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5.0 out of 5 stars
An Objective Real Estate Encyclopaedia, Jun 11 2003
This book is highly informative. Most importantly, this book is also highly objective that will give you a realistic approach in investing in real estate. It also has good discussions on the many techniques out there (including basic calculations, financing, negotiation techniques, finding bargains, leasing etc.) The authors had done a lot of research and it clearly shows. Because of the amount of information, this book will probably require a few readings before one can absorb all the amount of information. Having browse through a lot of Real Estate books, this one really could classify as the "Bible" of them all (well, as close to a bible anyway) A few suggestions: You might be interested in further your real estate education with Robert Campbell's book "Timing the Real Estate Market" to get a better sense of how to look at the real estate market objectively as well as being able to identify early warning signs. Another book is Andrew Tompos's "Analyzing Investment Properties" which will help you learn more about calculating cash flows and analyzing a property from a financial point of view etc. Good Luck!
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5.0 out of 5 stars
Highly Recommend!, April 9 2003
I have read a few Economics books for beginner, but none came close to this one. In particular, I would like to point out several strong points that clearly put this book above all else: (1) This book is systematic, clear, and concise. Most of all, everything the author explained is right to the point without any flowery illustrations that plagued most other economic books. (2) It starts out with a brief look at the major economic events in the 20th century starting from the 30's, then it deals with Macroeconomics and then Microecomics. The concepts build on one another, so that you will always have a sense of how things are actually connected with one another. The examples are also very vivid and memorable. (3) The questions that are provided at the end of each chapters are excellent in driving the concepts home. For those of you who are thinking of buying a beginner's guide to Economics, this will certainly be my first choice!
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5.0 out of 5 stars
Thorough and Informative!, Dec 28 2002
This book is very comprehensive in presenting all the different ways one could get financing from traditional bank loans to more creative ones like seller refinancing (take a look at the table of contents). Two thirds of the book focuses covers the do's and don'ts of how to establish a good relationship with the bank, what the bank would like to see, and the proper way of working with the bank. It is very insightful and the author often throws in his own experiences/insights/observations as a bank officer as anecdotes for educating the reader. In the last third of the book, the author covers other ways to get financing for your business. This book is very easy to read, very concise and to the point as well as objective. This book is indispensible for those who want to become knowledgeable with all the different types of financing options.
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3.0 out of 5 stars
Good Insights for thinking a bit more creatively, Nov 29 2002
This book provides a good introduction to real estate investing. The author shares his favorite methods for, in his words, "massively" increasing the value of real estate. It seeks to give the reader some basic method/system for finding a favorable real estate deal.
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4.0 out of 5 stars
This book is about Control, Nov 29 2002
This book's theme is on Control - Control over your emotions, over your team of advisors, preparing for the future, over your finances etc. It also discusses why it is important to prepare now and how the stock market might experience the biggest crash due to the retirement of the boomer generation. It seeks to give some insights as to how we can better prepared for the anticipated financial crisis.
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5.0 out of 5 stars
Great book on Exit Strategy, Nov 29 2002
This book focuses on the relationship between Leverage and Exit Strategies. It discusses the importance of having end goals in mind during your search for financial freedom and the different ways one can reach their end goals faster. It argues one can learn to leverage and establish end goals via expanding one's context.
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5.0 out of 5 stars
The most informative of the whole series!, Nov 29 2002
This book attempts to teach you how to think like an investor and an entrepreneur. It emphasizes the importance of having a proper system when you are building your business as well as having the right investment mentality. It summarizes how the author had started from zero to finally making it.
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5.0 out of 5 stars
Life Changing!, Nov 29 2002
This book is the follow up to the orginal Rich Dad, Poor Dad book. It seeks to explain the differences among the 4 different types of people: Employee, Self-Employed, Business Owners, and Investors. It discusses how each type has its own way of thinking and the financial advantages and disadvantages of each type.
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4.0 out of 5 stars
Eye Opening!, Nov 29 2002
This book presents 6 lessons that the author believes are the keys to getting rich. These lessons challenge how society in general thinks "normally" and attempts to present a different point of view. This book challenges the reader to become more financially literate and think in terms of "possibilities" and "opportunities". This book is worth taking a look at. You may be turned on by it or totally turned off by it. Whether or not it applies to you will depend on your needs and desire and willingness to accept its viewpoints and to change.
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5.0 out of 5 stars
There is no other quite like it!, Nov 29 2002
This is truly an unique book, there is no other quite like it in the marketplace. Personally, I appreciate this book a lot more after reading Kiyosaki's Rich Dad Poor Dad series - Rich Dad, Poor Dad, Cashflow Quadrant, Guide to Investing, etc. - (which teach you how to become rich via passive incomes & building businesses) which is exactly the same theme that is presented in this book. I highly recommended using this book IN CONJUNCTION with other books to get the full impact of it. Mr Allen's book, due to its size, has condensed a lot of concepts which you might want to study more from other books. This book is a must read for anyone who is interested in learning how to become rich. (Personal Note: There's a reading list at the end of Kiyosaki's Cashflow Quadrant which is an excellent resource for people who might be interested in learning more about the concepts that are presented in this book.) Mr. Allen, Thank you.
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