Make Money with Condominiums and Townhouses (eBook)

Gary W. Eldred (Autor)

eBook Download: PDF

2004 | 1. Auflage
312 Seiten
John Wiley & Sons (Verlag)
978-0-471-48117-1 (ISBN)

Infos

In the Make Money series, renowned real estate investor and
bestselling author Gary W. Eldred shows you how to profit from the
safest, most reliable wealth builder in the world-real estate. With
coverage of all the fundamentals-from finding the right properties
to financing and managing them-Eldred shows you the ropes so you
don't have to learn important lessons the hard way. Unlike general
guides to investing in real estate, each title in the Make Money
series gives you the specialized expertise necessary to fully
profit from a select investment strategy.

Make Money with Condominiums and Townhouses shows homebuyers and
investors how to travel the road to real estate wealth-often with
little or nothing down. As an affordable investment vehicle,
condominiums and townhouses offer numerous advantages over other
types of rental property-they require relatively little day-to-day
management, they tend to attract more desirable tenants than other
rental properties, and they offer low risk and high returns. Full
of time-tested techniques and proven money-making strategies, Make
Money with Condominiums and Townhouses will show you how to:

* Relax while you put your money to work

* Find properties with high rates of appreciation

* Evaluate homeowner association finances

* Choose profitable locations

* Understand the changing demographics that may affect your
investment

* Finance your properties with little or no money down

* Achieve positive cash flow quickly

* Build up equity

* Understand by-laws, disclosure statements, and management
contracts

Autor

GARY W. ELDRED, PHD, has been involved in more than a hundred real estate projects as a buyer, seller, or investment consultant. Dr. Eldred has also taught numerous graduate courses in real estate at America's top universities, including Stanford, the University of Virginia, and the University of Illinois. He is also the author of Make Money with Small Income Properties and Make Money with Fixer-Uppers and Renovations, and coauthor of the bestseller Investing in Real Estate, Fourth Edition, all published by Wiley.

Rezensionen

"...But if you know nothing about finding, buying and selling
property or little about finance...author Gary Eldred is your guy."
(Miami Herald, October 8, 2003)

Gary W. Eldred, in his Make Money With Condominiums and
Townhouses, differs from those get-rich-quick types who imply
that all it takes to be a landlord-tycoon is creative financing and
chutzpah.

Real estate can be rewarding, but you have to do your homework.
Lots of it. This is where Eldred - a Realtor who has taught at
Stanford University and the University of Illinois and co-wrote the
thorough Investing in Real Estate with Andrew McLean - comes
in.

How do you choose the right condo or town house? The due diligence
you have to exercise is considerable. When you are negotiating to
buy a unit, the seller has to show you legal and financial
documents about the homeowner's association. Read them closely. A
homeowner's association that is in financial trouble is more likely
to levy special assessments on homeowners to cover deficits or pay
for maintenance or repairs.

Other questions: Does the association carry enough insurance? Is it
suing or being sued? (Guess who'll pay the legal bills.) Know that
sellers and Realtors must disclose any serious defects of a
property that they are aware of.

Does a condo development have too many renters? That could harm
property values. How do you evaluate unit location, density, size
(measurement errors happen frequently), livability, security,
parking, amenities and so forth? If your eyes glaze over at all the
detail Eldred provides, you may not be cut out to be a real estate
investor.

Why invest in condos and town houses? Because in many areas,
single-family homes have become too expensive relative to the
rental income they can bring.

Eldred gives a good overview of what you need to know before you
plunge into the exciting (but perilous) world. Read Make Money
With Condominiums in conjunction with his earlier book,
Investing in Real Estate, for more insight into how to find
bargains and obtain financing from less-known channels. (USA
TODAY, October 20, 2003)

Produkt-Details

• Erscheint lt. Verlag: 28.4.2004
• Reihe/Serie: Make Money in Real Estate
• Reihe/Serie: Make Money in Real Estate
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Immobilienwirtschaft
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Schlagworte: Business & Management • Immobilien u. Grundbesitz • Property & Real Estate • Wirtschaft u. Management
• ISBN-10: 0-471-48117-3 / 0471481173
• ISBN-13: 978-0-471-48117-1 / 9780471481171