Pg 50 - "Your aim is not to secure as much of the loan as possible against the property being bought, but to borrow as much of the purchase price as possible." Pg 30 - "The average payout on a lottery ticket is typically less than 30 cents on the dollar." In other words it is stupendously easy to beat the national average." Thus, the city with the highest growth in any nation in a particular year is very likely to be at or near the top again the following year. Pg 20 - "Trends are slower, less volatile, and with fewer deviations from the average. Pg 19 - "Calculated this way, even if the stock market goes up by 15 percent, and real estate goes up by only 5 percent, then any property investors with a modest mortgage of 70 percent would still have done better than their property-averse counterparts." Pg 15 - Real estate offers tremendous leverage because: "you can often buy properties at prices significantly below their true value, you can do things to them to further increase their value way beyond the cost of the improvement, and you do not need to sell to reap huge benefits from the increase in value." After paying off the original $900,000 mortgage, you would still have $1.8 million left over of surplus new cash in your hands." At the 90 percent loan-value ratio, you would get $2.7 million in your hands. You get a new appraisal (this time for $3 million) and go back to the bank and ask for a new mortgage. Pg 14 - "The answer is to simply refinance. Pg 11 - "Why would anyone be willing to pay $80,000 for a painted house, but not $60,000 for one in dire need of a $400 paint job? The answer lies in the way we have been conditioned to expect instant results." Do not believe it, and you can join the masses who can say with complete honesty and accuracy that 'that sort of thing never happens to me!'" Pg 10 - "Each reason why people sell a property at well below its market value is unique, but they are there nonetheless. This is often the case with foreclosure situations, where the bank is mainly interested in getting its mortgage back, but also occurs when people are asked to look after someone else's affairs." Pg 10 - "Very commonly a property may be sold by people who have no vested interest in getting the true market value for it. Pg 5 - What other investment strategy can you so readily get other people to finance your investments, where they are willing to let you use their money to invest it? It is possible to buy properties where the returns are 20 or 30 or 50 or 100 percent more per annum. It is possible to buy properties using mostly of entirely other people's money. Pg 3 - Contrary to expectations: "it is possible to find a bargain property, or even many of them in a row. And second, I want to give you an insider's view of my approach, my attitudes, my techniques, and my secrets." Instead: "First, I want to share why I think property is so astoundingly simple and lucrative. Pg xix - Aim of book: Does not aim to provide mechanics of investing. Pg xvii - Things the rich have in common: "First, almost without exception, the rich had integrity. Pg xv - The author has never had a job. You will be amazed at what you will find." (152) If you are just beginning and not yet a believer, then the only way out of this impasse is to start looking, and keep looking. "Of course, the more good deals you see, the more you will believe they exist. The Deal of the Decade comes along about once a week. You will be amazed at what you will find." (152) Highlights: - Pg xv - The author has never had a job. Main Thing I Want to Remember: The Deal of the Decade comes along about once a week.