On 2006-01-11 Summer Winterfield, Silver Spring, MD wrote: Frankly put, the information and examples contained in this book were probably relevant in 1999 when the book was published, but after 2000 many of the examples and principles became irrelevant in our changing economic world. Real estate became the sexy investment of choice, new types of mortgage products became available and owners and renters alike became much more sophisticated. The author talks about buying houses for $36,000!!! Perhaps in the early 1980´s, but not anymore--especially not in California which is where most of his real estate dealmaking took place.
Save your money and purchase another real estate book on pre-foreclosure prospecting, or the financials of property ownership. It will be money well spent.. And summed up by saying Not relevant -not worth your money. Currently Goldmining in Foreclosure Properties has an overall rating of 6 over 10.
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Wiley claimed Start Building Wealth Today by Investing in Distressed Properties! Combining proven strategies with nearly thirty years’ experience in real estate, author George Achenbach takes you step by step through the entire foreclosure process–from the first notice of default to the foreclosure sale or auction to the final disposition of the property. Everything you need to know to purchase and profit from distress properties is here, including sample forms, worksheets, checklists, and real-life examples, as well as procedures to follow, evaluation techniques, and negotiating tips. There are even suggestions on leasing homes, creating rental income, saving on taxes, and avoiding pitfalls. Additionally, a new chapter covers the pros and cons of bankruptcy and highlights the latest proposed changes in the law such as the homestead exemptions and needs-based rules. Goldmining in Foreclosure Properties shows investors and first-time buyers how to take advantage of one of the most profitable investment opportunities in the world with expert guidance on: Procedures for locating distressed properties Financial analysis techniques for evaluating property and making the right offer Bidding successfully at auctions Effectively dealing with lenders when the property goes REO How you can benefit from reselling property quickly Negotiating tips for dealing with new purchasers and profitably transferring titles Generating rental income, capital appreciation, and tax savings through property leasing
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