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How I Turned $1,000 into Five Million in Real Estate in My Spare Time

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Title: How I Turned $1,000 into Five Million in Real Estate in My Spare Time
by William Nickerson
ISBN: 0-671-20125-5
Publisher: Simon & Schuster
Pub. Date: June, 1969
Format: Hardcover
Volumes: 1
List Price(USD): $12.95
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Average Customer Rating: 5 (5 reviews)

Customer Reviews

Rating: 5
Summary: cool book!
Comment: lots of information, good for starter!! cool book!

Rating: 5
Summary: Reveals the basic formula for creating wealth in real estate
Comment: I ran across this book in the early sixties, when one million was in the title, not five million. I used this book to make several million dollars for myself, and taught two friends to use the book, and they also made substantial money. It isn't magic: it simply shows you how real estate wealth is made, and shows you step by step how to do it for yourself. A young friend has just asked me to show him how to do it , and I went to Amazon to see if the book was still available, so that I could steer him to it. That's why I'm here. I am now, at age 62, a real estate developer, and the same rules still apply. The book is simple, basic, and absolutely true. By a strange cooincidence, I knew the appraiser hired by Simon & Shuster to verify that Nickerson had made five million. The appraiser told me that he believed Nickerson had understated his wealth!

Rating: 5
Summary: Timeless Masterpiece
Comment: If you are starting out in residential real estate investment, this book is a must read. Nickerson presents a conservative, realistic scenario for starting small and steadliy building wealth. This is not a get-rich-quick book or one that relies on gimmicks or nothing-down strategies. It shows you stepwise how to build a solid financial foundation in real estate, and how to leverage current assets into more valuable ones. Nickerson's strategy relies on hard work and persistence, not luck, deceit, or the greater-fool theory. There's no need for an updated version of this book; it's principals and approaches to developing wealth are as timeless as compounded interest.

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