Synopses & Reviews
Review
"The Real Estate Professional: ""It’s one of the best [books] I’ve read on this specific topic. The real strength of the book is that it takes the reader by the hand and provides practical, possible to follow guidance on how to get started on a path toward successful real estate investment in 120 days by following innovative methods..I would list this book as ‘must read.’""
Robert J. Bruss, syndicated columnist: ""Whether you are a new or an experienced real estate investor, the fresh approach of G. William Barnett II in Are You Dumb Enough to Be Rich? provides insight about how to get started in 120 days with smart realty investment methods."""
Synopsis
"No investment strategy has created more millionaires than real estate. Even in less-than-stellar economies, real estate offers a ""safe harbor"" to people wishing to make smart, low-risk investments. And now there’s a foolproof, step-by-step system even financial novices can use to achieve wealth and financial freedom.
Are You Dumb Enough to Be Rich? gives people the resources and information they need to make serious amounts of money from buying and selling real estate. This essential book walks readers through the entire process, providing them with a 120-day plan for starting down the road to building real estate wealth.
Too many real estate books focus on stories and unlikely examples about how other people became rich. Are You Dumb Enough to Be Rich? offers real strategies on finding the best opportunities, avoiding the common pitfalls of real estate investment, and building personal and professional credibility.
Straightforward and easy-to-follow, the book empowers readers to take their first tentative steps toward real estate investing with confidence. Are You Dumb Enough to Be Rich? demonstrates that it doesn’t take a genius to make money -- lots of it -- in real estate."
About the Author
G. William Barnett II (Fort Worth, TX) is Director of Acquisitions at CAPSTONE Properties Group. He was a nationally syndicated television producer before becoming a millionaire through real estate investing. The first edition of Are You Dumb Enough to Be Rich? was chosen by nationally syndicated real estate columnist Robert Bruss as one of the 10 best real estate books of the year when it was published.
Table of Contents
CONTENTS
FOREWORD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . VII
PREFACE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . IX
ACKNOWLEDGMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . XI
1 INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2 THE MINDSET OF A MULTI-MILLIONAIRE . . . OR SOMEONE STOLE
OUR TENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
3 I BOUGHT THE BOOK. WHAT DO I DO NOW?: NINE SUREFIRE
METHODS TO GET MOTIVATED SELLERS CALLING YOU . . . . . . . . . . . 22
4 WOW! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
5 FINDING INVESTORS: COME ON IN, THE INVESTOR POOL IS FINE . . . 41
6 BUYING HUDs: OR HOW TO BE A HUD STUD OR STUDDETTE. . . . . . . 52
7 REHABILITATING HOUSES: TURNING TRASH INTO CASH . . . . . . . . . . 63
8 GETTING TO THE HEART OF REHAB: THE MONEY ROOMS . . . . . . . . . 75
9 FORECLOSURE OR PRE-FORECLOSURE? THAT IS THE QUESTION . . . . 83
10 PRE-FORECLOSURE: THE PREFERRED CHOICE . . . . . . . . . . . . . . . . . 92
11 WHAT IS HOT MAPPING™? WHAT’S HOT AND WHAT’S NOT . . . . . . . 107
12 MORE HOT MAPPING™ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120
13 WOULD YOU LIKE A FREE HOUSE? . . . . . . . . . . . . . . . . . . . . . . . . . 131
14 GETTING PAID TO BUY A HOUSE . . . . . . . . . . . . . . . . . . . . . . . . . . 141
15 MAKING MULTIPLE OFFERS: PICK AN OFFER, ANY OFFER . . . . . . . . 151
16 GENERATING A QUICK SALE: I GOT ‘EM, NOW HOW
DO I GET RID OF THEM? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 161
17 DOING REAL ESTATE ONLINE: OH, WHAT A TANGLED WEB
WE SHOULD WEAVE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170
18 ALTERNATIVE REAL ESTATE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 181
19 BECOMING A LIEN, LIEN, LIENING MACHINE! . . . . . . . . . . . . . . . . . 190
20 IF DEATH AND TAXES ARE CERTAIN, LET’S BE DEAD
CERTAIN ABOUT TAXES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200
21 HOLY COW, YOU’RE A MULTI-MILLIONAIRE! . . . . . . . . . . . . . . . . . . 210
22 THERE IS NO I IN THE (DREAM) TEAM . . . . . . . . . . . . . . . . . . . . . . 218
23 ON THE ROAD TO PLENTY: WEEK 1 OF YOUR 30-DAY DRILL DOWN. . . 228
24 WHERE THE RUBBER MEETS THE ROAD:
WEEK 2 OF YOUR 30-DAY DRILL DOWN . . . . . . . . . . . . . . . . . . . . . 248
25 THIS IS WHERE THE “TUFF” GET GOING:
WEEKS 3 AND 4 OF YOUR 30-DAY DRILL DOWN . . . . . . . . . . . . . . . 260
26 THE FOUNDATION HAS BEEN LAID:
NOW LET’S START BUILDING A BUSINESS . . . . . . . . . . . . . . . . . . . 272
APPENDIX A: RESOURCES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 287
APPENDIX B: SUGGESTED READING . . . . . . . . . . . . . . . . . . . . . . . . . . . 289
APPENDIX C: THE BUSINESS CARD. . . . . . . . . . . . . . . . . . . . . . . . . . . . 291
INDEX . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 293
ABOUT THE AUTHOR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 299