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Apparently my blog program only lets me type so much before it starts to freak out, so here is the rest of my post…

… I guess the main issue I had with the book was the writing style. The book didn’t seem to fully captivate my interest like a book on this topic should have. I suppose some of it could be attributed to the fact that I read it 15 pages at a time on the bus on the way home from work.

In short, the Virsnieks plan is to essentially buy low, sell high, and use the rent from your tenants to pay the mortgate. To seasoned real estate investors this probably seem like a no brainer. If you fall into this category I would not suggest this book to read. If this seems like a groundbreaking idea, then this book would probably be a great read for you. Personally, I had a teacher in high school of all places enlighten me on this idea first, so the majority of the ideas covered in the book weren’t really much of a surprise to me. I felt that I got some good words of wisdom from the book, but not enough to justify the amount of time invested in it. I wish I would have just read a few choice chapters and been done with it.

When I went to return my most recent book to the library I decided to pick up a new one while I was there. The one that I chose is called “How to invest in Condominiums,” by Andris Virsneiks. I am only 19 pages into it so far, but I have a good feel for it so far. It appears that it will be fairly informative while keeping at a level that will be easy enough for anyone to understand the basic concepts. The author makes is very clear in the first few pages that investing in condominiums is not a difficult task if done correctly.

The sweet thing about this book is that it is a signed copy. That kind of surprises me for a library copy. Maybe someone was bored and decided to forge his signature into the book. The book was written in 2002, conveniently at the beginning of the real estate boom but I’m sure that the majority of this information can be applicable in any market environment. I also found it interesting that the author did his condominium investing in Seattle, which is the area that I am from.