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How I Turned $1,000 into Five Million in
Real Estate in My Spare Time by William Nickerson
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- Hardcover: ; Dimensions (in
inches): 1.75 x 8.75 x 6.00
- Publisher: Simon & Schuster;
Revised edition (February 1984)
- ASIN: 0671253689
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Reveals the basic formula for
creating wealth in real estate, July 28, 1999
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Reviewer: A reader from Houston,
Texas |
I ran across this book in the early sixties, when one
million was in the title, not five million. I used this book
to make several million dollars for myself, and taught two
friends to use the book, and they also made substantial money.
It isn't magic: it simply shows you how real estate wealth
is made, and shows you step by step how to do it for yourself.
A young friend has just asked me to show him how to do it ,
and I went to Amazon to see if the book was still available,
so that I could steer him to it.
That's why I'm here. I am now, at age 62, a real estate
developer, and the same rules still apply. The book is simple,
basic, and absolutely true. By a strange coincidence, I knew
the appraiser hired by Simon & Shuster to verify that
Nickerson had made five million. The appraiser told me that he
believed Nickerson had understated his wealth!
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THE BEST REAL ESTATE BOOK EVER
WRITTEN, December 31, 1998
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Reviewer: Richard R. Pennant
from Hoquiam, WA United States |
I am a licensed realtor in a major city with 20 years of
experience. In that time I have made a small hobby of reading
old as well as new books on the subject of Real Estate. I
don't know how this one eluded me for so long, but our paths
finally crossed.
This is easily the most concise and informative tome on the
subject of acquiring wealth through investing in Real Eastate
that I have ever read. Unlike the myriad TV hucksters who
would have you believe that having No Money Down and shoddy
credit is almost an advantage, Mr. Nickerson takes a
reality-based approach to his subject.
Starting with the want ads in his newspaper, he guides you
through the entire process of purchasing an investment
property. The chapters on financing are absolutely perfect.
The edition I have was published in 1969, yet the information
is as valid as it was when written. Certainly prices have
changed, ($10,000 homes!) but that aside, this book will make
you a fortune.
This is one of those books that you start again as soon as
you finish it. Give it a shot.
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Timeless Masterpiece, February
23, 1999
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Reviewer: carlzbad@msn.com from
Cincinnati, OH |
If you are starting out in residential real estate
investment, this book is a must read. Nickerson presents a
conservative, realistic scenario for starting small and
steadily building wealth.
This is not a get-rich-quick book or one that relies on
gimmicks or nothing-down strategies. It shows you stepwise how
to build a solid financial foundation in real estate, and how
to leverage current assets into more valuable ones.
Nickerson's strategy relies on hard work and persistence,
not luck, deceit, or the greater-fool theory. There's no need
for an updated version of this book; it's principals and
approaches to developing wealth are as timeless as compounded
interest.
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