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Very comprehensive. Explains many basic, important principles to real estate investing that are applicable to all types of investors getting a start. I highly recommend this to anyone looking into real estate investing at all. Very easy to read and interesting.
Main Thing I Want to Remember:The Deal of the Decade comes along about once a week. "Of course, the more good deals you see, the more you will believe they exist. If you are just beginning and not yet a believer, then the only way out of this impasse is to start looking, and keep looking. You will be amazed at what you will find." (152)Highlights:- Pg xv - The author has never had a job.- Pg xvii - Things the rich have in common: "First, almost without exception, the rich had integrity. Their wo...
The book was a little repetitive. Dolf de Roos has a writing style that I don't much care for. He uses exclamation points like they are going out of style and he seems pretty egotistical in his writing. This might be a good starter book for those who haven't read much on passive income through real estate, however, I only found 2 or 3 chapter helpful. There are many other Robert Kiyosaki books that do a better and more informative job. I'll probably give 1 more of Dolf De Roos' books a chance to...
This was good information about 5 years ago. Now in 2009, the economy is a mess and banks are going out of business right and left. It's much, much harder to use these techniques to buy an investment property with 'no money down'. Don't get me wrong, if you are creative enough you can make things happen but you just can't walk into the bank and walk out with a pile of money any longer. Darn, I miss the good ole days.
I read this book when it was first released, around 15 years ago, and thought it was brilliant. I have read many property books since then but this remains the most helpful. I used the principles to buy a small collection of rental property which hasn't made me rich but has definitely helped my retirement fund. This is the first time I've reread this book and I think it still stands as a great primer for people who are interested in real estate investment. Highly recommended.
Learned about investing with leverage, how to look for deals and increase the value of your properties. Residential versus Commercial Real Estate. Seriously good book that not only sets you up with basic real estate investing theory but also actions steps and things you should look for.
A great book on basic real estate investing. I used it before buying my second office and it was helpful.
Typical first Part. Really estate is great because of Leverage. With, for example, $100,000 you can buy more $200,000-however much of real estate. With other investments, like stocks, you can only have purchase and receive the amount you paid for (p.5)You can buy RE property that is below is actual value. (p.7)You can increase the value of real estate through forced appreciation (rehab) (p.11)On a commercial properties you can increase the value by finding a tenant for a vacant space, by agreein...
MY BANK WILL NOT GIVE ME A LOAN TO BUY A NEW HOUSE BECAUSE MY OLD ONE BURNT DOWN AFTER I RED A BOOK FROM THIS WEBSITE SO I DONT KNOW WHAT TO DO ANYMORE PLEASE HELP ME CAN SOMEONE PLEASE EMAIL ME WITH INSTRUCTIONS ON HOW TO GET A NEW HOUSE I ONLY HAVE A DOWN PAYMENT OF $$300 BECAUSE MY JOB WILL NOT GIVE ME AN ADVANCED TO PAY FOR ANYTHING I HAVE TO EAT BROCCOOLI THAT I PULLED OUT OF MY NEIRHGBOR'S GARDEN IN ORDER TO SURVIVE AND THAT IS NOT FAIR AND NO ONE WILL LISTEN TO ME WHEN I ASK FOR DONATIONS...
This book covers some details retail and rental estate investments. It has some useful tips on how to find deals in any market. However, if you're looking to learn how to valuate a property based on numbers not much guidance us given in those terms. A "good-to-know" guide book to real estate.
Since it was one of my first introductions to real estate investing, I think it made me excited about the field itself. However the returns in the book are based on 15-20 years ago and no longer reflect the current saturated market. This book isn’t the first one I would pick up as there is a lot of good current material.
Not super helpful with tips, just explains the benefits of REI.
Am just beginning to but it more with useful information....
Great mind set book with one nice practical piece of advice. 100:10:3:1 rule, repeat.
Dr. DeRoos lays out why he believes real estate to be the best game in town. He gives you a clear sense of the prionciples involved in this game.While I'm not in love with the fact that this book is an entre into other work by him and services he offers, I can see how he really has no choice if he wants to keep this work to a manageable primer. In that sense, he does succeeed and He does gain one's trust so much so that if you are interested, you could probably do worse than follow up with him.
Some good things in this book, but I read one of Kiyosaki's other books about real estate investing and much of the important stuff was already mentioned in that other book. This was a repeat. I was stoked about reading it and its a great starter read.
Again, I am against using a bank's money to make money unless the investor has an invested interest (i.e. 20% or more cash down). A lot of positive cash flow situations require an initial investment. I just wish this book would have emphasized this fact more.
Yet another book cashing in on the real estate bubble. Dolf De Roos is another one of the motley cast of opportunists and scam merchants who jumped on the property speculation bandwagon and helped to fuel the boom of the late 90s and early 2000s.Nothing to see here. Move along.
This book really has practical strategies. I followed every step and I saw great benefits in just a short period. The book is really good for people who have no idea how to make the best out of the money they have and also the people who are interested in real estate!
Interesting, but not sure if relevant post-2008 and with the new technology. I would love to read an updated version that takes into account the more conservative lending practices and decreased information gap brought on by Zillow, etc.
Definitely whets the appetite a bit, but definitely not everything I want to know/ what I am looking for. I am glad he gives his direct opinions on particular/specific things instead of trying to give broad tips on real estate investing.
Extremely practical, very, very precise advice about the benefits getting into the real estate market, and a chance to learn from the mistakes of others to avoid making your own.
Nice book to learn about property investment
Entertaining, enlightening and motivating. But I know not everyone views property investment so positively, so I need to read something from the other point of view.
I think anything by Robert K. in the Rich Dad, Poor Dad series is garbage. Super vague and fluffy, very little useful information.
OPM.. tricky subject when you know borrowing isn't the best way
Great ideas for real estate investment.
i wanted to read the book
Whilst it may be showing a bit of its age it still has some great points that I hope to make use of in the future.
Quick, informative read. My chief concern is the relevancy after the US real estate crash in 2008.