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, by Brandon Turner
Get Free Ebook , by Brandon Turner
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Product details
File Size: 875 KB
Print Length: 19 pages
Simultaneous Device Usage: Unlimited
Publisher: BiggerPockets Publishing, LLC; 1 edition (February 4, 2015)
Publication Date: February 4, 2015
Sold by: Amazon Digital Services LLC
Language: English
ASIN: B00T8A58QO
Text-to-Speech:
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Amazon Best Sellers Rank:
#32,933 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
Brandon, come on, man. This is supposed to be an e book? This is more like a blog post. It's not a bad story, but to position this as an ebook is misleading. Five minutes of reading hardly qualifies for a book.
I blame myself more than the authors. I didn't do my own due diligence. I saw a book I was interested in for $0.99, I bought it based on the number of high reviews and its #1 best seller status in the genre. Mea culpa. That said, I do blame the sellers for their deceptive tactics in selling this "eBook". It was less of an advertisement and more of a text-based infomercial that I had the joy of paying to read. I did not learn one thing of actual value, nor did I get what I was expecting, which was an actual eBook. Save yourself the money and look elsewhere. This is just a fancy way for the seller to make more money on a book that wouldn't otherwise sell as many copies.
Describes a very specific situation of property and seller motivation, which cannot be duplicated. No educational information about how to systematize the general process of acquiring income property for no cash out of your pocket. It is just an upsell for other stuff they are selling.
This is about the worst book you can get. Worst.Another get rich quick book.Replace "no money down" with "gambling our fixed income retired parent’s money on red"I cannot stand this self-promoter. At the same time I respect his rascality to hook "users" into the fantasy land of passive income.But I must speak out against the book- its garbage. And worst is misleading. The example in the book about the apt. building- so many lucky breaks here this is not a business plan or a strategy but rather a series of very lucky breaks.Let me list:-finds an off market property- his only on he looked at.-sellers are willing to "rent" the entire property to him for "rent" while he collects the income.-parents give him the money- interest free of course. And they still have not got a dime.-that free money only owns 50%- good luck finding that anywhere.-its such a crazy deal that he admits that the title company has never even seen on of these deals in 20 odd yrs.-it took years to stabilize the property.-the author leads you to believe that a couple could sustain themselves and a budget for renos on a $500k apt. building that’s almost empty- and on no salary.This model deal that the author presents is, reckless and insane- one wrong move, legal fumble, or economic swing- the guy is bankrupt, the parents lose 100% of their money and you would be left with the banks coming after you. An investment fund wouldn’t touch a piece of real estate that doesn’t yield for 3 years or do a “covered mortgageâ€Â. BTW if you hear of a seller offering you a mortgage like this- unless you are a very keen lawyer, run. These are licenses for the seller to take your equity and you have zero recourse.So if you are willing to work for free for years, risk your marriage and kids, alienating your backers (parents) put up with calls in the middle of the night, collect rent from scumbags and kick them out- by all means knock yourself out and follow the author’s advice.So no budget is mentioned, no going in Caprate, or wacc. Basically anyone with even 1 yr college math or was respectable in high school math can figure out this is only a promote piece for the website at $30 a month.-did I finish it? no.Where I can heap praise is his savvy ability to create a community where he is king, and an acknowledged "expert".Having checked out the site- signed up because I was curious- it is entirely vacant of knowledge- even the "legal" agreements are not worth spit. The posters here have another agenda, I couldn’t figure it out but it probably has something to do with you and your money or your time.For anyone wanting to get into real estate and is stone cold broke- get a job, save some money or get a RE license sell a house or go beg anyone you can find that is in a fund and plead with them to hire you.
Mostly talks about the author buying his rental property and highlights how he did it while promoting his other book.
This is an ok book. This book does lead to their main book that cost money. If you are looking for an "I got an apartment building and you can too" type motivational book. Read this. But if you are looking for something with step by step detail that will be beneficial in most real life situations...this is not the book to buy and/or read.
It's a quick read on how he got his apartment building. He should've dove deeper into not giving up. Although he got extremely great deal; the author worked out different avenues to pull off this deal. Like most said- this should be a blog post
In this small book Brandon tells his story on how he bought the 24 unit apartment for almost no money down.It is an inspirational story for those who are interested in real estate or business. In the story one thing led to another and most of it is by coincidence. His story show some creativity in desperate situations.I liked the book especially that you finish it in one read.The down side of the book is that it looks like a marketing booklet for other products. However he did it very well.
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