yes, i know he’s a cranky old guy who bashes others without really knowing anywhere near enough to make those accusations. he clearly DOES have a bone to pick with gurus (but who doesn’t, really?)
that aside, how are his books? the general concensus i seem to see is that he is a bitter old guy making baseless accusations, but that his books are actually very, very good. any thoughts from experienced, successful investors out there?
Reid is actually a pretty good writer…he just doesn’t like other gurus/opinions.
Keith
IMHO, Reed tries to overblow almost everything in the REI industry. I akin him to someone telling the masses to NEVER fly a plane because you can get in an accident and get seriously hurt. Can it happen? You bet. Will it happen to all/most people? Nope.
<<Can it happen? You bet. Will it happen to all/most people? Nope.>>
Kinda like a lender invoking the DOSC for a performing loan…??
Keith
;D
i know i know… i hate his site, it bashes 1 guru who i actually know personally, and do not agree with his review. he is clearly old and bitter.
but, on some of his opinions i do agree with him, at least in part. i know i have ZERO investment properties, so how would i even know anyways, but he does seem to be convincing on some.
Anyways, i don’t like supporting someone who is like that, but i don’t want to hurt myself by not supporting him, and i really want a basic book like his ‘how to get started in real estate investment’. I know others make comparable books, but i’d really rather deal with someone that i may not like, but that i can be more confident i am getting practical, useful information and not super-hyped stuff that may not really be best for my situation. the topics in the table of contents for that book seem to be exactly what i want to read after the current book i’m on:
http://www.johntreed.com/HGScontents.html
http://www.johntreed.com/HGSchanges.html
i’d rather spend 30$ towards someone who i personally dislike and be more confident i’m studying stuff that is really helping me, as opposed to spending either more or less on other products that i don’t trust as much. it’s soo hard, having never purchased an investment, to spot what is legit and what is not. even though he has a chip on his shoulder, i have never seen his actual work targetted, just his character.
so everyone agrees at least his actual text is pretty solid? no complaints about the subject matter of his books themselves?
I have an old copy of his book on buying RE 20% below market value. Reed is opinionated and comes across as a grumpy guy. He is not a proponent of the “get rich quick in real estate” set. That said, I like his material and consider it to be well worth the money.
I also subscribe to his newsletter. It is hit and miss but I will renew when the time comes.
i’ve read his books on taxation and managing apartments.
STELLAR books! i strongly advise you to disregard his bitterness
and pick up a copy from the local library
not so sure about the library approach, my uni’s library is noted for being quite a good one, and is GIGANTIC, by far the tallest structure on campus (i can see it quite far away at my apartment), doesn’t have a single book by him.
i don’t get the impression his books sold a ton, not to the point where you’d commonly find them in libraries. his distribution approach would also seem to limit them getting into regular libraries with any kind of frequency
university libraries are biased against investment books. i never found any at USC either!
try the local public library instead.
niravmd, check ur pm’s
you too!
i don’t get it, did you just copy my message back to me?
Do his books go into detail regarding creative financing and structuring details that are “out of the box”?
If so, which one would you recommend?
no, not really. have you read his website?
he’s not really teh kind of guy who says ‘you have horrible credit, no cash in your hands, and crappy provable income. but, don’t worry, you can still make millions in real estate with these special techniques’.
i’ve only read one of his books and his site, but he definitely advises that if you don’t have some money to get started, go get some money.
i don’t know exactly what you mean by out of the box, or creative. why don’t you want to do traditional? i don’t think that’s what you’ll find in his books. if you are referring to taking houses sub2, or lease options, then no, his books def won’t help you there.
niravmd, i can’t tell why you pm’d what you did, if you even meant to. check your email acct.