Anyone read this yet? I thought it was really good.
I heard an interview with her somewhere saying her book was coming out and I saw her book on the shelves, but I haven’t really had any reason to pick it up. Maybe I’ll read through some of it the next time I’m at the book store.
I suppose the disclaimer is that I know her and her partner & co-author Charles Andrews. I’ll be seeing them in Chicago later this week and my reason for picking it up was to be knowledgeable about it when I see them (doing my homework). I didn’t really know what to expect, and as it turns out I really enjoyed it. It’s an easy read-- but inspirational, and something that needed to be said in a society that encourages the most foolish risk of all: avoiding all risk.
BE VERY CAUTIOUS!..
I'm in Tucson, I just got an email where Lennar is dumping homes @ 25-40k below previously sold prices because they overpriced thinking this crazy appreciation will last forever..
I’m fairly new at this but i believe long term investments are far more prudent in this envirment…
UNLESS, and this is just a thought,,, you can find lease optioners at FMV??? but will they cover mortgage??? WHere are you looking??? Did they have a real estat boom 01-05?
Kendra & Charles were very realistic in their approach. They choose areas where the long term trends are undeniable, and they explaine clearly-- almost bluntly-- that if you are not an I N V E S T O R willing to hold for at least five (but Kendra personally recommended seven) years, then do not get into preconstruction investing.
They really focused on buy and hold. The project they exampled was a Phoenix property probably found somewhere on her site at www.myhousere.com . I can’t imagine that in seven years you will not have growth in that area.
Kendra said very bluntly that if you want to make a quick buck, don’t do it. And don’t bother with people trying to tell you that you can make a quick buck flipping preconstruction.
As anyone knows that has purchased well in phase one-- you have to wait AT LEAST until you’re not competing with the builder anymore to get out.
Buy and hold. You’ll never become poor with positive cash flows.
Da Wiz
You’re exactly right, Doc. BTW- you need a “www” in your link. 
Thanks, Paul. Link fixed.
Da Wiz