Millionaire Real Estate Investor Brings Good Information to Beginning Investors

by: Brian.Brady on October 15, 2007 14:57:48 1 comment »

Millionaire Real Estate Investor is a book written by Gary Keller, Dave Jenks, and Jay Papasan. It's published by Mc Graw Hill and available on the Millionaire Systems Website. A description from the website:

Based on extensive research and interviews with over 120 millionaire real estate investors like these, Gary Keller's new "how to" guide reveals the models, strategies and fundamental truths millionaires use to become wealthy through real estate investing.

His latest book, The Millionaire Real Estate Investor, written with Dave Jenks and Jay Papasan, hits bookstores just as real estate investing has gone mainstream. According to the National Association of REALTORS, in 2004 nearly a third of all sales were second homes or investments.

"By tapping the wisdom of millionaire investors from across the country, we're sharing investment models that can be duplicated by anyone in any market." Keller explains, "These are the foundational strategies every investor must know in order to maximize their financial wealth."

But the book isn't just about real estate. Through his research Keller discovered that millionaires think about money quite differently than others. As a result, this book also takes a hard look at the money myths that hold some people back and the money truths that lets others soar. The book begins by exploring the "MythUnderstandings" about the way people view investing. For example, Keller explains despite what most people think, investing by definition and design isn't risky. Millionaire Real Estate Investors employ time-tested strategies to avoid risk and, in the end, take luck out of the game.

By the end of the book readers will be able to:

• Think a Million: Develop the financial literacy and mindset of a millionaire investor

• Buy a Million: Amass a real estate portfolio with a market value of a million dollars or more

• Own a Million: Turn investments into an asset-based business with ever-increasing net worth

• Receive a Million: Build an investment empire that provides a million dollars a year in passive income

Gary Keller and Dave Jenks are miles ahead of the rest of the real estate industry in the area of agent education. This offering, suggests that they want to do for real estate investors what they did for real estate agents with their first book, The Millionaire Real Estate Agent.

The book is an easy read with a conversational style that mixes motivational talk with good numbers crunching. I found the material to be mostly in line with my philosophy of real estate investing. I do differ, with their mantra " Buy It Right- Pay It Down- Pay It Off". Most of my readers will know that I prefer an equity harvesting approach so as to diversify your assets to weather fluctuations in various markets. I believe that it makes sense to own stocks, bonds, and real estate, in tax advantaged accounts. That just makes more sense for the investor who is trying to build wealth.

Retirees will love the approach of "pay it off". My clients will be able to do that ,with the money invested in a side account ,from the harvested property equity . I think you can grow those side accounts to exceed the amount of property debt due.

A minor technicality. I loved the book and have purchased a case of them. If you would like a FREE copy, contact me at (858)-699-4590.

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