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Informationen zum Autor GARY W. ELDRED, PHD, has invested successfully in real estate for more than twenty-five years and has served on the graduate business school faculty at Stanford University and the University of Virginia. One of America's top-selling real estate authors, Eldred's other books include Investing in Real Estate, Fifth Edition, Trump University Real Estate 101, and Make Money with Flippers, Fixers, and Renovations, Second Edition , all from Wiley. Klappentext REAL ESTATE Make money with affordable apartment buildings and commercial properties 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, Eldred shows you the ropes so you don't have to learn important lessons the hard way. If you've been investing in single-family homes but want a new way to make even more money, maybe it's time to make the jump to apartment buildings and commercial properties. Make Money with Affordable Apartment Buildings and Commercial Properties, Second Edition shows you how to set the right strategy and start investing in bigger properties--from apartment complexes to strip malls and office parks. Fully revised to cover the basics of this hot investment sector, this step-by-step guide reveals everything you need to know to expand your investment empire, including: Crafting a market strategy that suits you Finding commercial or multifamily properties with big potential Evaluating the local economy for long-term opportunity Identifying and beating your competition Choosing a target market Collecting rents and managing properties for increased income Building equity quickly and simply Using creative strategies for generating more income And much more Zusammenfassung Make Money with Affordable Apartment Buildings and Commercial Properties shows readers how they can build wealth faster with affordable multi-unit residential and commercial buildings. Investors discover why lower-priced income properties can yield higher returns than single-family houses - especially in today's high-priced housing markets. Inhaltsverzeichnis Acknowledgments xiii Introduction: How to Start 1 Develop Your Analytical Abilities 1 Develop an Entrepreneurial Spirit 2 Uncommon, Yet Essential 2 Entrepreneurs Create Value for Themselves and Their Customers (a.k.a. Tenants) 3 Market Savvy: Systematic Strategic Thinking 5 1. Profit with Commercial and Multifamily Properties 7 Advantages of Commercial and Multifamily Properties 7 Cost of Acquisition 8 Cash Flows Relative to Price 9 Search Time 13 Management 14 Trade Up Tax Free 15 Owner Will Carry Financing (OWC) 17 Possibilities to Create Value 18 Summing Up 20 2. Craft Your Market Strategy 22 It All Depends 23 A Strategy of Your Own 23 PVP: The One Constant Rule 23 The DUST Strategic Framework: Questions to Answer 24 Entrepreneur Objectives: Know Thyself 26 Talents, Inclinations, and Resources 26 Assess Your Finances 28 Frame Your Due Diligence 30 Identify and Fully Describe the Physical Property 31 Understand Your Bundle of Rights and Restrictions 36 Where Should You Invest? 48 Time Period 49 3. Where's the Local Economy Headed? 50 Economic Base Matters Greatly 51 Alamo, California (San Francisco Bay Area) versus Terre Haute, Indiana 52 Authors Neglect Economic Base 52 Benefit from the Lessons Learned 53 Where to Get Data 55 Will the Population Grow? 55 Enclaves of Existing and Potential Growth 55 Find Out the Actual Numbers 56 Beware of False Negativ...
