Successful Real Estate Investing: How to Avoid the 75 Most Costly Mistakes Every Investor Makes (Paperback)

by Robert Shemin (Author) "Ten years ago, I had no desire to be in real estate..." (more)
Key Phrases: lease optioning, motivated sellers, successful real estate investors, Basic Rule, United States, South Beach (more...)

Editorial Reviews

Product Description
Successful Real Estate Investing is written specifically for novice investors who want to get started with confidence. It highlights 75 of the most common mistakes investors make and offers specific, real-life strategies for avoiding them. Each mini-chapter covers one mistake and offers pearls of wisdom based both on Robert Shemin’s long experience as an investor and on case studies of investors he has met or assisted along the way. For investors worried about making a particular mistake in any step of the investment process, this is the only real estate guide that offers quick, expert guidance on avoiding everything that could–but won’t!–go wrong.

Successful Real Estate Investing covers these mistakes as well as many more:

• Forgetting to screen all tenants
• Not taking in adequate cash flow
• Missing out on special loan programs
• Not having the proper insurance
• Holding onto a rehab or rental house that won’t sell or rent
• Thinking short-term when you should be thinking long-term
• Punishing bad tenants without rewarding good ones
• Failing to establish minimum requirements for tenants
• Failing to inspect properties regularly

But Successful Real Estate Investing is more than just a list of troubles to avoid, it also teaches the most important keys to real estate success: keep it simple, believe you can do it (because you can!), inform yourself so you know what you’re doing, and stick with it! With common sense and the uncommon guidance you’ll find here, there’s nothing standing in your way!

From the Back Cover
Successful Real Estate Investing is written specifically for novice investors who want to get started with confidence. It highlights 75 of the most common mistakes investors make and offers specific, real-life strategies for avoiding them. Each mini-chapter covers one mistake and offers pearls of wisdom based both on Robert Shemin’s long experience as an investor and on case studies of investors he has met or assisted along the way. For investors worried about making a particular mistake in any step of the investment process, this is the only real estate guide that offers quick, expert guidance on avoiding everything that could–but won’t!–go wrong.

Successful Real Estate Investing covers these mistakes as well as many more:

• Forgetting to screen all tenants
• Not taking in adequate cash flow
• Missing out on special loan programs
• Not having the proper insurance
• Holding onto a rehab or rental house that won’t sell or rent
• Thinking short-term when you should be thinking long-term
• Punishing bad tenants without rewarding good ones
• Failing to establish minimum requirements for tenants
• Failing to inspect properties regularly

But Successful Real Estate Investing is more than just a list of troubles to avoid, it also teaches the most important keys to real estate success: keep it simple, believe you can do it (because you can!), inform yourself so you know what you’re doing, and stick with it! With common sense and the uncommon guidance you’ll find here, there’s nothing standing in your way!

See all Editorial Reviews

Product Details

• Paperback: 272 pages
• Publisher: Wiley; 1 edition (December 29, 2003)
• Language: English
• ISBN-10: 0471453978
• ISBN-13: 978-0471453970
• Product Dimensions: 9.1 x 7.4 x 0.5 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Average Customer Review: 2.8 out of 5 stars See all reviews (12 customer reviews)
• Amazon.com Sales Rank: #535,487 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

108 of 111 people found the following review helpful:

1.0 out of 5 stars Very Disappointed, Please Read!!!, February 18, 2004

By	Joshua R Schlesselman (Salt Lake City, UT) - See all my reviews

In all actuality, this book lacks all due diligence it portrays. I opened this book up after foolishly spending $12.00 on it and was disgusted by the integrity of the content. This is one of those late night real estate gurus throwing some words onto paper trying to call it a book but in all reality, trying to sell his real estate courses and seminars. I read through the book just because I spent the money and every other page was a sales ad for his course and seminar. I was disgusted and very disappointed. I have been in Real Estate for quite some time now with many deals under my belt, dealing almost exclusively with Rehabs. If your into the buy and hold strategy, I recommend anything by Robert Irwin, an excellent and down-to-earth author. If you are into rehabs, I would recommend "The Complete Idiot's Guide to Fixer-Upers" by Stuart Leland Rider.....Best of Luck!

60 of 60 people found the following review helpful:

1.0 out of 5 stars Absolutely Worthless, April 22, 2004

By	"sevenseasgod" (Orlando, FL) - See all my reviews

This guy is very intelligent. He is getting $12 or more per book, to sell you a book where he is trying to upsell you his other products. Basically, he writes about 75 mistakes to avoid but when it comes to explaining them, he does a terrible job. It is either too general or he tries to sell you on how one of his books, home courses or whatever he's trying to sell, will help you avoiding that. The mistakes mentioned in the book are valid and perhaps, very real but, if you have already made a mistake or just made the mistake and would like to use his advise to overcome the error, guess what, you are on your own. Now, if you want to avoid the mistakes, some of the mistakes mentioned here are self-explanatory, the rest are not, so it might be difficult to avoid these pitfalls, especially for "newbies". In conclusion, THE BOOK IS WORTHLESS. There are plenty of other authors out there that do a much better job at explaining not at selling other products.

25 of 26 people found the following review helpful:

1.0 out of 5 stars Don't waste your money, November 5, 2004

By	Paul H. Hodges - See all my reviews (REAL NAME)

as a professional real estate investor I found this book to be a complete rip off. Most of the pages were only partially filled and what was written was compeletly vague hype.