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"You Can Become Financially Independent By Investing In Real Estate" was the title of a book by Albert J. Lowry, Ph.D. and published by Simon and Schuster way back in 1977. It is still one of the true classics in the real estate investment field and is probably the most widely read book of its kind - ever. Many of the expensive real estate investment courses advertised on TV info-commercials have their origin in Mr. Lowrys books, and in seminars developed and widely presented for many years with William Nickerson, author of "How I Turned $1,000 into Three Million in Real Estate." You will find a list of their books, along with a brief review, on our books page.
Although many things change in the real estate investment business over the years, like tax ramifications and market supply and demand, the basic principals of using leverage to build your net worth always remain the same. Leverage and inflation are the fundamental reason that most family fortunes are built by investing in income producing real estate.
An explanation of how you can use a little of your money to move and control a lot of someone else's money is explained on our leverage web page. But there is more to getting rich quick, "with no money down" than that. It also takes knowledge and guts.
I have an older brother, Frank Lick, of Santa Barbara California. He began buying income producing rental property back in the mid-1970s in southern California. As you may remember, that was the period of the Arab oil embargo, followed by Nixon's attempt to freeze prices and Carter's - double yipes - inflation years. Sun belt real estate prices sky-rocketed and brother Frank made a fortune in just a few years. He constantly encouraged me to get into the business too. I finally did, but in Michigan ... while the rust belt was in decline and inflation had dropped back to normal. (The average rate has been about 3% a year, over the past 2,000 years.) When I confronted my brother and said that his success apparently had not been a result of skill or hard work, but just plain dumb luck, he pointed out that only a very few people actually made big bucks doing what he did, when he did it and even where. Because, he said: "the vast majority of us are too lazy to learn something new, and too chicken to take a chance." He's right and he's rich, while most people will never be. But you can.
TV commercials for real estate investing courses are telling the truth and introducing you to real people who have done pretty much what my brother did. (me too later) However, like almost any good sales person, they only tell you the good parts. This web site has the good parts too, but also contains the rest of the story. The reality of owning and operating a successful real estate investment business is like most other things in life, it takes knowledge, guts and work to get ahead of the pack. If you are new to the business, this web site is a good place to get a taste of what you need to know. But you should also learn everything you can from every other possible source. Including: books, seminars and most importantly, other people already in the business. You can find them among your more successful friends and neighbors, or in your local landlord associations. Explore our pages, specialized webs and the links to other webs sites that we provide. If you still have questions, and you always should have,let us know. This site is always under construction, continually growing and evolving, to provide the best possible service to our members. We want to help you get rich, and stay that way, so that you will continue to pay a small token to keep us here.