A fun and interesting read, the WealthLoop Series book, Beginner's Guide to Building Wealth Buying Houses
by John A. Michailidis, Esq., manages to fulfill its title's claim by first outlining the author's pragmatic yet contrarian investing philosophy, and then walking the reader through a step-by-step action-plan for personal wealth creation through residential real estate investing.
Tapping into what he calls, "Every person's American Dream to own a home of their own," Mr. Michailidis outlines a process whereby investors find tenants to "pre-sell" their properties to, thus locking in a guaranteed rate of return for the investor and ensuring that the tenants have a vested interest in the care and upkeep of the property. According to Mr. Michailidis, this approach to renting allows the property owner to command large up front deposits and above market rents while shifting the responsibility for routine maintenance and repairs to the tenants.
Complete with a detailed case study, sample rental ads, example rental forms and agreements, and an extensive list of resources, this book actually accomplishes the lofty goal it sets for itself with its rather optimistic sounding title. Agents and investors alike from across the nation have been profiting considerably from the practical insights taught in this easy to read “how to” book.
About the Author:
John Michailidis, Esq., is a real estate broker, coach, and consultant who started in real estate in 1990, holds the GRI and CRS designations, and is a candidate for the CCIM. He received his law degree from the Northwestern University School of Law, and is licensed to practice law in Illinois. Mr. Michailidis has counseled, mentored, taught and represented countless hundreds of real estate professionals and investors throughout his career and is a recognized author and speaker on the subjects of investing and small business entrepreneurship. His company Chicago Building Exchange, Inc.® specializes in working exclusively with investment buyers and sellers, and Brain Forge Press, Inc.™ specializes in training, coaching, and consulting.
"John . . . You Rock!"
-Gary Keller, Co-Founder, Keller Williams Realty International and New York Times Best-Selling AuthorBack to Top