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canyoneer
Sep 13, 2005


I only have canyoneyes for you

Four Finger Wu posted:

William Nickerson is dated, but a good general strategy - he focuses on buying properties, fixing them up, and then trading them for bigger properties also in need of fixing. His first book is How I Turned $1,000 into Million in Real Estate in My Spare Time (http://www.amazon.com/Turned-into-Million-Estate-Spare/dp/1607964244/)... followed by updated versions Three Million (http://www.amazon.com/Turned-Three-Million-Estate-Spare/dp/0671201255/) and Five Million (http://www.amazon.com/Turned-into-Million-Estate-Spare/dp/0671253689). It looks like One Million has been reprinted but Three and Five are still old editions. The books are very old so they are a bit folksy and recommend discriminatory practices that are illegal in the US these days, but it is entertaining and his general philosophy is sound.

You can decide if you want to shell out for his books, but John T. Reed has some good conservative free information about investing, and some pretty haterish (but generally well-deserved) comments about other gurus. He recommends Nickerson. http://www.johntreed.com/realestate.html

I just read some articles on John T. Reed's site, and wow, that guy is a bitter, skeptical, old crank about real estate. That's probably the attitude that you have to have to consistently make money in that field though.

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