Millionaire Real Estate Mentor: Investing in Real Estate: A Comprehensive and Detailed Guide to Financial Freedom for Everyone [Paperback]

Russ Whitney (Author)

Book Description

Publication Date: March 17, 2003

In a shaky economy, where can investors reap profits of 300, 400, and even 500 percent on an investment? Real estate. Through careful planning, a solid game plan, and true dedication, real estate investors can realize a remarkable level of financial independence and prosperity with less risk than with many other investment vehicles. Readers will learn from a bona fide real estate master, Russ Whitney, whose years of experience have honed an amazing array of money-making methods. For years, Whitney's insights were available to a limited number of people through his exclusive, invitation-only, high-level training programs. Now, investors can have his accumulated wisdom within arm's reach on their bookshelf. Millionaire Real Estate Mentor outlines the key components to realize success investing in real estate. Whitney has assembled a team of self-made millionaires, helped them sharpen their skills, and now shares the power of their collective experience with readers. Readers will discover proven strategies that they can leverage into profitable real estate investments, regardless of how much-or how little-capital they have now. Investors will learn: • Russ Whitney's Laws and Rules for real estate wealth • Which real estate investment is right for one's talents, temperament, and interests • How to recognize a real estate gold mine-and how to spot a fiasco-before investing • When investors can use the government to finance their fortune • How to protect assets from litigation and excessive taxes In Millionaire Real Estate Mentor, Whitney shares helpful lists of public and private resources for the serious investor and a collection of sample forms and letters to quickly customize and use to jump-start the real estate transaction process.

Editorial Reviews

From Publishers Weekly

In theory, making money in real estate is a matter of simply selling a property for more than you paid for it. Naturally, there's a bit more to it than that, and Whitney, who's made millions buying and selling real estate and offers his advice through classes and books, here walks potential buyers through the fundamentals of real estate investing, including finding property, arranging financing and locating buyers. By explaining the fine print, Whitney gives readers the tools they need to approach the real estate market smartly. He supports his lessons with dozens of mini-profiles-including photos-of his students, all of whom have turned healthy profits following his advice. Although the relentlessly optimistic tone (e.g., "A million in debt will be a million in net") makes light of the risks of cashless investing, Whitney's advice is primarily practical. For example, much is made of how a fresh coat of paint, new carpets and a well-kept lawn can increase the resale value of a property. Whitney also includes helpful worksheets for pricing properties and sample contracts for creating an option to buy. Whitney's program relies heavily on creative financing schemes, such as loans from hard-money lenders and sandwich mortgages, but in the end, Whitney's real secret is salesmanship: "When you have a plan and know your options, you will be confident and unafraid-and have all the ammunition you need to become very wealthy."
Copyright 2003 Reed Business Information, Inc.

Review

...every serious real estate investor should read it ... on my scale of one to 10, this book rates 9.5. -- Robert J. Bruss, Tribune Media Services

See all Editorial Reviews

Product Details

• Paperback: 352 pages
• Publisher: Kaplan Publishing; Original edition (March 17, 2003)
• Language: English
• ISBN-10: 0793166861
• ISBN-13: 978-0793166862
• Product Dimensions: 10.2 x 7.2 x 0.8 inches
• Shipping Weight: 1.2 pounds
• Average Customer Review: 3.9 out of 5 stars  See all reviews (27 customer reviews)
• Amazon Best Sellers Rank: #864,410 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

69 of 82 people found the following review helpful:

1.0 out of 5 stars Why does Amazon keep deleting the one star reviews?, February 4, 2004

By A Customer

This review is from: Millionaire Real Estate Mentor: Investing in Real Estate: A Comprehensive and Detailed Guide to Financial Freedom for Everyone (Paperback)

You should always take any Amazon "rating" and subtract about 2 stars since they delete the unfavorable reviews and let the authors write many 5 star reviews under different names and post them.

This is the third or fourth reveiw I've written for this book. It is esentially a collection of late night TV commercials so save your money. You might also do an internet search on the author's name before buying.

36 of 41 people found the following review helpful:

4.0 out of 5 stars Good beginner book, May 30, 2003

By 

Matt MacPherson (Kitchener, Ontario Canada) - See all my reviews

This review is from: Millionaire Real Estate Mentor: Investing in Real Estate: A Comprehensive and Detailed Guide to Financial Freedom for Everyone (Paperback)

This book was very helpful. It covers a wide rang of real estate topics that new investors should all explore. However, it's definitely for the NEW investor only. If you're a seasoned pro, this book has no use to you. This book goes over Wholesaling, Lease Options, Foreclosures/Preforclosures, Auctions, Mobile Homes, Government Grants, Rehabbing, Property Management, Notes, Asset Protection and a few other chapters on different things. It's a book that covers generally everything. If your new, get it and find out what technique you like best then go out and get a course or a book on that single technique, master that technique then go out and master another. Again, this book is for people just starting out in real estate and not for the intermediate level investor.

49 of 58 people found the following review helpful:

3.0 out of 5 stars The Only Real Estate Book I Have Seen That Is Not Crud, June 18, 2003

By 

James H. McDuffie (Huntsville, Alabama United States) - See all my reviews
(REAL NAME)   

This review is from: Millionaire Real Estate Mentor: Investing in Real Estate: A Comprehensive and Detailed Guide to Financial Freedom for Everyone (Paperback)

I have always been a real estate sceptic (at least a sceptic) but I have to admit I like this book. The testimonials are a nice touch and some make sense for me. I am primarily a stock market investor. That is what I know and understand best-it is my specialty. I have alway had an interest in real estate but I really did not understand how to go about it. This book provides some very usable techniques for the newcomer. Also techniques for avoiding losing money are presented throughout the book. I only have two complaints but they are not really about just this book. First, there is no section that deals with the risks of real estate investing in an explicit way. This is a peeve of mine with both stock investing and real estate investing. The tone shall we say is upbeat and devil take the hindmost. There is no crime in explicitly discussing risk and I do not understand why people do not do this when they write books about real estate and stocks. Nevertheless this book contains much more information on how not to lose money than virtually any other book on real estate I have seen. Second, I wonder about the level of research and exposure in the real estate arena. In stocks the vast majority of profit is made at the market level with the complete curve being gaussian. I wonder if the same is true in real estate or if there are real opportunities to "beat the market" in real estate. But these are advanced questions that reading this book got me thinking about and that is good. This is the first real estate book I have read which could convince me to participate.