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Summary: The first book for anyone considering realestate investing
Review: This is a great book for anyone who might think realestate investing is too complicated and are afraid they couldn't understand what to do and how to do it!
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Summary: Build Wealth in the New Millenium with Russ
Review: This is one of the two best books that I have ever read on Wealth Building. The other being How to Make Nothing But Money, a NY times best seller by Dave DelDotto.Anyone who follows the techniques in this book is GUARANTEED to get results. The only thing that this book does not provide is the SWEAT EQUITY--You have to roll up your sleeves and go to work. The deals won't come to you.I also recommend Rich Dad, Poor Dad as excellent reads.
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Summary: Book Review -- Building Wealth: From Rags to Riches with Rea
Review: Unfortunately, the rating system does not allow for a below zero rating- which is where this book belongs. Having completed a 25 year career in mortgage banking, I can tell you that bankers are not as stupid as Whitney would lead you to believe. The techniques that Whitney offers in dealing with bankers- simply will not work. Similar to other snake oil salesmen, Whitney discusses the OPM (other people's money) or no downpayment techniques to purchasing real estate. These are great techniques in real estate markets that are so depressed that bank financing is not available. This is not the case in most real estatet markets in America today- especially in light of the current economy. A reader would be better off buying books explaing the windfalls being made on Ocean Front Properties in Arizona.
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Summary: Great Start
Review: When I first read the book, I thought the numbers and stats were WAY out of date. On top of that, I didn't think it would be applicable in Canada. When I finally realized is the Russ Whitney is teaching a methodology and mindset, not a step by step way to get rich. It works! Since reading the book, I have attended a few seminars (not cheap) and bought property that have more than paid off the costs of education. I no longer care about my RRSP, CPP or working for a living. I have the cashflow and time to devote all of my time to real estate investing. Remember, read the book, understand the points, then adapt them to your environment. IT WORKS!
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