• The Automatic Millionaire Homeowner

  • A Powerful Plan to Finish Rich in Real Estate
  • By: David Bach
  • Narrated by: Gavin Hammon
  • Length: 5 hrs and 42 mins
  • 4.1 out of 5 stars (236 ratings)

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The Automatic Millionaire Homeowner

By: David Bach
Narrated by: Gavin Hammon
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Publisher's Summary

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. Listen to a few chapters. 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 number one New York Times best seller 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 $3 million. 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. 

©2006 David Bach (P)2006 Books on Tape

Critic Reviews

"Anyone toying with the notion of investing in real estate will find [this] immensely practical." (Publishers Weekly)
"The bottom line is action, and Bach's chatty writing style helps motivate you to that end." (BusinessWeek)

What listeners say about The Automatic Millionaire Homeowner

Average Customer Ratings
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  • Overall
    5 out of 5 stars

Great Book with Realistic Approach!

This is a great book outlining a no-nonsense approach to real estate investing. Very practical with no hype, just common sense. Very thorough on every step of the home buying/investing process. Highly recommended!

15 people found this helpful

  • Overall
    2 out of 5 stars

Good only if you are completely new to the concept

While this book wasn't bad, I didn't learn a lot about home buying. The author provide some very grounded advice about how best to invest in real estate for the long run.

If you are renting today and really don't know much about real estate, how it can benefit you, or where to start - then this book is for you! Consider this a 5 star rating.

For the rest of us who generally have a notion of what real estate is, how it can be a useful investment, and fundamentally where to begin - you won't glean a lot of new insight from this book. The information contained within is what I would classify as life advice. It is not a good reference to use as an introduction to the home buying experience, either for individual or investment purposes.

11 people found this helpful

  • Overall
    5 out of 5 stars

Common Sense for the complete idiot

All of David Bach's Books are great. I recommend this for young couples and older as it is a guide to safely investing and not a get rich quick rather a get rich before you retire.

7 people found this helpful

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    1 out of 5 stars

Not relevant

I had to laugh at points in the book where he referenced how easy getting a mortgage can be and how lenders have few requirements to buy a home. Considering the book was written pre housing crisis, a lot has changed! Much of the book was not relevant to current times in the economy.

3 people found this helpful

  • Overall
    1 out of 5 stars

OUTDATED!

This book is terribly outdated. Written in 2005. Author says housing will always go up and how ownership leads to wealth. All the people "underwater" in 2011 would have to disagree!

3 people found this helpful

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AMAZING INSIGHT!!!

I couldn't stop listening to all the valuable information and wished it went longer. Highly recommend you to read this book. Even relatable to today's market (Nov 2018)!

1 person found this helpful

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    3 out of 5 stars
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    3 out of 5 stars

very dated

all good concepts for a new homeowner , but seriously needs a reboot to today is information

1 person found this helpful

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    5 out of 5 stars
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    5 out of 5 stars

Extremely informative

I will read this book until and after I own a home multiple times and promise to share with others. This need for this knowledge is very important!

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Entryway to Wealth building through Home ownership

Just started looking for my first home and I'm so glad I read/(listened to) this before I did. So much good information, no crazy schemes, just hard facts. Good references and resources included.

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Relevant Today

I purchased this book years ago, read it and thought it was excellent information then and the principles still hit home today.

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  • Kim Rogers
  • 07-25-18

warning.

This book is well written and well performed. it would have been really useful in 2003 America. unfortunately it's 2018 and the property market has seen a paradigm shift since this time. to compound this,much of the advice is America specific (tax laws etc). All In all I'll be requesting a refund.

1 person found this helpful