Category Books

How to Invest in Condominiums: The Low-Risk Option for Long-Term Cash Flow »

Authors: Andris Virsnieks
ISBN-13: 9780471151500, ISBN-10: 0471151505
Format: Paperback
Publisher: Wiley, John & Sons, Incorporated
Date Published: November 2001
Edition: (Non-applicable)

Author Biography: Andris Virsnieks

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.

Book Synopsis

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.

	Preface
	Introduction
Ch. 1	Not a Bear or a Bull, but Always a Cash Cow	1
Ch. 2	Seven Easy Condominiums	11
Ch. 3	Principles for Selecting the Right Condominiums	33
Ch. 4	Why Condominium Investments Succeed	65
Ch. 5	Why Condominiums and Not Apartments or Houses?	79
Ch. 6	Condominiums versus Stocks and Bonds	103
Ch. 7	What Next and How Far Can You Go?	137
Ch. 8	An Act of Faith Is Still Required	151
	Epilogue	157
App. A	Negative Cash Flow but Still Making Money	159
App. B	Positive Cash Flow - Rent 10% Higher Than in Appendix A	161
App. C	No Leverage - Same As Appendix A Except No Mortgage Payment	163
App. D	Worst-Case Scenario without Leverage - Same as Appendix C Except No Rent	165
App. E	Fifty Percent Increase in Rent - with Leverage	167
App. F	Fifty Percent Increase in Rent - Same as Appendix E but without Leverage	169
App. G	Worst-Case Scenario with Leverage - Same as Appendix A Except No Rent	171
App. H	King County Home Sales, Seattle Post-Intelligencer, February 28, 1997	173
App. I	Rate of Return on Investment from Rent (Net Income) and Price Appreciation	175
App. J	Rate of Return Calculation for Condominium Number 2	177
App. K	Rate of Return Calculation for Condominium Number 5	179
App. L	More Recent News about Condominiums and Real Estate	181
	Glossary	187
	Endnotes	193
	Index	199