Newbie - Posted by RayJ

Posted by chris-atl on October 16, 2003 at 09:53:47:

I have read both the Nickerson and Lowry book and I have to say I enjoyed Lowry’s much better. It’s a great book on EVERY aspect of REI.

Newbie - Posted by RayJ

Posted by RayJ on October 15, 2003 at 13:53:41:

I want to get started in real estate investing. Can anyone suggest books and/or courses that may speed up my ramp up time.

The Hunt For Abandoned Properties/Kaiser - Posted by Hank FL

Posted by Hank FL on October 15, 2003 at 23:52:56:

“The Hunt For Abandoned Properties” by Joe Kaiser

It’s available here BTW.

And this 50 character limit in the subject line is driving me up the #&%*{@!& wall ! ! !

here’s my reading list & recomendations - Posted by David Krulac

Posted by David Krulac on October 15, 2003 at 21:40:00:

I’ve reviewed about 40 books on mostly real estate books.

Here?s the my book review link on

Re: Newbie - Posted by timeinvestor

Posted by timeinvestor on October 15, 2003 at 16:34:40:

Just try LeGrand’s cash flow courses. Well rounded and will give a clear map to follow, rather than bogging you down. Start making some money and spend your free time reading the rest of them…just opinion.

Re: Newbie - Posted by Brent_IL

Posted by Brent_IL on October 15, 2003 at 15:18:13:


Read Ronald Starr?s post on ?beginner?s success? at

I?m at a different computer than accustomed, so I had to search for the URL. When I did, I read some of the replies that disagreed with Ron?s contention that it may take 10-15 years to become financially independent through creative real estate investment. I didn?t read all of the follow-up, but I wanted you to approach your endeavors without stardust in your eyes, so consider these comments.

Many conventional real estate investors are unsuccessful. It is an irrefutable fact that most people who enter into a creative real estate transaction will lose money. I suspect that it is a very high percentage well beyond the majority. The primary reason for this is inexperience. Quite simply, these folks don?t have a clue about what is necessary to make a profitable transaction. They try to work with an incomplete knowledge base, fall short in some area, and have to bail out losing money and reputation in the process. In the past, I was in this group, so I know that of which I speak.

Wealth through creative real estate investing is very doable. It?s just not instantly available. Most creative real estate practitioners slowly exchange one job for another because CRE investing takes work. I?d suggest that given a choice between spending time learning how to proceed correctly the first time and spending time working three jobs to pay off the expenses incurred by doing it wrong, study is more satisfying and less fatiguing.

JohnBoy has an excellent article in the Money-Making section at When you read it, keep in mind that there is a practical difference between the starting points of you and JohnBoy.

There is no doubt in my mind that if had been available 25 years ago, I could have shaved 15+ years off of time of the learning curve and saved hundreds of thousands of dollars wasted by my incompetence.

Take advantage of what?s here.


Reading list - Posted by mattc - mi

Posted by mattc - mi on October 15, 2003 at 14:50:45:

Reading list:

"Recommended Reading List:

If You Want To Be Rich & Happy Don?t Go To School? by Robert T. Kiyosaki (1992)
Rich Dad, Poor Dad by Robert T. Kiyosaki (1997)
The Cashflow Quadrant by Robert T. Kiyosaki (1998)
Rich Dad’s Guide To Investing by Robert T. Kiyosaki (2000)
The E Myth by Michael E. Gerber (1986)
The 7 Habits of Highly Effective People by Stephen R. Covey (1989)
How to Think Like a Millionaire by Mark Fisher (1997)
You Can’t Teach a Kid to Ride a Bike at a Seminar by David H. Sandler
Richest Man in Babylon by George S. Clason (1926)
Think And Grow Rich by Napoleon Hill (1937)
The Greatest Salesman In The World by Og Mandino (1968)
How I Turned $1,000 Into 3 Million In Real Estate ?In My Spare Time by William Nickerson (1959)
Landlording by Leigh Robinson (1975)
How You Can Become Financially Independent By Investing In Real Estate by Albert J. Lowry (1977)
How To Wake Up The Financial Genius Inside You by Mark O. Haroldsen (1976)
Goals, Guts And Greatness by Mark O. Haroldsen (1983)
How To Develop The Courage To Be Rich by Mark O. Haroldsen (1985)
Nothing Down by Robert Allen
Creating Wealth by Robert Allen (1986)
Multiple Income Streams by Robert Allen (2000)
Real Estate Money Machine (revised edition) by Wade B. Cook (1996)
101 Way To Buy Real Estate Without Cash by Wade B. Cook (1998)
The Smart Investor’s Guide to Real Estate by Robert Bruss (1982)
The Millionaire Next Door by Thomas J. Stanley, Ph.D. & William D. Danko, Ph.D.(1996)
Find It, Buy It, Fix It by Robert Irwin (1996)
Buy It, Fix It, Sell It: Profit by Kevin C. Myers (1997)
5 Magic Paths To Making A Fortune In Real Estate by James Lumley (2000)
Investing In Real Estate (second edition) by Andrew McLean and Gary W. Eldred (1996)
How to Make Big Money in Real Estate in the Tighter, Tougher 90s Market by Tyler G. Hicks
Real Estate Investments and How to Make Them by Milt Tanzer (1997)
The McGraw-Hill 36-Hour Real Estate Investment Course by Jack Cummings (1992)
Real Estate Finance and Investment Manual by Jack Cummings (1997)
The Yes-I-Can Guide to Mastering Real Estate by Steven Jay Fogel
The 16% Solution by Joel S. Moskowitz (1994)
Real Estate Tax Sale Manual by Thomas Hendricks
Real Estate for Pennies by Ed C. Tomlinson (1993)
Unofficial Guide to Real Estate Investing by Martin Stone, Spencer Strauss, William Bronchick, Warren Ladenheim, and Ed Stevens (2000)
Invest in Debt by Jimmy Napier (1983)
No Credit Required: How to Buy a House When You Don’t Qualify for a Mortgage by Ray Mungo (1993)
The Hidden Secrets Of A Real Estate Technician by Bryan Wittenmyer
Perpetual Income by Bryan Wittenmyer
Goldmining in Foreclosure Properties (third edition) by George Achenbach (1994)
All About Escrow (sixth edition) by Sandy Gadow (1999)
The Buy and Hold Real Estate Strategy : How to Secure Profits in Any Real Estate Market by David T. Schumacher and Erik Page Bucy (1992)
Buy and Hold: 7 Steps to a Real Estate Fortune by David T. Schumacher (2000)
Fast Cash With Quick-Turn Real Estate by Ron LeGrand (1996)
No Down! No New Loan! by Bill J. Gatten (1998)

Re: Reading list - Posted by Brent_IL

Posted by Brent_IL on October 15, 2003 at 17:51:14:

I can appreciate the Nickerson, Lowry, and Haroldsen references. I agree, good list.

WOW!!! Now that’s a list. NT - Posted by Nick

Posted by Nick on October 15, 2003 at 16:43:53: