Secrets of a Millionaire Real Estate Investor [Paperback]

Robert Shemin (Author)

Book Description

Series: Secrets of a Millionaire... | Publication Date: June 22, 2000

Book - Paperback

Editorial Reviews

From the Publisher

Teaches you all of the dos and donts of making real money in the real estate market. American Congress of Real Estate

TAKE THE HIGH ROAD TO HIGH PROFITS!

Thinking of making a killing in real estate investing? Dont be misled by the one size fits all infomercials and seminars that promise instant riches. According to lawyer-MBA-turned-real-estate-investor Robert Shemin, it is possible to legitimately amass substantial wealth, help people, and have fun doing it.

Given the right tools, nearly anyone can make money investing in real estate. Shemins goal is to provide novice and seasoned investors with tools that he has used to amass a real estate portfolio worth millions of dollars.

Shemins strategies include:

* A good deal is at least 40 percent below market value.
* Negotiate to understand the owners real needs in the transaction.
* In-depth property analysis and savvy networking can spell the difference between turning a profit or not.
* Keep in mind the type of buyer needed for the property before you make the offer.
* Being a good landlord and returning value to the community is the surest way to build optimal long-term profits.

About the Author

Robert Shemin has become a regular on the Montel Williams television show with his National Landlord’s Challenge, a philanthropic, yet profitable endeavor. For every landlord with 50 or more properties, Shemin recommends helping a homeless family become a property owner, with the first year’s rent set aside for down payment on the home.

 

A multimillionaire in his early 30s, Shemin earned law and MBA degrees from Emory University, Atlanta. He worked for the Inter-American Court of Human Rights in Costa Rica before joining Goldman Sachs, where he worked in securities. Since starting in real estate investing, Shemin has put together more than 450 deals and owns more than 100 properties. He trains would-be investors in his high-integrity methods and has appeared on national television, including Montel Williams, HGTV, Leeza, Crook and Chase, and others.

Product Details

• Paperback: 288 pages
• Publisher: Kaplan Publishing (June 22, 2000)
• Language: English
• ISBN-10: 0793137055
• ISBN-13: 978-0793137053
• Product Dimensions: 8.9 x 7.2 x 0.7 inches
• Shipping Weight: 1 pounds
• Average Customer Review: 4.0 out of 5 stars  See all reviews (13 customer reviews)
• Amazon Best Sellers Rank: #1,000,640 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

51 of 53 people found the following review helpful:

4.0 out of 5 stars Good Book to get you started..., March 15, 2002

By A Customer

This review is from: Secrets of a Millionaire Real Estate Investor (Paperback)

I liked this book. It was informative and contained a good amount of Shemin's experiences to color the text and information given. I do have a problem however, and it's not with the book, but rather the readers who have such negative opinions about these types of books. One of the overwhelming themes that I read in these people's negative reviews is "s/he didn't tell me how"...what are you people talking about?

Shemin told you what he did...he interviewed two hundred landlords and tenants...he looked at houses and investment properties for six months before making an offer. Even he said it didn't need to take that much time, but fear held him back. He told you how to evaluate a property, things to look for. He even provides a checklist. He told you that first and foremost "HE MADE A DECISION TO ACHIEVE FINANCIAL FREEDOM WITH REAL ESTATE". Yes, he made a decision. Any succesful person will tell you, once you make the decision, the hows become easy.

It seems like people want a book to tell them why they should do this, not how. The hows are in this book. The hows are in any book. That's why they're referred to as "How-To's". The "why" to do something is for you and you alone to figure out. Don't buy anybody's book if you're looking for why. I read the same kind of negative opinions when I look at bad reviews of Kiyosaki's "Rich Dad Poor Dad" stuff. What do you want these books to do? Go out and find the properties, get the financing, find the tenants and collect money for you?

Shemin's book is good. I will tell you to stay from Tyler Hicks' works. He's nothing but an informercial in book form. But I like what the author has to say. But, none of these books will do anything for you until...you...do...it!

46 of 50 people found the following review helpful:

4.0 out of 5 stars very informative for the rookie real estate investor, August 13, 2000

By 

Noreen Connolly (S. Boston, MA USA) - See all my reviews

This review is from: Secrets of a Millionaire Real Estate Investor (Paperback)

I just started to become interested in real estate and I found this book very informative. One section that stands out in my mind that I will use in the future is the section that gives tips on how to inexpensively dress up a house to get a higher price. Is very realistic about what to expect concerning life as a landlord, gave tips on how to "flip" houses (for the more experienced investor)and advantages and disadvantages of holding on to property or "flipping" property. I would recommend this book to new investors.

19 of 21 people found the following review helpful:

5.0 out of 5 stars Secrets of a millionare real estate investor, June 7, 2002

By 

"d_angels" (Pennsylvania) - See all my reviews

This review is from: Secrets of a Millionaire Real Estate Investor (Paperback)

I truly enjoy reading this book. It demonstrates the use of common sense and giving back. And, that is how I actually starting in the real estate field. I have over sixteen years of property management experience and a successful owner, and investor in rental properties. And, this book has made a great impact on me. I would recommend it to anyone who is a novice or itermeditate and want to learn more about investing, owning, and flipping properties. It's definately a realistic book. Others, I would strongly recommend would be Lanlording, Find It, Buy It, anf Fix It is great and The New No-Non Sense Lanlord by Jergerson. You will never want to resell these books.