Tuesday, June 06, 2006

Real Estate Investing: TV-Promoted Programs vs. Tasteful Rehabilitation (a review)

Real estate investing knowledge gained through televised investment programs promoted by infomercials or through mentoring is not the be-all, end-all solution that the real estate gurus would have you believe.

"Real estate investing is truly a great way to make a fortune," says Professor Jeanette Joy Fisher. Moreover, Professor Fisher says, "Real estate infomercials do great harm to beginning investors, who waste hundreds of dollars on old information."

Ms. Fisher has an interesting book, "Doghouse to Dollhouse for Dollars: Using Design Psychology to Increase Real Estate Profits," that seems to provide an approach to buying and reselling properties. The "before" versions of the property being rehabilitated she calls "doghouses." The "after" versions are called "dollhouses," and the examples seem to bear that out.

The book consists of eight chapters and an appendix:

Chapter One - Discovering the Possibilities
Chapter Two - Credit Help
Chapter Three - Financing Your Doghouse
Chapter Four - Finding Your Doghouse
Chapter Five - Planning During Escrow
Chapter Six - Transformation Psychology
Chapter Seven - Selling for Maximum Profit
Chapter Eight - Holding for Your Future Income

Chapters two and three address useful information on improving your credit and getting a real estate loan.

You can find links to read more about Ms. Fisher’s approach to rehabilitating properties in her article, "Real Estate Investing: Infomercial and Mentoring Scams," at EzineArticles.com.

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The Doghouse/Dollhouse book provides you with some inexpensive advice on real estate investing.

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