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

Robert Shemin (Author)

2.8 out of 5 stars See all reviews (12 customer reviews)

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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 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

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 7.5 x 0.6 inches
Shipping Weight: 1.2 pounds

Average Customer Review: 2.8 out of 5 stars See all reviews (12 customer reviews)

Amazon Bestsellers Rank: #812,119 in Books (See Top 100 in Books)

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Inside This Book (learn more)

First Sentence:
Ten years ago, I had no desire to be in real estate. Read the first page

Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
lease optioning, motivated sellers, successful real estate investors, real estate investing, buyers list, contingency clause, real estate association, option money

Key Phrases - Capitalized Phrases (CAPs): (learn more)
Basic Rule, United States, South Beach

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Citations (learn more)

This book cites 5 books:

Australia and New Zealand (Knowing world geography) by D.C. Money in Back Matter
Secrets of a Millionaire Real Estate Investor (Secrets of a Millionaire...) by Robert Shemin in Back Matter
Unlimited Riches: Making Your Fortune in Real Estate Investing by Robert Shemin in Back Matter
Real Estate (Roadmap Law Course Outlines) by Robin Paul Malloy in Front Matter
Real Estate (Career competencies in marketing series) by Rodney E. Davis in Front Matter

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Customer Reviews

12 Reviews

5 star:		(4)
4 star:		(1)
3 star:		(0)
2 star:		(2)
1 star:		(5)

Average Customer Review

2.8 out of 5 stars (12 customer reviews)

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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

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

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!

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

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.

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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)

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

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.

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Most Recent Customer Reviews

2.0 out of 5 stars Not enough information.
I've just become interested in real estate investing and this is the third book I've read. It's the first one where the author repeatedly pushes his other products as part of the... Read more

Published on October 22, 2007 by JJ

1.0 out of 5 stars Not for the beginner in real estate vocabulary.
The tips may not make much sense if you haven't experienced any real estate dealings yet. It did remind me how important asset protection is. Read more

Published on January 15, 2006 by B. Worded

2.0 out of 5 stars For beginners only
This book is simple, direct, very basic, and unfortunately I agree with others who feel it's primary purpose is to sell other products and services.

Published on August 12, 2005 by Sheila Masters

1.0 out of 5 stars Uninspired Fluff
Even as a beginner real estate investor I knew that this book was hardly worth reading. It probably took Shemin two weeks to write it and you can read it in an afternoon. Read more

Published on May 19, 2005 by donny random

5.0 out of 5 stars A superb supplementary resource for savvy investors
Successful Real Estate Investing: How To Avoid The 75 Most Costly Mistakes Every Investor Makes lists many common errors in judgement that real estate buyers make - mistakes that... Read more

Published on July 16, 2004 by Midwest Book Review

4.0 out of 5 stars Great Book....sound advice for every real estate investor
This is a very good book that offers sound advice to investors. Any one of these 75 mistakes could cost someone a bunch of money if they didn't know what to look for and avoid... Read more

Published on April 28, 2004 by Bill Hansen

5.0 out of 5 stars Want to Stop Spinning Your Wheels?
If you are in a real estate investing rut, sitting on that investing plateau, or are having trouble moving forward and need to sure-up your strategy, this book is an excellent... Read more

Published on January 21, 2004 by zuh_cam

5.0 out of 5 stars Tired of making mistakes...BUY THE BOOK!!!
Where was this book three years ago? FINALLY a practical, step-by-step, how-to not book on real estate investing that will help any investor at any level avoid critical mistakes -... Read more

Published on December 24, 2003 by N. Groves

5.0 out of 5 stars A must read for everyone who is anyone
Finaly,understanding what I've been doing wrong for so long! Not only could I identify with specific situations he talked about in each chapter, I thought it really flowed... Read more

Published on December 23, 2003 by Leigh Whitaker

› See all 12 customer reviews...

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