Magic Bullets in Real Estate [Paperback]

Thomas Daniel Auito (Author)

Book Description

Publication Date: September 1, 2004

If you want to make it in the real estate business without reading dozens of books, spending endless hours in classes, and dropping bundles on unwise investments, look no further than Magic Bullets in Real Estate. Information-packed, this book reveals proven secret strategies in a unique, reality-based approach. This invaluable resource shows how every person can live a life of prosperity and security. It details a concrete plan to find, negotiate, contract, buy, sell, rehabilitate, and flip properties - as well as manage tenants, taxes, and trades people.

Editorial Reviews

About the Author

Dan Aiuto is a dual licensed real estate agent and appraisal assistant. In addition to being a 20-year veteran of the United States Coast Guard, Dan has also founded a non-profit drug prevention corporation, a real estate consulting group and is an author. Dan lives with his wife, Kimberly, and their two children on the emerald isle of Kodiak Island, Alaska.

Product Details

• Paperback: 290 pages
• Publisher: Hathshire Press; Edition Unstated edition (September 1, 2004)
• Language: English
• ISBN-10: 0974002003
• ISBN-13: 978-0974002002
• Product Dimensions: 8.9 x 5.9 x 0.9 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars  See all reviews (8 customer reviews)
• Amazon Best Sellers Rank: #238,706 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

12 of 12 people found the following review helpful:

4.0 out of 5 stars Let Dan Auito Show You the Ropes of Real Estate Investment, January 4, 2005

By 

Bryan Carey "Bryan Carey" (Houston, TX) - See all my reviews
(VINE VOICE)    (TOP 1000 REVIEWER)    (REAL NAME)   

This review is from: Magic Bullets in Real Estate (Paperback)

Investing in the real estate field is often viewed as something worthwhile, but time- consuming and expensive. When most people think about investing in real estate, they conjure up visions of expensive condominiums, high- rise luxury apartments, and huge houses with thousands of square footage. We automatically put our guard into place when someone mentions real estate because we think it takes large amounts of wealth to succeed. But as author Dan Auito demonstrates in this book, real estate investing is not strictly a rich person's game. It is a career field that is within the grasp of ordinary people and success can be achieved with a minimal amount of money.

With this book as your guide, a novice investor can quickly learn the necessary skills to succeed in the real estate field. Auito shows, in simple, easy to understand language, exactly what needs to be done to succeed in real estate. He walks the reader through the steps, showing how to buy, sell, and appraise property; how to rehabilitate a property for maximum resale value; how to look for good tenants in the case of rental property; and many other important tips. He organizes the book very nicely, using a dark bullet in front of the text when an important topic needs to be stressed and lighter colored bullets to display a checklist of some sort.

To get the new student of real estate thinking about important ideas and putting these ideas on paper, the author has a page of lined text at the end of each chapter with sections titled "Notes- insights, ideas, actions to take"; "Strategy- planning for success"; and "Tactics- ways to achieve success". This is a nice addition to the book because it gives readers a place to jot down their thoughts about real estate investing, making the book like a combination of a learning guide and a workbook.

Auito uses a direct, tell- it- like- it- is approach to his writing. He doesn't beat around the bush when he discusses legal concerns, financing, negotiating a deal, or anything else. He lets you know, in a direct fashion, exactly what it takes to succeed in this business. It will require a good amount of time, preparation, and effort and the author makes no excuses for this. He lets you know ahead of time before you set out to purchase your first investment property.

I like the organization of this book and I like the fact that it covers topics that many might not think about. The obvious real estate factors, like the importance of a good location and the different types of financing, are mentioned like they should be. But what is also discussed are topics that many may not be aware, like seeking out legal advice from an attorney before signing contracts and entering into deals; purchasing and selling real estate without using a broker to save money on commissions; finding the best possible tenants for your rental property; etc. These and other important considerations are discussed in the book.

Auito has an interesting chapter in his book where he briefly compares real estate investment with stock market investments. It's not surprising that the author prefers real estate over the stock market. He is correct that real estate is generally much safer than investing in common stocks. And while it's true that stocks have the potential to return much more than real estate, they also have the potential to decline in value. This is something that rarely, if ever, happens with real estate property. The value almost always increases and there is a potential for cash flow (in the case of rental property), as well as certain tax advantages with real estate, making it a safe and solid investment.

Taken as a whole, this is a very good guide for making money through real estate investing. Auito makes everything look easy, even though he admits that real estate takes time, effort, and planning. With the right preparation, real estate can prove to be a lucrative and enjoyable way to make money. And with Dan Auito's book as your guide, you will be well on your way to making a good living in this mostly safe, fun, and friendly field of investment.

10 of 10 people found the following review helpful:

5.0 out of 5 stars How to get into the real estate game with minimal investment, January 7, 2005

By 

Midwest Book Review (Oregon, WI USA) - See all my reviews

This review is from: Magic Bullets in Real Estate (Paperback)

With the volatility of the stock and bond markets in the last few years, and in view of continuing market instability due to a variety of factors ranging from federal deficit spending to the war on terrorism, real estate has become an even more attractive financial investment and/or business enterprise. Magic Bullets In Real Estate: Your Complete Guide To Understanding And Using Real Estate To Your Best Advantage by Dan Auito (a licensed real estate investor and certified appraisal assistant for the past fifteen years) will prove to be an ideal and instructive introduction to how an average person can build wealth and financial security through investing in real estate. Ably written so as to be completely accessible to non-professional general readers, Magic Bullets In Real Estate shows how to get into the real estate game with minimal investment and see immediate results; evaluating property quickly and choose only the best values; how to buy, sell, and lease properties with no real estate commissions or management fees; how to locate hassle-free tenants; how to find and rehabilitate rundown homes in a matter of days; avoiding common traps and pitfalls; preparing for and winning loan approvals; gaining access to large sums of tax-free cash for continued growth; using real estate to retire in style, and so much more. If you want to take a flyer in the real estate market, then give a very careful reading to Dan Auito's Magic Bullets In Real Estate.

4 of 4 people found the following review helpful:

5.0 out of 5 stars Outstanding, March 5, 2006

By 

Glenn K (TX) - See all my reviews

This review is from: Magic Bullets in Real Estate (Paperback)

I have read quite a few real estate books lately like Renovate to Riches, 40 Days To Success In Real Estate Investing, and several of John T. Reed's books among others. This is one of the most comprehensive and easy to understand books I have read so far.The author provides an outline on how to get started and who to contact to assemble a real estate investment team. His chapter on selling your own house is dead on.