| |
Shop
| |  |
|
Best Sellers
| | Home The Automatic Millionaire Homeowner: A Powerful Plan to Finish Rich in Real Estate | |
|  | |  | | | The Automatic Millionaire Homeowner: A Powerful Plan to Finish Rich in Real Estate | | | | | SKU:
CB-DXW5-JRUU | | In Stock | | Availability:
Usually ships in 1 business days | | Only 4 left in stock, order soon! | | | | | | Imagine this. You buy a home, live in it, then buy another. You build your wealth through real estate—and then retire rich. It may sound too good to be true. But it’s not. It has happened, it’s happening now and it will continue to happen for millions of people over the next few decades. The question is, will it happen for you?
If you want the answer to be “yes,” then stop what you are doing and open this book. Read a few pages. Bach’s simple strategies make you rich where you sleep. All you have to do is follow his easy program to go from renter to owner, and from owner to Automatic Millionaire Homeowner. The rest is automatic!
What’s the secret to becoming a millionaire in real estate?
Since the runaway success of David Bach’s #1 New York Times bestseller The Automatic Millionaire, people all over the world have asked David the same question—is it really possible for me to get rich in real estate?
Now, in The Automatic Millionaire Homeowner, David Bach reveals why buying a home and investment properties is not only possible, it is the surest way to reach your seven-figures dreams on an ordinary income.
The Automatic Millionaire Homeowner starts with the powerful story of an average American couple with a modest income who stretch to buy their first house for $30,000 and retire 35 years later owning a home on a golf course and rental properties worth over three million dollars. Through their story you will learn the surprising fact that even if you have cheap rent you can’t get rich renting! You must first own a home, and make it the foundation on which you build your financial security.
What Makes The Automatic Millionaire Homeowner Essential:
You don’t need a big down payment to buy a home.
You don’t need great credit.
You should buy even if you have credit card debt.
You can buy a second home even if you’re still paying off the first.
You can get started in any market–boom or bust.
It’s easier to be a landlord than you think.
Whether you are a renter or already own a home, David Bach gives you a lifelong strategy for real estate based on timeless wisdom that is tried and true. He includes everything you need to know, with step-by-step instructions, including phone numbers and websites so you can get started right away. His road map to ownership is easy to follow and, best of all, it makes the process totally automatic.
As long as you’re alive, you have to live somewhere. Why not let where you live make you rich? David Bach will show you how. | | | |
List Price:
| | |
Our Price:
| $19.95
& eligible for FREE Super Saver Shipping on orders over $25.
| |
You Save:
| |
| | |
|
| | Product Details | | Author: | David Bach | | Hardcover: | 272 pages | | Publisher: | Crown Business | | Publication Date: | March 07, 2006 | | Language: | English | | ISBN: | 0767921208 | | Product Length: | 8.46 inches | | Product Width: | 6.0 inches | | Product Height: | 0.85 inches | | Product Weight: | 0.92 pounds | | Package Length: | 8.2 inches | | Package Width: | 5.6 inches | | Package Height: | 1.1 inches | | Package Weight: | 0.9 pounds | | Average Customer Rating: |  based on 51 reviews |
| |
| | Customer Reviews | Average Customer Review: ( 51 customer reviews )
Write an online review and share your thoughts with other customers.
Most Helpful Customer Reviews
220 of 237 found the following review helpful:
 Be Extremely Cautious. Mar 17, 2006
By Mr. Lu.
David Bach came to fame as another of Oprah's protégées. He is another self-appointed financial guru that caters all those millions of Americans that haven't figured out yet that is better to save than to get the balance of your credits cards thru the roof.
He publishes about one book a year with different title and cover but same content, just know that if you have read "The Automatic Millionaire" or others there is no need for you to buy this book, there is nothing new here.
All things being fair he has offered in the past good and common sense financial advice, all that ends here with "The Automatic Millionaire Homeowner". The advice is bias; we know that Bach is now readily accepting endorsements from banks and financial institutions of the likes of Wells Fargo. This is also one book centered on the "glamour" of real state. Just makes it look so easy; but reality is that not everybody is prepared to invest on real state, the risks are tremendous and of course this book does not cover them deep enough.
It also states that owning is cheaper than renting, which it's true in most cases, but then again, check your financial situation before jumping to ownership and make sure you can handle it. By owning your expenses will increase and possibly double, apart from down payment and mortgage payments, you will have to pay insurance, taxes, trash removal, sewer, water, maintenance, utilities (if you move from a condo to a house this bill may be up to ten times higher than it used to be), and the list goes on, so understand what you are getting into and make sure your monthly cash flow can handle it.
The most concerning part of the book is the one devoted to the different types of mortgages. It advocates very risky choices like interest only loans, no down payment options with not enough emphasis on the risks involved. Again educate yourself before being lured into any of these very risky propositions. Remember that the rate of foreclosures is skyrocketing in this country and one of the main reasons is the amount of people that find out that can no longer make their monthly payments because they picked one of those mortgages and suddenly the monthly payment is much higher than it used to be.
Do not allow that to happen to you, for sure you will find somebody to give you a loan regardless of your financial or credit situation; take the time to understand what you are getting into, or there will be no financial guru out there that will save you of the consequences.
Summarizing, skip this one, if you want fair and no bias advise pick any of Bach other books and keep it simple, make a plan, save and one day, sooner than you think you will be able to get a house and call it your own without jeopardizing your future and your family's.
57 of 58 found the following review helpful:
 Rehash and Hackneyed Mar 26, 2006
By James H. McDuffie
The best in the series was the first book. He was careful in detail, respectful to the reader, and not sold out. There is a lot of decent advice in this book and he does not commit some of the sins he has been accused of by other reviewers. But, the book is not particularly timely (this is the kind of book that potential homeowners needed to see circa 2000) and it does seem to cater to the mortgage industry although with careful selection this may not be bad for most people. Despite the claims of several reviewers, the stories that drove the other books are also here in this book. I don't believe it is the complete rehash of the older books some others claim, but today it is hard to determine the market for this book. Most people that have enough money to buy a house are doing so or have done so, and many of those left are the nonqualifying mortagages and no-down-payment types. To write a book supporting those activities may not be a particularly consumer friendly thing to do in these times. Also, the rental and flipping advice seems trivial and flip. Plenty of people have been "gotten" in both activities. Real estate does not go up everywhere. Nevertheless, this book does contain, on the whole, some pretty good advice for the first time homeowner and the author does mostly recommend 30 and 15 year mortgages.
29 of 33 found the following review helpful:
Buyer Beware Mar 18, 2006
By A Writer
Bach keeps taking the same information and recycling it with new titles. You just need one of his books and you will have enough information. 'Smart Women Finish Rich' or 'automatic millionaire' is enough.
Second, he encourages people to buy now and does not emphasize the risks strong enough. He encourages risky mortgage options to people with little financial experience which could get a lot of peopel in hot water if they are not careful.
third, he is buying into the real estate boom just like everyone else. This was the right time to write this book and make money so keep that in mind.
Four, he is really pushing that everyone buys a home NOW. this is very, very bad advice. He even encourages people with no down payment to look into risky options like piggyback loans without thoroughly going over the risks. not everyone should buy NOW and real estate CAN lose value. investments go in cycles just like anything else. People in California were in a real estate RECESSION for ten years. so these gurus who tell you real estate will never drop are full of it. You need to have enough money and you need to get a mortgage you can afford regardless of what the bank will give you. Buying now is NOT right for everyone, especiially if you plan to live in your house less than 5 years, you might be forced to sell as the market is sliding, and then you'll have all those people from the foreclosure seminars circling around you.
Be careful. There are much better books on the market about real estate that very throughouly tell you all the risks.
Remember how everyone had to buy stocks during the dot-com boom and look what happened. the market is still down from its peak in 2000. Again, buyer beware.
13 of 13 found the following review helpful:
 Good Introductory Book Mar 21, 2006
By Mr Makochan
In response to a lot of these negative comments I thought I would take the time to qualify some of the content in this book.
I personally thought that the chapter on mortgages was fairly comprehensive and fair in explaining the pro's and con's of each type of mortgage.
Even though other reviews say that the author encourages "dangerous" "no-down loans", he does also state that a 30-year fixed is what he would personally recommend and also says that its the safest type of loan. He includes both sides of the argument and doesn't necessairly encourage the reader to over-strech oneself financially. If anything the author recommends using "rules" recommended by HUD and other goverment organizations that say stick with between 24-40% of your gross income. He includes a table that show what amount of mortgage would be reasonable for a certain income. He encourages to stick within these bounds and not use up an upwards of 50% of one's income towards monthly payments because its too risky.
I also don't think he is recommending to buy/own a house at all costs. But I do think he has a reasonable argument to say that the returns on buying a house could be advantageous over investments in equity/stocks/etc, considering the fact that he is recommending this "automatic" method needs to be a long-term investment. Sure the real-estate market can deflate for a few years, but he argues that if you stick through it, the average return on real-estate has been around 6% for the past 60? years. Factor in the fact that you can deduct interest paid from your income and the return on the investment rises even more.
In addition to the chapter on "Mortgages", the chapters on "saving up for a down payment", "finding a mortgage lender", "finding a realtor/real estate", are all have helpful information for those just starting out. I'm sure there's other books that will go into greater detail for each of these topics, but the author does a decent job summarizing each aspect while still covering a lot of information. There are a lot of good recommendations for different websites that could be of further help.
I would agree with the other reviewers that some of his content is recycled, but a lot of the material is new. If you are unwilling to spend the money, just go to a bookstore and read a chapter you're interested in and decided for yourself whether its all fluff or if there is information that is worthwhile. You can even go to his website and download the accompanying mp3's for free.
In the end, the book does a fairly good job of summarizing all the major steps of owning a home/investing in real-estate and why he believes that this financial decision can lead to great returns.
12 of 12 found the following review helpful:
Decent Read Apr 17, 2006
By monique s watts
"MK"
I must admit that I feel as though David Bach recycles the same information in all of his books too. I was actually surprised that there was new information in The Automatic Millionaire Homeowner though. Since my husband and I are homeowners, I felt as though this would be a good read for us. I was disappointed that there wasn't enough information for people who already own. I felt like this book is a great read for renters and first time homebuyers but there wasn't enough information for those interested in becoming landlords.
See all 51 customer reviews on Amazon.com
| |
| |
| |  | |  |
|
Recently Viewed | You may also like ...
|
