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The Automatic Millionaire Homeowner

A Powerful Plan to Finish Rich in Real Estate

Audiobook
2 of 2 copies available
2 of 2 copies available
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.
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  • Reviews

    • Publisher's Weekly

      May 1, 2006
      This follow-up to Bach's bestseller, The Automatic Millionaire
      , guides listeners step-by-step through the transformation from renter to homeowner to landlord. Bach's typical can-do attitude shines through, whether the book is outlining the pros and cons of various types of mortgages or sharing the story of one couple who used home equity as a gateway to financial independence and comfort in retirement. Unfortunately, the audio abridgment has a few glitches, including a misstep in the fifth chapter, which prematurely congratulates listeners on understanding what their credit report is, before knowing how to make sure it's accurate. This topic is not addressed until the following chapter ("Your Credit Score: The Holy Grail of Mortgage Lending"), so listeners may understandably be confused. Also, although actor Oliver Wyman has a beautiful voice, the slick Casey Kasem–style delivery feels wrong for a book that rightly keeps insisting that it is not a get-rich-quick scheme. Bach's solid and time-tested financial advice deserves better than this infomercialesque treatment, which seems more about style than the commonsense approach that is Bach's personal signature. Simultaneous release with the Little, Brown hardcover (Reviews, Jan. 23).

    • AudioFile Magazine
      With intuitive, energizing writing, Bach speaks to people at all levels of financial sophistication--from shortsighted and na•ve 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. (c) AudioFile 2008, Portland, Maine
    • Library Journal

      March 1, 2007
      Bach (Start Late, Finish Rich ) adds to his successful series of titles on financial management with a work that focuses on making money in real estate. Once again, he provides pragmatic advice on how to accumulate wealth through home ownership in any market. He shows how, with a simple, automatic plan, listeners can, over time, make the dynamic real estate business work for their financial independence. You will learn how to buy a first home, even with lousy credit and tiny savings; how homeowners can turn the roof over their heads into a powerful investment that increases in value while they live in it; and how to buy rental property while paying a home mortgage. Bach succinctly summarizes his key principles, including why you shouldn't wait to buy property, how to use his automatic down payment solution, and his secret system for debt-free home ownership. This book nicely supplements Bach'sThe Automatic Millionaire . The impressive, solid narration by Gavin Hammon helps keep listeners on track through some of the more detailed information. Highly recommended for all public libraries.Dale Farris, Groves, TX

      Copyright 2007 Library Journal, LLC Used with permission.

    • Publisher's Weekly

      Starred review from January 23, 2006
      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.

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