Commercial Real Estate Investing For Dummies For Dummies Business Personal Finance_2

4 Commercial Real Estate Investing For Dummies Part III: Funding Your Deals: Financing and Lending Okay, so you’ve hooked a big deal and are reeling it in. Making sure that you have all the funding you need is critical at this point. In this part, you find out how to get approved for conventional financing. Or, if you like the idea of get-ting creative and buying commercial real estate without using any of your cash or credit, check out Chapter 9. We close out this part with a chapter in which you discover the secrets of raising private capital from outside investors. In it we also show you how to put together profitable partnerships. Part IV: Day-to-Day Ownership and Operations Now that you have bought a property, who’s going to mind the ship? You may be amazed to find out that it isn’t always going to be you! In this part, we cover important points such as how to pick commercial properties that can afford to pay for outside management. And we help you keep tabs on your important investments by revealing our simple “manage the manger” process. In this part, you also uncover the secrets of protecting your assets. Unfortunately in today’s world it isn’t what you make but what you keep that really counts. Finally, you get an insider’s look at something you won’t find in most investing books: the reasons why some properties fail and how you can avoid making the same mistakes. Part V: Kicking Your Investing into High Gear When you start feeling like a pro and you’re ready to jump into the fast lane, this is the part for you. These are the chapters where we really get you up to speed. For instance, we introduce you to commercial fixer-uppers. We also help you discover the insider secrets to taking a piece of land through the approval process so that it can be developed. Owning commercial real estate combined with the ideas Chapter 16 can save you tens of thousands of dol-lars in taxes every single year. Finally, in this part you find out how to jump into a commercial real estate career for extra income or to get an insider’s edge on the deals you’re putting together. Introduction 5 Part VI: The Part of Tens In this traditional For Dummies part, you quickly discover some important information. For example, we provide the top ten ways to increase the value of your commercial properties. We also include ten great organizations that you should consider joining. Icons Used in This Book In this book, we highlight certain types of information with icons so you can find what you’re looking for fast. Here are the icons we use and what they mean: The text highlighted by this icon usually consists of helpful ideas and strate-gies to make your investing easier. This icon highlights important points that are essential to your successful investing. Investing is fun but it also has pitfalls that you need to watch out for, so this icon does the job. When we attach this icon to text, you know that you can be sure to get the real-world scoop from stories and investing ideas that come from Mentorship students and our own deals. This icon reminds you to do more research, hire an inspector, or consult with an attorney or tax advisor. Where to Go from Here 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 any-where 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 I. If you’re more experienced and want to kick your investing into high gear, check out Part V. 6 Commercial Real Estate Investing For Dummies 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 15, 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 devel-opment deals. Part I Getting to Know Commercial Real Estate Investing In this part . . . n this part, we help you understand what types of property make up commercial real estate and also help you get past some of the biggest myths about it. We present information that will enable you to simply and quickly determine the value of any commercial property. After you understand this formula, you’ll be able to confi-dently hold your own while negotiating your way to your newfound fortune. ... - tailieumienphi.vn