What No One Ever Tells You About Investing in Real Estate : Real-Life Advice from 101 Successful Investors [Paperback]

Robert J. Hill (Author), Robert Shemin (Foreword)

Book Description

Publication Date: December 1, 2004 | Series: What No One Ever Tells You About Investing in Real Estate

Investing in real estate can be complex and fraught with perils. New investors and seasoned veterans alike make mistakes. In a brand-new take on real estate investing, experienced investor and attorney Robert J. Hill II shares words of wisdom gained through experience from successful real-life real estate investors nationwide. This is practical advice on the real-life traps that trip up even the most experienced investors. What No One Ever Tells You About Investing in Real Estate will help new, experienced, and would-be real estate investors identify pitfalls and learn tricks and strategies to sidestep problem areas. Readers get hands-on advice in such action areas as:
* Mastering the basics.
* Understanding types of properties and different ways deals are structured.
* Finding profitable real estate deals.
* Financing opportunities.
* What to do when closing as the buyer or the seller.
* How analyzing the sale differs when you're selling versus when you're buying.
* Smart strategies for maintaining rental properties. Inspiring, motivational, and supportive, readers will learn from these inside stories, including the funny, embarrassing, or even huge real estate investing mistakes that have never been told. What No One Ever Tells You About Investing in Real Estate also includes a wealth of proven forms that support successful practices.

Editorial Reviews

From the Author

Who can teach you more about investing in real estate? Dozens of your fellow investors or some single-minded guru? In this book, dozens of your fellow investors--from all across America--share 112 real estate stories and 112 lessons for success with you. No matter how long you have or have not been in real estate, you will probably laugh—and you just might cry—at these stories. Read and learn how a little love can lead to leaky toilets. Read and learn how to evict your local militia man with a little help from the FBI and ATF. Read and learn so you know...what no one tells you about investing in real estate!

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: 240 pages
• Publisher: Kaplan Publishing (December 1, 2004)
• Language: English
• ISBN-10: 0793195160
• ISBN-13: 978-0793195169
• Product Dimensions: 8.8 x 5.6 x 0.6 inches
• Shipping Weight: 9.6 ounces
• Average Customer Review: 3.1 out of 5 stars  See all reviews (16 customer reviews)
• Amazon Best Sellers Rank: #1,363,268 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

22 of 22 people found the following review helpful:

3.0 out of 5 stars Nice for anecdotes, but ..., August 5, 2005

By 

Jason Owsley "jay223556" (Phoenix metro, AZ) - See all my reviews
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This review is from: What No One Ever Tells You About Investing in Real Estate : Real-Life Advice from 101 Successful Investors (Paperback)

... Not much in the way of concrete advice. Still, a fun read and easily digestible. It's good for giving a taste of what landlording can be at the extremes. From my (limited) experience, landlording isn't much different than homeownership, provided you screen your tenants well and get everything in writing, letting the tenants know what to expect when they adhere to the contract, and when they don't. This book points out some of the more interesting aspects of landlording, but it's like watching COPS: You only see the out-there stuff, not the routine stops. That said, go ahead and buy it -- just buy it used. :-)

24 of 28 people found the following review helpful:

5.0 out of 5 stars Short, Pithy, Practical-Thumbs Up!, February 6, 2005

By 

J. D. Hoechst-Ronner - See all my reviews
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This review is from: What No One Ever Tells You About Investing in Real Estate : Real-Life Advice from 101 Successful Investors (Paperback)

This book is like sitting down and brainstorming with a roomful of friends and mentors who share their "good, bad, and ugly" stories about real estate investing. It is not only very accessible because of its short story anthology style, it has 100's of practical ideas for every investor. The stories inspire, without glossing over the very real difficulties of real estate investing. It is both entertaining and useful. I hope there is a sequel in the works.

20 of 23 people found the following review helpful:

2.0 out of 5 stars Not worth the money, September 3, 2005

By 

Karla Cargill (Monticello, MN USA) - See all my reviews
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This review is from: What No One Ever Tells You About Investing in Real Estate : Real-Life Advice from 101 Successful Investors (Paperback)

I did not feel this book provided anything that the new real life entry level investor needs.I thought this would be informative information that would have real value, but instead got a collection of stories. It was like a collection of stories to help the investors that have already made it, but not the real stories to prevent the everyday small investor from making the entry level mistakes.