**All opinions stated in this review are mine and mine alone. I received How Come That Idiot Avoids the 75 Most Costly Mistakes Every Real Estate Investor Makes from eBookPro for free for my honest and unbiased review**
Now, onto my review:
Format read in: Kindle
Author: Robert Shemin
Publisher: Shemin Worldwide LLC
Date of publication: May 18th 2016
Where the book can be found:
Part of a series: No
Number of pages: 262
Book synopsis (via Goodreads):
For novice investors who want to get started with confidence “Teaches the most important keys to real estate success!” Successful Real Estate Investing is written specifically for novice investors who want to get started with confidence. It highlights 75 of the most common mistakes investors make and offers specific, real-life strategies for avoiding them. Each mini-chapter covers one mistake and offers pearls of wisdom based both on Robert Shemin’s long experience as an investor and on case studies of investors he has met or assisted along the way. For investors worried about making a particular mistake in any step of the investment process, this is the only real estate guide that offers quick, expert guidance on avoiding everything that could-but won’t!-go wrong. Successful Real Estate Investing covers these mistakes as well as many more:
Forgetting to screen all tenants Not taking in adequate cash flow Missing out on special loan programs Not having the proper insurance Holding onto a rehab or rental house that won’t sell or rent Thinking short-term when you should be thinking long-term Punishing bad tenants without rewarding good ones Failing to establish minimum requirements for tenants Failing to inspect properties regularly
But Successful Real Estate Investing is more than just a list of troubles to avoid, it also teaches the most important keys to real estate success: keep it simple, believe you can do it (because you can!), inform yourself so you know what you’re doing, and stick with it! With common sense and the uncommon guidance you’ll find here, there’s nothing standing in your way! Scroll up and grab a copy today.
I am going to be honest here, I really didn’t like this book. Like REALLY (see black font!!) didn’t like this book. From the beginning, I kept reading this book in a very pushy, very egotistic car salesman voice. I don’t know why I chose that inner voice to narrate the book but to be honest, but it fit.
The author is all about self promotion in this book (giving out his 800 number to help with everything from getting lessons to getting coaching (of course you have to pay). It came across as very smarmy and definitely put me off about the book. I am here to read about tips from a realtor/investor point of view….not get his 800 number and website shoved down my throat.
Then I got to the tips about the tenants and I did a WTF. See, I am renting a house, that has a property manager, and honestly I got a very bad taste in my house after reading what he wrote. Charging for repairs? Seriously? My house had a ceiling issue, he came out and repaired it….for no cost. The heating element went in my oven. Again, he came out, ordered the part and installed it within a week….for no cost. Not once did he mention that we would have to pay for the repairs out of pocket. Like this guy advised. I literally wanted to put the book down after that but seeing that I had 10 tips (or so) left, I continued.
Other than the advice on how to handle the tenants, the advice was pretty sound and pretty much common sense if you wanted to do what he does for a living. Nothing earth shattering (except the tips about the tenants. And yes, I am hung up on it…lol)
How many stars will I give this book? 2.5/3
Why? The only reason I didn’t give it a 2/2.5 was because it did give some sound, common sense advice. That is the ONLY reason. I saw this book as an ego booster, for the most part, for the author (and no, I don’t know him). It comes across as smarmy when not giving out advice that common sense could figure out.
Will I reread it? Absolutely not
Will I reccomend it to family and friends? Absolutely not
Age range? All ages