How to Invest in Condominiums: The Low-Risk Option for Long-Term Cash Flow
Books / Paperback
Books › Business & Economics › Real Estate › General
ISBN: 0471151505 / Publisher: Wiley, November 2001
Virsnieks offers this guide to supplementing one's income by buying and renting out new or mint-condition condominiums. Written for individuals with little or no experience in investing in real estate, the text covers such topics as the principles for selecting the right condominiums, the advantages of condominiums as income-producing real estate compared to houses or apartments, why these investments succeed, and the use of professional property management companies to save time and money. The author formerly worked as an accountant for Boeing and as a cost analyst for the Department of Defense, and has been a landlord for the past 20 years. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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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.
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