Commercial Real Estate Investing
12 Easy Steps to Getting Started
2004. 288 Pages, Softcover
ISBN 978-0-471-64714-0 - John Wiley & Sons
E-Books are also available on all known E-Book shops.
Simple and to the point, Commercial Real Estate Investing presents 12 easy-to-follow steps that anyone can use to build a life of financial independence. Full of real-world examples, insider tips, and tried-and-true advice from one of the most published real estate authors in America, this comprehensive resource covers everything you need to know about profiting in commercial real estate--including financing, valuation, due diligence, leverage, equity, using other people's money, and much more. Packed with fresh ideas, proven techniques, and effective strategies for solving problems during negotiations and making a profit even if you sell for less than you paid, Commercial Real Estate Investing gives you all the tools you need to start amassing your fortune today.
From the contents
CHAPTER 1: How to Get Started Investing in Commercial Real Estate.
Commercial Real Estate Defined.
Investment versus Use.
Setting Realistic Goals.
How to Get the Most out of This Book.
CHAPTER 2: Why Commercial Real Estate Is a Dynamic Investment.
Invested Amount = Cash + Debt + Time.
Other People's Money.
Leveraged Cash Flow.
Appreciation You Can Accelerate.
Management Postures 1, 2, 3, and 4.
Supply and Demand.
The Seven Dynamics of Commercial Real Estate.
How Not to Be Intimidated by Commercial Real Estate.
The Four Real Estate Myths That Need to Be Unveiled.
CHAPTER 3: What Makes Real Estate Value Go Up or Down.
Departments of Transportation.
Fire and Health Codes.
Lack of Concurrency.
Land Use Changes.
Condemnation and Eminent Domain Proceedings.
The Rule of Small.
Six Primary Factors That Make Real Estate Value Go Up or Down.
CHAPTER 4: How to Build an Effective Commercial Real Estate Comfort Zone.
Elements Common to All Initial Comfort Zones.
Key Factors to Becoming an Expert in Your Own Backyard.
Learn How to Let Your Computer Lead the Way to Your Success.
How to Choose Your Comfort Zone.
CHAPTER 5: How to Accomplish Effective Due Diligence.
Due Diligence by Definition.
Letter of Intent.
Inspection and Review Period.
The Eight Most Important Elements of Due Diligence.
The Four Elements to Prepare for Due Diligence.
Eight Things You Can Do When You Find Problems.
CHAPTER 6: The Effects of Leverage.
How Positive Leverage Works to Your Benefit.
Cheap Money + Cash-Flowing Investments = Opportunities.
Three Magical Factors to High Positive Leverage.
How Constant Rates in Mortgages Work.
How to Use the Annual Constant Rate Chart.
How to Determine If Negative Leverage Is Bad.
Six Elements for Maximum Leverage.
Pitfalls in Highly Leveraged Mortgages.
CHAPTER 7: How to Maximize Your Financing.
Wall Street Financing.
Acquisition and Development Loans.
Income and Expense Projections.
Loan Draw Schedule.
Seven Important Factors to Maximize Your Financing.
CHAPTER 8: How to Become a Commercial Real Estate Insider.
A Real Estate Insider Defined.
Local Governmental Control over Real Estate.
The Board of Adjustment.
The Planning and Zoning Board.
The Nine Stages of Becoming a Real Estate Insider.
CHAPTER 9: How to Build Effective Contacts.
Fine-Tune Your Positive Attitude.
Sharpen Your People Skills.
Shorten Your Path to Becoming a Real Estate Insider.
Recognizing Positive People.
Fluid Interim Goals.
Cutting out the Blah Blah Blah.
Ten Ways to Effectively Build a Contact into a Profitable Relationship.
Join Quality-Building Organizations.
CHAPTER 10: The Three Most Important Words: Use, Location, and Approval.
Why Zoning Ordinances Are the Key that Opens the Door to Use.
The Power of Absolute Approval.
CHAPTER 11: Future Vision.
Land Use Master Plan.
Current Uses Allowed.
Already Approved Infrastructure Changes.
Discover the Magic of Economic Conversion.
CHAPTER 12: The Six Most Powerful Negotiating Tactics.
The Six Powerful Negotiating Tactics.