In his breakout 2004 best seller, The Automatic Millionaire, David Bach showed why owning your own home is not only smart, it's the core secret to becoming a millionaire. In his new book he shows exactly how to make that happen with a simple, automatic plan you can read in an hour and put into place today. Renters will learn how to buy a first home, even with lousy credit and tiny savings. And existing homeowners will find out how to turn the roof over their heads into a powerful investment that doubles, triples, and quadruples in price while you simply enjoy living in it. And while you don't have to be a landlord to finish rich, if you're willing to be, David teaches you how simple it really is to buy a rental property even while you're paying the mortgage on your home.
The Automatic Millionaire Homeowner is brilliantly simple, easy to read, highly motivational with a realistic, take-action method for achieving financial prosperity in real estate, starting now.
Bach offers time-tested tactics on all the essentials, including:
©2006 David Bach; (P)2006 Books on Tape
"Anyone toying with the notion of investing in real estate will find [this] immensely practical." (Publishers Weekly)
"The bottom line is action, and Bach's chatty writing style helps motivate you to that end." (BusinessWeek)
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"Great Book with Realistic Approach!"
This is a great book outlining a no-nonsense approach to real estate investing. Very practical with no hype, just common sense. Very thorough on every step of the home buying/investing process. Highly recommended!
"Common Sense for the complete idiot"
All of David Bach's Books are great. I recommend this for young couples and older as it is a guide to safely investing and not a get rich quick rather a get rich before you retire.
"Good only if you are completely new to the concept"
While this book wasn't bad, I didn't learn a lot about home buying. The author provide some very grounded advice about how best to invest in real estate for the long run.
If you are renting today and really don't know much about real estate, how it can benefit you, or where to start - then this book is for you! Consider this a 5 star rating.
For the rest of us who generally have a notion of what real estate is, how it can be a useful investment, and fundamentally where to begin - you won't glean a lot of new insight from this book. The information contained within is what I would classify as life advice. It is not a good reference to use as an introduction to the home buying experience, either for individual or investment purposes.
This book is terribly outdated. Written in 2005. Author says housing will always go up and how ownership leads to wealth. All the people "underwater" in 2011 would have to disagree!
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