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    Nickerson's No-Risk Way to Real Estate Fortunes
    Nickerson's No-Risk Way to Real Estate Fortunes
    Nickerson's No-Risk Way to Real Estate Fortunes
    Audiobook6 hours

    Nickerson's No-Risk Way to Real Estate Fortunes

    Written by William Nickerson

    Narrated by Troy W. Hudson

    4.5/5

    ()

    About this audiobook

    Nickerson restates his formula for success in real estate, which, in case you've not heard it lately, goes like this: purchase residential property in need of rehabilitation, provide the necessary improvements, and sell the property for a minimum 25% profit. Case examples are used to illustrate refinements such as looking for opportunities in inner cities and keeping an open mind to creative financing possibilities.

    Nickerson is an experienced pro whose How I Turned $1,000 into a Million in Real Estate in My Spare Time is a classic.

    There are many obvious ways to make a fortune. One is to gamble. You might get rich overnight. But gambling is not a sure thing—that's why they call it gambling. There are other speculative, get-rich quick schemes—like buying real estate with dangerous nothing down balloon-payment financing and bleeding, rather than improving, the property - but most easy-money fantasies turn into nightmares and breed negative losses instead of positive profits. By far the surest road to a fortune that can match or surpass your golden dreams is to buy, with sound financing, fixer-upper properties that you can improve. You can choose from millions of deteriorated or obsolescent properties with repair and improvement challenges that you can readily correct. Many owners just do not have the gumption to fix up wounded properties that have bled their lives away with age and neglect. If you have a little courage and imagination, you can buy such distress properties at a bargain, correct imperfections, and make a sure and spectacular profit. This gives you a built-in safety factor that guards you against going wrong. If you faithfully follow my principles it is just about impossible to go broke. The only question is not whether you will make a profit, but how much you will make!

    LanguageEnglish
    PublisherHN Publishing
    Release dateJan 1, 2018
    ISBN9781509491490
    Nickerson's No-Risk Way to Real Estate Fortunes

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    • 5/5
      Excellent read. I like this gives a real example of someone building Wealth through real estate and especially multi family apartments. One negative is that it is outdated, but that does not take away from the its benefit. I admit that much of the creative financing they through towards the end is over my head and I will have to re listen/read those parts again. I can't believe rent was $400 in Oakland. When I lived there in 2010, that wouldn't get you an outhouse.