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Comment: This book has already been loved by someone else. It MIGHT have some wear and tear on the edges, have some markings in it, or be an ex-library book. Over-all itâ?TMs still a good book at a great price! (if it is supposed to contain a CD or access code, that may be missing)
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The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate -- Before the Public Auction Paperback – December 27, 2004


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The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate -- Before the Public Auction + FLIP: How to Find, Fix, and Sell Houses for Profit + The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties (BiggerPockets Presents...)
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Product Details

  • Paperback: 272 pages
  • Publisher: Wiley; 1 edition (December 27, 2004)
  • Language: English
  • ISBN-10: 0471692794
  • ISBN-13: 978-0471692799
  • Product Dimensions: 9.3 x 7.6 x 0.6 inches
  • Shipping Weight: 1 pounds (View shipping rates and policies)
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (234 customer reviews)
  • Amazon Best Sellers Rank: #24,792 in Books (See Top 100 in Books)

Editorial Reviews

Review

.".. the best... " and .".. well written... . On my scale of one to 10, this outstanding new book rates an off-the-chart 12." (Robert J. Bruss, Nationally syndicated columnist)

Review

Chosen as one of Robert J. Bruss' 10 best real estate books of 2005! "This ultra-complete book reveals virtually everything necessary to profitably acquire foreclosure distress properties without making costly mistakes."-Robert J. Bruss, nationally syndicated real estate columnist

More About the Author

I'm a best selling author of eleven how-to-do-it books on real estate investing. And I'm also well known for my trademark "No-Bullspit" writing style which is edgy, witty, irreverent, politically-incorrect, brutally-honest, straightforward, right-to-the-point, self-deprecating and thought-provoking.

In other words, I don't mince words, pull punches or holdback. I write what I mean, mean what I write, and standby what I've written. My unique writing style provides readers with a refreshing respite from the dry, dull, boring pap that's being published by most bloggers today.

And now on behalf of America's beleaguered real estate consumers, I've become their NAR Watchdog©! I'm totally focused on exposing the National Association of Realtors® [NAR], for the anti-real estate consumer trade association that it has always been!

The NAR continually misrepresents the qualifications of Realtors®, by falsely claiming that they're all highly-trained, well-experienced, and trustworthy professionals. And in their deceitful ads, the NAR tries to infer that Realtors® are somehow in the same league as brain surgeons, rocket scientists, and nuclear physicists. Nothing could be further from the truth, when you consider that the average Realtor® is a high school graduate at best.

But when it comes to buying and selling real estate, far too many real estate consumers today are uneducated, unsophisticated and unsuspecting. And that's exactly where my soon-to-be-published real estate consumer protection handbook, How To Avoid Being SCREWED By Predatory REALTORS® comes in. My user-friendly book contains up-to-date information, step-by-step instructions and No-Bullspit advice on exactly how real estate consumers can avoid being victimized by Predatory Realtors®!

When it comes to Realtors®, real estate consumers should, "Assume nothing, verify everything and be prepared for anything."--Thomas J. Lucier

Customer Reviews

This book is very well written and an easy read.
Kimberly Peyton Morici
Thomas Lucier walks a beginner through every conceivable step of purchasing and reselling a Pre-Foreclosure property, providing every last detail.
clm
Your book has been BY FAR the best I have read on the topic!
Corinne Wayshak

Most Helpful Customer Reviews

58 of 59 people found the following review helpful By Matt Parker on May 12, 2007
Format: Paperback
Someone from another country once said, this book is no good for another country and gave it low ratings... Well, duh! U.S. law only applies to U.S. stuff. This book is by far one of the best guides on pre-foreclosures and should be considered as the beginner's guide for bank foreclosures. Also, when the title says 'distressed' real estate, it's not talking about bad properties but rather properties with their mortgages no longer being paid.

The difference is important because distressed properties suggest run down stuff. When actually, a lot of preforeclosures are great houses and for one reason or another the owner no longer chose to pay for it.

Overall a good guide. Also on another note, I only buy books BY investors not marketing gurus or writers. Lucier is a REAL investor, with personal experience. Those are the type of authors you want to read from. Here are other books by REAL investors:

Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time by Loftis

Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days-Investing Without Losing Series by Sausa

FLIP: How to Find, Fix, and Sell Houses for Profit by Villani
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243 of 264 people found the following review helpful By Anthony Orapallo on May 4, 2007
Format: Paperback
Having read the other reviews, I bought this book with high expectations. I was very disappointed. The book lacks details and contains too much cursory, trivial and anecdotal information. For example, the author explains that public records are listed in alphabetical, he gives great examples of which mobile office equipment to buy and describes over and over how wonderful the internet is but glosses over important details like actual examples of what exactly you find in the public records and examples of how to determine if a deal is worthwhile or not. He talks about due diligence and that one should research the public records to get information from 50 different places. He even goes on to tell a story about a women who didn't do enough research and ended up with a $19,000 tax lien attached to her pre-foreclosure property. Again though, he never shows any examples or those records or HOW to use those records to determine if a deal is worthy or not. His step-by-step process is not detailed enough to put into practice without doing tons more research. The book seems unfocused and often times wanders away from the point. Overall not a very practical book but probably a pretty good buy if you know nothing about foreclosures, pre-foreclosures or home buying in general.
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82 of 88 people found the following review helpful By gregory dwyer on September 13, 2006
Format: Paperback
Foreclosure investing is all the rage nowadays, but Thomas Lucier tells you why you must get in during the PRE-FORECLOSURE phase to really make the big bucks. There's just too much competition for properties once they reach foreclosure.

The author suggests that you get to the properties before they reach foreclosure by doing your homework and locating the properties early. A letter writing campaign is his preferred method of contacting the foreclosees (is that a word???) and will follow up with subsequent letters should he not hear back from the homeowner.

In addition to step by step instructions for locating properties and acquiring them, Lucier gives a treasure trove of information which you can use along the way to help make your job easier. He includes literally hundreds of websites and even provides his email address to provide help to those who need it.

The book covers all the bases, however, it didn't leave me motivated. The author mentions all of the pitfalls and hard work required in this business and clearly doesn't try to mislead the reader into thinking it will be easy money. I appreciate the honesty, but must admit I won't be pursuing pre-foreclosures at this time. However, I haven't ruled it out for the future, and should I choose to do so, the book will serve as a great instructional manual in my quest.
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32 of 33 people found the following review helpful By David Etenburn on January 21, 2007
Format: Paperback Verified Purchase
OK, let's face it. Foreclosures in this country are going to be a serious issue in the next few years. And it will be no one's fault but the lenders who took on the added risk of investing in too many questionable loans, and the borrowers who had no idea what they were getting into.

Having invested in these properties, and being a real estate sales agent with investors looking for such properties, the search processes Thomas Luccier suggests to find these properties are good. I have been using them and a few others for several years now. His foreclosure letters are powerful...perhaps too intimidating. The spreadsheets are great, I have actually replaced a couple of mine with his!

Overall, I find the book usefull more so for a new investor, but valuable nonetheless even for experienced investors like myself. I'm sure I'll refer to it again in the future.
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21 of 22 people found the following review helpful By DWHunt on August 2, 2006
Format: Paperback
I have bought at least 4 programs from so called "real estate gurus". I spent less than $20 and on Thomas Lucier's book and I got more out of his book then I did out of all 4 programs. His book is easy to read. He tells you exactly what to do, what not to do and why. He educates you about foreclosures and gives you several resources so you can do your own research. I'll be going to my first foreclosure appointment tomorrow evening. I'll go over the book again and plan on using all of the forms and checklists (the book is full of forms). He also answers his emails personally. I feel confident about my appointment I'm excited but not in the least bit nervous because I've read the Foreclosure Property Investor's Kit, and I know what to do step by step.
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