( 8 reviews )
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Posted: Feb 22 2009
Having seen Steve Dexter speak at our Real Estate Club meeting, I liked the information he shared with us. In the book he adds to the knowledge I already have gained in real estate for the last 22 years. It's never too late to keep on learning. His information will help my clients best of all.
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Posted: Jan 2 2009
While perhaps aimed at newer investors, this book also provides useful information for experienced investors. I particularly liked the section describing "rate sheets". Rate sheets are what lenders, like the author, use to set the interest rate that borrowers receive for their home loans. The more risk factors that a borrower has, the more points they have to pay, and ultimately the higher the interest rate. The author has a table with a column of all the risk factors that are considered, and a column of the points each risk factor will cost you. A few examples: credit score below 620% = 0.5 points non-owner occupied with 75-80% down = 2.0 points loan amount loan amount manufactured home = 0.5 points. The whole process is explained in a very understandable way. The author writes in a way that is very accessible to the reader. He allows the reader to understand the process behind a loan, and describes how to improve one's chances of getting the best loan for his needs. I liked his advice to hold free and clear properties, and for rapidly paying down loans with appreciated equity and not after-tax income. The author provides a long list of useful web addresses in the Appendix that I found quite helpful. This is a book well worth reading.
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Posted: Nov 22 2007
This book does a wonderful job of explaining loans to the novice real estate investor. One of the most mystifying things in the real estate investment game is the subject of debt. The author breaks this topic down and demonstrates how when skillfully used, debt can create extreme wealth.
