|
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. The best part is the explanations and uses of subject-to and land contracts. 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. OK, I've read the book. Its still 4 stars.
It was pretty good at not using terms are jargon that beginners couldn't understand. It's also informative enough for full-time investors. The book was pretty good at slowly bringing you into the world of real estate investing and not leaving you in the dust. I ordered this book and 2 other books with about the same basic thing. This book didn't really have any weak areas.
Needs to dedicate more time on danger of overleveraging and borrowing too much. Overall a good book and very motivational.
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. 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. 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. 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. 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. 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.
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. 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. 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. Banks are in business to make money. 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.
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 tells you upfront that it's going to be hard work and in many cases, will involve failure. 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. In fact, Blacharski will explain, they will often be at odds with your goals. 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.
In a world in which most people are told that they have to accept whatever socioeconomic barriers that confront them, Blacharski is capable of opening his reader's eyes to the possibility that there is another path that can be taken and that, with a little determination and knowledge, anyone can do it. This is not a guide that suggests that the reader will be rich overnight, but instead a guide that uses facts to support all of the information that is provided and that offers a step-by-step manner of approaching the topic. The writing is not only filled with the first hand knowledge of the author, it is engaging and inspiring. The Part-Time Real Estate Investor: How to Generate Huge Profits While Keeping Your Day Job, by Dan W. Blacharski begins the work by focusing on his own credit-worthy shortcomings in an entertaining method that millions of people can relate to and that serves to lay a foundation for the belief that anyone with the commitment to changing their life can do so through knowledge. Blacharski, is a wonderful and inspiring book that is presented with humor, information and insight for the average American that is struggling, but that dreams of something better for their life. That knowledge, in Blacharski's book, relates to the real estate market and how the acquisition of property can progressively provide a source of income for people that will lead to financial security and stability.
|
