on May 1, 2006
So refreshing to find an author that is not shamelessly hawking fluffy books and get-rich-quick seminars to pad his personal bank account. Michael Zaransky is clearly a serious investor/operator in the student housing sector, and openly shares his experience and perspectives. He doesn't predict or guarantee overnight wealth nor an easy path to accomplish instant success as some no-brainer exercise. As he tells us, it requires up-front analysis, discipline, and involving professionals in the process.
What Zaransky does provide are objective statistics and trends from reputable third parties, along with solid guidelines to make the investing process a prudent one. Using this info and approach, he patiently and with proper due diligence, evaluates each deal on all its merits. He also advocates walking away when the deal doesn't meet the established criteria.
I have been an active player in the student housing market for 30-plus years and found his book to be practical and on the money. I would highly encourage any real estate investor whether novice or seasoned, to take advantage of a great resource.
on November 12, 2006
Michael Zaransky makes a great case in this book for investing in student housing. He provides all the statistics and other factors for investing in student housing right now. He also gives a good overview as to how go about raising the equity and arranging the financing. This overview, however, is very general, and you will soon find out that what he describes in one paragraph could easily fill a whole book. At least it puts you on notice, which is the most important thing. I also would have liked a more detailed explanation as to his underwriting process, but I understand that he can't give away all of his secrets. Overall, this is a very good book for somebody like myself who was looking for some strategy to invest in real estate instead of just looking over broker advertisements as they come across my desk.
on August 12, 2009
This is an excellent book on a special niche of multi-family investing - Student Housing. I was really glad to find this book because there are not a lot of them on this topic. I read it because I wanted to find out what it is that make student housing so profitable. The author has tremendous experience in the area. However, this is not a get-rich-quick scheme. It requires work, dedication, money, and knowledge.
The author argues that the future for student housing is bright. As more students of the Echo Generation are entering college, higher learning institutions do not keep up with the demand for housing, and therefore, rents and cash flow are likely to go up as demand must meet supply.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
on March 23, 2007
I have read many real estate investment books and find this work to be the very best I have ever read. Zaransky instructs the reader on the crutial steps and considerations in making all types of real estate investments. The focus on the hot Student Housing area is very helpful and instructive, but, the principals in the book are useful for all types of real estate investing. Real life examples, words of caution, and many useful Charts and data are most helpful as a guide to successful real estate investing.