Customer Reviews

Make Money in Abandoned Properties: How to Identify and Buy Vacant Properties and Make a Huge Profit

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An abandoned property doesn't necessarily mean it's empty, forgotten, and run-down--it just means nobody cares about it any more (and may still be living inside).

This book is comprised of mostly the material from their last book "Short Sales and Foreclosure Purchases." They simply added a new twist to an old rope, slapped a new cover on it, and released it as another book. Funny how that works with the public.

"Abandoned" can mean abandoned of debts, physical abandonment, or mental abandonment (a "don't wanter")--in any case, these homes are all purchased the same way, regardless of owner circumstance. Then, they're all fixed and flipped (or kept) the same way. Nothing new here.

Clearly the authors have a very comprehensive and rich knowledge of the real estate market and they share a great deal of valuable information in this book. The problem with the book is that although it makes the attempt of being methodical, the authors often get swept into tangential discussions within any particular section. It reads more like a narrative with subsections of glossary-like listings. This, unfortunately, causes the book to be scattered, and is useless for any reference purposes. For instance, the book describes the advantages of purchases from Fanny May, illustrated by a personal story, in the section dedicated to locating distressed sellers. I can see the logic of how they got there, but this would hardly be the logical place for such a lengthy excursion, in my opinion. I think the book could stand a significant revision for purposes of clarity and structure. Again, a lot of information is there to excavate, just not laid out in the best manner.

Here is the summary of the book:
1. find an abandoned house , 2. find the owner, 3. negotiate the best deal, 4. buy and make money.
Do you really need to purchase this book ?