Making Big Money Investing in Real Estate: Without Tenants, Banks, or Rehab Projects
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| Customer Reviews |
Average Rating:
Rating:  - Don't waste your time or money. This is an insult.
Yet another book written by authors with slim or no real world experience. Sure, they are master salesmen who say all the right words and assemble all the standard ideas we've all seen a hundred times before into one neat package, but they are ACTING the part of real estate investors. Sure, they've done a deal or two, but the money they've made in the real estate investment business pales in comparison to the money their books imply they've made. And don't get me started on the money they're making selling books, tapes, boot camps and mentoring services.Image is everything and believe you me, they know it. Real investors reading their books may be impressed at how well they are organized and how they include all the right forms and scripts and all that other jazz. I'll give them that much. Yes, they understand how to assemble pretty books that are highly readable. But, there are NO new ideas, certainly NO ORIGINAL IDEAS, and much of the information is recognizable as being lifted from other authors' books where those original ideas were first mentioned. The authors are excellent students of the teaching game. When they set out to write a new book, I'm betting they order every other book on the subject, take notes, make lists and outlines, and eventually assemble a book that "defines" the subject. If that's what you consider a good value, then this is a book for you. But don't you think they should be required to add something new to the mix? Heck no, just throw in a very general success story or two from students who did something similar to what they teach and voila, bestseller. Finkel and Conti have mastered the art of packaging. Do that well, include all the buzz words, pretty charts and forms, and then add a couple testimonials from past students and you will sell millions...to wannabee investors who just don't know better. Real real estate investors don't care about image or tons and tons of generalized, shop worn ideas that get dragged out every decade or so by the lastest and greatest guru on the real estate seminar circuit. Real investors want to make money in the real estate business and will gladly pay for new, cutting-edge ideas they can use to make money in their investment businesses. This book simply FAILS TO DELIVER ANYTHING NEW that will assist them in doing just that.
Rating:  - Which reviews to believe? the 30 dated on July 16, 2002??
Finished reading this book quickly and am very interested in starting a RE investing career. The Authors paint a lovely picture of financial freedom. The purchase option lease in theory sounds very inticing.
I have 3 problems:
1) They never give you the language to use in with the seller in hammering out a contract. And knowing the bare minimum about investing in real Estate I am thinking you need some VERY specific legal language in any kind of deal like this. So now, i need to go about paying a real estate lawyer a big chunk of change to write the contract for me? And this can be done overnight? Before the owner changes his mind..?
2) It could take literally months and months to find a tenant-buyer - and then what, $2,000 a month that I dont have is coming out of my pocket?
3) The big red flag here: - I had come to the review section looking for some honest feedback - And then proceed to find about 30 of the 50 reviews all posted on or about July 16, 2002.
And 90% all give 5 stars. Unfortunately Ive become more skeptical because of this.. And not many actual testimonials of people giving actual sucess stories.. Only things like "what a great book" and "the best real estate book money can buy" etc etc
Rating:  - Great Information
I highly recommend this book to anyone that is serious about investing in real estate. The information is not the standard fare that most real estate investing books provide. Peter and David share strategies that anyone can use, regardless of their economic situation and provide great case studies that prove their methods work. This book shows a much more more profitable side to investing versus the standard landlord trap or the fixer upper nightmare. If you're looking for a manual that will provide you with good, solid information, the information that you need to know to make a PROFIT in real estate investing this book is a great place to start. BUY IT, READ IT, DO IT!
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