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Unlimited Riches: Making Your Fortune in Real Estate Investing

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Title: Unlimited Riches: Making Your Fortune in Real Estate Investing
by Robert Shemin
ISBN: 0-471-25062-7
Publisher: John Wiley & Sons
Pub. Date: 18 October, 2002
Format: Hardcover
Volumes: 1
List Price(USD): $24.95
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Average Customer Rating: 3.62 (21 reviews)

Customer Reviews

Rating: 2
Summary: Ditto Kansas City ( Review Below)
Comment: This is the fourth book I've read in the past couple of weeks that tells me to just go out and buy properties for 30% off, get the seller to finance it for nothing down, and then flip it for a great profit. What world are these authors living in? More to the point--how can so many gullible readers buy this stuff? Even worse, Shemin spends a chapter trying to sell you a prepaid legal service with which he's involved.I agree with Kansas City. For meat and potatoes and techniques that make sense see M&E's Investing In Real Estate. Shemin has destroyed his credibility with me with this entry into the Carleton Sheets school of nonsense. I expected better.

Rating: 3
Summary: I just ordered the book , but wanted to comment on other...
Comment: I have been reading these reviews and I just wanted to comment on them. I have yet to read this book but the topic is realistic. Flipping or wholesaling properties is very easy (once you have thoroughly researched your market), lucrative and legal. You can very well get properties well below market value. If you arrange the financing for your buyer and they have their exit strategy defined you can put them in the property without any money of their own. It is not some pie in the sky. It is the reality for many people. Granted you will not get the nicest property in the highest demand area, but you will get the property that has enough wrong with it to scare off the homebuyer who wants a pristine perfect house. There are two parts to the brain, the thinker and the prover, if the thinker wants to believe it impossible and think all the stories are made up, the prover will set out to prove them right. I don't know if this book has good info or not but the answers are out there and the deals are out there.

Rating: 1
Summary: Rehashed [stuff]...
Comment: If you've never read a book on real estate investing, I would recommend a more seriously written book on the subject, not this get rich quick book. I have read Robert Shemin's earlier books and this is a rehash of them. Try "investing in real estate" or "the unofficial guide to real estate investing". These two books are very well written and don't make real estate investing sound like a late night infomercial, as, unfortunately Robert Shemin's books do.

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