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Building Wealth One House at a Time: Making it Big on Little Deals |  | Author: John Schaub
Publisher: McGraw-Hill
Category: Book
List Price: $21.95
Buy New: $3.11
as of 9/5/2010 16:38 CDT details
You Save: $18.84 (86%)
New (45) Used (50) Collectible (1) from $0.88
Seller: Capital West Media
Rating:  24 reviews
Sales Rank: 111544
Media: Paperback
Edition: 1
Pages: 272
Number Of Items: 1
Shipping Weight (lbs): 0.8
Dimensions (in): 8.9 x 5.9 x 0.8
ISBN: 0071448357
Dewey Decimal Number: 332.6324
EAN: 9780071448352
ASIN: 0071448357
Publication Date: December 10, 2004
Availability: Usually ships in 1-2 business days
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Product Description
Strategies for creating real estate wealth by star ting small--and always making the right moves Nationally known real estate expert John Schaub learned his craft in the best way possible--on the job, and through every kind of market. Over three decades, he learned to bank consistent profits as he built an impressive real estate mini-empire. Building Wealth One House at a Time reveals how virtually anyone can accumulate one million dollars worth of houses debtfree and earn a steady cash flow for life. Unique in that it focuses on buying houses in good-quality neighborhoods, Schaub's nine-step program includes: - Renting to long-term tenants, with financial incentives to pay on time
- Avoiding the temptation of bigger deals, which invariably include bigger problems
- A 10-year plan to pay off debt and own houses free and clear
(20050129)
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| Customer Reviews:
Showing reviews 1-5 of 24
 Highly Recommended August 17, 2010
T. Trietley
I highly recommend this book. It gives one a good leg up when starting to invest in Real Estate.
Get rich quick by accumulating wealth slowly June 21, 2010
David W. Miller (Lancaster pa USA)
This book focuses on strategies to creating wealth through real estate by starting small - and making the right moves. Nationally known real estate expert and speaker, John Schaub, learned his craft in the best way possible--on the job, and through every kind of market. He shows you how to buy homes with little money down using private or owner financing. By doing this he eliminates the whims of the banking world. The lender, he says, is more concerned about getting his money back than earning high interest. In Chapter 6 he tells you to do what it takes to make the lender happy, over secure if you must.
I also wrote an article on keeping the your lender happy. Visit; [...]
He recommends only single family dwellings, no fancy shmancy highfalutin projects. Just solid homes the typical family desires and can afford to live in.
The part the hit home for me was that he says buy one home a year. No more. He warns of the dangers of diving headfirst. By waiting a year to purchase your second investment property you will learn innumerable lessons before plunging in.
For a more indepth review visit; [...]
Solid advice August 17, 2009
Mariusz Skonieczny (ClassicValueInvestors . com)
2 out of 2 found this review helpful
There are books about commercial real estate that offer all kinds of arguments on why they are better investments than houses. This author, on the other hand, offers the reverse argument, and I think it is the best I've ever heard. He says that houses are better investments than other property types because they require less work, involve tenants that are not great negotiators, are easier to sell, and provide rental income that does not affect the value of the property. In commercial real estate, investors are more experienced and are likely to hire other professionals such as accountants and lawyers to help them with their investments. Also, commercial properties are valued based on the income that they generate which makes their prices more vulnerable to vacancies, turnover, and changing economic conditions.
This book educates readers on how to find good deals, calculate the property's price, finance the purchase, manage the properties, and negotiate like a professional. I think that this is definitely one of the better books on the subject.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
 Common Sense Approach to Building Equity February 13, 2008
Jack Ramsey (USA)
4 out of 4 found this review helpful
Schaub provides a common sense approach to building equity over time via long-term ownership of single-family homes. Purchase one or more homes per year at 90% or less of market value, place 10% or less of the purchase price down and pay no more than a 10% interest rate. If you then hold those homes until they double in value, you may be on your way to generating over $1 million in equity in less than 10 years. Apply the "Rule of 72" (72/projected property appreciation rate per year)to project the holding period necessary for the home to double in value.
Unfortunately, Schaub does not advocate that a property should produce a positive cash flow, instead assuming that an investment home will appreciate 5% per year year in and year out. Such appreciation may or may not occur. What happens if you purchase a house that merely breaks even (rental revenues cover operating expenses, capital improvements and mortgage payments) but the house declines in value due to a falling local real estate market? This is currently the case throughout Florida, Nevada, Arizona, California, etc.
Some of the non-investment advice is rather basic (i.e., don't quit your day job until you have an emergency cash reserve), but the book provides a feasible road map to generating wealth via single-family real estate investments.
Great book February 8, 2008
Mark (San Antonio, TX)
1 out of 2 found this review helpful
This book is especially great for a beginner. It made concepts that I have read about in other books much clearer. If you are thinking about investing in real estate, this book will help you. If you have read other books and want to gain a better understanding, or have things simplified for you,this book will help you.
Showing reviews 1-5 of 24
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