How to make an artist's book?

Real estate Gurus or Scam artists?

• I hear people always say that the guys (or gals) who write REI books are scam artists. I find this hard to believe seeing as how the authors of these books HAVE made substantial money by investing in real estate. How does that make them a scam artist if they just write about what they did? Also what is there to really know about REI? All these books tell you the same thing. Buy low fixer upper properties, clean and repair as needed, then rent or sell as quickly as possible. Renting would be a lot easier and in this economy renting should be booming for the next few years because people will now believe real estate will never go back up again (which is ridiculous because look at history, people said the same thing in the 70s and 80s). i feel the people who say these authors are scam artists are the few that buy a property above their means and then try to flip it. Most of these books say that you should start out small and work your way up over time which makes the most sense. Also people tend to underestimate what needs to get fixed in a home and their budget gets demolished. And every one knows that the failures always speak louder than the ones who take their time and succeed. Now some of them may be more focused on selling their book instead of investing in more real estate but i don't consider that being a scam artist. My question is, am I being way out of line here or are the majority of REI authors scam artists? I don't think they are. It's just that people tend to get in way over their heads way to soon before they build up any capital or establish any cash flow and start investing in multiple/larger properties. I think if you have a realistic grasp on things any REI book should have some good advice and then you just use your common sense. Your thoughts.

• Answer:

  There have been scam type authors who claimed that you can buy houses with no money down and then there is the flip houses to tax liens and then become rich. These are scams to sell books and courses. There are books that are not scams but it's hard to figure them with the scam books to tell if there is a difference since they have the same titles. People should look for real state finance text books. Real Estate is part of finance and not a flip product. It is regulated by the Govt and you can't simply buy a neighborhood and flip it. You can't simply buy a house in a poor area and rebuild a rich house and flip it. The rich people will not even set foot in the area to look at the wonderful job you did, much less buy the place. Where are the poor people suppose to live if a contractor starts rebuilding them. This is a task for the Govt and guarantee they will put a stop to your flip high cost of housing. think you have a valid point about real estate, but when it comes to those REI books, most of them are garbage. Some of the stories remind me of a rap video where the rapper was in a junk car yard and said he had a thousand cars.