Making Big Money Investing in Foreclosures: Without Cash or Credit [Paperback]

Peter Conti (Author), David Finkel (Author)

Book Description

ISBN-10: 0793173655 | ISBN-13: 978-0793173655 | Publication Date: August 15, 2003

Life can be tough for real estate professionals these days. Even with interest rates at historically low levels, the uncertain economy makes homeowners hesitant to relocate or trade up. There just aren't that many clients out there, and the few who exist generate fierce competition. In fact, it seems the single ""hot area"" is foreclosures. But that's not necessarily bad news.

Conti and Finkel's book is a good ""crash course"" for real estate brokers and agents wanting to understand this area and explains the intricacies involved in funding investment deals, using various buying/closing methods and employing exit strategies. Thanks to the book as well as workshops and seminars offered by the two authors, thousands of people each year learn the art of lucrative real estate investing.

Product Details

• Paperback: 256 pages
• Publisher: Kaplan Publishing (August 15, 2003)
• Language: English
• ISBN-10: 0793173655
• ISBN-13: 978-0793173655
• Product Dimensions: 8.9 x 7.3 x 0.7 inches
• Shipping Weight: 1 pounds
• Average Customer Review: 3.6 out of 5 stars  See all reviews (39 customer reviews)
• Amazon Best Sellers Rank: #897,264 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

71 of 77 people found the following review helpful:

4.0 out of 5 stars Peter and David - A Class of Their Own, October 1, 2003

By 

Mark Tibbits (Park City, UT United States) - See all my reviews

This review is from: Making Big Money Investing in Foreclosures: Without Cash or Credit (Paperback)

These two investors have done an excellent job at explaining the nuts and bolts of real estate investing. Many authors fill pages and pages telling us the RESULTS of their successfull negotiations (e.g. infomercial testimonials). But P&D go into the details of how they communicate and negotiate their deals. They've put a lot of thought into their process as they explore the psychology of negotiating with sellers.

But why didn't I give this book 5 stars? Because in my view, their 2nd book is EVEN BETTER. While their 1st book was ok, they hit their stride on the 2nd book (Making Big Money Investing in Real Estate Withoug Tenants, Banks, or Rehab Projects) which in my mind is the BEST of the three they've written so far. I give them an A+ for content and quality. And this (new)book is right on the money too. So, I recommend reading BOTH books; they complement each other nicely. They have a win-win approach to investing. They also advocate putting 10% of your profits to good use in helping others. Like I said, a class act!

129 of 144 people found the following review helpful:

1.0 out of 5 stars "Opportunistic sales person needed, no ethics required!", August 21, 2004

By 

M. Gillis "loachimus" (baltimore) - See all my reviews
(REAL NAME)   

This review is from: Making Big Money Investing in Foreclosures: Without Cash or Credit (Paperback)

I bought this book thinking that it would provide details of how to go about starting the real estate investing progress. As other reviewer's have noted, this book does have a strong "cheerleading" tone to it without providing much specific information. I am interested in buying a house or two to fix up and sell, not quit my job and start this full time. I found the tactics they mentioned to be downright predatory; for example, getting mail carriers and landscapers to "scope out" neighborhoods to see which homes are receiving lots of certified mail, a sure sign that they might be in financial trouble. There are slick sales scripts that would befit any sleazy used car dealer. They are little verbal sales tricks to get people to trust you; making them feel like it's them against the big bad bankers and that only you can help. It is all under the guise that you are helping people with their financial troubles, when really it's more like a vulture looking for an opportunity. There is no way I am going door to door inquiring about a lost dog just so I can try to start a conversation with someone aabout their personal financial situation in an attempt to buy their house out from under them. This is a book for a good,fast sales person with big ambitions, not just your average homeowner or small time investor.

39 of 42 people found the following review helpful:

5.0 out of 5 stars So easy & so simple, it's a must to start today!, October 9, 2003

By 

Ray Rochefort (Bluffton, IN United States) - See all my reviews

This review is from: Making Big Money Investing in Foreclosures: Without Cash or Credit (Paperback)

This book is written for everyone, easy to read and understand with all the information needed for anyone to get started. Peter Conti and David Finkel teach not only how to build wealth buying foreclosures but more importantly how to do it with integrity. Solving problems for those that have financial issues, while making sure not to ever "take advantage" of them is a point made clear throughout all of Peter and David's books. Making Big Money Buying Foreclosures..... is more than a book about Real Estate investing, as you read each page you get a real feel for the authors, the genuine spirit of fair play and sincerity both Peter & David posess reach out from each page letting you know this is not just about building wealth; but helping people.
I had the opportunity to spend this last weekend in Devner, CO with the Mentor Financial Group (owned by Peter Conti & David Finkel) and I am sold on the fact these two gentleman walk their talk. Buying foreclosures is a time spent working with sellers in an emotional state; this book teaches you as an investor how to work with these sellers in a way that is not demeaning but even uplifting. If you are an investor, big or small or maybe someone simply considering the purchase of a few properties to hang onto for future income or a more quality retirement, buy this book. Making Big Money Investing In Foreclosures......was not written and published to be put on your shelf, I have read dozens of books regarding Real Estate investment and for me, it's always been about the people I am working with and the wealth & freedom building, in that order. Even if you know nothing about Real Estate investing or are a licensed Real Estate Agent - (...) - READ IT - FOLLOW WHAT IT SAYS, EXACTLY HOW IT SAYS TO DO IT.......IT'S THAT SIMPLE! It has something for everyone and you will be glad you did.