BiggerPockets

Has any of you guys read some of all of this book yet? I want to get it but the price is up there, which i honestly won't mind assuming it's a useful book. I also kind of wonder if what worked back in the 1970s and 1980s era would still work in todays real estate climate.

thanks guys!!

Tony, I have the "... three million" version of the book. It's written like a walkthrough of real estate deals.
It starts with understanding the financial side of it all, then looking for the first property and motivated seller, acquiring the starter house. then renting it out for a few years, renovating it and trading it into a larger property from a motivated seller, and so on. Every step is brought out with the mistakes and lessons learned. I can remember this much right now, I read it a year ago the last time :)

I'd say it's invaluable book for a complete novice or a beginner just starting out but if you have already some experience in real estate (or you have read other books on the subject already) you will probably find it to be more of a motivational book, than a book with revolutionary ideas. Still, it's worth reading. The basics of real estate investing have not changed :)

This is a pretty good book. The best one is the first - the $1,000,000 because of the additional entertainment value of his currently non-PC and illegal rental suggestions. Remember, this book was written 50 years ago, at least.

For example, he has a section in which he discussed whether or not you should rent to black people for fear of lowering your property values. He also talks about not renting to families, or single women - its pretty funny seeing as following any of those suggestions would land you in a big money fair housing lawsuit these days!

So why isn't there a new printing of this book? Or a Kindle version? Or a BiggerPockets member who wants to trade me for 10 REI books from my shelf?

You don't have to spend $50 on this book. I've gotten all three versions on Amazon or Half.com for under $5 each. Just keep your eyes out.

Here is one copy for $0.99 and one for $3.24

http://www.amazon.com/Turned-Into-Million-Estate--Spare/dp/B000LCD2QQ/s=books&ie=UTF8&qid=1303504975&sr=1-6

http://www.amazon.com/turned-into-million-estate-spare/dp/B0007F2P7E/s=books&ie=UTF8&qid=1303504975&sr=1-5

Yes $5M is the most recent copy but its still like 40 years old. Nickerson died since then, so he hasn't been updating much recently.

@Chris - great link, thanks!

any updates on what you thought of the book?

Ive been reading alot. Just got done reading "secrets of the millionaire mind" and "the millionaire next door". Like Rich said, anything that makes me think "outside the box" is good. I have ALOT to learn.

just ordered mine from amazon...5.48 with shipping!