A**2
Higher risk investing with mortgages and using other people's money
I thought this book was well written. The author gives you a step-by-step guide on how to start a real estate rental business. The basic method is to go buy a house with little money down (about 20%) and take out a mortgage. Then offset all the expenses with the rental income. The author aims to hit about $250-$350 /mo in net income for every $100k invested in a property. After your first year, then he wants you to repeat the process and buy more homes on mortgages.Personally, I think this is a very risky method of investing because you are dealing with large mortgages and you have a lot of expenses to deal with. I found his math and arguments on return on investments (ROIs) to be creative. He likes to say you make more money with little money down vs paying for a home all in cash. He basically does not see the mortgages as an immediate loss and uses hypothetical situations to enhance returns.I believe you could be successful with this method of investing but it would be best suited to an individual with a very stable and high income job. For example, someone employed by the government, successful business person with cash to spend, or a professional who can handle large mortgages and high expenses. If you have no money or your job situation is unstable, I would not attempt these methods of investing. Although he argues you can quit your day job, I would say keep your job so you can make it through several bad months. Just be careful and use common sense when you are dealing with debt. It's a good book and worth the experience reading.
C**E
No real valuable information
Reading this book is like going to one of those free real estate seminars thinking you’ll learn what you need. It doesn’t really offer any valuable information, but rather is intended to get you motivated and sends you on a quest to read other books.
A**3
Not worth the money..
This book provides fair information but the author uses 175 pages to convey information that could have been provided in 10. There are entire paragraphs that he recycles throughout the book; there is no way this would have made it through a publishing house.
D**T
Great read for anyone.
I’m a new real estate investor with a love for properties. This book really does she’d some light on key aspects of investing in rental propeties to eventually no longer have to answer to a day job. Check this book out it will change your views on real estate!
N**V
Informative
I learned a lot from this book and although there is much more I need to learn before going out to purchase my first real estate investment property this book gave me a nice framework to the necessary steps. I will soon be on my way to making my first trsnsaction.
R**R
I just want to say is an excellent reading book and I learned a lot from it ...
I just want to say is an excellent reading book and I learned a lot from it go buy one
M**U
Four Stars
A easy to follow, fun to read real estate investment book.
T**R
Essential Information
Vital information. Totally changed my way of thinking.
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