Customer Reviews

Making Big Money Investing in Real Estate: Without Tenants, Banks, or Rehab Projects

5 star:		(34)
4 star:		(9)
3 star:		(1)
2 star:		(3)
1 star:		(12)

 

 

My friend recommended this GREAT book to me because it was nominated one of the Top 10 Real Estate Books of the Year by a real estate lawyer who writes a news paper column reveiwing real estate books.

I read the book and really LOVED it. I'm relatively new to investing, but I have been studying up on it by reading a lot of books on the topic and this book really stands out as one of the better ones. It has tons of great content & information on how to invest in real estate, as opposed to some other books out there that I thought were full of fluff. It was very motivational too. I liked the easy to read, non-technical, plain language. It was easy to understand.

I liked this book a lot, so I bought the authors' next book, on investing in foreclosures too, called "Making Big Money Investing In Foreclosures Without Cash or Credit." So far that one is very good too!

I would definately recommend these books to any person interested in investing in real estate.

I have read both of Peter Conti's books and received personal instruction from him at a seminar in Colorado.

You will find no useful additional material in his new book. Their techniques only have a slim possibility of working in locations of the country where real estate prices are rising rapidly. The current economy makes this even more difficult to achieve.

I live in a area of the Midwest where I didn't make a dime after a year of following Peter's strategy outlined in the book. Watch out for these guys, their techniques and false promises.

The book can easily be summed up as follows: Lease options can trigger the "due on sale" clause of the mortgage which can lead to serious complications. You own personal finances including your home could be jeopardized.

The reaction of Peter's company to critical book reviews in the past has been to E-Mail former students asking them to post positive responses to bury reviews like this further down in the list. They sent out an E-Mail to their students on July 16 ... notice how 'magically' 18 reviews were posted the same day?

Buyer beware. I feel there are much better resources on Amazon than this book.

I got the book about a week ago. I have read it a couple of times and taking a few notes. It was an easy read.

My goal is to have my first property in 3-4 months. The reason I picked so far out as a goal is because I have a new 4 mo. old daughter. Otherwise I probably would have said a month and a half... I will right back and let you know how it is going...

On another note about all the reviews... It seems to me that all the students did 5 outta 5 stars and anyone who either hasn't read it or been able to buy any property gave the book a 1 star. It seems to me people who have not, at the very least, read the book, should not comment on the book... Ranting does not help anything. Anyway, like I said, I'll let you know how it goes... I'll write back in a month...

Suggested by "National Real Estate Investor" online.

The title gives you all you need to know about this text if you have any intuitive sense and that is, keep looking. The book presents itself as a simple, EASY way to increase your wealth and it sounds too good to be true for good reason.

After looking at the good and bad reviews,I see this book is a set up. Thank you for telling me the truth, those who told the reality of this book and where the 5 star reviews came from. I am to get a call from these guys this morning. I may just let it ring.

This book is extremely informative and easy to follow. In addition to the excellent advice and true life experiences, Peter and David offer extensive assistance through the web sites mentioned throughout the book. You can get a very good education and have many hard to find tools at your disposal by following the leads. They also seem to actually care if you are successful in your endeavors by sending info, free info, by email. Worth much more than I paid for the book.

I have been to a Finkel and Conti seminar and have read this book. Fortunetaly, I did not pay for the book. They provide no useful information, and promote practices which can be considered highly unethical. I am a real estate agent and a full time investor. If you really want to be an investor, buy ONE book, find someone who is already actively investing, and learn from them.

I read this book earlier this year and went out to try out the techniques. It was much more pain than I had ever imagined, and as an ex consultant I was prepared for the worst! The book is definitely nicely dressed, but now I have no faith in its value. I wasted 6 months of my time and the opportunity cost of such foolish ventures is too high for me.

Finished reading this book quickly and am very interested in starting a RE investing career. The Authors paint a lovely picture of financial freedom. The purchase option lease in theory sounds very inticing.
I have 3 problems:
1) They never give you the language to use in with the seller in hammering out a contract. And knowing the bare minimum about investing in real Estate I am thinking you need some VERY specific legal language in any kind of deal like this. So now, i need to go about paying a real estate lawyer a big chunk of change to write the contract for me? And this can be done overnight? Before the owner changes his mind..?
2) It could take literally months and months to find a tenant-buyer - and then what, $2,000 a month that I dont have is coming out of my pocket?
3) The big red flag here: - I had come to the review section looking for some honest feedback - And then proceed to find about 30 of the 50 reviews all posted on or about July 16, 2002.
And 90% all give 5 stars. Unfortunately Ive become more skeptical because of this.. And not many actual testimonials of people giving actual sucess stories.. Only things like "what a great book" and "the best real estate book money can buy" etc etc