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 | David Bach | What better way to help

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The Automatic Mill...

	The Automatic Millionaire Homeowner: A Powerful Plan to Finish Rich in Real Estate David Bach Broadway, 2006 - 272 pages average customer review:based on 46 reviews view larger image
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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.

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Renters:Read this book

This book is a 5 star book if you are looking for a book to inspire you to be a first time home owner. 80% of this book explains the entire process of how to become a homeowner, it would have been very helpful to me before I bought my first home 16 years ago. He explains mortgages and how they work, what kind of real estate agent to use and what to look for in making your choices. 20% of this book explains why it is important financially to own your own home. For example: Homes rise in value on average 6% a year. So if your home is valued at $100,000 it will grow in value by $6,000 a year. This can add up quickly in equity and will turn out to be one of the greatest investments you have ever made. David Bach believes that home ownership is essential to becoming an automatic millionaire. This book briefly discusses how wealthy you can become by keeping your homes as rental properties as you trade up to larger homes. This book is not about "flipping" properties it is about owning them for the long term. I would highly recommend a beginner in real estate or personal finance to read this book it will be very useful, however this is not for current home owners or real estate investors. I will be giving this book as a gift to my children when they turn 18. Owning a home is essential to financial success, even though I am uncomfortable with Mr. Bach's advice to leverage debt for multiple houses.My first starter home made me $40,000 in 10 years when I sold it.

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What better way to help

David Bach couldn't be more right on with the "Automatic" part of his book. I am a real estate agent and for years when someone bought a house from me I would give them a fruit basket or gift card. Now I send them something of great value. I send them this book and only this book. They look a little strange at me at first but after they've read it they become excited and can't wait to begin their journey to be millionaires as homeowners and I got to be a part of it. The return to them will be great. The return to me will be great too.

Great New First Home Buyer Advice!

I bought the book not knowing what to expect , however it had so many good tips that are relevant to buying a home for the first time. It also extends great advice about real estate as an investment. I recommend it to anyone looking for good sound, structured advice about investing in a home.

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Knowledgable

This product is well worth it's money. It has many pointers, directions, and links to better your knowledge. Remember, knowledge is power.

Enthusiastic Primer on Initial Home Ownership

The title of this book may be a bit over-reaching but this is a good primer for those who are looking to leave renting behind and embark on home ownership. Author Bach offers a thorough primer into the wisdom of getting into the real estate market and buying a home. This is NOT a get-rich-quick scheme, but rather an approach for a patient person.

One caveat is that many of Bach's principles work better in a rising real estate market. In some markets, this advice could render you An Automatic Bankruptcy Case.

Since the book's publication, the residential real estate market has cooled or tanked in many areas. This may make it tougher in the short run to recoup on some of Bach's advice. In fairness, he recognizes in the book the cyclical nature of real estate markets and recommends a long term discipline in holding real estate in up markets and down cycles.

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