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Buy & Rent Foreclosures: 3 Million Net Worth, 22,000 Net Per Month, In 7 Years…You can too!
In 2005 Joe was 61 years old, without a job or pension, with Social Security still five years away. He needed steady monthly income NOW! Cash flow was the priority. He searched for a real opportunity, not a get-other-people-rich charade. Almost by chance, he bought a rental house…easily the best decision he ever made. Seven years & 62 houses later, he makes ,000 a month & has million in equity. This book is the short version of what he learned & exactly how he did it. Hard to
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You will learn much from this book,
I read the kindle version. This book is well written, to the point, and full of good information and advice. No hype — no get rich quick systems — just good, sound, rational real estate advice gained from years of personal experience. The author is not afraid to share his mistakes and the lessons he learned from them. This is not one of those “fluffy” books … it’s got real substance. It also speaks to our current, difficult and challenging, real estate environment, unlike most of the other flip or rent books that were written in the boom years. I can’t think of a good reason why you wouldn’t read this book if you’re interested in investing in properties for rentals.
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|Nothing wrong with adding to your library of real estate books,
I purchased the Kindle version to take with me on my cruise, and I was able to read the book quickly and follow the ideas. It was great to see the author reference many of the same books I had read about real estate, and it was great to see that he made many of the same mistakes I made, and thankfully more.
I wanted to see more about the qualifications on how the author determines who can afford a property. After all, rent IS the most important expense for the tenant, but if the property is $1275, as referenced by one of his properties, all good landlords know that the tenant needs to make at least 3-4x the rent amount to have money for food, utilities and other debts they bring to the property. Perhaps this was an assumed fact, but when dealing with thousands of dollars and possible larger losses, nothing should be left to assume.
It would also be great to see updated information about what the author has experienced so far in 2012, and with HUD, since our local HUD office has said the program is out of funds and if we asked for an increase in rent of the author’s suggested 2.5%, the local HUD office says, you will not be having one of our tenants. It would be nice to see updates to the book to reflect the current HUD tenant systems. But a good book for adding to your Real Estate Library!
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|He Did It!,
Neilson’s handbook on “making the real estate market work for you” is timely, thorough, and best of all– easily readable. Neilson writes what could have been a technical tome, but instead is fast-paced and flows much as if he were talking to you.
Chapter Six, while focusing on implementing your business plan to buy and rent real estate, immediately draws you into the core premise of Neilson’s business plan– purchasing and renting homes that are located in a good school district. By fulfilling this primary requirement, the market becomes a given and the plan’s likelihood of success, surprisingly high. Neilson shows how each of your decisions as a real estate business planner can build toward success.
Neilson provides a thorough exposition of the topic and references to additional readings, all qualified by real experience and savvy interpersonal skills, honed from his realization that by setting and keeping standards, he could work for himself and make himself rich. He did it!
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