REAL ESTATE INVESTMENT FOR THE '80S: How to Build Financial Security in the Face of Inflation by Douglas M. Temple

REAL ESTATE INVESTMENT FOR THE '80S: How to Build Financial Security in the Face of Inflation

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KIRKUS REVIEW

As of now, it's hard to say anything really new about real estate investment as a hedge against double-digit inflation. Nonetheless, Professor Temple (Business, Golden Gate University) manages to cover the requisite ground in systematic, comprehensible, and responsible if somewhat pedestrian fashion. Appraised in detail, for example, are opportunities in residential housing (including mobile homes), vacation homes, apartments, condominiums, commercial structures, and raw land. At the outset, Temple suggests ways in which beginners with short bankrolls can secure start-up funds: e.g., by taking a second mortgage on the equity in one's onw home, by borrowing against a vested interest in a pension plan, or by selling off unneeded assets. He also discusses the pros and cons of limited partnerships, leverage, refinancing, and contract purchases. He even explains how a successful operator can become a smart-money lender. Particularly helpful is the material, illustrated by case studies, on cash-flow forecasting, liquidations, and tax-deferred exchanges. The sample analysis forms included facilitate determining the investment values of different kinds of property. A ready-reference text that merits shelf space alongside Harney's Beating Inflation with Real Estate (1979), the soundest and most complete guide of recent years.

Pub Date: March 1st, 1981
Publisher: Contemporary Books