seminars. Just to be aware.
Must have if you want to buy revenue property in Canada or elsewhere.......2006-08-05
This is an excellent, step by step, clear and consise approach to how to acquire good revenue property. Much like a John Grisham novel, it is hard to put down before you're done! Excellent network supporting the process available to you too.
Warning, FAKE reviews.......2006-06-06
Please be aware that all the 5 star reviews you see below are all probably written by the auther himself. You will notice that all the reviewers have posted within a very short time from each other, most have a common single name, and if you click on their name this is the only review they have written on Amazon.
I have not read the book, but if the publisher/author had to resort to abuse of the Amazon peer review system, then his advice can't be worth taking.
Great book for Canadian real estate investing.......2005-11-27
Don Campbell finally fills in a needed gap in real estate literature. "Real Estate Investing In Canada" is a great book on real estate investing focusing completely on Canada.
Mr. Campbell goes through the basics on real estate investing by telling the story of a new investor. I somewhat liked the approach... only partially because I've done a lot of reading on real estate before and this was a little bit tedious. However I wish I had read this book first and then the other books because this broke down the process really well.
The organization of the book is exceptional and the major points are spelt out. It is also an easy read with a lot of great information, particularly the mortgage binder.
On the downside, the book could have used a little more detail in specific Canadian techniques that an investor can use as well as in structural analysis (major points to look out for). However the book still deserves it's 5 out of 5 stars rating.
Finally ý a book for Canadians that works!.......2005-09-04
After reading a lot of books and taking a lot of courses, this book finally fills the gap. It does it practically and teaches you the basics you need to know to really buy property. No fuss, no muss, just do it using a simple approach. The other guys tell you stuff to sell books, Don tells you stuff to buy properties.
I have purchased several properties using these exact systems.
Thanks Don!
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