Product Description

Follow a proven path to greater wealth--with the newly updated bestseller How to Buy and Sell Apartment Buildings

Through his popular seminar program, Eugene Vollucci has shown thousands of experienced real estate investors and novices alike how to take advantage of one of the most rewarding investments you can find--apartment buildings. In this bestselling guide, the Volluccis’ simple, step-by-step program shows you how to become a real estate millionaire just like they did. With material on new IRS rulings, tips on avoiding common pitfalls, and new advice on assuming loans with delinquent clauses, How to Buy and Sell Apartment Buildings is more comprehensive and complete than ever.

This Second Edition includes all the information that you need to find great real estate deals, understand complicated leases and contracts, exploit all the tax breaks you’re entitled to, protect your assets, and turn a small investment into millions! With the Volluccis’ straightforward, three-step system, you’ll be able to:

• Gauge markets so you know when to buy or sell
• Read between the lines of property set-up sheets to spot good properties
• Use the latest computer software to accurately evaluate properties
• Develop a marketing plan to maximize profits when selling
• Take advantage of all the recent tax law changes
• Put together an asset protection plan that’ll make you judgment-proof

How to Buy and Sell Apartment Buildings, Second Edition also shows you how to concentrate your assets for higher returns, use consultants so you aren’t left on your own, set up a family living partnership to protect your assets, and much more.

Product Details

• Amazon Sales Rank: #381531 in Books
• Published on: 2004-06-03
• Original language: English
• Number of items: 1
• Binding: Paperback
• 240 pages

From the Back Cover
Follow a proven path to greater wealth–with the newly updated bestseller How to Buy and Sell Apartment Buildings

Through his popular seminar program, Eugene Vollucci has shown thousands of experienced real estate investors and novices alike how to take advantage of one of the most rewarding investments you can find–apartment buildings. In this bestselling guide, the Volluccis’ simple, step-by-step program shows you how to become a real estate millionaire just like they did. With material on new IRS rulings, tips on avoiding common pitfalls, and new advice on assuming loans with delinquent clauses, How to Buy and Sell Apartment Buildings is more comprehensive and complete than ever.

This Second Edition includes all the information that you need to find great real estate deals, understand complicated leases and contracts, exploit all the tax breaks you’re entitled to, protect your assets, and turn a small investment into millions! With the Volluccis’ straightforward, three-step system, you’ll be able to:

• Gauge markets so you know when to buy or sell
• Read between the lines of property set-up sheets to spot good properties
• Use the latest computer software to accurately evaluate properties
• Develop a marketing plan to maximize profits when selling
• Take advantage of all the recent tax law changes
• Put together an asset protection plan that’ll make you judgment-proof

How to Buy and Sell Apartment Buildings, Second Edition also shows you how to concentrate your assets for higher returns, use consultants so you aren’t left on your own, set up a family living partnership to protect your assets, and much more.

About the Author
EUGENE E. VOLLUCCI is the founder of Cal State Companies and Director of the Center for Real Estate Studies, a nonprofit organization. Mr. Vollucci has more than thirty-five years of experience as an IRS-enrolled agent with the Treasury Department and is an active real estate broker. He has personally prepared thousands of tax returns and has bought and sold over $450 million worth of real estate.
STEPHEN VOLLUCCI is President of Cal State Properties, Inc., a commercial real estate brokerage firm specializing in the acquisition, oversight, and disposition of multifamily real estate investments. He consults property owners on how to successfully manage their multifamily and commercial properties and increase their revenue.

Customer Reviews

This DAWG "Don't Hunt!!!!!!
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.

Not for beginners
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.

Interesting ideas and resources, but not detailed enough
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.