The Income Stream - Softcover

Goodman, Robert M.

2.8

5 ratings by Goodreads

Softcover

ISBN 10: 0966447476 ISBN 13: 9780966447477

Publisher: Brookstone Pubns, 1999

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The Income Stream is written and designed to help you know how to select and evaluate good real estate investments. It is presented in a serious, yet simple no-nonsense, easy to grasp manner. It will give you a beginning understanding of the techniques of investment evaluation used by the pros.

This is not a real estate technical manual filled with elaborate theories and formulas. This is not a book on "How to Get Rich in Real Estate". Rather, it will help you to understand the analysis process. The "Get Rich in Real Estate" part will take care of itself.

The Income Stream takes you beyond the 'thumb-rules' and 'quick-multipliers' to the solid techniques used today by successful real estate investors. After giving you a clear, concise understanding of the valuation process, it teaches you; (1) how to find a good potential investment, (2) how to understand and uncover its real yields and (3) how to value them. It will also give you a broad understanding of how to deal with risk.

The Income Stream will prepare you to enter, with a giant leap forward, the world of real estate investing. Enjoyed previously by only the few, you may have this advantage if you will take the time to know. Thanks to the computer and modern techniques, this process has become relatively easy.

The Income Stream will also help you to develop your philosophy of investing and give you a foundation of understanding that will help you in all phases of your financial activity.

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From the Publisher:

Good investments in nearly every neighborhood in America await the savvy amateur real estate investor. That is the underlying message of our new book to be released December 1998. The Income Stream by Robert M. Goodman (Brookstone Publications, 3100 Padre Blvd., South Padre Island, TX 78597) spells out the way to successful purchase of property, even if the buyer has had little prior experience.

Much more is involved than simply "a good price," Goodman explains. "By identifying and understanding a property's real income, anticipating the investment curves, and establishing value according to income, a buyer's risk can be significantly reduced."

Robert Goodman, a realtor for 38 years, has been the developer and general partner of 21 major apartment and office complexes throughout the Southeast. With experience leading hundreds of real estate workshops, Goodman explains the ins and out of what is called The Internal Rate of Return, a concept used by big real estate companies but not used or understood very widely by individual small investors.

The Income Stream offers a point-by-point explanation of the IRR, as it is called. Quick following are worksheets of a software program, REA/L ESTATE ANALYSIS SOFTWARE, which demonstrate how the IRR may be arrived at.

The author takes the reader through all the pitfalls of buying real estate, from slick salespeople and leaking pipes, to common mathematical miscalculations and wrong-headed thinking about "value" and "income" from property. He discusses tax realities and the dangers of poor property management.

"Real estate, as an investment category, is the most consistent, highest after-tax yielding producer of wealth in our economy," Goodman comments. "It's surprising that so little guidance to date has been offered novice investors."

Available in paperback, The Income Stream seeks to remedy that dearth of information. It does not make the reader an expert but it does open the door of understanding to a new and fascinating world of investing.

From the Author:

For some time now whenever anyone had money to invest their investment sources were primarily stocks, bonds, mutual funds and money markets. Very little was offered in privated invesment real estate. That seems strange in light of the fact that, historically, real estate is the most consistent producer of real after-tax wealth.

High risk, poor liquidity and management concerns seem to characterize private real estate investments, making them, presumably, not for the average investor. A bad rap for real estate because, in reality, there are many good investments in nearly every neighborhood in America. Marvelous opportunities to own real 'kick-the-bricks' type investment instead of 'a piece of paper and a promise.' For years these opportunities have been guarded by the few who understand how to determine and make the most from investing in real estate.

That could take a dramatic change soon thanks to the computer and our new book titled "The Income Stream."

You will gain an understanding of the income capitalization system known as the Internal Rate of Return. This 'Discounted Cash Flows' technique has been around for a while but not readily used because of its complexity. There is little dispute that this system is the most accurate of all investment real estate evaluation systems thus far contrived. It is used extensively by most of the big real estate holding companies.

"The Income Stream" will not make the reader an expert but in the 214 pages of large print the door of understanding will be opened to the fascinating world of real estate investing.

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