Product Description

Imagine this. You buy a home, live in it, then buy another. You build your wealth through real estate—and then retire rich. It may sound too good to be true. But it’s not. It has happened, it’s happening now and it will continue to happen for millions of people over the next few decades. The question is, will it happen for you?

If you want the answer to be “yes,” then stop what you are doing and open this book. Read a few pages. Bach’s simple strategies make you rich where you sleep. All you have to do is follow his easy program to go from renter to owner, and from owner to Automatic Millionaire Homeowner. The rest is automatic!

What’s the secret to becoming a millionaire in real estate?

Since the runaway success of David Bach’s #1 New York Times bestseller The Automatic Millionaire, people all over the world have asked David the same question—is it really possible for me to get rich in real estate?

Now, in The Automatic Millionaire Homeowner, David Bach reveals why buying a home and investment properties is not only possible, it is the surest way to reach your seven-figures dreams on an ordinary income.

The Automatic Millionaire Homeowner starts with the powerful story of an average American couple with a modest income who stretch to buy their first house for $30,000 and retire 35 years later owning a home on a golf course and rental properties worth over three million dollars. Through their story you will learn the surprising fact that even if you have cheap rent you can’t get rich renting! You must first own a home, and make it the foundation on which you build your financial security.

What Makes The Automatic Millionaire Homeowner Essential:

You don’t need a big down payment to buy a home.
You don’t need great credit.
You should buy even if you have credit card debt.
You can buy a second home even if you’re still paying off the first.
You can get started in any market–boom or bust.
It’s easier to be a landlord than you think.

Whether you are a renter or already own a home, David Bach gives you a lifelong strategy for real estate based on timeless wisdom that is tried and true. He includes everything you need to know, with step-by-step instructions, including phone numbers and websites so you can get started right away. His road map to ownership is easy to follow and, best of all, it makes the process totally automatic.

As long as you’re alive, you have to live somewhere. Why not let where you live make you rich? David Bach will show you how.

Product Details

• Amazon Sales Rank: #98207 in Books
• Published on: 2006-03-07
• Released on: 2006-03-07
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 272 pages

Amazon.com Review
Finish rich in real estate! Bestselling author David Bach is back with The Automatic Millionaire Homeowner, another user-friendly, motivational book designed to help you "build wealth through homeownership" and "finish rich in any market." Whether you already own your home or are renting, Bach gives you a long-term strategy with step-by-step instructions--making the process almost automatic!

The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich	The Automatic Millionaire Workbook: A Personalized Plan to Live and Finish Rich...Automatically	Smart Women Finish Rich: 9 Steps to Achieving Financial Security and Funding Your Dreams
Start Late, Finish Rich: A No-Fail Plan for Achieving Financial Freedom at Any Age	Smart Couples Finish Rich: 9 Steps to Creating a Rich Future for You and Your Partner	The Finish Rich Workbook: Creating a Personalized Plan for a Richer Future

From Publishers Weekly
Starred Review. He's Baaaach, with a seventh book dedicated to helping readers store up a bundle. Though readers of Bach's Start Late, Finish Rich and The Automatic Millionaire will encounter some familiar material, the bestselling author offers a great book that first-time homeowners and anyone toying with the notion of investing in real estate will find immensely practical. From questions to ask a realtor to explanations of the fine print in loan contracts, Bach offers universally good advice on how to begin saving and building wealth through homeownership. The book is also wildly motivational; frequent asides urge readers to finish the book quickly and start accumulating assets. True to its promise, the book is a swift read, arming readers with everything they need to know in a simple, accessible manner. Just in case any confusion lingers, end of chapter action lists and free online audio supplements are also provided. Bach's extensive experience in leading financial seminars, motivating audiences to take financial responsibility and snagging appearances on Oprah are apparent in his ability to enthusiastically lead readers through even the most arcane aspects of home buying. (Mar.)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

From AudioFile
With intuitive, energizing writing, Bach speaks to people at all levels of financial sophistication--from shortsighted and naïve to disciplined and ready to buy a home. The mechanics of his automatic-saving formula are well known; what he adds in this audio is an array of practical advice on tasks like saving for a home, selecting and inspecting one, arranging financing, and negotiating a great price. Oliver Wyman sounds like he could be Bach's twin brother because he speaks with the same cadence and enthusiasm one hears when the author reads his books. With a clear delivery and no overselling, Wyman will make listeners want to reconsider their procrastination about becoming homeowners. T.W. © AudioFile 2008, Portland, Maine-- Copyright © AudioFile, Portland, Maine

Customer Reviews

Enthusiastic Primer on Initial Home Ownership
The title of this book may be a bit over-reaching but this is a good primer for those who are looking to leave renting behind and embark on home ownership. Author Bach offers a thorough primer into the wisdom of getting into the real estate market and buying a home. This is NOT a get-rich-quick scheme, but rather an approach for a patient person.

One caveat is that many of Bach's principles work better in a rising real estate market. In some markets, this advice could render you An Automatic Bankruptcy Case.

Since the book's publication, the residential real estate market has cooled or tanked in many areas. This may make it tougher in the short run to recoup on some of Bach's advice. In fairness, he recognizes in the book the cyclical nature of real estate markets and recommends a long term discipline in holding real estate in up markets and down cycles.

Knowledgable
This product is well worth it's money. It has many pointers, directions, and links to better your knowledge. Remember, knowledge is power.

Great New First Home Buyer Advice!
I bought the book not knowing what to expect , however it had so many good tips that are relevant to buying a home for the first time. It also extends great advice about real estate as an investment. I recommend it to anyone looking for good sound, structured advice about investing in a home.