November 8, 2009
Defensive Real Estate Investing: 10 Principles for Succeeding Whether Your Market is Up or Down
Product Description
As the real estate market changes after years of aggressive growth, investors everywhere are faced with uncertainty, wanting to know how to prepare for a potential real estate bust and make sure they don’t lose money. In his authoritative new work, Defensive Real Estate Investing, bestselling author and real estate expert William Bronchick provides guiding principles to safe investments for beginning to intermediate real estate investors. This book, based on Bronchick’s successful lectures and articles, gives practical, sensible tips for anyone looking to limit risk and make sound investment choices, no matter what their local market conditions. This easy-to-follow, indispensable guide provides reassurance to investors that they can still make safe choices and achieve maximum, long-term wealth in real estate…. More >>
Defensive Real Estate Investing: 10 Principles for Succeeding Whether Your Market is Up or Down
Filed under Real estate investing by .
Comments on Defensive Real Estate Investing: 10 Principles for Succeeding Whether Your Market is Up or Down »
This is one of those books like “Think & Grow Rich” that will be a classic in its field. Bronhick & Licata share little “how to”, but instead focus more on the practical, “in between the lines” advice about investing. This is one of those books that is the glue that holds all the other “niche” books together, putting real estate techniques into real life perspective from a profit or business standpoint.
Great stuff on cash flow. As a landlord, I can tell you that their formulas are right on the money. I liked the “don’t get rich quick” advice, and particularly realistic goal setting. The “WOB IN THE MOB NEAR THE BLOB” is classic (got to read it, I don’t want to give it away).
This is required reading for beginners, highly recommended for all Real Estate Investors of any level.
Rating: 5 / 5
While I don’t know Mr. Bronchick, I have been familiar with his training programs for several years and have found them to be of value. As for this particular book, I can’t say that I found anything wrong with it — it is chock full of the time-tested truisms that I’ve been reading in real estate books for years. If you’ve never read a book on basic real estate investing this wouldn’t be a bad place to start — I say buy it.
In the spirit of full disclosure, I should say that I am an attorney, real estate broker, investor, trainer, and author of another book on real estate investing that can also be found here on Amazon — The WealthLoop Series Beginner’s Guide to Building Wealth Buying Houses: The Foolproof Roadmap to Real Estate Riches Without the Risks and Hassles of Landlording. It’s part of the “WealthLoop Series” and it comes at the issue of “defensive real estate investing” from a fresh perspective that many readers are profiting from nationally.
Might I suggest that you consider buying both Mr. Bronchick’s book and the WealthLoop book in order to get a more complete picture of “defensive real estate investing.”
Rating: 4 / 5
What most impressed me about the book is how they kept the discussions and lessons lively. This made for a much easier read rather than some dry treatise on the subtleties of real estate investment schemes.
The “pop up” style comments by Gary added a break in the proceedings to allow the reader to gather his thoughts and distill what was most important in the particular section.
And, hey, it’s a down market, but the book addresses all market conditions and the decision making required in all cases. I echo the sentiments of others that it is as good a place as any for real estate investors to start, and adding techniques that some seasoned veterans have overlooked.
Go buy it!
Rating: 5 / 5
This book goes past beginners and average investors. There are some great strategies for the advanced investor.
Bill’s and Gary’s advice on LLC’s and c corps. was worth the price of the book alone. I talked to my cpa and their advice will save me $8000 this year.
From the book I found out I was paying to much for all my real estate investments. This book showed me what not to do.
I did enjoy the real live stories also.
Bonus, in the back of the book there are very helpful real estate forms.
Rating: 5 / 5