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The Weekend Millionaire's Secrets to Investing in Real Estate: How to Become Wealthy in Your Spare Time [Anglais] [Broché]

Mike Summey , Roger Dawson

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Descriptions du produit

Quatrième de couverture

Control your financial destiny--and become a Weekend Millionaire!

"Jam-packed with practical ideas that work. Mike and Roger take the potentially complex topic of real estate investing and turn it into a simple process that shows you how to build real wealth, real fast. It's a must read!"

Don Hutson, CEO, U. S. Learning, Inc.

"If you're ready to be a Weekend Millionaire, read this book by brilliant friends Mike and Roger."

Mark Victor Hansen, Co-Author #1 New York Times Best Selling Series, Chicken Soup for the Soul

You don't have to be independently wealthy or a tycoon to get started in real estate. This step-by-step guide shows you how to look beyond price to discover the true value of an investment property. It gives you a long-term strategy, based on sound market principles, to leverage this value to create a substantial cash flow without major capital investment. You will learn how to:

  • Find ideal investment properties
  • Determine the investment value of a property
  • Approach and negotiate with sellers
  • Structure win-win proposals
  • Manage and maintain properties
  • Get started!

Biographie de l'auteur

Mike Summey has taught the Summey Method to thousands of people across North America.

Roger Dawson is a leading negotiation expert whose bestselling cassette program, "Secrets of Power Negotiating," has exceeded $28 million in sales.


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Dans ce livre (En savoir plus)
Première phrase
We don't say that real estate investing is the only way to get rich. Lire la première page
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Couverture | Copyright | Table des matières | Extrait | Index | Quatrième de couverture
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Commentaires en ligne 

Il n'y a pas encore de commentaires clients sur Amazon.fr
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Commentaires client les plus utiles sur Amazon.com (beta)
Amazon.com: 4.1 étoiles sur 5  63 commentaires
260 internautes sur 293 ont trouvé ce commentaire utile 
1.0 étoiles sur 5 Garbage in, Garbage out 1 septembre 2004
Par Helder Gil - Publié sur Amazon.com
Format:Broché
As other reviewers have noted, the essence of this book is:

1. Buy a property very cheaply.

2. Rent it out so that you make a profit.

3. Repeat Steps 1 and 2 above over and over.

4. Live a charmed life and wait for the paychecks to keep arriving in the mail each month.

Reality problems:

1. Finding foreclosures is difficult in this real estate market since any foreclosures that are not total disasters will be snapped up super fast.

2. Finding families on the verge of bankruptcy has to be as miserable a career as ambulance chasing. The authors try their best to sugar coat the fact that they are urging you to benefit from other peoples' misery. But no amount of sugar coating can cover up the fact that their advice is the same as ambulance chasers.

3. Asking real estate brokers to take their fee in a mortgage-like payment will usually get you laughed at right out of the brokers' offices. They often see suckers trying to use this program. Word to the wise: they don't fall for it (unless they have a lack of brain cells) because they want their money front and center, not bits and pieces of it for the next 10 or so years.

4. Finding something "cheap" in most of the major cosmopolitan areas is nearly impossible these days. If something is cheap in a hot market, that means either that the neighbors are members of a drug cartel or that there is a nuclear waste facility under the property. Unless you're buying sheds in the middle of the boondocks, nothing is cheap these days.

5. What about taxes, insurance, renovations, bad tenants, natural/man-made disasters and their effects on your property? Well, the authors pay some lip service to these concerns, but otherwise they don't worry too much about it.

The only thing of real value is the explanation of calculating ROI and some charts that you on your own can make into Excel spreadsheets. It also teaches you some accounting and home buying basics. Of course, you can get the exact same basics for free on many different websites.

Save yourself the cost of this book. Buying it just makes the authors even more fabulously wealthy and encourages them to write more books for unsuspecting audiences.
46 internautes sur 48 ont trouvé ce commentaire utile 
5.0 étoiles sur 5 A must read if you are serious about real estate 18 novembre 2004
Par John Corey - Publié sur Amazon.com
Format:Broché
I have been investing for over 21 years and started with Nothing Down by Robert Allen. My first two deals were 'nothing down'.

Over the years I have done a lot of deals and different things work in different situations.

The Weekend Millionaire is one of the best books for an investor who wants to learn how to invest for long term income. It is not a get rich quick book. The book assumes you have a day job, you pay your bills and have a life other then real estate.

I was impressed that they take you from finding a property to inspecting it to coming up with the offer price and then what to do if the seller says 'yes' or 'no'.

The book does not cover all styles on RE investing. No book could and this one clearly does not even try to cover everything. The advice given is very practical and will help the reader create real wealth if the reader implements what they learn.

One generic comment. All the books, tapes, seminars and similar are worth what you pay or are completely worthless depending on if you apply the information. You can make a lot of money with real estate. You can also spend a lot of time and money getting ready and never have any success. You really need to get out there and pound the pavement. This book will be a great guide if you want to apply what you learn.

John
44 internautes sur 46 ont trouvé ce commentaire utile 
5.0 étoiles sur 5 Great real estate investing book 24 octobre 2003
Par Un client - Publié sur Amazon.com
Format:Broché
I never really understood why people get so excited about real estate investing until I read this book. Now I finally got it. The tax shelter, the leverage potential and the long term benefits all make sense now. Best of all I liked the 8 weekends where they tell you exactly what to do to get started. This has to be the best $15 I've ever spent.
82 internautes sur 91 ont trouvé ce commentaire utile 
5.0 étoiles sur 5 Tremendous 2 février 2004
Par whiskey888 - Publié sur Amazon.com
Format:Broché
Easily the best real estate investing book I've read. This is a no-nonsense, very practical look at how to buy single-family homes and rent them out. It's a page-turner, it doesn't get lost in the details yet is descriptive enough for people to get started. The authors' philosophy is to generate an income stream through renting your properties, and then use the properties as leverage for buying subsequent properties. They basically advocate NEVER selling them unless they're not profitable.
As other reviewers have pointed out, the sections on negotiating are excellent and should not be taken lightly. The techniques they describe were eye-opening, I was shocked at how they might be used, or used against me! To many, the section on negotating may even be more useful than the rest of the book.
To further motivate you to get started, the book includes 8 chapters at the end, each representing one week, that describe exactly what to do in your first 8 weeks of getting started. Very well written, i've already recommended this book to several others.
The authors correctly convince you that the terms of the deal are often as important, or more important, than the selling price. This is because you can still get a good return on investment (ROI) even if you pay more than the asking price. Then, to me, the only weakness in this book relates to financing homes in very expensive markets. The authors advocate only buying houses within a 10-mile radius of where you live. Sure, if you have so-so credit and little money, you can probably scrape up financing for homes in the $50000-$100000 range. But what if you're like me, in the San Francisco Bay Area, where 1300 sq foot homes in decent neighborhoods can go for $300-400k? This is a VERY high barrier for entry. This becomes laughable when the authors describe an example where they bought a 12000 sq foot manufacturing facility for $200k, and the challenges they faced with making this facility profitable when rented. I'm not sure that any amount of creative financing will be able to help some people in markets like this.
23 internautes sur 23 ont trouvé ce commentaire utile 
5.0 étoiles sur 5 Why did it take so long? 22 octobre 2003
Par Un client - Publié sur Amazon.com
Format:Broché
I've read dozens of books on real estate investing and to be honest, I've found most of them either over my head or just plain unbelievable. When I heard Mike Summey talking about the book on the Real Estate and You show on WYCA-FM, I had to check it out. Finally, I've found a book that explains real estate investing in simple language and breaks it down into such doable tasks that I can't wait to get started. I loved the stories that illustrate how to apply the techniques the authors teach. Not only do they tell you what to do and how to do it, but they go the extra mile and use real life stories to show you how to achieve successful win/win negotiations that benefit everyone. If you don't buy another real estate book, buy this one. It's a keeper! You may also want to check out the website listed in the book. It's [...] and it's a great resource for real estate investors.
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