Make Money with Small Income Properties [Paperback]

Gary W. Eldred (Author)

Book Description

Series: Make Money in Real Estate | Publication Date: July 25, 2003

In 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.

Make Money with Small Income Properties shows you how to grow your fortune by purchasing and managing multi-unit rental properties-from duplexes to twenty-four-unit buildings. Compared to other real estate investments, small income properties offer higher returns, positive cash flows, and easy-qualifying seller financing. The expert guidance you'll find here illustrates how you can boost property values and increase rent collections through effective and friendly management. This simple-to-follow guide offers the knowledge you need to find properties that will increase in value, manage them effectively (rule one: never think of yourself as a landlord), and maximize your profits. Make Money with Small Income Properties will show you how to:
* Purchase and profit from affordable rental properties
* Develop your entrepreneurial strategy
* Understand the economy and pick the right neighborhoods
* Size up the market and your competition
* Carve out a target market
* Accurately price properties
* Build equity fast with easy improvements
* Create ways to generate more income

Editorial Reviews

From the Back Cover

In 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.

Make Money with Small Income Properties shows you how to grow your fortune by purchasing and managing multi-unit rental properties–from duplexes to twenty-four-unit buildings. Compared to other real estate investments, small income properties offer higher returns, positive cash flows, and easy-qualifying seller financing. The expert guidance you’ll find here illustrates how you can boost property values and increase rent collections through effective and friendly management. This simple-to-follow guide offers the knowledge you need to find properties that will increase in value, manage them effectively (rule one: never think of yourself as a landlord), and maximize your profits. Make Money with Small Income Properties will show you how to:

• Purchase and profit from affordable rental properties
• Develop your entrepreneurial strategy
• Understand the economy and pick the right neighborhoods
• Size up the market and your competition
• Carve out a target market
• Accurately price properties
• Build equity fast with easy improvements
• Create ways to generate more income

About the Author

GARY W. ELDRED, PhD, has been involved in more than a hundred real estate projects as a buyer, seller, or investment consultant. Dr. Eldred has also taught numerous graduate courses in real estate at America’s top universities, including Stanford, the University of Virginia, and the University of Illinois. He is also the author of Make Money with Condominiums and Townhouses and Make Money with Fixer-Uppers and Renovations, and coauthor of the bestseller Investing in Real Estate, Fourth Edition, all published by Wiley.

Product Details

• Paperback: 300 pages
• Publisher: Wiley; 1 edition (July 25, 2003)
• Language: English
• ISBN-10: 0471433411
• ISBN-13: 978-0471433415
• Product Dimensions: 9.1 x 7.5 x 0.5 inches
• Shipping Weight: 10.4 ounces
• Average Customer Review: 4.2 out of 5 stars  See all reviews (8 customer reviews)
• Amazon Best Sellers Rank: #379,449 in Books (See Top 100 in Books)

More About the Author

Gary W. Eldred has been investing successfully in real estate for twenty-five years and has consulted on real estate issues with many Fortune 500 companies. He formerly served on the graduate business faculty of Stanford University and the University of Virginia. He is the bestselling author of Investing in Real Estate, Sixth Edition, The Beginner's Guide to Real Estate Investing, Second Edition, and The 106 Common Mistakes Homebuyers Make (and How to Avoid Them), Fourth Edition, all from Wiley.

Customer Reviews

Most Helpful Customer Reviews

27 of 28 people found the following review helpful:

5.0 out of 5 stars Tons on information in a very readable form, September 7, 2003

By 

"villanova1218" (Aspen, CO) - See all my reviews

This review is from: Make Money with Small Income Properties (Paperback)

As a seasoned investor, author and host of my own Real Estate Investment radio show, I read a lot of Real Estate related books and found this one to be a great addition to my library. It takes an approach that is different from many other books in that it suggests investment in multifamily properties. The author sets forth his reasons and then lays out the plan and approach one must take from initial research to actual management of the properties. While the answers to EVERY question are beyond the scope of any one book, the author covers just about every issue that might crop up as you build your real estate portfolio. If you are new to the industry, you will come away with an understanding of what you need to do to get started including creation of a plan. If you are an experienced investor, you will come away with tips and strategies on how to come away with more income and/or profit on every one of your investments through what the author refers to as strategic marketing. If you don't believe me, feel free to listen to his interview on The Real Estate Investor's Forum by logging on to voiceamerica.com

17 of 17 people found the following review helpful:

5.0 out of 5 stars Create value, Increase net income, October 12, 2003

By A Customer

This review is from: Make Money with Small Income Properties (Paperback)

This is the second book I've read by Eldred. I like his style and thoughtful ideas. Unlike so many get rich in real estate books, Eldred seems to have his feet on the ground, yet he still demonstrates great ideas and techniques for buying, improving, and creating value for properties. This book does not cover "everything you need to know" (what book does?), but it does give you a unique and solid approach to investing smarter and more profitably.

19 of 20 people found the following review helpful:

5.0 out of 5 stars Great book for beginners or pros, September 28, 2003

By A Customer

This review is from: Make Money with Small Income Properties (Paperback)

If you're thinking about investing in real estate, this book will give you a clear path to follow to maximize your profits. I found its strength both in its clearly written explanations as well as the tips and ideas on how to develop an improvement strategy. As a quick read that fully covers the basics, it's the best book on investing in small apartment buildings that I have read. True, as the reviewer below notes, you won't find a bunch of crazy "no credit, no cash" dealmaking tatics here. But you will find substantive content that distinguishes this author from others. Whether investing pro or amateur, I believe you'll come away from this book with insights that will really boost your return potential. I certainly did.