Bests & Worsts Reviews from Amazon

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132
people found this helpful, as of 2023
ranked #222,170 most helpful out of 571,544,897 reviews
★★☆☆☆
Disappointing even for a complete newbie
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.
December 2015 · Kindle Store · verified purchase
the product in question
The Millionaire Real Estate Investor
4.7★ · 2,950 ratings, as of 2023
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