Successful Real Estate Investing: How to Avoid the 75 Most Costly Mistakes Every Investor Makes

by Robert Shemin

Book Overview

Successful Real Estate Investing is written specifically for novice investors who want to get started with confidence. It highlights 75 of the most common mistakes investors make and offers specific, real-life strategies for avoiding them. Each mini-chapter covers one mistake and offers pearls of wisdom based both on Robert Shemin's long experience as an investor and on case studies of investors he has met or assisted along the way. For investors...

• Format: Paperback
• Language: English
• ISBN: 0471453978
• ISBN13: 9780471453970
• Release Date: December 2003
• Publisher: John Wiley & Sons
• Length: 250 Pages
• Weight: 1.11 lbs.
• Dimensions: 0.6" x 7.6" x 9.2"

Customer Reviews

A superb supplementary resource for savvy investors

Successful Real Estate Investing: How To Avoid The 75 Most Costly Mistakes Every Investor Makes lists many common errors in judgement that real estate buyers make - mistakes that can be horrifically costly when investing hundreds of thousands of dollars into property. From relying on what people tell you instead of what they actually do, to overspending on rehab projects, to failing to review one's finances, progress, and overall activity at least once a week (a comon business problem) and much more, Successful Real Estate Investing charts critical pitfalls to avoid. Appendices offer means to find great real estate deals, top 10 common mistakes complete with lists for the reader to write in, six basic rules of negotiation such as "never mention a number unless you absolutely have to" and "get it in writing", and much more. A superb supplementary resource for savvy investors seeking to learn the easy way - from other people's mistakes rather than one's own.

Great Book....sound advice for every real estate investor

This is a very good book that offers sound advice to investors. Any one of these 75 mistakes could cost someone a bunch of money if they didn't know what to look for and avoid. Someone once said about investing, "At all levels of play, the secret of success lies not so much in playing well as in not playing poorly." With that in mind, this book will serve a very definitive purpose for real estate investors who are going about investing one investment at a time, learning as they go, and trying to keep as much of their profits as they can.

Want to Stop Spinning Your Wheels?

If you are in a real estate investing rut, sitting on that investing plateau, or are having trouble moving forward and need to sure-up your strategy, this book is an excellent resource to get you over the hump and on your way. I heard once a quote about investing that I think this book nails on the head, "At all levels of play, the secret of success lies not so much in playing well as in not playing badly." Anyone who has ever been involved in real estate investing, or any kind of investing for that matter, knows this to be fundamentally true. Mr. Shemin, in this book and a couple of his other books I've read, has a way of breaking down those hard-to-understand "investing doctrines" and presenting them in laymen's terms, quite a feat given his background as an attorney, just kidding. I think here, he covers critical real estate investing material that is applicable to every real estate investor, regardless of level or experience. Two thumbs up.

Tired of making mistakes...BUY THE BOOK!!!

Where was this book three years ago? FINALLY a practical, step-by-step, how-to not book on real estate investing that will help any investor at any level avoid critical mistakes - that may cost you your business and will take away your peace of mind. Shemin - you solved many of my rental and tenant problems, taught me how to use systems, and implement policies and procedures so that I am now running my real estate investing business instead of it running me. After an assessment, I have made at least 35 of the mistakes. There is no way to tell how much money I lost or left on the table as a result of these errors. I am confident that I will not make these mistakes again and you have spared me from the additional 40 mistakes. Thanks for making my business work...just what the real estate investing Doctor ordered. THANKS!!!

A must read for everyone who is anyone

Finaly,understanding what I've been doing wrong for so long! Not only could I identify with specific situations he talked about in each chapter, I thought it really flowed together what a increadable book! After reading Robert Shemin's 75 most costly mistakes, I now know "hands on" how to correct MY most costly mistakes. I strongly recommed this book to anyone who owns, invests, or manages propertites. His book was truly an eye opener. One of the best real estate investing books I've read in a long time. It literaly taught me realistic techniques on how to manage my properties, and not to have my properites manage me.