Real Estate Investing Gone Bad: 21 true stories of what NOT to do when investing in real estate and flipping houses Kindle Edition
|Length: 132 pages||Word Wise: Enabled||Enhanced Typesetting: Enabled|
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Almost all real estate gurus paint a rosy picture around real estate with words like "automatic income", "passive income", "nest egg" and the outright lie like that investing in real estate gives you total control over your investment.
As an investor with some hands on experience with real estate I can now attest to the deceptive nature of most real estate advice for novices.
If you are serious about real estate, give yourself an education first and don't fall for the trap that real estate is hands down the best investment category this world has to offer. In the end it all depends on you, the investor, and how much you are willing to study, to learn and to how much stress you are willing to put up with in order to build up the expertise you need. Only with enough expertise real estate will BECOME a great investment for you.
Mr. Pustejovsky's book is a great guide for beginners with 21 different examples of RE investing gone bad. In almost all the examples the investor was new to the field or decided to start investing in a type of RE he was not familiar with. I wish I had read this book years earlier, because one of the examples was very similar to my first RE investment.
So, after all the rah-rah real estate books and seminars you went to, now give yourself a real education and read this book. For the price I paid for it (1.10 dollar on Kindle), I consider it a steal.
Thank you, Phil Pustejovsky!
Overall, great book. I learned and realized that I am going to have to seriously develop some backup funds and some knowledge before I go into real estate investing.