The Automatic Millionaire Homeowner.

David Bach

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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.

What will you learn from this book

  1. Homeownership as a Wealth-Building Tool: Bach likely emphasizes how owning a home can be a crucial step toward building wealth, offering insights into the financial benefits of homeownership.

  2. Automating Finances: The book may discuss strategies for automating savings, mortgage payments, and investments to build wealth gradually over time.

  3. Mortgage Strategies: Bach might offer advice on optimizing mortgage payments, understanding different mortgage options, and paying off mortgages early to reduce interest costs.

  4. Equity Building: Exploring ways to build equity in a home, such as making extra mortgage payments, leveraging home improvements, or using home equity wisely.

  5. Real Estate Investment: Bach might discuss real estate as an investment vehicle, touching on aspects like rental properties, leveraging home equity for investments, or strategies for real estate appreciation.

  6. Tax Benefits of Homeownership: Explaining tax advantages associated with owning a home, such as deductions on mortgage interest and property taxes.

  7. Home Maintenance and Financial Planning: Stressing the importance of budgeting for home maintenance and repairs while planning for long-term financial goals.

  8. Insurance and Protection: Advising on the importance of homeowners insurance, protecting one's investment against unforeseen circumstances, and mitigating risks associated with homeownership.

  9. Market Trends and Timing: Bach may provide insights into market trends and timing when buying or selling a home, considering factors like interest rates and housing market conditions.

  10. Long-Term Wealth-Building Mindset: Encouraging readers to adopt a long-term perspective, viewing homeownership as a component of a comprehensive wealth-building strategy.

Language English
ISBN-10 0-7679-2120-8
No of pages 254
Font Size Medium
Book Publisher Crown Business
Published Date 07 Mar 2006

About Author

Author : David Bach

6 Books

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