How to Invest in Condominiums

Preface. Introduction. Chapter 1. Not a Bear or a Bull, but Always a Cash Cow. Chapter 2. Seven Easy Condominiums. Chapter 3. Principles for Selecting the Right Condominiums. Chapter 4. Why Condominium Investments Succeed. Chapter 5. Why Condominiums and Not Apartments or Houses? Chapter 6. Condominiums versus Stocks and Bonds. Chapter 7. What Next and How Far Can You Go? Chapter 8. An Act of Faith Is Still Required. Epilogue. Appendix A: Negative Cash Flow but Still Making Money. Appendix B: Positive Cash Flow--Rent 10% Higher Than in Appendix A. Appendix C: No Leverage--Same As Appendix A Except No Mortgage Payment. Appendix D: Worst-Case Scenario without Leverage--Same as Appendix C Except No Rent. Appendix E: Fifty Percent Increase in Rent--with Leverage. Appendix F: Fifty Percent Increase in Rent--Same as Appendix E but without Leverage. Appendix G: Worst-Case Scenario with Leverage--Same as Appendix A Except No Rent. Appendix H: King County Home Sales, Seattle Post-Intelligencer, February 28, 1997. Appendix I: Rate of Return on Investment from Rent (Net Income) and Price Appreciation. Appendix J: Rate of Return Calculation for Condominium Number 2. Appendix K: Rate of Return Calculation for Condominium Number 5. Appendix L: More Recent News about Condominiums and Real Estate. Glossary. Endnotes. Index.

ANDRIS VIRSNIEKS is a former accountant for Boeing and a former cost analyst for the Department of Defense. His method for buying and holding condominiums, as described in this book, allowed him to retire at an early age.