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February 2008 - Gringos In Real Estate is a "do as we say, not as we did" guide that just may save others from making the same foolish and costly investment mistakes. Desiring to fulfill their "American Dream" of financial security, G. Robert Baglio and his wife, Cindy, went from owning no property to purchasing four expensive single-family homes within a little over two years. When the real estate market went bust, it was not long before they found themselves almost two million dollars in debt.
As Baglio points out, "This is not a book by real estate experts who get it right. On the contrary, this book details the deals of a couple of gringos who got a lot of things wrong." Being novices, or "gringos" as they call themselves, the Baglios were in too much of a purchasing hurry, didn't shop around for the best real estate deals, and listened to those who did not have their best interests at heart. Though they read a plethora of available literature, they didn't follow through by taking sound knowledge and putting it into practice. Fortunately for those who come across this modern-day cautionary tale, there are valuable lessons to be learned here, and Baglio presents them in a manner that is humorous, honest, and engagingly clear.
In Gringos In Real Estate we learn about the decicions that were made, and what the Baglios hoped to gain from their actions. We then learn why each was a "gringo mistake" and the subsequent results of their naively born intentions. With each real-life scenario, Baglio shares with us "what they could have done, would have done, and should have done, but didn't" and thankfully follows up with helpful advice for those who may be contemplating a similar leap into real estate waters.
Gringos In Real Estate provides a welcome and sobering look at what can happen when self-deception, greed, impatience, and a lack of knowledge and common sense stand behind the desire to succeed.
(Outskirt Press, Inc)
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