by William Nickerson ‧ RELEASE DATE: Oct. 1, 1986
Nickerson has not really changed his tune since producing the classic Howl Turned $1,000 into $1 Million in Real Estate--In My Spare Time, which has gone through enough editions to push the titular jackpot to $5 million. If somewhat familiar, his safety-first advisories remain very sound. To illustrate, he still favors residential housing that can be fixed up for resale or rental. No fan of gimmicky financing, he cautions against nothing-down purchase agreements and relying on inflation to salvage bad deals. Along similar lines, he advises foregoing renovation projects that do not promise at least a two-for-one return on investment. Using as exemplars a go-getting couple named the Wrights (who parlay a $5,600 nest egg into property worth nearly $3.3 million over a 49-month span), Nickerson provides step-by-step instructions on how to identify and capitalize on reclamation ventures. While he includes a wealth of detail on subjects ranging from landscaping, laundry facilities, and submetering of utilities through tenant screening, it's very clear that assertive negotiating skills are a crucial ingredient in his formula for real-estate success. On occasion, the author waxes overly rhapsodic about property's possibilities, e.g., ""Elegant Victorian homes are sprawled like sleeping white elephants across the country, needing only a little prodding to be wakened and put to work."" In addition, his text offers fewer do-it-yourself tips than Richard H. Jorgenson's Hidden Wealth in Local Real Estate (p. 1099). Though perhaps less appealing to the sweat-equity crowd, Nickerson's upbeat guide furnishes sound counsel.
Pub Date: Oct. 1, 1986
ISBN: N/A
Page Count: -
Publisher: Simon & Schuster
Review Posted Online: N/A
Kirkus Reviews Issue: Sept. 15, 1986
Categories: NONFICTION
© Copyright 2024 Kirkus Media LLC. All Rights Reserved.
Hey there, book lover.
We’re glad you found a book that interests you!
We can’t wait for you to join Kirkus!
It’s free and takes less than 10 seconds!
Already have an account? Log in.
OR
Sign in with GoogleTrouble signing in? Retrieve credentials.
Welcome Back!
OR
Sign in with GoogleTrouble signing in? Retrieve credentials.
Don’t fret. We’ll find you.