Rating: Summary: This will get you started and inspired... Review: Russ Whitney, infomercial guru, real estate multimillionaire, has a good story, if it's true. He raised himself up off of the ground as a slaughterhouse worker, a high school dropout, to become a rich man having succeeded in real estate. This book shares some of his tricks of the trade.The book is especially well written and easy to read. A number of the techniques Russ suggests for building credit, evaluating whether or not property is a good deal, and using leverage seem fairly clever. Not having done my first deal (yet), I do not qualify as an authority on whether or not his techniques work. Some of the financing devices he used, however, such as assuming existing mortgages, might be hard to duplicate in today's low interest rate environment. Other techniques such as arranging seller financing might also take a lot more work than he implies. There are a number of phone numbers and other specific references in the book which are no longer in service. Other aspects of the Whitney empire, beyond this book, also raise a few red flags (hyper-aggressive sales pitches at his free seminars, threats of litigation on discussion boards which discuss his techniques - ... Overall, a great beginner's book - I felt like I learned a lot, but take with a grain of salt.
Rating: Summary: Good, but dated Review: Russ Whitney, infomercial guru, real estate multimillionaire, has a good story, if it's true. He raised himself up off of the ground as a slaughterhouse worker, a high school dropout, to become a rich man having succeeded in real estate. This book shares some of his tricks of the trade. The book is especially well written and easy to read. A number of the techniques Russ suggests for building credit, evaluating whether or not property is a good deal, and using leverage seem fairly clever. Not having done my first deal (yet), I do not qualify as an authority on whether or not his techniques work. Some of the financing devices he used, however, such as assuming existing mortgages, might be hard to duplicate in today's low interest rate environment. Other techniques such as arranging seller financing might also take a lot more work than he implies. There are a number of phone numbers and other specific references in the book which are no longer in service. Other aspects of the Whitney empire, beyond this book, also raise a few red flags (hyper-aggressive sales pitches at his free seminars, threats of litigation on discussion boards which discuss his techniques - ... Overall, a great beginner's book - I felt like I learned a lot, but take with a grain of salt.
Rating: Summary: An Inspirational Starting Point! Review: Sure, Russ Whitney may well be an expensive fraud to meet in person - as a number of emails I have read suggest, but you cannot allow this to detract from the impact that believing in this book may have on your life. All Russ provides in this book is the starting framework, the ideas, and most importantly the real life examples and experiences for your reference. All of the ideas in his book can be found in any number of other texts and that is just the beauty of it all!! - Whitney is trying (successfully) to open the readers mind up to the fact that you don't require new secrets to build wealth. All you need is a burning desire, a framework, and most of all FAITH in your ability to get off your butt and take action to succeed!! I am from New Zealand and my wife and I have gone from being hugely in debt to owning 3 units in 15 months, with more on the way. Hardly any of Whitney's techniques work in our market, however, he, and all of the books that I have read since, extoll the power of flexibility and thats what we have done - with what I think has been great success. Read this book have faith and TAKE ACTION! PS Russ - clean up your act on the seminar scams!!
Rating: Summary: Great Information Review: The book had excellent information. Be careful of his seminars though. People have dropped over $1600.00 with no progress. Thanks!
Rating: Summary: written by a convicted VIOLENT felon (agressive ROBBER) Review: The New York Prisons Department has a file on the author. He did time for a VIOLENT crime. This book is 100% worthless. I'm amazed with the amount of people who go with it and the author. The wolrd is filled with uncritical, naive people! Read more at: http://www.johntreed.com/ReedonWhitney.html
Rating: Summary: Interesting material-but beware! Review: The techniques discussed are old standards. The book really seems to be a lure to attend one of whitney's expensive seminars. You can't get something for nothing! Real Estate investing is hard work with great gambles. Russ has made his money "selling" techniques, not in the field.
Rating: Summary: Simplistic Not Realistic Review: This book does not provide practical advice for those interested in investing in real estate as a business investment. Perhaps some of the advice offered would be of use to a savvy investor in a depressed market. With advice for repairing your credit along the lines of :open a savings account at a local bank and then borrow from yourself being sure to pay back on time-what can you say? This book focuses on the "get rich quick" mentality as its title suggests. If you're looking for practical advice on obtaining real loans for real property in a real market-rather than a lot of far out scenarios that rarely, if ever, really exist, I'd try : Buy Your First Home Now by Peter Miller instead.
Rating: Summary: Excellent Review: This book gives practical ways to begin your real estate investing. I've tried the methods and they work. Russ Whitney shows you how to gain working capital to start investing and continue building your real estate portfolio.
Rating: Summary: Very inspiring book! Review: This book is a great read. Though I haven't tried any of the techniques yet, I'm looking forward to doing so. I even bought my son a copy! Here's to a prosperous future!
Rating: Summary: Great starters book Review: This book is a great way to understand all the secretes of the realestate industry. The book is easy to understand. And it makes it easy to put the theories into practice.
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