2 Years to a Million in Real Estate (Paperback)

by Matthew Martinez (Author) "Upon reading that 80 percent of self-made millionaires made their fortunes by owning real estate, I decided that this industry was my ticket to an..." (more)
Key Phrases: baby renters, condo converters, multiple exit strategies, Lessons Learned, Los Angeles, New York (more...)

Editorial Reviews

Review

“This is the success story of an ex-dot-com employee who got tired of working long hours at a great job for 10 years and watching his fellow workers lose their jobs. He accidentally discovered real estate's market-value appreciation, leverage, tax savings, cash flow, reliability and freedom from a 9-to-5 workday. In the process, he became a multimillionaire, and he shows readers how they can have the same result.”

(Bruss, Robert J. San Francisco Chronicle. )

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

(20061208)

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Product Details

• Paperback: 256 pages
• Publisher: McGraw-Hill; 1 edition (May 12, 2006)
• Language: English
• ISBN-10: 0071471871
• ISBN-13: 978-0071471879
• Product Dimensions: 8.8 x 6 x 0.8 inches
• Shipping Weight: 11.2 ounces (View shipping rates and policies)
• Average Customer Review: 4.7 out of 5 stars See all reviews (79 customer reviews)
• Amazon.com Sales Rank: #29,398 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

31 of 31 people found the following review helpful:

5.0 out of 5 stars Practical Advice From Someone Who's Been There..., June 11, 2006

By	Benjamin P. Goodman (Boston, MA USA) - See all my reviews (REAL NAME)

In spite of the inspirational title this is NOT a get rich quick infomercial style real estate scheme. You feel the author's pain as he describes the tenant who doubled his water bill filling up the neighbor's pool. Then he explains the micro-economics of how that increase in expense effects his property value. As a real estate broker with a good grasp of the market, I found that he does both an excellent job describing property investing fundamentals, but then applying them to specific properties. I highly recommend this book.

19 of 19 people found the following review helpful:

5.0 out of 5 stars OUTSTANDING book and Here is Why....., January 1, 2007

By	Brian Slater - See all my reviews (REAL NAME)

Like most people considering buying this book, Matt did not start his real estate career with a large sum of money for down payments. He did not receive gift loans from relatives; he was simply the average American with a day job and no huge savings.

His principle is based on leverage and using OPM (other peoples money). To the skeptic and beginners the last sentence might read something like "His principles are based on taking HUGE RISKS" but this is not true. All successful real estate investors use significant leverage. But the key, which he explains is having the knowledge. Risk, is therefore, simply having a lack of knowledge on the subject and Matt is the bridge maker who will close the gap for you.


The great thing about this book is that it is "Fluff Free". Matt does not just give you a basic principle and then follow with zero detail (which is a major criticism of the great Robert Kiyosaki books). Instead, all 182 pages are packed full of "need to know" information. There are even several appendixes after the 182 pages that give you quotes, further suggested readings, and samples of letters/forms you will need in your own real estate business. I took notes the entire time I read this book and ended up with 20 pages in Microsoft Word, this book is the real deal.


One last word. Undoubtedly, like anything in the world there will always be a few skeptics. Scattered throughout all of the positive feedback on Amazon you will see a comment or two of criticism, do not let this scare you. Everyone has heard the old cliché, "misery loves company" so don't fall for into these people's traps. If you take the time to read this book and take action on what you have learned success will be inevitable.

18 of 19 people found the following review helpful:

2.0 out of 5 stars But is it credible?, November 2, 2007

By	JJ - See all my reviews

The book follows the author on his path to success through real estate management/investment. When I reached the point in the book where the author made his first real estate investment purchase in the summer of 2002 I paused to consider the housing market he succeeded in. With a copyright of 2006, the author must have generated the bulk of his successes between 2002 and late 2005/early 2006 - heady times for the real estate market. His claim that the book will "... teach you how to duplicate my achievements..." is questionable given the present housing market. If he were starting out today would he have achieved so much so fast?

The book is easy to read and I like the way points are summarized at the end of each chapter. I'm just concerned that someone whose advice is based upon an experience gained during very favorable housing market conditions might not hold up under tougher times.