|
Title: 2 Years to a Million in Real Estate
Purchase
Item
Manufacturer: McGraw-Hill
List Price: $21.95
Our Price: $12.04
|
|
| Customer Reviews: |
| 2 Years to a Million in Real Estate by McGraw-Hill Real Estate |
| This is a great book for anyone looking to start their real estate portfolio. The author tells the story of how he began his career as a real estate investor and moved away from working his 9-5 job. This is not a get rich quick book, but how one can work hard and create independent wealth. |
| 2 Years to a Million in Real Estate by McGraw-Hill gives you the basics |
The title is a little deceptive... "2 years to a million in real estate" made me assume he is talking about INCOME within 2 years, instead he is talking about HOLDINGS... several buildings which total about a mil, which he probably owes close to a mil on.
He used a strategy to pull out equity from previous properties and his primary residence to finance his new purchases, sometimes on interest-only mortgages... high LTVs, risky stuff. I'd like to see how it's playing out right now, but if it's working and he's still able to cash flow the units, GREAT! Otherwise, I'd be a little concerned as the markets plummet 20% per year in some areas.
AT THE SAME TIME, he said that after he did a few of these, he was able to quit his job, living just on the cash flow from his properties, WHICH IS AWESOME I THINK... It's hard to make properties cash flow, especially in areas like Boston where this guy is from. If he bought in good neighborhoods, I think he did a decent job. |
| 2 Years to a Million in Real Estate by McGraw-Hill Extra Info |
| This book is definitely not a get rich quick scheme despite the title; it is a biographincal account providing lessons learned and suggestions for avoiding pitfalls and capitalizing on opportunities. Martinez does a good job of gettig that bit of extra info across to the aspiring investor who is serious about real estate. He has good ideas for helping think outside the box on financing and brings up great points about the actual process of being a landlord. I found his suggestions on leveraging capital especially helpful. A great read for the new investor/landlord or investor who has come to a wall in terms of financing additional properties. |
| 2 Years to a Million in Real Estate by McGraw-Hill Nothing New & Nothing Learned |
There is very little original content in this book. Though well written versus many of the "Make A Million" books in circulation, the basic premise of making a million dollars in two years is a sham.
Four of the first six chapters in the book track the author's first, second, third and fourth income producing property investments. At the end of those chapters, the author lists the "Value" of his rental property portfolio. The problem is, the author lists the cumulative market value of his portfolio versus the equity value of the property portfolio. By doing so, the author does not subtract his portfolio's debt total from the portfolio's market value to calculate the portfolio's true equity value.
There is a substantial difference between equity value and market value, particularly if one follows the authors advice and takes out high loan-to-value mortgages. Given the current state of the residential real estate market, with falling home values throughout the county, be very weary of taking on high debt levels with minimally positive property cash flows. |
| 2 Years to a Million in Real Estate by McGraw-Hill What a Fantastic Resource!!!! |
| I read this a couple of months ago and while I haven't purchased a property due to the tough credit crunch and some other life altering things, I plan to execute in about a year. If found that the book is an excellent guide that will get you to a much more solid financial picture if you truly follow what Matthew's footprint he has laid out. I have read some other get rich in real estate books, I just feel that this one really paints a clear picture / plan that many people can easily follow. He offers a plan that you can utilize while still working your day job. There are also many great real estate templates and examples through out the book. I feel it is up to the individual as to how far you want to take your real estate investing. This books almost feels like you have a mentor while reading it!!! Great book! |
| 2 Years to a Million in Real Estate by McGraw-Hill Product Description |
Quit your day job! Make a million in real estate! It's easier than you think! A few years ago, Matthew Martinez was a lot like you - he worked hard to make as big a salary as he could. But it wasn't enough. He worked by the clock, and yearned to be his own boss. With a small amount of savings, he acquired his first rental property. Two years later, he was making more from his rentals than he was working 9 to 5, so he quit his day job to oversee his real estate investments. Today, he enjoys a multi-million-dollar collection of income-producing properties--and he's ready to share his money-making strategies so you can begin your own journey to career and financial independence. Two Years to a Million in Real Estateshows you everything you need to know, including how to - Invest small amounts early-on while working a full-time job
- Avoid real estate “bubble” risks
- Get others to pay your mortgage for you
- Pick a hot property (and spot others that will become hot)
- Simplify the ins-and-outs of financing
- Negotiate like a pro
- Screen for reliable tenants
- Understand how local tenant laws work
- Hire good people to manage your properties
- Know when to sell
|
No item elements found in rss feed.
