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 enlarge | Author: Thomas Lucier
Publisher: Wiley
Category: Book
List Price: $24.95
Buy New: $13.50
You Save: $11.45 (46%)
New (45) Used (25) from $10.25
Rating:  211 reviews
Sales Rank: 4186
Media: Paperback
Edition: 1
Number Of Items: 1
Pages: 272
Shipping Weight (lbs): 1
Dimensions (in): 9 x 7.4 x 0.7
ISBN: 0471692794
Dewey Decimal Number: 332.6324
EAN: 9780471692799
ASIN: 0471692794
Publication Date: December 27, 2004
Availability: Usually ships in 1-2 business days
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| Customer Reviews:
 Hard to endure the poor writing style May 13, 2007
14 out of 18 found this review helpful
As other readers have said, this book contains quite a bit of useful information on picking up preforeclosure properties. However, Lucier's lousy writing style makes it pretty hard to get through the book. Even worse, his style sounds so uneducated that I lose confidence in what he has to say.
Ultimately, I hope to make use of the information provided in the book, but if you buy it, be prepared to grit your teeth as you try to get past the writer's poor style.
Don't listen to the naysayers May 12, 2007
30 out of 30 found this review helpful
Someone from another country once said, this book is no good for another country and gave it low ratings... Well, duh! U.S. law only applies to U.S. stuff. This book is by far one of the best guides on pre-foreclosures and should be considered as the beginner's guide for bank foreclosures. Also, when the title says 'distressed' real estate, it's not talking about bad properties but rather properties with their mortgages no longer being paid.
The difference is important because distressed properties suggest run down stuff. When actually, a lot of preforeclosures are great houses and for one reason or another the owner no longer chose to pay for it.
Overall a good guide. Also on another note, I only buy books BY investors not marketing gurus or writers. Lucier is a REAL investor, with personal experience. Those are the type of authors you want to read from. Here are other books by REAL investors:
Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time by Loftis
Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days-Investing Without Losing Series by Sausa
FLIP: How to Find, Fix, and Sell Houses for Profit by Villani
 A good meat and potatoes book on Preforeclosures May 9, 2007
4 out of 4 found this review helpful
I found this book to be very useful. It applies well to Preforeclosures overall nationwide and is especially useful if your are in Florida. He does not add fluff, or hype to this book. I would also recommend "How to be a Quick Turn Real Estate Millionaire" by Ron LeGrand as far as how to find leads (cheap marketing)and wholesaling. These are both books you should have in your Real Estate Investing Library! The Pre-Foreclosure Property Investor's Kit should be a reference handbook for serious investors!
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 a let down May 5, 2007
132 out of 145 found this review helpful
Having read the other reviews, I bought this book with high expectations. I was very disappointed. The book lacks details and conatins too much cursory, trivial and antecdotal information. For example, the author explains that public records are listed in alphabetical, he gives great examples of which mobile office equipment to buy and describes over and over how wonderful the internet is but glosses over important details like actual examples of what exactly you find in the public records and examples of how to determine if a deal is worthwhile or not. He talks about due diligence and that one should research the public records to get information from 50 different places. He even goes on to tell a story about a women who didn't do enough research and ended up with a $19,000 tax lien attached to her pre-foreclosure property. Again though, he never shows any examples or those records or HOW to use those records to determine if a deal is worthy or not. His step-by-step process is not detailed enough to put into practice without doing tons more research. The book seems unfocused and often times wanders away from the point. Overall not a very practical book but probably a pretty good buy if you know nothing about foreclosures, pre-forclosures or home buying in general.
Very detailed April 9, 2007
6 out of 6 found this review helpful
Very detailed book that really explains the process. I was hoping it would include a bit more about rentals but the tactics included for getting a great deal can be applied to any type of real estate buyer. Great book for terms and as a resource. He loads the book with websites to find data. He also makes you very aware key issues that are often overlooked in other books.
Not a motivating book...just meat and potatoes... which is good if you have already had enough of those. This book is loaded with info but is a bit dry. I would say it is a must read for anyone not familiar with all of the ins and outs.
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