September 26, 2009

Buy Even Lower: The Regular People’s Guide to Real Estate Riches (Regular Riches) (9781419535741): Scott Frank, Andy Heller

It’s Saturday. That means it is time for Burbed’s book of the week!

Amazon.com: Buy Even Lower: The Regular People’s Guide to Real Estate Riches (Regular Riches) (9781419535741): Scott Frank, Andy Heller: Books


Review
“A book every real estate investor will love.” — – Ilyce R. Glink, nationally syndicated investor columnist

“On my scale of one to 10, this outstanding book rates a solid 10.” — – Robert J. Bruss, nationally syndicated real estate columnist

Product Description
Scott Frank and Andy Heller have been buying investment real estate for a combined 40 years. In Buy Even Lower, learn how they consistently buy these properties for the “right investor price.” Additionally, they show you that “buying even lower” is about more than simply saving money. It is also about saving time and energy, so you have more of it for your friends, family, and other interests and so you are positioned to live a full and wonderful life—what Scott and Andy refer to as Regular Riches®.

Let’s face it, there are investment opportunities all abound, especially in not so great cities. The problem is, often those people aren’t as smart as the ones in the Bay Area – they’re more emotionally driven, with no business sense.

I’m talking about New York. With you heaps of equity stashed away in your money bin, now is the time to unleash some of it, and scoop up some of those investment opportunities in NY. With this book, you can figure out how to buy those properties up cheaply, so that when Bay Area pioneers start treking out easy to spread the good news about greentech, you’ll be there to watch Manhattan transform from a rust belt city, to a greenbelt city. And watch as your property soars.

So go ahead, buy this book. Learn to buy even lower.

And when you become rich from your newfound negotiation skills, please help this site out, click this link to learn more!

Comments (11) -- Posted by: burbed @ 5:26 am

11 Responses to “Buy Even Lower: The Regular People’s Guide to Real Estate Riches (Regular Riches) (9781419535741): Scott Frank, Andy Heller”

  1. UnrealAlex Says:

    You’ll GASP! As regular people buy even lower, and watch it goes STILL EVEN LOWER!

  2. Jean Says:

    The amazing thing is — Robert Bruss has at least three blurbs on three different books on this site. And they are essentially the SAME blurb.

    Does that make him a blurb whore?

  3. Joe Says:

    If you’re an “investor” and truly believe real incomes will rise, credit will expand and be cheap, exotic loans and fradulent lending will come back, rental vacancies will be low, and unemployment will be low, then now is a time to buy; if not, then you’re a fool to buy in this market.

  4. UnrealAlex Says:

    Frighteningly, there are a lot of ppl out there who believe these things. It’s already bottomed etc etc etc.

  5. anon Says:

    Actually its kind of good. I’d rather moronic individuals step up to bail out the banks than the government forcing everyone to do it.

    Thank god for kool-aid intoxication.

  6. anon Says:

    Here’s the sure fire way to “buy even lower”:

    Wait until 2012.

  7. nomadic Says:

    burbed – with all due respect, do you proofread the featured posts?

  8. BuyersAreIdiots Says:

    More good news for California:

    http://realestate.yahoo.com/promo/americans-tame-their-wanderlust.html

    Nice exodus from Florida and California going on. With many folks heading to Texas!

  9. nomadic Says:

    Sounds like bob needs to go (to Texas) before he’s priced out forever! ;-)

  10. bob Says:

    Sounds like bob needs to go (to Texas) before he’s priced out forever!

    I’ve been looking. A few years ago there were forums full of people wanting to move to Texas. Now that number has dwindled. Also seems that foreclosures are rising in Austin. Their bust is about a year and a half behind ours.

    Austin is not what I would call a super-cheap area. The nicer areas in the hills are as much as $400,000-$500,000. The killer is the taxes, which are 3% in some areas. On the other hand, the grungier parts- or rather the “hipster” areas are still pretty cheap because they’re not as family-friendly. That and the taxes there are lower because Texas has a tax system where if you live near a good school, new this or that, the residents pay more in taxes for them. Kind of works out well. No kids? Fine- move to an area with no schools and your taxes/house will be lower.

    That said… there still seems to be quite a bit of interest amongst younger people like me wanting to move to Austin and other cities. Its a tad bit concerning I have to admit because the bay area bubble was a nightmare. I’ll be damned if it happens to me again elsewhere. My thinking is that if I can get out of here while the economy is bad, by the time I buy a house in Austin things will have picked up and hence I will have “beat” all the other assholes that are movin’ in. Yes- I realize that I am contributing to the problem!

  11. Axxel Says:

    Austin is not what I would call a super-cheap area. The nicer areas in the hills are as much as $400,000-$500,000.

    I’m sure you can spend that much or a lot more, especially for the top of a hill. If I still lived there I might do that just for the view. But its _not_ necessary to go that high for a typical commute, schools or any of the usual livability reasons.

    Let me point you at an old thread (you participated):
    http://www.burbed.com/2008/06/13/friday-the-13th-what-would-happen-if-a-lot-of-bad-luck-struck-here/

    Look at the neighborhoods mentioned as a good start. Willowglenner’s fixation in the thread on Tarrytown isn’t completely incorrect, its very nice, but unless your goal is bragging rights (not my impression of you) then you can spend a lot less and meet all your goals.

    The killer is the taxes, which are 3% in some areas.

    Apples and oranges. Remember, _no_income_tax_.

    That and the taxes there are lower because Texas has a tax system where if you live near a good school, new this or that, the residents pay more in taxes for them. Kind of works out well. No kids? Fine- move to an area with no schools and your taxes/house will be lower.

    This arrangement has been in flux for many years (http://en.wikipedia.org/wiki/Robin_Hood_plan) and I would bet it will change again. I wouldn’t make it a major part of your decision. Assume your property taxes might increase (to howls from everyone) and bank the income tax savings.


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