Terrible Advice
There is only one wise way to buy a home: afford it. We're talking 20% down (forget this 80/20 nonsense), with a fifteen-year (maaaaybe thirty-year) fixed-rate mortgage. Anyone who tells you anything otherwise is leading you to financial turbulence--or is trying to sell you something (as in a subprime mortgage, or a crummy book).
Great Book!! For first-time home buyers!!!
Robert Irwin really gives the beginner home investor a great perspective in purchasing real estate. Very clear, easy to understand book. I really like how Irwin breaks down the method of the whole purchase of a house (there is alot more to buying a house than people think) and in this book he gives you a very clear understanding of how that is done. I encourage the beginner who wants to gain some knowledge in real estate to read this book, you will NOt under any circumstance feel as if you are wasting your time reading this at all. I gurantee you will be satisfied, and morover you will defintely learn numerous things from Irwins writings. So start learning real estate and how things work as well as "Do's and Don'ts" when buying your dream home.
Impractical advice
I found this book to lack usefulness, more of a "cheerleader" for "Yay you CAN buy a house" rather than a useful tool to help you do so.
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