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Summary

How does an ordinary person with an ordinary income reach their seven-figure dreams? First they must own their own home, and do it David Bach's way. The financial coach who has helped millions to finish rich is back with a simple, powerful solution to get rich in real estate. As David says, "Renters stay poor, homeowners get rich, and smart landlords laugh all the way to the bank!"

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:

  • Why you shouldn't wait: busting the myths of renting
  • Finding a down payment right now using the Automatic Down Payment Solution
  • Choosing the mortgage that is right for you, even with debt, even with imperfect credit
  • The secret system for debt-free homeownership: why you must Make It Automatic!
  • The Automatic Millionaire Right Place, Right Time, Right Price, Right Program for buying and selling
  • ©2006 David Bach; (P)2006 Books on Tape

    Critic reviews

    "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)

    What members say

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    • Overall
      2 out of 5 stars
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      5 out of 5 stars
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      2 out of 5 stars

    warning.

    This book is well written and well performed. it would have been really useful in 2003 America. unfortunately it's 2018 and the property market has seen a paradigm shift since this time. to compound this,much of the advice is America specific (tax laws etc). All In all I'll be requesting a refund.

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    • Overall
      5 out of 5 stars
    • Jason
    • 13-02-07

    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!

    14 of 16 people found this review helpful

    • Overall
      5 out of 5 stars
    • Rebecca
    • 26-11-08

    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.

    6 of 7 people found this review helpful

    • Overall
      2 out of 5 stars
    • David Parks
    • 16-05-08

    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.

    8 of 11 people found this review helpful

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    • Kevo2u
    • 19-08-18

    Relevant Today

    I purchased this book years ago, read it and thought it was excellent information then and the principles still hit home today.

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      5 out of 5 stars
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    • Farah & Benson
    • 23-02-18

    Best book

    love it was easy to read inspired me to tale action. it also provide great tools to succeed in the real estate market.

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      4 out of 5 stars
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    • April
    • 20-01-17

    Good subject and ideas

    It is good advice but a little vague. The types of gains the author talks about are only in booming markets in large cities. But it is still good advice.

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    • Aaron S. Reddoch
    • 03-05-17

    very dated

    all good concepts for a new homeowner , but seriously needs a reboot to today is information

    0 of 1 people found this review helpful

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      1 out of 5 stars
    • Rickey
    • 14-07-11

    OUTDATED!

    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!

    2 of 7 people found this review helpful