The first third of “The Automatic Millionaire Homeowner,” I was annoyed with David Bach. He talks about “getting rich” so many times that it started to feel like a scammy infomercial. In addition, Bach encourages his readers that a chapter will take less than 20 minutes to read and that the whole book only takes a few hours to read; however, despite all his talking and cajoling, I wasn’t reading any substance or value in Bach’s words.

If you can make it though this first third, the majority of the book is solid with actionable insights and many “I have to write this down moments.” From down payment sources and all things mortgage (finding a mortgage broker, negotiating a mortgage, automating mortgage payments) to finding a realtor and becoming a landlord yourself, there are insights and strategies for most people.

Since the book was published in 2006, some of the advice is outdated, including web addresses of sub-prime lenders that have since gone out of business!

The “get rich” mantra and focus on wealth can turn some readers away—I was rather turned off at the beginning. Moreover, the final chapter on how to help others through charities and organizations like Habitat for Humanity felt tacked on at the end to ward off critics of his “get rich” mentality.

Still, Bach’s book taught me more than a few things about home buying and I’d recommend it to those who can look past the millionaire mentality.

This book is great for beginners that just want to learn what options are out there. This book provides a detailed description of loan options in easy to understand terms. This book is perfect for everyone to read before embarking on any home ownership transactions.

This book changed my life- Followed his direction, 3 months later I was sitting on money. =)Washed away all my debt., started from scratch and Saved. I'm on my second property. Looking for another....in the future.

Well I think I can confidently say that this is the simplest book on real estate that I have read. Overall this is not a book I would shout out: Read this! But I would say that this is a good book for someone who hasn't purchased a house yet and has no idea where to start. If you fit that category and you want an easy read to give you some information, then by all means, read this book.

Great basic concept which will always work well, buy house, pay down mortgage aggressively then move out and leave first one as rental. But written at top of the housing bubble in 2005 so even with his warnings, book sets very overly optimistic expectations.

(Too be fair, this was not the book I was trying to read. As an assignment for an upcoming business class I was assigned his other book - The Automatic Millionaire. Unfortunately when I ordered the book online I didn't pay enough attention and purchased the Homeowner edition instead. But I tried to be fair in my assessment of the book.)

I think that the heart of the advice this book offers is in fact very helpful, although it is only 270 something pages, so it's not very thorough. Unfortunately a lot of the information is now out of date. For instance, it's very unlikely that some of the mortgage programs mentioned in this book are even available anymore.
There are probably better books with more up to date information available on this subject, now. But if you are looking for a good over view than this book should do well for you. He also shares valuable websites where you can find more information on mortgages and loan programs. If this is something you are very interested in pursuing, (And keep in mind, this is NOT a book about real estate flipping. It's about using real estate as a long term investment.), then you may find this book more helpful than I did.

This was clearly written before the 2008 financial crisis and is grossly unsuited for the modern audience as evidenced by everything from the tone concerning subprime mortgages to the attitude that every person is privileged enough to be able to purchase property if they just have the right information.

Yes, I'm reading yet another David Bach Finish Rich book! I've just really been enjoying his quick-read books and simple, easy-to-understand approach to financial planning. I thought this book would be a good refresher course to home-buying as we look to buy our second home in a few months. This one focuses on how to use your house to become a millionaire by basicly explaining how to get the best mortgage and save more on interest, as well as how to invest in second and third homes to create even more wealth. All this info is really great considering he gives info that is useful regardless of what the current housing market is doing. He doesn't suggest flipping homes, but as like other investments, buy properties and hold. And as usual, his style is very motivating and encouraging.

The book is very helpful if you want to learn the basics of the home-buying process. Information is presented sequentially and thoroughly. I thought the information was worth noting so I listed what I thought were the important points as I listened to the audio book. If you're interested in first-time home-buyer information, you could skip disc 1 altogether and skip over a few parts of disc 2 (the audio book consists of four discs).

I borrowed the CD's from a coworker who owns multiple properties and rents them. The book promotes moving from renting a place to owning your own home to then owning other homes to rent out. Put another way, the book promotes investing in real estate as being the best way to begin building wealth.

This book was written in 2005 and it was very interesting to hear the author talk about banks lending to sub-prime borrowers as being advantageous for them - borrowers with poor credit could get loans and buy homes, with the goal of getting out of debt and making a lot of money (hence the titles).

The book was read by Oliver Wyman. I wouldn't recommend listening to his voice for too long, at least if you're a guy.

Great for beginners like myself. I'm Canadian and some aspects may not translate 100% due to differences in American laws. The action oriented ideas pushed me to take the next steps and get out of renting.

Finally, it is still relevant even after the "market crash" if you consider that just like anything else, things happens in cycles. In fact, there was a little nugget of advice on page 229 when he says the best time to jump into a hot market is right after it's cooled. Are we not currently there?

As a current homeowner I found lots of the items the same as what I did. Still not sure about the borrowing money for investment property.

Very basic stuff we all know but may have forgotten or chosen to ignore.