Goldmining in Foreclosure Properties

George Achenbach, has written other real estate books under the names Val Cabot and Lee Crown. He has been a builder of 7,000 houses and a buyer of foreclosed properties. He tells of his sucesses as well as his unsucessful ventures into the foreclosure world. His book has pictures of and descriptions of the various foreclosure cases with which he has been involved. His book is written from the prespective of somebody who actually worked foreclosures for many years. This is not the easiest area of real estate investment to work, but through deligence and perserverance the rewards can be extremely lucrative. There are other books on foreclosure, but I can't think of any that are as good. Over 50,000 copies of this book have been sold and with good reason. There are a lot of PRETENDERS in the foreclosure field with books and course that have high promises and little substance. George Auchenbach is the REAL Deal. He's done foreclosure investing for many years and has written an easy to read layman book on foreclosure. My only criticism is that some aspects are dated. The cases in the book stretch back over the 30+ year career of the author and therefore some of the dollar amounts and the years of the transactions are old. However the principles and lessons learned from the author's experiences are timeless. This is best book on foreclosure that I've read, but I'm still looking for something better, that perfect book. If I could I would have rated it 4.5 stars. I recommend this book to anyone interested in buying foreclosure real estate.

Very informative and well written, great resource for foreclosure knowledge.

No one book is perfect. Read as much as you can before putting your money at risk, but do NOT exclude this book. It is the best of at least 10 that I've read recently. This is an author who's really done it, over and over. He gives details of his own examples in buying and selling, carrying paper, renting and rehabing. He's creative and honest. This is a hands-on, non-theoretical approach.There's absolutely no hype and he spends zero time trying to convince you how great he is (or how much you need to buy this or that seminar/tape/etc.) This book is straight forward, good information about finding and buying distressed properties, then rehabing or renting or selling or creative deal-making with them for profit.Some of the information seems slightly dated and many of his examples were deals probably not so recent. The book has some typos and reversed photos (of the condo where the house discussion is and vica-versa). Nonetheless, I never felt a lack of relevance in the material. Its not perfect, but its very good.

His step by step guide leads the first time forclosure buyer easily through the process. Even with some dated information in the book, the process was still simplified using the stated advice. A STRONG REFERENCE POINT FOR ANY ONE IN OR BEGINING FORCLOSURES.

This book help me get staarted in Real Estate. I bought my first house as a Pre Foreclosure and made a $ 20,000.00 dollar profit. A great place to start.