Commercial Real Estate Investing For Dummies. Peter Harris
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Название: Commercial Real Estate Investing For Dummies

Автор: Peter Harris

Издательство: John Wiley & Sons Limited

Жанр: Недвижимость

Серия:

isbn: 9781119858515

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      This book is written so that you can jump into the shallow end, or you can go off the high dive, depending on your experience level. You can begin anywhere you want — none of the chapters need to be read before any of the others. So, if you need a refresher course, start with Part 1. If you’re looking for an easy way to get started, don’t miss Chapter 4, Getting Started by Wholesaling. If you’re more experienced and want to kick your investing into high gear, check out Part 5. Otherwise, simply peruse the table of contents or the index to find what you’re looking for. To understand what commercial investing can do for you, check out Chapter 1. Whatever you do, don’t let this book get out of your hands without reading Chapter 16, which is all about land development. In this chapter, you can find out how some of our most passionate students have made millions — yes, that’s millions of dollars — doing big land development deals.

      Getting to Know Commercial Real Estate Investing

      Discover why commercial real estate is for you

      Getting quickly up to speed on commercial real estate

      Figuring out what properties are worth

      Just Imagine … Commercial Real Estate and You!

      IN THIS CHAPTER

      

Discovering commercial real estate

      

Figuring out how to get started

      

Risk-proofing your investment plan

      Can you imagine yourself in the world of commercial real estate investing? Imagine yourself walking through the lobby of your 100-unit apartment complex. What would it look like and feel like to be pulling into the parking lot of a neighborhood shopping center that’s all yours? Maybe you can imagine that you’re watching video footage from your home computer as your customers enter the security gates of your five-acre self-storage facility. What if this project leads to a life of true prosperity and balance? You’d be able to do things such as drive your kids or grandkids to school every day, maybe even in your pajamas, with a big smile on your face because you’ve invested wisely. Okay, here’s one more scenario that may get you excited: Imagine yourself impacting the lives of hundreds or thousands of kids here and around the world who benefit from your charities, all funded by wealth-building skills and invaluable relationships developed from your commercial real estate investing. Investing in commercial real estate can be the key that allows you to turn these fantasies into your reality.

      In this chapter we'll jump right in and provide an overview that gives you a better understanding of what commercial real estate investing is. We'll show you the different types of investors so that you know what your options are. If part of you is wondering if you can really do this, you'll find the answer to that question right here in this first chapter. (We think you probably can!) Dealing with numbers, types of properties you can invest in, and an overview of how financing works is all coming up in just a few pages. Finally, we'll provide a summary of the risks involved with commercial real estate. Is it all worth it? We obviously think so, but also know that you'll make up your own mind as you read through this chapter (and perhaps the rest of the book).

      Commercial real estate is many things. It’s office buildings, apartment complexes, shopping centers, warehouses, industrial parks, hotels, motels, resorts, and the list goes on and on. It’s where businesses are conducted and where many people live together. Commercial real estate is everywhere. (Jump to Chapter 2 for a journey through all the different types of commercial real estate that are available.)

      Commercial real estate is also a means of building long-lasting wealth for the investor. To us, long-lasting wealth is an investment that pays you every month. It’s also one in which the value increases every year. Compare this to other types of investments such as stocks where if you draw a monthly payment, you have to be careful the balance doesn't go down year by year until the pot’s empty. That’s not true wealth at all. In this book, we show you how commercial real estate has the ability to generate sizable cash flow every month as well as increase in value every year (and to be tax free!). We challenge anyone to find a better way out of the rat race than to invest in commercial real estate.

      Commercial real estate can afford you a wonderful and fulfilling professional career that’s second to none. And besides being enjoyable, commercial real estate investors are among the highest paid professionals in the nation. In fact, it isn’t uncommon for a commercial investor’s check from just one closing to equal an engineer’s annual salary. Many of our mentoring clients have joined “The Quitters Club” by saying goodbye to their 9 to 5 jobs.

      As you’re out and about, start looking around at all the commercial real estate that you see. When you go to the shopping center, notice what space is leased out. What buildings aren’t fully leased? Why might that property be having trouble? After you realize that an investor owns every building, it’s difficult to not think about owning your own commercial properties someday.

      When choosing to make an investment in anything, you have to take several things into consideration. You consider your reasoning or motivation for investing, the cost, and the timing. Well, the same applies for commercial real estate. In fact, you may find that you have too many choices simply because there are so many different ways to profit in this field. The following sections go over some of the most common questions you may have when deciding which part of commercial real estate is right for you.

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