About the Book
However, not all commercial properties are alike. Many properties in today's chaotic world are dropping in value and financing can be difficult to obtain. The major exception are "Big Six" properties, which represent about 10% of all commercial real estate. These properties are the ones that meet the criteria of the successful formula and are still very much in demand. Investing in Income Properties: The Big Six Formula for Achieving Wealth in Real Estate (Wiley) establishes the six criteria necessary to make a sound, secure and profitable investment. They are Location, Building Quality and Design Efficiency, Tenant Profile, Upside, Financing and Price. These six criteria must be followed in sequential order, just as one would climb the steps of a ladder. The properties described in the book range in price from $500,000 to $5,000,000 and include small apartment buildings, neighborhood shopping centers, small office buildings, and clusters of small bay warehouses. Financing from local and community banks, as opposed to large multi-national banks, is readily available for those properties that measure up to the "Big Six" formula. The rates of return on these investments are far in excess of those found in banks or on Wall Street because of the superb leverage inherent in commercial real estate. No other investment comes close to a good, solid "Big Six" property, says the author Ken Rosen. The book explains that "Big Six" properties are hard to find - but with the help of an experienced commercial Realtor, they can be found if one knows how to identify them. The book explains to the reader in detail how to do this. By using the techniques and strategies discussed in the book, an investor with no experience in real estate can become wealthy, and eventually acheive financial independence. This is not a "get rich quick", or "no money down" book - nothing slick and gimmicky... just the facts. John S. Zdanowicz, PhD, Professor of Real Estate at Florida International University said that "This book should be required reading in all real estate investment courses." And, David L. Meline, Investment Sales Specialist with Cushman & Wakefield of Georgia said that "I have met many successful investors, but Ken Rosen clearly stands out as a savvy, self-made entrpreneurial investor who is generously sharing his wealth of knowledge and insight in this very instructive and easy-to-read book." Ken Rosen, a real estate investor in Coral Gables, Florida, who has bought and sold $300 million worth of investment real estate over the past thirty years, knows what it takes to achieve exceptional wealth through income-producing properties. With this easy-to-understand resource, he’ll show men and women who have never invested how they can be successful. Rosen also reveals how experienced investors can find useful new ways to look at their real estate portfolios. Divided into three comprehensive parts, Investing in Income Properties reveals the profitable six-step formula Rosen has created to capture impressive profits over the 30-year course of his successful real estate investing career. |
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• Part One: The Basics explores the essentials of real estate investing, its unique advantages over other investments, how to overcome investment fears, ways to obtain the cash to get started, and how to find the right professionals to help build a successful portfolio. INVESTING IN INCOME PROPERTIES: The Big Six Formula for Achieving Wealth in Real Estate will help you become a successful real estate investor. If you come to understand the real estate industry and apply the insights found in this book, you’ll begin to forge a personal path to financial freedom that could last a lifetime.
Contents
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The housing market and the economy are in dire straits. But there is more to the real estate market than just houses. Commercial income-producing real estate is a powerful alternative for people seeking investment opportunities beyond the stock market.
