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 | | | | | How to buy real estate for at least 20% below market value, volume 2 |  | Author: John T. Reed
Publisher: J.T. Reed
Category: Book
Buy New: $25.00
Buy New/Used from $25.00
Avg. Customer Rating:  (4 reviews)
Sales Rank: 3494387
Language: English (Unknown)
Media: Paperback
Pages: 120
ISBN: 0939224585
EAN: 9780939224586
ASIN: B0006RT9FO
Publication Date: 2001
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description
This insider's guide to real estate deals shows readers how to make a profit the day they buy a property. Securing property coups requires diligent research, skilled negotiation, and solid commitment--but if one follows the 30 techniques described in this book such work can yield amazing success. 10 charts.
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| Customer Reviews:
 Disappointing March 19, 2008
3 out of 3 found this review helpful
John T. Reed views himself as the anti-guru Guru; a straight talking dose of honesty and reality among a sea of real estate investment gurus, many of whom, at best, are misleading and, at worst, advocate dangerous and illegal methods.
So does this book deliver? No. What Mr. Reed does is offer a brief chapter discussing various methods to buy real estate at a discount. It appears that Mr. Reed has no experience with the majority of these techniques, rather he tries to summarize other investors' methods. Mr. Reed's lack of experience may explain the absence of any nuts and bolts instruction.
No one is going to read this book and know how to execute one of the techniques. You will merely know of the techniques existence, at which point you will have to learn the nuts and bolts yourself. In many cases, the techniques are well known (e.g. foreclosures, pre-foreclosures), making the book useless. In other cases, Mr. Reed will recommend further reading. For example, in one of the early chapters he recommends a program priced at just under $500.
You can look at the table of contents at the author's website. You'll get to see all the techniques that way for free. Then you can seek out further reading on the ones that interest you. That is not to say that this book is without any value. As mentioned earlier, Mr. Reed summarizes what other investors are doing. If you already know how to execute some of these techniques, you may be able to pick up some new ideas from these summaries. But to reiterate, the beginner will not learn how to execute any of these discount buying techniques from this book.
 Excellent Book! September 3, 2006
4 out of 5 found this review helpful
This book has now been split into two volumes and all Reed's books are only available through his website. This book is heads and tails above most other real estate books. This is probably the most comprehensive and yet concise book on various ways to buy real estate cheap. While a couple of the examples are dated all of the strategies in the book should work except maybe for doing tenancy in common conversions of apartments in rent-controlled areas.
John T. Reed knows what he is talking about and he frankly discusses the risks and benefits of each strategy as well as the number of opportunities to use each strategy and the success rate of each strategy.
Rather than mindlessly following conventional wisdom and believing that real estate only goes up, read this book to find ways to get real estate cheap. If you buy 20% or more below market value it is very easy to make a satisfactory profit.
 Good ideas, but very outdated August 4, 2006
9 out of 11 found this review helpful
Great topic, but the book was outdated. Most of the information cited in the book were for events that took place in the 1980's! That is 20 years ago! A couple of examples that he mentions took place in the early - mid 90's. Nothing recent.
The material contains good comments and ideas, but don't kid yourself to think that this book contains up-to-date examples. Save the money and buy this book used (yes it is available plenty of places online used, even though the author denies it).
Surprisingly good August 14, 2004
26 out of 28 found this review helpful
I found this book to be a refreshingly straightforward treatment of the subject. Mr. Reed thoroughly examines a couple of dozen approaches to buying real estate (and a couple of money-making programs not directly related to real estate), including an analysis of ethical and legal considerations.
Getting a really good deal on *anything*, not just real estate, involves either or both of the following factors:
1) Finding something nobody else knows is for sale (there are people out there who are incredibly poor at marketing), and/or
2) Finding something nobody else wants (for a reason that can be remedied for a cost that still leaves you adequate profit).
That's the whole philosophy. Mr. Reed supplies many case studies and analyses showing how to find and evaluate those two factors.
You should be aware that the author of this book currently refuses to deal with any other bookseller, and will sell only through his own website. IOW, you won't be able to get this book from Amazon. I read the copy I obtained from interlibrary loan.
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