Millionaire Real Estate Mindset : Mastering the Mental Skills to Build Your Fortune in Real Estate

by WHITNEY, RUSS

• ISBN13: 9780385514828
• ISBN10: 0385514824
• Format: Trade Paper
• Copyright: 2005-12-27
• Publisher: Doubleday Business

Summary

There are scores of books on real estate investing on the market today, and most give sound information and helpful advice. Yet few people have become wealthy. InThe Millionaire Real Estate Mindset, Russ Whitney asks, "Why isn't everyone rich?" and perhaps more important, "Why aren'tyourich?" What is missing in most people's real estate strategy, Whitney says, is the millionaire real estate mindset. And, in this book, he tells readers exactly how to develop one. Whitney explains how you can break free of the fears that hold so many people back. A key part of succeeding in real estate, Whitney claims, is a willingness to spend time educating yourself about the various techniques, options, insights, and possibilities it entails. Other professions and trades require years of education and practice before you can hope to generate significant income. Building wealth in real estate requires similar focus and dedication. He provides specific investing strategies that can work in virtually any market, whether you have cash to start, or not. Once you have a few successes under your belt, he encourages investors to move up to larger deals. He explains the complexities of raw land investing and development as well as international real estate investing. He examines a variety of funding techniques, from no-money-down to syndications to make the wisest use of your cash. Whitney candidly discusses what can go wrong and how to anticipate and address unpleasant surprises. From invaluable insights into personal motivation, to advice on improving one's communication skills, strengthening relationships, and building personal financial strategies, Whitney helps readers overcome feelings of insecurity about investing and move into the market with certainty and self-assurance. With its unique focus on the psychological aspects of investingan ingredient missing from other how-to real-estate investment guidesThe Millionaire Real Estate Mindsetwill enable readers to break through the "poverty" mentality, take advantage of the booming real estate market, and join the ranks of the rich and superrich.

Author Biography

RUSS WHITNEY, the chairman and CEO of Whitney Information Network, Inc., and Whitney Educational Group, Inc., and the founder of The Whitney Foundation, Inc., is a recognized leader in the real estate investment and financial training fields. Every month, an average of 22,000 people attend Whitney trainings around the world. His previous book, Millionaire Real Estate Mentor, was a Wall Street Journal and BusinessWeek bestseller.

Table of Contents

Acknowledgments	ix
Preface	xi
Part 1: The Millionaire Mindset	1	(90)
Why Isn't Everyone Rich?	3	(13)
Finding Your Real Estate Niche	16	(21)
What's Stopping You?	37	(9)
The Power of Positive Thinking Combined with Effort	46	(8)
When Things Go Wrong	54	(15)
Take It to the Next Level	69	(7)
Great Communications	76	(9)
You Need People	85	(6)
Part 2: Real Estate Strategies	91	(154)
Good Debt/Bad Debt	93	(5)
Investor Eyes	98	(9)
Buying Right: You Can Get It Wholesale	107	(26)
Options Put You in Control	133	(28)
Don't Be Afraid to Think Big	161	(13)
Investing in Raw Land	174	(14)
Land Development: From Raw Acreage to Big Money	188	(14)
Make the World Your Oyster: International Investing	202	(10)
Funding Your Deals	212	(9)
Advanced Real Estate Funding	221	(16)
Getting Started When You Have Cash	237	(8)
Part 3: Beyond Real Estate Investing	245	(32)
Get Involved and Give Back	247	(5)
Your Personal Financial Strategy	252	(18)
The Final Chapter: Your Beginning	270	(7)
Appendix A: Resources	277	(4)
Appendix B: Sample Rental Application	281	(4)
Appendix C: Sample Offer to Purchase Real Estate	285	(2)
Index	287