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Nickerson restates his formula for success in real estate, which, in case you've not heard it lately, goes like this: purchase residential property in need of rehabilitation, provide the necessary improvements, and sell the property for a minimum 25 percent profit. Case examples are used to illustrate refinements such as looking for opportunities in inner cities and keeping an open mind to creative financing possibilities. Nickerson is an experienced pro whose "How I Turned $1,000 into a Million in Real Estate in My Spare Time" is a classic. THERE ARE MANY obvious ways to make a fortune. One is to gamble. You might get rich overnight. But gambling is not a sure thing-that's why they call it gambling. There are other speculative, get-rich quick schemes-like buying real estate with dangerous nothing down balloon-payment financing and bleeding, rather than improving, the property but most easy-money fantasies turn into nightmares, and breed negative losses instead of positive profits. By far the surest road to a fortune that can match or surpass your golden dreams is to buy, with sound financing, fixer-upper properties that you can improve. You can choose from millions of deteriorated or obsolescent properties with repair and improvement challenges that you can readily correct. Many owners just do not have the gumption to fix up wounded properties that have bled their lives away with age and neglect. If you have a little courage and imagination, you can buy such distress properties at a bargain, correct imperfections, and make a sure and spectacular profit. This gives you a built-in safety factor that guards you against going wrong. If you faithfully follow my principles it is just about impossible to go broke. The only question is not whether you will make a profit, but how much you will make!
Explains all the basic information to begin investing and renovating to generate wealth, offering indispensable advice on managing rental properties, making real estate deals, and demonstrating why "nothing down" methods do not always work
A digital collection of the wisdom of the greatest thinkers in history. Six books in one package.
Abridged edition. Author William Nickerson did so well with his spare-time money-making that at 42 he was able to realize the popular dream of early retirement from the daily grind on a high income. He explains in detail how he did this in his best-selling sensation, How I Turned $1,000 Into Five Million, out of his firm conviction that the age of opportunity is not dead - that even today the road to fortune still lies open to the average person.
The popular success of The Secret has helped many people discover a subject of writing that seems new but in fact stretches back more than a century. 50 Prosperity Classics covers many of the great writings on wealth, abundance, philanthropy, and success, encompassing works from Andrew Carnegie, Richard Branson, Bill Gates, Peter Lynch, and more.
The most trustworthy source of information available today on savings and investments, taxes, money management, home ownership and many other personal finance topics.
The smartest investing options for today’s market from a rental property expert Buying and renting out property can generate steady, reliable income year after year. No one knows this better than “Fixer Jay,” the legendary house-fixer and do-it-yourself investor with more than forty-five years of experience. His step-by-step guide shows investors how to find the right property, fix it up, rent it out, increase income by 50 percent, and retire in style.
Focusing on twenty major obstacles to effective time management, a guide to using time well offers practical solutions to the problem.