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NO SUCH THING: I do not believe there is such a thing as "bubble proofing" an investment, whether it be real estate, stocks, bonds or whatever. That said there were some good tips in this book, and I was not dissastfied by my purchase. I just disagreed with the author's basic treatise. The book is well written with a well flowing narrative and as I mentioned, some good points. I think the opening was stronger than the end, and if you don't want to read the entire book I'd just go with the first half. If you enjoty this book also check out the section of The Millionaire Mind that deals with real estate. The Millionaire Mind
Bubble proof? Are you sure?: The premise of the author here is that by making investments in real estate, you will get a better quality of life and flexibility. Nothing is far from the truth. A lot of renters that bought into this line are now facing foreclosures. In the first chapter and also in part two, the book discusses that it is easy to get a mortgage now than ever before with programs like variable monthly payments, flexible rates (ARMs), etc. These sub prime loans, as many of you know, is now the downfall of Americans across the nation and the reason why CitiBank and others are crashing in their stock prices. In short, the intention of the author is to say real estate is a great foot hold to the American dream. I say, you have to be financially viable first before you do this. Have a good, stable, steady stream of income before you buy into real estate for your own residence. That's the only way to be Bubble Proof is to not have the bubble mentality!
some good points: highly motivational, encourages you to continue on despite failures. i do have to caustion that you shouldn't be as aggressive at a later age versus when ur a bit younger. the book somewhat kinda glosses over that as she talks about her clients and having a millionaire mindset. are you really going to start flipping and doing fixer uppers at the age 65 to gain that extra 30,000 in profit or should you go with more conservative approach like CDs, tax liens, etc. there are some specifics in the book that are good for beginners like credit report building, due diligence, etc. overall it is well rounded, one of my better product reviews (i only posted a couple so far).
This book is a shame to the real estate literature: this is one of the few books that praises and recommended the subprime credits, which created the bubble crush in the 1st place the author has no idea about what she is writing dangerously bad book
A motivational book more than anything.: Bubble proof? No such thing as I think we've all found out. She does a decent job of breaking down the real estate industry for beginners but this book contains very little more than that. If you're experienced at all with real estate investing, then pass on this book. If you're feeling unmotivated to invest in real estate, or have never bought a house, then it's a decent place to start.
| Author: | Tonja Demoff | | Binding: | Paperback | | Dewey Decimal Number: | 332.63240973 | | EAN: | 9781427756046 | | ISBN: | 142775604X | | Number Of Pages: | 224 | | Publication Date: | 2007-05-01 | | Release Date: | 2007-05-01 |
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