 | Summaries and Customer Reviews are supplied by Amazon.com | February 22, 2006 - Annual investment returns for U.S. holdings in commercial real estate hit an unprecedented high of 34 percent in 2005, the MIT Center for Real Estate announced today. Now you can discover how to make money investing in commercial buildings, warehouses, apartments, mobile home parks, shopping centers, hotels, and other commercial income property. This comprehensive book provides invaluable information about how to identify opportunities, determine property value, acquire, finance, and manage commercial real estate. This book is a must-have for beginning investors, real estate veterans, commercial brokers, sellers, and buyers. Real estate investing has created more millionaires than any other investment vehicle in this country. This comprehensive step-by-step proven program shows beginners and seasoned veterans alike the ins and outs of commercial real estate investing. This book is a road map to successful investing in real estate. You do not need to re-invent the wheel, and you won t have to make the same mistakes others have. Investing in real estate is one of the safest and smartest investments you can make. Real estate appreciates at a rate far greater than the rate of inflation, builds equity, provides a steady return on investment, provides cash flow, and can offer substantial tax benefits. This new exhaustively researched book will arm you with hundreds of innovative ideas that you can put to use right away. This book gives you the proven strategies and actual case studies from experts to help you invest better and wiser with less time and effort. A sampling of what is covered in this encyclopedic book includes: how to find below-market deals, how to invest with little or no down payment, how to obtain seller financing, and how to conduct foreclosures and REOs. Once you have found your investment property, you will know how to negotiate, how to make purchase offers, how to manage a rental property, and how to flip. These terms will become part of your everyday vocabulary: auction, tax sales, financing, mortgage, agent, cash flow, inspection, contract, tenant, lease agreement, insurance, taxes, accounting, and escrow. Also included is information on development, taxation, and exchange rules and regulations. This book is loaded with case studies and success stories--from real people--as well as essential mathematical calculations and sample forms. You will uncover secrets that expert real estate investors use every day. This comprehensive resource contains a wealth of modern tips and strategies for getting started in this very lucrative area. This book is the foundation for understanding how to invest in real estate. |
Average Customer Rating:   limited details, very basic info you could find on the web I guess I should've known better to look at the author's credentials before I purchased the book. Steven D. Fisher is an independent writer, illustrator, and instructional designer. (exerpt taken from the book bio at the back) Not necessarily the best person to learn the complexities of commercial real estate from. The book had some useful business and very basic real estate refresher type material but lacked the details I was expecting to find for a book entitled 'The Commercial Real Estate Investors Handbook'. I have a background in commercial real estate finance and found the lack of detail in the 'commercial loan documents' section neglecting critical details about how loan documents can make or break a deal and you as the investor. If you know absolutely nothing about commercial real estate, this book would be helpful as a simple introduction but nothing more. Fabulous book about commercial real estate I think this is one of the most comprehensive books on commercial real estate, but it is not like a textbook either. It includes everything that beginning and seasoned real estate investors need to be successful in the field of commercial real estate. Property types discussed are apartments, office, retail, industrial, and raw land.
I liked how the author is honest with readers about what it takes to be successful because other authors simply promise the sky just so that they can sell books or other products. He says that investors need knowledge because the lack of it leads to poor investments. In other words, ignorance is expensive. Second, they need significant capital because real estate professionals are not going to take them seriously.
Don't bring your no-money-down schemes into this game. If you have no money, you do not belong in this game. You need be prudent and save as much as you can. One option is to start off in residential real estate to build capital. The author also explores different career options to gain experience. I personally think that getting a job in the industry is the best way to learn the ropes. It's easy to get into it as an assistant to a broker or appraiser. Don't worry too much about pay because you can gain valuable experience.
- 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 An Invaluable Investment Guide When a book claims to be "a step by step road map to financial wealth," one might raise a cynical eyebrow and move on. Doing so in the case of Steven D. Fisher's The Commercial Real Estate Investor's Handbook would be foolish. This is no get rich quick manual, however, and Fisher is clear to point out that winning in commercial real estate requires hard work, a determined effort, and the proper mindset.
Borrowing concepts espoused by wealth producing experts Napoleon Hill, Stephen R. Covey, Dale Carnegie and others, Fisher has created a powerful step-by-step commercial real estate guide by implementing classic self-improvement principles and applying them to a specific field.
Highlights include a mindset questionnaire, how to get started, career options in real estate, sources available, different types of financing, negotiating, and closing the deal. Unlike most real estate investment handbooks, Fisher explains how to manage the property after the purchase, and how to sell it down the road.
The ultimate question is whether or not an average person could take the information contained in The Commercial Real Estate Investor's Handbook and transact a profitable deal. If you're looking to invest in commercial real estate or are open to new methods of amassing wealth, I suggest you pick up the book, and find out for yourself. You'll be very pleased.
Pleasantly Surprised! Before I started reading "The Commercial Real Estate Handbook for Investors," I tried to prepare myself for a "dry read". However, I was pleasantly surprised. The concepts and explanations are written in a crisp and conversational tone. The author also explains the buzz words in real estate and how it pertains to the bottom line of your investment strategy. This book has it all, from goal setting to definitions of real estate terms to sample emails that should be sent to keep a deal alive. Do yourself a favor and buy this book. The concepts are such that you can apply them to not only real estate but other types of business as well. A Good Read - 5 star rating Five of five stars! This book covers the risks and rewards of real estate investing, along with types of investments, the basics of getting started, factors affecting commercial real estate values, understanding real estate market psychology, sources of financing, finding profitable deals, and financing. In short, it covers everything a beginner would need or want to know before embarking on this type of investment.
That's not all it covers. There's also information about commercial real estate loan documents, an explanation of leases, negotiating purchase agreements, managing tenants, insurance, sale of commercial real estate properties, marketing real estate properties, and taxes. Two appendices include sample lease forms. A glossary is beneficial to beginners who haven't yet mastered real estate and investment terminology.
The Commercial Real Estate Investor's Handbook: A Step by Step Road Map to Financial Wealth is definitely not boring or dry. It's an interesting, practical and informative book that anyone considering real estate investing should invest in (no pun intended).
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