by William Bronchick
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| List Price: | $18.95 |
| Average Rating: |  |
| Lowest New Price: | $4.25 |
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Book Description
America's real estate market remained robust even during the recession of 2001-2002, and demand is expected to increase. Research reveals that consumers are jumping on the real estate bandwagon like never before, both as investors and as homebuyers. Financing is a critical factor in structuring real estate deals, and both beginners and pros alike are hungry for information about all the options. For the first time ever, real estate attorney and best-selling author William Bronchick presents a comprehensive picture of exactly what's available. In clear, step-by-step language, he outlines: *How to understand the mortgage loan market, including the advantages and disadvantages of various types of mortgages *Which mortgages make the most sense, depending on the investor's particular situation *Legal and ethical alternative real estate financing methods, including contracts for deed and lease/options Financing Secrets of a Millionaire Real Estate Investor also includes sample forms, letters, policies, and procedures. It is the definitive insider's guide to traditional and creative real estate financing, eliminating the need for additional books on these subjects.
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Average Customer Review:
0 of 0 people found the following review helpful:
 was good book for its time, 2008-07-20
Material doesn't really apply anymore but at the time it was purchased the book was educational.
13 of 18 people found the following review helpful:
 Can't say this is one of better real estate book, 2006-12-31
I have reviewed many real estate books and unfortunately this is not one of the best. The book reads almost like a dictionary in that it defines concepts more than actually how to use them. I would argue that most of the information contained in the book could be found on the web. In addition, I find it hard to justify purchasing real estate for investment using alternative financing. While I like alternative financing strategies, if a deal does not work out using conventional financing, then you have to be extra careful that you are not overleveraging or being too optimistic with your projections.
13 of 13 people found the following review helpful:
Worth the purchase but not the best book I have ever read, 2006-07-09
Pretty good book. A few new ideas that I haven't heard of before. However, still a little hard for the "common man" to accomplish most of their ideas. This book, along with the other 8 that I own, still defaults back to the basics, and that is, "It takes money to make money".
Most of these books will tell us that it is possible to make money with little liquid assets in the bank, but from my experience I have found otherwise. It seems that it takes very good credit, Beacon of 700+, and/or enough liquid assets to back your current purchase (I.e. $20,000 in the bank AFTER closing on a $150-200k property if your Beacon score is between 660-695).
I still enjoy reading these books for the ideas and how they think outside the box, thus making us do the same thing while reading their books.
I feel it is worth the purchase since he doesn't seem to repeat the same story-lines as all other books. However, this book still isn't the miracle maker and giving you a breakthrough idea that will take your business to the next level.
I am still in search of the Real-estate business book that will give me some ideas of how I can get my real-estate business to the next level. I currently own 9 units. So, if you have any ideas, please email them to me at MrNova70@yahoo.com and mark the email header as "Your Amazon review" just so I don't mark your email as spam without reading it.
Thank you for your time. Good luck with your adventure!
6 of 19 people found the following review helpful:
 In Defense of "Self-Improvement Products", 2006-05-29
I have not yet read this book, yet as someone who has this one on my "must-read" list and has read a lot of business and investing "how-to" books (much to my benefit), I feel compelled to respond to the reviewer who identifies herself as "Miss Stress".
Is this author and those like him "just selling dreams"? Well, to answer that, let me point out something I've observed: The term 'dreams' is most often used by those who possess an unfortunate discord between intentions and actions. I hear quotes like "it's okay to have dreams" and "this guy's just selling dreams" most often repeated by people who don't have the intestinal fortitude to set a challenging goal and to then turn the goal into action. Action oriented people are too busy creating compelling realities to waste time with excessive dreaming.
By the same token, action oriented people need a blueprint for taking effective action. That's where books like these can pay huge dividends. Believe me, I've learned incredible amounts of information that saved me time, money and heartache by reading books and listening to tapes where authors are sharing their wisdom within a complex context.
You're right about one thing: Success doesn't come without hard work. But the author has shown me that he's inclined to working hard because he's written and is now promoting a book. Do you really think that's as easy as changing a few words that have been written already and then watching the money roll in? Have you ever written a book, gotten it published and then promoted it effectively enough to turn a profit?
Did you know that over eighty percent of infomercials lose money? I guess that means that creating and airing a successful infomercial is... let me guess... hard work? ... takes creativity?... is inherently risky?... sort of like real estate investing?
Does it look like Donald Trump doesn't work hard? I've heard the guy doesn't take vacations. It probably has something to do with the fact that he loves what he's doing. He's living his dreams. And if you try to tell me it's just because he was born with "a silver spoon in his mouth" - let me point out that his daddy never made a single change to the Manhattan skyline. That's a tough market to crack and he did it with creative financing and a whole lot of other savvy moves (similar to the one's taught in these books).
I resent the reviewers like you who refer to people that are educating themselves as "suckers". And the only thing that's "pathetic" are fearful people who read these books, don't learn anything from them, never take action, and then have the nerve to bad-mouth the books and the authors. I have some advice for you: Stop watching CNN and go make a real estate deal based on the info. you've read.
2 of 8 people found the following review helpful:
Haven't read the book yet, but to the reviewer who slammed this...., 2006-04-26
All reviews from the person bashing this book seem to be solely against anything offering information on real estate investing technique while they don't seem to have actually read the book or done any such investing themselves. There's nothing wrong with a little hype (as long as there's some substance to it), and there's nothing wrong with buying a few books that offer potential to make a lot of money IF (and I do mean, IF) you're willing to take the time and energy to make things happen. I stopped listening to people who said "it couldn't be done" and have been doing things to amaze them ever since, solely because I knew that incredible stuff can happen if you actually put your mind to work for business ideas and don't expect anyone else to do the work for you. Seems that this reviewer bought into an infomercial course, thought it would guarantee riches with minimal work or thought and now has a grudge against anything that claims to help you learn how to make a lot of money in an industry (particularly real estate). Yes, I've bought a few books that were more hype than practical application, but when you sift through and take a bit of different authors' theories you can put together your own plan for success. And, to the statement that this book is just a rehasing of existing ideas, tell me where I can find this perfect book that has every valid point on property investment from the original creator of the ideas because I'd sure like to see it! Then my library of RE investing books would be one manual instead of 20, giving a lot more space for my wife to put up her knick-knacks.
All in all, I'm buying this book because I need more ideas for creative property financing for investing in single-family homes - I don't expect this to make me rich by sitting on my duff, but I do hope to learn a few things that will help me to become even more successful. If not, all I've lost is a few hours' time and the money it would cost for a decent lunch, which isn't too much to ask for even if you only learn a few things.
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