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| Untapped Riches: Never Pay Off Your Mortgage -- and Other Surprising Secrets for Building Wealth | 
 enlarge | Authors: Susan Cutaia, Anthony Cutaia, Robert Slater
Publisher: AMACOM
Category: Book
List Price: $18.95
Buy New: $1.96
You Save: $16.99 (90%)
Buy New/Used from $1.94
Avg. Customer Rating:  (10 reviews)
Sales Rank: 353865
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Number Of Items: 1
Pages: 240
Shipping Weight (lbs): 0.7
Dimensions (in): 8.8 x 6 x 0.8
ISBN: 0814473962
Dewey Decimal Number: 332.6324
EAN: 9780814473962
ASIN: 0814473962
Publication Date: January 2, 2007
Availability: Usually ships in 1-2 business days
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| Customer Reviews:
| Showing reviews 6-10 of 10 | | « PREV | | |
 Very Dangerous Advice April 21, 2007
6 out of 6 found this review helpful
This type of thinking is what has led us to the credit crisis, real-estate implosion and record foreclosures. It works great when real-estate goes up, but if the value goes down, the mortgage is worth more than the house and the owner is underwater. This causes people to mail in the keys to the bank which add to the real estate glut.
This book is the road to financial ruin and a little research will tell you that this is what happened to the author. Look forward the the sequel: My life as a homeless person: How to buy the best cardboard boxes on the street with no money down.
Seriously, use fixed rate, conforming loans and do it the old-fashioned way. You will come out ahead.
 Any general public lending library will want this. April 19, 2007
3 out of 7 found this review helpful
Most workers want to choose investments which eventually will give them more financial freedom - UNTAPPED RICHES offers many surprises linked to the benefits of home ownership, and shows how to build wealth using new mortgage instruments, flexible and 'smart' loans, and more. Here are some 40 wealth-building and wealth-protection strategies to achieve financial goals, discussions of 'bad' and 'good' debt, and plenty of financing insights: any general public lending library will want this.
Diane C. Donovan
California Bookwatch
Missed Fortune - Light February 28, 2007
10 out of 11 found this review helpful
Smart loans, option ARMs, Pick A Payment what every you want to call them are blunt instruments used by the not so sophisticated buyer. While the concept presented in Untapped Riches does have some validaty a similar and more powerful concept is presented in a much more comprehensive and meaningful way in Douglas Andrew's Missed Fortune. Untapped Riches is a good place to start but will leave most with too little knowlege to do anything meaningful.
It's not rocket science February 11, 2007
8 out of 10 found this review helpful
Truthfully, many people out there have been doing this sort of thing for years. The authors seem to do alot to stretch a pretty simple concept into a full fledged book. In this case - I say read it, understand it and put it in your toolbox just in case you need it. Understandably, some will not want to take such risks. Buy this one used!
Untapped Riches or How to Buy Property Without Ever Really Paying For It January 12, 2007
14 out of 23 found this review helpful
These two mortgage brokers really deliver the goods with their approach to investing, but at what cost? Sure, don't pay your mortgage, and with the money you save you can "purchase" more property, and don't pay those mortgages either--just keep investing. In the end you will have amassed a fortune and you won't have paid (much) for any of it, because if you are using so-called smart loans, you won't be paying any principal (at least for as long as you can get away with it). Just like gambling, one can become addicted to this type of speculation posing as wealth accumulation.
If "greed is good" is your motto then this book's for you. No pesky values like integrity mentioned here. According to these authors owning your own home outright is a 20th century concept whose time has passed--financing for as long as possible (like forever) is the new black.
Though the writing style of Susan and Anthony Cutaia is less than collegiate, they do get their misbegotten point across.
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