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Cashing in on the Real Estate Bubble 1st Edition

3.0 out of 5 stars 2 customer reviews
ISBN-13: 978-0975577684
ISBN-10: 0975577689
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Product Details

  • Paperback: 248 pages
  • Publisher: AVA Publishing; 1st edition (March 9, 2007)
  • Language: English
  • ISBN-10: 0975577689
  • ISBN-13: 978-0975577684
  • Product Dimensions: 6 x 0.6 x 9 inches
  • Shipping Weight: 12 ounces
  • Average Customer Review: 3.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Best Sellers Rank: #3,642,810 in Books (See Top 100 in Books)

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A quickie rushed out to exploit the current market, words fail me to describe how poor this excuse for a book is. The Author is unnamed, they must be embarrassed. Pages 1 - 101 are off topic political and economic insight of the lowest level and accuracy, such as "Of course, Vice President Cheney has ensured that Halliburton has been the main beneficiary of taxpayer dollars."
When you finally get to the content, the author states on page 101 "Some of you may be wondering why it took me 100 pages to get to the "meat" of the book"
Um, yes, we are wondering when we'll get what we're paying for. The answer, sadly, is we won't. The scanty "meat" of the book, until we go back to off topic filler and Government statistical data starting with the appendix on page 175, is no better.
The book is riddled with errors, such as the reference to ROEs on page 138 or this gem of advice on page 124 to find an appraiser that "doesn't work with mortgage companies". That would be, an appraiser who doesn't work, might be tough.
More keen insight on page 108, the very first suggestion under the topic of Strategies for Investors, is "Buy land and build" Excuse me, but aren't the people that do that all losing their shirts right now? And this is the best strategy?
Page 130 suggests "try to control an area". You are supposed to buy an entire run down area so that you can influence the demographics. This is not a viable strategy for any but the very largest investor, even the Trumps of the world find this very difficult, Atlantic City is an excellent example.
The things that you might hope to learn from this book, such as Buying Pre-Foreclosure properties, span less than four pages and provide little help.
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2 Comments 39 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
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By L.P. on May 5, 2013
Verified Purchase
Its a good easy read and factual. Mike breaks it down in laymens terms the financial crisis suffered by the poor and middle class.
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