The WealthLoop Series Beginner's Guide to Building Wealth Buying Houses: The Foolproof Roadmap to Real Estate Riches Without the Risks and Hassles of Landlording [Perfect Paperback]

John A. Michailidis (Author)

Book Description

Publication Date: February 19, 2007

Trading in the daily grind and living a life of financial independence is simpler to do than you might think. With this new model for real estate investing success, you can transform the way you think about investing and set your course towards financial independence. Finally, you can have the time, money, and peace of mind to leave the rat-race behind and live the life you have always dreamed of living. This could be the last real estate investing book you will ever need. You will discover how to:

**Turn inexpensive houses into virtual money-machines that consistently churn out returns of over 400%!
**Transform a small nest-egg into several hundred thousand dollars of equity in as little as 24 months part time!
**Generate large up-front payments from your tenants that you can use to purchase more properties!
**Negotiate leases where your tenants willingly accept the majority of responsibility for upkeep and repairs!
**Build competition among prospective tenants and have them clamoring to pay you above market rents!
**Sidestep the risks and hassles of landlording and put your investing on autopilot!

Apply these simple, proven techniques to create your own virtual money-machine that generates income for you and your family 24/7.

Gary Keller, New York Times Best-Selling Author, "The Millionaire Real Estate Agent" and Co-Founder, Keller Williams Realty International

John . . . You Rock! In reviewing [your book] I think it definitely can be of true help to anyone serious about wealth building!

Editorial Reviews

Review

A fun and interesting read, the WealthLoop Series book, Beginner's Guide to Building Wealth Buying Houses by John A. Michailidis, Esq., manages to fulfill its title's claim by first outlining the author's pragmatic yet contrarian investing philosophy, and then walking the reader through a step-by-step action-plan for personal wealth creation through residential real estate investing.

Tapping into what he calls, 'Every person's American Dream to own a home of their own,' Mr. Michailidis outlines a process whereby investors find tenants to 'pre-sell' their properties to, thus locking in a guaranteed rate of return for the investor and ensuring that the tenants have a vested interest in the care and upkeep of the property. According to Mr. Michailidis, this approach to renting allows the property owner to command large up front deposits and above market rents while shifting the responsibility for routine maintenance and repairs to the tenants.

Complete with a detailed case study, sample rental ads, example rental forms and agreements, and an extensive list of resources, this book actually accomplishes the lofty goal it sets for itself with its rather optimistic sounding title. Agents and investors alike from across the nation have been profiting considerably from the practical insights taught in this easy to read how to book.

--Brain Forge Press, Inc.

About the Author

John Michailidis is a real estate broker, licensing instructor, and investor who started in real estate in 1990 and holds the GRI and CRS designations, a JD from Northwestern University, and is licensed to practice law in Illinois. He has counseled, mentored, taught and represented countless hundreds of real estate professionals and investors throughout his career and is a recognized speaker and author on the subjects of real estate and investing. His company, Chicago Building Exchange, Inc.® specializes in working exclusively with investment buyers and sellers.

Product Details

• Perfect Paperback: 212 pages
• Publisher: Brain Forge Press, Inc.; 1st edition (February 19, 2007)
• Language: English
• ISBN-10: 0978819098
• ISBN-13: 978-0978819095
• Product Dimensions: 8.9 x 5.9 x 0.8 inches
• Shipping Weight: 12 ounces
• Average Customer Review: 4.6 out of 5 stars  See all reviews (18 customer reviews)
• Amazon Best Sellers Rank: #1,468,938 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

17 of 17 people found the following review helpful:

5.0 out of 5 stars If you can do the work, here's how to do it to maximize income, March 14, 2007

By 

Happy-Lee (Vegas) - See all my reviews

This review is from: The WealthLoop Series Beginner's Guide to Building Wealth Buying Houses: The Foolproof Roadmap to Real Estate Riches Without the Risks and Hassles of Landlording (Perfect Paperback)

Michailidis is an attorney and real estate broker. A background like that almost assures you an interesting view of things. The author goes to great lengths to explain the difference between working for a living (either for someone else or yourself), risking money by speculating (stocks, bonds, etc) and investing (building a steady flow of cash not dependent on your continued labor, etc).
He provides a nice, steady and logical step-by-step guide on how to make money on real estate. He doesn't attempt to mislead you into believing this is easy money la-la-land, and his chapter on home buying hazzards alone justifies the price of the book.
If you have any interest in trying to make some dough by buying houses, check this one out.

11 of 11 people found the following review helpful:

5.0 out of 5 stars Simple explanation of a daunting process, July 24, 2007

By 

Dexs Books "Dex" (Chicago, IL) - See all my reviews

This review is from: The WealthLoop Series Beginner's Guide to Building Wealth Buying Houses: The Foolproof Roadmap to Real Estate Riches Without the Risks and Hassles of Landlording (Perfect Paperback)

I read this book cover to cover in a single day. I could not put it down.

Author takes a difficult process and makes it so incredibly simple. Obviously there is homework involved, but even that is laid out for you in an easy to follow process. I can see real evidence of the author's e-myth style of setting up process and making the system do the work for you.

If you are looking to start investing in real estate, like we are, this is both the push we needed to jump in and the safety net of someone else's experience rolled into one.

14 of 15 people found the following review helpful:

5.0 out of 5 stars Great Book that Cuts Through the Lease-Purchase Clutter, May 1, 2007

By 

John A. March "Real Estate Investor" (Bluffton, SC, United States) - See all my reviews
(REAL NAME)   

This review is from: The WealthLoop Series Beginner's Guide to Building Wealth Buying Houses: The Foolproof Roadmap to Real Estate Riches Without the Risks and Hassles of Landlording (Perfect Paperback)

I've spent thousands of dollars on Guru programs and books. All of these promised real estate investing success. I just got more and more confused. I am so happy I stumbled on to this book. It gives the beginning investor clear understanding of what it takes to succeed, using the WealthLoop System. The wealthLoop System contained in the book, gives the investor a simple path to follow and a sustainable wealth creation strategy. It tells you HOW to go about the Lease-purchase process from getting started, to finding the right property, to how to negotiate and find tenant prospects. I feel so much better about my decision to invest in real estate and more confident in my capability to do lease-purchase deals. Get this book. You'll be glad you did.