“An excellent how-to book…” Carleton Sheets
Posted on September 9, 2003
(the following is from THE WEEKEND MILLIONAIRE’s foreword by Carleton Sheets, reprinted by permission of the publisher)
When Mike and Roger asked me to write a foreword for this book, I was flattered. But, when I read the manuscript, I became truly excited. It is an excellent how-to book, with nuances running the gamut from creative ways to buy and manage property to the psychological mindset of individual and institutional sellers.
I am so pleased to make this small contribution, because Mike and Roger’s investment philosophies are so much like mine: Buy real estate; hold on to real estate; have your real estate professionally managed; let the cash flow from your real estate, and the passage of time makes you rich.
Sound simple? You’re right. It is. However, you would be amazed at the people I run into that try to “brain” their way through investing. They buy the right property but in the wrong neighborhood. They buy the wrong property in the right neighborhood. They pay too much for a property. They run into severe management problems. They experience any one of a myriad of problems that never would have happened if they could have taken advantage of the advice and directives available in this book. The Weekend Millionaire’s Secrets to Investing in Real Estate, written by two professional and successful investors, is going to create many self-made millionaires. If you’re trying to change your life financially, real estate has no peers.
Armed with the right knowledge and a roadmap showing you what to do, you can create a substantial cash flow and build a large estate as well. Early in my adult life, I remember someone telling me that you could become a millionaire investing in the stock market. I later learned that’s true—all you need to do is start with two million. Marshall Field said it best: “Real estate not only the best and quickest way to make you wealthy, for the average person it truly is the only way.”
This book will give you the knowledge you need and the roadmap to follow. It is well written, easy to follow, and exciting to read. Just remember, becoming wealthy in real estate is not a get-rich-quick program. It is a getrich- over-time course of action. The nice thing about the “trip” though, is that getting from where you are now to where you want to be is not only fun, but you will start enjoying some of the cash flow, equity buildup, and tax benefits immediately.
As an investor for over 30 years, I can tell you that a trip of a thousand miles begins with a single step. Reading this book is that first step. The second is putting what you read to use. Very soon, you’ll be thanking Mike and Roger (and in a small way, maybe even me) for getting you started.
Good Investing!
–Carleton H. Sheets
Author of How to Buy Your First Home or Investment Property with No Down Payment
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