No nonsense, real deal real estate advice.
I just bought his Options book and think that 2005 will be a very good year for me in the real estate business. I am on the right track now.
This is the best no-nonsense step-by-step guide that you can buy. You can spend thousands on seminars and boot camps that are mostly hype and “fluff” or about $20 for a book that’s worth thousands. It’s a great tool for the new investor and straight talk for the seasoned investor. Every form for any situation from what I can see in the book is on his site and can be down loaded for free.
It really filled in the gaps that the other books left. It is written as a teaching tool with lots of resource and reference material in it. I have read so many books by people who seem like their more interested in motivating you too their $5,000 real estate seminar than to give you the information you need to make it in real estate. I have read two of Mr Lucier’s books one on pre-foreclosures, and the other on real estate options which I have highly recommended to people that I’ve been discussing real estate with.
Considering other Guru’s want you to buy a plastic CD with forms on it for about $400, this guy’s got to be crazy. He’ll probably file bankruptcy in a couple of weeks giving all his forms away for free. Each chapter is like a reference guide to the process complete with downloadable internet links and useful resources. If you ever want to know what to do, how to do it and where to go to look for it, this is all you need. Now that’s what I call customer service and someone who stands behind his work. This book is packed with practical, useful information.
I would say it is a must read for anyone not familiar with all of the ins and outs. In pursuing foreclosures, the law is involved every step of the way and you better know what you’re doing or you could really pay the price.
I appreciated all of the links he provides to other websites for further research. In addition, he provides free downloads from his website of letters, worksheets, etc. He gives a lot of useful information on mortgage companies and how to handle yourself when negotiating with them. Also, Lucier provides links to many internet sites that can help an aspiring investor get started in the business. I would recommend this book to anyone who is really interested in improving their income. I write to say this is the best book to start investing in pre-foreclosure. This is where people get huge savings because you can deal with the bank or owner (that’s about to lose his or her home). This is one of the two favorite books I have in my real estate/foreclosures library.
The book is fine. I’m writing because of a problem when we purchased this item.
I do wish he would put out a more up to date book (I wish everyone would. LAUNDRY CABINETS.
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When you buy into into a condominium complex, townhouse, co-op, or subdivision development, you’ll have to put up with homeowner association’s rules and regulations; violation fines; a lien if you don’t pay your fines, monthly dues, or assessments; and other fines if you don’t abide by the rules.
Don’t make the mistake other homeowners have by failing to review the homeowner association rules before you buy a property. When you review the association rules, check to see if the following rules exist:
-The homeowner association has to approve any exterior design alterations or painting done by the homeowner.
-Vehicle repairs aren’t allowed to be performed in the driveway of a home.
-Backyard storage sheds aren’t allowed on your property.
-Setting up of hanging laundry lines, television antennas, satellite dishes, or basketball hoops aren’t allowed.
While civil rights laws influence the drafting of homeowner association rules, some residents won’t be thrilled with some of the regulations. For example, just because a homeowner association regulation permits a property owner to have children living in the community doesn’t mean all residents will be overjoyed with the presence of kids. Only a senior community can exclude children from living in its association. You may need to be proactive in your association to help reform a better environment for your children.
Here are some additional association guidelines you may be forced to follow:
-Only one pet per unit allowed. Maximum weight can’t exceed 15 counts.
-Association rules will force a property owner to dispose of uncontrolled or excessively barking dogs within three days notice by the board.
-If a property owner maintains a bicycle, it has to be locked away in specially designated places. They can’t be left unsupervised on common grounds, in hallways, or left out on patios or balconies.
-Public conduct and attire in the community areas must adhere to association regulations.
-Signs aren’t allowed on uncommon areas of the association in any form or fashion.
-Owners aren’t permitted to install drapes or curtains in any unit without a white liner visible from the exterior.
-Property owners aren’t permitted to entertain more than 10 people in a unit of any single time.
-A property owner desiring to rent their unit out must obtain approval from the board prior to doing so.
-If finances are tight and you want to sell your unit, you can’t do so without the approval of the board. If the board has any awful reason to reject your buyer, you won’t be able to sell the property.
Living under the watchful eye of an oppressive association can make your life stressful. Check all association rules in advance before you make your final decision to buy into a particular development.
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