How to Invest in Condominiums: The Low-Risk Option for Long-Term Cash Flow [Kindle Edition]

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.

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.