{"product_id":"make-money-with-condominiums-and-townhouses-paperback-softback-9780471433446","title":"Make Money with Condominiums and Townhouses (Paperback \/ softback) 9780471433446","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eMake Money with Condominiums and Townhouses\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\"\u003e9780471433446, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 4 July 2003\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e312 pages, Tables: 3 B\u0026amp;W, 0 Color; Exhibits: 20 B\u0026amp;W, 0 Color\u003cbr\u003e23.5 x 19.2 x 1.8 cm, 0.54 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\"...But if you know nothing about finding, buying and selling property or little about finance...author Gary Eldred is your guy.\" (\u003ci\u003eMiami Herald\u003c\/i\u003e, October 8, 2003)  \u003cp\u003eGary W. Eldred, in his \u003ci\u003eMake Money With Condominiums and Townhouses\u003c\/i\u003e, differs from those get-rich-quick types who imply that all it takes to be a landlord-tycoon is creative financing and chutzpah.\u003cbr\u003e Real estate can be rewarding, but you have to do your homework. Lots of it. This is where Eldred - a Realtor who has taught at Stanford University and the University of Illinois and co-wrote the thorough Investing in Real Estate with Andrew McLean - comes in.\u003cbr\u003e How do you choose the right condo or town house? The due diligence you have to exercise is considerable. When you are negotiating to buy a unit, the seller has to show you legal and financial documents about the homeowner's association. Read them closely. A homeowner's association that is in financial trouble is more likely to levy special assessments on homeowners to cover deficits or pay for maintenance or repairs.\u003cbr\u003e Other questions: Does the association carry enough insurance? Is it suing or being sued? (Guess who'll pay the legal bills.) Know that sellers and Realtors must disclose any serious defects of a property that they are aware of.\u003cbr\u003e Does a condo development have too many renters? That could harm property values. How do you evaluate unit location, density, size (measurement errors happen frequently), livability, security, parking, amenities and so forth? If your eyes glaze over at all the detail Eldred provides, you may not be cut out to be a real estate investor.\u003cbr\u003e Why invest in condos and town houses? Because in many areas, single-family homes have become too expensive relative to the rental income they can bring.\u003cbr\u003e Eldred gives a good overview of what you need to know before you plunge into the exciting (but perilous) world. Read \u003ci\u003eMake Money With Condominiums\u003c\/i\u003e in conjunction with his earlier book, Investing in Real Estate, for more insight into how to find bargains and obtain financing from less-known channels. (\u003ci\u003eUSA TODAY\u003c\/i\u003e, October 20, 2003)\u003c\/p\u003e\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eIn the Make Money series, renowned real estate investor and bestselling author Gary W. Eldred shows you how to profit from the safest, most reliable wealth builder in the world-real estate. With coverage of all the fundamentals-from finding the right properties to financing and managing them-Eldred shows you the ropes so you don't have to learn important lessons the hard way. Unlike general guides to investing in real estate, each title in the Make Money series gives you the specialized expertise necessary to fully profit from a select investment strategy.\u003cbr\u003e \u003cbr\u003e Make Money with Condominiums and Townhouses shows homebuyers and investors how to travel the road to real estate wealth-often with little or nothing down. As an affordable investment vehicle, condominiums and townhouses offer numerous advantages over other types of rental property-they require relatively little day-to-day management, they tend to attract more desirable tenants than other rental properties, and they offer low risk and high returns. Full of time-tested techniques and proven money-making strategies, Make Money with Condominiums and Townhouses will show you how to:\u003cbr\u003e * Relax while you put your money to work \u003cbr\u003e * Find properties with high rates of appreciation\u003cbr\u003e * Evaluate homeowner association finances\u003cbr\u003e * Choose profitable locations\u003cbr\u003e * Understand the changing demographics that may affect your investment\u003cbr\u003e * Finance your properties with little or no money down\u003cbr\u003e * Achieve positive cash flow quickly\u003cbr\u003e * Build up equity\u003cbr\u003e * Understand by-laws, disclosure statements, and management contracts\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cb\u003e1. The Lazy Investor’s Way to Wealth.\u003c\/b\u003e  \u003cp\u003eCondominiums Attract Better Tenants.\u003c\/p\u003e \u003cp\u003eWhy Condos Attract Better Tenants.\u003c\/p\u003e \u003cp\u003eThe One Easy Test: Who’s Moving In, Who’s Moving Out.\u003c\/p\u003e \u003cp\u003eYour Procedures Count, Too!\u003c\/p\u003e \u003cp\u003eCan Investors (Lazy or Not) Really Build Wealth with Condos and Townhouses?\u003c\/p\u003e \u003cp\u003eWhy Such Neglect?\u003c\/p\u003e \u003cp\u003eHow You Will Profit with Condos.\u003c\/p\u003e \u003cp\u003eAppreciation.\u003c\/p\u003e \u003cp\u003eThe Historical Record.\u003c\/p\u003e \u003cp\u003eWhat Does the Future Hold?\u003c\/p\u003e \u003cp\u003eSumming Up.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2. Bulls, Bears, and Cash Cows.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Mortgage Paydown.\u003c\/p\u003e \u003cp\u003eWealth without Appreciation.\u003c\/p\u003e \u003cp\u003eAdd to Your Principal Payments.\u003c\/p\u003e \u003cp\u003eCertainty over Uncertainty.\u003c\/p\u003e \u003cp\u003ePlan Your Wealth Building: Stocks versus Condos.\u003c\/p\u003e \u003cp\u003eCash Flow.\u003c\/p\u003e \u003cp\u003eCondo Investors Earn More Cash Flow.\u003c\/p\u003e \u003cp\u003eHow to Jump the Hurdle of Negative Cash Flows.\u003c\/p\u003e \u003cp\u003eShelter Your Cash from the IRS.\u003c\/p\u003e \u003cp\u003eDepreciation.\u003c\/p\u003e \u003cp\u003eTax-Free Exchanges.\u003c\/p\u003e \u003cp\u003eHomeowners Receive Tax-Free Gains.\u003c\/p\u003e \u003cp\u003eGain Tax-Free Cash with a Cash-Out Refinance.\u003c\/p\u003e \u003cp\u003eSumming Up.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3. Get to Know the Development.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCondo Communities Appeal to Buyers of All Incomes.\u003c\/p\u003e \u003cp\u003eKey Sources of Satisfaction and Dissatisfaction.\u003c\/p\u003e \u003cp\u003eFeatures and Price.\u003c\/p\u003e \u003cp\u003eYour Best Opportunity.\u003c\/p\u003e \u003cp\u003eResale Potential.\u003c\/p\u003e \u003cp\u003eGood Buy.\u003c\/p\u003e \u003cp\u003eNo Simple Rules.\u003c\/p\u003e \u003cp\u003eWhy Stress This Point?\u003c\/p\u003e \u003cp\u003eThe HOA.\u003c\/p\u003e \u003cp\u003eThe Organizational Structure.\u003c\/p\u003e \u003cp\u003eThe Board of Directors.\u003c\/p\u003e \u003cp\u003eManagement.\u003c\/p\u003e \u003cp\u003eCommittees.\u003c\/p\u003e \u003cp\u003eAttorney and Auditor.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4. Do the HOA Finances Look Good?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUndisclosed Leases.\u003c\/p\u003e \u003cp\u003eSweetheart Contracts.\u003c\/p\u003e \u003cp\u003eUnderstated HOA Fees.\u003c\/p\u003e \u003cp\u003eThe Budget.\u003c\/p\u003e \u003cp\u003eSpecial Assessments.\u003c\/p\u003e \u003cp\u003eMandatory Payment.\u003c\/p\u003e \u003cp\u003e“I Don’t Care! I’m Not Paying”.\u003c\/p\u003e \u003cp\u003eHOA Boards Must Follow Specified Procedures and Forms.\u003c\/p\u003e \u003cp\u003eYour Financial Due Diligence: Summing Up.\u003c\/p\u003e \u003cp\u003eHow Much Insurance?\u003c\/p\u003e \u003cp\u003eThe Lesson of the Oakland-Berkeley Firestorm.\u003c\/p\u003e \u003cp\u003eAny Lawsuits?\u003c\/p\u003e \u003cp\u003eHOA as Plaintiff.\u003c\/p\u003e \u003cp\u003eHOA as Defendant.\u003c\/p\u003e \u003cp\u003eBe Wary of HOAs in Litigation.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5. What Do Condo Residents Say?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Residents Say about Their Condos\/ Townhouses.\u003c\/p\u003e \u003cp\u003eOverall Satisfaction.\u003c\/p\u003e \u003cp\u003eWise Investors Pay Attention to the Negatives (and Positives) of Condo Buildings and Developments.\u003c\/p\u003e \u003cp\u003eWhat Features Rank Most Important?\u003c\/p\u003e \u003cp\u003ePoor Construction, Careless Workmanship, and Unexpected Repairs and Replacements.\u003c\/p\u003e \u003cp\u003eGovernment Inspectors Sometimes Fail to Do Their Jobs.\u003c\/p\u003e \u003cp\u003eWhen Buying an Existing Unit, Check the Resale Package.\u003c\/p\u003e \u003cp\u003eSeller Disclosures.\u003c\/p\u003e \u003cp\u003eUnethical Builders and Sales Reps.\u003c\/p\u003e \u003cp\u003eSales Rep Disconnect.\u003c\/p\u003e \u003cp\u003eThe Documents Control.\u003c\/p\u003e \u003cp\u003eChildren: Little Monsters or Little Darlings.\u003c\/p\u003e \u003cp\u003ePotential Problems.\u003c\/p\u003e \u003cp\u003eA Parent Speaks.\u003c\/p\u003e \u003cp\u003ePets.\u003c\/p\u003e \u003cp\u003eProblems with Renters.\u003c\/p\u003e \u003cp\u003eShould You Buy into a Project That’s Heavy with Renters?\u003c\/p\u003e \u003cp\u003eExercise Investor Responsibility.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6. More Likes and Dislikes of Community Living.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDensity.\u003c\/p\u003e \u003cp\u003ePeople per Unit.\u003c\/p\u003e \u003cp\u003eProject Density versus Unit Crowding.\u003c\/p\u003e \u003cp\u003eMultiple Visits\/Curb Appeal.\u003c\/p\u003e \u003cp\u003eUnit Location.\u003c\/p\u003e \u003cp\u003ePerimeter or Interior Building Site.\u003c\/p\u003e \u003cp\u003eWhy Underprice Preferred Locations?\u003c\/p\u003e \u003cp\u003eDownhill or Uphill?\u003c\/p\u003e \u003cp\u003eSight, Sound, and Smell.\u003c\/p\u003e \u003cp\u003eUnit Features and Design.\u003c\/p\u003e \u003cp\u003eUniform versus Uniformly Beautiful.\u003c\/p\u003e \u003cp\u003eUnit Size.\u003c\/p\u003e \u003cp\u003eLivability.\u003c\/p\u003e \u003cp\u003eRecreational Amenities.\u003c\/p\u003e \u003cp\u003eWill Tenants Pay Higher Rents?\u003c\/p\u003e \u003cp\u003eWhat If Tenants Pay and Play?\u003c\/p\u003e \u003cp\u003eWhat to Do?\u003c\/p\u003e \u003cp\u003eSecurity.\u003c\/p\u003e \u003cp\u003eI Love “Lock and Leave”.\u003c\/p\u003e \u003cp\u003ePlay It Safe: Ask!\u003c\/p\u003e \u003cp\u003eSumming Up: Likes and Dislikes.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7. Understand the Bylaws.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRules Create Value.\u003c\/p\u003e \u003cp\u003eNo Supply Because There’s No Demand.\u003c\/p\u003e \u003cp\u003eChoose the Right HOA for You.\u003c\/p\u003e \u003cp\u003eWhat Will You Find in the Resale Package?\u003c\/p\u003e \u003cp\u003eCreating Value within a Context of Fairness.\u003c\/p\u003e \u003cp\u003eThe Condo Bylaws.\u003c\/p\u003e \u003cp\u003eMeetings of Members (Article III).\u003c\/p\u003e \u003cp\u003eBoard of Directors (Articles IV–VI).\u003c\/p\u003e \u003cp\u003ePower and Duties (Article VII).\u003c\/p\u003e \u003cp\u003eAssociation Officers and Duties (Article VIII).\u003c\/p\u003e \u003cp\u003eCommittees, Records, Assessments, and Seal (Articles IX–XII).\u003c\/p\u003e \u003cp\u003eThe Amendment Process (Article XIII).\u003c\/p\u003e \u003cp\u003eSumming Up.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8. Understand the Declaration.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Declaration Creates and Governs the HOA.\u003c\/p\u003e \u003cp\u003eDon’t Rely on the Legal Opinions of a Real Estate Agent.\u003c\/p\u003e \u003cp\u003eNot an Indictment.\u003c\/p\u003e \u003cp\u003eThe Purpose and Terms of the Declaration.\u003c\/p\u003e \u003cp\u003eOne Drawback.\u003c\/p\u003e \u003cp\u003eGeneralities or Details?\u003c\/p\u003e \u003cp\u003eThe Terms of the Declaration.\u003c\/p\u003e \u003cp\u003eSumming Up.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9. Understand the Rules and Regulations.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBoard-Issued Rules: Community Values or\u003c\/p\u003e \u003cp\u003eDictatorship.\u003c\/p\u003e \u003cp\u003eWhat Rules and Why?\u003c\/p\u003e \u003cp\u003eMaintenance of Unit (1).\u003c\/p\u003e \u003cp\u003eUnit Occupancy and Use (2).\u003c\/p\u003e \u003cp\u003eBalcony\/Terrace (3).\u003c\/p\u003e \u003cp\u003eCharcoal Grills (6).\u003c\/p\u003e \u003cp\u003eParking (9).\u003c\/p\u003e \u003cp\u003ePool\/Pond Rules (11).\u003c\/p\u003e \u003cp\u003ePets (12).\u003c\/p\u003e \u003cp\u003eFlip Charge (15).\u003c\/p\u003e \u003cp\u003eSigns (23).\u003c\/p\u003e \u003cp\u003eGuests (26).\u003c\/p\u003e \u003cp\u003eLeases (33).\u003c\/p\u003e \u003cp\u003eCapital Improvements (36).\u003c\/p\u003e \u003cp\u003eOwner Additions and Alterations (37).\u003c\/p\u003e \u003cp\u003eUtility Services (39) 204\u003c\/p\u003e \u003cp\u003eRight of First Refusal (40).\u003c\/p\u003e \u003cp\u003eEnforcement of Rules (42).\u003c\/p\u003e \u003cp\u003e$50 Fine per Occurrence per Day.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10. Choose a Profitable Location.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIn Which Company Should You Invest: General Motors or Microsoft?\u003c\/p\u003e \u003cp\u003eToo Optimistic on Microsoft.\u003c\/p\u003e \u003cp\u003eNegative Outlook on GM.\u003c\/p\u003e \u003cp\u003eGM’s Stock Outperforms Microsoft.\u003c\/p\u003e \u003cp\u003ePersonal or Financial?\u003c\/p\u003e \u003cp\u003eLocation Incorporates a Milieu of Features.\u003c\/p\u003e \u003cp\u003eConvenience: Easy Come, Easy Go?\u003c\/p\u003e \u003cp\u003eLet Me Count the Ways.\u003c\/p\u003e \u003cp\u003eTimes of the Day or Week.\u003c\/p\u003e \u003cp\u003eBad Weather, Bridge Out, Road Work?\u003c\/p\u003e \u003cp\u003eEnvironment.\u003c\/p\u003e \u003cp\u003eEconomic Base.\u003c\/p\u003e \u003cp\u003eDemographics and Psychographics: Incomes, Lifestyles, and Attitudes.\u003c\/p\u003e \u003cp\u003eAesthetics: Sights, Sounds, Smell.\u003c\/p\u003e \u003cp\u003eZoning and Other Related Ordinances.\u003c\/p\u003e \u003cp\u003eSafe and Secure.\u003c\/p\u003e \u003cp\u003eFiscal Soundness.\u003c\/p\u003e \u003cp\u003ePolitical Responsiveness.\u003c\/p\u003e \u003cp\u003eDiscover Your Area’s Microclimates.\u003c\/p\u003e \u003cp\u003eLocation: Summing Up.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11. Predict the Future.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow to Define “Bargain”.\u003c\/p\u003e \u003cp\u003eAppraisals Shortchange Fundamentals.\u003c\/p\u003e \u003cp\u003eFocus on the Recent Past.\u003c\/p\u003e \u003cp\u003eAppraisals Ignore Other Areas.\u003c\/p\u003e \u003cp\u003eAppraisals Shortchange Economic Fundamentals.\u003c\/p\u003e \u003cp\u003eSumming Up: The Market Value Mistake.\u003c\/p\u003e \u003cp\u003eCurrent Market Data.\u003c\/p\u003e \u003cp\u003eTime on Market.\u003c\/p\u003e \u003cp\u003eAsking Price\/Selling Price.\u003c\/p\u003e \u003cp\u003eInventory of Unsold Properties.\u003c\/p\u003e \u003cp\u003eProperties under Contract.\u003c\/p\u003e \u003cp\u003eMortgage Purchase Applications, Delinquencies, and Foreclosures.\u003c\/p\u003e \u003cp\u003eVacancy Rates.\u003c\/p\u003e \u003cp\u003eSumming Up: The Current Market.\u003c\/p\u003e \u003cp\u003eBoom and Bust Cycles.\u003c\/p\u003e \u003cp\u003eBoom and Bust Myth.\u003c\/p\u003e \u003cp\u003eMedia Distortion versus Local Market Experience.\u003c\/p\u003e \u003cp\u003eCondos: Boom, Bust, and Recovery.\u003c\/p\u003e \u003cp\u003eDon’t Prejudge: Weigh Risks against Potential Rewards.\u003c\/p\u003e \u003cp\u003eHow to Spot a Condo Bargain.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12. Buy and Finance Your Condominium(s).\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNegotiate a Win-Win Purchase Agreement.\u003c\/p\u003e \u003cp\u003eWin-Win Principles.\u003c\/p\u003e \u003cp\u003eThe Purchase Contract.\u003c\/p\u003e \u003cp\u003eMaximize Your Leverage with Owner-Occupancy Financing.\u003c\/p\u003e \u003cp\u003eOwner-Occupied Buying Strategies.\u003c\/p\u003e \u003cp\u003eHomeowners, Too, Can Use This Method.\u003c\/p\u003e \u003cp\u003eWhy One Year?\u003c\/p\u003e \u003cp\u003eWhere Can You Find High LTV Owner-Occupied Mortgages?\u003c\/p\u003e \u003cp\u003eHigh Leverage for Investor-Owned Financing.\u003c\/p\u003e \u003cp\u003eWhat Underwriting Standards Do Lenders Apply?\u003c\/p\u003e \u003cp\u003eAutomated Underwriting.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13. Tailor Your Lease Agreements.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUse Your Lease in Your Market Strategy.\u003c\/p\u003e \u003cp\u003eCompetitive Advantage.\u003c\/p\u003e \u003cp\u003eWhat Terms Might You Negotiate?\u003c\/p\u003e \u003cp\u003eLease Options.\u003c\/p\u003e \u003cp\u003eHere’s How It Works.\u003c\/p\u003e \u003cp\u003eBenefits to Investors.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e14. Your Easier Path to Wealth and Income.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLess Risk.\u003c\/p\u003e \u003cp\u003ePersonal Opportunity.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIndex\u003c\/b\u003e\u003cb\u003e.\u003c\/b\u003e\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":52293477007640,"sku":"9780471433446","price":13.38,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780471433446.jpg?v=1781641231","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/make-money-with-condominiums-and-townhouses-paperback-softback-9780471433446","provider":"Freshly Printed Books","version":"1.0","type":"link"}