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Most Helpful Customer Reviews
38 of 41 people found the following review helpful:
3.0 out of 5 stars
Good ideas,
This review is from: Fortune At Your Feet: How You Can Get rich, Stay Rich and Enjoy Being Rich with Creative Real Estate in the '90s, Revised Edition (Hardcover)
Call me Doubting Thomas, but I question Kessler's claim of making a million dollars in a lease option with only a hundred dollars after the war while he was in a wheelchair. Still, I feel that he does present some good, creative ideas (though many of them somewhat vaguely) in his book. And HE certainly knows his material. There's no doubt about that. Still, I'm somewhat bothered by the letter from his company I received in the mail, saying that I could have that ol' purported billionaire serve as my mentor, only to find it would be someone else, be on the phone, and cost me 5 grand. Now, 5 grand might be chump change to a billionaire, especially if he lives in a pricey neighborhood in California or New York; but to a beginning investor on a shoe-string budget, it might mean the difference from positive to negative cash flow, or even bankruptcy. It doesn't seem to promote that win-win mentality that he professes so dearly; it's more like win (him) - lose (me). With that same five grand in my neck of the woods, I could put down a 20 percent deposit on a foreclosed two-family that needs some work and could be fixed-up, re-financed (pulling the money back out for the repairs and down payment while still maintaining 20 percent equity in it), and still receive a good, positive cash flow. Or a single-family that could be lease-optioned out afterwards. Overall, I would have to say I liked his book, and say it rates at least a 3, maybe a 4 over-all. On more complicated aspects of real estate, like 1031 exchanges, which was a gray area for me as a somewhat novice, I'd say it rates a 4.5 (nothing is perfect). Still, I enjoyed Robert Allen's book "Nothing Down for the 90s" much more, though. John Ross's book "Lease Purchase America" was enjoyable too, covering the nuts and bolts of small property purchases and selling, using lease-options.
32 of 36 people found the following review helpful:
2.0 out of 5 stars
"I should have used my time more wisely",
By
This review is from: A Fortune at Your Feet (Hardcover)
I have read the name A.D. Kessler recommended by many famous creative real estate entreprenuers, thus, I hoped for much more. This book starts out with real estate definitions. These definitions are made much clearer in a standard real estate textbook. The majority of the book is spent giving examples of others creative exploits. Little information is given on actually becoming a creative investor. Perhaps part of the problem was the fact that this book was written twenty-one years ago. I'll bet even if this were the most updated version there would still be much better books out there. Even though there are only 270+ pages, I struggled to finish reading it. There is actually a lot of information within these pages. I've just already read much better. Save your time and money. Avoid this book.
22 of 25 people found the following review helpful:
5.0 out of 5 stars
Fortune At Your Feet,
By Jon Richards (San Francisco, CA United States) - See all my reviews
This review is from: A Fortune at Your Feet: Millennium II Edition: How You Can Get Rich, Stay Rich, and Enjoy Being Rich with Creative Real Estate (Paperback)
I teach a beginning real estate class at the College of Alameda, in CA. I use this book as a text. Mr. Kessler's presents an excellent introduction to investing because it focuses on the importance of people, not the technical aspects of property analysis. He presents powerful and unique ways for the average investor to create "good deals" when buying real estate. By focusing on finding sellers who have a problem, and teaching the readers to be problem solvers, this book becomes a valuable resource for the real estate entrepreneur. If you can solve people problems with creative purchases, you don't need extensive analytical tools. In fact, if you can't analyze a real estate purchase on a napkin, it is probably not a doable deal. My students like the author's emphasis on what wealth is and how to maintain it. And they love the "real world" examples. We discuss and elaborate on them in class every week. I highly recommend the book. Jon Richards
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