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How I Turned $1,000 into Three Million in Real Estate in My Spare Time, by William Nickerson
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How I Turned $1,000 into Three Million in Real Estate in My Spare Time
- Sales Rank: #79282 in Books
- Brand: Simon & Schuster
- Published on: 1969-06-24
- Original language: English
- Number of items: 1
- Binding: Hardcover
- 544 pages
- Great product!
Most helpful customer reviews
48 of 50 people found the following review helpful.
Outstanding !!!
By A Customer
I have read all 3 editions of this book over the last 25 years, with outstanding results ( The 1959 "How I Turned $1,000 into One Million Edition", the 1969 "How I Turned $1,000 into Three Million Edition" and the 1980 "How I Turned $1,000 into Five Million Edition ")
I strongly suggest the How I Turned $1,000 into Five Million edition if you can get your hands on one,
written well over 20 years after the original edition it's much harder to find then the previous editions but it's also most up to date and has much more information than the previous editions, well worth the the trouble trying to obtain it since Mr. Nickerson had 20+ years of extra experience in real estate which was reflected in the last edition
Mr. Nickerson was one of the few people who grew richer each year till the day he died in 2000 using the techniques he outlined in his books
29 of 29 people found the following review helpful.
A must for every one interested in real estate investing
By A Customer
William Nickerson and his classic book HOW I TURNED $1,000 INTO ONE MILLION IN REAL ESTATE IN MY SPARE TIME has probably created more millionaires than any other book in investing history.
It simply is a masterpiece of common sense advice, no matter what type of investing you are contemplating
What makes Nickerson's book so good?
His writings are crammed full with practical and real guidance on real estate investing with a proven technique for making money that really works.
No get-rich-quick hype. No motivation speeches or excessive cheerleading. No nothing down promises of instant wealth or easy profits.
Just tons of genuine advice real estate investors need to hear.
Nickerson's method of making money in real estate is so common and understood people still speak about "Nickersoning" properties more than forty years after his original book was published in 1959
Nickerson's book is filled with real world advice. He offers readers the same situations they would find in their world. Sample advertisements that could have been pulled out of any newspaper. Reality based properties with defects and flaws often trying to be hidden by their owners. Brokers that try to mislead with phony price estimates and bogus numbers. This is, unfortunately, the way the real estate world really is. It isn't all peaches and cream. Most people are honest but notice I said most, not all.
Contrast this almost cynical approach with the silly advice many real estate books offer readers. Instead of shrewd and often unscrupulous owners attempting to disguise property defects to maximize profits, we meet naive and motivated sellers who will allow buyers without jobs or credit to purchase their property equity on a nothing-down basis. Or better still, even loan these buyers the broker's fee and closing costs to do so! So many real estate courses and gurus offer a world filled with dumb and hypermotivated sellers to show how their techniques would work in theory, but Nickerson prepared readers for what actually exists in the modern real estate world.
Sadly, William Nickerson died in 2000. He wrote books on other subjects but he will always be known for his original 1959 real estate masterpiece and its later revisions which also contain much more infromation then the original like HOW I TURNED $1,000 INTO FIVE MILLION IN REAL ESTATE IN MY SPARE
11 of 12 people found the following review helpful.
Gross Income factor X100
By WillyMiranda
This is an old book but all the principles described still apply to today's market. The one item that caught my attention was the formula he used to recognized a potential investment. If you were to purchased a rental property and the rental income is $985 per month than you should pay no more than $98,500 for this investement( $985 X 100 ).
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