Real estate investing has become popularized today due to real estate investing Traveling seminar and tv infomercials circuits. But real estate investing has not always been so popular.
In the 1960s, William Nickerson wrote, “How I Turned $thousand into Three Million in Real Estate” and “How to Make a Fortune Today Starting from Scratch.” It was among the first real estate investing books to get national attention. A little later, Al Lowry authored “How You are able to Become Financially Independent by Investing in Real Estate.” Al Lowry might be called “the father of the modern day real estate seminars,” since he was the first to hold seminars as a consequence of the book sales of his.
But it was Mark Haroldsen who carried the real estate investing book/seminar thrust to the next level. Haroldsen wrote, “How to Wake Up the Financial Genius Inside You.” If you were tuned in to real estate investing at that time, you remember the newspaper and magazine advertising showing a photo of bald-headed and suave Mark leaning against the front hood of the Mercedes of his. The picture appeared everywhere in page ads which are full of major publications. And as Mark began selling the books of his, he started holding real estate investing seminars. CPF have had lunch with Mark and Al Lowry as they swapped stories of the advertising blitzes that vaulted them into national prominence for their real estate investing prowess. Mark later wrote “The Courage In order to Be Rich” and “Tax Free.”
But it was Robert Allen who capitalized on the previous groundwork by Lowry and Haroldsen. Robert Allen was reportedly paid one dolars million advance royalties for his best selling book, “Nothing Down,” a compilation of fifty techniques for purchasing property with no money. Robert had learned these techniques from a few years experience with a commercial real estate firm. He later wrote “Creating Wealth” and “Getting Started in Property Investing.” The Robert Allen Real Estate Investing Seminars became a phenomenal marketing bonanza. Conventions were held in the major cities across the country, like Orlando, LA, Dallas, Atlanta and Chicago. The writers of various real estate investing techniques spoke at these seminars, but their spiel focused on selling packages of real estate investing materials that they offered for sale. Millions of dollars of real estate investing materials have been sold at these three day conventions. The convention frenzy ushered in what has since become known as “The Nothing Down Real estate Movement” of early to mid-1980s.
I have all of these books in the personal library of mine, and you can probably continue to find them in your public library and book stores. There is a great deal of great information in these books that can help make you very experienced, despite the fact that some of the ideas are out-dated.
We are now presented a variety of ways to make money in real estate investing in TV infomercials, books and training seminars. Which is best? Who can say? Real estate investing is learned through trial and error. Real estate investing skills and strategies are acquired by practice. I don’t believe anyone can dogmatically recommend a technique best for another individual. Every home buying investor has needs that are unique and is in a special situation. Objectives of real estate investing differs.
Nonetheless, in case you’re limited with real estate investing educational need and dollars to come up with quick return on investment, I think fixing up cheap houses is an ideal beginning point. Real estate investing in makeover properties generates quick, profitable dollars with risk which is lower.