Financial Freedom with Real Estate Investing

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October 14, 2019 at 11:59 pmCategory:Recommended Books

Financial Freedom with Real Estate Investing: The Blueprint To Quitting Your Job With Real Estate – Even Without Experience Or Cash by Michael Blank is both a ‘how to’ and a bracing bit of financial self-help. 

Michael Blank, according to his bio and the book’s introduction, is an ex programmer, would-be restauranteur and a seasoned investor who’s lived both near catastrophic failure and phenomenal success. He sets out a strong case that for those looking to retire from their jobs and live on passive income from their property, multi-family apartment blocks provide the most time and cost-efficient solution, relative to flipping single-family homes.

Blank then both guides and cheerleads the potential novice property investor through his three-stage process: 1. raising the funds for that all-important first deal, without relying on personal savings, 2: How to interact with brokers as a serious buyer and build the right team of advisors or coaches, 3. Rapid analysis of potential deals and making offers in 10 minutes. Though the latter may seem implausible, it offers a systematic way of deciding whether an offer is worth making and is illustrated with a clear set of examples.

He also discusses in detail the potential pitfalls: again here borrowing from other self-help texts. The essential messages include not allowing perfectionism to lead to paralysis, looking outside of one’s local area for the best apartment deals. Playing Devil’s advocate, Blank also reviews cases in which single-family homes might be the better option and how to make flipping houses contribute to the dream of achieving a viable passive income.

Written in a straightforward, conversational style that assumes no prior property investment experience, Blank borrows from other texts in the financial ‘self-help’ genre, most notably the extreme budgeting of Rich Dad, Poor Dad, by Robert Kiyosaki and Sharon Lechter, in his use of real-life case studies interwoven with statistics and mathematical models, lest anyone break out into a cold sweat at the thought of serious number-crunching. He also references this book directly, as a means to entering the correct mindset for investing with a view to living on passive rental income.

Blank’s text also contains plenty of links to his own webpage and worksheets. These include aids to decision making, in preparing a marketing packing to present to potential co-investors and tools for analysis, the book contains information and motivation, without engaging in hard selling of his other books or his coaching endeavours to the reader.

In all, Financial Freedom with Real Estate Investing: The Blueprint To Quitting Your Job With Real Estate – Even Without Experience Or Cash proves a useful, informative and practical addition to any potential property investor’s reference library.     

Summary by Casey Ryan Richards

“Zillow Talk: The New Rules of Real Estate”

July 2, 2015 at 2:57 pmCategory:Recommended Books

“Zillow Talk: The New Rules of Real Estate”
By Spencer Rascoff and Stand Humphries

As much as the authors would hate for me to use the word unique (read the book the find out why), there is no other way to describe this real estate book. It doesn’t give techniques, stories, or even opinions; just raw data. Anyone interested in the data behind real estate profits would love this book. The material is presented in a fun and easy to understand way, while being thoroughly researched and useful.

“Start” by Jon Acuff

June 8, 2015 at 5:06 pmCategory:Recommended Books

Jon Acuff (www.jonacuff.com) first came to my attention through the Dave Ramsey (www.DaveRamsey.com/store) radio program for his first book “Quitter.” This follow-up to his previous success is a step-by-step guide to taking your life from “average to awesome.”

I found that it stands out for others in the crowded field of personal development books primarily because it offers real advice (not just a bunch of catchy quotes). Jon guides the reader thorough the process of changing your life by taking easy steps that anyone can master such as “being selfish at 5 am.” His style is entertaining and funny while being informative. I may just have to hire him to speak at our next conference.