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The Weekend Millionaire's Secrets to Investing in Real Estate: How to Become Wealthy in Your Spare Time
"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:
304 pages, Paperback
First published September 15, 2003
6 people are currently reading
175 people want to read
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Displaying 1 - 8 of 8 reviews
June 13, 2019
Lots of good principles to get a beginning real estate investor going.
March 10, 2024
Good book, but focused on US market.
November 9, 2018
I loved the audiobook. I think the best part about this for me was listening to the two narrators - One with a southern drawl and the other with something like an Aussie accent. It's really shocking how a narrator can effect an audiobook.
Surprisingly for me, there was a good chunk of the book dedicated to negotiating tactics. There's meat for salespeople in here, not just realtors or real estate industry folks. I think the book is worth going through just for this. It also goes into building a network, focusing on your search (a low-tier house in a great neighborhood), and then instituting something like the BRRR method (Josh Dorkin, Brandon Turner). Never hurts to have a reminder of the generally accepted method!
Of course, there's the standard real estate investing talk: That it's better than stocks, that it constantly delivers as you pay off notes, etc. Anyone who's read a few real estate books will be familiar with the speech. I especially enjoyed the step-by-step guide to your first weekends near the end.
Overall, the authors touch on a large amount of items briefly, but no one in depth. I would recommend this book for beginner and intermediate real estate investors or want-to-bes.
Surprisingly for me, there was a good chunk of the book dedicated to negotiating tactics. There's meat for salespeople in here, not just realtors or real estate industry folks. I think the book is worth going through just for this. It also goes into building a network, focusing on your search (a low-tier house in a great neighborhood), and then instituting something like the BRRR method (Josh Dorkin, Brandon Turner). Never hurts to have a reminder of the generally accepted method!
Of course, there's the standard real estate investing talk: That it's better than stocks, that it constantly delivers as you pay off notes, etc. Anyone who's read a few real estate books will be familiar with the speech. I especially enjoyed the step-by-step guide to your first weekends near the end.
Overall, the authors touch on a large amount of items briefly, but no one in depth. I would recommend this book for beginner and intermediate real estate investors or want-to-bes.
November 1, 2007
Mike Summey and Roger Dawson explain the right way to buy and hold rental properties - including not being a landlord. Mike gives good examples on how to be creative in your offers to give you a better chance at closing deals, even instances where you can pay the seller their full asking price when the terms are right, like 0% interest!
August 4, 2011
I have not implemented the ideas in this book, however, I have read a lot of real estate investing books. This one gives the best step by step, down to earth, full instructions to legitimate real estate investment. It's not a book long infomercial to some $10,000 seminar like many other real estate books.
November 16, 2014
Good stuff, especially the parts on negotiation, but some of the material is difficult to apply in places where the cash flow just isn't there, like Southern California.
March 13, 2013
Eye opening advice on how true wealth can be established through long-term real estate investment.
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February 21, 2018Mike and Roger put togheher a book about principles, mindset, negotiation, budgeting, investing, and goals while following the real estate path.
Real estate is a numbers game, and you must know well your numbers. The book highlights the key details needed to make a good deal.
When you spot a good opportunity, must see profit by first year, must understand property value, make the inspection and calculate the Net Operating Income or ROI.
You must know how to say no to the proposal, how to make your due diligence. You have access to a step by step guide on what you need to do, structure a win-win proposal, negotiate the transaction, manage and maintain proprieties for increased returns, possible mistakes and how to deal in various situations.
Super easy to follow and greatly recommended if you are interested to enter in the field.
Real estate is a numbers game, and you must know well your numbers. The book highlights the key details needed to make a good deal.
When you spot a good opportunity, must see profit by first year, must understand property value, make the inspection and calculate the Net Operating Income or ROI.
You must know how to say no to the proposal, how to make your due diligence. You have access to a step by step guide on what you need to do, structure a win-win proposal, negotiate the transaction, manage and maintain proprieties for increased returns, possible mistakes and how to deal in various situations.
Super easy to follow and greatly recommended if you are interested to enter in the field.
Displaying 1 - 8 of 8 reviews