Nickerson William - How I Turned $1,000 into Five Million in Real Estate in My Spare Time

Author : Nickerson William
Title : How I Turned $1,000 into Five Million in Real Estate in My Spare Time
Year : 1984

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Revised and Updated Edition. This extraordinary book tells you everything you need to know to make your fortune in real estate. William Nickerson describes how he started in real estate in his spare time with small savings from his telephone company job—and ended up a wealthy man. Step by step, he tells you: • How much money you can start with • How to grow rich on borrowed money • How to choose and buy your first property • How to improve your property for profit • How to trade properties to get maximum income • How to advertise and rent apartments • How to write effective leases • How to collect rents • How to handle evictions • How to make a three-way trade • How to hire an apartment manager • How to refinance your holdings • How to save on your income taxes • How to operate under government regulations and rent controls • How to avoid common errors • How to use your property to acquire more property Best of all, he offers you a clear, specific, time-tested program to help you make a fortune from rent-producing income property. Can you still make a fortune in real estate today, starting with as little as $2,500? William Nickerson, the original real estate success story—the man who turned $1,000 into a million in his spare time long before the current real estate boom, and astounded experts everywhere with his best-selling book, How I Turned $1,000 into a Million in Real Estate — answers this question with a resounding “Yes!” Opportunities for the average person today are better than ever before. My basic investment formula has not changed. Nor is it likely to, for my fundamental precepts for making a fortune will always hold true for enterprising people. Not only are they accepted by experienced realtors, but men and women of every walk of life—regardless of age, experience, location, education, capital or lack of it—have written to thank me for revealing my operating methods and for my detailed program which has put them on the realty road to riches. In the years since the original edition of this book was published, literally thousands of people have followed William Nickerson's formula for financial success. Some have even written books about their experiences. But for all-time money-making advice and a specific program, no subsequent real estate guide has compared to this one. The first edition rocked America as no financial guide had ever done—selling over half a million copies in 18 big printings —and Nickerson's first revision, How I Turned $1,000 into Three Million, has been a perennial best seller for a decade, pushing the total sales past one million copies. Nickerson's story is as fresh and fascinating now as even he takes us, step by step, through the stages that led him from a salaried telephone job to financial independence, and details the practical investment principles that can make you a millionaire. Fully revised and updated for today's market, this edition includes new operating innovations Mr. Nickerson has developed through his own personal experiences with his properties and his continuing analysis of the practices of successful investors across the country, complete with up-to-date references, valuations and forms where appropriate. It tells how, by using these innovations, and by the continuous use of the power of pyramiding, he has increased the one million dollars he wrote about in the original edition to five-million-dollar net estate today. How did he do it? How can you do it? Read this book and's the classic, best-selling and best guide to real estate investment ever written. About the Author William Nickerson, a Californian, began his career in real estate at the age of twenty-eight. He had managed to save $1,000 of his earnings as a telephone company employee and made a down payment on a house. Two years later he and his wife traded that home for a pair of flats. After working twelve more years for the telephone company, and operating rental property as a sideline, he managed to pyramid his net estate to half a million dollars. He retired at the age of forty-two to concentrate on managing his property, with time out for gardening, swimming, hunting, fishing, traveling, writing and lecturing. ...

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