INVESTING IN INCOME PROPERTIES: The Big Six Formula for Achieving Wealth in Real Estate
Miami, FL (PRWEB) October 3, 2008
"Nothing is certain but death and taxes," said Ben Franklin. But as counter-intuitive as it may seem these days, there is one certainty for smart investors: real estate. Wait, it's not the real estate everyone is buzzing about, the housing bust that brought on the subprime crisis. Rather it is investment in high quality commercial income properties in prime locations. While nearly everyone is running from real estate because of the housing market debacle, a savvy group of investors are putting their money where it will make money. That is commercial real estate.
In his new book, "INVESTING IN INCOME PROPERTIES: The Big Six Formula for Achieving Wealth in Real Estate," author and investor Kenneth D. Rosen explains why income properties are more profitable and secure than any other investment during these troubled economic times.
With inflation currently running at 5.6 percent and banks paying 3-4 percent interest on CDs and other investment tools, most people are facing a negative return on their money. The current volatility on Wall Street, meanwhile, has investors' heads spinning, with record-setting rises and falls becoming the norm. Going forward, stable double-digit percent returns from stocks - or from bonds - are wishful thinking. But there is one investment worth making: high-grade income properties in top rate locations. These properties are not just for the wealthy. They can be acquired with a cash investment as low as $100,000 and render a return that far surpasses other investments.
How does a novice investor know the right property to buy? Rosen explains this step-by-step in his book, using down-to-earth language. He also explains how to find seed money for the investment, how to close a deal, the pros and cons of managing a property, the way to evaluate when it is time to sell and much more. Like any investment, you need to know what you're doing if you want commercial real estate to put you on the path to riches. That's where "INVESTING IN INCOME PROPERTIES" comes in. http://investinginincomeproperties.com/
Kenneth D. Rosen (Coral Gables, Florida) is Founder and President of Kendar Realty.Inc, Inc. He has bought and sold $300 million in investment real estate over the past 30 years. His investments include apartment and office buildings, retail store centers, and warehouse properties. He is past president of the Realtor Association of Greater Miami and the Beaches and recipient of numerous awards. He was one of the pioneers in condo conversions and converted 1,700 units in 22 apartment complexes. Rosen is also the author of Condominium Conversions.