Real Estate Money Machine:: Real Estate Cash Flow Formulas That Really Work

by Wade B. Cook

Book Overview

THE BOOK THAT ROCKED THE REAL ESTATE INVESTING INDUSTRYReal Estate Investing is not what it's cracked up to be. Many people start investing; few do it well and finish profitable. Wade Cash Flow... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0910019436
• ISBN13: 9780910019439
• Release Date: September 1996
• Publisher: Lighthouse Publishing Group
• Length: 227 Pages
• Weight: 1.36 lbs.
• Dimensions: 1.0" x 6.4" x 9.5"

Customer Reviews

More applicable now than ever

Considering all of the downsizing that has been going on, now is the best time to use these techniques. Consider this: One of the best selling real estate books right now, published in 2001, is teachng the same techniques with one difference--Real Estate Money Machine is even better.

Turns dead equity into cash flow.

I was introduced to Wade Cook via his excellent stock market books. I have created an excellent side income with covered calls, options, stock splits, naked calls and naked puts.Mr Cook advises to take your profits from the stock market and move it into real estate and other places. What thatin mind, I started investing in real estate and bought Real Estate Money Machine and How To Pick Up Foreclosures.Mr Cooks system makes so much sense. Just like his stock market strategies. It's all about cash flow. I know some people who are landlords and hate real estate (I can see why) and all the problems with tenants.As Wade Cook says; "If you'll do for two years what most people won't do, you can do for the rest of your life what most people can never do."I also recommend the 16% solution and Flipping Properties.Great books. Read them and use them.

Evaluation of Real Estate Money Machine by Wade Cook

This is probably the best book on real estate investing for the beginer on the market. Sure some of the content is a bit outlandish but if one wants to get into real estate investing this is the way to start. From the days of William Nickerson and Marc Haroldson to the more current Carlton Sheets and Wade cook, this is the way to begin.Yes, it is true non-qual assumptions are harder to find, but they are still there. I live in one of the largest cities in Texas and each month there are more than 10 non-qualifing assumptions listed for sale in the classified real estate section.Most of the people who have a problem with Wade Cook's programs are those who are over educated, licensed and/or timid. I have purchased more than 50 income properties using some of Wade Cook's strategies.Another step that helps is to join a local real estate investment club. Many of Wade Cooks ideas run rampant at these meetings. The worst thing any investor or potential investor should do is go talk to a realtor (a salesman!) for investment advise. If they had any investment advice to give they would be following it instead of "listing" and "selling" properties.The Wade Cook book will help you turn the corner and will make you realize that as real estate conditions change you must continually educate yourself to stay abreast of the latest trends.

Funny, no negative reviews here!

I picked up a old battered copy of How to build a Real Estate Money Machine in a 2nd hand book store and began to implement the strategies here in California where everybody said the Real Estate market was dead and there was no money to be made anymore. When you buy Real Esate the WADE COOK WAY, YOU CAN MAKE MONEY IN ANY MARKET AND IN ANYPLACE.i AM NOT RICH, but I have a second income from my real estate properties that is more than I make from my job of over 25 years. I don't get calls to unplug a stuffed up toilet, fix a roof, replace carpets etc. I find it's easy to get buyers for my properties since they don't need to go to a bank for financing, I'M THE BANK! I'm also using Wade's stock market strategies via WALL STREEET MONEY MACHINE, STOCK MARKET MIRACLES AND WEALTH 101. Mr Cook is somewhat of a trendsetter. He pioneered the "Money Machine Concept" in Real Estate and now is doing the same thing in the stock market.You won't find any negative ! reviews on Wade here because the concept works. Lease Options are now a proven quantity for Real Estate Investors. Soon, Wade's stock market strategies will be accepted as well as lease options are in real estate only because they work!

I BUILT A MONEY MACHINE WITH THESE CONCEPTS!

In 1983 I bought the original version of this book, "HOW TO BUILD A REAL ESTATE MONEY MACHINE" Today, my net worth in Real Estate is over $900,000 with a monthly income stream of over $20,000. That should tell you the power of this book, when applied.I knew a lot of people who told me I was nuts. They were hooked on the "FIX EM UP" "BUY & HOLD" Traditional Rental Game. I found that buying real estate was in fact the easy part (I guess a lot of people wanted out, that should tell you something about tradition) and started meeting a lot of real estate owners who were real estate rich, but cash poor. The three T's. tenants, toilets and turnover was eating them alive. I found out quickly that being a landlord was not for me.I also found that there were a lot of people who wanted to be owners, but didn't have the cash or credit for conventional financing (especially in the REAGAN-OMICS ERA of high inflation)Th! ese techniques still work today> Try it----you'll like it!