Make Money with Affordable Apartment Buildings and Commercial Properties [Paperback]

Make Money with Affordable Apartment Buildings and Commercial Properties, Second Edition, shows you how to build wealth with affordable multi-unit residential and commercial buildings. Low-priced income properties can yield higher returns than single-family homes?especially if you manage them yourself. This book shows you how to find, assess, buy, and manage apartment buildings, retail offices, self-storage, and other overlooked investment alternatives. In today?s tough housing market, these properties offer great returns.

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 Propertylã7