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Usually ships in 1 business days | | | | | | Thinking about becoming a commercial real estate investor? Commercial Real Estate Investing For Dummies covers the entire process, offering practical advice on negotiation and closing win-win deals and maximizing profit. From office buildings to shopping centers to apartment buildings, it helps you pick the right properties at the right time for the right price.Yes, there is a fun and easy way to break into commercial real estate, and this is it. This comprehensive handbook has it all. You’ll learn how to find great properties, size up sellers, finance your investments, protect your assets, and increase your property’s value. You’ll discover the upsides and downsides of the various types of investments, learn the five biggest myths of commercial real estate investment, find out how to recession-proof your investment portfolio, and more. Discover how to: - Get leads on commercial property investments
- Determine what a property is worth
- Find the right financing for you
- Handle inspections and fix problems
- Make big money in land development
- Manage your properties or hire a pro
- Exploit the tax advantages of commercial real estate
- Find out what offer a seller really-really wants
- Perform due diligence before you make a deal
- Raise capital by forming partnerships
Investing in commercial property can make you rich in any economy. Get Commercial Real Estate For Dummies, and find out how. | | | |
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| | Product Details | | Author: | Peter Conti | | Paperback: | 384 pages | | Publisher: | For Dummies | | Publication Date: | January 03, 2008 | | Language: | English | | ISBN: | 0470174919 | | Product Length: | 7.4 inches | | Product Width: | 0.8 inches | | Product Height: | 9.1 inches | | Product Weight: | 1.23 pounds | | Package Length: | 9.1 inches | | Package Width: | 7.3 inches | | Package Height: | 0.9 inches | | Package Weight: | 1.25 pounds | | Average Customer Rating: |  based on 23 reviews |
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| | Customer Reviews | Average Customer Review: ( 23 customer reviews )
Write an online review and share your thoughts with other customers.
Most Helpful Customer Reviews
36 of 39 found the following review helpful:
 Beware of "shill" reviews on this one Jul 09, 2008
By Tim Hawkins
"Hawk"
I noted that most of the positive reviews occured in a 5 or so day period around the 1st of March -- all are *too* well written to be considered from the 'common' reader. And, each of the reviews only says positive things, where most people would find positive aspects of what was written, and at least one negative aspect. Be aware.
69 of 79 found the following review helpful:
Another High-Priced Sales Pitch Mar 19, 2008
By TexasTransplant
I thought this book was well written. Certainly better than most of the real estate investing books out there.
However, . . . they mention their website a few times in the book and claim to have additional materials and information available on the website that wouldn't fit in the book. When you go the website, you must put in your contact information to access these additional materials. Fair enough.
Later, you will be contacted by a "mentor," offering you the chance to join their coaching program for the bargain basement price of $9800! That's right! $9800.
Plus, as a special promotion, they will only take 50% of the first $100,000 you make in your real estate investing career. (Not sure what they do if you don't make any money.)
I was really disppointed. I thought I had finally come across a well-written book that wasn't just a come-on to get you to join a ridiculously expensive "training progran." I was wrong.
Oh, one more thing. The authors let you know that they are good Christians who give thanks to the Lord. I guess they are extremely thankful that a sucker is born every minute.
35 of 40 found the following review helpful:
They are Obviously Not Commercial Real Estate Professionals May 14, 2008
By Bizminded
"Bizminded"
As a seasoned commercial real estate investor, let me say this is a horrendous book. Much of what they say is just plain wrong. THE REST IS FLUFF AND HYPE. It may sound good on paper but much of their advice will simply not work in the real world.
I bought this for my son to "get his feet wet" and decided to peruse it prior to giving it to him. Thank God I did! It is now in the trash can.
Additionally, much of it is just a sales plug for their other products. After reading it I doubt they are commercial real estate professionals but rather self proclaimed gurus. Those of us "in the know" see right through this book. SKIP THIS BOOK! IF I COULD RATE IT LOWER THAN A 1 I WOULD!
10 of 12 found the following review helpful:
 Good book on commercial real estate Aug 17, 2009
By Mariusz Skonieczny
"Author"
In this book, readers learn how to invest in commercial real estate such as office buildings and apartment buildings. I think that it provides a good introduction to real estate, but I will say that Chapter 13, Why Properties Fail, is the most important one. People tend to get excited about how much money they will make and forget about what can happen when they do not. I really liked how the author said one of the reasons for failure is to forget to run the property like a business. I will add to this a little more because this creates a refinancing risk.
Residential real estate is completely different from commercial real estate. Investors can place a 30-year mortgage on a single-family home and only refinance when the rates drop to a level that it is beneficial to them. However, commercial real estate can only be financed with a 3, 5, or 7-year mortgage meaning that the owner has to refinance after these years. This requirement can have a huge impact on whether you make or lose money. Here is why:
Let's say you buy a commercial property for $3,000,000, and it generates income of $600,000 and incurs expenses of $300,000. So you are left with $300,000, which is your net operating income. Let's say that the bank requires you to put down 25%, which, in this case, is $750,000, and you get a mortgage for $2,250,000. You operate the property for 3 years, and it is time to refinance. But for some reason your real estate taxes, insurance, and other expenses went up from $300,000 to $350,000. Also, you had to lower your rent or you lost some tenants and your income went from $600,000 to $550,000. Now, your net operating income is $200,000 ($550,000 - $350,000), which is less than $300,000 before. You might say this is not big deal because you are still making positive cash flow. I don't agree. This is a huge deal because commercial properties are valued mainly based on income and now your property is not worth $3,000,000 to the bank that will be refinancing the property. With a net operating income of $200,000, the property may be worth only $2,000,000, and this is a problem because you have a loan of $2,250,000. This means that you just lost your entire equity and some more. Now, you cannot refinance because you might not have enough money to pay the first bank, and you cannot sell because the proceeds from the sale will not be enough to pay off the mortgage. This is the problem that experts are discussing on TV during the current financial crisis. They predict that because property values went down, owners will not be able to refinance, and there will be an increase in the number of commercial real estate foreclosures.
If you decide to get into commercial real estate, I would also recommend paying attention to Chapter 18, Ten Ways to Increase Your Property Value.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
9 of 12 found the following review helpful:
A great reference for the beginner or seasoned investor Jan 04, 2008
By S. Ely
"Investor"
This book is structured to help you find, research, negotiate, finance and buy real estate of any type. In the market today, you don't want to risk not having the right information, which can be costly and drastically reduce your profit. This book is clearly laid out and includes tips from years of experience with commercial real estate and their mentorship students.
Face it, we're in this business to be profitable and reading this book will give you the insight and information to let you step ahead of other investors by providing you with a solid core education. The book begins with a good introduction and then explains how to find and contract properties that are profitable from the start with a clear exit strategy. From there, it's in depth due diligence to insure that property is still profitable and even explains how to discover hidden value during this process. The authors then take you through financing and raising capital to the day to day operations (which is where most properties fail). The final chapters discuss creating a self-sustaining investing business that not only allows you to have the wealth and protect it, but the time and freedom to enjoy it.
Overall, this book is a great reference and stepping stone to take action and start investing today or to fine tune your existing investing business and discover more wealth in your portfolio! No book is going to be a 100% bible because real-world experience is the key to learning, but this is the catalyst to get you going.
See all 23 customer reviews on Amazon.com
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