How Can the Average Person Build Wealth in Real Estate?

Books on real estate are a dime a dozen-and most focus on taking advantage of someone else's misfortune. They frequently describe lofty methods for buying and selling properties no ordinary citizen can be successful using.

Real estate professional Dan Auito has had enough of books that waste people's time, money, and effort, and sap their will to believe in their abilities. So he has written "Magic Bullets in Real Estate: Your Guide to Understanding and Using Real Estate to Your Best Advantage," which reveals how every person can live a life of prosperity and security. It describes in detail a concrete plan to find, negotiate, contract, buy, sell, rehabilitate, and flip properties-as well as manage tenants, taxes and tradesmen.

"The book gives strategies on how to zero in on specific real estate," explained Auito, who has bought, sold and rented many properties over the last fourteen years. "It gives practical, affordable steps for achieving results-without paying commissions or management fees."

This common sense, enthusiastic guide dispels the myth that investors need agents and managers to work on their behalf. It describes how to use mentors, appraisers, real estate attorneys, title companies, lenders and a supportive group of educated parties to inform, educate, guide and encourage. Auito said that by reading about what has worked for him and seeing how it has worked, individuals can save vast amounts of money and frustration.

"I don't want to waste people's time with philosophical tales of how I or someone else made it in real estate," Auito said. "I want to give people the real facts so they have a clear understanding of how things are done."

Money and finance play a critical role in real estate and this invaluable resource offers insight into the many financing alternatives available. The author describes insider tricks of the trade for first-time buyer strategies, long-term investment planning, negotiation basics, lending guidelines, networking principles and more.

There is even a road map for dealing with setbacks along with the way. Problems, Auito explains, are only temporary.

"Simply proceed and take corrective action based on what caused the failure. Action cures fear!" He emphasizes.

He encourages readers to take the bull by the horns and wrestle with the problem to the point that it can be overcome. Persistence and perseverance are key.

Auito promises that readers will be able to set their real estate goals and achieve them after reading this book. "I even offer a money-back guarantee," he said. "People have absolutely nothing to lose and everything to gain."

*Magic Bullets in Real Estate* is available online at: www.magicbullets.com/home.php & can be purchased in bookstores or by sending $19.95 (plus $4.95 shipping and handling) to BookMasters Inc., 30 Amberwood Parkway, Ashland, OH 44805. Call credit card orders to 1-800-247-6553; fax 419-281-6883.

About The Author

By Dan Auito, mailto:magicbullets@alaska.com, http://www.magicbullets.com/home.php. Dan has been a real estate investor for the past fifteen years & has bought, sold, and rented seventeen properties to date, totaling more than $1.3 million - all on a blue-collar salary before the age of forty.

Among the ambitious garages built in New York after 1900, some are still hard at work. But even preservationists take them for granted.

A five-bedroom Greek Revival farmhouse on 15 hillside acres in Delaware County has sweeping mountain views.

A 1750s farmhouse has a beautifully carved sandstone facade and offers sweeping views of vineyards and the Dordogne River.

In downtown Manhattan, new condo developments offer owners both single-house-style privacy and luxe-building-style amenities.

The Yankee shortstop is selling an apartment on the 88th floor of Trump World Tower.

A former creative director of Bruno Magli bought a model apartment for $2.325 million.

The guitarist for the band Korn has listed his apartment for $1.295 million.

Until the financial crisis, foreigners had been a significant force in the real estate market, an area broker said.

A 1907 brownstone in Washington; a 1914 English Tudor in Kansas City, Mo.; and a 1925 bungalow in Sarasota, Fla.

The difference between viewing housing as a luxury good or as a staple is the subject of a debate about the recovery.

The property market in Stockholm has been insulated from the worst of the housing crisis by low interest rates and by a shortage of apartments in the city.

Laka Nona medical city will include a medical school, hospitals, research centers and space for biotech start-up companies.

Soho House is undergoing a $100 million expansion, including a new exclusive club in Miami Beach.

Real estate listings noting a need for TLC acknowledge problems with a property. Just what those are is not always clear.

Some economists and analysts urge a dose of shock therapy that would shift benefits to future homeowners from current ones: Let the housing market crash.

Where others saw a ruin, the buyer of a house in Millburn — a former contractor — perceived buried charm.

Two longtime loftmates appeared to be going their separate ways, but the hunt for new apartments landed them in the same building in Williamsburg.

In the weak economy, more buyers are being asked to shoulder the so-called flip tax.

West End Avenue and vicinity was once a stronghold of town houses. Three of the now-rare breed bear distinctive traces of the attentions of recent owners.

At River Pointe, a community in Manchester, N.J., solar technology that earns energy credits is a standard feature in each house.

Questions for a principal of the law firm Proskauer Rose and a co-chairman of the firm’s real estate division.

The wealthy and celebrities often buy property under limited liability companies, often with whimsical names.

Once a grand mansion steps from Central Park, it had fallen into disrepair. Now it is for sale for $8.95 million.

One in eight homeowners had household debt exceeding half the monthly income in 2008, a recent report says.

A parking space that comes with the lease; a condo building with no emergency reserve fund; a landlord’s liability in a burglary; dealing with fees on security deposits.

An art collector builds a nontraditional house in an Alpine village where life hasn’t changed that much in decades.

On Lake Waramaug, a converted boathouse has a stone foundation, a wraparound deck and direct access to the water.

A half-dozen buildings on Second Avenue will house ventilation equipment, disperse smoke and allow for evacuation from subway tunnels in emergencies.

A one-bedroom condo in Philadelphia, a three-bedroom bungalow in Tennessee and a two-bedroom house in Wisconsin.

Developers in Midtown are refurbishing older buildings, using tax credits and public financing, as much as they are building from scratch.