Minggu, 31 Maret 2013

[V505.Ebook] Ebook Download Tracking the Black Dog: Hairy Tales and Historical Legwork from the Black Dog Institute's Writing CompetitionFrom UNSW Press

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Tracking the Black Dog: Hairy Tales and Historical Legwork from the Black Dog Institute's Writing CompetitionFrom UNSW Press

Tracking the Black Dog is the product of Black Dog Institute's inaugural Writing Competition - drawing from highlights of the hundreds of entries. Comical, poignant and learned, these excerpts range from Anubis and faithful Argos, beautiful early myths and legends, through werewolves to darker medieval superstitions, witch hunts, alchemy, astrology and Knights errant, touch on Boswell and Johnson and arrive at mesmerism and ouija boards of Victorian times. Churchill's courage in the face of his illness, and references to black dog from our own times are also uncovered, links in a chain stretching back to our forebears. All served with a dollop of black humour. Anyone who has ever experienced depression, or who wants to know more about this illness, will find the black dog's trail through history a fascinating read.

  • Sales Rank: #4260378 in Books
  • Published on: 2006-09-01
  • Original language: English
  • Number of items: 1
  • Dimensions: 7.81" h x .68" w x 5.13" l, .46 pounds
  • Binding: Paperback
  • 206 pages

About the Author
LIT

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Kamis, 28 Maret 2013

[X294.Ebook] Ebook Free Unbeloved (Undeniable) (Volume 4), by Madeline Sheehan

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Warning: This is not a conventional or predictable love story. It involves one woman and two men bound by a love so destructive it spans two decades, pitting brother against brother, and shattering the lives of those touched by it. Dorothy Kelley is a born romantic, searching for her prince. Instead she finds herself pregnant at fifteen, and a in a loveless marriage by the tender age of eighteen. Then hope comes riding into her life on a motorcycle and within weeks, Jason “Jase” Brady, a member of the Hell’s Horsemen motorcycle club, sweeps Dorothy off her feet. But nothing is ever simple for Dorothy. Jase is married with children. And as Dorothy patiently waits for Jase to give her the happily-ever-after she’s been dreaming about, James “Hawk” Young, a member of the Hell’s Horsemen with secrets of his own, sees an opening into Dorothy’s life and takes it. What follows is a long and painful journey of self-discovery and forgiveness, as Dorothy comes to realize that home was exactly where she’d left it, and the love she’d forever craved had always been within her reach. This is the story of Dorothy, Jase, and Hawk. We are all born pure; it is our journey that burdens us and leads us astray. Our mistakes that beat us down and cover us in guilt and shame, burying us a little more with each passing hardship. It is up to us to dig ourselves out, to come to terms with our faults, to embrace not only our imperfections but those of the ones we love, and to once again find the path we strayed from.

  • Sales Rank: #1100509 in Books
  • Published on: 2014-07-09
  • Original language: English
  • Number of items: 1
  • Dimensions: 7.81" h x .69" w x 5.06" l, .80 pounds
  • Binding: Paperback
  • 304 pages

About the Author
Madeline Sheehan is the author of the Holy Trinity series and the Undeniable series. She lives in Buffalo, New York, with her husband and son. Visit Madeline at madelinesheehan.com.

Tatiana Sokolov narrates a variety of fiction but especially likes saucy romances. Tatiana lives in the Midwest with her menagerie of pets.

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108 of 115 people found the following review helpful.
It's A Homecoming Just Like The Waltons, Except With Guns, Drugs, Sex, and Club Hookahs
By Gail H
Loved it! By the time I finished reading UnBeloved, I felt as if I had just hopped off a roller coaster. This book had me crying, nervous, laughing, and filled with excitement.

UnBeloved is the 4th book in the saga of Hell's Horsemen Motorcycle Club. I think it's safe to say that this series has moved from just being an MC romance genre to an MC story. This installment deals primarily with the aftermath and dealing with the wounds, both physically and emotionally, from the relationship between Jase/Dorothy/Hawk from years earlier, betrayal from one of the brothers, the spiraling downfall of a former brother, the Russian Mafia, and finding redemption and hope in places that one doesn't expect to find it. If this story feels different than previous stories, that's because it is different. This story doesn't deal with a new love, rather it is dealing with the aftermath of two love affairs that span nearly 20 years.

Before I launch into a full review of UnBeloved, I want to talk about the UnDeniable series as a whole. Only a few books have connected with me in such a way that I want to experience them over and over. The in-depth writing of Madeline Sheehan provokes my imagination and connects me to characters that I never thought I could relate. This series is pioneering because the author has taken a band of outlaws, old ladies, and club bunnies; characters so varied, and gives them each a unique voice. At times their tale is sad and tragic, yet we see humor, loyalty, and undying love. Sheehan portrays their beauty and flaws honestly, never apologizing or pleading with the reader to embrace them. Also trailblazing is that the characters are allowed to age, and it's never been so evident than in this fourth book. Whether or not it was the author's intent, she is breaking new ground because the reader watches as the young, flighty women from the earlier books progress from their 20s and 30s , into their 40s and 50s. *gasp* Book characters having a life and sex after 40; I thought at that age, they were supposed to be lead out into a pasture to wait for the Grim Reaper; never to be seen again in the story.

UnBeloved is the story of Dorothy, Jase, and Hawk, and how the actions of each affected not only them, but the lives of their families. If I could only use a few words to describe UnBeloved, they would be "redemption", "forgiveness" AND "homecoming". In UnBeautifully, we saw how their love turned into an F5 tornado, creating a path of destruction for not only them but everyone around them. Chrissy, Jase's wife, was convicted of first degree attempted murder for shooting a very pregnant Dorothy, Dorothy shunning both men and the club, Jase losing his mistress and family, and Hawk leaving his brothers and going nomad. Seven years later, the trio still haven't addressed the carnage left by their love vortex, until an emergency has everyone coming home, and the trio is finally forced to walk through the broken mess, and assess the damage and rebuild. The story begins with Dorothy being called back to Miles City, Montana due to an emergency. Once she is inside the clubhouse, she is informed that one of the Horsemen isn't who he has claimed to be and has been covering up his past. So the entire club is reeling from this betrayal, and also from one of their own being held hostage. In dealing with the dire situation, Dorothy is forced to a day of reckoning, seven years after surviving the gunshot, she has to deal with the issues from her past. Jase is also forced to come to terms with the poor choices made years ago. Instead of hiding from the issues like Dorothy did by moving away, Jase has hid from them inside a liquor bottle. Jase's road to redemption comes from the most unlikely source. When he finally comes face-to-face, he knows that he has to make amends and stop the vicious cycle. Hawk has literally ran from all the problems from the past, going nomad and seeking refuge in the road. Now all the running and hiding comes to an abrupt halt. As in any family, when there is an emergency and the chips are down, everyone comes together, and this MC family is no different.

Once again I get to see my favorite character, "DEEEEEEEEUUUUUUCCCCEEEE!". What can I say, I've loved him since UnDeniable; even when he was an a-- hole at times. My love for Deuce has not wavered, if anything, it has grown. Deuce is still a force to be reckoned with, and it is never more evident than the scene on the highway between he and Preacher, and when he and Ripper pay a visit to Hawk. Cox and Kami are still fighting as usual, and Cox's humor has grown even more vulgar and dirty, as impossible as that seems. OMG, that one scene had me laughing and gagging at the same time. Eva's influence on the club is evident in how everyone, including the women, views it not as a club, but rather another home. The women have formed tight bonds, and just like the Horsemen being brothers, the gals also have a sisterhood.

*******CAUTION BELOW MAY CONTAIN SPOILERS, READ AT YOUR OWN RISK ****

I have to talk about my two favorite scenes: 1. the highway scene and 2. the Vegas arena scene. The highway scene, oh that highway scene, that one is my favorite. Sheehan's writing is pure perfection, from her description of the surroundings to the bantering between the characters, if I felt anymore immersed in that scene, I would have needed to throw on my coat and gloves. The spoken dialogue and unspoken thoughts from each character is profound, beautiful, and insightful. That scene showcases how the men have progressed since the beginning of the series; it's powerful and serene at the same time. The Vegas scene, let's just say that I had goosebumps when Sheehan first walks us through the arena, that scene is dark and scary. I didn't know what to expect. Okay, no more, because I don't want to give away a spoiler......

As the characters find reckoning, redemption, forgiveness, and peace during their homecoming; some say a sad goodbye. Like a regular family, sometimes we lose members, and this story is no different: one deciding to take the road that leads to home, one's path taking him to jail where he doesn't pass GO and collect $200, and ZZ's route, let's just call Z's road "psycho path", and a couple of bikers that take the journey on that eternal highway through the Harley Davidson's pearly gates. In the words of Dorothy Kelley Matthews "This is the story of us all...all our fates intertwined, and for that reason alone, pain and death be damned, I wouldn't change a thing." As for me, I wouldn't miss the ride on a rocky road with this band of outlaws, old ladies, and club hookahs for anything. Vroom, vroom!!

43 of 47 people found the following review helpful.
I wanted so much more...
By A Customer
I was SO excited and anxious to read this book and while I did not dislike it, I just wanted SO MUCH MORE from this book. The build up to finally learning the details of the Jase-Dorothy-Hawk triangle was EPIC, and we literally learn almost nothing new about the SEVENTEEN years Jase and Dorothy had an affair and the THIRTEEN years Hawk and Dorothy had an affair. I wanted the angst, the pain, the waiting for Jase to leave his wife, the promises, the lies, the betrayal, the guilt, the sneaking around, I WANTED IT ALL. And all we got was about 4 brief flashbacks into all those years and it didn't really give me any understanding of what it was really like for all of them while it was happening. The entire book is set 7 years after Dorothy got shot and Jase learned about her and Hawk. There is no triangle and Jase is nearly a non-entity in the book and even the final goodbye b/t him and Dorothy is anti-climactic and not fitting for two people who destroyed so many lives over the course of 17 years just to be together. We never learned why Jase never left his wife either. And frankly, the only character who came out looking somewhat stable was Hawk. I even felt bad for Chrissy (Jase's wife), but couldn't really relate at all to Dorothy.

Sheehan told us a little, but didn't show us anything. I felt NO connection between Jase and Dorothy, I was just told that they had strong feelings for eachother for all those years, but got almost zero interaction between them. Hawk has a bit more interaction with D, but it's all present tense and so much time has passed since their affair began, it's almost a tepid relationship. And that is just sad, this book should have been SO MUCH MORE.

So in recap, here's what I wanted and did not get:
- The 17 years Jase and Dorothy were together.
- The 13 years Hawk and Dorothy were together
- Why Jase never left Chrissy
- The aftermath of Jase finding out about Hawk & Dorothy in detail
- Details of the 7 years between the shooting and Dorothy returning to the MC. All of Jase and Hawk trying to get to her, her pretending not to know them, etc.

I am still giving this book 3 stars b/c I did read it quickly, but man am I disappointed. I've put ZZ's book on my GR "want-to-read" shelf, but I won't be buying it the day it comes out b/c I don't have complete faith it's going to be worth the wait.

21 of 22 people found the following review helpful.
Solid 2.25 Stars
By Nhya
*Mild Spoilers*

Even though I knew going into this one that I wasn't going to be gaga over these 3 and their situation, I did expect the "Love Triangle" to be a little more intense & developed, considering all the events that happened in previous books concerning Hawk, Dorothy, & Jase that led us to their book.

I appreciated the little snippets of how things got rolling in the first place concerning their past, but it still just lacked something. It wasn't raw or really all that deep or emotional for majority of the book. Even the flashbacks lacked depth. They didn't tell/show me WHY Dorothy remained with Jase in spite of everything, all those years. They didn't show me why she ultimately turned to Hawk all those years ago & couldn't just walk away from him either. Why she felt torn between these 2 men in the first place and why she ultimately couldn't choose between them. NONE of this was given within their story.

And I still for the life of me can't understand why these two men were so crazy in love & sprung on a woman like Dorothy to begin with. The woman had no education at all. She didn't even have a GED. No ambition or drive for life outside of wanting someone to love her in all her "bland personality glory". She had no back bone to speak of. No fire within her or pride for herself. So.... I just don't get this all consuming love & lust Jase & Hawk had for her, then or now.

The story, all of it, just read as very impersonal and boring to me. Like we only received the headlines & not the true meat of the story. It just wasn't all that interesting for me.

I felt that the book had good pacing & other things going on early on, mainly concerning just Hawk and his past. These things were a bit intriguing to me. But once I hit the 48% mark of this book, the story, pacing, everything began to drag and become quite lackluster. Honestly, this one didn't really start to become somewhat interesting or touching, til about the last 15% of the novel. Almost like Ms. Sheehan finally got her groove with the story & characters. But by then it was way too late. And the strength we are "Told" Dorothy finally embraces just was not convincing. At. All.

But like I said before, I really expected this type of journey/outcome with these characters anyway. So I'm not really all that disappointed cos I was right, just wish there was something else to kind of grab onto or truly appreciate about the novel. Well, I can count on 3 fingers, instances that were truly funny to me. So I guess that's something.

Jase- is a freakin cry baby. I didn't really care for his redemption/sobriety plot, until the tail end of the book. But I also never cared for Jase anyway. I did like Hawk, and honestly he's the reason why I read the book.

But I have to be honest here, this was the most tame & unsexy novel in this series. WHERE WAS THE HOTNESS?! There was none. And I am NOT exaggerating here. Considering the standard already placed here for this series, this book most certainly missed the mark. It didn't even get close to the mark. If you weren't getting a fade to black scene, you got a HIGHLY glossed over one. So not only was there not a real story here, there wasn't anything to somewhat appease me for so many things that this one was lacking. *shrugs*

So I understand why many readers were not happy with this book. It really should have been released as a Novella or better yet, as Ms Carrie pointed out, just a side story in Dirty & Ellie's book. (Which we are never getting) or you know what? This story shouldn't have been released at all, IMO.

The Epilogue I don't get the "ick factor" or uncertainty that many claim they feel concerning this. Maybe cos it didn't bother me in book 1 either. But I gotta say ZZ definitely has me curious to find out. Honestly, I was hoping for his book in place of this one. I've wanted ZZ's story for awhile now.

So.. No. I wouldn't recommend this read. If you want to know what the end result is leading into the next book? Borrow it and only read the last 20% and you will be good. Trust me, anything before that 20%, you're not missing out on much.

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Senin, 25 Maret 2013

[T317.Ebook] Free Ebook Wealth in Families, by Charles W. Collier

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Wealth in Families, by Charles W. Collier

Book by Charles W. Collier

  • Sales Rank: #609123 in Books
  • Brand: Brand: President and Fellows of Harvard College
  • Published on: 2012-06-21
  • Number of items: 1
  • Binding: Paperback
  • 124 pages
Features
  • Used Book in Good Condition

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27 of 30 people found the following review helpful.
Read this if you have children!
By Faramarz Rabii
I had been wanting to read this book for a while. So I was very happy to see it back in print. This book focuses on intergenerational wealth management. A good deal of the focus is on people who have large amounts of wealth, something that would exclude me. But many of the lessons apply to regular people with modest savings. One of the best things it does is to debunk the myth that people should not discuss money with their family. It makes it clear how absolutely essential it is to teach the next generation about wealth, and its meaning. It also helps people understand that the real meaning of wealth goes beyond money and is really one's family and its values. I think anyone with children will benefit from reading this book.

27 of 32 people found the following review helpful.
Start elsewhere
By cfc
The author's primary focus is on philanthropy, which is not surprising given his job as senior philanthropic advisor to Harvard University which has the largest endowment of any university. Much of the book is concerned with how to manage trust funds within families, in particular, intergenerational transfer of leadership and training the next generation. So, unless you have a few million in a trust fund, there are other books much better at teaching your children about financial matters.

If you want some benchmarks, the lowest net worth he deals with at one point is $15-30 million where he advocates giving your children $1-2 million (although also suggesting that some families lean towards $3-5 million) If you have greater net worth, he advocates a higher number ($10-15 million per child if your net worth is over $100 million) - but there is no real justification for any of the numbers - nor any suggestions for people with lower net worth.

However, even if you do have significant wealth to pass on to your heirs (and society), this book is probably not the right starting point. Mr. Collier does not have much of his own thought to share as much of the book consists of long quotes from others and interviews with a variety of other authors and experts. It all comes off a bit disjointed, with many ideas not fully developed.

An example: midway through the second chapter, Mr. Collier redefines wealth into four different categories: human, intellectual, social, and financial (the latter is what people typically think of when the word "wealth" is used. Expanding on these could be a major theme of the book but instead, after this brief mention, Mr. Collier drops the topic until chapter 5 (where he erroneously references chapter 1 as the place where he introduced the topic). In chapter 5 his expanded definitions he seems to conflate the definitions of human capital and intellectual capital.

While throughout the remainder of the book he touches on the themes raised by these four different "wealths," there is no organizing principle behind the structure. The reader must provide the links so that when the author is discussing family meetings, you know he's referring to "intellectual capital." Why, you ask? Because the definition of intellectual capital includes communication and conflict resolution - not an obvious connection with that term.

For all families, his suggestions about the importance of telling and re-telling "family stories" resonated with me. This is an important way to pass on shared values to the next generation, It helps define what is important to your family. I will be looking for more stories to share with my family at our next reunion.

6 of 6 people found the following review helpful.
The Power of Questions
By F. Tyler B. Brown
In Wealth in Families, Charlie Collier- head of planned giving at Harvard University- raises poignant questions facing families of wealth. The applications of Collier's approach, however, span well beyond wealthy families.

Collier's Socratic, humanistic, and therapeutic approach to consulting, could help any family unit- whether of significant means or not- by helping them to structure a discussion around those issues impeding their healthy growth.

Charlie Collier is a brave pioneer in the world of family wealth planning. Collier takes an indirect, non-judgmental approach to helping families have break-through conversations. Collier's hope is that his approach will unlock answers- by helping his clients to look within their own hearts. Collier makes it clear that he has no 12-step program or silver bullet. He avoids the sophistry of so many consultants and gurus, who falsely claim they have the hidden key.

Collier doesn't hide from the truth that problems confronting every family are a complex and messy layered onion. And that it is only through raising poignant questions, listening, and resisting the urge to cast judgment or explain using neat theories that advisors can help bring about beneficial change for their clients.

Collier's main theory is that family issues, which stand in the way of financial decisions, are always far deeper than money. Barriers to change are the product of complex family dynamics that require time and ardent communication to unlock. Collier believes that as a development officer, wealth manager, advisor, or whatever, the only way to help a family work with what they are up against is to listen, be non-judgmental, and ask the right questions.

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Rabu, 13 Maret 2013

[J243.Ebook] Ebook All Aboard! Paris: A French Primer, by Haily Meyers, Kevin Meyers

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All Aboard! Paris: A French Primer, by Haily Meyers, Kevin Meyers

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All Aboard! Paris: A French Primer, by Haily Meyers, Kevin Meyers

From the creators of BabyLit®: Every area of the world can be mapped out for adventure, and brilliant babies love the sophistication of traveling by train.

This new board book series written by the husband and wife team of Haily and Kevin Meyers and illustrated by Haily, celebrates the unique qualities of each city while employing a fun primer element to tell the story. These books will have you and baby seeing the world by train and will turn story time into a globetrotting event. Perfect as a souvenir or as part of a geography collection for brilliant babies, the All Aboard! series will be pulling into your station next!

  • Sales Rank: #191061 in Books
  • Published on: 2015-08-01
  • Released on: 2015-08-01
  • Original language: English
  • Number of items: 1
  • Dimensions: 6.88" h x .50" w x 6.88" l, .0 pounds
  • Binding: Board book
  • 22 pages

About the Author

HAlLY AND KEVIN MEYERS are the husband and wife team behind the dazzling baby product line, Lucy Darling (Lucydarlingshop.com).

Haily's design work can be seen on their unique monthly sticker designs, nursery art prints and multiple baby products. Their work has been featured in Little Hipsqueaks, Pregnancy and Newborn Magazine, Red Tricycle, Babiekins, Mollie Makes, Fresh Style and HGTV Canada and specialty baby shops worldwide. They live in Arizona.



HAlLY AND KEVIN MEYERS are the husband and wife team behind the dazzling baby product line, Lucy Darling (Lucydarlingshop.com).

Most helpful customer reviews

1 of 1 people found the following review helpful.
Decent for babies
By PrincessKate
I bought this book for my 6 month old son. It is decent for him but once he gets a bit older it will be too simple. Each page contains one or two word in French with the English also. Wished they had more than just words...maybe a sentence to use the words in context. Not a great learning tool, more of a novelty.

1 of 1 people found the following review helpful.
Cute illustrations, basic French, not much of a plot
By Jade Fancher
The title of my review gives it all away. This book features cute illustrations of many famous Paris landmarks. Be aware that this isn't a storybook.

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Senin, 04 Maret 2013

[F538.Ebook] PDF Download The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals (Rich Dad's Advisors (Paperback)

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The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals (Rich Dad's Advisors (Paperback)


If you're interested in real estate investing, you may have noticed the lack of coverage it gets in mainstream financial media, while stocks, bonds, and mutual funds are consistently touted as the safest and most profitable ways to invest. According to real estate guru Ken McElroy, that's because financial publications, tv and radio programs make the bulk of their money from advertising paid for by the very companies who provide such mainstream financial services. On the other hand, real estate investment is something you can do on your own--without a large amount of money up front. Picking up where he left off in the bestselling ABC's of Real Estate Investing, McElroy reveals the next essential lessons and information that no serious investor can afford to miss. Building on the foundation of real estate investment 101, McElroy tells readers:

How to think--and operate--like a real estate mogul

How to identify and close expert deals

Why multifamily housing is the best real estate investment out there

How to surround yourself with a team that will help maximize your money

How to avoid paying thousands in taxes by structuring property sales wisely

Important projections about the future of real estate investment

  • Sales Rank: #72966 in Books
  • Published on: 2013-12-10
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.00" h x 6.00" w x .75" l, .45 pounds
  • Binding: Paperback
  • 175 pages
Features
  • How to think--and operate--like a real estate mogul
  • How to identify and close expert deals
  • Why multifamily housing is the best real estate investment out there
  • How to surround yourself with a team that will help maximize your money
  • How to avoid paying thousands in taxes by structuring property sales wisely
  • Important projections about the future of real estate investment

About the Author
Ken McElroy, Principal and Co-Partner of MC Companies, has over 26 years of
senior level experience in multifamily asset and property management,
development. Having purchased over $400 million in real estate in the past two
years, Ken brings a unique property management perspective when estimating a
property’s potential value. Ken oversees the company’s asset portfolio and leads
the day-to-day operations including financial and operating analysis, investor
relations and business development. An industry veteran, Ken has served in
leadership roles in multi-family asset and property management for more than
26 years. He is also an expert in development, project/construction
management, investment analysis and acquisitions/dispositions, as well as
business development and client relations.

MC Companies is a full-service real estate investment and property management
group that since 1985 has developed, built and managed multi-family housing
communities. Its current portfolio includes units in Arizona (Phoenix, Tucson,
Goodyear, Scottsdale, Green Valley, and Sun City); Las Vegas, Nevada; Portland,
Oregon; Oklahoma (Oklahoma City and Tulsa) and Texas (Austin, Dallas,
Houston, Plano, and San Antonio).

“The MC Companies combined core strengths create value and is the foundation
for the company we built. For us, a culture of partnership isn’t something we
hang on the wall. It’s something we actually live minute-by-minute when we
bring on a new property management contract, run the numbers on an
apartment community we’re thinking about buying or map out the strategic
direction for our company in the coming year. It’s our mutual respect, our
respective talents and our combined actions that come into play and create our
commitment to Sharing the Good Life with our families, friends, investors,
employees and our family of community residents."

Most helpful customer reviews

22 of 27 people found the following review helpful.
Disappointment...It's actually a beginner's book and even for that it is not that useful
By emikami
On page 12, "Assume you are purchasing a $1,200,000 property at 20 percent down ($40,000)..." Hhmm...this was suppose to be a $200,000 property--not a $1,200,000 property--otherwise the down payment won't be $40,000. Lots of other number related mistakes. The analysis of staging real estate as the greatest rate of return is consequently grossly flawed. The example assumed you can get $1000/month in rent--ok, that might be reasonable for $200,000 less some occupancy allowance since no property is likely to have 100% occupancy over 30 years--however, I don't see any allowance for things like maintenance, repair, tax, insurance, HOA, some of which also "appreciate" or inflate with the market. The example assumed 6%/year appreciation with 4%/year rental increases. 6% might be something that has occurred near some major cities but in more rural area's 4% might be common. Thus 5% might be more reasonable for typical suburban area that most people live around. Actually, moving forward, the rate might be much lower just based on projected lack of inflation. In any case, we all know about the big wreck in the real estate market that has happened but even before this, isolated regions have had their wrecks. 6% is way too optimistic considering that even in good markets as a whole, there are many that don't do nearly as well. If you happen to be in the wrong place at the wrong time, the rate of appreciation will be below the mortgage rate thus the numbers will not work out at all. So author's claim in chapter one of turning $40,000 to $1,083,678 just is not likely to happen based on omission of maintenance and repair and property tax, assumption of appreciation, HOA, assumption of rental increase. Even if it were to happen, on an annualized basis, that return is 11.62%/year. Not exactly an impossible number to reach in smaller company index fund where you will still have a lot of diversification and nobody call you in the middle of the night. Speaking of which, for that number to work, you would have to be managing the property yourself since there's no allowance for maintenance and repair. I don't know too many $200,000 with a roof that will last 30 years even with regular maintenance so that must be put into the equation somewhere.

I the first page of chapter 2 is a chart comparing stock market return to REIT (Real Estate Investment Trust) from 1975-2005. Conveniently omitting mid cap value index where REIT itself is part of which will make the comparison closer to fair and what you will find is that the mid-value index will outperform the REIT's with greater diversification. This also doesn't really prove real estate is better investment that the stocks anyway. Equity REIT's are not really Real Estate but entities which own and manage properties. The entities doesn't pay corporate tax but the individuals end up pay tax as s pass through. Therefore, equity REIT is nothing more than a corporation operating in a restricted type of business which in turn has is exempt from corporate income tax but passes through other tax to the shareholder. It still ends up paying property tax, maintenance, mortgage, insurance, repair, etc plus the management expense of the entity itself. It's a segment of the stock market. So cherry picking REIT segment out of the stock market and comparing it to the stock market as a whole is no more correct than cherry picking health care or financial stocks during specific periods of time it outperformed the market. Look at the price fluctuation of REIT segment and compare it against any diversified stock index and you'll see that REIT has much higher price fluctuation from the leverage that it has from the mortgage it contains. Speaking of which...author noted leverage as an advantage--it is only true if the assets obtained appreciates beyond the interest rate on the leverage--his example assumed 6% appreciation on 4% mortgage. 4% mortgage might be harder to get for rental property than owner occupied especially for a new landlord with no track record. I know the entire REIT market was in very bad shape in 2008--the leverage put a huge scare because just like many people who lost jobs and had a mortgage--many REIT were upside down and losing tenants left and right. Had this continued much longer, we would have seen a lot of REIT's gone bankrupt It's happened in the past so it certainly is a real risk into the future.

The book also noted multi-family residential as better performing than any other types of REIT's. Simply incorrect. Storage property REIT's have outperformed them all for the longest time. Depending on the period of time, commercial real estate market did better. But just because one did better than the other in the past doesn't really prove it will continue to do so in the future. Commercial real estate crashed years after residential real estate did for example. If you went with hind sight projected forward, you may have invested in commercial real estate just in time for the next crash.

LLC and insurance was noted as an advantage of real estate investment risk reduction over the stock market. Stock of individual companies are already protected from liability from passive investment thus there's really no advantage to real estate.

Once I fixed his example to what I thought were more reasonable real world numbers with real expenses, Real estate didn't seem to have particularly high return potential relative to the risk.

I'm completely disappointed with this book. Most of the rest are mere common sense things like not believing everything your real estate agent states thus verification is necessary. The book didn't go into details as to how to do that verification.

3 of 3 people found the following review helpful.
Awesome!
By Brett Berner
If you had read enough about theories and just want to get your hands on sound principles, this book may be for you. I was able to follow simple steps to create numbers based on data and removed the emotion of property to make a more successful purchases based on data, not emotions.

2 of 2 people found the following review helpful.
I do love this book
By Chappy
I really like this book. I recommend it to all my friends who are interested in real estate. To tell you the truth I buy this book as a gift and this is maybe my 5th copy.

While some of the info may be somewhat dated, the principles are still worth while if you follow the instructions on how to calculate profitability. You just have to put down a lot more (on houses) than used to be the case. I have followed the advice of this book and I have two rentals. I do make money on them. Just make sure to buy a nice structurally sound building in a nice area.

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