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Whether you invest full-time or part-time, the author says that real estate is a business and you need to treat it as one. While this book is for people who want to start in real estate and keep their job, at some point you might want to make it a full-time career, but you need to realize that it will take a lot of hard work to get there. While many authors may try to persuade you that you can make millions of dollars working a few hours a week and enjoy the rest of your time, the author of this book does not make this promise and I appreciate that. So get nice-looking business cards, a website, business attire, and a clean and well-maintained car. He says when the time comes to quit your job, you are more likely to work longer hours for yourself than you did for someone else. So don't think that initially you will be able to set your own hours like you always wished. I don't think that you will be disappointed reading this book.- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market. Learn how to invest your money, how to pick stocks, and how to make money in the stock market
The best part is the explanations and uses of subject-to and land contracts. OK, I've read the book. Its still 4 stars. Each allow you to sell a house to a sub-prime borrower for a higher interest rate and protect yourself by keeping the house if the borrower defaults.He really missed the possibility of home prices cratering. My wife and I are looking at homes in an area where some are selling for about half of what they sold for two years ago.
It's also informative enough for full-time investors. I ordered this book and 2 other books with about the same basic thing. This book didn't really have any weak areas. It was pretty good at not using terms are jargon that beginners couldn't understand. The book was pretty good at slowly bringing you into the world of real estate investing and not leaving you in the dust.
Overall a good book and very motivational. Needs to dedicate more time on danger of overleveraging and borrowing too much.
What seems clear is that many of the people who've trod this path (i.e., those who've made initial investments and parlayed the profits into millions) did so by using some combination of the techniques outlined in this book.What is not so clear is whether you, dear reader, will be able to do the same thing, especially if the plan actually entails maintaining a full-time `day job' while you explore the possibilities inherent in real estate investment. Real estate agents earn commissions from the sale of a home and are likely, therefore, to view alternative methods of purchasing real estate with considerable skepticism. Blacharski then proceeds to explain in exhaustive detail how you, in 15 years (perhaps less), can write the same sentence.Among the many things you'll learn from reading The Part-Time Real Estate Investor: How to Generate Huge Profits While Keeping Your Day Job is the fact that while the shortest distance between the two points (idea and success) isn't really all that long, the actual path can be long and winding and you should, first and foremost, prepare yourself for a less than instantaneous journey."There may well come a point when you will be working only a few hours a day and taking in millions," he writes, "but that point is not today. He recommends that you absorb such failure and soldier on, using each instance of failure as a lesson learned, not to be repeated.If there's a concern about how this information is laid out for you, it's that it has a tendency to come at you like a comfortable shower, which is all well and good, as long as you don't have to pay strict attention to and retain a specific memory for each drop of water that lands on you.
In fact, Blacharski will explain, they will often be at odds with your goals. You gotta love a guy who opens a book about part-time real estate investing with the information that he hasn't "had a real job in 15 years." Dan W. To his credit, Blacharski makes no claim, offers no guarantee and doesn't climb on a media soapbox claiming that you're going to be a success through the simple application of the principles he outlines. Some of it, of course, will come with experience, but even initial experiences with this investment route will need to be supported by a strong knowledge base that can't realistically be learned simply by reading the book.This is not necessarily a bad thing. Banks are in business to make money.
He tells you upfront that it's going to be hard work and in many cases, will involve failure. The devil, as we all know, is in the details, which, no matter how clearly Blacharski outlines them (and he does do that), will still be your responsibility to execute. It will take a lot of hard work to get there."You will also learn that in many ways, bankers and real estate agents are not going to be your best friends in this investment endeavor of yours. It's just a lot to absorb in a single setting, or two even, or even the amount of time it would normally take you to read a book. They are not in the business of making you money, so like the real estate agents, they will tend to view any creative financing ideas with the same sort of skepticism.
Alternative methods of purchasing real estate and creative financing ideas are the backbone of the method(s) that Blacharski details in the book.He walks you through it all, clearly and concisely, detailing all of the alternatives and creative financing arrangements that are available and desirable to the potential, part-time real estate investor. Without a photogenic memory, you're going to have to go back and re-visit the concepts and specific details of each situation in order to effectively utilize the strategies and tactics that Blacharski has outlined in this book. Bearing this in mind and being aware that this book is a blueprint, not the finished `building' of wealth that you, as a potential part-time real estate investor, are seeking, the 290 pages of clearly articulated and well-written information are well worth your time.
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