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Introduction to Multifamily Ownership | |
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Introduction | |
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Holistic Approach | |
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Background | |
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Market Outlook | |
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Regional Trends | |
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Advantages of Multifamily Ownership | |
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Time and Efficiency | |
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Market Liquidity | |
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Transaction Costs | |
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Concentration of Units | |
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Management and Labor Considerations | |
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Tax and Record Keeping Considerations | |
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Divestiture of Property | |
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Bridging the Gap | |
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Strategies | |
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Leverage-The OPM Principle | |
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Clearly Defined Objectives | |
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Maslow's Hierarchy of Needs | |
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Conquering Your Fears | |
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The Value-Play Strategy | |
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Buy and Hold versus Buy and Sell | |
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Ten Ways to Create Value | |
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Diamonds in the Rough | |
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How to Tell a Diamond from a Lump of Coal | |
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Establishing Your Niche and Locating Properties | |
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Establishing Your Niche | |
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Availability of Resources | |
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Property Size | |
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Property Age | |
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Holding Period | |
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Six Ways to Locate Properties | |
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Real Estate Brokers | |
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Classified Advertisements | |
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Industry-Specific Real Estate Publications | |
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Local and National Web Sites | |
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Associations and Real Estate Investment Clubs | |
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Banks | |
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Financial Analysis | |
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Valuation-How Much is That Property Really Worth? | |
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Two Crucial Principles That Saved Me $345,000 | |
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Valuation Methodologies | |
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Financial Statements | |
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Five Key Ratios You Must Know | |
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The One-Minute Assessment | |
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How to Read Between the Lines | |
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Case Study Analysis | |
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52 Units in Flint-My Way or the Highway | |
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12 Units in Saginaw-Below-Market Rents | |
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16 Units in Beaumont-A Banker's REO | |
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98 Units in Houston-Creating Synergism through Consolidation | |
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Negotiation Strategies and the Due Diligence Process | |
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Five Cardinal Rules of Successful Negotiation | |
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The Due Diligence Process | |
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Financing Your Acquisition | |
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Traditional Financing Alternatives | |
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Secondary Financing Alternatives | |
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Additional Financing Considerations | |
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Closing the Deal | |
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Closing Fundamentals | |
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Closing Credits Can Add Up | |
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Managing Your Property | |
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Hiring a Professional Property Management Firm | |
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Your Role as a Strategic Manager | |
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Expect the Unexpected | |
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Four Effective Exit Strategies | |
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Outright Sale | |
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Refinancing | |
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Equity Partnership | |
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Exchange of Properties | |
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Combining Methods | |
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Five Keys to Your Success | |
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Understanding Risk | |
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Overcoming Fear of Failure | |
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Accepting Responsibility | |
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Willingness to Persevere | |
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Defining Your Sense of Purpose | |
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www.thevalueplay.com | |
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www.symphony-homes.com | |
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Glossary | |
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Index | |