Reader's Reviews
***
Want to own an investment property? And make a profit? Then read this book. Great offering of insight on lending, tenants, and cash flow. Leads you chapter by chapter in his experiences and business strategies. It is a short book but the material he covers is not just the basics but a foundation for knowing what you need to know next.
***
I think "2 Years To A Million" was a very good take on the business of cash flow and RE. Times are changing and it takes some truth + invention these days to keep up with the changing RE markets.
Mitch Stephen
www.MitchStephen.com
***
This book is idealistic at best and savings emptying at worst. This guy hit the real estate market at the right time under ideal conditions. his main philosophy was to over extend your credit and reap the rewards. With him the market was skyrocketing and bologna loans were everywhere. This book has no merit under less than ideal conditions and quite possibly dangerous to new investors.
***
I am very glad that I read this book first. It provides just the right amount of inspiration and information. But after reading more detailed books about value-play strategies and finacial analysis, you quickly learn that this book is designed for novices. That is not a bad thing in itself. But be sure that you know why you are buying it.
I gave this book four stars because it touches upon everything you need to know about real estate investing. 'Touches upon' is the key phrase here, because Martinez fails to go into any specific detail about anything. To his defense, this book was not designed to do that. It was designed to show you that there's really not much to it. Success does not take a ton of money, and it does not take a genius. But it does take hard work and dedication.
If you want in depth detail on financing, financial anaysis, and 1031 exchanges (etc), finish this book and then go pick up a book that focuses on those aspects of investing (and is likely 2x thicker). Do not buy this book expecting it to be a one-stop shop for everything you need to know. Use it as a primer (to find out how much you don't know) and then continue your education. I think Martinez did a fine job, and accomplished what he set out to do with this book.
***
I found this book excellent. He covered all of the bases. Recommend this to anyone starting in commercial real estate and even to those who have limited experience.
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