How I Turned $1,000 into Five Million in Real Estate in My Spare Time

Rating:
Summary: THE BEST
Review: Have read over 100 Real Estate books and find this to be the best to get started and to understand the basics. It helped me many years ago when I started my book: REQE.

Rating:
Summary: THE BEST
Review: Have read over 100 Real Estate books and find this to be the best to get started and to understand the basics. It helped me many years ago when I started my book: REQE.

Rating:
Summary: THE BEST REAL ESTATE BOOK EVER WRITTEN
Review: I am a licensed realtor in a major city with 20 years of experience. In that time I have made a small hobby of reading old as well as new books on the subject of Real Estate. I don't know how this one eluded me for so long, but our paths finally crossed. This is easily the most concise and informative tome on the subject of acquiring wealth through investing in Real Eastate that I have ever read. Unlike the myriad TV hucksters who would have you believe that having No Money Down and shoddy credit is almost an advantage, Mr. Nickerson takes a reality-based approach to his subject. Starting with the want ads in his newspaper, he guides you through the entire process of purchasing an investment property. The chapters on financing are absolutely perfect. The edition I have was published in 1969, yet the information is as valid as it was when written. Certainly prices have changed, ($10,000 homes!)but that aside, this book will make you a fortune. This is one of those books that you start again as soon as you finish it. Give it a shot.

Rating:
Summary: Outstanding !!!
Review: I have read all 3 editions of this book over the last 25 years, with outstanding results ( The 1959 "How I Turned $1,000 into One Million Edition", the 1969 "How I Turned $1,000 into Three Million Edition" and the 1980 "How I Turned $1,000 into Five Million Edition ")

I strongly suggest the How I Turned $1,000 into Five Million edition if you can get your hands on one,
written well over 20 years after the original edition it's much harder to find then the previous editions but it's also most up to date and has much more information than the previous editions, well worth the the trouble trying to obtain it since Mr. Nickerson had 20+ years of extra experience in real estate which was reflected in the last edition

Mr. Nickerson was one of the few people who grew richer each year till the day he died in 2000 using the techniques he outlined in his books

Rating:
Summary: Reveals the basic formula for creating wealth in real estate
Review: I ran across this book in the early sixties, when one million was in the title, not five million. I used this book to make several million dollars for myself, and taught two friends to use the book, and they also made substantial money. It isn't magic: it simply shows you how real estate wealth is made, and shows you step by step how to do it for yourself. A young friend has just asked me to show him how to do it , and I went to Amazon to see if the book was still available, so that I could steer him to it. That's why I'm here. I am now, at age 62, a real estate developer, and the same rules still apply. The book is simple, basic, and absolutely true. By a strange cooincidence, I knew the appraiser hired by Simon & Shuster to verify that Nickerson had made five million. The appraiser told me that he believed Nickerson had understated his wealth!

Rating:
Summary: Outstanding !!!
Review: If you are starting out in residential real estate investment, this book is a must read. Nickerson presents a conservative, realistic scenario for starting small and steadliy building wealth. This is not a get-rich-quick book or one that relies on gimmicks or nothing-down strategies. It shows you stepwise how to build a solid financial foundation in real estate, and how to leverage current assets into more valuable ones. Nickerson's strategy relies on hard work and persistence, not luck, deceit, or the greater-fool theory. There's no need for an updated version of this book; it's principals and approaches to developing wealth are as timeless as compounded interest.

Rating:
Summary: Timeless Masterpiece
Review: If you are starting out in residential real estate investment, this book is a must read. Nickerson presents a conservative, realistic scenario for starting small and steadliy building wealth. This is not a get-rich-quick book or one that relies on gimmicks or nothing-down strategies. It shows you stepwise how to build a solid financial foundation in real estate, and how to leverage current assets into more valuable ones. Nickerson's strategy relies on hard work and persistence, not luck, deceit, or the greater-fool theory. There's no need for an updated version of this book; it's principals and approaches to developing wealth are as timeless as compounded interest.

Rating:
Summary: cool book!
Review: lots of information, good for starter!! cool book!

Rating:
Summary: A must for every one interested in real estate investing
Review: William Nickerson and his classic book HOW I TURNED $1,000 INTO ONE MILLION IN REAL ESTATE IN MY SPARE TIME has probably created more millionaires than any other book in investing history.

It simply is a masterpiece of common sense advice, no matter what type of investing you are contemplating

What makes Nickerson's book so good?

His writings are crammed full with practical and real guidance on real estate investing with a proven technique for making money that really works.

No get-rich-quick hype. No motivation speeches or excessive cheerleading. No nothing down promises of instant wealth or easy profits.

Just tons of genuine advice real estate investors need to hear.

Nickerson's method of making money in real estate is so common and understood people still speak about "Nickersoning" properties more than forty years after his original book was published in 1959

Nickerson's book is filled with real world advice. He offers readers the same situations they would find in their world. Sample advertisements that could have been pulled out of any newspaper. Reality based properties with defects and flaws often trying to be hidden by their owners. Brokers that try to mislead with phony price estimates and bogus numbers. This is, unfortunately, the way the real estate world really is. It isn't all peaches and cream. Most people are honest but notice I said most, not all.

Contrast this almost cynical approach with the silly advice many real estate books offer readers. Instead of shrewd and often unscrupulous owners attempting to disguise property defects to maximize profits, we meet naive and motivated sellers who will allow buyers without jobs or credit to purchase their property equity on a nothing-down basis. Or better still, even loan these buyers the broker's fee and closing costs to do so! So many real estate courses and gurus offer a world filled with dumb and hypermotivated sellers to show how their techniques would work in theory, but Nickerson prepared readers for what actually exists in the modern real estate world.

Sadly, William Nickerson died in 2000. He wrote books on other subjects but he will always be known for his original 1959 real estate masterpiece and its later revisions which also contain much more infromation then the original like HOW I TURNED $1,000 INTO FIVE MILLION IN REAL ESTATE IN MY SPARE