The question is, are you dumb enough to buy the book? Its filled with plenty of nonessential advice, wisdom, and experience regarding buying real estate. It begins with the same success advice found in many other books:Write down goals
Create a planNone of this matters; plans are ideal foolery. Life is a constant adjustment. Then the book promotes having a mindset of a millionaire (another idea borrowed from much better books, such as How to Get Rich, but in this case the author offers a poor concept for a millionaire mind and simplifies it to a Think and Grow Rich type of accumulation statement:I will make $____ in the next 120 days through my real estate investments. I will need to sell _____ houses at an estimated _____ profit to make this goal. I will need to talk to _____ callers a day to make my sales.That is what the entire book is based on: it lacks significant insight into worthwhile endeavors.Pitfall: Partners should bring meaningful skills or cash. Two or three broke, inexperienced people getting together to start a company simply illustrates the company is broke and none of the partners have mastered the ability to make money. Two or three weak links do not make for a strong chain.Ten commandments for a successful real estate career:1. Make offers
2. Secure funding
3. Be detail oriented
4. Market, market, market
5. Keep the human touch
6. Know the numbers
7. Know the exits
8. Dont spend it all
9. Be sure to insure to assure and ensure (general business liability insurance for around $100 a month)
10. Incorporate it before you ink itI would add an eleventh commandment thou shall not invest time in inferior material like this.