Investing in Income Properties

Copyright © 2017 by Kenneth D. Rosen. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.

Published simultaneously in Canada.

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Library of Congress Cataloging-in-Publication Data

Names: Rosen, Kenneth D., author.

Title: Investing in income properties: the big six formula for achieving wealth in real estate / Kenneth D. Rosen.

Description: 2nd Edition. | Hoboken: Wiley, [2017] | Revised edition of the author’s Investing in income properties, c2008. | Includes index.

Identifiers: LCCN 2016058038 (print) | LCCN 2016059764 (ebook) | ISBN 9781119390572 (cloth) | ISBN 9781119390596 (pdf) | ISBN 9781119390589 (epub)

Subjects: LCSH: Commercial real estate – United States. | Real estate investment – United States.

Classification: LCC HD1393.58.U6 R67 2017 (print) | LCC HD1393.58.U6 (ebook) | DDC 332.63/24 – dc23

LC record available at https://lccn.loc.gov/2016058038

As you read this book, you'll understand how important it is to assemble the right team to help you with your real estate investments. The right team was also crucial in the writing of this book, and I am most grateful to all those who shared their expertise, advice, and inspiration as this project unfolded.

I am especially grateful to my personal editor, Mary Dempsey, who worked tirelessly day and night. Without her, this book would not have been possible. Mitch Chefitz planted the seed for the book, and Bill Falloon at John Wiley & Sons made sure it saw water and sunshine. Many thanks to Taylor Larimore for recommending me to Bill, and to Emilie Herman, Laura Walsh, Christina Verigan, Kathryn Hancox, and Michael Henton at John Wiley & Sons for their editing and excellent follow-up work.

I regret that two friends, my mentor David Probinsky, who always was an inspiration, and Philip A. Thomas, who shared a depth of knowledge and wisdom with me, did not live to see this book's publication. Their impact on my career was considerable.

Between the book's first publication and this updated version, I also lost another close friend who offered tremendous support with this project. Dick Weiner, who recommended Mary Dempsey to me, also served as my sounding board, coach, and confidant, and he kept me on track.

Jason Krieger, a skilled wordsmith and my technology connection, burned the midnight oil with me on more than one occasion. My longtime attorney Joe Reisman has offered his wise counsel throughout my career.

I am grateful to real estate investor Phyllis McHenry, who devoted many hours reviewing technical material in the book and making suggestions that were very important to the final text. And Robert Rivera brought his exceptional graphic design skills in creating a cover for the book.

I would be remiss if I did not acknowledge the many other colleagues and friends who helped me bring this book to fruition. They include: Gina Anderhub, Alicia Baro, David Dabby, Rosie DeRosa, Tony DeRosa, Anthony Dilweg, Tom Dixon, Bob Gallaher, Bobby Glick, Julian Goldstein, Sandra Goldstein, Phil Leitman, Hal Lewis, Joe Martinez, Ed Mazzei, Ted Pappas, Jim Pollack, Andy Roberts, Britt Rosen, Al Sherman, Saul Silverman, Scott Sime, Herbert Lee Simon, Ashley Socarras, Debra Spadafora, Cliff Suchman, Larry Suchman, Bob Valledor, Ana Vega-Garcia, Maurice “Moe” Veissi, Roger Villarreal, and Martin Waas.