Amazon.com
The author of the rags-to-riches real estate bestseller Nothing Down for the '90s presents advice drawn from 20 years of writing and promoting get-rich books through seminars, infomercials, and home-study courses. In Multiple Streams of Income, Robert G. Allen shows you how to create income with little or no investment. Says Allen: "Today, very few families can survive on less than two streams of income. In the volatile future, you will need a portfolio of income streams--not one or two--but many streams from completely different and diversified sources."
Beginning with advice on controlling spending and increasing savings, Allen hits his stride in chapters on stock market and real estate investing. He draws on the investment advice of others, including Peter Lynch, and even suggests that you invest in Berkshire Hathaway and let Warren Buffett manage your money. Allen also shares his real estate strategies for finding motivated sellers, securing creative financing, and buying foreclosures and tax liens. Additional chapters cover multilevel-network marketing, information and product licensing, and marketing on the Internet. Throughout are checklists, work sheets, and testimonials, as well as pointers to more articles and materials on the author's Web site. It's useful to have so much information so concisely and well explained, and many who read this book will find it hard to resist implementing one, if not several, of Allen's recommended income strategies. --Scott Harrison
Book Description
Would you like multiple streams of lifetime income flowing into your life?
If you answered "YES!", then you will profit from Robert G. Allens new book, Multiple Streams of Income. In these pages, the bestselling author of the #1 megahits Nothing Down and Creating Wealth will teach you how to create Multiple Streams of Lifetime Cash Flow. Youll learn 10 revolutionary new methods for generating over $100,000 a year-on a part-time basis, working from your home, using little or none of your own money.
Bestselling financial author and mentor Robert Allen has researched hundreds of income-producing opportunities and narrowed them down to 10 surefire moneymakers for the new millennium. Now, with his no-nonsense money book Multiple Streams of Income, Allen reports the overwhelming evidence of his findings. You will learn:
- How to retire wealthy on a dollar a day
- How to earn an extra million in your lifetime
- The 9 characteristics of the ideal home-based business
- Low-risk ways to double your money in the stock market-FAST!
- 9 ways to find super real estate bargains
- How to earn 18%, 36%, and up to 50% returns on your investments-guaranteed
- How to earn as much as $1,000 a day right from your own home
- How to profit from the Internet explosion
- How to become an information multimillionaire
- How to cash in on the secrets of intellectual property
- And much, much more
Youll learn how to make a fortune. Youll also learn how to keep it, using ingenious tax-sheltering strategies designed to help you keep much more of the wealth you create.
Multiple Streams of Income is the result of a lifetime of research and experience in teaching thousands of people how to achieve financial freedom. And now its your turn. In this book, youll learn how one good deal can set you up for life.
HERES WHAT SOME OF THE WORLDS MOST TRUSTED ADVISORS ARE SAYING ABOUT MULTIPLE STREAMS OF INCOME
"The whole idea of Multiple Streams of Income will be a powerful paradigm shift for most people. Bob Allen then gives practical and beautifully illustrated knowledge on how to do it. Mastering financial principles is an important habit in life because it gives us the freedom to focus on what matters most. A valuable read."-Dr. Stephen R. Covey,Author of The 7 Habits of Highly Effective People
"If youre ready to have the money just keep rolling in, read Multiple Streams of Income by Robert Allen. Bob knows how to share his lifetime of learning, compressed in an easy-to-read, easy-to-absorb, and easy-to-use format."-Jack Canfield and Mark Victor Hansen, Authors of the Chicken Soup for the Soul® series
"I have tremendous respect for Robert Allens ability to teach people how to make a lot of money. His latest book, Multiple Streams of Income, contains a wealth of information."-Robert T. Kiyosaki, Author of Rich Dad, Poor Dad and CEO of Cash Flow Technologies
"Multiple Streams of Income is a wise investment! Robert Allen once again delivers us the simple and sound advice that quenches our thirst for healthy economic prosperity."-Ken Blanchard, Coauthor of The One Minute Manager
"Multiple Streams of Income is an incredible book! You will learn more practical ideas to make money, keep the money you make and become financially independent in this book than in any other single source. It is a financial success bible for the twenty-first century."-Brian Tracy, Author of The 100 Absolutely Unbreakable Laws of Business Success
"One idea that Robert Allen gave me added an additional stream of over $100,000 in our income. Think what 18 chapters full of innovative, no-nonsense strategies can do for you! Read Multiple Streams of Income and reap the harvest."-Dr. Denis Waitley, Author of The Psychology of Winning
Download Description
Knowledge of the structures and properties of nonferrous metals, such as aluminum, is required knowledge for all materials scientists, chemists, and metallurgists. However, existing books often include this topic with their description of ferrous metals. Because ferrous metals (steel and cast iron) are by far the most widely used metals, coverage of nonferrous metals in these books is cursory or absent. For this reason there is a need for a book that deals with nonferrous metals.
Customer Reviews:
Can You Make Multiple Streams Of Income Online?.......2007-05-23
I first learned of the term Multiple Stream Of Income from Robert Allen the No Money Down guy. He pretty much coined the phrase all the way to the bank. I read his book a few years ago, it was the number one best seller on The New York Times Best Seller's list. I was so thrilled to get my hands on it I just knew that this was the long awaited manuscript that we marketers wanted to give it a test drive.
It was a good read, however it had too many twist and turns and it cost a bit much at the time to implement his methods from just one website, and it was not the results I was looking for. I knew there had to be a better way for us new marketers to reach that illusive extra income stream.
I begin to wonder, can you actually make multiple streams of income online? I continued my search for the missing pieces of the MSI puzzle that would put it altogether; With the many product offers that promises you the world if you would try this program, and use it with this technique, and you'll surely be on your way to riches.
After several years of online seeking, I can now say I've been to the mountain top of internet marketing offers, and what I have come down with is this; there are many claims being made about multiple streams of income online that you can use right now in your marketing campaign to a steady flow of extra income. I found this unique website with multiple streams of income you can get from Google, Ebay, Clickbank, CJ; etc. All from one cool little website. I have studied the likes of Tim Knoxs, Brad Callen, Mike Falsaime; etc, and a host of other top online experts in this field of multiple streams of income and their proven systems, and what I have found will surprise you.
Don believes that less than 5% of the marketers are making it online, and 95% of the programs online are a waste of money. There are no more secrets, just the facts. If you are focus you'll learn one of many proven marketing tools I'll show you to help you along your way to build Multiple Streams Of Income Online the correct way.[...]
Robert G Allen Rocks.......2007-05-08
This is a awesome "How to" book for amassing the wealth necessary to break the gravitational forces of depending on employment for your financial security.
First, control the leaks in your financial pond
Second, add streams of income to that financial pond - includes lots of ideas
You'll have to read it to get the rest. I can hardly wait to get my hands on some of the other Robert Allen books.
A Smorgasbord of Options From Which to Pick and Profit .......2007-04-19
There's no doubt that the content in Multiple Streams of Income will have your head swirling with wealth-building possibilities.
I believe that the book opens the doors of opportunity in areas you may not have considered. At the same time, not every concept is right for every person.
I found myself skimming chapters I'm not ready to pursue and slow to absorb chapters that contain ideas I can capitalize on right away. When I develop a comfort zone and steady income through the strongest possibilities, I'll re-read the chapters that contained ideas I wasn't ready to develop. Perhaps this tip will also help you.
The section I found to be extremely beneficial was chapter two, The 10-Minute Millionaire. It masterfully explains how to value time so that you can concentrate on the multiple streams open to you. That's key no matter which revenue opportunities you choose.
I appreciate a book that identifies numerous revenue sources, provides examples, and includes charts with a visual perspective on what's possible to increase personal wealth. At the end, your brain may be on overload. However, taking action on just one idea from this book has the potential to change your life for the better.
Alright, too many stories. No real meat.......2007-02-24
I was expecting to get a book that would steer me into the course of making some more money on the side. While it does inform readers of ways of generating more cash flow, each chapter seems to just be filled with non-practical wisdom on how to enter each money-making field.
If you own a business, or want to .....read this book to grow your sales BIG TIME.......2007-01-25
The simple strategies in this book can be the difference from your small business staying small(shrinking) or it exploding.
Book points out the "gold" in your own customer list and how to create, expand and benefit from all of the relationships you have built in your business.
As a small business owner taking just a few steps from this book will help us increase sales using no extra money, just our time to work with our existing customer.
Use your web site for more than just a place for people to look at or read about what you do, make it a BIG asset.
If you have been in business for a while and think that just having a web site is engough, you are missing out on additional income AND it is much easier to capture than finding new customers the hard and expensive way.
Book Description
Praise for the first edition of Multiple Streams of Internet Income
"If ever the world needed some help to succeed on the Internet, this is the moment. Robert Allen's new book is just in time to save the day."
—Jack Trout, President, Trout & Partners, Ltd.author of Differentiate or Die
"Earning money . . . serious money, is no different than piloting a jet aircraft or baking an apple pie. You have to learn how and you must understand what you're doing. Robert Allen is a master flight instructor if you want your income to soar. He knows what ninety-eight percent of our population have proven they don't know. Read this book and follow his advice. In a relatively short period of time, you will become wealthy and be amazed at how much free time you have when you never have to worry about money."
—Bob Proctor, author of the bestseller You Were Born Rich
"The only thing better than the promise in the title of Robert Allen's wonderful Multiple Streams of Internet Income is the enlightening information in the book itself. And the only thing better than the book is the life a reader can lead after reading the book and taking the actions that are suggested. Of all the books I've read about earning money online, this one tops the list for a multiple stream of reasons."
—Jay Conrad Levinson, author of the Guerrilla Marketing series
"Robert Allen has done it again! Multiple Streams of Internet Income is an exciting look into the many creative things you can do with your money in today's new economy. I can't wait to use its wisdom!"
—Ken Blanchard, coauthor of The One Minute Manager® and Big Bucks!
"Information is less expensive to manufacture, promote, and ship than hard products such as running shoes and CDs. Robert Allen shares how you can apply Internet technology to selling information: books, reports, articles, seminars, speeches, and consulting. There are a lot of fluff books on e-commerce. This one is detailed, accurate, and readable. Multiple Streams of Internet Income is not just a book, it's a complete and hands-on course in advanced commerce. Congratulations."
—Dan Poynter, author of The Self-Publishing Manual
Customer Reviews:
ehh...not that great.......2007-09-29
The internet marketing world is so overcrowded that it may be impossible to make consistant returns. This book does have decent info for beginers but i doubt anyone will get rich quick on the techniques described in this book. save your money and invest.
Inspiring.......2007-09-11
Over the years I have enjoyed reading everything Allen writes. In this book he builds on his idea of making money from multiple sources, and focuses of course on Internet business ideas.
Allen spends too much time, in my opinion, discussing the creation of an email list, which you then use to send ads to. This is fine for a long term approach to Internet marketing, but won't help you make money this week.
You may also like a report published by Ron Taylor, Make Money Online: My Formula For Online Marketing Success.
Can You Make Multiple Streams Of Income Online? "http://www.the-secret-is-out.com.......2007-05-23
I first learned of the term Multiple Stream Of Income from Robert Allen the No Money Down guy. He pretty much coined the phrase all the way to the bank. I read his book a few years ago, it was the number one best seller on The New York Times Best Seller's list. I was so thrilled to get my hands on it I just knew that this was the long awaited manuscript that we marketers wanted to give it a test drive.
It was a good read, however it had too many twist and turns and it cost a bit much at the time to implement his methods from just one website, and it was not the results I was looking for. I knew there had to be a better way for us new marketers to reach that illusive extra income stream.
This Book Inspired Me For Many Years To Seach For A MSI Website:
I begin to wonder, can you actually make multiple streams of income online? I continued my search for the missing pieces of the MSI puzzle that would put it altogether; With the many product offers that promises you the world if you would try this program, and use it with this technique, and you'll surely be on your way to riches.
After several years of online seeking, I can now say I've been to the mountain top of internet marketing offers, and what I have come down with is this; there are many claims being made about multiple streams of income online that you can use right now in your marketing campaign to a steady flow of extra income. I found this unique website with multiple streams of income you can get from Google, Ebay, Clickbank, CJ; etc. All from one cool little website. I have studied the likes of Tim Knoxs, Brad Callen, Mike Falsaime; etc, and a host of other top online experts in this field of multiple streams of income and their proven systems, and what I have found will surprise you.
Don believes that less than 5% of the marketers are making it online, and 95% of the programs online are a waste of money. There are no more secrets, just the facts. If you are focus you'll learn one of many proven marketing tools [...]
Not a good starter.......2007-03-15
Save your money if you are a novice with PC's / cyber space.
how to mass spam and talk about yourself!.......2007-02-23
Reading this was an ENORMOUS waste of my time. Half way through the book, I realized that I didn't know anymore about making money online than I had before. All Allen does throughout this book is talk about how great he is and how he did this, that and the other thing. He talks about all these so called wonderful marketing strategies, when really all he's doing is promoting spam. I'm not even ON his mailing list and I'm getting [...] from him in my inbox. It's disgraceful. I do not recommend you waste your money on this book.
Book Description
Join self-made millionaires Peter Conti and David Finkel as they show you how to create multiple streams of income buying homes in nice areas with nothing down.
These are the same two men who led a small group of investors to San Diego, California and locked up over $1.5 million worth of real estate with only $37 down! Now for the first time ever you can learn the inside secrets of exactly how they did it--and how you can too.
You learn:
How to buy homes in nice areas with nothing down.
7 fun, easy ways to earn up to an extra $100,000 this year investing in real estate.
How you can build a million dollar net worth in 5 years or less.
How to win the money game and earn a six-figure income investing from your home.
This book will share with you over 25 ways to find motivated sellers (including specific phone scripts and marketing materials you can use right away.) You'll learn the step by step negotiating system called the Instant Offer System that has made the authors two of the most famous real estate investor trainers of the past decade. And you'll learn how to sell your properties the fastest, easiest way possible. All this and more...
Customer Reviews:
I live in Las Vegas & This book works! .......2006-05-13
I have read some of the prior reviews. I don't know where some of the reviewers live but in Vegas, these numbers are in line and they work for me daily! While the concepts may not be new to some, they have helped me make alot of $$$ without using my money or credit. There could have been some instances highlighted to let the investor know what to do if your renter does not pay and leaves you with the payment or damages but that is why you don't spend your up front deposits from the renter. You may need it. Screening your renters is the best way to narrow your renter pool to the right candidate. I also work in the mortgage world so I usually have access to their credit prior to them renting. nothing is a surefire thing, but if you want to make big money for basically being the middle man in a well paying puzzle then I would recommend this book. after you read it, all you need is the correct forms and a solid team. By the way, I downloaded this book for free from the authors site which makes it even better. FREE EDUCATION!!! Good luck and remember, you won't get anything worth while if you don't work hard. This falls into that category. Only You can stop you. Money isn't everything but it makes life easier to deal with when you have more of it.
Good Book.......2005-09-01
I like the book. It has the one thing newbes need the most, scripts, scripts, and more scripts. It written simply and has a good feel to it. Plus the price is right
GREAT BOOK!.......2005-05-03
This is a great book with great information! The author gives you enough information to make the program work without having to make any additional purchases. The book was very easy and quick to read. I would definitely recommend this book to experienced investors as well as to those who are new to the world of real estate investing.
Easy, non-nonsense investing.......2005-04-30
This book offers details on finding motivated sellers, finding tenant buyers, plus case studies with hundreds of tips on how to be an investor. As a volunteer for many different non-profit organizations it is important for me to give back. I love the fact that Peter and David promote helping others as you become wealthy in your investing.
This book got me started!.......2005-04-14
I decided during my senior year in college that I wanted to start investing in real estate. After about a year of investigating and reading about real estate I still hadn't been able to purchase any properties.
Finally I read this book by Peter and David and it actually had step-by-step instructions I could follow and that I felt were a good match with my un-bold personality.
Two years and a half years later I have done 9 deals. I cashed out of one and one was a flip.
If you're looking to get started in real estate, I give this book my highest recommendation.
Emily
Book Description
The material in these pages represent the 'way out' for coaches who are currently struggling to make the traditional 1-on-1 coaching model work. Inside, you will find straight talk about the Multiple Streams Product Funnel and over a dozen ways you can make money while creating breakthroughs for clients. All using expertise and experience you already have, in a way that aligns with your unique gifts.
No matter how many 1-on-1 clients you coach, spending life on the phone with appointment after appointment is no way to build a lasting legacy, not to mention your life as a coach! So stop trading your time for money and create Multiple Streams of Coaching Income instead.
There are people in the world who can only hear the message they need most, from you. How long will you keep them waiting?
Customer Reviews:
Great Ideas for a Bigger Game.......2007-07-30
Andrea has compiled a lot of great ideas for coaches and other entrepreneurs to capitalize on what they know, based on a myriad of new ways to generate income and create passive income. At the heart of her writing is the idea that we don't need to limit ourselves by earning income solely based on billable hours...and the fact that we can package and re-package our information, processes, and expertise in many different ways for many different audiences. I also appreciated the notion that we can take a "coaching approach" when teaching our content no matter what media we select.
Although I appreciate the benefit of Andrea's ideas and inspiration, I did not like the layout of the book. For example, I didn't like her over-use of one- and two-sentence paragraphs, subpar highly pixelated graphics, and the "thrown together" look and feel of the book. In contrast, the content was fairly well organized and the book was a quick read, which kept me engaged enough to read it from cover to cover.
This Book Is A Must Read!!.......2006-12-07
I loved this book! It was just what I needed, just when I needed it.
This book was a great wake-up call for me at a time when I was about to re-structure my business. It is too easy to get so wrapped up in your business and all you see everyday are the 'trees'. After reading this book I said "Hey look, a forest".
I have known the concept of multiple streams and the value of group coaching and I have seen the models in action. However, this book resonated with me and I found myself taking notes and journaling new ideas for products and services I will create and implement.
A 300 + page book can seem daunting when you are busy, but the tone and the style the book is written in allows you to sail through the book with ease.
If you are a Coach, you owe it to yourself to read this book!!
David Mason, Performance Development Coach
Author of Marketing Your Small Business for Big Profits
Must Have for Coaches!.......2006-11-06
This book is a must have for all Coaches. The strategies in this book will help both new and seasoned Coaches connect with new clients. The different approaches and products discussed in this book are a win-win situation for both clients and coaches. These approaches will benefit the diverse needs of coaching clients too.
Product Description
Seven Compact Discs/Bonus Disc "12 Wealth Secrets"
Using Robert G. Allens powerful, proven techniques, you can create multiple streams of income so stable and secure it can lead to a lifetime of wealth and ease.
Whether your goal is to gain extra monthly income or to escape the stress of the rat race altogether, Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth can put you on the path to prosperity, peace, and health.
You will learn:
How to plant a Money Tree for a lifetime of recession-proof wealth.
The seven skills of highly prosperous people secrets used by the wealthy to make and guard their fortunes.
The gold mines waiting to be discovered in the Internet, real estate, compound interest, and Robert Allens own Nothing Down strategies.
How to eliminate anxiety about making money and becoming wealthy.
How to manage as many as six streams of income in as little as one hour a day freeing you to enjoy your financial success.
Book Description
A surefire plan for supplementing your income-or making a fortune-on the Internet
In Multiple Streams of Internet Income, Robert Allen, bestselling author of the #1 megahits Nothing Down and Creating Wealth, offers six surefire methods for making serious money online-even if youre a computer novice. Allen offers step-by-step plans for earning Internet riches, based on the timeless principles of marketing you must learn to increase the odds of your success. He also provides strategies, techniques, and visual tools for achieving the life you dream about. Learn how to:
- Earn profits in just one hour-starting from scratch
- Double your current "offline" business by going online
- Launch an Internet business in hours-not days or weeks
- Set up six robust streams of Internet income that flow 24/7/365
- Deliver your marketing message to consumers faster, cheaper, and easier
- Operate your business from any telephone in the world
- Drive traffic to your site and get people to beg for your products
- Turn junk into cash with auctions
- Make advertising pay for you
- And much, much more
"If ever the world needed some help to succeed on the Internet, this is the moment. Robert Allens new book is just in time to save the day." âJack Trout, President, Trout & Partners, Ltd., and author of Differentiate or Die
"Robert Allen has done it again! Multiple Streams of Internet Income is an exciting look into the many creative things you can do with your money in todays new economy. I cant wait to use its wisdom!" âKen Blanchard, coauthor of The One Minute Manager® and Big Bucks!®
Customer Reviews:
Save your money........2007-07-20
I didn't feel I learned anything new and it wasn't worth the time to read.
Not so much.......2007-06-07
Want to know his secret for making $24,000 in 24 hours? First you need to create a website and get thousands of people to sign up for your free newsletter. (He sort of glosses over exactly how he did that). Then wait a year or two to get your subscribers to trust you. Then send out an email selling something to your subscribers and sit back while watching the money flow in. It's as "easy" as that!
I thought his "Multiple Streams of Income" was a pretty good book. Good enough that I actually used some of his ideas in that book a few years back and still have some income streams from them. But this book was practically worthless. The ideas are outdated, the marketing strategies were obvious, and there was no real value from reading it.
If you really want to see what this book is about, check it out from the library and save your money on something else.
Multiple Streams of Internet Income-Great Read!.......2006-06-05
Mr. Allen does it again! He share's a step-by-step plans for earning an income thru the Internet based on the solid principles of marketing I and my parnters have used for our site www.selfdefenseeducation.com
There is some of the sections that I was already doing , but it still was a great review!
It was worth it!
Devin Willis
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!!!
Brainstorming ideas anyone can use to build their internet business.......2006-02-18
Robert provides several ways to produce internet income. The chapter on driving traffic to your site proved to be very helpful. Just the idea of the possibility of making money while you are sleeping is mind-blowing. Pick out one or two of his ideas and run with them. Take Action!
Book Description
Are You One Of The Millions Of People Struggling With These Common Obstacles: - Finding a job in your field of expertise. that is secure from corporate downsizing. - Supporting your family while raising your own kids. rather than farming them out to daycare. - Working 2 jobs. just to provide your family with the basic comforts. - Working part-time to supplement your social security checks. rather than enjoying your retirement. If so, then "Internet Profits In Your PJs: 36 Secrets To Creating Multiple Income Streams.On Autopilot" will provide you with a complete step-by-step blueprint for breaking through the obstacles that hold you back from living the life you want. In "Internet Profits In Your PJs," a former daycare mom shares exactly how she went from holding her bank account open with pennies between paychecks to earning 5-figures a month.working part-time from home on the internet. If you want to enjoy more time with your family and friends, working part-time in the comfort of your own home, and earning more by working less, then you need to: 1. Read "Internet Profits In Your PJs: 36 Steps To Creating Multiple Income Streams From Home.On Autopilot" 2. Apply the strategies author Holly Cotter shares with you. And enjoy your new life.free from all financial worries and stress.
Customer Reviews:
Great business model to working the internet!.......2007-05-06
Holly really helps put it all together in this book. I've known what should work together, how to do parts of it, but this book is leading me closer to what brings it all together. Wow! I am really excited about the internet again. If you're like me, you go through cycles like, well I'll do that next week or well, if I only knew more about this subject, if I only knew where to find the resources to make it all work, and on and on. This book teaches you what you need to know to make it work and shows you where to find the resources to put the package together. Thanks Holly, God is really working in you to get this information out there to help us make that 'next step'!
Great resource for potential business-minded people.......2006-11-05
I found this book to be a great tool for exploring other options to start a business.
Book Description
The Income Stream is written and designed to help you know how to select and evaluate good real estate investments. It is presented in a serious, yet simple no-nonsense, easy to grasp manner. It will give you a beginning understanding of the techniques of investment evaluation used by the pros.
This is not a real estate technical manual filled with elaborate theories and formulas. This is not a book on "How to Get Rich in Real Estate". Rather, it will help you to understand the analysis process. The "Get Rich in Real Estate" part will take care of itself.
The Income Stream takes you beyond the 'thumb-rules' and 'quick-multipliers' to the solid techniques used today by successful real estate investors. After giving you a clear, concise understanding of the valuation process, it teaches you; (1) how to find a good potential investment, (2) how to understand and uncover its real yields and (3) how to value them. It will also give you a broad understanding of how to deal with risk.
The Income Stream will prepare you to enter, with a giant leap forward, the world of real estate investing. Enjoyed previously by only the few, you may have this advantage if you will take the time to know. Thanks to the computer and modern techniques, this process has become relatively easy.
The Income Stream will also help you to develop your philosophy of investing and give you a foundation of understanding that will help you in all phases of your financial activity.
Customer Reviews:
Good book for a beginner.......2007-06-25
Good book with very precise instructions to evaluate a real estate investment property. And to estimate a potential growth of a real estate property.
Don't believe the 1-star reviews!.......2004-08-23
Don't believe what Ryan Rayner and Rachel Quin wrote in Nov. 2002. They are the same person and the only reviewers to rank the book one star. (Funny how they wrote exactly the same things on the same day, huh? I wish Amazon would make a better effort to catch these kinds of frauds before posting them.) And check out the other reviews Rachel Quin has done: Star Wars games and a book on Java programming. Hardly the views of a Real Estate Professional. They can "go sell crazy someplace else."
Yes, The Income Stream is a thin book. Yes, the type is large. But it's what it SAYS that's important. This is a book about real estate ACCOUNTING, a complex subject. It's not a "no money down" or "get rich quick" guide.
The main purpose of the book to show you how to use the forms used by Certificated Commercial Investment Members (CCIM) of the National Assn. of Realtors. The CCIM designation is the "doctorate" degree of investment real estate. One of the most important values they compute on an investment is the Internal Rate of Return. IRR is the only variable that gives you an easy-to-use percentage that you can use to compare a real estate investment with non-real estate investments. It combines the analysis of appreciation, tax effects, and cash flow into one number. It's a very useful figure understood by only the cream of the crop of real estate professionals.
If you buy the book, be sure to download the spreadsheets authored by Gary Tharp, CCIM, which are replicas of those used by Gordon in the book. (...)
If you're looking for a book on real estate investment, this isn't it. But if you want to know what MAKES a good investment financially, this is one of the few.
--Apartment Broker
Goodman put nothing into it!.......2002-11-25
Goodman's secret to having an income stream is to write flimsy, useless books. After 38 years in the industry you would think he would spend more than an afternoon rehashing common knowledge.
Large print, double spaced lines with common sense advice that you would know without reading the book left me angry.
Goodman put nothing into it!.......2002-11-25
Goodman's secret to having an income stream is to write flimsy, useless books. After 38 years in the industry you would think he would spend more than an afternoon rehashing common knowledge.
Large print, double spaced lines with common sense advice that you would know without reading the book left me angry.
Real analysis, real answers.......2002-06-09
This book addresses the 4 yields or "tributaries" to the Income Stream: Cash yield, tax shelter yield, equity build-up yield, and appreciation yield. After explaining and discussing each of these yields in depth, the author combines them into one figure: Internal Rate of Return (IRR). This is the magic number that all investors must look at before making any investment decisions. The problem is, without looking at the 4 yields that comprise IRR, you will never find it.
There are 3 important worksheets that are provided and used to gather all of the data needed to derive the 4 yields: Annual Property Operating Data (APOD), Cash Flow Analysis Worksheet (CFAW), and Alternative Cash Sales Worksheet (ACSW). Goodman explains all of the sheets and how to use them.
This is the science of evaluating real estate with hard data. Once the data is gathered, you can make the most informed decision possible. It also leaves no room for surprises: if an investment isn't good, it will be very apparent. The math used is relatively simple, so anyone can comprehend this treatment of the topic.
The techniques can't be argued with. I wonder how many real estate investors actually do this kind of analysis. I know it's the ONLY way I would invest in real estate: real analysis, real answers.
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