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YEC Reads: Expandability of Investment Real Estate by Nikita Zhitov

YEC Reads: Expandability of Investment Real Estate by Nikita Zhitov

Welcome to "YEC Reads," a series presenting business books for entrepreneurs authored by members of YEC. Today's pick:

Expandability of Investment Real Estate

by Nikita Zhitov

March 26, 2020

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Our Take:

In Expandability of Investment Real Estate, YEC member Nikita Zhitov offers real estate strategies to benefit new and seasoned real estate enthusiasts and help them maximize returns.

About This Book:

Unlike many businesses that are not backed by real assets, real estate investing in general is a sure way to build wealth over time. But making money with real estate is often seen as a slow and lengthy process that requires a large upfront investment. Many investors-especially younger ones-want instant gratification. Nikita S. Zhitov, a professional real estate investor and developer, shares numerous ways to speed up the pace of profits in this guide for real estate entrepreneurs. He explores how to:

  • Free up hidden income by appealing property tax assessments;
  • Create space for an ATM machines on properties;
  • Lease rooftop areas for cell tower usage;
  • Acquire land virtually for free through timbering and subdivisions;
  • Sub-meter utilities to turn an uncontrollable line item expense into an income source;
  • Many other industry-specific tricks how to multiply equities and cashflow in your real estate holdings.

About the Author:

YEC member Nikita Zhitov, principal at CityPlat, is a commercial real estate developer. He has been a commercial broker, investor, and developer since 2004.

If you are a Young Entrepreneur Council member who has published a business book, contact the YEC concierge to learn how to get it featured in this column.

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