Why are there so few good books on commercial real estate investing?
10 BEST COMMERCIAL REAL ESTATE INVESTING BOOKS#1 Real Estate Finance and Investments by William Brueggeman and Jeffrey FisherThis book is a great read for beginners and seasoned real estate investor alike. Real Estate Finance and Investments has so much information, not only is it a great book to learn how to invest, it is also a great book to reference for more complex equations and financing formulas. That's why we rated this the #1 best commercial real estate investment book.The Fourteenth Edition of Real Estate Finance and Investments prepares students to understand the risks and rewards associated with investing in and financing both residential and commercial real estate. Concepts and techniques included in the chapters and problem sets are used in many careers related to real estate. The material in this edition is also relevant to individuals who want to better understand real estate for their own personal investment and financing decisions.#2 Commercial Real Estate Analysis & Investments by David M. GeltnerLearn to analyze commercial real estate from an investment perspective with COMMERICAL REAL ESTATE ANALYSIS AND INVESTMENTS and its accompanying CD-ROM! Presenting the essential concepts, principles, and tools for the analysis of commercial real estate, this real estate text provides you with the tools you need to understand real estate investments in today's dynamic economy. Studying is made easy with the CD-ROM that provides expanded coverage as well as spreadsheet examples of methodologies, data used in exhibits, lecture slide notes, and answers to study questions.#3 How to Succeed in Commercial Real Estate by John L. BowmanHow to Succeed in Commercial Real Estate is a comprehensive, practical book for those considering entering the field of commercial real estate, those just beginning in the business, as well as experienced brokers and sales managers who want to evaluate and strengthen their current strategies—especially those related to listings, negotiations, contracts, and sales.The author provides a straightforward overview of the business of selling commercial property, including coverage of the four main specialty areas –retail, office, industrial, and investment—as well as crossovers and emerging specialties. Rather than pumping a "get rich quick" approach to selling, the author shows brokers that they don’t have to sacrifice integrity and ethics to remain competitive and deal oriented.#4 The Handbook of Commercial Real Estate Investing: State of the Art Standards for Investment Transactions, asset Management, and Financial Reporting by John McMahanThe Handbook of Commercial Real Estate Investing delivers an authoritative “best practices” approach to the three major areas of the industry: investment transactions, asset management, and enterprise management. Skillfully written by John McMahan, a leader of the U.S. commercial real estate investment industry, The Handbook of Commercial Real Estate Investing presents state-of-the-art methods needed to successfully invest in and manage commercial properties such as office buildings, shopping centers, industrial buildings, apartments, and hotels..#5 The Commercial Real Estate Investor’s Handbook: A Step-by-Step Road Map to Financial WealthYou can now 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.#6 The Complete Guide to Real Estate Finance for Investment Properties: How to Analyze Any Single-Family, Multifamily, or Commercial Property by Steve BergesThis practical, real--world guide gives investors all the tools they need to make wise decisions when weighing the value and potential of investment properties. Written for old pros as well as novice investors, this friendly, straightforward guide walks readers step by step through every stage of property analysis. Whether you are buying or selling, investing in big commercial properties or single--family rentals, you'll find expert guidance and handy resources on every aspect of real estate finance, including: Proven, effective valuation techniques, Finance tips for all different kinds of property, How various financing strategies affect investments, Structuring financial instruments, including leverage, debt, equity, and partnerships, Measurements and ratios for investment performance, including capitalization rates and gross rent multiplier ratios, Future and present value analysis, How the appraisal process works, Primary appraisal methods--replacement cost, sales comparison, and income capitalization--and how to know which one to use, How to understand financial statements, including income, balance, and cash flow, Case studies for single--family rentals, multifamily conversions, apartment complexes, and commercial office space, A detailed glossary of important real estate terminology.#7 Mega-Producer Results In Commercial Real Estate by Robert L. HerdA working blueprint for real estate professionals to successfully enter or transition into commercial real estate. Bob Herd provides a personal handbook reference for those contemplating the switch into commercial real estate with stories and advice from someone in the field. Part One deals with the many aspects of commercial real estate - getting started, making the switch, training, client acquisition techniques, specializations, property valuation methods, tax consequences, a 5-year plan, listing proposals, purchases contracts, success patterns of high-producing commercial agents, and two interviews with veteran commercial brokers. Part Two dives into investment types with single-family homes and condos, apartment complexes, office buildings, retail shopping centers, mini-storage facilities, land sales, and mobile home parks..#8 Principals of Commercial Real Estate Underwriting by Dearborn Real Estate EducationA little old but still an excellent resource for study and reference, covering all major components and topics necessary to successfully underwrite commercial real estate assets..#9 The Advisor’s Guide to Commercial Real Estate Investment by David J. LynnThe Advisor's Guide to Commercial Real Estate Investment is the only single volume A-Z guide to commercial real estate investment available today. It is an invaluable resource for anyone advising investors as well as for those seeking to increase their knowledge of real estate finance.#10 Robert’s Guide to Commercial Real Estate Investments: Insider Secrets to Commercial Real Estate Investing by Robert A. Morse"Over the years I have looked for books on commercial real estate investing. I have discovered there are very few published. There are even fewer with substantial practical and technical content. This is a big business with lots of players but still very little information seems to be printed. The intent of this book is to fill a gap and to give you the basics of Commercial Real Estate Investments from an insider's point of view. This book is written to be useful, informative, and easy to understand. It takes an honest and straightforward approach. I am writing it in the hopes that it will arm you with basic information and dispel some common myths about commercial real estate investments. My intention is to provide you with knowledge and honest opinions that should provide a solid foundation to start working from. This can save a lot of wasted time at the beginning of your commercial real estate investment endeavors and help you on your way to making money."Check Your Property Rates on Oyeok AppAndroid: OYEOK-Real Estate Prices-Rates - Android Apps on Google PlayiOS: OYEOK-Real Estate Prices-Rates - Android Apps on Google Play
What is the best way to purchase NYC residential real estate in order to rent it out?
There's actually 3 parts to getting this right: (1) getting educated on the NYC market, (2) finding the real estate, and (3) hiring the right person to manage the real estate.Part 1: Getting Educated on the NYC Real Estate Markethttp://AddressReport.com (for deep building data, renovation histories, crime reports, subway access, local amenities, area pricing)BrickUnderground (chock-full of NYC real estate guides)http://NY.Curbed.Com (to get a sense for what's "trending")Part 2: Finding the Real Estate Listingshttp://StreetEasy.com - the king of NYC sales listings aggregatorsNYTimes real estate section - still reliablehttp://HomeCanvasr.com - for off-market listingsPart 3: Managing (Renting Out) the Real EstateGo back to StreetEasy and locate properties that seem similar to the one place you've bought and note the names of 6-8 brokers who have made high volumes of (and/or very recent) sales (NOT rentals) in those properties. (The broker who just sold you the unit will likely be on that list, but shouldn't be the only name.)Confirm on AddressReport that these properties share similar qualities, subway access, and neighborhood amenities with the one you purchasedWith these "property comps" in hand, contact each broker on your list and ask if they interview them to determine which would be a good steward of your rental property, things to check for include an understanding of going rental prices for properties such as yours, the process they use to advertise your property and vet applicants, and whom they can refer as a maintenance contact for when things inevitably go wrong and you're not around to fix it (since you don't live in NYC or just don't want to deal with it).
How do I write a convincing real estate investment proposal?
How do I write a convincing real estate investment proposal?here are 5 particular guidelines on the way you should make that essential presentation.1. all through your presentation, make it clear that you know which results the evaluation committee or the board members assume to gain if they support your idea.You have to spotlight your predicted financial and operational outcomes in phrases of the metrics that matter maximumto your target audience. for example, a enterprise angel may be interested by your start-up venture’s anticipated valuation after 5 years while a corporate funding committee may emphasize whether or not your new assignment will exceed the corporate funding hurdle price (as an instance, greater than 15% annual return on capital hired.)2. provide an explanation for how you plan to use the sources you’re requesting.if you’re soliciting for cash, provide a few details on how you may spend it on recruitment, marketing, operations, and so forth. in case you’re asking for human resources (including engineers to paintings to your task) from a corporate funding committee, define the work agenda and perceive mission milestones in which you’ll examine the effects. keep in mind that useful resource carriers are comparing your precise motion plan, now not a wellknown business concept.3. think “lean” and best ask for assets to cover the subsequent section of your movement plan, now not extra.It’s tempting to tell buyers or board participants which you have a huge vision for the future, and that you will create a new multi-million greenback commercial enterprise. but, they'll no longer be eager on investment all your futureresource necessities right after the primary presentation. You need to invite yourself “what is the minimum quantity of assets that my project wishes at this moment if you want to reach the next level?” This is a great instance of lean questioning, and it’s turning into more and more popular when launching start-united states of americaand corporate ventures (see the lean Startup website and book for extra ideas).4. quickly after your presentation, contact target audience members for my part, thank them for his or her time, and ask about areas for development.building a brand new business is not a sprint, it’s a marathon. you will need to provide your proposal commonly beforeyou could acquire assist. in this long method, the pleasant sources of comments are contributors of your target market who can provide you with tips for destiny shows. method them with a nice mind-set that shows your willingness to accept complaint and take some of their pointers on board. besides discussing the contents of your presentation, ask about a way to increase your presentation fashion as properly.5. Don’t assume a quick “yes” or “No.”An investor may sound passionate about supporting your undertaking, but it will take a long time to attain an agreement in writing, such as a term sheet. that is due to the fact traders prefer to see how well you're selling your thoughts and merchandise to others earlier than they dedicate themselves to fund your assignment. prepare your self for a series of “perhaps” type responses from buyers or board contributors at the least for some months. in case you do now not surrender your thought by using then, they're possibly to form a tremendous affect approximately your endurance as an entrepreneur.Related Topics:Townhouses for sale in Mississauga - BramptonDetached Houses for Sale in Mississauga - BramptonLow Commission Realtor in Brampton, Ontario
What are the best markets to purchase real estate to rent out using Airbnb?
There are plenty of real estate markets to dive into for an Airbnb investment. You just have to make sure you’re aware of the laws and regulations regarding short-term rentals in your chosen city. Here are the best Airbnb investment markets of 2018 with high cap rates and high rental incomes:Nashville, TNAirbnb Rental Income: $2,288Median Property Price: $428,107Austin, TXAirbnb Rental Income: $2,058Median Property Price: $428,107Palm Springs, CAAirbnb Rental Income: $4,596Median Property Price: $660,946San Jose, CAAirbnb Rental Income: $4,049Median Property Price: $858,772Santa Rosa, CAAirbnb Rental Income: $3,459Median Property Price: $626,950Portland, ORAirbnb Rental Income: $2,853Median Property Price: $326,333Key West, FLAirbnb Rental Income: $8,617Median Property Price: $1,065,361Of course, you can visit this blog post for more information and details on these chosen cities: Best Real Estate Markets 2018 for Airbnb Investments.
How can real estate be purchased with no money down?
Option 1: Vendor finance. You get the people selling you the property to lend you the shortfall between the price you are paying, and the mortgage you can get. Obviously, this means finding a vendor who is both in a financial position to do so, and willing to!Option 2: Investor finance. You build up relationships with people who trust you to put together deals, and they lend you the shortfall (deposit.) The rates these people would charge you, though, are typically much higher than bank lending for the same amount (in the UK, typically 1-2% per month, payable monthly.)Either way involves you assuming a lot of risk, and only works if either you are letting the property in a way that generates sufficient cashflow to pay off both sets of lenders, or if you have enough cashflow to make such payments yourself.Either way also involves careful legal advice in your State / country.And finally, there's a lot of hard work involved in finding vendors for option 1, investors for option 2, and realtors who are experienced in and willing to work through vendor finance deals.
How to purchase a real estate in less than/or within 10 years?
This question is uncleared. I try my best to answer it. Did you buy your first home? If you have,you don't have to wait to buy another house as long as you have 20% down payment and enough income.Did you file bankruptcy? If you have,you just have to wait 7 years then you can buy real estate again. Please visit BiggerPockets: The Real Estate Investing Social Network for your all real estate related answers.
What is the best way to invest in real estate?
From a distance, investing in real estate does seem very exciting. But it can prove to be a tough endeavor for those who’re starting a new.At the beginning, most investors feel that getting a real estate licence is enough and they can take everything on the go. But that approach is only confusing. It’s sort of like wanting to try out everything in a short span of time with no planning or strategy behind it.With that approach, mistakes are bound to happen. It’s okay, everybody makes mistakes but making one too many can leave you with little or no money, and you don’t want that do you?Are you a new investor? Here are 7 Mistakes Every Real Estate Investor Should Avoid.So if you want to start investing in real estate, where do you begin?The answer is very simple, stick to the basics. There are only two real estate fundamentals involved with starting in real estate. I’m not saying this is your formula for success because you’ll have to try out different strategies.Keeping it simple. Firstly, you have to identify your niche and secondly you have to plan a driving strategy to be successful in your niche.Identifying your nicheMaking a plan of actionThis blog will take you through all of the niches that you can look into when you’re beginning to invest in real estate and the different strategies that you can use.But, first let me paint a scenario for you!As children, all of us loved those every flavor candies, I sure did. When I got a hold of one of those boxes, I wanted to try all those different flavors and get a taste of everything. There were so many choices to pick from.Similarly, there are many choices while investing in real estate. You can choose a niche of your own liking and choose to apply a strategy to it. But unlike candies, you don’t have to try them all out to find out if you like them or not.You have to pick one and stick to it until you gain experience and get better at it. And that is what real estate investing is all about.Remember, choosing one niche helps you narrow down your focus and come up with a better action plan that will help to you make more money.Picking A Niche:When you’re investing in real estate, there are many niches that you can choose from. I have covered some of the basic and common types of property that you are likely to deal with in your line of business. Each of these categories can even be divided further but remember the point that I made earlier, these are just the basics, you can dig down further once you get a strong grip of the basics.Large Apartments:Small Apartments:Multi Family homesSingle Family homesCommercialRaw LandLarge Apartments:You might have seen big apartment complexes in your area as well. Yes, that is what I’m referring to when I say large apartments. This class of property usually is very high end and most people invest in this type through syndicates: a group of investors pooling in their resources. They are costly but they provide a steady inflow of cash after the investment with minimum personal involvement.Small ApartmentsThe difference between a large apartment building and a small apartment building is not very well defined. But usually buildings with 50 or lesser units is considered as small. Investment in such type of property can prove to be tricky because it’s a small investment for big expert investment funds while it’s too expensive for starting newbie. But once the finances are arranged, it can prove to be a worthy investment with great cash inflows.Multi Family Homes:Multi Family homes are usually 2-3 units and are a decent investment to make. Firstly, because you see lesser competition in this category and secondly, you’re able to enjoy the purchasing benefits of a single family home when you’re investing in this type of property. They prove to be a steady source of income and can even be used as a residence.Single Family HomesOne of the most common type of investment property that you’d see many investors dealing in is single family homes.Why is that so?Well, this type of property is usually easy to “buy n sell” and easy to rent out.And it’s relatively easier to arrange the finances for it. However, the cash inflow from this type of investment is not very big. The profits are small and marginal.Commercial:Investments in commercial real estate can vary between sizes and the intentions from the property. Some investors rent out their properties to small businesses for office use while some rent their property out to mega stores and supermarkets. Investment in this type of property is not recommended for those who’re not at a very strong financial position. Why? Because, although the cash flow is consistent when these properties are rented out but they might even remain empty for many months in a stretch.Raw Land:Well, it’s just a piece of land that can be used in many ways to generate profit . It can be worked on and sold for more value, it can be leased or rented out, and it can also be subdivided into smaller plots and then sold.Usually, a common strategy that is applied to raw land by many investors is “buy and hold” which means that they purchase the land and then hold for until it gets them substantial value. This value can increase over time due to a development nearby or a main freeway passing by.I have just outlined some of the very basic niches to start your real estate investment career. In the beginning, all you have to do is pick one niche and start working in the niche. This should be your stronghold, you should form connections, network, and know the in’s and out’s of that niche by heart. Sure, you can expand and test yourself in other niches as well when you’re experienced but when you’re starting in the investment business, sticking to your knitting is the best policy to adopt.Choosing a Driving StrategyNow that you have identified what niche you want to start with, it’s time to work on a driving strategyto get you going. I’ll try my best to keep this as simple as possible and take you through some of the basic strategies that you can adopt. It’s not set in stone to work with a single strategy and instead you can try out various strategies for your investment business.The Buy and Hold Strategy (long term investment)One of the most common forms of strategies involved with investing in real estate is the “Buy and Hold” strategy. The basic idea for this strategy is to buy a property and hold it for a substantial amount of time. During this time, the property can either be rented out or just held vacant until the time it’s value increases significantly.Pros of the Buy and Hold StrategyDecreasing principle balanceIncreasing equityHowever, with this strategy, success is greatly depends upon an investor’s ability to identify good deals. It’s this basic understanding that makes all the difference. So as a starting investor, you should focus on learning how to identify deals, what bad decision you should avoid, and how to estimate expenses on a deal.If you’re able to do that, then my friend, you’ll surely be on your way to master the “buy and hold” strategy and will hopefully be on the road of making more money with your business.The Flipping Real Estate Strategy (short term investment)The second most popular strategy that is often used when investing in real estate is the house flippingstrategy. The basic idea is to purchase a house or a property at a lower price, making a small investment to make the property better and then selling it for a higher price. These type of investments are short term and are linked with your business objective.Rule of Thumb for flipping Houses: Buy the property for 70% of its original value (including investment)But for this strategy to succeed, speed is very important because it’s a short term investment. For you to be a successful house flipper, you can’t wait around and do it passively. You have to buy, make improvements, and sell the property as quickly as possible.The quick shotgun strategy helps you to avoid any monthly charges that might apply to your property, they may include, financing charges, property taxes or any other financial bills that might be due.Pro Tip: If your niche is to deal in single family houses, then this particular strategy is highly recommended for you.The WholeSaling StrategyUsually regarded as the easiest strategy for investing in real estate because an investor dealing wholesales does not actually have to own anything. A wholesaler’s job is to identify a good deal, get a contract for that deal, and then sell it to another investor or retail buyer.The fee of the contract may vary depending upon the size of the deal. However, being successful at wholesaling is not as easy as it sound. It may look easy but the key to being successful with this type of strategy is to continuously seek out newer and better deals and find new buyers for those contracts.Pro Tip: Staying persistent is the key to being successful in wholesaling.Starting in wholesaling is not a hard thing and someone with little financial resources (gotta have some money) can start to deal in wholesales. However, you have to manage your time and resources at the same time to be successful with it. A good amount of time needs to be spent prospecting for newer options while the same amount of time has to be spent in building a marketing funnel.If all of this information is going over your head and is too much to consume at the moment. There’s nothing to worry about. It’s only the beginning and investing in real estate is a learning curve from the beginning till the end. There are no shortcuts to being successful, so be patient. Take your time, step into the unknown waters, and learn to swim with the tide.I believe I have given you everything that you need in order to figure out what investment will work best for you. You can also plan to invest in rental properties. For which you might want to get yourself familiarized on How To Start Investing In Rental Properties.Hope my answer helped you a great deal :) Happy investing :)