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John T. Reed Real Estate Advice?


Searching the web recently on the subject of Real Estate Investing led me to John T. Reed鈥檚 views of various real-estate-investment gurus. His site is heavy text but he gives his readers a list of rip-off artists and credible resources on the subject of real estate investing. I find his approach straight forward and honest but would appreciate any advice or experience you have had with Mr. Reed. I want to be cautious of any information I consume. Any background or critique would be appreciated. Thank you....

It's funny you should ask this because within the last two days I was pondering the same thing. As a reader of almost every real estate guru out there, I am able to take one person's idea and combine it with another. I know he was wrong about Bill Gatten because he fully didn't understand the PACT Trust idea.

I also have to question someone who states that other people are not creditible while he, himself, is selling the same information.

Regards

I am not familiar with John T BUT I can tell you this: I've been looking for a great book to give it as a gift or reference it to my clients and the one that I found worthy reading (I dont make money for refering you to this book) was "The Automatic Millionaire Homeowner" by David Bach.

I personally agree with almost everything he talks about in this book. He has almost the same type of mentality as mine where we see a homeowner and a "true" real estate investor as one of the same person. We also see people that are just speculators or flipper that like to think of themselves as investors which in reality they are not.

With that said, I am not sure what type of mentality JTR has so I would not be able to comment on this.

Good luck

Keep in mind...........

Times and markets are changing!

In California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???

This last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.

From 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!

With all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!

For some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:

Times and markets are changing!

In California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???

This last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.

From 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!

With all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!

For some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:

http://www.brokerforyou.com/brokerforyou
http://www.downtown-san-diego-real-estat...
http://www.brokerforyou.com
http://www.san-diego-for-sale-by-owner.c...
http://www.la-jolla-ca-del-mar-san-diego...
http://www.brokerforyou.com/blogger/inde...
http://san-diego-coastal-real-estate.blo...
http://sandiegofsbo.blogspot.com
http://downtown-san-diego-real-estate-vi...
http://san-diego-coastal-real-estate.blo...
http://sandiegofsbo.blogspot.com
http://downtown-san-diego-real-estate-vi...
http://www.poway-real-estate.info
http://www.del-mar-real-estate.info
http://www.la-jolla-real-estate.info
http://www.los-angeles-real-estate-broke...
http://www.san-jose-real-estate-brokers....
http://www.orange-county-real-estate-bro...
http://www.san-francisco-real-estate-bro...
http://www.sacramento-real-estate-broker...

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