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The Millionaire Real Estate Mindset: Mastering the Mental Skills to Build Your Fortune in Real Estate [Paperback]

Russ Whitney (Author)
4.1 out of 5 stars  See all reviews (27 customer reviews)


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Book Description

December 27, 2005
There are scores of books on real estate investing on the market today, and most give sound information and helpful advice. Yet few people have become wealthy. In The Millionaire Real Estate Mindset, Russ Whitney asks, “Why isn’t everyone rich?” and perhaps more important, “Why aren’t you rich?” What is missing in most people’s real estate strategy, Whitney says, is the millionaire real estate mindset. And, in this book, he tells readers exactly how to develop one.

Whitney explains how you can break free of the fears that hold so many people back. A key part of succeeding in real estate, Whitney claims, is a willingness to spend time educating yourself about the various techniques, options, insights, and possibilities it entails. Other professions and trades require years of education and practice before you can hope to generate significant income. Building wealth in real estate requires similar focus and dedication. He provides specific investing strategies that can work in virtually any market, whether you have cash to start, or not.

Once you have a few successes under your belt, he encourages investors to move up to larger deals. He explains the complexities of raw land investing and development as well as international real estate investing. He examines a variety of funding techniques, from no-money-down to syndications to make the wisest use of your cash. Whitney candidly discusses what can go wrong and how to anticipate and address unpleasant surprises.

From invaluable insights into personal motivation, to advice on improving one’s communication skills, strengthening relationships, and building personal financial strategies, Whitney helps readers overcome feelings of insecurity about investing and move into the market with certainty and self-assurance. With its unique focus on the psychological aspects of investing—an ingredient missing from other how-to real-estate investment guides—The Millionaire Real Estate Mindset will enable readers to break through the “poverty” mentality, take advantage of the booming real estate market, and join the ranks of the rich and superrich.


Editorial Reviews

From Publishers Weekly

Whitney follows up Millionaire Real Estate Mentor by focusing on what keeps many would-be real estate investors from achieving their million-dollar goals: thinking too small and miscalculating risks versus rewards. He suggests developing a different mindset—his. With a variety of examples, Whitney breaks down his own savvy, confident and faith-filled "millionaire mindset." He thoroughly examines what can and often does go wrong at every turn of a real estate transaction—from identifying and understanding just what makes a property valuable to arranging financing with no money—and contrasts it to what has gone right for him under the same circumstances. Weaving practical advice ("Never buy a property without a backup plan for getting out of it") with self-help cheerleading ("Don't give up on your dreams just because the road will occasionally be rocky"), he creates a comprehensive guide to making big money in real estate. Going so far as to insist that it all boils down to an application of eighth-grade math, Whitney makes his strategies crystal-clear. Readers who dream of being "virtually unstoppable on [the] road to success and wealth" may grab up this primer.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

From Booklist

A couple years ago, Whitney crashed onto the scene with The Millionaire Real Estate Mentor (Dearborn, 2003), which made best-seller lists in the financial arenas. Now he returns with another title that's sure to catch millionaire---wannabes' attention. Whereas in Mentor Whitney outlined the tools one must employ to start down the million-dollar road, in Mindset, he focuses on the attitude one must take to succeed at the real-estate investing game. The mind-set begins with mindfeed, or taking in as much positively reinforcing information as possible. When coupled with a mindcleanse (ridding the mind of all that erroneous, superfluous data), readers are prepared to face their fears (failure), communicate effectively (networking), and begin to think big. Whitney's optimistic take on the world of high-end real estate investing--where his faith is a cornerstone of his work ethic--is a breath of fresh air in an otherwise skeptical business world, but whether his can-do attitude really produces millionaires remains to be seen. Readers, to be sure, will want to take their shot. Mary Frances Wilkens
Copyright © American Library Association. All rights reserved

Product Details

  • Paperback: 304 pages
  • Publisher: Crown Business (December 27, 2005)
  • Language: English
  • ISBN-10: 0385514824
  • ISBN-13: 978-0385514828
  • Product Dimensions: 7.3 x 0.8 x 9.1 inches
  • Shipping Weight: 1.5 pounds
  • Average Customer Review: 4.1 out of 5 stars  See all reviews (27 customer reviews)
  • Amazon Best Sellers Rank: #1,007,499 in Books (See Top 100 in Books)

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Customer Reviews

27 Reviews
5 star:
 (17)
4 star:
 (5)
3 star:    (0)
2 star:    (0)
1 star:
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Average Customer Review
4.1 out of 5 stars (27 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

21 of 28 people found the following review helpful:
1.0 out of 5 stars Reviewers actually work for Russ Whitney!, February 27, 2006
By 
This review is from: The Millionaire Real Estate Mindset: Mastering the Mental Skills to Build Your Fortune in Real Estate (Paperback)
I know Ty and this Kingston character, and they both work for him. Those are his last few reviews that were positive. Its funny that he forces his employees or tells them for their own financial gain to go make amazon reviews for his book.
Pathetic!!!
They main objective is to get you to attend their "Giveaway class", which leads to a $2-300 class, and then leads to $4,000-5,000 classes, which last only a couple days. Hello? Sorry, your information and education isn't worth more than $100 a day in class, I've actually been to them and their information is incomplete AT BEST!
He used to call his trading company division of Russ Whitney "teach me to trade", now its EduTrade. Would you make up for mind? I guess its easier when bad things happen because your a ripoff artist, to reinvent yourself.
Everything these guys have to offer for stock research and screening tools can be bought for pennies on the dollar or found FREE at various websites such as MSN financial toolbox, or through your local broker such as Fidelity active trader pro, ETRADE, etc... They make it sound like they have a proprietary system that is better and their features found anywhere, but I found free software that worked even better Teach Me to Trade. Don't get sucked into the Russ Whitney trap, he's already rich enough from selling overpriced items to naive people!!!
Yes people, listen to the others who have given this guy negativew reviews and do a search at the better business bureau and rip-off reports, this company who is pimping their book has some general information, but their are much better books out there.
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11 of 15 people found the following review helpful:
5.0 out of 5 stars Accept Russ Whitney's Challenge!, January 4, 2006
This review is from: The Millionaire Real Estate Mindset: Mastering the Mental Skills to Build Your Fortune in Real Estate (Paperback)
I have had the privilege of meeting and talking with Russ Whitney on numerous occasions, and I am always impressed with his sincere desire to teach others how to build wealth and achieve financial success. I have read all of his books, and this is by far his best one yet. It's easy to read, the concepts are clearly explained, and it provides the tools anyone needs to develop the "millionaire mindset" and build a fortune. The Millionaire Real Estate Mindset is a unique combination of motivation and practical tips. It will force you to think about why you've been reading all these "how to make money in real estate" books but haven't made any money yet. Russ Whitney not only teaches, he challenges readers get out there and take action to achieve their goals. If you have dreams of a better life, this book will give you the tools to turn those dreams into a reality. Read it and go for it.




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2 of 2 people found the following review helpful:
5.0 out of 5 stars You must have passion for real estate if you want to succeed in it, August 26, 2009
This review is from: The Millionaire Real Estate Mindset: Mastering the Mental Skills to Build Your Fortune in Real Estate (Paperback)
The author asks why isn't everyone rich and why are so many smart people struggling to get by, working jobs they hate? Many authors argue that anyone could be rich and while this can be true, I think it would be a disaster if everyone was rich. They say to build businesses and have other people do the labor. Who in the world would be doing any labor if everyone was rich? Most people hate doing their jobs as it is and the only reason why they are still doing it is because of lack of money. So I don't think everyone should be rich, but there is no reason why YOU shouldn't be the one and let everyone else be in the "rat race."

What I like about this book is that the author not only provides some technical aspects of real estate investing, but also teaches the right mental attitude, which other books lack. He says that unless you enjoy the business of real estate, it is highly unlikely that you will be successful. I think this is so true because many people might rush into the business and later find out that they hate it. If you don't like real estate, find something else that you love and you will be more likely to succeed. Even Donald Trump stresses the same point in his books.

- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
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Inside This Book (learn more)
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
millionaire mindset, lease option deal, tenant buyer, estate investing business, wholesale deals, hard money lenders, due diligence period, owner seller
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Power Team, Whitney Education Group, United States, Cape Coral, New York, Seller's Name, Emerald Village, Skyline Trafalgar, The Bible, Residential Lease Agreement
Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
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