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Review of Buy & Rent Foreclosures by Joseph Neilson ~ This book, Buy & Rent Foreclosures: 3 Million Net Worth, 22,000 Net Per Month, In 7 Years…You can too! written by Joseph Neilson is the culmination of first-hand experience. His story is told in the title of the book, however, it goes far behind that.

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Sorry, But Rentals Won't Build Massive Wealth—THIS Will / Blog ~ After ten years, you will most likely have (assume a $100-$120K house purchase) a portfolio worth between $1.2 to $1.3 million (assumption is 65% leverage) and monthly gross cash flow will be approximately $11,000 ($1100 x 10). IF you do the above and are worth $1.5-$1.7 million you will in the Top 10% of US Households in terms of net worth.

Own vs Rent: How Much Home Can You Purchase For $2,500 a ~ When you own, you will have paid down the principal on the loan by $84,950 over the next 10 years, whereas with renting, you will pay $343,000 in rent over the next 10 years. Compare Net Worth in 10 years . In this section of the report, it shows the net worth after just 10 years of owning a home.

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