Real Estate Investing Gone Bad: 21 true stories of what NOT to do when investing in real estate and flipping houses Paperback – January 5, 2016

It was high time someone wrote this book.Almost all real estate gurus paint a rosy picture around real estate with words like "automatic income", "passive income", "nest egg" and the outright lie like that investing in real estate gives you total control over your investment.As an investor with some hands on experience with real estate I can now attest to the deceptive nature of most real estate advice for novices.If you are serious about real estate, give yourself an education first and don't fall for the trap that real estate is hands down the best investment category this world has to offer. In the end it all depends on you, the investor, and how much you are willing to study, to learn and to how much stress you are willing to put up with in order to build up the expertise you need. Only with enough expertise real estate will BECOME a great investment for you.Mr. Pustejovsky's book is a great guide for beginners with 21 different examples of RE investing gone bad. In almost all the examples the investor was new to the field or decided to start investing in a type of RE he was not familiar with. I wish I had read this book years earlier, because one of the examples was very similar to my first RE investment.So, after all the rah-rah real estate books and seminars you went to, now give yourself a real education and read this book. For the price I paid for it (1.10 dollar on Kindle), I consider it a steal.Thank you, Phil Pustejovsky!

REAL ESTATE INVESTING GONE BAD by Phil Pustejovsky is an informative but harrowing read! You won't find in this book seductive stories about ordinary people making extraordinary amounts of money in real estate. Instead you find stories about otherwise astute business people falling for scams or ill advised deals. With such humorous titles as "Beware the Naked Man Who Offers You the Shirt Off His Back" these stories are cautionary tales about novice investors not only just losing money, but having hard earned deals snatched from them! Camaraderie turns into cutthroat competition in the world of real estate according to this book! At the end of each cautionary tale, there is a powerful and profitable lesson. No self - respecting real estate guru will recommend this book, but I definitely would!

I preface this review not to undermine paid writers/reviewers but to make it clear that I’m reviewing as an amateur writer who loves to write online and craves practical knowledge. I purchased this kindlebook of Real Estate Investing Gone Bad; 21 True Stories of What Not To Do When Investing In Real Estate and Flipping Houses by Phil Pustejovsky and feel that the book’s author comes from a positive intent to help. The author discusses a real-life example of why a person must be careful when investing in properties long-distance. Pustejovsky also shares a story of what happened when a person sold one of his properties and traded it for what looked like a sure bet because the occupants were in more prestigious/lucrative careers (where one of the tenants was a lawyer), plus more stories. I’m grateful for the apartment that my husband and I currently reside in. However, this kindlebook caught my attention because I intend to purchase a completely paid for home for my husband and I by the year 2030 at the latest. I chose to get this kindlebook to help me further understand how the real estate market works from both a seller’s and buyer’s viewpoint.

A lot of books, headlines, and articles are always talking about how good real estate investing is. This book definitely is not that as its 21 horror stories packed together that left me suspicious of my family members after finishing it. It's a very good book and is generally pure gold in compiling tons of tough life lessons that others have learned into one book. However, I did feel as though this book wanted me to join Freedom Mentor Apprenticeship program and Phil might be subtly manipulating me with fear to join his program. I always wanted to join, but I don't even have a thousand dollar cushion to get started.Overall, great book. I learned and realized that I am going to have to seriously develop some backup funds and some knowledge before I go into real estate investing.

This book is not meant not to discourage you from real estate investing. It was written to let you know that there are also pitfalls and lessons that might be learned the hard way.I enjoyed that this is the first book that rather than luring you by making it sound like everything is “perfect” in the real estate investing, it brings real life examples of experienced and non experienced real estate investors in different situations that went completely wrong. But not only that, Phil also went on to close each chapter with advice for each situation which are definitely worthy of highlighting for future reference.The only thing I did not like is that I do believe Phil pushes his apprentice program throughout the book (which I completely understand because that is his business after all). Other than that this is one book I am definitely not deleting from my ebook reader.

Most Real Estate Investment Books only tell you about the good part of investing in Real Estate. This book has some great lessons, that can save not only novice investors, but experience d ones as well. Must read if you are thinking about real estate investing.

I would say the stories are well told and the flow is nice. I would recommend this book to a new-by. And to learn what not to do and what to aware of.

I would highly recommend this book for any aspiring investor who would like to be more realistic in their expectations. It is rare that there is a book that tells what not to do while making investments but it is extremely valuable to see real stories of other peoples painful lessons. I would implore any investor or business person to pick up this book and take in the wisdom within its pages.