Increase Your Income and Wealth Buying Apartment Buildings
Book
In addition to Increase Your Income and Wealth Buying Apartment Buildings Book, we list ALL the top
online business opportunities. We provide information on all the best
business opportunities, popular Book titles and related products for people want
to make money online or offline. Use the search box at the bottom of the page to search for
additional Book products related to Increase Your Income and Wealth Buying Apartment Buildings.
Increase Your Income and Wealth Buying Apartment Buildings Book
Listing
| Customer Reviews |
Average Rating:
Rating:  - Cost Saver
This is the BEST real estate book I've read - and I've brought almost every real estate book available on amazon[.com] or it's in my wish list. He states he is targeting African Americans. I am as white as they come - and this book is NOT just for African Americans - it's for everyone.
I am a novice. Most of the time the real estate "gurus" are so busy trying to motivate you to buy - or explain "creative financing" that they leave out the basics - what to actually do. How to take the FIRST STEP.
This book gives what questions to ask - gives examples and pictures (which helps since in my research I've been amazed at how reasonably priced investment homes are - and the pictures helped me to understand that yes it is that easy)
I cannot praise this book enough - and am buying 2 more copies today because I don't want to part with mine - I want it with me when I call on properties.
Rating:  - Average...lacks detail; best read by real estate "newbies"
As a seasoned apartment-building investor and broker, I would recommend this book only to someone who is new to real estate investing. At 119 pages of text, there is simply not much detail here for those who already own some investment property. I can't say I got one new idea from the book, and that's unusual. Yes, I do agree that 2+ -unit multi-family properties are your best investment, outperforming the stock market by a factor of 3x and with low risk. However, I do not agree with the author's premise that your best bet is to pay off all the mortgages on your properties within 10 years and then live off the cash flow. This is NOT a strategy most knowledgeable investors would follow. Why? Because the money you are using to make additional principal payments on your existing properties could instead be used to buy more buildings, or improve the ones you own, resulting in significantly higher after-tax gains in the long term. In reality, for the highest returns, your best bet is to leverage yourself to the max: Never put down more than 15% on a property, and try to put down the least amount you can and still get the property to "cash flow." (Just make sure you keep a cash reserve in the bank equal to at least 3 months of expenses.) If you do have excess cash flow, spend it on those building improvements that will allow you to directly raise rents as a result. After 5 years, either re-finance the property to pull your equity out and invest that in a new property (and repeat every 5 years), or "flip" this property into a larger property and do this repeatedly every 5 years. Recommended reading instead of this book:
1.) "The Unofficial Guide to Real Estate Investing" by Martin Stone and Spencer Strauss. (Practically REQUIRED for new or novice investors.)
2.) "How to Buy and Sell Apartment Buildings" by Eugene E. Vollucci. (Better for more seasoned investors than this book.)
3.) "The Income Stream" by Robert M. Goodman. (Shows how to calculate the real rate of return on investment properties....
|
 |
|
|
Find Your Favorite
Business Opportunities Book Online
Use the search box below to
search for Increase Your Income and Wealth Buying Apartment Buildings, Book and other products. Visit the
Web sites listed above to find
Increase Your Income and Wealth Buying Apartment Buildings, Book and other related business opportunities.
Book Store
Business Opportunities
Use the links below to find top business
opportunities related to the Increase Your Income and Wealth Buying Apartment Buildings Book. We list all
the top Internet business opportunities and Book related
publications like Increase Your Income and Wealth Buying Apartment Buildings to help you succeed online.
Earn a Residual Income for
Life - Choose a Business Opportunity
Apply for Financial
Services & More Online - Credit Cards, Debt & Mortgages
Apply 4 Anything Online - Visit our Home
Page ( Apply Online -
Credit Cards, Debt Consolidation & Mortgages ) to apply for other business
opportunities, online education programs and top online financial
and Internet services including credit cards, debt consolidation
loans, home mortgages, life insurance, merchant accounts and Web
hosting.
|
