How to Buy and Sell Apartment Buildings
Publisher: Wiley
Number Of Pages: 240
Publication Date: 2004-06-03
Sales Rank: 33902
ISBN / ASIN: 0471653438
EAN: 9780471653431
Binding: Paperback
Manufacturer: Wiley
Studio: Wiley
Average Rating: 3
Follow a proven path to greater wealth–with the newly updated bestseller How to Buy and Sell Apartment Buildings
Through his popular seminar program, Eugene Vollucci has shown thousands of experienced real estate investors and novices alike how to take advantage of one of the most rewarding investments you can find–apartment buildings. In this bestselling guide, the Volluccis’ simple, step-by-step program shows you how to become a real estate millionaire just like they did. With material on new IRS rulings, tips on avoiding common pitfalls, and new advice on assuming loans with delinquent clauses, How to Buy and Sell Apartment Buildings is more comprehensive and complete than ever.
This Second Edition includes all the information that you need to find great real estate deals, understand complicated leases and contracts, exploit all the tax breaks you’re entitled to, protect your assets, and turn a small investment into millions! With the Volluccis’ straightforward, three-step system, you’ll be able to:
Gauge markets so you know when to buy or sell
Read between the lines of property set-up sheets to spot good properties
Use the latest computer software to accurately evaluate properties
Develop a marketing plan to maximize profits when selling
Take advantage of all the recent tax law changes
Put together an asset protection plan that’ll make you judgment-proof
How to Buy and Sell Apartment Buildings, Second Edition also shows you how to concentrate your assets for higher returns, use consultants so you aren’t left on your own, set up a family living partnership to protect your assets, and much more.
Review:
Uri Gofman reviews How to Buy and Sel...
An informative and practical guide to building an ever increasing portfolio of apartment buildings. Good information difficult to find elsewhere.
Review:
Good book some misleading information
Good book. Learnt a lot on how to valuated apartment buildings. He completely side stepped the foreclosure market and some of his advice is misleading. All in all a good book.
Review:
A Realistic Approach to Investing in Rental Property
The 2nd edition builds on the first book written by Mr. Vollucci. It is simply one of the best real estate investment books I've ever read. It has been an invaluable resource for me and many of my friends who have bought and sold rental properties all over the country. His examples come from real experience, not the imaginary scenarios that so many other real estate "Gurus" talk about.
The examples in the book gave me a step-by-step approach for investing in apartment buildings in every state, but they taught me a lot more. His chapter called "An Investment Plan to Create Wealth" shows the chronological investment periods in our lives and he shows you what you should be investing in depending on your age and risk tolerance - he even has a simple test that allows you to determine your risk tolerance. He also talks about why buying foreclosures and "no money down" strategies are a big farce. The book also covers how to buy in the right place at the right time, how to locate good property in any market, how to structure your transaction for maximum tax benefits, how to effectively analyze property and much more. My favorite chapter was on "Effective Negotiating Techniques." His advice on body language and what to say or not say when negotiating are "real world" techniques that have helped me tremendously as an active investor. His advice and methods have made me and several of my friends real estate millionaire's - it is my real estate "Bible."
Review:
Great Book!!
I don't know what the other reviewers are talking about! This book was great. It covered material that other books just forget to add, such as, analyzing properties, understanding the market cycles, when to to buy, when to sell.
Be real people, how much information can you get out a $25 book. If anyone is truely serious about this, they'll seek out different sources of information. Ultimately though, you need a good strategy to make it as a RE investor. David Lindahl's "Apartment House Riches" is an excellent source of material. Both he and this author have similar strategies.
One thing that did bother me though was all the IRR talk. I look at Cash Flow, Cap Rate, ROI, and ATCF among others. The author didn't put too much emphasis on these. But hey, maybe IRR is all you need.
Review:
EXCEPTIONAL ..... A GREAT BOOK
THE SECOND EDITION OF THIS BOOK IS EVEN BETTER THAN THE FIRST. I GIVE BOTH BOOKS AN EXCELLENT REVIEW. THE AUTHOR USES HIS VAST EXPERIENCE IN BUYING AND SELLING APARTMENT BUILDINGS TO GIVE THE READER A REALISTIC APPROACH TO INVESTING IN APARTMENT BUILDINGS.
HIS "THREE MOVES TO A MILLION" EXAMPLE IN THE BOOK IS BASED ON REAL FIGURES. HE POINTS OUT THAT YOU SHOULD INVEST IN AREAS THAT ARE ANTICIPATED TO APPRECIATE. HE CALLS THEM "POCKETS OF OPPORTUNITY". THEY CAN BE ANYWHERE IN THE WORLD. LOCATION, LOCATION, LOCATION, DOES NOT MEAN LOCAL. HE WANTS INVESTORS TO GO TO AREAS THAT ARE ANTICIPATED TO APPRECIATE.
HE POINTS OUT THAT YOU SHOULD NOT BE "HUNG UP" ON CASH FLOW. THE REAL MONEY IS MADE IN APPRECIATION AND THAT SEVEN OUT OF TEN MILLIONAIRES MADE THEIR MONEY IN REAL ESTATE THROUGH APPRECIATION.
HE TALKS ABOUT WHEN YOU SHOULD INVEST AND AT WHAT AGE YOU SHOULD BE TAKING RISKS. IT IS AN EXCELLENT GUIDE LINE FOR MAKING THE RIGHT DECESIONS ON WHAT TYPES OF INVESTMENT YOU SHOULD BE MAKING.
IN HIS SEMINARS HE GIVES MORE DETAILS ON EACH SUBJEST IN HIS BOOK. BUT IF YOU READ HIS BOOK YOU WILL GET A CLEAR UNDERSTANDING OF HOW TO INVEST IN APARTMENT BUILDINGS.
I CANNOT WAIT UNTIL HE WRITES A THIRD EDITION TO HIS BOOK. HE HAS OPENED MY EYES TO THE REAL WORLD OF INVESTING. CURRENTLY, THERE ARE NO OTHER BOOKS ON THE MARKET THAT EVEN COMES CLOSE TO GIVING YOU THE INFORMATION YOU NEED TO BECOME A SUCCESFUL INVESTOR.
STEVE TODD
EDITOR APARTMENT CYCLES
http://mihd.net/hxyjgz
http://rapidshare.com/files/48066331/how_to_buy__sell_apartment_buildings_2nd_ed.zip
