2 Years to a Million in Real Estate
2 Years to a Million in Real Estate
- ISBN13: 9780071471879
- Condition: New
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Quit your day job! Make a million in real estate! It’s easier than you think! A few years ago, Matthew Martinez was a lot like you – he worked hard to make as big a salary as he could. But it wasn’t enough. He worked by the clock, and yearned to be his own boss. With a small amount of savings, he acquired his first rental property. Two years later, he was making more from his rentals than he was working 9 to 5, so he quit his day job to oversee his real estate investments. Today, he enjoys a multi-million-dollar collection of income-producing properties–and he’s ready to share his money-making strategies so you can begin your own journey to career and financial independence. Two Years to a Million in Real Estateshows
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November 5th, 2010 at 1:44 am
Review by Benjamin P. Goodman for 2 Years to a Million in Real Estate
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In spite of the inspirational title this is NOT a get rich quick infomercial style real estate scheme. You feel the author’s pain as he describes the tenant who doubled his water bill filling up the neighbor’s pool. Then he explains the micro-economics of how that increase in expense effects his property value. As a real estate broker with a good grasp of the market, I found that he does both an excellent job describing property investing fundamentals, but then applying them to specific properties. I highly recommend this book.
November 5th, 2010 at 2:39 am
Review by Brian Slater for 2 Years to a Million in Real Estate
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Like most people considering buying this book, Matt did not start his real estate career with a large sum of money for down payments. He did not receive gift loans from relatives; he was simply the average American with a day job and no huge savings.
His principle is based on leverage and using OPM (other peoples money). To the skeptic and beginners the last sentence might read something like “His principles are based on taking HUGE RISKS” but this is not true. All successful real estate investors use significant leverage. But the key, which he explains is having the knowledge. Risk, is therefore, simply having a lack of knowledge on the subject and Matt is the bridge maker who will close the gap for you.
The great thing about this book is that it is “Fluff Free”. Matt does not just give you a basic principle and then follow with zero detail (which is a major criticism of the great Robert Kiyosaki books). Instead, all 182 pages are packed full of “need to know” information. There are even several appendixes after the 182 pages that give you quotes, further suggested readings, and samples of letters/forms you will need in your own real estate business. I took notes the entire time I read this book and ended up with 20 pages in Microsoft Word, this book is the real deal.
One last word. Undoubtedly, like anything in the world there will always be a few skeptics. Scattered throughout all of the positive feedback on Amazon you will see a comment or two of criticism, do not let this scare you. Everyone has heard the old cliché, “misery loves company” so don’t fall for into these people’s traps. If you take the time to read this book and take action on what you have learned success will be inevitable.
November 5th, 2010 at 3:25 am
Review by D. Luchansky for 2 Years to a Million in Real Estate
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I think Matthew’s book is a good read for the beginning/ intermediate real estate investor. I am 33-years-old and pretty well versed in real estate, having my RE license in CA and having done probably 3-4 personal deals, but the book opened my eyes to some new ideas. For example, Matthew elaborates on a plethora of unique ways to fill a vacancy, how to evaluate in detail potential investment properties, different ways to get financing for down payments, etc. He also lists a ton of other real estate investment books to reference.
I think the main thing I have come to realize from reading his book is that cashflow is king. Building a million dollars in equity really is not the point. Receiving a nice monthly cashflow stream from buying the right properties is what it is about. After I read his book I started evaluating certain investment markets which showed me that you can realistically have probably $50k- $200k to put down and be able to cashflow $1k- $4k a month, which I personally would consider a pretty nice start. And if you’re worth a million and own the right cashflowing properties? Well, I’ll be writing a book like Matthew at that point!
November 5th, 2010 at 4:15 am
Review by JJ for 2 Years to a Million in Real Estate
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The book follows the author on his path to success through real estate management/investment. When I reached the point in the book where the author made his first real estate investment purchase in the summer of 2002 I paused to consider the housing market he succeeded in. With a copyright of 2006, the author must have generated the bulk of his successes between 2002 and late 2005/early 2006 – heady times for the real estate market. His claim that the book will “… teach you how to duplicate my achievements…” is questionable given the present housing market. If he were starting out today would he have achieved so much so fast?
The book is easy to read and I like the way points are summarized at the end of each chapter. I’m just concerned that someone whose advice is based upon an experience gained during very favorable housing market conditions might not hold up under tougher times.
November 5th, 2010 at 4:28 am
Review by gregory dwyer for 2 Years to a Million in Real Estate
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I stumbled upon this book by reading the author’s complementary review of Larry Loftis’ book on duplexes, triplexes and quads. I thought it spoke well of the author to write a nice review of a “competitor” so I gave the book a shot.
I was pleasantly surprised. The book is EXTREMELY complete. (In fact, I preferred it to Loftis’ excellent book) The first several chapters deal with the author’s beginning as a dot com worker who started to dabble in multi-unit investment and chronicles how he quickly increased his net worth and eventually quit his job to devote himself fully to his real estate “empire”.
The remainder of the book was very meaty as well. It basically gives all of the ins and outs of buying and managing properties, including a secion on dealing with Section 8 tenants which I’d not come across elsewhere in my reading. There is also a lot of information about landlording and the laws which deal with it. Martinez seems to be quite the careful sort, and I guess experience in real estate must teach you to always be on the lookout for potential troubles. Perhaps his guidance and advice will allow me to skip any “shortcuts” I might otherwise have tried.
In my view, a successful “how to” book must inform and motivate. Martinez does a good job of that, motivating the reader with the success stories included in the first few chapters while also being extremely informative in the remainder of the book. Don’t be fooled by the sensationalist title, which kind of makes it seem like a get rich quick book (though I’m sure the title helped to sell a lot of books). What the book IS is a thorough manual of how to proceed in investing and managing your rental properties and growing your wealth along the way.
Five stars.