Mortgage-banker

Pretty much everything that was said in this book was in my first choice (Invest in Yourself: Six Secrets to a Rich Life). If I would have known the book as going to be more than 80% tables, I would have never ordered it. Most of the information contained in this book can easily be found on the web. Needless to say, I was very disappointed with this book. I guess that's what happens when you buy online as opposed to in a bookstore. I could have flipped through this book in 20 or 30 seconds and realized that most of the pages were tables that needed more detail. What I found funny is that I received this book 2 whole days before I received my first choice and that's because my first choice supposedly was shipped before my second choice.

Here is what this book says. Paying your mortgage off faster than your payment schedule will save you tens of thousands of dollars. True, but what is the time value of that money you spent on your mortgage? Could you have "made" more in the stock market or somewhere else?

Yet the author belabors the point ad nauseam, giving examples about how much you can save paying a little more per month.

Basically, he does not give the full story. When you pay off your loan early, you are also paying a net higher interest rate. Scim this book at the bookstore. The best secret is not buying this book!

This book provides excellent advice on what were until now--to many--secrets of the financial industry.

Just a note on a previous review: many banks say they will NOT accept prepayment. I know of a way that every bank approves up, that saves homeowners thousands in unnecessary interest and cuts years from their mortgage. I'll gladly call or email anyone who sends an email on this subject.

I'me new to real estate investing and I found this book very helpful. In particular, I enjoyed the sections on investing, financing and taxes.

If you want to invvest successfully in real estate, I highly recommend this book.

In fact, I wouldn't invest without it!

I have read many real estate books and found most say pretty much the same thing. This book by Dolf DeRoos is different.

You won't find 1,000+ pages of worthless drivel like some financial books, just meaty, powerful stuff that really works.

You'll want to add this one to your must read list. Great book.

My wife bought the book for me as a Christmas gift in 2002. Wow! This is by far the best book I've read on how to build wealth using real estate. Dolf clearly explains how buying property is one of the most common wealth building tools used by the rich and famous. Quick question. Do ya think Donald Trump makes billions of dollars working for someone else? No! It's from owning real estate. Lot's of real estate that has appreciated over time. On a personal note, because of this book, real estate has started to provide me a with a steady monthly pay check for the rest of my life. In today's world, no JOB can offer that.

In the spring of 2003 I refinanced an existing property for over $37,500 and reinvested it into two multi family homes. I never thought of my equity as tax free investment capital. Each home has a positive cash flow of over six hundred dollars per month. After property management fees, I net over nine hundred dollars per month. I plan on buying twenty eight more properties within the next ten years using what I learned from this book. My goal is to earn over $25,000 per month in positive cash flow from my business. As Dolf points out, owing properties should be treated as a business if you want to succeed. To my ears, that's good sound advice.

My only criticism of Real Estate Riches is that Mr. De Roos spends the first third of the book trying to convince the reader that real estate is the BEST investment of All Time.
Personally, I still enjoy selling call options on stocks and profiting handsomely in an up or down stock market. I will say that adding real estate to my over all investment portfolio is one of the best things I have ever done.

If you enjoy living pay check to pay check DON'T order this book. However, if you're seriously looking for a way to make a better life for yourself and your family, this book is a must have!