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Millionaire Real Estate Mentor: Investing in Real Estate: A Comprehensive and Detailed Guide to Financial Freedom for Everyone »

Book cover image of Millionaire Real Estate Mentor: Investing in Real Estate: A Comprehensive and Detailed Guide to Financial Freedom for Everyone by Russ Whitney

Authors: Russ Whitney
ISBN-13: 9780793166862, ISBN-10: 0793166861
Format: Paperback
Publisher: Kaplan Publishing
Date Published: March 2003
Edition: (Non-applicable)

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Author Biography: Russ Whitney

Russ Whitney is recognized worldwide as a leader in the investment-training field and is chairman and CEO of Whitney Information Network, Inc. (WIN). He is also the bestselling author of Millionaire Real Estate Mentor and The Millionaire Real Estate Mindset.

Book Synopsis

Whitney outlines strategies for successful real estate investing, including recognizing a gold mine or spotting a potential fiasco, determining whether real estate investment is right for one's talents and temperament, learning to "talk the talk" of successful real estate investment, and protecting assets. Chapters include case studies illustrating Whitney's insights, which previously were available only through his invitation-only high-level training programs. Annotation ©2003 Book News, Inc., Portland, OR

Publishers Weekly

In theory, making money in real estate is a matter of simply selling a property for more than you paid for it. Naturally, there's a bit more to it than that, and Whitney, who's made millions buying and selling real estate and offers his advice through classes and books, here walks potential buyers through the fundamentals of real estate investing, including finding property, arranging financing and locating buyers. By explaining the fine print, Whitney gives readers the tools they need to approach the real estate market smartly. He supports his lessons with dozens of mini-profiles-including photos-of his students, all of whom have turned healthy profits following his advice. Although the relentlessly optimistic tone (e.g., "A million in debt will be a million in net") makes light of the risks of cashless investing, Whitney's advice is primarily practical. For example, much is made of how a fresh coat of paint, new carpets and a well-kept lawn can increase the resale value of a property. Whitney also includes helpful worksheets for pricing properties and sample contracts for creating an option to buy. Whitney's program relies heavily on creative financing schemes, such as loans from hard-money lenders and sandwich mortgages, but in the end, Whitney's real secret is salesmanship: "When you have a plan and know your options, you will be confident and unafraid-and have all the ammunition you need to become very wealthy.

Table of Contents

Prefacexi
1.Planting Your Own Money Tree1
2.Creating a Power Team13
3.An Overview of the Real Estate Business31
4.Wholesale Real Estate: Buying for Quick Profits51
5.Purchase Options: Controlling Property with or without Ownership, Minimal Cash, and No Credit71
6.Preforeclosures and Foreclosures: Fresh Approaches to Familiar Problems87
7.Auctions: Fast Buying Means Fast (and Big) Profits109
8.Mobile Homes: A Quick Way to Build Cash Flow and Achieve Financial Independence125
9.Government Grants and Loans: Resources for Business Owners and Real Estate Investors139
10.Rehabbing: Quick Fixes for Cosmetically Distressed Properties149
11.Property Management: Profit from Managing for Yourself and Others165
12.Commercial Real Estate: Different Zoning, New Opportunities191
13.Real Estate Notes: Secrets of the Discount Buy207
14.Tax Certificates: High Yield, Low Risk, No Sweat221
15.Credit: A Powerful Wealth-Building Weapon233
16.Asset Protection: Got It? Keep It!247
17.Communication and Negotiation: The People Side of the Business269
18.The End: For You, the Beginning285
Glossary295
Resources305
The Wealth Team313
Index319

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