Book Description
Spend like a miser, profit like a mogul
Who says you have to spend money to make money?Savvy real estate investors follow the examples of Donald Trump and Walt Disney, turning substantial profits on properties without incurring the debt, risk, and maintenance costs of ownership—and now, so can you!
In How to Make Money with Real Estate Options, real estate expert Thomas Lucier introduces you to the low-risk, high-yield investment vehicle that can earn big bucks even for small investors. Lucier explains what real estate options are, how they work, and why they are the tools of choice for thousands of successful investors. Step by step, he shows you how to:
- Locate potential option properties using the Internet, want ads, and "bird-dogs"
- Contact and negotiate with property owners
- Perform due diligence and avoid options pitfalls
- Prepare an option agreement that protects you
- Insure real estate options with title insurance
- Package and sell optioned properties for optimum profits
Packed with no-nonsense advice on how to identify the most profitable properties and manage every step of the option process, How to Make Money with Real Estate Options is a practical guide to one of the secret weapons of savvy investors.
Customer Reviews:
Great instructive book.......2007-07-30
This book is exactly what I was looking for. I was interested in getting started in buying and selling real estate options and this book gets to the heart of it. There are a multitude of great suggestions, tips, and instruction. I would be lost without it. There are even sample forms. Worth twice the price!!
Unique but Highly Profitable Real Estate Investment Strategy.......2007-07-26
Real estate options are a very little used tool in the business, possibly because many people confuse them with land contracts. RE Options are nothing like land contracts, in a land contract you are obligated to buy. In an option you have the option of purchasing at a preset price. A number of examples are given and this is a well written book for people who have never attempted this. I recommend this book to all RE investors and Realtors.
Bad writing style.......2007-05-13
Like Lucier's other book on finding preforeclosure properties, this book on real estate options, while full of useful information, is so hard to read because of the terrible writing style that it is hard to recommend very strongly. His uneducated writing style causes me to wonder if he really knows what he is talking about. Prepare to be educated by torture if you choose to read this book.
Another real estate tool for the box.......2007-03-26
Great for a rookie to get lot of updated real estate information, but this book is probably geared toward an investor with a little more experience or a rookie investor that is well schooled. What was the best information in this book? - How to structure and execute real estate options. Also good a strategy, which involves locating distressed property, controlling that property with an option, and then finding a buyer who would probably not have considered that property until you were able to show him the potential in that property. Another real estate tool for the box.
The ideas sound great, but lack online support.......2007-01-23
I read most of this book and the ideas sound great, but after checking the author's web site I found the support limited. He offers his own personal support for a fee, but there is no way to contact anyone other than himself. Like every other how-to book on real estate you have to ask a question. Does anyone besides the author use this method? If so, how do I contact these individuals?
Until I come across a book like this, I find it hard to believe the author's information.
Book Description
With more than a million copies in print, Robert Allen's Nothing Down for the '90s has probably helped more people achieve success in real estate than any book in history. Countless numbers of his readers are now financially independent and many actual millionaires attribute their wealth to his techniques. Why has this blockbuster bestseller been so successful? The answer is simple: it works! Now, in one of the most practical books you'll ever read, Robert Allen has created effective new wealth strategies for investing in real estate.
Real estate remains the one reliable investment in which profits can be made consistently, no matter where you live. Whether employment figures and stock prices are high or low, the real estate market never dries up -- it is one of the most dynamic income-producing vehicles ever created. The demand for housing will continue to be strong in most areas of the country for the foreseeable future. There will, of course, always be plenty of foreclosures, which are great opportunities to purchase properties cheaply. And, finally, mortgage qualification today is simpler than ever, with new mortgage packages that did not even exist twenty years ago.
Nothing Down for the 2000s shows you how to locate the best buys, deal with real estate agents, and manage properties, all with little -- or no -- money down. Discover step-by-step techniques and dynamic strategies to:
• Use real estate to build monthly income
• Finance bargain properties for equity or cash flow
• Guarantee and secure your retirement
• Find and profit from foreclosures before they are publicly listed
• Sell and trade for maximum gain
• Increase property value
• Use owner financing to create opportunities
• Obtain direct, legal tax cuts
• Profit from conversions
• Develop effective negotiation techniques, and much more
Excellent for beginners or experienced investors, Nothing Down for the 2000s is the key to generating low-risk, high-profit wealth and to a potential future of security and financial independence.
Download Description
With more than a million copies in print, Robert Allen's Nothing Down for the '90s has probably helped more people achieve success in real estate than any book in history. Countless numbers of his readers are now financially independent and many actual millionaires attribute their wealth to his techniques. Why has this blockbuster bestseller been so successful? The answer is simple: it works! Now, in one of the most practical books you'll ever read, Robert Allen has created effective new wealth strategies for investing in real estate.
Customer Reviews:
It's a start!.......2006-11-07
There is really no middle-ground when it comes to Robert Allen. You either like his work or you think that his concepts are risky and/or far-feteched. I personally like Allen's approach to real estate from a novice standpoint. I have utilized many of his techniques to success. However, I do caution, once you get momentum, go to the next level and make money on the buy and continue to educate yourself on the right way to remain in real estate for the long-term. This will mean studying markets and having a long-term and short term strategy. This will mean that traditional closings have the place and creative real estate does not equate to illegal if done the right way with the right team - and can keep you out of trouble with your accountant. This will mean knowing the true cost of money (time value, strategy for each property, situation of the Seller, your situation and access to resources, etc.)
As time progresses, I suspect that many of these practices will be regulated and closely watched. However, don't blame Allen - there are many financing structures that get sellers into becoming motivated thus these techniques are executed. Play close attention to his guidance on commecial properties, cross-collaterization, dream-teaming, and subject-to/lease option structuring - these deals are made every day.
I never had a problem with Allen and as a matter of fact consider him important to the "master of your fate" outlook. He is now more or less an information guru because like so many before and after him - real estate is the impetus for improving your financial state to (a) start the million dollar business; (b) divesify and partner into different and larger properties, and (c) meet those who exercise advanced, long-term real estate strategies that lead to successful careers.
Oh -- let it be mentioned: Robert Allen is not "breeding competition." He is well-past these stages, but is willing to share on some of his novice techniques to get you started.
Good Read - Supplement it and Educate Yourself and you all will be well if the focus and desire is there. If not: Continue to blame Allen for trying to share pearls of wisdom at a modest cost.
Getting Started in Real Estate.......2006-09-20
This was an all around decent book for someone desiring to get started in the real estate business. It has 30 short chapters focusing on getting into the real estate business with no money. One of which is called tapping the equity in your home. Nothing really new there. The book contains some good concepts but a lot was just common sense. If you haven't bought real estate before and don't no much about financing then this will open up your eyes to some concepts that you may not have thought of before. There is a chapter on why you should own property. One on negotiations, one on using partners and another on overcoming roadblocks to your success. There is also a chapter on how to retire in 5 years. All in about 280 pages that will go by quick.
I think the most important thing that one could recieve from this book is that anyone can do it. It doesn't take a masters degree in economics to do this stuff. I think this book can give the reader a good basic understanding of how real estate and rental property works so they too can get involved. Just remember that positive cash flow is a must!
Stuff.......2006-07-20
Some of it kinda sounds farfetched, but I guess if sellers are desperate enough it could work.
Boycott Robert G. Allen!!!.......2006-05-20
Robert G. Allen is a notorious and relentless internet spammer. If you should happen to somehow end up on one of his email lists like I did, he will send you several junk emails a day. Unsubscribing doesn't work, and trying to block the sender's domain is useless because the emails are sent from a different domain every time. The funny part is that the emails aren't even coded properly. They always show up as just a bunch of html code. Would you really take internet money-making advice from a guy who can't even code html properly? Anyway, his spamming practices are completely illegal and it's only a matter of time before the law catches up with him. But that shouldn't come as any surprise considering that mister Allen has been in trouble with the law before. He's had several run-ins with the IRS, lawsuits against him, and a chapter 7 bankruptcy. I would also stay away from his Nothing Down real estate methods. Many of those practices are illegal, and the president of the Nothing Down club in Atlanta wound up in federal prison because of it. For more info on Allen, visit johntreed dottcomm, click on Real Estate Investing, then click Real Estate Guru Ratings. Bottom line, don't trust this guy and don't buy his books. And if you're reading this Mr. Allen, take me off your @%#&*$ mailing list!!!
Great Scam.......2006-01-29
I was actually very impressed by the material in the book and would have undoubtly given it 5 stars. BUT something very fishy made me change my mind. I applied to enroll into the Robert Allen Instiitute mentorship program for real estate investment (details are online). I got a call from the Program and a sales person like sounding gentleman, who threw around his weight and suggested multiple times that it would be an honor for me to be chosen for the mentorship program spoke to me for an hour...And then he and his supervisor suggested that if I trusted Robert Allen, I should give him my credit card number for a charge of 6000-10000$!!!!. 'It takes money to make money' he said. When I told him that he will need to tell me how many perople are actually in the program and how many actually make money, he was caught offguard...at the end of the conversation he was frankly rude and said 'Well, think about it, all you have done in your life so far is made 80000$ a year'...I mean how unclassy can you get!!...well thank you Mr Allen and your sales-people...I sure can tell how you have made your money.
Book Description
With lease options and subject-to deals, investors can control properties worth much more than what they could normally afford to purchase. The potential for profit is great and the costs of getting started are low.
This book shows novice investors how author Wendy Patton and thousands of other Americans—including well-known real estate developers and business moguls—use lease options and subject-to deals to control valuable property without necessarily owning it. The cost of purchasing an option or subject-to deal is a fraction of what it costs to buy a home. That's why these kinds of deals are typically found in every serious investor's portfolio. Sharing the secrets and strategies investors use to profit from low- and no-money-down deals, Patton gives investors all the information they need to succeed.
"Finally, a book that explains lease option and subject-to deals in depth and detail. This book is essential for anyone who wants to make money in real estate without using a lot of cash or taking on a lot of risk. A gold mine of great information."
—Robert Shemin, New York Times bestselling author of Secrets of Buying and Selling Real Estate¿Without Using Your Own Money!
"Few can rival Wendy's knowledge and experience with lease option and subject-to deals. This is a must-read for beginning and advanced investors and the real estate agents who serve them."
—Gary Keller, New York Times bestselling author of The Millionaire Real Estate Investor
"The techniques Patton teaches here are invaluable—especially for working with Realtors and still getting properties for little- or no-money-down. The detail in this book will make you want to read every page."
—Albert Lowry, PhD, New York Times bestselling author of How You Can Become Financially Independent by Investing in Real Estate
Customer Reviews:
Great Book! Great Author!.......2007-09-14
This book is very well written. Excellent. Three months after reading her "Lease Option/Subject To" book I was able to do a lease option deal with a motivated seller. Now that I am ready to exercise my option, I was having problems finding a mortgage broker that can refinance a lease option deal. I emailed Wendy Patton and she responded in less than 24 hours with 5 mortgage brokers that can do the refinance. Bottom line, this is a Great Book! and a Great Author!
The best from the East works even in the West!!!.......2007-08-30
As Real Estate Investors, when we hear of different ways to make money in this business, usually the first question always is "Will this work for me?" or "Will this work in my area?" or even better, will it work now "in this type of market?" Well, I say that Wendy has techniques that will answer YES to all three questions. My eyes really lit up when I learned how to combine methods--such as buying "Subject-To (getting the deed) and then Lease Optioning!!! Boy talk about a million dollar idea!! And these methods work -NO MATTER WHAT YOUR MARKET IS DOING!!! It was once said by a very popular and wealthy individual that we should "Own nothing and CONTROL everything"--well you got it right here!!! CONTROL WITHOUT OWNERSHIP!!! And you can get wealthy doing it. How would you like to own (control) over 100 homes at one time and have THREE sources of income from EACH house!!!! How many checks can you handle? That is what this book will do for you!!! GO GET IT NOW!!! RIGHT NOW!!!
GO Slowly and Know What You are Doing.......2007-07-26
As a Realtor, I get a little nervous when my investor clients come to me and want to try things they read about or saw on the web or on tv. Most of those things are illegal in the state I practice in.
However, this is a good primer for beginners in Lease Options and Subject-to deals, both Realtors and investors can profit from this read.
I do have clients who use variations of these strategies, but it is very important that you fully understand how these work and what can happen if they don't work. This book is a good addition to every investor and Realtor's reference library.
A word of caution: Before you attempt any of these proceedures discuss it with a very knowledgable real estate attorney, preferrably one who is also a real estate investor.
Great info........2007-07-05
I have a hard time believing that it is quite as easy as this book makes it sound but some very interesting and useful info.
Her book is simply an advertisement .......2007-06-28
How to Invest in Real Estate using Lease Options and Subject To's is nothing but an advertisement for her more expensive $700 course which includes all the scripts, contracts, forms, CD's, DVD's, powerpoint presentations to Realtors and so forth. I am really disappointed that she refuses to allow you to download these scripts, contracts and forms she mentions in her book for free off her website. Her book is worthless until you are willing to shell out $700 for her course. I love the content of the book but if you are a broke unemployed salesman you will continue to stay broke because it always takes money to make money. There is no such thing as free anymore. No such thing as compassion for those trying to get a brake here.
Book Description
Life can be tough for real estate professionals these days. Even with interest rates at historically low levels, the uncertain economy makes homeowners hesitant to relocate or trade up. There just aren't that many clients out there, and the few who exist generate fierce competition. In fact, it seems the single ""hot area"" is foreclosures. But that's not necessarily bad news.
Conti and Finkel's book is a good ""crash course"" for real estate brokers and agents wanting to understand this area and explains the intricacies involved in funding investment deals, using various buying/closing methods and employing exit strategies. Thanks to the book as well as workshops and seminars offered by the two authors, thousands of people each year learn the art of lucrative real estate investing.
Customer Reviews:
Investing in Foreclosures.......2007-10-17
Easy to read and understand. The Foreclosure process and strategies are presented with real life examples that help you to apply and to formulate your own strategies. It is also a good reference book.
Powerful evidence .......2007-05-25
Making Big Money Investing in Foreclosures without cash or credit is a morally courageous examination of real estate investing!! Peter Conti gives powerful evidence of new ways of investing. In this successful oriented book the author minimizes risk taking and explores objective ways towards successful investing. Must read!!
Excellent overview of Foreclosure purchasing.......2006-12-22
I had run across my first pre-forclosure deal and needed to get a basic understanding of the steps and processes. Peter and David's book provided that wonderfully. I was able to use the steps and scripts to sign up a deal, provide help to a stressed-out seller and reach the proper department at the lender. The suggestions of how to talk to both the seller and the lender have been very helpful with dealing with the human side of things. I felt very comfortable with the style and the seller has been very appreciative. I didn't feel manipulative at all.
Making Big Money Investing in Foreclosures: Without Cash or Credit by Peter Conti.......2006-11-09
An official Library Weekly book review.
REVIEW:
This book generically highlights a few ideas on how to invest in
foreclosures and how to finance it without using cash or credit.
Part of the formula is the use of "double closings" which allows
you to simply invest with a minimal amount and use the sell price
as the payment during the title closing. The difficult aspect of
this is it doesn't truly describe certain foreclosure techniques
available in each state (generically applied). Additionally,
you may need to read this with a grain of salt with the current
real estate market conditions.
OTHER RECOMMENDATIONS ON FORECLOSURES:
1. The Beginner's Guide to Real Estate Tax Lien and Tax Deed Auctions [ISBN 0978834607]
EXCERPT:
"There's never a better time to invest in real estate."
RATING:
3 of 5
Another Finkel disaster.......2006-06-28
How to get the most money for your property. This topic, worthy of a book, gets a couple of pages which are platitudes. This is the second book of his I've read recently in which he talks about determining the market price. The approach he advocates will result in a variance with the market of 40%, if not more. And, he lumps apartment buildings in with houses as if they were valued the same way. Of course, they are not.
On the plus side, in this book he recognizes that people do tend to get legal advice before signing a contract. He tells you how to diffuse the lawyer's criticism before it happens.
During my years as an apartment broker, I dealt with more than a few lawyers, including clients. Maybe his approach will work, but I'd think not.
This is another feel-good, cheerleading book. Rich Dad, Poor Dad does a better job of cheerleading, but has even less substance than this lightweight work.
Once again, the author has silly sales techniques that don't work. Once again, let me point you to the best writer in sales: Neil Rackham.
Spare yourself time, money and effort. Pass on everything David Finkel writes or promotes (as I shall hereafter).
Book Description
Trump Strategies for Real Estate offers unbeatable insider advice for every serious real estate investor—beginners and old pros alike. For more than twenty-five years, author George Ross has been one of Donald Trump’s chief advisors and intimately involved with many of Trump’s biggest real estate deals. Now, Ross teams up with bestselling real estate author Andrew McLean to present Trump’s real estate investment strategies so that even small investors can invest like Trump. You’ll learn how Trump identifies potential properties and how he finances, negotiates, and markets his big deals. Not everyone has Trump’s money or name, but everyone, even you, can use his tactics and strategies to win big in real estate.
Download Description
How to do it like Trump¿from start to finish
This is the first real estate investing book to reveal the principles and strategies of the world¿s most famous real estate developer¿Donald Trump. Author George Ross is Trump¿s celebrity costar on the hit TV show, The Apprentice, and has been Trump¿s right-hand man and business advisor for 25 years. Ross has advised Trump on all of his most famous real estate deals including Trump Tower on 5th Avenue and the Grand Hyatt on 42nd Street. In this book, Ross explains the core real estate investing and negotiation strategies Trump used to make his fortune, and how any investor can apply these strategies to their own real estate investments.
Small investors may not buy land on 5th Avenue, but the same principles Trump used to negotiate the purchase of his Trump Tower site apply to any real estate investor who wants to use Trump-style negotiation principles to buy property for below-market value. The small investor buying a fixer-upper may not have Trump¿s budget for marble and gold-tinted windows, but this book explains how to add "Trump-style glamour" to any fixer-upper¿and charge tenants and buyers a hefty premium they will willingly pay. Other key "Trump Strategies for Real Estate" include:
- Think huge; change the way your property is used and valued for maximum ROI
- Use showmanship to get higher rents and sale prices for your properties
- Be willing to overpay for a prime location, if it will get you prime tenants.
- There is no "right price" for the wrong property
- Personal relationships and loyalty are the foundation of a long-term investing career
From the search for the right property to "cashing out" of a property, this book has it all.
Customer Reviews:
a good book for investors .......2007-09-29
its a good book for anyone to read and its been a big help to me.
i suggest you read it if you intrested in investment.
Great!!.......2007-08-31
This book is very informative about how to change your thinking as well as your practices when it comes to real estate. Very great book for a begginner investor.
George is great!.......2007-05-12
This book is great for somebody looking to find the 'big picture' in real estate, with some very helpful thoughts to guide decisions. Working in real estate, I have already used much of the advice in this book with my real estate clients with great success. Though not all thoughts apply to my area, the book as a whole was a great read.
Very good book.......2006-12-26
I've been in real estate for 12 years and this is one of the few books worth buying and keeping in your library. Many of the things I already knew, but it's good to have this as a source of reference. I like the info on negotiation and research (the party that spends the most time/energy on project tends to want to complete the transaction). Trump believes in hiring the best experts available and "value added," which is another way saying adding glitz to his properties. The author is also right on when he states that most people take the path of least resistance. I agreed with 90% of what the author wrote about.
Good reading.......2006-09-06
You know, if you want to be the best, you need to learn from the best. George & Donald are the pinnacles of success in the real estate business. George Ross presents how things work with him & Donald in the business world, from his perspective. I highly recommend it. I have far more respect for George now after reading this book.
Book Description
Real estate investment trusts (REITs) make commercial real estate profits available to everyone! REITs are one of the hottest and most potentially lucrative investment vehicles in the market today. Find out how you can take advantage of these increasingly popular securities in the powerful new book Real Estate Investment Trusts. Professionals Richard T. Garrigan and John F.C. Parsons have gathered over 20 of todayÕs most influential opinion leaders to explain how investors both large and small are beating the S&P 500 with REITs, how these REITs combine superior income and growth with relative safety, behind-the-scenes information on how to assemble and launch a successful REIT, and statistical support for market confidence in the long-term appreciation potential of REITs. Whether you are a real estate investment professional seeking comprehensive information on todayÕs REIT operational requirements; an investment professional needing to better understand REITs; or an individual investor interested in diversifying your own portfolio into real estate, Real Estate Investment Trusts will open your eyes to the incredible opportunities available in todayÕs REIT market. Order this well-researched, interesting and informative book today.
Customer Reviews:
Dull and disappointing.......2005-06-11
I bought this book because I am an investor in REITS and wanted to get a deeper insight into comparing different REITs to find the best ones to invest in. I wanted to be able to read the balance sheets of several different REITs and decide which is the better investment. This book left me bored and no further forward.
The main problem is that each chapter is written by a different "expert" on a particular topic such as "Asset Allocation" or "Institutional Investing". Firstly these experts may be great money managers but they are dull writers without a jot of personality. The chapter on Tax Treatment of REITs is a lifeless regurgitation of the tax code. Worse, the editors did not steer each contributor strictly enough to avoid repetition and as a result every chapter begins with yet another review of REIT history.
There was no analysis of different REIT business models, such as trading CMOs compared with Residential or Office space. There is no analysis of how to tell good REIT managers from ordinary ones. I was optimistic about the chapter on Asset Allocation to see how REITs fit in with stock and bonds in your portfolio but again I was disapppointed. After grinding through page after page differential equations the chapter fizzled out with no mention of reccomended asset allocation ratios.
I gave the book 2 stars instead of none because the data seems to be accurate and authoritative but then so is the maintenance manual for my vacuum cleaner. A $75 book has a duty to do more than assemble boring facts in sequence.
I don't really know who this book is targeted towards. If you are going to be a junior paper pusher employed by a REIT it may give you a head start but the rest of the planet should look somewhere else.
An excellent overview of the REIT Industry.......1999-07-17
The book provided an insightful overview of the REIT industry. The book was organized by various topics relating to investing and managing a REIT. The chapters were written by practioners and academics working in the different REIT industry areas. The authors were able to provide vital insights into their areas of expertise. As a new REIT employee I learned about the challenges and opportunities that lie ahead for my company and the REIT industry as a whole. some of the chapters were a bit technical in nature; particularly the analysis on historical private verses public REIT returns. Overall the book should be required reading for REIT investors and Managers as well.
Book Description
Tough-minded real estate developer and star of The Apprentice, Donald Trump asked 100 of the world's most successful real estate experts to tell him the best real estate advice they ever received. The answers are insightful, practical, and particularly helpful for anyone wanting to profit from the current uncertain real estate market, whether commercial or private.
Customer Reviews:
Interesting.......2007-08-18
If you are looking for a how to book this is not it. If you don't ask for or take advice, this book is also not for you. But it does give some perspective of what people in the business think are important to their success. It is also a lot easier to read than finding the 100 people yourself and getting the advice directly from them. While there is some repetition, some contributors took more time and actually did write some more detailed tips. There is a good section on how to do better 1031 exchanges for example, which usually gets a mere mention in many books.
A good read. Not heavy-duty stuff, but a good read. .......2007-06-30
The reader should keep in mind one thing: this book is more inspirational than instructional. 100 real estate experts tell what worked for them, and in doing so, they give an overview of their investing philosopies and the strategies they used to be succesful.
I always find it interesting to see what has worked for these succesful people. I've long believed that one of the best ways to become succesful is to imitate what other succesful people have done to get there.
If you're looking for detailed strategies, you're better off buying a more instuctional book or course that walks you through the process of buying, selling,and building up your real estate portfolio. I recommend stuff by David Lindahl, Robert Shemin, & Russ Whitney. This is not that kind of book. But if you're interested in "picking the brains" of succesful real estate people, & seeing what you can glean from them to apply to your own real estate investing, this is a book I'd highly recommend.
The 100 most opposite and repetitive advices.......2007-03-10
The 100 most opposite and repetitive advices.
In this book I believe that mister Trump only has rented his photo and that the persons who write have written his comments there in change of his companies are quoted to the beginning of every comment. It must have been a very cheap book of editing.
The comments are the majority of the times very elementary, repetitive and often contradictory, comment 50 " leaves his emotions in house ", comment 92 " there is no stand-in for the passion ". One can not be cold and excite simultaneously.
The pearl of the book is when Barbara Corcoran speaks in the advice 18 of her Basque "friend" as that the Basque Country is " the top stratum of the franco-Spanish society ". This friend of Mrs Corcoran must be very clever with the women, since the Basque Country is the poorest region of France and the Basque Provinces or " Vascongadas in Spain they are despised for belonging mostly to small villages and with scarce culture. That is to say rather there are the lowest stratum of the society franco - Spaniard and the not highest. I hope that Mrs Corcoran should know better the real estate market of New York than the geography and economy of Europe.
A bad book.
I'm thankful I didnt buy it..........2007-02-28
I just flipped through it at a bookstore. I've got to tell you, I dont know what The Donald is up to these days because he really seems to be lending his name to all sorts of garbage now. His name used to stand for the best. Now he has his huckster university and all these junk books and even pro wrestling. What's wrong with him? Back to the book, this book is just page after page of short snippets from other developers. No real secrets divulged. 90% of it is just common sense you already know. He didnt even write it for Pete's sake, he just basically lent his name to it.
can't I rate it zero stars?.......2007-02-18
Like the other ghost written T books, another one that just wastes trees.
Book Description
Ride the housing crash to big gains, build recession-proof wealth, protect your biggest investment We are in the midst of uncertain economic times. Though there has been a slowdown in the economy, real estate is the one area that has continued to grow. Until now. According to financial expert John Rubino, a real estate crash is coming--and it's going to be a bad one. Don't be caught without the information you need to protect yourself and your nest egg. After all, your house is your single largest investment. In his incredibly timely book, industry veteran Rubino outlines: -The present U.S. real estate market and how it got this way -Statistics that indicate the coming dramatic market turn, including the increased use of cash-out mortgages and near-record levels of consumer debt -Consideration of the events that will inevitably follow the bursting of the bubble -Strategies for protecting yourself -Clear ways to profit from the crash How to Profit from the Coming Real Estate Bust is the essential how-to book to read if you want to survive, and benefit from, the upcoming crash.
Customer Reviews:
not useful anymore.......2007-02-07
If this is the first time you've thought of or talked to anyone about real estate, it's worth a read. You get some history. If you've read any newspaper, magazine or book about real estate in the last year, you don't have to read the first 3/4 of the book. It's the same stuff over and over again. The last part suggests stock picks, buying gold and holding cash. Financial advice should probably not be taken from a journalist anyway.
If you're a contrarian, doesn't the bubble only burst when people say it's not going to burst?
smart money.......2007-01-17
Since REAL ESTATE, SP500(target 50 / 100) are heading deep south,
it is my pleasure to receive honest advice
from a seasoned journalist who has seen many ups and down
and all the bluff at market tops like todays many times over
and can give us outright advice of how to ride our boat
to a safe harbor before the perfect storm.
Madrid, 1/16/2006 21:14:25 CET
Pablo C. GATON-FRAILE
pgaton@yahoo.com
Advice Taken.......2006-10-05
Two years ago I purchased Mr. Rubino's book. Back then the housing bubble was a seldom-discussed topic. For me, the information and advice made absolute sense. We sold our 5 acre property in Oregon and moved to be close to the kids. We are debt-free, have money in the bank, and will rent until the insanely high house prices decline to a reasonable level. Thank you Mr. Rubino. I could not be happier that I took your timely advice!
An OK book, eye opener for mainstream investors, but old news for most financial professionals.......2006-01-03
First of all, a correction for the review from David "Pudd'nhead" Wilson. Graphing Total US Debt to US GDP shows that it was flat around 1.40 from 1955 to 1981, then exploded up to 1.85 by 1986, flat at 1.85 up to 2001, and *most ominously* has been rising steadily each year .. 1.84 in 2000, 1.90 in 2001, 1.96 in 2002, 2.01 in 2003, 2.05 in 2004.
Get your facts straight before you shoot your mouth off!
Otherwise, this book is interesting reading for most mainstream investors who are bullish on real estate given the last few years' outperformance. For most financial professionals and goldbugs, this won't be anything new and you are probably better off cosying up to something anti-fiat-money like Conquer The Crash, Financial Reckoning Day, or Tomorrow's Gold.
Enjoyed reading this book, highly recommended!.......2005-12-29
The title is slightly misleading. The book is not focused on real estate bust. It starts with introducing the idea of business cycles. Basically if something is flying high, it will eventually fall down. Then there is a nice chapter about derivatives. Most people know that an average US consumer spends more then makes, and this chapter gives an idea what makes it possible. The last few chapters have some suggestions about how to survive a coming bust, but frankly, this part is not that impressive.
The book is really easy to read. It's full of jokes, but it has solid background, so it doesn't sound light.
Book Description
For decades, banks and brokerage houses have effectively convinced us that IRA holdings can be invested only in stocks and CDs. Then, with the sharp decline in the stock market, most of us could only stand by and watch as our retirement savings lost their accumulated value. Few knew that there was an alternative which offered both safety and growth. That alternative is real estate. That's right. Contrary to what you may have believed, it is perfectly legal to hold real estate investments in an IRA account—and to enjoy unprecedented returns. For nearly twenty years, IRA investment expert Patrick W. Rice has taught thousands of men and women his revolutionary strategies for using an IRA to create wealth based on real estate. In his new book, Mr. Rice shares all his moneymaking strategies with you. Within the pages of IRA Wealth, you will learn how to:
• Turn your old IRA into a self-directed account that puts you in charge.
• Buy income-producing properties, from rental houses to commercial buildings.
• Purchase high-yielding real estate-backed notes.
• Buy your dream retirement home now.
• Loan money to family and friends while building your IRA.
• Form limited liability companies that multiply your investment power.
• Buy yourself a thriving business—or a great job.
• Reduce your risks while boosting your returns.
Although it may be a little late to avoid the volatility of the stock market, the lesson has been simple: Don't put all your eggs in one basket. IRA Wealth offers an entirely new basket—one that holds golden eggs for a bright and rewarding future.
Customer Reviews:
Women, IRA Self-direction puts you in control.......2007-08-25
This book is a great guide to the concept of self-directed IRAs. Everyone with an IRA or 401K over $50,000 should be considering this option. There is no limit on the returns you can realise in your IRA account. Take this authors advise and go for mazimun returns on investment you control. It's legal and it makes sense. This is one of the stategies every women needs to understand to gain financial independence. Knowledge and a wealthy mindset as recommended in "A Man Is Not A Financial Plan!" helpA Man Is Not A Financial Plan! make women wealthy and wise.
WOW! A way to invest and have control at the same time.......2007-07-26
This book got me started asking my financial advisor and the local bank financial advisors questions. I had been told I could not use any of my retirement funds to invest in real estate. I know better now and so do they.
Good book, this type of investing comes with risks and it is expensive because an intermediary has to be used (just a couple of things to weigh into the decision to or not to use). Not something to jump into lightly, good beginning book but recommend getting additional information on the subject and discussing it with your accountant prior to attempting it. If you do decide to plung in, do extensive research on the intermediary companies - be sure they are legit, have bullet proof references and actually ask to talk to current clients. Compare costs, services and reputation - cheapest could cost you dearly in the long run.
Very good. Worth every penny, and then some. .......2006-10-29
A good read, with lots of helpful information. Frankly, I wish there were MORE books on the subject of self directed IRA's, particularly real estate investing via self-directed IRA's. That being said, I'm convinced this is one of the best books you'll find on the subject.
If you're looking to pump up your IRA with smart real estate investments, this is a good book to have on hand. Highly recommended.
Good Roadmap for IRA Real Estate Investment.......2005-08-26
This book is a good general overview of the structure for investing self-directed IRA funds in real estate, as well as the major busines, tax and legal concerns involved. It is not overly general nor overly technical and is an easy read. It's a good roadmap for the first-timer.
Simple, maybe too much so........2004-11-07
Very basic guide to IRA conversion/self-directed IRAs. Probably helpful to a novice, especially someone nervous about taking control of their own fund. For someone who is an experienced real estate investor, used to considering (eg) tax consequences, depreciation issues, leverage issues, etc., not very helpful at all. I was especially disappointed that there was not more specific information about what was actually necessary to convert 401Ks to self directed funds, and more analysis of what to look for in a fund administrator.
Book Description
This edition includes a stellar cast of contributors. Experts from the Mortgage Bankers Associaiton, Freddie Mac and Fannie Mae discuss the most critical issues facing the mortgage lending industry today, including: merges and acquisitions; legal and regulatory issues; origination--retail, wholesale and builder protection; hedging mortgage pipeline fallout; automating mortgage banking operations.
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Books Index
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General
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Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time
What Every Real Estate Investor Needs to Know about Cash Flow... And 36 Other Key Financial Measures
