Making Big Money Investing in Foreclosures: Without Cash or Credit (Paperback)

~ (Author), David Finkel (Author) "Three years ago, Sarah, a student in our Mentorship program, went from being a highly paid executive of the dot-com boom to an out-of-work statistic..." (more)
Key Phrases: potential private lender, foreclosure deals, big money investing, David's Story, Peter's Story, Making Big Money Investing (more...)

Editorial Reviews

Product Description

The key to making money in real estate is finding motivated sellers. Financial trouble is often the single biggest motivator. From finding properties in foreclosure, to negotiating with sellers in financial distress, to reselling the properties to realize healthy profits, Making Big Money Investing in Foreclosures without Cash or Credit is a comprehensive money-making guide.

In this thoroughly updated guide, bestselling author Peter Conti shows real estate investors how to:

*Understand the concepts involved in investing in foreclosures

*Find a motivated seller P>*Structure the deals, including how to buy with little or nothing down

*Negotiate with sellers in foreclosure, including how to overcome obstacles and close deals

*Avoid costly contract pitfalls

*Hold on to newly acquired properties and grow a portfolio for long-term equity build-up

 

Peter Conti pulls all the pieces of the transaction together into a step-by-step action plan, so that investors can apply what they have learned and start making money.

An ex-auto mechanic turned real estate millionaire, Peter Conti is one of the nation’s leading real estate experts. Over the past 10 years, his students have bought and sold over $500 million of property.  He is the co-author of How to Create Multiple Streams of Income Buying Homes in Nice Areas with Nothing Down, which was selected as one of the all-time top three investing books by the American Real Estate Investors Association. Over the past eight years, thousands of investors have attended his workshops and seminars.

Product Details

• Paperback: 256 pages
• Publisher: Kaplan Business (August 15, 2003)
• Language: English
• ISBN-10: 0793173655
• ISBN-13: 978-0793173655
• Product Dimensions: 8.9 x 7.3 x 0.7 inches
• Shipping Weight: 1 pounds
• Average Customer Review: 3.7 out of 5 stars  See all reviews (41 customer reviews)
• Amazon.com Sales Rank: #443,714 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

129 of 143 people found the following review helpful:

1.0 out of 5 stars "Opportunistic sales person needed, no ethics required!", August 21, 2004

By	M. Gillis "loachimus" (baltimore) - See all my reviews (REAL NAME)

I bought this book thinking that it would provide details of how to go about starting the real estate investing progress. As other reviewer's have noted, this book does have a strong "cheerleading" tone to it without providing much specific information. I am interested in buying a house or two to fix up and sell, not quit my job and start this full time. I found the tactics they mentioned to be downright predatory; for example, getting mail carriers and landscapers to "scope out" neighborhoods to see which homes are receiving lots of certified mail, a sure sign that they might be in financial trouble. There are slick sales scripts that would befit any sleazy used car dealer. They are little verbal sales tricks to get people to trust you; making them feel like it's them against the big bad bankers and that only you can help. It is all under the guise that you are helping people with their financial troubles, when really it's more like a vulture looking for an opportunity. There is no way I am going door to door inquiring about a lost dog just so I can try to start a conversation with someone aabout their personal financial situation in an attempt to buy their house out from under them. This is a book for a good,fast sales person with big ambitions, not just your average homeowner or small time investor.

38 of 41 people found the following review helpful:

5.0 out of 5 stars So easy & so simple, it's a must to start today!, October 9, 2003

By	Ray Rochefort (Bluffton, IN United States) - See all my reviews

This book is written for everyone, easy to read and understand with all the information needed for anyone to get started. Peter Conti and David Finkel teach not only how to build wealth buying foreclosures but more importantly how to do it with integrity. Solving problems for those that have financial issues, while making sure not to ever "take advantage" of them is a point made clear throughout all of Peter and David's books. Making Big Money Buying Foreclosures..... is more than a book about Real Estate investing, as you read each page you get a real feel for the authors, the genuine spirit of fair play and sincerity both Peter & David posess reach out from each page letting you know this is not just about building wealth; but helping people.
I had the opportunity to spend this last weekend in Devner, CO with the Mentor Financial Group (owned by Peter Conti & David Finkel) and I am sold on the fact these two gentleman walk their talk. Buying foreclosures is a time spent working with sellers in an emotional state; this book teaches you as an investor how to work with these sellers in a way that is not demeaning but even uplifting. If you are an investor, big or small or maybe someone simply considering the purchase of a few properties to hang onto for future income or a more quality retirement, buy this book. Making Big Money Investing In Foreclosures......was not written and published to be put on your shelf, I have read dozens of books regarding Real Estate investment and for me, it's always been about the people I am working with and the wealth & freedom building, in that order. Even if you know nothing about Real Estate investing or are a licensed Real Estate Agent - (...) - READ IT - FOLLOW WHAT IT SAYS, EXACTLY HOW IT SAYS TO DO IT.......IT'S THAT SIMPLE! It has something for everyone and you will be glad you did.

25 of 26 people found the following review helpful:

5.0 out of 5 stars Great Book, September 25, 2003

By	Dreambig Investment Group (Florida) - See all my reviews (REAL NAME)

I started buying real estate with a partner 1 year ago and we have bought and sold 12 pre-foreclosures since we started. I found out about Peter and David's books about 6 months ago and found that the information they give in these books is excellent. This book really explains the foreclosure process well and gives you great ideas on how to start locating these deals. I highly recommend this book along with all there other books to any one and every one who is interested in buying real estate. Thanks Peter and David for the excellent information you give us investors.