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Making Big Money Investing in Real Estate: Without Tenants, Banks, or Rehab Projects

Making Big Money Investing in Real Estate: Without Tenants, Banks, or Rehab Projects

List Price: $18.95
Your Price: $12.89
Product Info Reviews

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Rating: 1 stars
Summary: Shameless Self Promotion
Review: From multiple emails that I have received and which have also been sent by the author to countless novice real estate investors, the author is shamelessly trying to pump this book to the top of Amazon.com's best seller list. Honestly, there is nothing new in the book and you have to ask yourself if there are so many millions of dollars in real estate, why is this guy taking time and working so hard on promotion to tell you how to do it? Save your money and check the Net for free advice.

Rating: 5 stars
Summary: THIS WOKED FOR ME!
Review: This is the second book I have read form Peter and David, and I can tell you that I am NOW a full time investor and that I have David and Peter to thank for the 1.5 Million Dollars in property that I have secured in just 7 months using the methods discribed in thier new book.
The new book has reinforced all the wonderful methods that any investor needs to make no money down deals. I do not understand why anyone would invest in Real Estate without reading this book first... Oh Well, more deals for me!!
Thanks Peter and David!!
GENE

Rating: 1 stars
Summary: Are these testimonials true?
Review: I have a real estate license and I must say the techniques used in this book seem unrealistic. In my opinion I'd say save your money. I read the other reviewers and bought the book because it was reviewed so highly. if you buy it, remember amazon.com has a great return policy. Don't allow authors to write garbage and get paid for it, but that's just my opinion.

Rating: 5 stars
Summary: Wake up call for the clueless in RE investing
Review: There are a ton of books on Real Estate investing out there and I read a lot of them. Peter and David written a real world Mini-manual on making money in a multi-guru Real Estate info fest. This Book will give you clear insight to investing without all the risk and headaches most people will think goes with business. Don't think..BUY IT..READ IT!

Rating: 4 stars
Summary: great examples!
Review: I loved this book so much I read it twice. The different techniques and real life, real people examples, their fears and down falls and how they over came them is what I believe makes this book so worthwhile to read.

Rating: 5 stars
Summary: One of The Best Books Available On The Subject
Review: After reading numerous books on real estate investing during the past year, this book, and their first book, are the most detailed books I have ever read. Many books give you the basics and try to upsell you to spend additional $ or more to learn the actual techniques. These 2 books give you all the detail you need to actually feel confident in beginning a successful real estate career.

After reading and studying the dialogues with potential buyers and sellers, I finally feel confident enough to begin my new career in real estate investing.

Rating: 5 stars
Summary: They did it again!
Review: I've already read David and Peter's first book called "Multiple Streams of Income" and I also couldn't put it down at all. I finished it within two days which is really a record for me!
Anyway, the techniques and ideas are priceless, they will have you thinking faster and harder about taking control of your future and getting into this type of realestate investing. They share a lot of details on how this works and they tell it like a story from the beginning to the end. Don't get me wrong, you cant just read the book and run out there, you probably need to get legal advice, forms and learn how to fill them out but the book really gets you up to that point. I'm going to put these ideas into practice and I have no doubt about my success. Like they said "It's not that things are difficult that we don't dare do them, it's because we don't dare that they become difficult" or something like that!
I loved their first book and I love this one! Thanks David and Peter for sharing all your knowledge and best wishes for success.

Rating: 4 stars
Summary: Couldn't Put It Down
Review: I bought this book at a book store the day it was released (purely by chance), and by the next day had finished reading it. The authors use a very readable style, combining lots of good information with just enough "fluff" to make it flow along nicely.

I am planning to get started in real estate investing within the next 12 months, and I am devouring just about every good book on the subject I can get my hands on. I have read more than a few diverse books on real estate investing, which have provided me with a solid fundamental background of the concepts involved. However, Conti & Finkel's books are the only ones I have come across which provide any significant level of detail into the advatages and mechanics of "purchase option investing."

The objective of this technique is to lease a property with the option to buy it from a motivated seller (one who has moved and is paying double rent or who is facing forclosure, etc.) and turn around and lease it (again with an option ot buy) to an eager tenant-buyer for an upfront option payment, a larger monthly lease, and greater option purchase price. The key is to structure the buy contract to be contingent upon finding an acceptable sell match, guaranteeing that the property will create a positive cash flow from the start, with little or no up-front money outlay.

As I alluded to above, I have not personally tried this technique (yet), however, I found the concept to be interesting to say the least. Throughout the book, Conti & Finkel suggest consulting with quality advisors, such as a real estate attorney, who should be able to provide some good input concerning the viability of this strategy and help you draft the necessary legal documents for your area and strategy.

Although they don't include the full text of the contracts they use, there is plenty of discussion of the necessary clauses, which should be sufficient to ensure the documents you draw up with the assistance of your attorney will be adequate. The book is chock full of examples and experiences that review both the good moves and mistakes that Conti, Finkel, and their students have made throught the years.

Readers of Robert Kiyosaki's books on financial freedom (Rich Dad, Poor Dad, et. al.) will recognize a familiar tone in Conti & Finkel's work. This book compliments Kiyosaki's quite nicely, and fans of that series should appreciate it. (And those who detest Kiyosaki's works may likewise hate it!) In fact, I would recommend this book ahead of Kiyosaki's Rich Dad's Advisors series on real estate by Dolf DeRoos, as it contains quite a few more details on just how exactly to get started and put the strategy to work, and not just a lot of theory.

About the only detractor are a few subtly-pitched advertisements for the authors' web site and seminars, but these are few and far between, and are actually quite sparse for most entrepreneurial books.

Even if you never put these techniques into practice, reading this book will broaden your knowledge base and open your mind to another aspect of real estate investing.

Rating: 5 stars
Summary: A Solid Read
Review: This book is one of those "must reads" in Creative Real Estate Investing. Lately, I've read on so many investing strategies, techniques and a handful are "fun and interesting", but this book really makes sense to me. Why would I want to be a landlord if I can reap the benefits without being one and maintain long-term profits AND low down payments, etc....I've read about lease-option, but this books talks in plain English what I need to know to get started---you will probably need more materials to move forward, if you have little or no experience in real estate. (I also read their first book, "Buying Properties in Nice homes with nothing down" immediately after reading this one, another solid book) This book talks in plain English, how to utilize different lease-option strategies and really gives a good 'step-by-step' action plan to get you buying properties. This is something you would have to put into action and try it out for yourself to see it work, opposed to just reading about it.

Rating: 4 stars
Summary: Great book - helped me acquire 13 properties in 1 year
Review: This is a great motivational book to help you get started in real estate investing. This book inspired me to get started in real estate investing and in my first year I acquired 13 properties.

However, there is still A LOT of risk. The authors make everything sound like it is very simple and I can tell you from first hand experience that it is not. The book will give you a good background of how a lease option works and how to get a homeowner to lease option their home to you.

Where the book falls short is on the fine details and the risk. For instance, the book does not give you any sample contracts. The authors instead want you to buy their CD ROM of forms which they charge a small fortune for. I found the lease option contract form I use on the Internet for about $25 and saved myself a bundle.

And now the risk. Problems you WILL face are:

1. Tenants making late rent payments. Can you afford to cover a lease payment to the homeowner if your tenant is broke and 15+ days late paying his/her rent? For each home you put under a lease option, you face the risk of your tenants being late on their rent and you having to cover the lease payments you are legally entitled to pay the homeowner.

2. Tenants who back out of their lease agreement and stop making their lease payments. It may take you 2-4 months to find a new qualified tenant, especially if it happens in winter and you live in a northern region (people don't like to move when it is cold and there is snow). Can you afford to make lease payments to the homeowner during this period?

3. Bounced rent checks from your tenants. This is a fun one. You deposit your tenant's check and then pay your lease payment to the homeowner. Then, your tenant's check bounces. Hopefully you have enough money in the bank to cover your lease payment to the homeowner or your check will bounce too.

If you want to get into real estate investment, this book is a great place to start. Just be aware that it is not nearly as easy as the authors want you to believe it is and there is a lot of risk involved. But then again, in any type of investing, there will be risk, and the rewards of real estate investing almost always outweigh the risk.

I am thankful I read this book because it gave me the motivation and confidence I needed to get started investing in real estate. And, in my first year of investing in real estate, I have made over $50,000.


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