The Automatic Millionaire Homeowner: A Lifetime Plan to Finish Rich in Real Estate | 
 enlarge | Author: David Bach
Publisher: Broadway
Category: Book
List Price: $12.95
Buy New: $5.99
You Save: $6.96 (54%)
New (37) Used (17) from $4.57
Rating:  2 reviews
Sales Rank: 330592
Media: Paperback
Pages: 288
Number Of Items: 1
Shipping Weight (lbs): 0.5
Dimensions (in): 7.9 x 5.1 x 0.8
ISBN: 0767921216
Dewey Decimal Number: 332.63243
EAN: 9780767921213
ASIN: 0767921216
Publication Date: March 4, 2008
Availability: Usually ships in 1-2 business days
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Product Description
David Bach’s Simple System for Building Wealth Through Homeownership Will Help You Finish Rich in Any Market—Automatically
Updated with a new chapter of success stories Owning a home has always been the American Dream, and in The Automatic Millionaire Homeowner, David Bach shows that buying a home and investment properties is not only possible, it is still the surest way to reach your seven-figure dreams on an ordinary income. Whether you are a renter or already own a home, Bach’s book offers a lifelong strategy for real estate based on timeless wisdom that is tried and true—in any market. He includes everything you need to know, with step-by-step instructions, including phone numbers and web sites, so you can get started right away. As long as you’re alive, you have to live somewhere. Why not let where you live make you financially secure and ultimately rich? David Bach will show you how.
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| Customer Reviews:
 Attention Renters:Read This Book September 7, 2008
Steve Burns (Nashville, TN)
1 out of 1 found this review helpful
This book is a 5 star book if you are looking for a book to inspire you to be a first time home owner. 80% of this book explains the entire process of how to become a homeowner, it would have been very helpful to me before I bought my first home 16 years ago. He explains mortgages and how they work, what kind of real estate agent to use and what to look for in making your choices. 20% of this book explains why it is important financially to own your own home. For example: Homes rise in value on average 6% a year. So if your home is valued at $100,000 it will grow in value by $6,000 a year. This can add up quickly in equity and will turn out to be one of the greatest investments you have ever made. David Bach believes that home ownership is essential to becoming an automatic millionaire. This book briefly discusses how wealthy you can become by keeping your homes as rental properties as you trade up to larger homes. This book is not about "flipping" properties it is about owning them for the long term. I would highly recommend a beginner in real estate or personal finance to read this book it will be very useful, however this is not for current home owners or real estate investors. I will be giving this book as a gift to my children when they turn 18. Owning a home is essential to financial success, even though I am uncomfortable with Mr. Bach's advice to leverage debt for multiple houses. My first starter home made me $40,000 in 10 years when I sold it, which was a huge contributor to my net worth. If you want to build wealth buying your home is essential along with your 401K contributions, and living as debt free as possible. With the current horrible housing market this is the best opportunity to buy in decades. Pick a starter home in a growing area and watch its value grow while you lock in payments that do not increase with inflation. Live the American dream, buy your own home.
 If you're 20 and just starting out.... April 21, 2008
Michelle (Franklin, WI USA)
2 out of 4 found this review helpful
this is the book for you. It offers basic knowledge for a young person who is looking to buy their first home. This book, however, is not for someone who is looking to start over, reestablish themselves, has or had credit issues. It offers no suggestions to help people who are trying to get out of debt or who have made mistakes in real estate.
I do agree that this should be required reading for graduating high school seniors. Because if you're not diligent from the very beginning, David can't help you!
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