by William J. Poorvu
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Product Description
"This well-organized book shows what a typical life in real estate is like so that newcomers can decide whether the field is right for them. It also offers advice on how to grow real estate investments for people who are already in the industry. Poorvu includes a variety of real world stories about people and their career experiences to make for an interesting read with a practical edge." --Publishers Weekly "This new book by Bill Poorvu trumps any real estate book you've ever read." --James Grant, editor of Grant's Interest Rate Observer There are plenty of "get rich quick in real estate" books. This is not one of them. Your guide, William Poorvu, is a lifelong real estate investor and consultant, and former head of the real estate program at Harvard Business School. Drawing on his personal experience--and hundreds of interviews with many of the most successful real estate investors and entrepreneurs--Poorvu illuminates every stage of your "life" in real estate: creating wealth, growing it, and managing it successfully.He reveals the milestones, pitfalls, and rewards associated with real estate investing, offering powerful insight into the challenges and opportunities you'll face as you start out. ..scale up...ride the industry's cyclical waves and then leverage, share, or pass along the wealth you've created. This book contains dozens of real life personal stories, hands-on checklists, and questions to guide your decisions...and it delivers unparalleled insight into how the real estate industry really works: / Be strategic: choose your best route into the business Define your successful real estate career, and learn how to make it a reality /Build your foundation: your first job, your first deal Spot a great opportunity to add value, and jump on it / Scale up: build and sustain your success Hire a great team, manage them successfully, and find the capital you need to grow / Survive the downturns: be flexible and nimble Recognize new realities, adapt to them, and uncover the opportunities they create / Take stock: make the most of your success Balance your business, wealth, and family
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Average Customer Review:
8 of 8 people found the following review helpful:
Good advice., 2008-02-29
Bill Poorvu's newest book provides meaningfully helpful information and guidance to those who are considering becoming professional real estate investors. An accomplished investor himself who happens to teach the topic at the Harvard Business School, he does so with a multi-layered approach which is engaging, clear and highly informative. This book has nothing in common with the multitudes of `get rich quick' books--typically largely worthless--or the hyper-technical texts that are useful only to backroom laborers. Rather, Poorvu provides advice derived from a lifetime in the real estate field designed to help the fledging understand how to enter the real estate investment world, what life is like when you do, what problems real estate businesses commonly encounter and what methodologies have succeeded for sober, successful investors who are in it for the long run. In an era of speculation and dice rolling that often results in unsatisfactory results, it is both refreshing and highly valuable advice indeed.
Ary Freilich
Professor (adjunct) of Real Estate Finance
Stern Graduate School of Business
New York University
11 of 12 people found the following review helpful:
Must-read if you are serious about real estate, 2008-02-28
If you're looking for get-rich-quick-in-real-estate-schemes-for-dummies, don't look here. A recognized authority, with extensive experience in the real world as well as in academia, Poorvu does not bore us with the "models" typical of Harvard professors, nor the empty get-rich-quick schemes of most real estate authors. Instead, he presents real life stories of people who have made successful careers in real estate, following them from their first jobs and first investments, through decisions that enable them to build on their successes, survive setbacks, and balance career and family. This book is indispensable for anyone considering a career or even an avocation in real estate.
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