How to Create Multiple Streams of Income: Buying Homes in Nice Areas With Nothing Down

  Author:    Peter Conti, David Finkel
  ISBN:    1893384152
  Sales Rank:    524390
  Published:    2000-07
  Publisher:    Mentor Financial Group
  # Pages:    288
  Binding:    Paperback
  Avg. Rating:    5.0 based on 67 reviews
  Used Offers:    40 from $2.54
  Amazon Price:   
  (Data above last updated:  2008-12-04 04:27:54 EST)
  
  
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How to Create Multiple Streams of Income: Buying Homes in Nice Areas With Nothing Down
  
Join self-made millionaires Peter Conti and David Finkel as they show you how to create multiple streams of income buying homes in nice areas with nothing down.

These are the same two men who led a small group of investors to San Diego, California and locked up over $1.5 million worth of real estate with only $37 down! Now for the first time ever you can learn the inside secrets of exactly how they did it--and how you can too.

You learn:
How to buy homes in nice areas with nothing down.
7 fun, easy ways to earn up to an extra $100,000 this year investing in real estate.
How you can build a million dollar net worth in 5 years or less.
How to win the money game and earn a six-figure income investing from your home.

This book will share with you over 25 ways to find motivated sellers (including specific phone scripts and marketing materials you can use right away.) You'll learn the step by step negotiating system called the Instant Offer System that has made the authors two of the most famous real estate investor trainers of the past decade. And you'll learn how to sell your properties the fastest, easiest way possible. All this and more...

                  Reader Reviews 1 - 15 of 15                 
  
  
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12-03-08 4 (NA)
(Hide Review...)  The 2nd book I read right after Rich Dad Poor Dad
Reviewer Permalink
Peter Conti really explains the mechanics of his system in this book. I wanted to know how to start investing from step 1 all the way to Step 100 and this book started explaining what I needed to do this. From there I found myself being mentored by Peter 3 months later!
(Review Data Last Updated: 2008-12-04 04:31:27 EST)
10-24-06 4 1\1
(Hide Review...)  READ BEFORE BUYING -- Good relevant info
Reviewer Permalink
There is some good relevant information in this book. I think though most people know the 80/20 loan trick (no downpayment, no PMI). In the end, it is truly your credit score that moves your success in this business (or your co-signer's). If you're looking for a way to get "nice" homes with no money down, this book has good info for that query.

I also bought another book called Investing Without Losing by Don Sausa on how to buy real estate below market value. I think both of these books match well and should be considered.
(Review Data Last Updated: 2006-11-06 07:51:19 EST)
05-13-06 4 5\5
(Hide Review...)  I live in Las Vegas & This book works!
Reviewer Permalink
I have read some of the prior reviews. I don't know where some of the reviewers live but in Vegas, these numbers are in line and they work for me daily! While the concepts may not be new to some, they have helped me make alot of $$$ without using my money or credit. There could have been some instances highlighted to let the investor know what to do if your renter does not pay and leaves you with the payment or damages but that is why you don't spend your up front deposits from the renter. You may need it. Screening your renters is the best way to narrow your renter pool to the right candidate. I also work in the mortgage world so I usually have access to their credit prior to them renting. nothing is a surefire thing, but if you want to make big money for basically being the middle man in a well paying puzzle then I would recommend this book. after you read it, all you need is the correct forms and a solid team. By the way, I downloaded this book for free from the authors site which makes it even better. FREE EDUCATION!!! Good luck and remember, you won't get anything worth while if you don't work hard. This falls into that category. Only You can stop you. Money isn't everything but it makes life easier to deal with when you have more of it.
(Review Data Last Updated: 2008-05-18 03:32:06 EST)
05-12-06 4 6\6
(Hide Review...)  I live in Las Vegas & This book works!
Reviewer Permalink
I have read some of the prior reviews. I don't know where some of the reviewers live but in Vegas, these numbers are in line and they work for me daily! While the concepts may not be new to some, they have helped me make alot of $$$ without using my money or credit. There could have been some instances highlighted to let the investor know what to do if your renter does not pay and leaves you with the payment or damages but that is why you don't spend your up front deposits from the renter. You may need it. Screening your renters is the best way to narrow your renter pool to the right candidate. I also work in the mortgage world so I usually have access to their credit prior to them renting. nothing is a surefire thing, but if you want to make big money for basically being the middle man in a well paying puzzle then I would recommend this book. after you read it, all you need is the correct forms and a solid team. By the way, I downloaded this book for free from the authors site which makes it even better. FREE EDUCATION!!! Good luck and remember, you won't get anything worth while if you don't work hard. This falls into that category. Only You can stop you. Money isn't everything but it makes life easier to deal with when you have more of it.
(Review Data Last Updated: 2008-12-04 04:31:27 EST)
09-01-05 5 1\2
(Hide Review...)  Good Book
Reviewer Permalink
I like the book. It has the one thing newbes need the most, scripts, scripts, and more scripts. It written simply and has a good feel to it. Plus the price is right
(Review Data Last Updated: 2007-07-10 17:03:31 EST)
05-03-05 5 3\3
(Hide Review...)  GREAT BOOK!
Reviewer Permalink
This is a great book with great information! The author gives you enough information to make the program work without having to make any additional purchases. The book was very easy and quick to read. I would definitely recommend this book to experienced investors as well as to those who are new to the world of real estate investing.
(Review Data Last Updated: 2007-07-10 17:03:31 EST)
04-30-05 5 2\2
(Hide Review...)  Easy, non-nonsense investing
Reviewer Permalink
This book offers details on finding motivated sellers, finding tenant buyers, plus case studies with hundreds of tips on how to be an investor. As a volunteer for many different non-profit organizations it is important for me to give back. I love the fact that Peter and David promote helping others as you become wealthy in your investing.
(Review Data Last Updated: 2007-07-10 17:03:31 EST)
04-14-05 5 10\10
(Hide Review...)  This book got me started!
Reviewer Permalink
I decided during my senior year in college that I wanted to start investing in real estate. After about a year of investigating and reading about real estate I still hadn't been able to purchase any properties.

Finally I read this book by Peter and David and it actually had step-by-step instructions I could follow and that I felt were a good match with my un-bold personality.

Two years and a half years later I have done 9 deals. I cashed out of one and one was a flip.

If you're looking to get started in real estate, I give this book my highest recommendation.


Emily
(Review Data Last Updated: 2007-06-26 14:26:16 EST)
04-13-05 5 6\6
(Hide Review...)  This book got me started!
Reviewer Permalink
I decided during my senior year in college that I wanted to start investing in real estate. After about a year of investigating and reading about real estate I still hadn't been able to purchase any properties.

Finally I read this book by Peter and David and it actually had step-by-step instructions I could follow and that I felt were a good match with my un-bold personality.

Two years and a half years later I have done 9 deals. I cashed out of one and one was a flip.

If you're looking to get started in real estate, I give this book my highest recommendation.


Emily
(Review Data Last Updated: 2006-06-22 10:56:28 EST)
12-10-04 5 13\14
(Hide Review...)  Fabulous Resource! I Love This Book!!
Reviewer Permalink
After 20+ years of real estate investing, I recently stumbled across Peter and David's book in my research on property. What a tremendous asset it has been!

After reading the first two chapters, every word of it made sense. I have just sold off a property the traditional way and now only have five remaining. However, I'm gearing myself up to implement Peter and David's strategies (or as much of them as possible) for any future deals. Why? Because they make absolute sense and make it the easiest path to real estate investing.

Yes, I agree there are many people spousing themselves as real estate gurus making millions in seminars, because I have attended them. Some of them I have wasted my money. But don't throw out the baby with the bath water, these guys speak experience and have the track record to prove it.

If you look into the follow the evolution of all these seminar gurus, you will find that they all lead back to a few founding people - of which Peter and David are of a handful of those founders. The others are basically copy cats and derived from them.

This is not a "get-rich-quich without effort" book, but if you are interested in real techniques for buying and selling property that will literally propel you to financial freedom, and are prepared to step out into new territory and make some mistakes along the way, get this book. You won't be sorry!!
(Review Data Last Updated: 2007-06-26 14:26:16 EST)
12-09-04 5 7\8
(Hide Review...)  Fabulous Resource! I Love This Book!!
Reviewer Permalink
After 20+ years of real estate investing, I recently stumbled across Peter and David's book in my research on property. What a tremendous asset it has been!

After reading the first two chapters, every word of it made sense. I have just sold off a property the traditional way and now only have five remaining. However, I'm gearing myself up to implement Peter and David's strategies (or as much of them as possible) for any future deals. Why? Because they make absolute sense and make it the easiest path to real estate investing.

Yes, I agree there are many people spousing themselves as real estate gurus making millions in seminars, because I have attended them. Some of them I have wasted my money. But don't throw out the baby with the bath water, these guys speak experience and have the track record to prove it.

If you look into the follow the evolution of all these seminar gurus, you will find that they all lead back to a few founding people - of which Peter and David are of a handful of those founders. The others are basically copy cats and derived from them.

This is not a "get-rich-quich without effort" book, but if you are interested in real techniques for buying and selling property that will literally propel you to financial freedom, and are prepared to step out into new territory and make some mistakes along the way, get this book. You won't be sorry!!
(Review Data Last Updated: 2006-06-22 10:56:28 EST)
07-20-04 5 4\11
(Hide Review...)  Read the book before you Review IT!
Reviewer Permalink
I am completely confused about your reviews. I have just read this book. These authors never professed to inventing the lease-option, come on gimme a break. They never said go ahead and charge $1800 for rent when you pay $1400. And to think that a property would go up from $200,000 to $284,000 in six years, who said that. Look at the big picture even if the prop only goes up 25% of what you hope $221,000 and you only charge $1400 for rent you still come out with $21,000 profit.

Buy a home next door to a cow slaughter house and your right you might even lose some value $175,000 I don?t know. They never said buy anything you can get your hands on and you will get a guaranteed heap of returns. They really press the issue of motivated sellers and getting a good deal. Even Charlton sheets said money is not made when you sell the house it?s made when you buy it. I can also respect that they welcome your Charlton Sheets comments on there website. www.ResultsNow.com.

And, you mean to tell me if I rent my home to a husband and wife with three kids, that if all goes bad for them they might burn my house down and steal my appliances (LOL). Maybe, I missed the part in the book that said find any jacka*s you can and lease-option to them.

Sure there are good tenants and bad ones. Be vigil during your screening. If you move in some crazy college kids you might be asking for trouble. If someone?s credit is hammered I would stay away. But, a few dings I would think are ok. As for putting out 100 signs, I don?t know the laws in every state but assuming its legal is that to much for you to have to do for your $21,000+ dollar payoff (geez) you didn?t deserve a refund.

?Money back guarantee, Take our book, read some of it, and do it half-a**ed. If you don?t make it, we?ll take a loss refund your book and pay your S/H cost and go out of business for YOU ;-)?

Good world, if everyone did business like that. ?If you don?t like the movie we?ll refund your money?

I told my brother to buy these books. When I called him he told me he passed this book up because of bad reviews. Haven't you ever liked a movie that someone else hated? I think bad criticism is a good way to compare the facts. But don?t depend on them. These people don't even seem as though they truly read the book.

They were looking for the easy way to wealth. We all know by now nothing is easy. Life was not made easy. We have to make it easy for ourselves. When Tiger Woods started golf I know it wasn't easy. You think it?s just a bit easier for him now. I think so. We have to find something in this world we like and then make it our lives. That?s the only way we will make it "Rich".

Effort = Payment

To bad we come from a society that spends $1.00 with hopes of hitting the 80 million dollar jackpot. That?s like going to bed every night with hopes of waking up with huge muscles. Hell, you might have a better shot anyway. Don?t buy the book! Who cares! But don?t listen to these ignorant reviews as they are worthless. Read them and solve their lies.

I found this: Pros/Cons Lease-Options
http://tms.ecol.net/realestate/leaseopt.htm



(Review Data Last Updated: 2006-06-22 10:56:28 EST)
05-04-04 1 3\5
(Hide Review...)  What a Fairy Tale!
Reviewer Permalink
This book's primary purpose seems to hype the inexperienced would-be investor into signing up for the author's mentoring course. The numbers given as examples in the book are completely unrealistic (you can buy a house for $1,400/month but someone is going to rent it from you for $1,800/month - yeah, right). The book asks the question, "Why wouldn't a tenant-buyer just buy a home now?" but fails to give any reasonable answer.

I also couldn't help but notice the authors don't explain what to do when - as happens in THIS world - the tenant doesn't make payments for 3 months, refuses to vacate until the sheriff is called in (a lenghty and expensive legal process), and then leaves in the middle of the night after stealing appliances and putting holes in the walls. Guess who still has to make payments and now has to fix the place before it can be leased again?

The book lacks depth and reality - not a good combination for those who seriously want to get into real estate investing. The enormous number of laws regarding real estate transactions are not even mentioned. Superficial hype intended to sell more of the author's products.

(Review Data Last Updated: 2006-06-22 10:56:28 EST)
05-04-04 1 4\13
(Hide Review...)  Unoriginal & Unworkable
Reviewer Permalink
The principles are correct, however the examples are outrageous. To hope that a $200,000 home becomes worth $284,000 in 6 years is ludicrous. And you can't charge ABOVE market rates just so you make money - by definition the market won't pay that much.

More troubling to me are the authors use of "Multiple Streams of Income" (taken from Robert G. Allen), "Nothing Down" (taken from Robert G. Allen), "The Challenge" (taken from Robert G. Allen), and the claims of having "invented" the Purchase Option "method." Investors have been using purshase options long before these authors were born.

Lots of sales - not much valuable information.

(Review Data Last Updated: 2006-06-22 10:56:28 EST)
10-05-03 5 5\5
(Hide Review...)  The Best Written Step-By-Step Investing Book
Reviewer Permalink
I just finished reading the 2001 paperback revised edition. This book is written in easy to understand layman english. It even tells you what to say when you call the seller, called a "Quick Sell Script". One of the problems I've found with many investment books I've read is, they don't give you the "Point A to Point Z" how -to -steps to accomplish the task. On a scale of 1 to 5 I give this book a "10"!! Also, if you do a little research on these two guys, you will find out that they are also investors not just writers!!!
(Review Data Last Updated: 2006-06-22 10:56:28 EST)
  
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