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Top reviews from Canada
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3.0 out of 5 starsZero detail.
Reviewed in Canada on July 31, 2020
Oversimplified sales pitch for pro bp membership. The grade school version of an in depth topic. A recipe to bankruptcy.
5.0 out of 5 starsThanks for paving the way for new and struggling investors!
Reviewed in Canada on December 5, 2018
I am enjoying the book quite a bit so far. For a while I believed that it was just a lot harder to invest in Canada than the United States because of the housing prices in larger cities. After hearing about the book a number of times on the Bigger Pockets podcast I decided to do a serious search of the smaller cities in my Province, and I found that there were good deals to be found. Obviously it's quite daunting for a beginner to think about investing from a distance, so I picked up this book to learn all I can, and it has not disappointed. The biggest impact it's had so far is that it's given me confidence- not only is long distance investing doable, but if you put in the work and implement the correct systems there's nothing to be afraid of.
This was an amazing read. Not only was the book packed full of actionable steps needed for someone looking to invest out of state/country, the stories and examples David shares from past deals gave me a better understanding of the various strategies and my overall retention of the material was drastically elevated. I recommend this book, along with a note pad, highlighter, and sticky notes, for anyone looking to start their long distance real estate business. As a follow up to this book, I have started the BRRRR (buy, rehab, rent, refi, repeat) book. This will be the strategy I deploy out of state. You can also grab this book on amazon. If the deals doesn't make sense in your market, break down the barrier and invest in another market. Thanks David
5.0 out of 5 starsSmart work - not just hard work...
Reviewed in Canada on February 5, 2018
Great book. Its inspirational and great to see exactly how the process David uses to manage investing out of state. He is also very friendly and interactive in the Bigger pockets podcast / facebook community. Not becoming an employee of your business by using systems.. Smart!
I want to start by saying that I get very frustrated with books that I’ve paid money for that have clearly been overlooked in the editing department. There were multiple times in the book that I noticed grammatical errors, spelling mistakes, and poorly worded sentences. I’ll do my best to not let those wrong-doings affect my review, but would it kill you to just hit spell check one more time before sending this thing to the printer?
The Good: David Greene has clearly experienced living in a high-priced city and being forced to invest in other parts of the country to make money. He resides in the San Francisco Bay area and started his investing career while being a police officer. That, in itself, is an impressive feat. He mentions in the book a few times that he was a millionaire by thirty, which is definitely something he should be proud of and is definitely an inspiring statement to make.
He attributes 100% of his success to being able to invest in lower priced parts of the U.S. while leaning heavily on his teams in the local areas. He boasts not even needing to see properties and relying almost exclusively on the vendors that he’s created ties with to do his work for him. This is all present state of course, while getting to this period, he points out that he was working 90+ hour weeks to grind his way to success. Everyone who has invested in real estate can certainly empathize with his thoughts as to the work that really goes into investing.
His focus is on two main pieces with each property that he analyzes - He is looking to either create a buy-and-hold property that will continue to be an income stream for him or he looks to flip the house and make a quick bump in capital. Focusing on just these two pieces of work, he has built out an empire in multiple cities, in multiple states, that will likely endure for a long time.
The Bad: Mr Greene isn’t the most concise writer. Frequently I found myself waiting for him to get to the point of what he was going on about. I don’t know if that’s due to the fact that the book is about 300 pages and I just wanted to get to the meat and potatoes of it, or if because the book itself just wasn’t laid out in a cohesive manner. I’ve been reading real estate related literature for probably about 6 years at this point, and I feel like I generally have a good sense of the information that I’m going to receive.
The book had multiple instances where it would introduce a topic and talk about that topic for 4-5 pages, then it would come to a new sub-chapter and talk about the same topic again, as if it was never introduced. My thoughts on this format are simply that David took a long time to actually write the book. Each of his chapters felt as if they were broken up over many different thought processes that didn’t flow together very smoothly. It seemed as if David would write about something, and just as he was getting to the part where he would stop explaining what it is and actually talk about how he used it, he would be onto the next topic. The biggest piece of this read that I’m missing is the HOW in his topics. He brought a ton of great topics up, but when it came down to analyzing new markets, or value add information, it felt very light.
Why Read: Though I complain about the caliber of the writing and the lack of hard specific details, this book does a phenomenal job of giving a high level overview of what David’s thinking about during his investing career. If you can push through the redundancies of his writing style and the mostly high-level topics, you can definitely learn some tips on observing markets. The book serves as a great jumping off point to then go to BiggerPockets.com and research a topic more, or to jump into Google and just start typing in phrases that he introduces. I would recommend this book for someone who is still thinking about getting their feet wet with real estate and needs some confidence building with actually jumping into an out of state investment, but if you’re already an investor who has done your fair share of research you could stand to skip this one, you might pull some nuggets of information, but for the amount of text that’s here, the book leaves a lot to be desired.
David presents some very good actionable content that has clearly been gleaned from years of being an active Investor. One major criticism of his book: it is about twice as long as it needs to be. He says the bulk of the applicable stuff in the middle chapters. Do yourself a favor and utilize the table of contents to get you directly to the information you need. Avoid reading this book cover to cover.
3.0 out of 5 starsA good book. Needs more focused details.
Reviewed in the United States on August 12, 2018
It is a good book, likely one of the best and most comprehensive in its category. However it relies too much on advertising for biggerpockets site and seems this is the main purpose of the book. Another issue, it would seem that there is some inconsistency about the definition of acceptable risk and using financing. Mostly he encourages buying safe low maintenance houses then talks minimally about maintenance then encourages buying run down houses. I think his strategy changed based on his financial status over the years starting with run down houses that are super cheap them moved up the ladder to lower maintenance houses. Also moved from fully finanaced to buying in cash. However that is not clear in the book. If he rearranges the books somehow then that would be better and less confusing.
2.0 out of 5 starsThe author spends all his time debunking stew men
Reviewed in the United States on December 15, 2019
So here's what I expected from a book that is supposed to teach you how to invest out of state. e.g. Step 1. Research markets to find a location that has favorable price to rent ratios. Step 2. Fly over there and see the neighborhoods. Step 3. Work with lenders, here's some details on how you can structure your business. The types of loans that make sense, how you can control risk etc. Nuts and bolts stuff. Step 4. Find a property. etc. With maybe some final chapters on some tactical tips and tricks.
or something like that, I obviously don't know what I'm talking about which is why I bought this book.
First part: Here are ten myths about investing out of state. This part read like some click bait blog post. It's probably not bs just reads like it.
Second part: You should be next to your cell phone urgently responding to calls for deals.
What kind of deals are you talking about. Also, just no, not going to further increase the stress in my life to maximal level.
I went on to read something else a little more useful and thus less boring.
5.0 out of 5 starsExcellent information that covers both the big picture and the nitty-gritty details
Reviewed in the United States on December 17, 2017
This book does a great job of covering out-of-state (OOS) real estate investing for rentals and flips. First, the author David breaks through the mental barriers to OOS investing. Why not invest where your money gets the best return? The internet makes it possible to find great deals in markets with good returns and not a ton of competition.
David doesn’t fly out and see homes and hands-on manage rehabs himself. Instead, he’s built systems where he uses trusted (but verified) professionals in his OOS markets – realtors, lenders, property managers, contractors. These professionals independently verify each other’s work and report to him using video technology.
You can read through the table of contents to see that most topics you would want to know about are addressed. Most importantly, David doesn’t discuss these topics in just vague generalities. For example, you want to avoid high crime areas? Check the Trulia crime heat map. What smartphone apps are most helpful? He names some. How to motivate your vendors? Various ways – including paying them bonuses. The details are all here for you to use.
This book is well worth the investment of your time and money, especially considering that you could make or lose thousands of dollars on just one OOS investment.