Investing in Real Estate With Other People's Money: Proven Strategies for Turning a Small Investment into a Fortune [Paperback]

Jack Cummings (Author)

Book Description

Publication Date: October 29, 2003

Real estate wealth-building techniques that are--for once--grounded in reality instead of hyperbole

In a field rife with questionable, get-richquick schemes and scams, Jack Cummings has built a solid career out of providing real estate strategies that are sensible, logical, and achievable. Investing in Real Estate with Other People's Money features proven up-to-date strategies and techniques, with detailed examples of how to use each.

Everyone from novices to seasoned real estate pros will find useful ideas in this handson, how-to book. It provides all readers with the knowledge and fundamentals they need to become successful, including:

• How to become a real estate insider
• "No-money-down" strategies that actually make sense, with real-life examples
• Small details for increasing a property's value without spending a fortune

Editorial Reviews

From the Back Cover

A Real Estate Investing Book Based on Hard Facts and Market Realities--Instead of Outdated Economics and Wishful Thinking

Through stock market tumbles and downsizing disasters, real estate has continued to prove its value as a rock-solid financial investment that anyone can profit from. Now Investing in Real Estate with Other People's Money introduces you to literally hundreds of up-to-date, common-sense techniques you can use to build impressive real estate wealth--while putting little of your own money on the line.

Author and real estate pro Jack Cummings has spent four decades showing real estate novices how to combine easily-available information with their own initiative to achieve financial freedom in real estate. In Investing in Real Estate with Other People's Money, Cummings puts you on the road to becoming a "real estate insider" by providing you with:

• Strategies for recognizing--and beating other investors to--low-risk opportunities
• Proven, step-by-step techniques for finding new uses for tired old properties
• Methods for always making a profit, even when you sell for less than you paid!

Real estate is one of the last areas where anyone, regardless of their background or education, can start from nothing and build solid, long-term wealth. Look to Investing in Real Estate with Other People's Money for real-world, no-nonsense techniques you can use to create a lasting financial legacy--one property at a time.

About the Author

Jack Cummings is a highly successful real estate investor, broker, and developer with nearly 40 years of hands-on experience. The author of numerous books including The McGraw-Hill 36-Hour Real Estate Course, Cummings is a popular international speaker who also makes regular television and radio appearances.

Product Details

• Paperback: 388 pages
• Publisher: McGraw-Hill; 1 edition (October 29, 2003)
• Language: English
• ISBN-10: 0071426701
• ISBN-13: 978-0071426701
• Product Dimensions: 9.1 x 6 x 1 inches
• Shipping Weight: 1.1 pounds (View shipping rates and policies)
• Average Customer Review: 3.2 out of 5 stars  See all reviews (5 customer reviews)
• Amazon Best Sellers Rank: #866,726 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

22 of 24 people found the following review helpful:

3.0 out of 5 stars 3 1/2 stars, April 11, 2004

By 

J. Daily (Fort Worth, Tx United States) - See all my reviews
(VINE VOICE)    (REAL NAME)   

This review is from: Investing in Real Estate With Other People's Money: Proven Strategies for Turning a Small Investment into a Fortune (Paperback)

One reviewer obivously stopped reading. Yes Jack Cummings has a chapter on cosigning and one on borrowing against a life insurance policy, but he also has 38 other chapters on very creative ways to finance real estate. But lets face it, these books are written for novices, so cut him some slack. He's covering all bases. And there are a one or two other just as cheesy ones such as chapter 37, "The Root Beer Float" (And in fact, this type of advice is why I didnt rate the book higher - but if you can gleen a couple of ideas to use then I feel a book is worth it).

Every type of financing one could think of is covered in this book from syndication to yes, using a family cosigner. Each idea also includes possible pitfalls. I rate this book 3 1/2 stars and feel it is a solid purchase.

21 of 23 people found the following review helpful:

5.0 out of 5 stars THE best I've read, and I've read many, October 26, 2004

By 

TexanInWashington (Monroe, WA) - See all my reviews
(VINE VOICE)   

Amazon Verified Purchase

This review is from: Investing in Real Estate With Other People's Money: Proven Strategies for Turning a Small Investment into a Fortune (Paperback)

I've bought many expensive courses and books on real estate investing, from the late-night TV guru to classic books on the subject. They all have some valuable information, BUT I WOULD TRADE HAVING BOUGHT THEM ALL IN FAVOR OF THIS ONE LITTLE BOOK UNDER $20. Whereas many real estate experts turned authors would have you believe that their courses give you tricks and secrets to wealth that you won't find anywhere else, Mr. Cummings explains in detail how all of these methods of finance are used all the time in real estate and are the foundations of amazing fortunes through property. Each technique is explained with examples, benefits, and potential pitfalls, each over the course of four to five pages. You can read this book in short snippets and walk away mentally charged with the possibilities or more likely get engrossed in the reading and not break for 100 pages. This isn't pie-in-the-sky, might work for somebody else stuff. This is how it's done all the time by the people that know how to maximize their return while minimizing their risk. I'm an avid reader and for books on financial success, I would place this book at number 2 on the must-read list, right behind Robert Kiyosaki's Rich Dad, Poor Dad. That book tells you why you must turn to property. This book tells you how to do it. I can't recommend it highly enough! Great, great book! By the way, any reviewers thinking the use of OPM (other people's money) to buy property is only useful if you just crawled out of a cave or just landed on earth must have paid all cash for their houses, otherwise, they used OPM. Any kind of financing IS the use of OPM!

13 of 19 people found the following review helpful:

5.0 out of 5 stars Investing in less then a week-Great book with Excellent INFO, November 28, 2003

By 

Nielubie "nielubie" (Chicago, IL United States) - See all my reviews

This review is from: Investing in Real Estate With Other People's Money: Proven Strategies for Turning a Small Investment into a Fortune (Paperback)

I read this book in less then a week and I am already putting together a purchase proposal following this books examples. It has many great ideas and explainations of how to flip properties, using first and second mortgages to benefit you, using home equity, taking a mortgage from the seller when they have 100% equity. I have been a minor in real estate for a few years, but this book has opened my eyes to new ways and techniques that I wish I knew many years back.

Jack Cummings is a great author, easy to read and follow. Nice short chaperts.