Review: This book actually explains everything you need to know. Unlike most of the other junk I've bought.
Rating: 5 out of 5
Date: 07 18, 2013
One of the problems I keep seeing with books on real estate investing is that they never give you enough information to actually do a deal and make money. They always want you to buy something else or join a program or give them a thousand dollars for this or ten thousand dollars for that.I hate to admit it, but I'm one of those people who have spent many times that at real estate investing seminars and training websites. None of that training ever paid off.But this book, for just $2.99, offers a complete system for building a real estate investing business. It has EVERYTHING I needed to get started doing deals and I did my first deal in 2 weeks. I didn't make a lot that first time out, just $2500, but I sure was excited when I got those funds.His method is a variation on flipping Lease Option deals using assignable contracts. But I've seen other guys who taught something like this and never got the clarity or a real understanding of how to do it until I read this book.First he explains something he calls the "Zero Down Deal Structure Hierarchy." This was a revelation. I knew what "Subject To" and "Land Contract" and "Lease Option" and "Assignable Cash Deals" are - although I had never heard of a "Multi-Mortgage." But this author explains what kind of offer to make in ANY situation so that you have the most control in the deal and so that you can protect yourself and the other people in the transaction.Also, having these tools makes it possible to make an offer to any seller that can make you money . All you need is some basic information and you can structure the deal if you understand this Hierarchy.Next, he shows you how to find deals from leads that you can find easily on the internet. You learn how to make an offer and about 6% to 8% of the sellers who get it will say 'Yes." And these are Seller financed deals - you don't need cash or banks. I've never received a response rate like that before when I went after seller financing.He shows you how to find buyers for these houses and make cash at closing. And the buyers are the easiest part of this system. It took me 5 days to bring in a buyer. They gave me the money and I was out of the deal with money in my pocket. The seller was happy, the new buyer was happy and I was extremely happy.Now the part that you may not like...As I said before, I've been buying real estate information for a long time, so it wasn't a surprise to me that the author had something to sell.He gives you a complete system so you don't have to give him another dime - BUT, he then offers to sell you an online system that automates a big part of the work. I admit it, I bought it. And everything he promised about it bringing me tons of motivate seller financed leads - was absolutely true.I can barely keep up with the leads that are coming in. It's a little overwhelming and it's a lot of work getting to them all - but no one is crying in their beer for me.Anyway, I'm giving him five stars because I think it's an amazing system and you don't have to buy anything else to make it work - everything you need is there. And personally, I don't have any problem with him selling me a system that works this amazingly well to make my life so easy. And the price isn't that bad - not sure if I'm suppose to write that stuff here.If you are one of those guys who thinks everything should be free. Or if you are looking for a get-rich-quick scheme - this book is not for you! Don't waste your time.But if you are looking for a complete business system and a way to make money without investing a penny for down payments and without using your credit or verifying your income, this book will serve you well.It even gave me the forms and the scripts, marketing materials and the documents I needed to put it all together.I think this is the longest review I've ever written, but I had to write it out - I love this book, this system and the author. I've finished one deal and I have 6 others in the works that I expect to close over the next couple of weeks. Woo-hoo!