Rating: 
Summary: Simply awesome! One of my Top Selections
Review: ...It is obviously written for the individual that is just getting started in rental properties, but that is the intent of the book, and the author makes that very clear on the cover and forward. BUT, then he actually delivers! I have had countless students in my passive income investment courses, and now I intend to add this easy read to my rental income properties classes as a must read! I would have liked to see some more meat in certain chapters, such as how did he construct the financing of his purchases, and possibly a financial blueprint of his year by year ROI as he developed his portfolio. Also, there is little to no mention of the tax implications of his investments, but I can only speculate that they are great. Overall Andris Virsnieks accomplished his mission, and that was to write a "How-To" for the absolute novice! Some of the most important and unique areas of the book involved the detailing of his condominium purchase's, and how he amased his portfolio of rental properties and the cash flow details of each. He then goes on to advise what he learned through each experience, and what he would do differently in hind sight. Adris compares his condominium purchases with traditional single-family style homes, apartments and duplexes. He makes a strong case for the freedom associated with condominiums versus other rental real estate properties. I'm looking forward to a second edition of this book, and hopefully he will include some of the areas suggested above. This is a must buy for anyone wanting to create passive income through rental properties.
Rating:
Summary: How to Invest in Condominiums
Review: A simple enough plan with a simple enough philosophy in an easy to read layout. What more does one need to climb the investment mountain? This book opened my eyes (and soon my wallet) to an investment strategy I'd not considered. And the icing on the cake? It's an extremely easy, nonconvoluted read.
Rating:
Summary: How to Invest in Condominiums
Review: A simple enough plan with a simple enough philosophy in an easy to read layout. What more does one need to climb the investment mountain? This book opened my eyes (and soon my wallet) to an investment strategy I'd not considered. And the icing on the cake? It's an extremely easy, nonconvoluted read.
Rating:
Summary: A real eye-opener for a new investor!
Review: An absolute MUST-READ for renters, owners and investors! Virsnieks' book was a real eye-opener for me as a beginner, taking the scariness out of investing in real esate. He describes his very safe, easy, painless and patient step-by-step method he developed personally for buying one condominium at a time to slowly build up a real estate portfolio. His conversational tone makes his book fun to read. Buy it and read it, it will change your whole outlook on investing!
Rating:
Summary: I didn't know investing like this was possible
Review: Easy? Free lunch? We know that's not possible but this book seems to have a foundation that leans favorably in that direction. A simple enough plan with a simple enough philosophy in an easy to read layout. This book opened my eyes (and potentially soon my wallet) to an investment strategy I hadn't even thought of. The icing on the cake is that it's easy to read and flows nicely. For anyone interested in where they want to put their money and have it grow with minimal risk this is worth checking out.
Rating:
Summary: I didn't know investing like this was possible
Review: Easy? Free lunch? We know that's not possible but this book seems to have a foundation that leans favorably in that direction. A simple enough plan with a simple enough philosophy in an easy to read layout. This book opened my eyes (and potentially soon my wallet) to an investment strategy I hadn't even thought of. The icing on the cake is that it's easy to read and flows nicely. For anyone interested in where they want to put their money and have it grow with minimal risk this is worth checking out.
Rating: 
Summary: Interesting premise, well written, but not perfect....
Review: I enjoyed Andris Virsnieks' book very much. The author writes in an informative, intelligent and down to earth style. His premise is buy brand new condos as investment rental properties, and hire a professional management company to deal with the tenants and the day to day grind. I like it. I like the premise. I like the low involvement approach, and I'm convinced that the author did what he said he did. As opposed to some OTHER real estate authors whose books belong in the fiction section. New buildings should have fewer physical problems and many of those will/should be taken care of by the builder/developer. The author has been sucessful using his techniques and for that I applaud him. There were a few things that I was less than satified with the book. The author only bought 7 or 8 condos and the last one was in 1986. His condo purchases were only in the Seattle, Washington area and some of his experiences and therefore conclusions may not be universal. And lastly though the book was published in 2001, it appears that much of the book was written in 1997 and many of the statistics end in 1996. A re-edited version NOT referring to the last stock market downturn as being in 1987 would have been appreciated. I've owned condominiums myself and currently still own condos. I can attest to the truth and wisdom in Mr. Virsnieks' book. He has a plan, he executes that plan, and has written good accounting of his personal path to a steady income, very little hassle and time, as well as early retirement. This is not a get rich quick book, and the author does not have the bluster of late night informercials; but this is a clear worthwhile read.
Rating:
Summary: An Extremely Valuable and Timely Book
Review: In these days of dismal stock market performance it's refreshing to find an investment that combines safety with good returns. My interest in the good returns available in real estate have always been offset by the amount of effort usually required from its owner. Virsnieks' book has changed that all for me. Here in one place is a comprehensive collection of what every investor needs to know to make money in real estate the low maintenance way. The book is straight forward, easy to read and even the beginner can learn all he or she needs to know to profit from investing in condominiums. It is a wonder how much good, useful information is contained in this book. This book is a real find!
Rating:
Summary: An Extremely Valuable and Timely Book
Review: In these days of dismal stock market performance it's refreshing to find an investment that combines safety with good returns. My interest in the good returns available in real estate have always been offset by the amount of effort usually required from its owner. Virsnieks' book has changed that all for me. Here in one place is a comprehensive collection of what every investor needs to know to make money in real estate the low maintenance way. The book is straight forward, easy to read and even the beginner can learn all he or she needs to know to profit from investing in condominiums. It is a wonder how much good, useful information is contained in this book. This book is a real find!
Rating:
Summary: A real eye-opener for a new investor!
Review: This book is great for someone with no knowledge of real estate investing. I was hoping for something more detailed and useful. I already own a house which i rent out entirely and was considering condo's as an alternative and this book didn't really teach me anything i didn't already know. eg... for the most part is was "this + that - this = profit".
| 
