The Millionaire Real Estate Investor Kindle Edition

Not to discount the vast experience of this author, which I definitely acknowledge, but this book is 75% motivational "you can do it!" fluffiness and 25% great ideas. If you need the motivational pump-up, then this book is for you. If you don't (because you already KNOW you can do it or have already started doing it), you'll have to wade through a bunch of that to get to the really helpful meat of the matter. Still, if you can walk away with even one or two good ideas, the read was worth it. I just think it could have been 300 pages shorter.

I read through the first 125 pages waiting for some actual real estate knowledge to show up. It's all just fluff and telling you that "you can do it" and "have the millionaire mindset". I wouldn't be looking at real estate books if I didn't already think that way. I felt like I was at a real estate workshop with "gurus" trying to sell you on all their products. There are multiple quotes from other "millionaire investors" with pieces of amazing advice such as "If I'm not going to make money, I won't buy it".There is very little in terms of actual knowledge in this book. Do not waste your time.

Fortunately I only spent $1.99 on this Kindle book. I managed to get about 3/4 of the way thru before I just gave up. Like some other reviewers point out the first 40% of the book is all about "believe you can do it"!!! Which is great except I'm past that stage, I'm to the point where I want to understand the ins & outs and logistics of HOW to get investment properties.The book is full of super annoying oversimplifications like "do good deals"....and "buy a property that will appreciate over time"....umm duh! And there are direct quotes of similar nature from supposed millionaire investors like "partner with someone who knows what he's doing"....OMG, I can't believe this book got so many good reviews. And then there are the numerous contradictions like "buy a property in a great neighborhood where everyone wants to live", followed by advice to negotiate the least amount on price for that neighborhood where everyone wants to be. In many parts of the country its a seller's market for the great neighborhoods and you will easily blow your budget in a bidding war for location. Additional contradictions that drove me nuts were "decrease rental turnover by pricing monthly rent fairly" but then followed by the advice in later chapters to "maximize your rental income by charging extra fees for pets, storage, parking, utilities....."At the age of 39 I've built and re-built a solid budget over time but I suppose that chapter might be good for many readers. Additionally, towards the end there is a chapter on taxes which I found helpful. Honestly, I've learned way more about the process of RE investing from some (free) blogs on the web.

Many people are saying this is more motivational than how to. Of course it is. I think it's by design. How to succeed (and the definition of success itself) varies person to person, area to area.I have bought this book for many friends and my recommendation is to find 1-2 things they can take away. Mine are the goals (think, buy, own, earn a million) and the personal balance sheet. This to me is GOLD. I update my balance sheet monthly which both allows me time to reflect on the good and also motivates me when I have a 'flat/inactive' month.I read this book every summer and always pick up something new.

Has many good ideas...Just could have put all ideas on 1 sheet of paper. Lots of word fill. Maybe some people appreciate stories of success. Personally, I just wanted facts.

I've read this book 1.5 times. The first time (many years ago), I didn't get the whole way through it, but probably more because of my own interest than because of the book itself. Now I'm getting serious about real estate investing and I'm more motivated, so I easily finished it.My biggest gripe about the book is that the organization of it confused me. The author has divided it up into "Think a Million", "Buy a Million", "Own a Million", and "Receive a Million". The first half was fine, but when I got to "Own a Million" and "Receive a Million" I got confused about the purpose of those sections. There is some duplication of information in the sections, which further confused me. Once I figured out what the author was trying to do, it made more sense, but I still don't like the organization of the book.I'm a relative newbie to real estate investing, so I can't say where this books ranks among the many books out there. I will say, though, that there is a lot of info packed into the book, so I found it very useful.

First 200 pages I flew through, but then instead of chapters there were long sections so I had to set aside enough time to read that whole section so the context was all fresh. Was hoping to find an answer to cashflow v appreciation but that's pretty complicated and is a mindset and also depends on where you are in your progress and portfolio. Tons of great info and insights as well as systems and check lists to guide you in re investing.

Excellent book. I own a couple properties and not all the info was new to me and I think you can find much if the info online, but not in a well written and well compiled way like this. I was validated in my thinking and strategy. The positive ‘you can do it’ and mental aspects of the game are very important and helped me. I found the success stories particularly helpful as they show you what is possible and that normal people can do this. I don’t think there was much hype. I would highly recommend it. Written by an experienced real estate guy. I’m giving it to my kids so they can start thinking in this direction early in their lives and ger set until in real estate. I wish I would have heard or read this info 20 years ago. Not sure that reading a single book will replace the need for a mentor unless you’re a complete self-starter, but this ibfonand some basics from my financial advisor got me started.

I only realised halfway through this book that it was written in 2005 - before the housing market crashed!I wonder how many of the millionaire investors he quotes got burned after assuming house prices will continue to go up and up?The book needs to be updated.I wonder if it hasn’t been updated because he quit real estate after the crash. A pre-2007 book on housing is useful for interest only. DONT use it as a business plan.He talks about house prices rises 1980-2002 and remortgaging as the prices increase, but never talks of the possibility of them slowing or dipping. Seriously I guarantee of lot of these investors went bankrupt.That said, the points he makes does seem logical, however I’m giving it one star as nobody should use this a a business plan!

A really good book with (and written by) people who have done - a good starter as it does go into to much detail but points you in the right direction to start!

I didn't finish reading itGot busy with something else

Perfect deal

Insightful, to say the least.Full of useful information and steps to follow and all that needs to be taken into account before investing in real estate.Very good.