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9780470190838

Investing in Income Properties : The Big Six Formula for Achieving Wealth in Real Estate

by
  • ISBN13:

    9780470190838

  • ISBN10:

    0470190833

  • Format: Hardcover
  • Copyright: 2008-08-04
  • Publisher: Wiley
  • Purchase Benefits
List Price: $39.95

Summary

Real estate expert Ken Rosen highlights his winning approach to achieving exceptional wealth by investing in income properties The industry might be slumping, but there are good deals out there. Ken Rosen, a real estate expert who has bought and sold $300 million worth of investment real estate over the past 30 years, brings the reader his Big Six strategy that he has used throughout his career to obtain financial independence. The Big Six are: buying in a top location, identifying a building that is efficiently designed and quality built, analyzing the tenant profile, buying a building with "upside", obtaining a financing package that affords maximum leverage, and negotiating a deal at the right price. He believes that successful investors make their money in buying, not selling. Now, with Investing in Income Properties he shows readers why.Kenneth D. Rosen (Coral Gables, FL) is the founder and President of Kendar Realty, Inc. and one of the pioneers of condo conversions. He is past president of the Realtor Association of Greater Miami and recipient of numerous awards, including Miami Realtor of the Year.

Author Biography

Kenneth D. Rosen is the founder and President of Kendar Realty, Inc., and one of the pioneers of condo conversions. Over the past thirty years, Rosen has bought and sold $300 million in investment real estate, including apartment complexes, office buildings, retail centers, small-bay warehouses, and large acreage tracts. He is past president of the Realtor Association of Greater Miami and recipient of numerous awards, including Miami Realtor of the Year.

Table of Contents

Acknowledgments
Introduction
The Basics
Why Commercial Real Estate?
Real Value, Real Ownership, Real Estate
The Control Factor
Financing Options
The Leverage Edge
Tax Benefits
Access to Information
Easy Troubleshooting
Overcoming Fear
The Bottom Line
Real Estate 101
What Is Real Estate?
Types of Income Properties
What Real Estate Can Do for You
The Search Begins
Purchase and Sale Contracts
Closing
Education
Real Estate Lingo
The Bottom Line
Assembling The Team
The Broker
The Attorney
The Certified Public Accountant
The Bottom Line
Getting the Money
Obtaining a Home Equity Loan
IRA Accounts
Cash Value of Life Insurance
Customized Creativity
The Use of Options
OPM
Ask Your Banker
Present Sacrifice for Future Benefits
The Bottom Line
The Big Six Formula
Location: Planting Investment Roots
Evaluating Locations
Industrial Properties
Short-Term Gains and Declines
Long-Term Gains and Declines
The Bottom Line
Building Quality and Design Efficiency: Ensuring the Long-Term Viability of Your Portfolio
Class A Buildings
Class B Buildings
Class C Buildings
Class B APartment Buildings
Class B Retail Strip Store Centers
Class B Office Buildings
Industrial Properties
The Bottom Line
Tenant Profile: The Right Fit
Rental Rate and Terms
Gross or Net Lease
Size of Units
Impact of a National Tenant
Right of First Refusal
Potential Condo Buyers
Parking Considerations
Undesirable Mix of Tenants
The Bottom Line
Upside: Maximizing the Return on Your Holdings
Tenants Can Set the Price of a Building
Upside Strategies
The Bottom Line
Financing: Choosing the Fiscal Formula that Matches Your Goals
Before You Begin: Your Credit Report
Financing Components and Dynamics
Appraisal
The Advantages of Dealing with Local Banks
Ideal Financing
Getting Your Loan Approved
Private Lenders
The Romance of Leverage
Infinity Return
All-Cash Buyers
Burn the Mortgage Quickly
Mortgage Brokers
Healthy versus Unhealthy Debt
The Bottom Line
Price: Looking Beyond the Price Tag to See the Big Picture
The Price-Is-Too-High Syndrome
Things to Know
The Bottom Line
Anatomy of a Big Six Deal
Adam's Manor
The Sellers
Listing the Property
The Buyer
Setting the Stage
The Buyers' Strategy
Sealing the Deal
Brokers Meet the Sellers
Now What?
The Bottom Line
Moving Forward
Management and Leasing to Enhance Your Investment
Managing APartment Buildings
Managing Small Retail Centers
Managing Small Bay Warehouses
Managing Office Buildings
The Bottom Line
Condo Conversions: Big Money in Small APartment Buildings
My Start in Condo Conversions
Criteria for Converting Small Buildings
Critiquing the Units
Announcing the Conversion
Announcing the Improvement Program
Handling the Unsold Units
Legal Requirements
Bradford Terrace: A Mini Case Study
The Bottom Line
One Good Investment is Worth a Lifetime of Labor
The Shift: by Jeffrey Cohen
I Came to New York: by Christine Marie
Love at First Sight: by Tony DeRosa
If I Never Made Another Deal: by Cliff Suchman
You Can Never Know Too Much: by Anthony Dilweg and Andy Roberts
I Made It in Buying: by Kenneth D. Rosen
The Bottom Line
Glossary
About the Author
Index
Table of Contents provided by Publisher. All Rights Reserved.

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