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Real Estate Riches: How to Become Rich Using Your Banker's Money

Real Estate Riches: How to Become Rich Using Your Banker's Money

List Price: $17.95
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Product Info Reviews

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Rating: 4 stars
Summary: Helpful book
Review: I found this book to be helpful. I have 3 rental properties and am looking into getting more. De Roos' book helps you understand the factors that make for a better rate of return on your real estate investments. I've read a lot of real estate books, this one is pragmatic. I am now considering investing in commercial property. This book addresses going from residential to commercial real estate. DeRoos is a little too bold though when it comes to over-leveraging property. But it's good to see his perspective on mortgages, etc.

Rating: 1 stars
Summary: Milking Kiyosaki's success
Review: I bought this book because I love the Rich Dad book series and found them motivating and enlightening. I expected this book to be of the same quality but it's nowhere close to it.
The major problems I have with this book are:
1. Very thin material and information on the subject at hand.
There is zero information on how investors can benefit from performing real estate transactions and property management. Dr. de Roos spent the entire book arguing about how profitable real estate investing can be with large leverage ratio. People who buy this book need no convincing. I buy this book already interested in property investing and wanting to know how to do it. There is no "how-to" information whatsoever explained here.

2. All arguments are common sense that a 6th grader can figure out. I don't learn anything new or informative.

3. The language tone of the book is not professional, constantly uses excessive words (very, extremely, lots of !! etc.) and exaggerates scenarios. Sounds more like a used car salesman than an experienced professional.

He is just milking Kiyosaki's success with another book of the Rich Dad's series. Kiyosaki had better be careful with garbage marketing bombardment. Quality control is not there.

Rating: 1 stars
Summary: idiots guide to loosing money
Review: House prices only go up, so it's ok to buy houses with
10% down and let the tenants pay for your mortgage.
If this sounds like a business plan to you i suggest
you recalibrate your calculator. Before anybody starts implememting the ideas in this book, I strongly recommend to stop by at REI and buy a tent, so they have a place to stay after the next correction in the housing market.

Rating: 3 stars
Summary: Good on concepts, but light on details.
Review: Since this book is in the Rich Dad series, you have to expect that it's going to recommend that you buy assets that produce income. This book has some really good concepts about investing in income producing Real Estate. But it's really light on details, and I suggest that you keep you HP 10B calculator handy, because some of the mortgage payments he talks about in the book only seem to work out if the payment is interest-only. A good companion book to this one would be the book by Robert Shemin, "Secrets of a Miliionaire Real Estate Investor". Overall it's a good read, I give it 3 stars.

Rating: 2 stars
Summary: No Comparison!
Review: I reviewed this book earlier, and now just want to add this comment: If you really want a thorough comparison of stocks to real estate, you must read Eldred's Value Investing in Real Estate. Eldred succeeds with specifics of why and how. In stark contrast, Real Estate Riches merely throws out glib generalities.

Rating: 1 stars
Summary: Dangerous
Review: Because of the current real-estate boom in many parts of the US, many individuals believe this sector of the economy to be a "can't lose" opportunity. The emphasis is now on using as much leverage as possible, and cashing in on the returns.

While Kiyosaki loves it, and it is possible to make money here, real-estate traditionally has been a lousy investment. No matter how you purchase it, real-estate lacks liquidity, flexability, a predictable rate of return, and is subject to many macro-economic factors such as interest rate increases and recessions. Real estate generally appreciates at the rate of inflation (4-5%). You can do better in muni-bonds without any taxes at all!

please!

Rating: 1 stars
Summary: not very helpful
Review: The book was not very helpful. I expected more specific information. Author did not touch specifics to American realestate investors investing in America. Many other better books out there. I would not even want to sell mine used to a beginner.

Rating: 1 stars
Summary: DON'T BUY THIS ...
Review: This was a complete waste of my money. I can't find anything positive to say, except that the author should be complimented for milking the "Rich Dad/Poor Dad" hype to his advantage. For me, this put the entire "Rich Dad Advisors Series" in question. Sadly, if I had spent even 2 minutes flipping through the book in the store, I could have saved my money. Absolutely worthless.

Rating: 5 stars
Summary: Great Book for beginners
Review: I have recently bought a house and if I have ever read this book earlier I would have bought more.

It has explainations on how to look at loan with optimism which alot of financial books didn't.

A great book for people who are about to own a house or currently servicing a loan.

mike

Rating: 4 stars
Summary: Good for motivation, light on details...
Review: I just got through with this book and found it a pretty good read from a "here's why you should be in real estate" point of view, but if you are looking for a "how-to" book then keep looking. If you are looking for an long term sure-fire way to become wealthy I believe real estate is the way (it's working for me!). Remember: Real Estate + Time = Wealth.

My two favorite books so far with a lot more "how to" stuff are:

Rental Houses for the Successful Small Investor by Suzanne Thomas
&
Investing in Real Estate by Andrew McLean and Gary Eldred.


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