How To Make Millions In Real Estate In Three Years [Mass Market Paperback]

 

 

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I read it, and I agree with most of the disapointed people out there. But I have to admit, it motivated me to look into this subject even deeper. It also sparked my dreams. It also made me believe that achieving real estate riches is possible. If you don't have a dream you don't have motivation to make dreams a reality. I also found that ONE book doesn't cut it. Just like a medical Dr. didn't read one book and was instantly a surgeon!

For everyone who is disapointed, just look on the bright side. There is way more than just simply investing in real estate. There are legal, financial and personal issues. Hicks just opened some ideas and our minds to think about investment wholistically. It is not a simple subject and now it's up to everyone to take it upon themselves to do more research and invest more time to educate yourself.

This is just one book. I suggest not to get this book, but for someone who is just begining, then by all means, this may help you out.

Readers, If you are curious about real estate investing, then take my word for it, this book is NOT what you are looking for.
The author spends the whole time pretty much giving you a pep talk about just getting out and and making offers to people for a hundred percent plus in financing and while im not saying that you couldnt get that, I am saying that this book does not tell you anything that a little common sense wouldnt tell you. And common sense is free. Plus the whole book is like one big plug for the authors other businesses that hes trying to sell you. I felt like I paid money for an infomercial!!!! I dont know what book to recommend to you, dear reader, but this is NOT it.
Thanks for your time.

I gave this book five stars for two reasons. First, I wanted to offset some of the one-star reviews here, which I think are unwarranted. More importantly, however, this book is truly one of the best introductory texts available for those just starting in real estate investing. If you are a total newbie to the subject, this book will help you get started. It's an excellent motivational text. Half the battle of starting in real estate investing, or any endeavor for that matter, is getting your head in the right place to start thinking like an investor, and having the confidence to take the educated risks you'll need to be successful. Hicks gives the reader the encouragement they need to do this. He presents a decent overview of the opportunities in real estate investing, with some interesting ideas on how to take advantage of those opportunities. All too often texts of this variety fall into the "business cult" trap, where the reader is encouraged to follow the author's way of doing things without any other information or consultation. The dangers are glossed over in favor of built-up rewards. Despite what his other critics might say, Hicks avoids this pitfall. He dedicates an entire chapter to mistakes beginners make in real estate, and he includes some really good, basic advice, some of which might not be blatantly obvious for those who are just starting out. He constantly admonishes the reader to consult with a competent attorney, a CPA, their local laws and regulations, and to further educate themselves in the field in order to avoid other dangers, and maximize other rewards, that you simply can't learn about until you've started applying the fundamentals towards your own unique investing situation. He includes a recommended reading list for further information. Half the materials he recommends are written and published by other authors (due to the dated nature of his material, however, most of these books are out-of-print, although you can easily find similar resources by searching for his recommended titles on Amazon), and the other half are from his own publications. There are several references throughout the text to these publications, but almost all of them are made in the letters he cites as examples of people who have tried this technique such-and-such a way. These letters add understanding to the text beyond just being used as an advertisement for his previously-published materials. The references he makes to his own publications outside of the recommended reading list simply say, "Look here for more information on this specific topic," which is a common, perfectly acceptable practice for an author, especially when he is writing a broad overview of a subject, like he does here, and he doesn't have the space to go into detail on a specific subject that takes up an entire book by itself. He also makes himself available by phone for questions, especially for more detailed consultation regarding your own implementation of his techniques, any problems you might encounter, etc. Even if you decide not to work with him as a mentor, that's a pretty impressive testament to the fact he's not just out to take your money and run, but wants to see you succeed using his techniques.

This is probably where the controversy over Ty Hicks stems from. Many readers mistakenly believe that they can indeed read this one book and make millions in real estate in three years. Ty Hicks does not claim this, and it is no wonder when some of his readers are so deeply disappointed when this belief does not materialize. Hicks does claim you can make a fortune in real estate if you're willing to study, work, and stay motivated. He offers many more materials to help in this learning process, and sure, he makes money off of them. Good thing for us; if business people didn't make money off of telling us how they do things, they'd spend all their time investing for themselves and we'd never learn how to share in the wealth. You don't necessarily need Ty Hicks' other materials to be successful, however. What you're really paying for in buying his other materials is the personal encouragement and mentorship of Ty Hicks. If you need that sort of mentor to help guide your efforts (and some people do), that's fine. If not, you can find the additional information you need to educate yourself further about real estate investing from other, less expensive sources.

For those just starting out, who need a little motivation with their information, you can't go wrong with this book. It's just the beginning of your education in real estate investing, though! Supplement it with books like "Investing in Real Estate, 4th Edition" by Andrew McLean, "Real Estate Finance & Investment Manual" by Jack Cummings, "Landlording" by Leigh Robinson, "The Complete Guide to Buying & Selling Apartment Buildings" by Steve Berges, "Real Estate Investor's Tax Guide 4th Edition" by Vernon Hoven, and if you want to lay down some cash for an exhaustive, detailed, expansive collection of sample forms and calculation techniques, get the "Real Estate Investment & Acquisition Workbook" by Howard Zuckerman.

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1.0 out of 5 stars I am now dumber for having read this!!!
I am shocked that a friend of mine recommended this book. I just read the first 50 pages and I am honestly considering burning this waste of paper. Read more

Published on April 12 2004

1.0 out of 5 stars i agree--there needss to be a zero star option
If you want all the "information" in this book pick up Real Estate Riches by Dolf De Roos. Read more

Published on Mar 2 2004 by Jerry D. Sofley Jr.

5.0 out of 5 stars Motivation. Not How-To
This isn't exactly a step by step, how to buy, what to say word for word kind of book. I see people scan the book, look for five minutes on the internet for apartments, houses,... Read more

Published on Feb 29 2004 by stromme

1.0 out of 5 stars Not realistic using his method
At the end of the book he gives you the plan to make it. It boils down to finding extreme good deal one after another in increasing value and using the equity of the last deal to... Read more

Published on Jan 5 2004

1.0 out of 5 stars How to read a piece of trash in 3 days with $10 down!!!
1 Star is really misleading, it implies some value, we need a 0 star option. I have read several real estate books, and they all have something to teach you. Read more

Published on Jan 4 2004 by Leonardo Newton Einstein

1.0 out of 5 stars Little information ---too much hype
This book by Hicks is nothing more than quick and glib sayings and pie in the sky real estate dreams. Save your money. (...) This book is a waste of spare time.

Published on Dec 28 2003 by Michael LaPray

3.0 out of 5 stars A few good bits of info(mercial)
I must say the other reviewers shouldn't be so disappointed in the contents of the book. I am afraid most people in the world (and certainly in my country, America) are looking... Read more

Published on Sep 15 2003 by Nathan Donaldson

1.0 out of 5 stars A pure waste of paper and ink.
This book is simply one of those late night infomercials in print version. It's all TOO GOOD TO BE TRUE! Read more

Published on Sep 4 2003 by francofemme

1.0 out of 5 stars I am SO disappointed!!!
I bought this book without reading any reviews and found it to be a complete waste of time. Mr. Hicks recommends borrowing money "to the hilt" in order to finance real-estate... Read more

Published on Jun 6 2003

1.0 out of 5 stars The Worst ... in Publications!!
Very Vague! Hicks refers to other books and publications for the reader to buy. Why book another book when we bought this book seeking answers? Read more

Published on May 16 2003

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