Cover image for How to invest in condominiums : the low-risk option for long-term cash flow
Title:
How to invest in condominiums : the low-risk option for long-term cash flow
Author:
Virsnieks, Andris, 1943-
Personal Author:
Publication Information:
New York : J. Wiley & Sons, [2002]

©2002
Physical Description:
xix, 204 pages ; 23 cm
Language:
English
Electronic Access:
Table of contents http://www.loc.gov/catdir/toc/onix07/2001026750.html
ISBN:
9780471151500
Format :
Book

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Summary

Summary

A simple proven method for improving cash flow so you can live rent-free and retire early

How to Invest in Condominiums provides a simple, low-risk blueprint for building cash flow by buying and renting out condominiums. You can provide for your retirement or improve your monthly income by investing in income-producing real estate at a very low risk to the capital you invest. Unlike stocks and bonds, real estate is immune to inflation and a fluctuating stock market and also provides some shelter from taxes-and the return on investment typically exceeds that of the average Wall Street investor!

The author includes a plan for getting started and a detailed record of his investments that shows how he grew a considerable cash flow-with only a small commitment of time and effort. This straightforward, realistic guide will help you:
∗ Use this method to establish long-term cash flow
∗ Avoid owning a money-losing rental unit
∗ Use professional property management to save time and money
∗ Avoid "fixer-uppers" v Keep your long-run effort minimal
∗ Live rent-free and retire early!


How to Invest in Condominiums is a reliable and realistic way to supplement your income. There are no gimmicks and no strings attached and this is not a get-rich-quick scheme. It′s a long-term plan that will help you meet-and surpass-your long-term goals.


Author Notes

ANDRIS VIRSNIEKS is a former accountant for Boeing and a former cost analyst for the Department of Defense. His method for buying and holding condominiums, as described in this book, allowed him to retire at an early age.


Table of Contents

Prefacep. xi
Introductionp. xv
Chapter 1 Not a Bear or a Bull, but Always a Cash Cowp. 1
Chapter 2 Seven Easy Condominiumsp. 11
Chapter 3 Principles for Selecting the Right Condominiumsp. 33
Chapter 4 Why Condominium Investments Succeedp. 65
Chapter 5 Why Condominiums and Not Apartments or Houses?p. 79
Chapter 6 Condominiums versus Stocks and Bondsp. 103
Chapter 7 What Next and How Far Can You Go?p. 137
Chapter 8 An Act of Faith Is Still Requiredp. 151
Epiloguep. 157
Appendix A Negative Cash Flow but Still Making Moneyp. 159
Appendix B Positive Cash Flow--Rent 10% Higher Than in Appendix Ap. 161
Appendix C No Leverage--Same As Appendix A Except No Mortgage Paymentp. 163
Appendix D Worst-Case Scenario without Leverage--Same as Appendix C Except No Rentp. 165
Appendix E Fifty Percent Increase in Rent--with Leveragep. 167
Appendix F Fifty Percent Increase in Rent--Same as Appendix E but without Leveragep. 169
Appendix G Worst-Case Scenario with Leverage--Same as Appendix A Except No Rentp. 171
Appendix H King County Home Sales, Seattle Post-Intelligencer, February 28, 1997p. 173
Appendix I Rate of Return on Investment from Rent (Net Income) and Price Appreciationp. 175
Appendix J Rate of Return Calculation for Condominium Number 2p. 177
Appendix K Rate of Return Calculation for Condominium Number 5p. 179
Appendix L More Recent News about Condominiums and Real Estatep. 181
Glossaryp. 187
Endnotesp. 193
Indexp. 199