Patience is a virtue
Yeah, you have heard that before haven't you? Patience is a virtue... The entire point of this book is about proper investment strategies without going through the quick rich schemes of what has broken Wall Street. Aggressive financing, flipping, no downpayments, over leveraging yourself, etc. have caused few success stories and a lot more heart aches. Let's face it, a lot of people gambled and they loss.
This is one of the few books that I have read that I'm willing to give 5 stars to, because in all honesty, it looks to the alternative of the quick rich schemes. While it was published in 2006, it even makes more sense to read now.
One of my definite recommendations in my reviews.
Some good tips but...
I've been reading a lot of real estate investment books lately. This one started out really strong, but seemed to fall apart at the end. It felt as if it lacked a concluding statement or overarching idea that drew the entire piece together. Still, for the beginning investor it has some very good ideas.
Biggest plus: outright denouncement of the all-too-common "get-rich-quick" schemes one finds so often in real estate books.
Wall Journal
The book is an excellent reference and it's a good book to follow for planning your financial life style without being a dreamer.
Good read.. very broad and a little dry
This is a good book with a unique point of view. It covers a very broad range of topics including financing, commercial, and others. The book offers some good advice. I did find it a little dry and drawn out at times. Regardless, a good source of practical information to round out your real estate studies. This book doesn't focus on this point and time in real estate but more of a timeless strategy.
A great place to start
First of all, this book is remarkable for being totally devoid of B.S.
How often can you say that about a book on any topic? Seems like a good jumping off point for a potential investor like myself. It's very broad and very basic. Mr. Crook employs a refreshing blend of encouragement and realism with an emphasis on discipline and preparedness.
While his approach rings true, I have a minor issue with his criticism of people with nice cars, boats, mansions, etc. as I believe there could be a season in life to enjoy those things responsibly if one so chooses. Besides this small bit of moral snobbery this was the perfect read for someone in my position.
(18 reviews)
