Synopses & Reviews
A revised and expanded edition of the bestselling guide to investing in apartment buildings
Investing in real estate is a tried-and-true way to build assets, increase income, and prepare for retirement or the expense of college. With the proper guidance, a well-defined plan, and a little capital, anyone can profit by buying and selling rental properties.
Whether you're a first-time investor or a seasoned professional, this straightforward guide helps you map out your future, find apartment buildings at a fair price, finance purchases, and manage your properties. If you're an active real estate investor focused on single-family properties, Steve Berges's step-by-step plan shows you how to make the jump to multifamily units.
The Complete Guide to Buying and Selling Apartment Buildings includes tax planning advice, case studies of real acquisitions, and appendixes that add detail to the big picture. This new Second Edition also includes a handy glossary of all the terms investors need to know, helpful sample forms that make paperwork quick and easy, and updated real estate market forecasts. Inside you'll find:
- Ten ways to create value
- Six ways to locate multifamily properties
- Five key ratios every investor should know
- Two crucial techniques that will help any investor save thousands
- Three ways to determine how much a piece of property is really worth
- Five cardinal rules of successful negotiations
- Six reasons sellers sell their property
- Four effective exit strategies
- Five keys to your success
- And much more
Synopsis
The proposed second edition of "The Complete Guide to Buying and Selling Apartment Buildings will include the following additions, changes, and revisions.
1. Update introduction and include forecast and outlook for apartment and real estate industry.
2. Enhance Financial Analysis section by providing additional Key Ratios.
3. Provide increased explanation of Income Analyzer model using a step-by-step approach.
4. Converting single-family property to multifamily use-analysis and live case study of Park Island Condominiums.
5. Addition of real estate glossary.
6. Addition of sample real estate forms-Purchase Agreement and others.
Synopsis
A new edition of the guide that helps investors take the leap from single-family homes to apartment buildings
The Complete Guide to Buying and Selling Apartment Buildings, Second Edition describes, in detail, a step-by-step process for finding multifamily apartment complexes. From duplexes, to fourplexes, to massive complexes, author Steve Berges gives investors everything they need to know to find great deals, assess property values, negotiate purchases, close deals, and plan exit strategies. This new edition includes updated information on financial analysis techniques, a new helpful glossary of real estate terminology, and new sample real estate forms, such as purchase agreements.
Steve Berges (Lake Orion, MI) is a commercial mortgage broker who specializes in buyers and sellers seeking financing for apartment complexes. He is also the author of The Complete Guide to Flipping Properties (0-471-46331-0) and The Complete Guide to Real Estate Finance for Investment Properties (0-471-64712-8), both from Wiley.
Synopsis
Whether you?re a first-time real estate investor or a seasoned professional, The Complete Guide to Buying and Selling Apartment Buildings helps you map out your future, find apartment buildings at a fair price, finance purchases, and manage your properties. Now revised and expanded, this Second Edition includes tax planning advice, case studies of real acquisitions, and appendixes that add detail to the big picture. Plus, it includes a handy glossary of all the terms investors need to know, helpful sample forms that make paperwork quick and easy, and updated real estate forecasts. With this comprehensive guide at hand you?ll find profits easy to come by.
About the Author
STEVE BERGES is a real estate investment professional with over twenty-five years of experience. As principal of Symphony Homes, he is an active investor specializing in creating value through various real estate mechanisms, including single-family houses, multifamily apartment complexes, and the development and construction of single-family and condominium housing communities. He holds an MBA in finance and marketing from Rice University. His other books include The Complete Guide to Real Estate Finance for Investment Properties and The Complete Guide to Flipping Properties, both from Wiley.
Table of Contents
Chapter 1. Introduction to Multifamily Ownership.
Chapter 2. Advantages of Multifamily Ownership.
Chapter 3. Bridging the Gap.
Chapter 4. The Value Play Strategy.
Chapter 5. Establishing Your Niche and Locating Properties.
Chapter 6. Six Ways to Locate Properties.
Chapter 7. Financial Analysis.
Chapter 8. Case Study Analysis.
Chapter 9. Negotiation Strategies and the Due Diligence Process.
Chapter 10. Financing Your Acquisition.
Chapter 11. Closing the Deal.
Chapter 12. Managing Your Property.
Chapter 13. Four Effective Exit Strategies.
Chapter 14. Six keys to Your Success.
Appendix A: www.thevalueplay.com.
Appendix B: www.symphony-homes.com.
Glossary.
Index.