Financing Secrets of a Millionaire Real Estate Investor [Illustrated] [Paperback]

William Bronchick (Author)

Book Description

Publication Date: March 17, 2003

America's real estate market remained robust even during the recession of 2001-2002, and demand is expected to increase. Research reveals that consumers are jumping on the real estate bandwagon like never before, both as investors and as homebuyers. Financing is a critical factor in structuring real estate deals, and both beginners and pros alike are hungry for information about all the options. For the first time ever, real estate attorney and best-selling author William Bronchick presents a comprehensive picture of exactly what's available. In clear, step-by-step language, he outlines: *How to understand the mortgage loan market, including the advantages and disadvantages of various types of mortgages *Which mortgages make the most sense, depending on the investor's particular situation *Legal and ethical alternative real estate financing methods, including contracts for deed and lease/options Financing Secrets of a Millionaire Real Estate Investor also includes sample forms, letters, policies, and procedures. It is the definitive insider's guide to traditional and creative real estate financing, eliminating the need for additional books on these subjects.

Editorial Reviews

Review

"This is a responsible book ... a solid primer ... it's 19 bucks well spent." -- USA Today 5-16-03

About the Author

William Bronchick, Esq., is a nationally known attorney, author, entrepreneur, and speaker. He has spoken to tens of thousands of people at seminars and conventions nationwide, including the “Get Motivated” Tour and the Learning Annex Real Estate Expo. Bronchick has been featured in countless media outlets, including CNBC’s Power Lunch, Investor’s Business Daily, USA Today, XM Satellite Radio, the Los Angeles Times, and has served as the President of the Colorado Association of Real Estate Investors since 1994. --This text refers to an alternate Paperback edition.

Product Details

• Paperback: 208 pages
• Publisher: Kaplan Publishing; illustrated edition edition (March 17, 2003)
• Language: English
• ISBN-10: 0793168201
• ISBN-13: 978-0793168200
• Product Dimensions: 8.9 x 7.2 x 0.6 inches
• Shipping Weight: 12.8 ounces
• Average Customer Review: 3.9 out of 5 stars  See all reviews (14 customer reviews)
• Amazon Best Sellers Rank: #1,103,302 in Books (See Top 100 in Books)

More About the Author

William Bronchick is an attorney and best-selling real estate author with 20 years experience. He is the president and chairman of the College of American Real Estate Investors and host of "The Real Estate Expert" radio show in Denver and Houston.

Customer Reviews

Most Helpful Customer Reviews

56 of 58 people found the following review helpful:

5.0 out of 5 stars Two thumbs way up!, March 26, 2003

By A Customer

This review is from: Financing Secrets of a Millionaire Real Estate Investor (Paperback)

This book had so many good finaning ideas, I read it three times! Whether you are buying as an investor or a homeowner, this book will show you real-life formulas for buying with little or no money. This is the first book that explains real estate financing in a way for the lay person to understand. The author, an attorney, has a real knack for making "legal jargon" understandable.

I would recommend this book to ANYONE who is either buying a home or investment property.

66 of 70 people found the following review helpful:

5.0 out of 5 stars Bronchick makes a complex subject easy to understand, June 15, 2003

By 

Delta II "Delta II" (Woodland Park, CO United States) - See all my reviews

This review is from: Financing Secrets of a Millionaire Real Estate Investor (Paperback)

Well, Bill Bronchick has done it again. Following his excellent resource Flipping Properties, he's taken the complex subject of creative real estate financing and broken it down into it's component parts and explained each one clearly and concisely in simple language anyone can understand. In the section What to Expect from this Book he says, "This book will show you how to finance properties with as little cash as possible, while maintaining minimum risk and maximum profit." And he does.

Covering such subjects as loans, mortgages, foreclosure, and working with lenders, he gives you the background you need for the later subjects of creative financing, hard and private money, getting involved in partnerships and equity sharing and the more creative subjects of lease options and owner financing.

While the book is geared primarily toward real estate investors, it is an excellent guide for any person considering buying a new home or considering doing some kind of creative financing with an investor or other buyer on a house they already own.
After reading it cover to cover (an easy task) every real estate investor should then add it to their library as a useful reference for many financing situations that may come up in this business.

17 of 17 people found the following review helpful:

3.0 out of 5 stars Great Overview, little applicable advice, January 15, 2006

By 

James Myers "KriticleSinicle" (Florida Keys (No, it stinks here)) - See all my reviews
(REAL NAME)   

This review is from: Financing Secrets of a Millionaire Real Estate Investor (Paperback)

This book was a quick and easy read, with great insight on some pretty creative financing ideas. Unfortunatley, there is little beef in regards to applying these ideas. The most difficult part about creative financing is getting the seller to buy into it. With lots of links to Bronchick's website, you kinda get the feeling your answers will come via one of his webinars and product packages ::wink wink::. despite this, I am glad I read it, and highly recommend it for the rookie who wants to learn more about real estate investing and lending. Bronchick breaks down alot of Lending "Jargon" and includes a very nice glossary and appendix. Seasoned investors will read this, stare blankly for 7 seconds and say "Duuuuh!" If there were half stars, I would give it 3&1/2 stars, But I dont think it gets a 4.