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.
A lot of information has been published for those who wish to buy acondo as a principal residence, but not for investors who want toexpand into the condominium market. Investing in condominiums isnot about being caught up in the mass hysteria of lining up to buya pre-construction unit in a "hot neighbourhood" and hopefullyflipping it at a profit when it's built. On the contrary, investingin condos can be a very good way to generate solid returns whendone according to the proven strategies outlined in the book. Investing in Condominiums will show readers the ins andouts of profitable condo investing by sticking to investingfundamentals, carrying out proper due diligence, and having an exitplan. Pre-construction condominiums, especially in Toronto andVancouver are sought-after by both Canadian and internationalinvestors. The stable economy, low-interest rate environment, andappreciating values are a recipe for investor success. Investingin Condominiums gives Canadian investors the nuts and bolts ofundertaking such an investment based on real-life examples andexpert knowledge. By reading this book, the investor can proceedwith full confidence knowing that they are asking the rightquestions, doing the math, and assembling the right team of expertsthat will help them realize their investment goals.
"Get Rich in Real Estate" offers detailed advice on building wealth through investing in residential and commercial real estate. It's the first book written by Elliot Bogod, Founder and Managing Director of Broadway Realty, a real estate brokerage in Manhattan. One of the leading brokers in NYC, Elliot sold over $2 billion in New York real estate.
Everything You Need to Know Before Buying a Co-op, Condo, or Townhouse delivers just what it promises: a one-stop guide to the challenges of buying, owning, living in, and ultimately selling these homes. It's critical to understand all factors before sealing your deal: the search, negotiations, taxes, HOA/co-op boards, repairs, flip rules, and more---and it's all here.
The most sought out assets that wealthy hold onto are scarce, in-demand rental properties that are positive cash-flow machines. Your real estate empire starts today! It's no surprise that most millionaires in North America are owners of real estate. Property has significant advantages over other investment vehicles such as stocks or actively-managed businesses such as tax benefits, leverage, cash-flow, and so much more. It can be a pain to know where to start and what kind of real estate to begin looking at to get yourself ahead in your financial life. This audio program aims to address the biggest mistakes most beginners make and also the most proven strategies wealthy people have used to create a rental property empire. In this book, you will discover... -The different types of real estate and how to choose one over another -Buying strategies -Analyzing your investments -Day to day operations -Dealing with tenants -Dealing with contractors -And so much more...
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
How To Manage Condo Investments is a beginners guide to owning and managing a condominium unit as an investment property. The book provides examples of how two amateur landlords have self-managed a portfolio of condominiums as a side-hustle, and the lessons they learned through the process. It highlights how real estate is a unique activity that involves having a stranger pay you money for the privilege of paying down your debts. The book covers topics such as: * Selecting the right type of property and why the authors focus on condos. * Handling the operations of being a landlord including maintenance, financial, and administrative set-ups, as well as dealing with insurance and the staffs of different buildings. * Managing and turning over tenants from acquiring new ones, keeping existing good tenants, and ending leases properly. * Financing your investment, protecting it from outside influences, and keeping it up to date inexpensively. * Partnering with a team of experts including real estate agents, real estate attorneys, mortgage brokers, general contractors, and maintenance service people to further maximize your time and ensure proper expertise is applied to situations that require it. Real world examples are provided throughout the book and samples of tenant communications, leases, and guidelines are also included. The book showcases that condo investing can be a lucrative side-hustle that can easily be handled with proper planning and organization.
What if you could invest in something that all people need, rent it to someone for a profit, and later sell that item for more money? In addition, you can finance that investment with someone else paying off most of the debt and deduct any expenses on your U.S. Income Tax return plus get a tax shelter to boot. The investment is in AIR: Ocean air, Golf Course air, Mountain air, City air, Country air... Where can you find this air to invest in? It is located right between the inside walls in buildings-- called condominiums. Condominiums are just like apartments, except they are deeded property. Condos are located everywhere. They can be owned, rented, sold, uniquely located, and provide amenities no average homeowner can afford-- like swimming pools and golf courses. Condominiums fit today's family lifestyles better than single-family homes, yet, they provide the same tax breaks. Apartment living doesn't provide those tax breaks. In addition, owners can make their condos as unique as they want without worrying about landlord restrictions. What's so great about investing in condos for rent, is that everyone needs a place to live, so there is plenty of demand and investors can buy one instead of a whole apartment complex to get started in real estate investing. In many areas, condominiums typically cost less than the price of a single-family home, which also makes it easier to invest. Air For Rent is a step by step guide that provides you with business recommendations, sample computer tools to copy, and documented experiences for you to leverage to help make you successful in investing in condominiums. By reading this book, you will learn how to: Obtain seed money Select and use computer toolsFind the right location and tenantRent out your condominium, and keep it rentedAssemble a team to run your propertiesLeverage years of business experiencesExpand your portfolio This guide covers the basics of what you need to get started to build up your wealth and income through the purchasing of condos and renting them out. This book is not a get rich quick scheme but a proven method that anyone can execute to become wealthy. The techniques described have been successfully implemented by the author and his experiences are well documented for your benefit. It's now up to you to become wealthy!
All over the country, the demand for housing is rapidly outpacing the supply. Rental buildings are filling up and prices are skyrocketing.One result of this situation is a relatively new real estate phenomenon: the condominium. The past few years have seen an unprecedented boom in this unique form of property ownership. The condominium dweller gains equity in his residence, enjoys substantial tax advantages, and has a degree of freedom and flexibility denied him in a rental apartment.How can you get in on this boom? You can, of course, simply buy yourself a condominium unit with the expectation of reselling it later at a higher price. Or you can cash in on the phenomenon in an even bigger way: by becoming a condominium entrepreneur. You?ll find all the information and advice you need to get started in "How to Develop and Manage a Successful Condominium."Why are condominiums so appealing to the entrepreneur and investor? Here?s one reason: an apartment building returns a fixed percentage of the original capital over a period of 20 or more years. The condominium developer, on the other hand, gets his capital back literally as fast as he sells the units!Contrary to what you might assume, a condominium doesn?t have to be a multi-million dollar high-rise. An apartment building with just ten units can be a condominium. So can a group of detached one-family homes. Condominium use can be either residential or commercial --- or a combination of the two. Medical offices, shopping centers, vacation homes --- all these and more are amenable to the condominium concept.Financing can be surprisingly easy. Because of the demand, and the short-term nature of the investment, lenders are more receptive to condominium development than to most other new business ventures.Yet despite the tremendous opportunities in condominiums, there was for a long time no authoritative source of information on the subject. Sure, there are plenty of books on how to buy a condominium unit. But almost nothing for the entrepreneur who wants to break into this exciting and lucrative investment area.To fill that gap, Adam Starchild has written "How to Develop and Manage a Successful Condominium." Step by step, this pathbreaking manual guides you through the entire financial, legal and managerial process. It?s by far the clearest, simplest, most accurate and up-to-date text on the subject ever written.Here?s a preview of what you find in "How to Develop and Manage a Successful Condominium":* Pre-development factors: demographics, location, price, neighborhood, zoning requirements, market testing.* Federal and state legislation: laws and regulations you must know about.* Financing: loans, mortgages, government insurance.* New variations: adjoining condominiums, homeowner associations, low-income projects.* Management and budget: (When the building is completed, you can either manage it yourself or turn management responsibility over to an outside firm.)* The Condominium Entrepreneur?s Bibliography: the most complete directory of condominium reference sources ever compiled.Best of all, each chapter of "How to Develop and Manage a Successful Condominium" is filled with legal forms and documents you can use: master deed, enabling declaration, subscription and purchase agreement, by-laws, management agreement, operating budget.Federal and state laws require you to follow very specific procedures in developing and marketing a condominium. If you?re not aware of all the legal requirements, you may wind up in trouble. Yet the condominium concept is so new that many people are mystified about exactly what they must do.That?s why the forms in this book are so valuable. They?ll leave no doubt in your mind as to the proper legal steps to follow. A good real estate attorney charges $50 to $200 per hour for his time. This book won?t take his place. But it will save your attorney many hours of work --- and thereby save you a ton of money.All the forms meet FHA and other Federal specifications. And they will easily accommodate the requirements of your state and city.These model forms alone --- all together in one handy place --- will prove to be worth many times the low price of the book!"How to Develop and Manage a Successful Condominium" is fully indexed for ease of reference.Are you ready to start cashing in on the condominium phenomenon? Even if you?re just thinking about it, "How to Develop and Manage a Successful Condominium" is a must. It will help you avoid problems, minimize risks and maximize your profits.
