( 6 reviews )
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Posted: Jul 20 2008
Material doesn't really apply anymore but at the time it was purchased the book was educational.
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( 9 of 11 found this review helpful ) Posted: Jan 1 2007
I have reviewed many real estate books and unfortunately this is not one of the best. The book reads almost like a dictionary in that it defines concepts more than actually how to use them. I would argue that most of the information contained in the book could be found on the web. In addition, I find it hard to justify purchasing real estate for investment using alternative financing. While I like alternative financing strategies, if a deal does not work out using conventional financing, then you have to be extra careful that you are not overleveraging or being too optimistic with your projections.
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( 12 of 12 found this review helpful ) Posted: Jul 9 2006
Pretty good book. A few new ideas that I haven't heard of before. However, still a little hard for the "common man" to accomplish most of their ideas. This book, along with the other 8 that I own, still defaults back to the basics, and that is, "It takes money to make money". Most of these books will tell us that it is possible to make money with little liquid assets in the bank, but from my experience I have found otherwise. It seems that it takes very good credit, Beacon of 700+, and/or enough liquid assets to back your current purchase (I.e. $20,000 in the bank AFTER closing on a $150-200k property if your Beacon score is between 660-695). I still enjoy reading these books for the ideas and how they think outside the box, thus making us do the same thing while reading their books. I feel it is worth the purchase since he doesn't seem to repeat the same story-lines as all other books. However, this book still isn't the miracle maker and giving you a breakthrough idea that will take your business to the next level. I am still in search of the Real-estate business book that will give me some ideas of how I can get my real-estate business to the next level. I currently own 9 units. So, if you have any ideas, please email them to me at MrNova70@yahoo.com and mark the email header as "Your Amazon review" just so I don't mark your email as spam without reading it. Thank you for your time. Good luck with your adventure!
