{"product_id":"make-money-with-affordable-apartment-buildings-and-commercial-properties-paperback-softback-9780470183434","title":"Make Money with Affordable Apartment Buildings and Commercial Properties (Paperback \/ softback) 9780470183434","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eMake Money with Affordable Apartment Buildings and Commercial Properties\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cfont size=\"4\"\u003eGary W. Eldred (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780470183434, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 21 April 2008\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e240 pages, Tables: 9 B\u0026amp;W, 0 Color\u003cbr\u003e23.5 x 19.3 x 1.3 cm, 0.417 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003ci\u003eMake Money with Affordable Apartment Buildings and Commercial Properties, Second Edition\u003c\/i\u003e, 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.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003eIntroduction: How to Start 1\u003c\/p\u003e \u003cp\u003eDevelop Your Analytical Abilities 1\u003c\/p\u003e \u003cp\u003eDevelop an Entrepreneurial Spirit 2\u003c\/p\u003e \u003cp\u003eUncommon, Yet Essential 2\u003c\/p\u003e \u003cp\u003eEntrepreneurs Create Value for Themselves and Their Customers (a.k.a. Tenants) 3\u003c\/p\u003e \u003cp\u003eMarket Savvy: Systematic Strategic Thinking 5\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1. Profit with Commercial and Multifamily Properties 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAdvantages of Commercial and Multifamily Properties 7\u003c\/p\u003e \u003cp\u003eCost of Acquisition 8\u003c\/p\u003e \u003cp\u003eCash Flows Relative to Price 9\u003c\/p\u003e \u003cp\u003eSearch Time 13\u003c\/p\u003e \u003cp\u003eManagement 14\u003c\/p\u003e \u003cp\u003eTrade Up Tax Free 15\u003c\/p\u003e \u003cp\u003eOwner Will Carry Financing (OWC) 17\u003c\/p\u003e \u003cp\u003ePossibilities to Create Value 18\u003c\/p\u003e \u003cp\u003eSumming Up 20\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2. Craft Your Market Strategy 22\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIt All Depends 23\u003c\/p\u003e \u003cp\u003eA Strategy of Your Own 23\u003c\/p\u003e \u003cp\u003ePVP: The One Constant Rule 23\u003c\/p\u003e \u003cp\u003eThe DUST Strategic Framework: Questions to Answer 24\u003c\/p\u003e \u003cp\u003eEntrepreneur Objectives: Know Thyself 26\u003c\/p\u003e \u003cp\u003eTalents, Inclinations, and Resources 26\u003c\/p\u003e \u003cp\u003eAssess Your Finances 28\u003c\/p\u003e \u003cp\u003eFrame Your Due Diligence 30\u003c\/p\u003e \u003cp\u003eIdentify and Fully Describe the Physical Property 31\u003c\/p\u003e \u003cp\u003eUnderstand Your Bundle of Rights and Restrictions 36\u003c\/p\u003e \u003cp\u003eWhere Should You Invest? 48\u003c\/p\u003e \u003cp\u003eTime Period 49\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3. Where’s the Local Economy Headed? 50\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEconomic Base Matters Greatly 51\u003c\/p\u003e \u003cp\u003eAlamo, California (San Francisco Bay Area) versus Terre Haute, Indiana 52\u003c\/p\u003e \u003cp\u003eAuthors Neglect Economic Base 52\u003c\/p\u003e \u003cp\u003eBenefit from the Lessons Learned 53\u003c\/p\u003e \u003cp\u003eWhere to Get Data 55\u003c\/p\u003e \u003cp\u003eWill the Population Grow? 55\u003c\/p\u003e \u003cp\u003eEnclaves of Existing and Potential Growth 55\u003c\/p\u003e \u003cp\u003eFind Out the Actual Numbers 56\u003c\/p\u003e \u003cp\u003eBeware of False Negatives 56\u003c\/p\u003e \u003cp\u003eIs the Number of Jobs Increasing? 57\u003c\/p\u003e \u003cp\u003eWhat Was the San Diego Connection? 59\u003c\/p\u003e \u003cp\u003eForecasting Recovery 59\u003c\/p\u003e \u003cp\u003eCost of Running a Business 60\u003c\/p\u003e \u003cp\u003eBusinesses and Employment Migrate to Lower-Cost Cities, States, and Countries 61\u003c\/p\u003e \u003cp\u003eCost of Living for Employees 61\u003c\/p\u003e \u003cp\u003eQuality of Life 62\u003c\/p\u003e \u003cp\u003eQuality of Life Also Attracts Wealth 63\u003c\/p\u003e \u003cp\u003eCommunity Attitudes and Actions 64\u003c\/p\u003e \u003cp\u003eEntrepreneurial Spirit 65\u003c\/p\u003e \u003cp\u003eConcluding Remarks 66\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4. Outperform the Competition 68\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Competitive Battle 69\u003c\/p\u003e \u003cp\u003eFour Good Reasons to Inventory, Inspect, and Critically Review Competitors 69\u003c\/p\u003e \u003cp\u003eWhere to Invest 69\u003c\/p\u003e \u003cp\u003eMarket Information Gives You Negotiating Power and Confidence 71\u003c\/p\u003e \u003cp\u003eSearching for a Preferred Value Proposition (PVP) 72\u003c\/p\u003e \u003cp\u003eConstructing Your Financial Pro Formas 73\u003c\/p\u003e \u003cp\u003eIdentify Your Competitors 74\u003c\/p\u003e \u003cp\u003eQuickly Adapt to Change 74\u003c\/p\u003e \u003cp\u003eWhen Markets Tighten 75\u003c\/p\u003e \u003cp\u003eMore Practical Implications 75\u003c\/p\u003e \u003cp\u003eWhat to Look For: The Location 76\u003c\/p\u003e \u003cp\u003eAesthetics 77\u003c\/p\u003e \u003cp\u003eSchool Districts 77\u003c\/p\u003e \u003cp\u003eProperty Taxes and Services 78\u003c\/p\u003e \u003cp\u003eCrime Rates 79\u003c\/p\u003e \u003cp\u003eAccessibility 79\u003c\/p\u003e \u003cp\u003eTrendiness 79\u003c\/p\u003e \u003cp\u003ePublic Transportation 80\u003c\/p\u003e \u003cp\u003eWho Are the Residents and Recent Homebuyers and Tenants? 80\u003c\/p\u003e \u003cp\u003eSite Features 81\u003c\/p\u003e \u003cp\u003eThe Exterior of the Building 81\u003c\/p\u003e \u003cp\u003ePlay the Tenant 82\u003c\/p\u003e \u003cp\u003eInspect the Interiors of Competing Units 83\u003c\/p\u003e \u003cp\u003eAesthetics: How Does the Unit Look, Feel, and Sound? 83\u003c\/p\u003e \u003cp\u003eLivability: Unit Size, Room Count, and Floor Plan 84\u003c\/p\u003e \u003cp\u003eEnergy Costs 85\u003c\/p\u003e \u003cp\u003eThe Rental Process 86\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5. Choose the Best Target Market 88\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow to Create a PVP 88\u003c\/p\u003e \u003cp\u003eDiversity Rules 89\u003c\/p\u003e \u003cp\u003eDemographic Differences 90\u003c\/p\u003e \u003cp\u003ePsychographic Differences 93\u003c\/p\u003e \u003cp\u003eAvoid Standard Labels; Picture Your Actual Renters 98\u003c\/p\u003e \u003cp\u003eHitting the Bull’s Eye 100\u003c\/p\u003e \u003cp\u003eFind Unique and Intense Needs 100\u003c\/p\u003e \u003cp\u003eBull’s Eye Lease Assessment 101\u003c\/p\u003e \u003cp\u003eThrow Away Standard Operating Procedures 101\u003c\/p\u003e \u003cp\u003eHow Do You Identify the Wow (PVP)\u003c\/p\u003e \u003cp\u003eFeatures for Your Tenants? 102\u003c\/p\u003e \u003cp\u003eInformal Conversations 102\u003c\/p\u003e \u003cp\u003ePay Attention 103\u003c\/p\u003e \u003cp\u003eTalk with Insiders and Experts 103\u003c\/p\u003e \u003cp\u003eUse Questionnaires 104\u003c\/p\u003e \u003cp\u003eFocus Groups 105\u003c\/p\u003e \u003cp\u003eAnticipate and Adapt to Change 106\u003c\/p\u003e \u003cp\u003eThe Age Wave 106\u003c\/p\u003e \u003cp\u003eEcho Boomers 107\u003c\/p\u003e \u003cp\u003eLocal Trends and Changes 108\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6. Is the Property a Good Deal? 109\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Much Would It Cost to Construct the Property Today? 110\u003c\/p\u003e \u003cp\u003eThe Construction Cycle 110\u003c\/p\u003e \u003cp\u003eImplications for Investors 111\u003c\/p\u003e \u003cp\u003eLocal (Regional) Recessions 113\u003c\/p\u003e \u003cp\u003ePer Unit Measures 113\u003c\/p\u003e \u003cp\u003ePer Apartment Unit 113\u003c\/p\u003e \u003cp\u003ePer-Square-Foot Measures 115\u003c\/p\u003e \u003cp\u003ePrice Per Front Foot 117\u003c\/p\u003e \u003cp\u003eGross Rent Multipliers 117\u003c\/p\u003e \u003cp\u003eCapitalized Value 118\u003c\/p\u003e \u003cp\u003eEstimate Market Value 122\u003c\/p\u003e \u003cp\u003eAnticipate the Future; Pay for the Present 124\u003c\/p\u003e \u003cp\u003eCash-on-Cash Return 125\u003c\/p\u003e \u003cp\u003eGrowth in Equity 127\u003c\/p\u003e \u003cp\u003eDon’t Settle for Low Rates of Appreciation 129\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7. Collect More Rents 130\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNever Accept Average 131\u003c\/p\u003e \u003cp\u003eStand Out and Stand Above 131\u003c\/p\u003e \u003cp\u003eA Strategy of Your Own 132\u003c\/p\u003e \u003cp\u003eVerify Current Rent Collections 133\u003c\/p\u003e \u003cp\u003eExamine All Leases and Rental Applications 134\u003c\/p\u003e \u003cp\u003eInterpreting the Rental Information 134\u003c\/p\u003e \u003cp\u003eRent Collections, Not Rental Rates 135\u003c\/p\u003e \u003cp\u003eTalk with Tenants 135\u003c\/p\u003e \u003cp\u003eYour Competitive Market Analysis 137\u003c\/p\u003e \u003cp\u003eSet Your Rents with Market Savvy 138\u003c\/p\u003e \u003cp\u003eThe Myth of Market Rent Levels 139\u003c\/p\u003e \u003cp\u003eRent Levels and Vacancy Rates 140\u003c\/p\u003e \u003cp\u003eThe Myth of the Market Vacancy Rate 141\u003c\/p\u003e \u003cp\u003eThink Rent Range, Not Rent Rate 142\u003c\/p\u003e \u003cp\u003eRaise Rents without Substantially Improving the Building 142\u003c\/p\u003e \u003cp\u003eConfirm Your Suspicions 142\u003c\/p\u003e \u003cp\u003eWhy Owners Underprice Their Units 143\u003c\/p\u003e \u003cp\u003eInvestor Opportunities with Stage-of-Life Sellers 144\u003c\/p\u003e \u003cp\u003eHow High Can You Go? 146\u003c\/p\u003e \u003cp\u003eSelective Increases 148\u003c\/p\u003e \u003cp\u003eDealing with Current Tenants 149\u003c\/p\u003e \u003cp\u003eCan You Boost Your Rent Collections by Lowering Rents? 150\u003c\/p\u003e \u003cp\u003eAn Extreme Example of Overpricing and Market Ignorance (or Fanciful Dreaming) 150\u003c\/p\u003e \u003cp\u003eA Purchase Opportunity 151\u003c\/p\u003e \u003cp\u003eTime-Sensitive Rental Markets 152\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8. Build Equity Fast with Sharp Interiors 153\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Entrepreneurial Imperative 153\u003c\/p\u003e \u003cp\u003eToo Many Investors 153\u003c\/p\u003e \u003cp\u003eToo Few Sellers 154\u003c\/p\u003e \u003cp\u003eNot Words of Discouragement 155\u003c\/p\u003e \u003cp\u003eYour Target Market 155\u003c\/p\u003e \u003cp\u003eVisualize Your Tenants 156\u003c\/p\u003e \u003cp\u003eYour Suggestion Box 157\u003c\/p\u003e \u003cp\u003eFiguring Payback 157\u003c\/p\u003e \u003cp\u003eFast Buck versus the Last Buck 158\u003c\/p\u003e \u003cp\u003eSet Your Budget for Improvements 158\u003c\/p\u003e \u003cp\u003eThe Sum Effect 160\u003c\/p\u003e \u003cp\u003eThe Interior of the Units 160\u003c\/p\u003e \u003cp\u003eSharpen the Aesthetics 161\u003c\/p\u003e \u003cp\u003eSpecial Touches 163\u003c\/p\u003e \u003cp\u003eSafety, Security, and Functionality 163\u003c\/p\u003e \u003cp\u003eRightsizing Room Count\/Room Size 165\u003c\/p\u003e \u003cp\u003eCreate More Storage 167\u003c\/p\u003e \u003cp\u003eCheck Noise Levels 169\u003c\/p\u003e \u003cp\u003eOverall Livability of the Unit 170\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9. Generate More Income 171\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eYour Building Sends an Advertising Message 171\u003c\/p\u003e \u003cp\u003eClean Up the Grounds 172\u003c\/p\u003e \u003cp\u003eYard Care and Landscaping 172\u003c\/p\u003e \u003cp\u003eSidewalks, Walkways, and Parking Areas 173\u003c\/p\u003e \u003cp\u003eFences, Lampposts, and Mailboxes 173\u003c\/p\u003e \u003cp\u003eThe Exterior of the Building 174\u003c\/p\u003e \u003cp\u003eName Your Building 179\u003c\/p\u003e \u003cp\u003eSignage 182\u003c\/p\u003e \u003cp\u003eCurb Appeal: Summing Up 182\u003c\/p\u003e \u003cp\u003eCollect More than Rent 183\u003c\/p\u003e \u003cp\u003eLaundry 184\u003c\/p\u003e \u003cp\u003eParking 184\u003c\/p\u003e \u003cp\u003eBuild Storage Lockers 185\u003c\/p\u003e \u003cp\u003eCable\/Satellite 185\u003c\/p\u003e \u003cp\u003eAdd Other Amenities or Services 186\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10. More Creative Ways to Make Money 187\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTailor Your Lease Agreements 187\u003c\/p\u003e \u003cp\u003eCompetitive Advantage 188\u003c\/p\u003e \u003cp\u003eWhat Terms Might You Negotiate? 191\u003c\/p\u003e \u003cp\u003eShould You Furnish Your Apartments? 198\u003c\/p\u003e \u003cp\u003eAll Price Levels 199\u003c\/p\u003e \u003cp\u003eHigh Payback 199\u003c\/p\u003e \u003cp\u003eWarning: Don’t Pay a Premium Price for Furnished Apartment Buildings 201\u003c\/p\u003e \u003cp\u003eImprove the Neighborhood 202\u003c\/p\u003e \u003cp\u003eBecome a Neighborhood Entrepreneur 203\u003c\/p\u003e \u003cp\u003eThe Huge Payback 204\u003c\/p\u003e \u003cp\u003eConclusion: Investing in Action: The Bayside Apartments 206\u003c\/p\u003e \u003cp\u003eEntrepreneurial Strategy 212\u003c\/p\u003e \u003cp\u003eReal Estate Entrepreneurs Outperform All Other Investors 213\u003c\/p\u003e \u003cp\u003eOnly Investors Perform 214\u003c\/p\u003e \u003cp\u003eEntrepreneurial Real Estate Investors Perform Best of All 214\u003c\/p\u003e \u003cp\u003eIndex 217\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52257151385880,"sku":"9780470183434","price":16.29,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780470183434.jpg?v=1781277656","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/make-money-with-affordable-apartment-buildings-and-commercial-properties-paperback-softback-9780470183434","provider":"Freshly Printed Books","version":"1.0","type":"link"}