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Weekend Millionaire's Frequently Asked Real Estate Questions
Answers to your real estate questions to help you think, act, and invest like a millionaire In their national bestseller Weekend Millionaire's Secrets to Investing in Real Estate, Mike Summey and Roger Dawson introduced a powerful formula for making a killing in real estate in your spare time. The Weekend Millionaire Real Estate FAQ provides in-depth answers to the most frequently asked questions submitted by Mike and Roger's students. You also get advice on how to use their extremely popular Web site weekendmillionaire.com, as well as more of the proven strategies, tools, and techniques you need
272 pages, Paperback
First published January 19, 2006
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June 11, 2022
1. Wealth is an income stream
-The true measure of wealth is the size of the income stream from your investments.
2. 15 or 30 year mortgages
-Mike recommends settle loan earlier, while Gooaye recommends settle later.
3. The threshold theory
-The more thresholds you cross, and the more properties you look at and make offers on, the better your next buy will be. e.g., if you look at 100 properties before making your first purchase, it will be a good buy. If you only look at 30, then your chances of getting a good buy is much smaller. It's just a numbers game
4. Concerns on older homes - asbestos
-concern with older properties are the potential liability that may come from lead paint and asbestos. These products were used commonly in construction prior to the early 1970s.
5. Son, don't become a landlot... ?
-to prevent tenants from trashing your place, dont rent based on gutfeel, get credit reports, criminal history. In short, do background checks.
-The true measure of wealth is the size of the income stream from your investments.
2. 15 or 30 year mortgages
-Mike recommends settle loan earlier, while Gooaye recommends settle later.
3. The threshold theory
-The more thresholds you cross, and the more properties you look at and make offers on, the better your next buy will be. e.g., if you look at 100 properties before making your first purchase, it will be a good buy. If you only look at 30, then your chances of getting a good buy is much smaller. It's just a numbers game
4. Concerns on older homes - asbestos
-concern with older properties are the potential liability that may come from lead paint and asbestos. These products were used commonly in construction prior to the early 1970s.
5. Son, don't become a landlot... ?
-to prevent tenants from trashing your place, dont rent based on gutfeel, get credit reports, criminal history. In short, do background checks.
Displaying 1 of 1 review