How I Turned $1,000 into Five Million in Real Estate in My Spare Time [Hardcover]

William Nickerson (Author)

Book Description

Publication Date: February 1984

Hardcover with dust jacket, probably the most famous book ever written on making money in real estate, a highly collectible copy.

Product Details

• Hardcover: 577 pages
• Publisher: Simon & Schuster; Revised edition (February 1984)
• Language: English
• ISBN-10: 0671253689
• ISBN-13: 978-0671253684
• Product Dimensions: 8.5 x 5.8 x 1.8 inches
• Shipping Weight: 1.7 pounds
• Average Customer Review: 5.0 out of 5 stars  See all reviews (8 customer reviews)
• Amazon Best Sellers Rank: #217,569 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

Most Helpful Customer Reviews

201 of 202 people found the following review helpful:

5.0 out of 5 stars Reveals the basic formula for creating wealth in real estate, July 28, 1999

By A Customer

This review is from: How I Turned $1,000 into Five Million in Real Estate in My Spare Time (Hardcover)

I ran across this book in the early sixties, when one million was in the title, not five million. I used this book to make several million dollars for myself, and taught two friends to use the book, and they also made substantial money. It isn't magic: it simply shows you how real estate wealth is made, and shows you step by step how to do it for yourself. A young friend has just asked me to show him how to do it , and I went to Amazon to see if the book was still available, so that I could steer him to it. That's why I'm here. I am now, at age 62, a real estate developer, and the same rules still apply. The book is simple, basic, and absolutely true. By a strange cooincidence, I knew the appraiser hired by Simon & Shuster to verify that Nickerson had made five million. The appraiser told me that he believed Nickerson had understated his wealth!

121 of 122 people found the following review helpful:

5.0 out of 5 stars THE BEST REAL ESTATE BOOK EVER WRITTEN, December 31, 1998

By 

Richard R. Pennant (Hoquiam, WA United States) - See all my reviews

This review is from: How I Turned $1,000 into Five Million in Real Estate in My Spare Time (Hardcover)

I am a licensed realtor in a major city with 20 years of experience. In that time I have made a small hobby of reading old as well as new books on the subject of Real Estate. I don't know how this one eluded me for so long, but our paths finally crossed. This is easily the most concise and informative tome on the subject of acquiring wealth through investing in Real Eastate that I have ever read. Unlike the myriad TV hucksters who would have you believe that having No Money Down and shoddy credit is almost an advantage, Mr. Nickerson takes a reality-based approach to his subject. Starting with the want ads in his newspaper, he guides you through the entire process of purchasing an investment property. The chapters on financing are absolutely perfect. The edition I have was published in 1969, yet the information is as valid as it was when written. Certainly prices have changed, ($10,000 homes!)but that aside, this book will make you a fortune. This is one of those books that you start again as soon as you finish it. Give it a shot.

93 of 95 people found the following review helpful:

5.0 out of 5 stars Timeless Masterpiece, February 23, 1999

By 

[e-mail] (Cincinnati, OH) - See all my reviews

This review is from: How I Turned $1,000 into Five Million in Real Estate in My Spare Time (Hardcover)

If you are starting out in residential real estate investment, this book is a must read. Nickerson presents a conservative, realistic scenario for starting small and steadliy building wealth. This is not a get-rich-quick book or one that relies on gimmicks or nothing-down strategies. It shows you stepwise how to build a solid financial foundation in real estate, and how to leverage current assets into more valuable ones. Nickerson's strategy relies on hard work and persistence, not luck, deceit, or the greater-fool theory. There's no need for an updated version of this book; it's principals and approaches to developing wealth are as timeless as compounded interest.