How to Buy and Sell Apartment Buildings [Hardcover]

Eugene E. Vollucci (Author)

Book Description

ISBN-10: 0471579343 | ISBN-13: 978-0471579342 | Publication Date: January 1993 | Edition: 1

With a minimum investment of $6,000.00 you can buy your first apartment building. Based on proven analytical techniques, the author has come up with an amazing investment strategy. You will learn how to implement your own market research program to spot prime locations, discover three basic ways to save money on your income tax and how to judgment proof your assets to stop law suits. An exclusive form of ownership, which complies with current tax laws, is introduced that will give you the ability to raise capital easily and inexpensively.

Editorial Reviews

From the Back Cover

It’s no secret why thousands of inexperienced and veteran real estate investors, tax advisors, and financial planners have profited from Eugene Vollucci’s electrifying one-day seminar, "Three Moves to a Million^™." They’ve learned to toss out the old cliches about the real estate market and see exactly where the new area of opportunity really is—apartment buildings—from a man who turned himself into a multimillionaire in less than five years. A man who took a $6,000 investment and, after just three transactions, emerged with a cool million. Now Eugene Vollucci provides you with that same proven, money-making advice in his new book, How to Buy and Sell Apartment Buildings. Presenting dozens of salient tips as well as the same econometric computer model that catapulted him to wealth, Vollucci points you in an exciting and profitable new direction. With his guidance, you’ll learn how to: Gauge markets—and buy and sell in the right place at the right time Read between the lines of property set-up sheets to spot good properties Put computer software to work to help you accurately evaluate properties Individualize your marketing efforts to maximize profits when selling Exploit one of the few remaining loopholes left by the Tax Reform Act of 1986 Put together an asset protection plan that’ll make you judgment-proof You’ll see the wisdom of operating on a global, not just local, scale…concentrating, not diversifying, your assets…building a winning team of consultants, not going it alone…using a Family Living Partnership, not a living trust, to protect assets…and much more. --This text refers to an out of print or unavailable edition of this title.

About the Author

EUGENE E. VOLLUCCI is the founder and President of Cal State Associates, Inc., a prominent Southern California real estate investment firm he has headed for more than 25 years. He is also Director of The Center for Continuing Education in Real Estate, a nonprofit organization that sponsors Mr. Vollucci’s highly popular one-day financial skills workshop, " Three Moves to a Million^™." As an investor and broker, he has transacted more than $250 million in real estate. As an IRS Enrolled Agent with the U.S. Treasury Department, Mr. Vollucci personally prepared more than 20,000 tax returns. --This text refers to an out of print or unavailable edition of this title.

Product Details

• Hardcover: 197 pages
• Publisher: Wiley; 1 edition (January 1993)
• Language: English
• ISBN-10: 0471579343
• ISBN-13: 978-0471579342
• Product Dimensions: 8.8 x 6.3 x 0.9 inches
• Shipping Weight: 8 ounces (View shipping rates and policies)
• Average Customer Review: 3.2 out of 5 stars  See all reviews (34 customer reviews)
• Amazon Best Sellers Rank: #809,830 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

58 of 61 people found the following review helpful:

1.0 out of 5 stars This DAWG "Don't Hunt!!!!!!, April 13, 2001

By 

Sherman (Alexandria, VA United States) - See all my reviews

This review is from: How to Buy and Sell Apartment Buildings (Hardcover)

What a T-U-R-K-E-Y !!!!! Based on the online reviews at AMAZON, I decided to take a chance on this book - BIG MISTAKE. In addition to the numerous typos (e.g. Asset "CONVERSATION" instead of conversion, etc.) The information in the book is either OLD, MISLEADING or Flat out incorrect. The Book's fundamental premise is based on two things: The author's ability to "time" the market and buy into quickly accelerating markets (from 1982-88), well before the markets turn around, and: His ability to 1031 exchange his profits (while cutting out his partners), into two other "well timed" investments in markets (well) outside his home market. He supports this simple concept with a lot of content which includes a deep bias against other types of investment strategies, which did not work for him (such as foreclosures), and a lot of statistics which are dubious at best, including lots of charts where the titles and legends have been intentionally omitted to support his position (questionable ethics - I think). Finally, he repeatedly points readers to an organization that he is a "Director" of to get a better understanding of the methodologies for his analytical strategies ( A LITTLE SELF SERVING). Final Analysis: NOT Well Written; Questionable LOGIC & Conclusions; Full of information which is probably no longer valid (Pub. 1992, cases based on strategies from 1980-88). Better off reading stuff by REED and available from ULI (Urban Land Institute). The Paper back was not a good investment - The Hardback at over $100.00 is an insult.

28 of 28 people found the following review helpful:

3.0 out of 5 stars Not for beginners, April 21, 2000

By A Customer

This review is from: How to Buy and Sell Apartment Buildings (Paperback)

I am a beginner and a lot of this stuff is over my head. He only focuses on mid-size buildings, and the $6,000 is assuming you're going in with a group, which I wouldn't want to do. Also, he recommends software (from a company of which he is a director) and finding consultants. This would have to add up to spending a lot before you can invest a single dollar. This is basically a book version of a seminar he holds "Three Moves to a Million." This approach to me is a little get rich quickish, and I have to wonder how many buildings out there actually fit his mathematical formula; probably not many. I have a feeling he's getting rich these days not through apartment ownership but with seminars and software sales. But still, he's thorough in describing a range of processes and things to consider.

42 of 45 people found the following review helpful:

3.0 out of 5 stars Interesting ideas and resources, but not detailed enough, August 5, 1999

By A Customer

This review is from: How to Buy and Sell Apartment Buildings (Paperback)

While the book provides a wealth of information and numerous valuable sources of information, the author is biased to mid-sized apartment buildings. Despite his recommendations to hire top notch professional "consultants" to save time and limit problems, readers should be prepared to perform the necessary due dilegence required to find and monitor good consultants (requires your time and $), and to research and understand the conditions of each real estate market in detail. I benefited from the points set forth in the book overall, but compared to other "how to" books I've read, this one lacks the depth that I expected given its title.