Wonderful Book for Creating Long-Term Wealth

books:


	• The Weekend Millionaire's Secrets to Investing in Real Estate: How to Become Wealthy in Your Spare Time Mike Summey, Roger Dawson McGraw-Hill, 2003 - 288 pages average customer review:based on 56 reviews view larger image
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highly recommended

Great first read

It was my first book on real estate that I read and I thought is was perfect for that. High level stuff that introduces the reader to the key concepts in real estate. Lacks detail of the actual how to part but I don't believe it was intended for that. You will need to read other books to enhance your skills but this really gives you the big picture. I also love this book because it is not a get rich quick book. They tell you how to build long term wealth not quick cash. Since reading this book I have continued to read many others on real estate and leveraging but I recommend this to people as a great first or second read.

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Wonderful Book for Creating Long-Term Wealth

This is one of the first REI books I've read and I continue to go back to it for motivation and information. I started investing in 2003 and since then I have purchased 4 single-family homes all with a positive cashflow. I now have a net worth of over half a million. Their style of REI is to buy decent, rentable properties and rent them out for the long term without having to deal with landlording. If you had someone paying your mortgage, wouldn't that make you happy? Now if you were able to have 10 people paying off 10 of your mortgages, that will make you wealthy. Also, what these authors do that others don't is they host FREE live chat rooms and information on their website. Other authors charge you several hundred dollars for the same mentorship. I was very impressed with the information and I will continue to acquire homes, turn my trickle of monthly cashflow into multiple streams of massive wealth, not to mention the appreciation and equity you will gain by having others pay your mortgages. Great book, buy it!

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Complete in nearly every detail

Nothing is left to chance in this book. I have found myself reading chapters over and over! David W.

Real Estate Cash flow oriented

An excellent book for the Cash Flow oriented investor. It offers real life buying samples and the structure of the deal. One chapter covers the importance of the Net Operating Income and the cash flow of your investment. Another area of importance is the Letter of Intent to Purchase Property, where it assist you and your realtor to get multiple offers presented to different sellers at the same time. I'm a fan of Robert T Kiyosaki and I believe that this book has alot to offer.

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made 200K from my first real estate deal

I made 200k with my first real estate deal. I am hoping to do maybe one more later this year.

reviews: page 1, 2, 3, 4, 5, 6, 7, 8, 9, 10

"Everything you need to know to make millions by investing in real estate. Be smart -- take advantage of their invaluable experience to help you reach your financial goals."--Jack Canfield, Co-author, The Power of Focus, Dare to Win, and the Chicken Soup for the Soul(R) series.

A proven formula for making a killing in small real estate investments in all market conditions

Millionaire real estate investor Mike Summey and nationally recognized negotiation expert Roger Dawson team up to offer a complete program for becoming a real estate magnate in your spare time. Unlike all the get-rich-quick real estate investment guides on the shelves, The Weekend Millionaire shows readers how to look beyond price to the fundamentals of what makes a property valuable and to leverage that value in order to build wealth, consistently, over years. It also teaches them an original, win-win negotiating strategy in which the buyer determines the terms of the purchase and lets the seller determine the price.

Readers get clear, step-by-step guidance on how to:

Find great investment properties Approach sellers Structure a win-win proposal Get a proposal accepted--even with no money down and bad credit Negotiate a transaction Manage and maintain properties for increasing returns

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