by Bruce M. Firestone (Author)
Many people are tired of poor returns on their bank savings accounts, pension plans, insurance policies, t-bills, IRAs, 401(k)s, bonds and mutual funds as well as stock portfolios. Why do so many of the wealthiest families around the world have all or substantially all of their wealth invested in real estate? It's because real estate investing is virtually the only strategy that works. In a recent Bloomberg Businessweek ad, a major bank said, "Can you really call it a SAVINGS account if it's only earning .01%?" Their answer? Put your money in their Online Savings Account which pays 0.84% Think about that for a minute. If you would like to retire with an $84,000 annual income, you'll need $10 million in cash in that account. This book by Bruce M Firestone, PhD, lays out an alternative strategy that really works. What if you could buy, say, two residential rentals and one industrial condo that generate net operating income of $84,000 a year? Now that sounds more doable. Firestone knows because he has coached many clients to success by exploiting opportunities in real estate. "This book is really educational and informative for both beginner and advanced real estate investors," Brent Mondoux, N-VisionIT Interactive. Firestone's strategy is simple-you make money in real estate when you buy not when you sell so buy when everyone else is selling and sell when everyone else is buying. In real estate, if you overpay, you never catch up. This is called buying smart. Firestone shows you how with plenty of examples, stories and spreadsheets.