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REAL ESTATE BOOKS
Posted in Real Estate (Monday, October 6, 2008)
Written by David Lindahl. By Wiley.
The regular list price is $22.95.
Sells new for $11.28.
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5 comments about Emerging Real Estate Markets: How to Find and Profit from Up-and-Coming Areas.
- Being a full time investor myself - I am always reading other people's books to see if they have an angle to make a project more profitable or an idea that I have not used myself yet.
In David Lindahl's book - I found that it had some good fundamental advice of what types of markets to invest in as well as leveraging other people's time so that you can focus on your own highest and most productive use of your own personal time. Being involved in many multi-unit investments myself - Dave did acknowledge and cover some of the largest pitfalls that one can get into with these large buildings.
However, I did find it a bit discouraging that someone with so much experience is suggesting that complete novices purchase large multi-unit buildings to start with - especially since they have no experience with the fundamentals of investment real estate in the first place. Of which, Dave developed with his single family properties and then moved into larger units which gave him the knowledge based on previous experience.
From Dave's perspective I can see how someone with his experience (starting with single family homes)- could view this today as easy and that even a beginer could do it.
I honestly don't believe that most people - especially beginners, should buy such large complexes to start with. As profitable as they are for experienced investors, one needs to understand the basic fundamentals first. This sounds like the 'get rich quick' type of marketing to beginners that gets people into trouble very quickly.
This book is best suited to someone who has previous experience and is looking to get into larger deals - not beginners. Even for the experienced investor - this book only covers the basics of multi-family investing and it not a technical book. It is more of a promotion for Dave's courses, which may be worth the investment for someone who already owns investment real estate and wants to get into bigger projects.
- Awesome! Wish I had read and applied this book 2 years ago...before the market started its crash. As the owner (once proud) of 45 homes...some appreciated 100% in 2 years -- but due to market cycles -- now I am wishing I had a crystal ball. Well Dave gives you the understanding to have your own crystal ball!
- This book is the BEST I have read in a very long time regarding market timing entrance and exit based on US geography. Dave is an "expert" investor that speaks with authority on the subject. As I read along I realized all the mistakes I have made over the years. If I only had this book 5 years ago! Great job Dave!
- Several years ago David Lindahl was a eager young student of Marc Garrison the author of "Unlimited Real Estate Profit". David even appears on Marc's 21 DVD course. What David has done with his new book is to rip off Marc's work on emerging absorption markets. You should go to Marc's website narei.com to find out more. I would encourage you to read his website selection "The Fifth Migration" and "The Garrison Cycle". Marc started investing in 1978. His profit from his real estate paid for 2 undergraduate degrees, an MBA, then he started work on a Ph.D. in real estate economics. That academic study led him to an understanding of which markets to invest in, which ones to hold in, and which ones to sell in.
I met Marc on one of his BuyingTours. Talk about fantastic. For the past 22 years Marc has knocked home run after home run in 18 new absorption markets. In July of 08 he will open up his 19th emerging absorption market. If you want to be sold / telemarketed contact David Lindahl.
I far prefer Garrison's style - when you call you can talk with Marc if he is not busy. But, if he is busy he will personally call you back as soon as he can. I have studied under 7 or 8 Gurus to date. Marc is the only one that I have ever been able to personally talk with. Marc is a breath of fresh air in the sweat shop hard core telemarketed snake oil sales routine.
- My god...I read entirely too much!! Now, I'm not going to lie to you and say that Dave doesn't plug his bootcamps and stuff however, I can honestly say he is the real deal. The dude knows his stuff!! I think the title, "Understanding Real Estate Market Cycles and How To Profit From Them", would have been a little better though.(but what do I know)
Nonetheless, it's a great book and a good introduction to Dave and his methodology.
Can you read his book and then go out there and do it? It depends truthfully. Are you the type of person that needs someone to hold their hand and walk them around the block to show them the scary spots....or are you the type that can realisticlly pull themselves up by their own bootstraps and is willing to stumble a little?
Personally, I'm an active real estate investor in both SFR and multi-family units (duplex, tri, quads) and I still go to seminars and learn the ropes before venturing too far out.
Hey...in a nutshell...BUY THE BOOK READ IT DO IT!! Geez, it's only $20 bucks.
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Posted in Real Estate (Monday, October 6, 2008)
Written by Stuart J. Hollander. By Pleasant City Press, LLC..
The regular list price is $19.95.
Sells new for $12.40.
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5 comments about Saving the Family Cottage: A Guide to Succession Planning for your Cottage, Cabin, Camp or Vacation Home 2nd Edition.
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This is a good little book. It is well worth the read for anybody interested in estate planning. People who have a cottage, a vacation home, a farm, a retreat or some other form of real estate that the family tends to enjoy should read this book if they want to keep that property IN THE FAMILY for generations to come. And attorneys that do estate planning work would do themselves a favor to read this book so they can provide the best legal help possible when providing their services. This book is not a form book, but it provides enough information on the topic that any competent attorney can put together the appropriate Operating Agreement templates in order to carry out what this book explains is possible.
I must say I think the author is to be commended for writing this book. Clearly it is a marketing piece for his law practice. But it is not just that - it provides provides value in a niche that has not been written about before. The book is broken into four parts:
I. Cottages at risk (1-3)
II. Choosing the right path (4-7)
III. Cottage plans in action (8-14)
IV. Creating a cottage legacy (15-16)
And the book is comprised of 16 chapters:
1. Trouble in paradise
2. Avoid the worst: A partition parable
3. Plan for the best: Cottage succession goals
4. How to plan helps save the family cottage
5. No plan? Then 600-year old law controls the cottage
6. Other animals in the property law zoo
7. Short-term solutions
8. Choose the right legal entity for your cottage
9. Welcome to the club
10. When and how to organize the Cottage LLC
11. The cottage safety valve
12. Cottage democracy
13. Scheduling and use
14. Renting the cottage
15. Minimizing the federal tax bite
16. The ultimate gift: A cottage endowment
I found the book a bit repetitive. It was not tightly written. I would have enjoyed it a lot more if the problem of partitions had been stated once up front, and then the book could have moved on. Instead I kept hearing about partitions throughout the book.
In estate planning there is much written about how it is nice to put your major assets in a living trust so the courts (probate court) cannot get involved in the estate settlement process. Whenever courts have to get involved in a matter there is such a loss of control by the litigants. In the instant book, the author explains that it is nice to put your cottage, vacation home, or family retreat into a Limited Liability Company (LLC) so family squabbles down the inheritance line typically won't be mediated by the courts. The other nice thing if the Operating Agreement is drafted well is that there probably won't be family squabbles. What the author proposes is really a good idea. When the original owner of the cottage dies, the beneficiaries of the estate will take title to membership interests in an LLC, not ownership interests in real estate. As a result, partition of real estate interests is not an option in a dispute. 4 stars!
- My wife and I have been wrestling with how to make sure our cabin can stay in the family. This books discusses all the issues and helps you think about the way you would like to manage your cottage in your estate.
Very Informative!
- This book is a great resource for familites who want to try to keep a family second home over multiple generations. Wish we had read this before putting our family property in a trust- after reading it, we will probably be changing to an LLC holding entity instead! Heartily recommend this book, we got 2 copies and are passing it around.
- Good basic introduction, with good insights into the issues that need to be understood and addressed. Tends to be repetitious, and is strong on advocating LLCs (limited liability companies) as the best way forward. Would have been more useful if additional material had been presented on alternative solutions (trusts, corporations, etc.). Would also have been more helpful to have explained the different elements that should be included in LLCs (the elements are listed in an Appendix) in more detail. Bibliography and notes provide a good basis for more research.
All in all, well worth the investment -- learned a lot. Would give it an extra half star (3.5), had it been possible!
- Our children want us to keep the beach house in the family. This terrific book explains how to do it and how to avoid fights and bad feelings among the children after you are gone. We still had a lawyer draw things up, but this was an enormous help to us. We bought copies for each of the children and have recommended it to friends with vacation homes.
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Posted in Real Estate (Monday, October 6, 2008)
Written by Wendy Patton. By Wiley.
The regular list price is $21.95.
Sells new for $12.12.
There are some available for $11.67.
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5 comments about Investing in Real Estate With Lease Options and "Subject-To" Deals : Powerful Strategies for Getting More When You Sell, and Paying Less When You Buy.
- As Real Estate Investors, when we hear of different ways to make money in this business, usually the first question always is "Will this work for me?" or "Will this work in my area?" or even better, will it work now "in this type of market?" Well, I say that Wendy has techniques that will answer YES to all three questions. My eyes really lit up when I learned how to combine methods--such as buying "Subject-To (getting the deed) and then Lease Optioning!!! Boy talk about a million dollar idea!! And these methods work -NO MATTER WHAT YOUR MARKET IS DOING!!! It was once said by a very popular and wealthy individual that we should "Own nothing and CONTROL everything"--well you got it right here!!! CONTROL WITHOUT OWNERSHIP!!! And you can get wealthy doing it. How would you like to own (control) over 100 homes at one time and have THREE sources of income from EACH house!!!! How many checks can you handle? That is what this book will do for you!!! GO GET IT NOW!!! RIGHT NOW!!!
- This book is very well written. Excellent. Three months after reading her "Lease Option/Subject To" book I was able to do a lease option deal with a motivated seller. Now that I am ready to exercise my option, I was having problems finding a mortgage broker that can refinance a lease option deal. I emailed Wendy Patton and she responded in less than 24 hours with 5 mortgage brokers that can do the refinance. Bottom line, this is a Great Book! and a Great Author!
- Fight The Good Fight I've been to a Wendy Patton seminar. She is a great teacher. Her material on lease options and subject to's are excellent resources. With her it's not all about selling you a $5,000 course. She actually provides valuabe information for the price of the book. I can't say the same about some of the other real estate guru's.
- After investing in real estate for the last 8 years using lease options and subject to deals, i was pleasantly surprised by this book. Wendy Patton packs this book full of great ideas and techniques for both the beginner as well as the advanced investor. Anyone wanting to buy real estate with little or no money down, must read this book. Byron Walker UltimateResultsNow.com
- I really found a great deal of useful information in this book familiarizing and guiding the reader through the lease option concept. I was willing to give this book 5 stars if it wasn't for the poor writting style in the first few chapters and simplistic cost/profit worksheets. Overall lease option is well introduced but when it comes to list costs associated with acquiring a lease option property until selling it to a new owner there is no emphasis on major costs like transfer tax and title fees, etc. In other words if you do not do your own research and just thrust the worksheets in Wendy's book you might evaluate an investment as highly profitable while it is not much profit potential after associated transaction costs. However to be fair Wendy mentions a few times that a novice investor should not jump into any deal before consulting with a local real estate attorney.
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Posted in Real Estate (Monday, October 6, 2008)
Written by Kim Kiyosaki. By Rich Press.
The regular list price is $18.95.
Sells new for $8.42.
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5 comments about Rich Woman: A Book on Investing for Women - Because I Hate Being Told What to Do!.
- It's all "conversations". I wish I could learn something from it. I love reading, but all I have in conclusion for this book is tedious, waste of time and money. There are bunch of great books about investment and especially for women. Rich Woman is not the one.
- I understand the title is "Rich WOMAN" and that it is geared towards a female audience, obviously, but some of the examples were a little off target for me. I am a 24 year old who has always supported myself, looking for something that would help me better my financial intelligence and understanding. However, this book considered "women who's dream husbands divorced them". What? THAT is not why women should be fully financially literate, just in case their "plan" to marry a rich guy falls through. I think bringing the fact that women live longer then men is completely irrelevant to FINANCE. If you picked up a finance book geared toward men (what I mean is a book not SPECIFICALLY geared toward women) there is none of the nonsense. I wanted a female perspective, but was definitely not expecting or appreciating what I got. Read "Cashflow Quadrant" by Robert Kiyosaki- best one in the series. Now they are just getting out of control.
- Rich Woman wasn't very helpful. I found myself getting bored reading through the stories of Kim and her friends reminiscing. It seemed like Kim couldn't decide whether to write an autobiography or an investment book, and ended up doing both badly.
The book was extremely repetitive, and not in a good way. Kim was so busy trying to promote her Rich Dad products, the advertised purpose of the book was lost, and the plugs were very annoying.
There was also no thought continuity through out the book. I felt like I was reading a term paper and there was a word count to be meet. There were paragraphs that served no purpose. They didn't bring a point home, or shed any light on what was being discussed.
Ladies save your money and pass on this one.
- Great read for those not familiar with her husband, Robert, who wrote Rich Dad, Poor Dad. It is filled with colorful personal stories about Kim and Robert prior to becoming successful. Also, she includes conversations she had with friends about money and success.
Overall, it flows well, is motivational and includes a few strategies for success. A few more concrete steps for becoming wealthy would have made it better.
Finding Your Costa Rica : 5 Powerful Steps to Personal, Professional and Financial Success
- Kim Kiyosaki must be referring to older generations of women in this book.
I am a 30 year old woman and I grew up knowing that PEOPLE (men and women) need to work to live, not be lazy and live off your partner or spouse. Of my 30 years of living and knowing women, none of my friends are as lazy as the women described in this book.
In fact, I know men who are as lazy as the women described in this book. The only women that I know who are identical to how Kim describes are my mother and grandmother or my friend's mothers and grandmothers. Maybe this is because they grew up in a generation where they didn't need to work.
Perhaps lazy women as well as lazy men might find this book motivating to get out of the house and do something with their lives, but it's not a good book to learn about investing.
If you want to learn about investing, read 'Rich Dad Poor Dad' and the Rich Dad Advisors' books. These books actually have value and good information.
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Posted in Real Estate (Monday, October 6, 2008)
Written by Jamaine Burrell. By Atlantic Publishing Company (FL).
The regular list price is $21.95.
Sells new for $13.99.
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5 comments about The Complete Guide to Investing in Real Estate Tax Liens & Deeds: How to Earn High Rates of Return - Safely.
- So what the heck are "tax lien instruments" and why would you want to invest in them? That's what I asked myself when I picked up this book. By the time I was done reading, I not only had the answers I needed, I couldn't wait to get started!
As you'll learn in this complete how-to from Jamaine Burrell, there's enormous profit to be made in the little-known, but high-yield goldmines found in tax liens and deeds. IF you do it right. With these tax lien secrets, proven ideas, and hands-on hints compiled from thousands of hours spent talking to the tax lien pros, it's a can't miss. Yes! If you know what you're doing, you can take advantage of high tax lien returns, with little or no risk. And this book shows you how--from start to finish.
-- Robert Gardner
- Tax lien and tax deed investing are complicated subjects, made even more complicated by the huge variations in laws from state to state. This book explains the different details with great clarity.
The book opens with general chapters that explain why the differences between tax liens and tax deeds, the things an investor must consider when planning such an investment, and guidelines that will help make the process more comfortable. For example, even an experienced investor may have little experience with auctions, which is the method most governments use to sell tax liens and deeds - "The Complete Guide" has tips on what to bring and do in those situations.
Also in the early chapters, Burrell uses real world examples to help explain points - showing, for example, the forms used to register for an auction in Los Angeles. Later, Burrell discusses subjects like foreclosing (the painful part for those of us without thick skin) and getting financing for a tax lien or tax deed investment.
However, the key parts of the book are the tables (I think there are about 20); Chapter 12, which has a comprehensive breakdown of the different state laws; and the exceptionally comprehensive, 60-page (you read that right!) glossary.
- From reading the cover you might think this is another get rich quick idea. After reading the book, however, you'll find a hype-free matter of fact approach. All the benefits and pitfalls (at least that I could think of) are covered. I went to a seminar where someone pitched an expensive package of services to help someone who wanted to invest in tax lien certificates. Instead I bought this book. It will answer your questions and help you decide if you want to proceed. What the book does not include are all the little details you'll need to actually execute a purchase. This varies a lot by state and would require the book to double in size. So, if you just want to know about these investments, I recommend this book. If you are ready to invest, you'll need more information.
- Tax lien investing is interesting. They are touted as a surefire winning ivestments and many "experts" offer training costing thousands of dollars to "train" you on how to invest in these "goldmines". Do yourself a favor, buy this book and avoid the seminars. You are going to learn by experience and this book will help you get started. The seminars are simply going to part you and your money. Tax liens are not as easy as they sound. You cannot simply go down to the courthouse and buy a 25% lien. Most people trying to get you into this game neglect to mention the fact that large companies will flood the market with lowball offers to obtain a majority of the better tax liens.
- The Complete Guide to Investing in Real Estate Tax Liens & Deeds: How to Earn High Rates of Return - Safely
"By far the most through and comprensive of any book I have found anywhere on this subject of Investing in Tax Liens"! Has enabled me to make a considerable amount over the past few months with very little effort.
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Posted in Real Estate (Monday, October 6, 2008)
Written by Ralph R. Roberts. By For Dummies.
The regular list price is $21.99.
Sells new for $6.91.
There are some available for $6.82.
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5 comments about Flipping Houses For Dummies (For Dummies (Business & Personal Finance)).
- This book was very helpful with a house flipping presentation that I had to do.
- I have not finished the book yet, but so far it is an easy read. I would reccomend it.
- One reviewer, who is a realtor, wrote that this book was the greatest ever. It's not, but it is a good book worth owning. Particularily explaining the things to look for when inspecting the property, rehabbing, developing your farm area, and selling your flip. I did learn several things.
There are several things that I'd never recommend that the author expouses and eventually a reader after years of flipping experience will learn. One example is using realtors on the acquiring end. Maybe that's why the reviewer labeled the book the greatest ever. That said the advice given overall is probably good for the novice flipper. No book can keep you from losing money, and realize that most first-time flippers either lose money or make so little that the endeavor was not worth their time of investment. If you don't believe me, just watch the TV shows on flipping. Just understand that they are better ways to find and buy properties, and eventually you'll learn them if you invest in real estate long enough. The advice not to go FSBO is very wise, and I'm not a realtor.
- This book covers absolutely EVERYTHING involved in flipping houses. It doesn't leave one topic out. It even talks about all the negatives. Topics are covered very well, even has a cheat sheet to take with you!
- I bought this book for my boyfriend, who knows/knew nothing about flipping, but has a strong interest in learning about the business. He raved about the book! Said it was easy to read and that he learned a lot, he is now on to reading a more advanced book on the topic.
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Posted in Real Estate (Monday, October 6, 2008)
Written by Joel S. Moskowitz. By Andrews McMeel Publishing.
The regular list price is $26.99.
Sells new for $8.00.
There are some available for $5.32.
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5 comments about The 16% Solution: How To Get High Interest Rates in a Low Interest World with Tax Lien Certificates.
- I give this book 1 star because the author does a good job of explaining the whole process of buying tax liens, but doesn't mention that you probably won't be able to do this profitably.
I have been to more than a few tax lien sales. The interest rates vary by state, some are 14%, some are 16%, some are 19%, so it sounds like a good deal. then the auction begins and that 16% rate gets bid down to 15%, 14%, 10%, etc. Until nobody is willing to accept less. I sat at an auction where the rate was bid down to 1%. Thats a pretty poor return for my money. I spoke with one of the bidders who told me that his organization will sometimes bid as low as -3%. That means they pay 3% interest for the privilege of buying the lien. Obviously they are hoping to take this to foreclosure.
The problem is many large organizations send representatives to these auctions because they view it as an easy, cheap investment. They are happy to get 5% on a few hundred thousand dollars invested because they hope a few of these will progress to foreclosure, or they will start the foreclosure proceedings so they can recover the entire house and property as payments. Its a numbers game. they know they will get paid eventually, and they hope for a bigger score.
We go in there hoping to pay off the debt and get 16%, but they are playing by different rules. We can't compete with that unless we have tons of cash and are willing to take less. Usually much less.
Another thought to think about is lets say you buy the tax lien. The homeowner continues his pattern of not paying taxes, now you have to continue to buy his future tax liens to keep someone else from buying them and starting their own foreclosure process. because they will get the house and all they have to do is pay you your principal and interest. Which isn't too bad, at least you did not lose money. But they get the big score.
You also need to be aware of the condition of the house. Lets say you buy the tax lien for $5,000 and then you end up foreclosing to recover your money. The house may not be worth $5,000 or it may need $75,000 worth of work to get it into saleable condition if you want to make a decent profit.
You also need to be aware that if you foreclose on a property and there are problems or contamination issues (leaking underground oil tanks, etc) you are now responsible to pay for the clean-up of that contamination. Yes, you can legally go after the previous owner to try to get the cost of clean-up from him, but if he could not pay his taxes what makes you think he has hundreds of thousands of dollars laying around to pay for clean-up costs? Theres probably a good chance that he would not waste money on insurance coverage either. So you are pretty much on your own.
Before you think about buying tax liens you need to do a little research and planning. Go to a few tax lien sales. You can call your local govt to find out the dates. Sit in and see how they work. You also need to have extra money. You need money to buy the tax lien. you need money to start foreclosure proceedings to get your money back. You need to inspect the house and property BEFORE you buy the lien. Don't buy someone elses headache. Maybe they stopped paying taxes to try to get someone to foreclose and take away their nightmare? You need to check the town records. Are their other liens on this property? Are there easements?
I think this was a good way to earn money years ago. before the larger organizations jumped on the tax lien bandwagon. It sounds good in theory, but unless you are in the middle of nowhere, in a tiny town that a large organization has never heard of, the chances of making this a large money making investment are going to be slim. You may get lucky, but in my experience it will be tough.
If you do decide to start buying tax liens, if you can get some at a profitable rate, I recommend you do it far away from where you live. If you start foreclosure proceedings on someone who lives in your own community, there will be some bad blood. people have a tendency to hate other people that start foreclosure proceedings against them. I guess thats why the large organizations do it, they are faceless and don't care about others.
You also need to understand that some people that stop paying taxes are horrible people and who wouldn't want to profit from them? But some of these people will be single mothers trying to keep their children fed and clothed. Do I buy food or pay property taxes?
- This book discribes how investors can make money in the tax lien market. Tax liens are those liens attached to your deed when you do not pay your property taxes. Since your municpality needs these taxes to pay for service (fire, police, etc.) and they do not need the real estate, they either sell the liens or the actual real estate (not really covered in this book) at an auction. The investor needs to wait a period of time (Each State is Differnt) and then the investor forcloses on the defaltee either requiring the tax payer to pay cash or take possesion of the real estate to do what he wishes with it.
The four sectons of the book explain the basics of these liens, what they are, how to get them, who to contact, what to look for, where they are held and the basics of how to redeam them. There is also a reference on the individual state laws on how each state handles the leins and what the investor must do.
Mr. Moskowitz gives plenty of exapmples of which states has tax liens (Certificates) and which ones have tax deeds (Real Estate). He explains the pros and cons of each and he explains how to take advantage of each situation.
For the small investor though, this can cause some problems as your cash is tied up for a period time and you may have to foreclose on the tax payer when then do not pay. If you need the money and there are no current markets to to sell off your certificate if the need arrises. If you have enough money to part with, investing in these vehicles are safe and secure and you can get some hefty profits from them if you are willing to deal with som small problems.
He reminds you that these profits are guarrenteed by the government and are perfectly legal.
This book helps you understand the concept of these investments, but you need to do more research before you start. Are you willing to evict someone when there term is up. Many states allow tax payers to pay thier taxes after the have sold it you with out owing you interest (generally with in a certain time frame). These and other questions needs to be ask as you read the book.
Mr. Moskowitz does a great job at explaining everything except how to get tax Deed (real estate). This is recommened as a starting point for anyone who want to get involved in this type of investment. Further reading and inquiry of others who actually use these investments are still needed.
- This book is great if you want to get acclimated with Tax Liens. I would say the book is superior when it comes to actually giving you numbers for each state and explaining the dynamics in each.
I will say that other books on the subject will educate you probably just as well, but this is considered the standard on the subject and I found it's appendix in the back for each state better than the rest. BOTTOM LINE: I took out every book at the library on the subject, read them all, and then bought this book to keep around.
- This book rates well with me in terms of presentation and qualified information. I will admit at the front that I have never purchased a tax lien and I would weigh that heavily in terms of the merits of any review of this book. If there are among these reviews some who have purchased tax liens and have not lost their shirt in the process, I would weigh their review ahead of all others.
With that said, I should note that I have a considerable amount of experience in the real estate arena which will validate at least some of my review. Despite this book being presented in a very qualified manner, experience will show that typically the returns presented in investment specific books (particularly those with the anticipated return on its cover) are almost always on the rosy end of reality.
Obtaining liens at this high a rate will inevitably not be as easily achievable as this book presents. That is not to suggest is not possible, as I am quite aware it is. I say this more as a caution because this book spends only a minimal amount of time on risk and otherwise encompasses nearly all its time on the potential reward. For this reason I am in the middle of the road on how I view this book and thus give it 3 stars.
To reiterate, I admit I have not purchased any tax liens, so understand that this opinion is based on what I know of the entire market place of real estate and anticipated returns. If tax liens are of interest to you, this book will in fact provide you with a solid foundation about the intricacies of such dealings.
- This will get you started but it has only scratched the surface of what you really need to do regarding the tax lien certificate process. I think this book is best for gauging your interest level to see if you want to explore further.
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Posted in Real Estate (Monday, October 6, 2008)
Written by David Lindahl. By Wiley.
The regular list price is $27.95.
Sells new for $14.79.
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5 comments about Multi-Family Millions: How Anyone Can Reposition Apartments for Big Profits.
- I love this book. I highly recommend it. Make sure you have a pen and piece of paper ready to take notes. Your going to need it.
Thanks Dave!
- I have been an investor and rehabbing for several years with single and dual family homes. During this time I have read several books on Multi Family Apartment ownership. For some time I have wanted to move on to larger units but was concerned that I didn't have the knowledge to move forward. Each time I finished reading the other books I came away still feeling I needed more practical information to move forward. After reading Dave's book I came away feeling it's time to make the move (to take action). I have now started putting my team together following the advise Dave outlines in this book. So far it is working great.
- I love this book! Dave spoke at my REI club a few years ago and I went to the 1 day seminar that followed. Dave was able to answer all my questions on the subject of owning multi-families (namely dup, tri, and quadplexes).
I was afraid to get out of my comfort zone (single families) but when dave laid out how he felt the same fear that I did and truthfully...YOU are probably feeling I thought...F%&* it!!
This book is a definite short cut for you. And it's a steal!! What does it cost? $15-$20 bucks!!
Even though I regularly buy and sell multi-families and think I know it all, Dave's book has tons of chunks of meat and potatoes for me to still go through. It's works really great with the way the market is and real estate is available for pennies on the dollar.
- This book is well written and very informative. It also got me excited about the possibilities of multi-family investing. As with most real estate investing books, it gives you enough information to get yourself in trouble if you are not careful, but there is a lot of good information that can be used as a stepping stone to get to your investment goals.
- i have been a builder for the last 10 yrs. i only i would have known about this information simplified the way it is, i would not been working for 80 hrs., a week, with the economy the way it is right now, what we want is cash flow, and this is the machine to do it. thanks for all the info.
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Posted in Real Estate (Monday, October 6, 2008)
Written by Tanya Davis. By Atlantic Publishing Company (FL).
The regular list price is $29.95.
Sells new for $18.51.
There are some available for $13.99.
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5 comments about The Real Estate Developer's Handbook: How to Set Up, Operate, and Manage a Financially Successful Real Estate Development With Companion CD-ROM.
- With the proliferation and popularity of shows dedicated to real-estate pros and real estate development, there is an ever-growing audience of people wondering how to break into that same field. This book provides an outstanding overview of real estate development, and should be found on the desk of anyone even considering entering this field. This well-written treatise on real estate development explains all the necessary skills and possible pitfalls for a would-be developer, and helps explain the behind-the-scenes work that characterizes most successful real estate deals.
Throughout the book, Davis stresses the need for drive, determination, and tenacity. She does not gloss over the possibility of disaster for those who are not prepared to dedicate the necessary time and attention to keep their projects moving forward, but she makes it clear that the rewards for that tenacity can be great. By presenting such an honest view of real estate development, Davis does a service to the industry by hopefully convincing some people that they should limit their involvement to real estate investment rather than development.
I would highly recommend this book to anyone considering a new career in real estate development, and recommend they read it ready to honestly assess their ability to cope with the pitfalls of the industry. All-in-all, this book is a must-have for anyone interested in real estate development.
- Well writtan,all the information you are going to need on starting your own Real Estate development company.I flew through this book, I could not put it down.It really gives you the starting building blocks on how Real Estate development works.It comes with a CD,it gives you all the contracts
you are going to need when starting your business.If you plan in getting into Real Estate development,this book is a great head start.
- Once in awhile there is a book that stands out that is well-written and informative. This book has a lot of easy-to-understand insights on becoming a Real Estate Developer and the process and pitfalls that one may encounter.
Almost all Real Estate Developers have to learn the ropes through real world experience; with this comes a lot of trial and error. This book displays the common problems that Developers face, which speeds up the learning curve rather than enduring years of learning the "kept secrets" of Developers. The core of this book covers a lot of Real Estate and Developing concepts!
This Handbook is very up-to-date and provides a lot of resources to turn to for additional help and research; it also has a CD that has useful forms that is sure to be of great benefit.
I am very glad that I picked up this book... I have learned so much and it has saved me years of learning on my own. Thank you!
- This book is essentially a step by step guide as to how one can enter the real estate development universe. It outlines the various opportunities available and the processes through which a beginning developer can systematically approach the onslaught of obstacles he or she will encounter throughout the development process. The beneficial aspect of this book is that it provides a birds eye launch point from which a person can prepare for and begin to research the intricacies of what is an incredibly complex process. On the other hand, I would argue that the book borders on being uninformative. While I did not expect a comprehensive guide to a successful development, I found the content to be lacking actual substance even short what I would expect from an introductory level text. The author writes the book as if one could carry out the process simply by bringing the book with them as a checklist. However, I think the best use of my time would have been to simply write a list of topics touched upon so as to seek out other books that more comprehensively address those points. But, as I said initially, this book is a fine introduction to real estate development if you are simply trying to understand what is involved in the process.
- I am a real estate developer in a family business.
She does a great job at making the complex subject of development easier to understand.
Excellent for beginners.
Great for intermediate.
Very Good for the Big timers as well.
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Posted in Real Estate (Monday, October 6, 2008)
Written by Larry Loftis. By Kaplan Publishing.
The regular list price is $22.00.
Sells new for $13.63.
There are some available for $13.52.
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5 comments about Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time.
- This book had some really good information. It is well written by someone who has spent a lot of time buying tax liens. The author does not give any false hopes and is very realistic about what to expect.
- Arrived quickly and in good shape.
Haven't started to read it yet.
- I saw a notice for Tax Lien Certificate auction in my local paper. This made me interested in looking for additional information. This book was just what I was looking for. It provided the information I was hoping to get and them some.
- Now in an updated second edition, Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time is a straightforward guide to making money through relatively safe investment in tax liens (sometimes called tax deeds, depending on one's state). Profit by Investing in Real Estate Tax Liens covers how to purchase tax liens or deeds on the Internet, the difference between tax liens and deeds, a walkthrough of the bidding process at tax sales, the requirements of tax liens and tax deeds as well as how they differ from state to state, how to protect oneself against the most threatening risks, and much more. Author and Florida attorney Larry Loftis has literally millions of dollars' worth of experience in real estate investing; he presents the ins and outs of these lucrative opportunities a straightforward, easy-to-follow terms for readers of all backgrounds. "...many properties can be bought for very low prices, perhaps for even pennies on the dollar. However, many properties are not worth buying! For example, you might buy a vacant lot that is so small it is unbuildable. Or the lot is configured in such a strange way that it is also unbuildable, except possibly for use as a parking lot. In other cases, the property might be under water or next to or part of a drainage ditch! So in tax deed investing, rule number one is always to personally view the property." A "must-read" of both basic and advanced tips for anyone considering investing in real estate tax liens.
- I bought Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time and Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days-Investing Without Losing Series (Investing Without Losing. Investing in Real Estate Liens was a better book with more detail.
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Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time
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