How to Make Money in Real Estate in the New Economy
How to Make Cash in Actual Estate in the New Economy
- ISBN13: 9780071742627
- Condition: New
- Notes: BRAND NEW FROM PUBLISHER! 100% Satisfaction Guarantee. Tracking supplied on most orders. Get with Confidence! Millions of books sold!
"If you are an investor sitting on the sidelines thinking you have no play in today's property market, consider once again. In his new book, Matt Martinez provides you every little thing you require to know to begin profi ting from the new paradigm in true estate." -- ROBERT IRWIN, bestselling author of How to Get Began in Actual Estate Investing THE NO-GIMMICKS Manual TO Profitable Actual ESTATE INVESTING IN POST-RECESSION MARKETS Praise for HOW TO MAKE Money IN Real ESTATE IN THE NEW Economic climate: "M
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Tried and True Way to Build Assets,
If you are a real estate professional, real estate investor, or want to get into real estate investing - this is the book to buy. Matthew's book is unlike all of the other attention-grabbing get-rich-quick schemes one sees on late night television that truly do not work. They do not work because there is no discipline and sound analysis. It is just speculation. In this economy you must get back to fundamentals. Investing in real estate using Matthew's methods and books are a true and tried way to build up assets, enhance income, and prepare for when you retire or the cost for college. With his books, a thought out plan, and some money, anyone can profit by purchasing and selling rental properties. This is a down economy and the time to buy property. Don't be left behind. I am an apartment building owner and I also broker apartment buildings. I read a lot of books on the subject, and no one does a better job than Matthew Martinez in showing you how to do it. Get this book!
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|I would re-title the book, "White Paper on Real Estate in 2011",
As a beginner to the world of real estate investing, I found this book a realistic, down-to-earth perspective on the real estate market. It is a primer on the author's perspective that real estate is still a solid investment in 2011-2012, even with the economic meltdown still in progress. Although he is quick to point out is not nearly as easy to invest as it was in 2005 at the peak of the bubble.
I don't see this as much of a how-to book, however, Martinez's perspective on buying in 2011 is well-worth the purchase price if you're looking for a well-formed, thoughtful opinion of the market in general and why real estate is a solid investment. There is no how-to advice or steps to follow. 740 FICO score, 20% down payment required, non-owner-occupied investment properties now require 25% down, those requirements for funding were the extent of any how-to. What is most valuable is the concise, easily digestable explanation of the steps leading to the economic meltdown; investing now is smart because commercial real estate is the next shoe to drop due to shorter-term commercial loans maturing in coming years with the high likelihood that there won't be enough equity to support refinancing. Banks will be forced to address their commercial loans the same way they have had to address their lending practices with residential real estate and there will be foreclosures. He says that experts estimate that commercial loan deliquencies will peak in 2012.
"How To Make Money In Real Estate In The New Economy" is a bit of a departure from his last book, "2 Years to a Million in Real Estate." The title of that book is a misnomer as it seems more of a get-rich-quick scheme than the informational how-to I found it to be. That being said, if you're looking for a more in-depth explanation of HOW-TO, "2 years to a million" is a better book by Matthew Martinez for an explanation of real estate terms and ratios etc. This book is better for a realistic outlook on buying in 2011-12. I liked both books for different reasons. This book reads more like an informed op-ed piece in the Wall Street Journal than a how to book, it is grounded with multiple stories from investors and that is why I find it so valuable... you won't get this information or perspective in a get-rich-quick book or the many Robert Kiyosaki Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! books that are more motivational than packed with useful information.
Martinez does not present any new how-to information here, he reiterates the tried and true foundations of real estate investing: 20% down, capital available for reserves, good credit score and conservative investing. This advice is a departure from the last book of pulling out equity on each purchase to fund the next; Admittedly, this is how he made his fortune in real estate, but over-leveraged financing is a relic from the past.
The value in this book comes from his perspective on why this is a great time to invest if you can find the capital for the down payment. "Investors who choose to align themselves on the side of prosperity will act before the media begin writing about the Great Recovery. After all, contrarian investors will have acquired much of the low-hanging real estate fruit in your farm area(chosen neighborhood for acquisitions) by the time the media decide to stick their necks out and publicly declare the end of the "Great Recession.""
The entire book is Martinez's well-thought out perspective on real estate with examples from history to support his assertions. He offers detailed reasons to underpin his observations and this makes it a compelling read since everyone else seems to be screaming to avoid real estate. If you have the same recurring thought that now may be a good time to invest, when everyone else is leaving the game,this is a great book to find out WHY that thought makes a lot of sense.
There are many stories from successful real estate investors and how they have changed their strategies since 2007 that are worth your time. This is a great read.
Don't count on "how-to" steps but rather a great perspective to reinforce your decision to pursue real estate investing even when it appears the rest of the world is running the other way. That's how people have made a lot of money throughout history... get in while the price is low, keep your debt low and make sure you're making money on the property as soon as you close, don't count on appreciation.
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|A must read for those investing in this new economy!,
I was hooked on this book from the start! Unlike most other investment books, this one provides ideas and tools on how to invest in our NEW economy. But what I love most about this book is the way the author not only provides his expertise, but also incorporates interviews from other successful investors to enhance what he is explaining in each chapter. It really puts a personal touch on the book. I recommend this book to anyone who is interested in investing in real estate nowadays!
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