Be a Real Estate Millionaire: Secret Strategies To Lifetime Wealth Today

Be a Real Estate Millionaire will teach you Dean Graziosi's personal strategies for turning real estate "losers" into winners. Discover the seven keys to uncovering "hidden real estate values." Learn to identify the five types of real estate markets and the right strategy for each. Take Dean's local market analysis test to determine the exact nature of your local real estate market. Receive Dean's unique formula for win-win-win real estate transactions and experience how you can make money while helping others make money, too. Let Dean share his strategies and secrets and help you become a real estate millionaire today. Read and act on Dean's advice and you too will become a real estate millionaire. Discover the Seven Keys to Hidden Real Estate Values Find the Seller's "Magic Buttons" Learn How to Identify the Five Types of Real Estate Markets Take the Local Market Analysis Test Match the Proper Strategy with Your Local Market

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All Customer Reviews
Average Customer Review:
0 of 1 people found the following review helpful:

outstanding, down to facts book, 2010-02-12
this book will change the way you think. it will make you money if you are willing to put the time into it. he is one of the most inspiring authors out there with cutting edge information.


1 of 1 people found the following review helpful:

dont buy his book it will be a big mistake, 2010-02-09
This guy is an infomercial guy, that's how he makes money. He tries to promote a course in real estate and he charges way to much and he also has coaches, they are promoted with a company called pmi, they send you to a tax club who also charges way to much and will also make falsifying information and promise a tax break and when tax season comes get ready to be shocked you will be 8000.00 dollars in the whole for a tuition based class that pretty much shows you how to put in ad in the paper about selling a house (I sell homes below market value 90 to 95% of value.) duh!! When the tax club promises a break as well, you will pay them and your stuck with whole amount.Why do you need a tax club before you have customers? This is why people believe they are getting there money back. You can only get some of the money back if you make some money. The Tax Club is his biggest downfall


3 of 3 people found the following review helpful:

Complete Rip Off, 2010-01-21
Here i am up at 4 in the mourning watching another stupid infomercial for this stupid book. If you have your heart set on reading this book then check it out at your local library, DO NOT ORDER IT FROM THE INFORMERCIAL. Once they have your credit card number you are bombarded by an onslaught of hidden charges. the only way to stop the charges is to cancel your credit/debit card and order a new one. Secondly, lets apply a little common sense here, if this dean character was really making millions from buying and selling real estate then he would be putting his effort towards closing deals. Instead, he is spending at least $100,000 per half hour advertising his useless book on tv. The truth is dean is making all his money from conning suckers into buying his useless book. The fact of the matter is dean doesn't know a damn thing about real estate and he has never closed a single deal in his life. The book is crammed with useless motivational nonsense. If i wanted to be motivated i would buy a motivational book. I borrowed the book from my local library to learn about real estate. the book only had one chapter about real estate that covered basic terminology and nothing applicable. There isn't any strategies or techniques or valuable information contained in the book. It isn't worth the paper it is printed on. Talk about a total waste of trees. Only a total brain dead fool would invest in real estate right now!!! The market is dead!!! don't be a fool and let dean trick you into believing you can make millions in real estate. you can only LOSE millions!!!!


5 of 5 people found the following review helpful:

What Dean wants is thousands of dollars from you to start!!, 2009-10-22
DON'T FALL INTO THIS TRAP!!!!!!!!!!!!
Dean is a very good speaker and yes he is a millionaire, because after he sells his book to you someone will call you to ask a few questions and "if you qualify" they will take you by the hand on your first 5-6 deals.
Do you know how to qualify? They ask you how much you are currently making, if you have availability in a credit line, or a credit card, because to start making money you have to invest. I asked how much money he was talking about; he said minimun $10,000 TO $15,000 to get started "conservatively" and if you want to talk to Dean $25,000.00 !!!!!!!!!!! With that money, I can put a down payment on a property and buy it myself, and have equity after the moment I close. He thinks we are STUPID! When I told him we wanted to start with "NO MONEY DOWN" and no investment of our part HE HUNG UP ON ME!!!! and moved on to his next victim!!!!!!!! PATHETIC!!!!!!!


5 of 6 people found the following review helpful:

Be A Real Estate Millionaire - Covers some Basics, But Glosses Over Risks Of Real Estate Investing, 2009-09-23
Be a Real Estate Millionaire: Secret Strategies To Lifetime Wealth Today is a good book if what you need is a "pep talk" to get motivated to start investing in real estate. This is not a great book for those with real estate knowledge or experience at the intermediate level or above. And it's definitely not a book for those who are expecting the "secret strategies" that will allow them to become true millionaires in real estate.

Over the past 3-4 months, I have read this book twice. That should be an indication that despite my initial concerns this book does contain some real content. The problem is that it does not deliver on the promise of the title, "Be A Real Estate Millionaire."

Let's define what being a millionaire really means as far as real estate is concerned. Owning an over-leveraged pile of real estate that is valued at a million dollars does not make anybody a millionaire, in my opinion. Having earned a million dollars in cash or having a million dollars in real estate income would. I think one would be hard pressed to say that the rather basic strategies included here would help somebody achieve that. You would need a lot more knowledge and the experience that usually comes painfully.

THE CONTENT

Part one acts as an introduction, and chapters 3 and 4 have some economic forecasting advice to help people identify national and local trends affecting real estate. I wonder if this kind of analysis is too difficult to perform accurately enough to be valuable, especially for novices.

The sections on motivating yourself are actually ok even if they include plenty of obvious boiler-plate information. Not everybody thinks motivational content is valuable but I do. Part two, from chapters 7 through 11, contains most of this, but more is scattered throughout. Dean manages to cover a lot of ground at a high level. If you believe in the "KISS" method, this is a good thing. If you want detailed real estate information, you can probably skip that section. The main problem with this content is that many readers of this book are probably not looking for it, and those that are have probably already gotten a lot of it from Dean's other books. Not having read his other books, I took it for what it was worth.

Part three is where we start to get more raw data. There's still plenty of filler though. Dean constantly points readers to his website for more information. In a few places his solution for problems is to advise us to "google" the information or use otherwise obvious sources that do not seem like they should even deserve mention. There is a lot of information covered here, but it is covered at a very high level. Anybody looking to do serious real estate investing would have to get much more information than this to move forward.

THE CONCERNS

Actually, this book could easily be re-titled, "Try to get lucky in real estate, and possibly lose your shirt." That's because this book covers a number of "perfect storm" scenarios that are simply not common or representative of the risks of investing in real estate. Here, we have countless examples of contractors and handy-men that do fantastic work on-time and under-budget. It doesn't take a genius to realize that those scenarios are not the norm when undertaking even minor repairs. We also have examples of sellers signing over their deeds for a measly $100, or taking a small sum to walk away from properties that contain tens of thousands of dollars in equity. While these things might be possible, they are not probable. Most people are not just going to sell you a property for pennies after they've invested five or six figures in it, even if they stand to lose everything. If any of those people had consulted an attorney those "deals" would have probably never been made.

In fact, several of the examples Dean uses of deals where he has made money are repeated throughout the book. I have no doubt he has had successful deals. But when you read between the lines it seems like many of them could have gone the other way. As the old phrase goes, "It's better to be lucky than good."

For example, in Chapter 17 on pre-foreclosures, REOs and short sales, there is an example of how Dean purchased a lien worth $145K for only a fraction of that amount. He then went on to have the original owners sign over the deed to him for nothing. In his example, his investment worked out very profitably. But what if the original owners told him to take a hike and filed for bankruptcy instead? And what if there were other liens on the property that weren't known till Dean went to sell? Those are serious (and common) obstacles one would have to overcome when doing these kinds of deals. They might not happen all the time, but the fact that these things are not mentioned is a cause for concern.

Which really leads me to my biggest concern about this book. A large portion of the ideas discussed here are only profitable because they involve strategies for obtaining properties for less than the true market value. That's good investing; "buy low and sell high" applies just as much to real estate as it does to any market.

The problem is that several examples included in this book seemed unethical to me. They may not be unethical to all observers, but I would not be comfortable buying somebody dinner to sign over their deed to me. I think this book is a good text for people in pre-foreclosure and foreclosure. At least they will know what they are up against. Dean goes to great lengths to euphemistically characterize those scenarios as "solving somebody's problem for them." Believe me that no matter how you paint it a large portion of the "instant equity" in many of these deals should have belonged to the original owners were it not for the double standards that make lenders more willing to negotiate with strangers than the long-time owners of these properties.

Other times, it's clear that this book covers too much ground at too little detail to be useful. There is a section where Dean discusses the need to seek professional guidance from lawyers, accountants and others. There is almost no information on how to evaluate the skills or competence of these professionals. In one section, Dean suggests that in order to identify a good property management company we should "check out similar properties that seem well run. Ask tenants whether they are satisfied. Call the owners and ask them how satisfied they are with the management company. Then ask for the name of the property manager. (p. 265)" In my opinion anybody who needs a book to tell them to "ask around" to identify such a company should not be involved in real estate at all.

CONCLUSION

While I do think there is more value in this book than many other business books out there, that is not saying too much. This book is a decent primer, but points beginners in many risky directions. There is no risk-management component of this book, and no advice on how to deal with things when they go wrong. The closest thing to a warning we get is on p. 259, "Never, ever let your tenants move into your properties without paying the entire amount of (prorated) rent and security deposit. I did this once and got burned." Stating the obvious is simply not enough to help beginner avoid all the risks of being investors and land-lords in real estate.

Those with an open mind can still get some value out of some of the advice here, but the amount of time it's going to take people to take it is also not covered. It may take you years to fix your credit or do the things you need to do in order to invest in real estate. Do not read this book expecting secrets that will help you get rich quickly in real estate.

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