Secrets of a Millionaire Real Estate Investor (Secrets of a Millionaire...) (Paperback)

~ (Author) "I was a financial consultant with no interest in real estate investing-and absolutely no desire to start investing-the day I called on a sweet old..." (more)
Key Phrases: housing quality standards, undervalued properties, weasel clause, Registrar of Deeds, Joe Buyer, Multiple Listing Service (more...)

Editorial Reviews

Product Description

If you want to invest in real estate, don't be misled by "one size fits all" infomercials that promise instant riches. Learn from an expert. Investor Robert Shemin shares the real life strategies he's used to amass a real estate portfolio worth millions.

Given the right tools, nearly anyone can make money investing in real estate, which Robert Shemin proves in his powerful new book, Secrets of a Millionaire Real Estate Investor. Whether you're a novice or a seasoned investor, Shemin's got strategies you can take to the bank. A multi millionaire in his early 30s, Shemin teaches three basic strategies for making money through real estate:

* Buy and "flip" property to another buyer for more money.

* Buy, rehab, and resell property.

* Buy and hold property as a landlord.

Shemin also shows that ethical investing is the surest way to build optimal long term profits.

From the Publisher

Teaches you all of the dos and donts of making real money in the real estate market. American Congress of Real Estate

TAKE THE HIGH ROAD TO HIGH PROFITS!

Thinking of making a killing in real estate investing? Dont be misled by the one size fits all infomercials and seminars that promise instant riches. According to lawyer-MBA-turned-real-estate-investor Robert Shemin, it is possible to legitimately amass substantial wealth, help people, and have fun doing it.

Given the right tools, nearly anyone can make money investing in real estate. Shemins goal is to provide novice and seasoned investors with tools that he has used to amass a real estate portfolio worth millions of dollars.

Shemins strategies include:

* A good deal is at least 40 percent below market value.
* Negotiate to understand the owners real needs in the transaction.
* In-depth property analysis and savvy networking can spell the difference between turning a profit or not.
* Keep in mind the type of buyer needed for the property before you make the offer.
* Being a good landlord and returning value to the community is the surest way to build optimal long-term profits.

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Product Details

• Paperback: 288 pages
• Publisher: Kaplan Business (June 22, 2000)
• Language: English
• ISBN-10: 0793137055
• ISBN-13: 978-0793137053
• Product Dimensions: 8.9 x 7.2 x 0.7 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Average Customer Review: 3.9 out of 5 stars  See all reviews (12 customer reviews)
• Amazon.com Sales Rank: #452,890 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

49 of 51 people found the following review helpful:

4.0 out of 5 stars Good Book to get you started..., March 15, 2002

By A Customer

I liked this book. It was informative and contained a good amount of Shemin's experiences to color the text and information given. I do have a problem however, and it's not with the book, but rather the readers who have such negative opinions about these types of books. One of the overwhelming themes that I read in these people's negative reviews is "s/he didn't tell me how"...what are you people talking about?

Shemin told you what he did...he interviewed two hundred landlords and tenants...he looked at houses and investment properties for six months before making an offer. Even he said it didn't need to take that much time, but fear held him back. He told you how to evaluate a property, things to look for. He even provides a checklist. He told you that first and foremost "HE MADE A DECISION TO ACHIEVE FINANCIAL FREEDOM WITH REAL ESTATE". Yes, he made a decision. Any succesful person will tell you, once you make the decision, the hows become easy.

It seems like people want a book to tell them why they should do this, not how. The hows are in this book. The hows are in any book. That's why they're referred to as "How-To's". The "why" to do something is for you and you alone to figure out. Don't buy anybody's book if you're looking for why. I read the same kind of negative opinions when I look at bad reviews of Kiyosaki's "Rich Dad Poor Dad" stuff. What do you want these books to do? Go out and find the properties, get the financing, find the tenants and collect money for you?

Shemin's book is good. I will tell you to stay from Tyler Hicks' works. He's nothing but an informercial in book form. But I like what the author has to say. But, none of these books will do anything for you until...you...do...it!

47 of 51 people found the following review helpful:

4.0 out of 5 stars very informative for the rookie real estate investor, August 13, 2000

By	Noreen Connolly "nfconnolly" (S. Boston, MA USA) - See all my reviews

I just started to become interested in real estate and I found this book very informative. One section that stands out in my mind that I will use in the future is the section that gives tips on how to inexpensively dress up a house to get a higher price. Is very realistic about what to expect concerning life as a landlord, gave tips on how to "flip" houses (for the more experienced investor)and advantages and disadvantages of holding on to property or "flipping" property. I would recommend this book to new investors.

18 of 20 people found the following review helpful:

5.0 out of 5 stars Secrets of a millionare real estate investor, June 8, 2002

By	"d_angels" (Pennsylvania) - See all my reviews

I truly enjoy reading this book. It demonstrates the use of common sense and giving back. And, that is how I actually starting in the real estate field. I have over sixteen years of property management experience and a successful owner, and investor in rental properties. And, this book has made a great impact on me. I would recommend it to anyone who is a novice or itermeditate and want to learn more about investing, owning, and flipping properties. It's definately a realistic book. Others, I would strongly recommend would be Lanlording, Find It, Buy It, anf Fix It is great and The New No-Non Sense Lanlord by Jergerson. You will never want to resell these books.