Strategies For Creating Real Estate Wealth By Star Ting Small And Always Making The Right Moves Nationally Known Real Estate Expert John Schaub Learned His Craft In The Best Way Possible On The Job, And Through Every Kind Of Market Over Three Decades, He Learned To Bank Consistent Profits As He Built An Impressive Real Estate Mini Empire Building Wealth One House At A Time Reveals How Virtually Anyone Can Accumulate One Million Dollars Worth Of Houses Debtfree And Earn A Steady Cash Flow For Life Unique In That It Focuses On Buying Houses In Good Quality Neighborhoods, Schaub S Nine Step Program Includes Renting To Long Term Tenants, With Financial Incentives To Pay On Time Avoiding The Temptation Of Bigger Deals, Which Invariably Include Bigger Problems AYear Plan To Pay Off Debt And Own Houses Free And Clear Very informative, but a lot of the advice doesn t apply to our current economy. Buy at a deep discount and rent out houses and once they re paid off from the renters payments and have doubled in value, you ll have a million dollars once you sell them That s the premise anyway I m not sure if I m committed to this strategy and it seems like a lot of work and risk but it was a well written and researched book. Basic book as an introduction to buying and selling houses Has some good checklists and info on finding property, negotiating, managing tenants, etc It s a good book as an overview of how people make a living buying and selling many houses, even if they don t have a lot of money on hand. Overall, this is a great introductory book to the the world of real estate investing It is perfect for those with zero prior knowledge and wants to learnabout this niche.As someone with little prior knowledge, I definitely learnedthan I bargained for with this one book.It reminds me that outside of working, having your own business or even inheriting there is money to be made through real estate investing.Many people neglect this method by mistakenly believing that only the ultra wealthy can participate in this game But this book demonstrates how it is very possible to get started even with little of your own money down.But like any craft it does take time, practice and the right knowledge to become successful.I don t think one could immediately become a successful investor after reading this book I see itas an appetizer that s helps you decide if this is something you want to further pursue.Some limitations with this book The majority of the advice and content in this book is geared towards the american market and applies to those interested in the US market Readers interested in non american markets may need to look elsewhere forpractical advice.This book was published in 2004 With major growth and advancement in information and technology some of the advice in this book may be too dated to apply in today s market.Aside from these Limitations I was impressed how this book highlights many details and nuances to consider in this field such as Understanding Contracts and Real Estate LawsTax and Financial BenefitsLoans, Financial planning, Financial forecasting, Refinancing Property,Finding good deals, Negotiating dealsHow to manage Loans, Cash flows, Tenants etc I also liked how financial information was presented in an easy to read balance sheet form The forecast information was presented in a way that is very easy to understand even for those with no knowledge of finance and accounting.On a side note, it convinced me that real estate investing is a very smart way to make passive income With time being a valuable nonrenewable resource, it helps us avoid the concept of trading time for money.If one sets up a successful portfolio and manages it efficiently, they can accumulate millions of dollars worth of assets and earn a steady cash flow for many years to come.Forhonest book reviews come to my website www.firetoinspire.org
Is a well-known author, some of his books are a fascination for readers like in the Building Wealth One House at a Time: Making it Big on Little Deals book, this is one of the most wanted John W. Schaub author readers around the world.
- 231 pages
- Building Wealth One House at a Time: Making it Big on Little Deals
- John W. Schaub
- 04 October 2017 John W. Schaub