| Introduction |
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1 | (4) |
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2 | (1) |
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3 | (1) |
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3 | (2) |
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BOOK 1 GETTING STARTED WITH REAL ESTATE INVESTING |
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5 | (94) |
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Chapter 1 Evaluating Real Estate as an Investment |
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7 | (18) |
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Understanding Real Estate's Income- and Wealth-Producing Potential |
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8 | (2) |
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Recognizing the Caveats of Real Estate Investing |
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10 | (1) |
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Comparing Real Estate to Other Investments |
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11 | (7) |
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12 | (1) |
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12 | (1) |
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13 | (1) |
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13 | (1) |
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14 | (1) |
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Opportunities to add value |
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14 | (1) |
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Being aware of the tax advantages |
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14 | (4) |
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Determining Whether You Should Invest in Real Estate |
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18 | (3) |
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Do you have sufficient time? |
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19 | (1) |
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Can you deal with problems? |
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19 | (1) |
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Does real estate interest you? |
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19 | (1) |
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Can you handle market downturns? |
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20 | (1) |
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Fitting Real Estate into Your Plans |
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21 | (4) |
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Ensuring your best personal financial health |
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21 | (1) |
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Protecting yourself with insurance |
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22 | (1) |
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Considering retirement account funding |
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23 | (1) |
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Thinking about asset allocation |
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23 | (2) |
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Chapter 2 Covering Common Real Estate Investments |
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25 | (20) |
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Identifying the Various Ways to Invest in Residential Income Property |
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26 | (9) |
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Buying a place of your own |
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26 | (1) |
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Converting your home to a rental |
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27 | (1) |
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Investing and living in well-situated fixer-uppers |
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28 | (1) |
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Purchasing a vacation home |
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29 | (2) |
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Paying for timeshares and condo hotels |
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31 | (4) |
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Surveying the Types of Residential Properties You Can Buy |
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35 | (6) |
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36 | (1) |
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37 | (2) |
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39 | (2) |
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Considering Commercial Real Estate |
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41 | (1) |
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Buying Undeveloped or Raw Land |
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42 | (3) |
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Chapter 3 Building Your Team |
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45 | (18) |
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Knowing When to Establish Your Team |
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46 | (1) |
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47 | (1) |
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Finding a Financial Advisor |
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48 | (2) |
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Lining Up a Lender or Mortgage Broker |
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50 | (2) |
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Understanding lending nuances |
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50 | (1) |
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Building relationships with lenders |
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51 | (1) |
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Working with Brokers and Agents |
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52 | (7) |
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Seeing the value of working with an agent |
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53 | (1) |
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Grasping the implications of agency |
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54 | (1) |
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Getting a feel for compensation |
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55 | (2) |
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Finding a good broker or agent |
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57 | (2) |
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Making the most of your agent's services |
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59 | (1) |
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59 | (2) |
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61 | (2) |
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Chapter 4 Financing Your Property Purchases |
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63 | (20) |
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Taking a Look at Mortgage Options |
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63 | (7) |
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64 | (2) |
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Adjustable-rate mortgages (ARMs) |
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66 | (4) |
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Reviewing Other Common Fees |
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70 | (2) |
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Making Some Mortgage Decisions |
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72 | (3) |
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Choosing between fixed and adjustable |
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72 | (2) |
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Selecting short-term or long-term |
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74 | (1) |
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Borrowing Against Home Equity |
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75 | (1) |
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Getting a Seller-Financed Loan |
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76 | (2) |
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Mortgages That Should Make You Think Twice |
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78 | (5) |
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78 | (1) |
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79 | (1) |
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80 | (1) |
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81 | (2) |
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Chapter 5 Grasping the Legal Fundamentals of Managing Residential Rentals |
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83 | (16) |
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Running Your Operation as a Corporation or LLC |
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84 | (1) |
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Taking Ownership of a Rental Property |
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84 | (2) |
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Avoiding the Legal Pitfalls of Managing Residential Rental Properties |
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86 | (1) |
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Obeying fair housing laws |
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86 | (3) |
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Setting rents and payment policies |
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89 | (1) |
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89 | (1) |
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Drafting a lease or rental agreement |
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90 | (1) |
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Managing security deposits |
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91 | (1) |
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Moving tenants in and out |
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92 | (2) |
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Fulfilling your maintenance and safety obligations |
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94 | (3) |
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Dealing with cotenants, sublets, and assignments |
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97 | (1) |
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Terminating rental contracts |
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98 | (1) |
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BOOK 2 WELCOME HOME: BUYING A HOUSE |
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99 | (86) |
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Chapter 1 Knowing Where and What to Buy |
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101 | (38) |
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A Crash Course on Factors Affecting a Home's Value |
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102 | (1) |
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Location, Location, Value |
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103 | (4) |
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Checking out the characteristics of good neighborhoods |
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104 | (1) |
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Selecting your best neighborhood |
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105 | (2) |
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Fundamental Principles for Selecting Your Home |
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107 | (4) |
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The principle of progression: Why to buy one of the cheaper homes on the block |
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107 | (2) |
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The principle of regression: Why not to buy the most expensive house on the block |
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109 | (1) |
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The principle of conformity: Why unusual is usually costly |
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110 | (1) |
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111 | (16) |
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111 | (6) |
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117 | (7) |
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124 | (3) |
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127 | (12) |
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128 | (3) |
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Taking over a foreclosure |
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131 | (3) |
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134 | (5) |
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Chapter 2 Determining a House's Worth |
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139 | (20) |
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Preparing to Tour an Endless Parade of Homes |
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139 | (1) |
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The Three Elusive Components of Worth |
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140 | (3) |
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141 | (1) |
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141 | (1) |
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Price is what ifs worth today |
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142 | (1) |
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Explaining Fair Market Value |
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143 | (3) |
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When fair market value isn't fair: Need-based pricing |
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144 | (1) |
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Median home prices versus fair market value |
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145 | (1) |
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Figuring Out Fair Market Value: Comparable Market Analysis |
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146 | (7) |
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The basics of a helpful CMA |
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146 | (5) |
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151 | (2) |
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Getting a Second Opinion: Appraisals versus CMAs |
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153 | (1) |
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Why Buyers and Sellers Often Start Far Apart |
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154 | (5) |
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155 | (2) |
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157 | (2) |
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Chapter 3 Negotiating Your Best Deal |
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159 | (26) |
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Understanding and Coping with Your Emotions |
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160 | (3) |
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Examining the forces at work |
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160 | (1) |
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161 | (2) |
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163 | (6) |
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164 | (1) |
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Examining your negotiating style |
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165 | (2) |
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167 | (2) |
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169 | (5) |
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Making an offer to purchase |
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169 | (2) |
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Leaving an escape hatch: Contingencies |
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171 | (1) |
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172 | (2) |
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The Finer Points of Negotiating |
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174 | (11) |
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Negotiating when the playing field isn't level |
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174 | (2) |
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176 | (3) |
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179 | (2) |
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Negotiating credits in escrow |
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181 | (4) |
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BOOK 3 INVESTING IN A FORECLOSURE PROPERTY |
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185 | (74) |
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Chapter 1 Getting Up to Speed on the Foreclosure Process |
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187 | (12) |
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Identifying the Foreclosure Process in Your Area |
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188 | (1) |
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Foreclosure by trustee sale |
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188 | (1) |
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Foreclosure by judicial sale |
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189 | (1) |
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Exploring the Missed-Payment Notice Stage |
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189 | (1) |
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Getting Serious: The Notice of Default |
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190 | (1) |
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Proceeding to the Foreclosure Sale |
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190 | (1) |
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Halting the Foreclosure Process |
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191 | (5) |
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191 | (1) |
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Requesting and receiving a forbearance |
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192 | (1) |
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Making a mortgage modification or repayment plan |
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193 | (1) |
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193 | (1) |
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Agreeing to a deed in lieu of foreclosure |
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194 | (1) |
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Getting one last chance during the redemption period |
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194 | (2) |
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Finalizing the Foreclosure: Ushering the Previous Owners out the Door |
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196 | (3) |
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Chapter 2 Picking Your Point of Entry in the Foreclosure Process |
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199 | (16) |
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Dipping In at the Pre-Auction Stage |
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200 | (4) |
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Exploring the pros and cons of pre-auction foreclosures |
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200 | (1) |
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Guiding homeowners to good decisions |
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201 | (1) |
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Dealing with anger and angst |
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202 | (1) |
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Assessing your ability to deal with pre-auction scenarios |
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203 | (1) |
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Pursuing Foreclosure Notices |
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204 | (3) |
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Knowing the benefits of waiting for the foreclosure notice |
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205 | (1) |
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Weighing the drawbacks of waiting for the foreclosure notice |
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206 | (1) |
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Wrapping up your deal before the sale |
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206 | (1) |
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Bidding for a Property at a Foreclosure Auction |
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207 | (3) |
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Weighing the pros and cons of buying at auctions |
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208 | (1) |
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Setting a maximum bid well in advance |
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209 | (1) |
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Putting on your poker face |
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209 | (1) |
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Acquiring Properties after the Auction |
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210 | (2) |
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Scoping out REO properties |
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210 | (1) |
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Finding and buying government properties |
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211 | (1) |
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Buying properties from other investors |
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212 | (1) |
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Waiting Out the Redemption Period -- If Necessary |
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212 | (3) |
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Chapter 3 Performing Your Due Diligence |
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215 | (22) |
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Collecting Essential Information about the Property |
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216 | (14) |
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Honing your title acquisition and reading skills |
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216 | (2) |
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Picking up details from the foreclosure notice |
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218 | (4) |
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Digging up details at the Register of Deeds office |
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222 | (6) |
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Gathering tax information at the assessor's office |
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228 | (1) |
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Getting your hands on the property worksheet |
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228 | (1) |
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Gathering additional information |
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229 | (1) |
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Doing Your Fieldwork: Inspecting the Property |
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230 | (3) |
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Doing a drive-by, walk-around inspection |
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230 | (2) |
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232 | (1) |
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Assembling Your Property Dossier: A Checklist |
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233 | (1) |
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Recognizing the Most Common and Serious Red Flags and Big Mistakes |
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234 | (3) |
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Chapter 4 Cashing Out on Your Foreclosure Property |
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237 | (22) |
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Selling Through a Qualified Real Estate Agent |
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237 | (3) |
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Selling faster for a higher price |
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238 | (1) |
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Choosing a top-notch seller's agent |
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239 | (1) |
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Staging Your House for a Successful Showing |
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240 | (3) |
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Jazzing up the front entrance |
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241 | (1) |
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241 | (1) |
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Adding a few tasteful furnishings |
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242 | (1) |
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243 | (1) |
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Generating Interest Through Sawy Marketing |
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243 | (2) |
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Negotiating Offers and Counteroffers |
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245 | (2) |
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245 | (1) |
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Mastering the art of counteroffers |
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246 | (1) |
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247 | (1) |
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Checking Out Other Cash-Out Strategies |
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248 | (11) |
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249 | (1) |
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Refinancing to cash out the equity |
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249 | (1) |
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Reselling the property to the previous owners or their family |
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250 | (3) |
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Leasing the property to the foreclosed-on homeowners |
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253 | (1) |
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Offering a lease-option agreement |
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254 | (3) |
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Assigning your position to a junior lienholder |
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257 | (2) |
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259 | (72) |
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Chapter 1 Devising an Effective Flipping Strategy |
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261 | (12) |
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Deciding on the Role You Want to Play |
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262 | (1) |
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Surveying Different Strategies |
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262 | (8) |
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263 | (1) |
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Buy low, do nothing, sell quick |
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263 | (1) |
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Buy low, apply makeup, sell quick |
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264 | (1) |
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Buy low, renovate, sell high |
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265 | (1) |
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Buy low, move in, renovate, sell high |
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265 | (1) |
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266 | (1) |
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Invest in new construction |
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266 | (2) |
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268 | (1) |
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Flip contracts (or do it all on paper) |
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269 | (1) |
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Cook up your own strategy |
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269 | (1) |
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Drawing Up a Detailed Plan in Advance |
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270 | (2) |
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Plan B: Surviving a Flip That Flops |
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272 | (1) |
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Chapter 2 Inspecting the Property and Estimating Rehab Costs |
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273 | (18) |
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Packing for Your Inspection Mission |
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274 | (3) |
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Finding the Perfect Candidate for a Quick Makeover |
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277 | (2) |
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Poor-but-promising curb appeal |
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277 | (1) |
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Cosmetically challenged, inside and out |
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277 | (1) |
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278 | (1) |
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Assessing Potential Curbside Appeal |
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279 | (1) |
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Taking a Big Whiff, Inside and Out |
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280 | (1) |
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Inspecting the House for Big-Ticket Items |
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281 | (5) |
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Focusing on the foundation |
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281 | (1) |
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Checking out walls and floors |
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282 | (1) |
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282 | (1) |
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Giving the roof and gutters the once-over |
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283 | (1) |
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Glancing at the windows, inside and out |
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283 | (1) |
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284 | (1) |
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Exploring the electrical system |
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284 | (1) |
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Checking out the furnace and air conditioner |
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285 | (1) |
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Adjusting your eyes to the lighting |
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285 | (1) |
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Discovering Some Promising Features |
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286 | (3) |
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Arriving at a Ballpark Figure for Repair and Renovation Costs |
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289 | (2) |
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Chapter 3 Calculating Your Profit and Best Offer |
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291 | (12) |
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Doing the Math to Ensure a Profitable Flip |
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291 | (3) |
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Adjusting for market conditions |
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292 | (1) |
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293 | (1) |
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Estimating a Realistic Resale Value |
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294 | (1) |
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295 | (8) |
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Unpaid property taxes and water bills |
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295 | (1) |
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295 | (1) |
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Cost of repairs and renovations |
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296 | (2) |
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298 | (1) |
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Marketing and selling costs |
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299 | (2) |
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301 | (2) |
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Chapter 4 Prioritizing and Planning Your Renovations |
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303 | (16) |
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Developing an Eye for Home Improvements |
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304 | (1) |
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Prioritizing Your Projects |
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305 | (4) |
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Tackling essential repairs |
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306 | (1) |
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Gauging renovations to get the most bang for your buck |
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307 | (1) |
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Adding inexpensive, last-minute touches |
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308 | (1) |
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309 | (2) |
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Identifying do-it-yourself projects |
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309 | (1) |
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Getting a little help from your friends |
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309 | (1) |
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Flagging jobs that require professional expertise |
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310 | (1) |
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Drawing Up a Tentative Budget |
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311 | (2) |
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Coming Up with a Game Plan |
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313 | (6) |
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Switching on utilities and ordering materials and a dumpster |
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313 | (2) |
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Tackling underlying problems first |
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315 | (1) |
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Working from the top down |
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315 | (1) |
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Working from the outside in, or vice versa |
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316 | (1) |
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Allotting sufficient time for your projects |
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316 | (3) |
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Chapter 5 Negotiating the Sale to Maximize Your Profit |
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319 | (12) |
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Comparing Seemingly Similar Offers |
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320 | (5) |
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Does the buyer have financing? |
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320 | (1) |
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How "earnest" is the buyer? |
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321 | (1) |
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What else is the buyer asking for? |
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322 | (1) |
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What conditions has the buyer included? |
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323 | (1) |
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How soon does the buyer want to close? |
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324 | (1) |
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Mastering the Art of Counteroffers |
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325 | (3) |
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Submitting a counteroffer |
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326 | (1) |
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Leveraging the power of multiple offers |
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327 | (1) |
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Shuffling Papers and Other Legal Stuff at Closing |
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328 | (3) |
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Having the right folks represent you |
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328 | (1) |
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329 | (1) |
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Sealing the deal with paperwork |
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329 | (2) |
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BOOK 5 USING YOUR HOUSE AS AN AIRBNB |
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331 | (74) |
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Chapter 1 Hosting on Airbnb: What It Really Means |
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333 | (12) |
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Having a Hospitality Mindset: What It Takes to Be a Host |
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333 | (5) |
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Opening your heart and your home to guests |
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335 | (1) |
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Establishing trust through transparency and dependability |
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336 | (1) |
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Keeping your place clean and well equipped |
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336 | (1) |
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Delivering on (rising) expectations |
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337 | (1) |
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Setting up systems so your guests have a unique stay |
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337 | (1) |
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Adding a touch of personal magic |
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338 | (1) |
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Before You Become an Airbnb Host: What to Consider |
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338 | (7) |
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Being aware of your hidden expectations |
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338 | (1) |
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Inviting strangers into your home |
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339 | (1) |
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340 | (1) |
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Looking at how technologically savvy you are |
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341 | (1) |
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Being aware of how your decision to host affects others in your life |
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342 | (1) |
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Determining the type of host you want to become |
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343 | (2) |
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Chapter 2 Determining Your Profit Potential |
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345 | (18) |
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Decoding How Much You Can Really Make on Airbnb |
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346 | (2) |
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Starting with national averages |
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346 | (1) |
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Recognizing that your location mostly determines your profit potential |
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346 | (2) |
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Researching Your Airbnb Market: Earning Statistics |
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348 | (6) |
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Finding the crucial market statistics |
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349 | (2) |
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Understanding the market deeper |
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351 | (3) |
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Determining the Size of Your Pie |
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354 | (4) |
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Factoring operating expenses |
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354 | (2) |
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Estimating time commitment |
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356 | (2) |
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Comparing the Big City versus Rural Markets |
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358 | (1) |
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Earning a profit in any market |
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358 | (1) |
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Adding more Airbnb listings without purchasing property |
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359 | (1) |
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Determining the Legality of Hosting in Your Market |
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359 | (4) |
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Being aware of the potential risks of Airbnb hosting |
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360 | (1) |
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Finding out what laws or restrictions apply to you |
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360 | (3) |
|
Chapter 3 Preparing Your Property |
|
|
363 | (24) |
|
Creating Profit Potential with Your Property |
|
|
364 | (2) |
|
Maximizing the potential of your listing by optimizing your space |
|
|
364 | (1) |
|
Starting your listing off strong |
|
|
365 | (1) |
|
Determining the Amenities Guests Want in Your Market |
|
|
366 | (2) |
|
Identifying the types of amenities to include in your listing |
|
|
367 | (1) |
|
Looking at your competition to better gauge what guests want |
|
|
367 | (1) |
|
Deciding Which Amenities, Furniture, and Appliances to Include |
|
|
368 | (7) |
|
Focusing on the must-have amenities |
|
|
369 | (2) |
|
Remembering the often forgotten |
|
|
371 | (1) |
|
Stuck between a must-have and a nice-to-have |
|
|
371 | (1) |
|
Providing a bonus: The nice-to-haves |
|
|
372 | (1) |
|
Surprising with the outstanding |
|
|
373 | (1) |
|
Avoiding the wastes of money |
|
|
374 | (1) |
|
Figuring Out What Space Is Accessible to Guests in Your Listing |
|
|
375 | (1) |
|
|
|
375 | (1) |
|
|
|
376 | (1) |
|
Access to living room, outdoor spaces, and other rooms |
|
|
376 | (1) |
|
Managing Neighbors' Relations |
|
|
376 | (3) |
|
Being a good neighbor: Why doing so is profitable |
|
|
377 | (1) |
|
Investing in neighbor relations before you start |
|
|
377 | (1) |
|
Communicating with your neighbors |
|
|
378 | (1) |
|
Managing Landlord Relations |
|
|
379 | (2) |
|
Being aware of the risks of hosting without consent |
|
|
379 | (1) |
|
Asking your landlord whether you can host on Airbnb |
|
|
380 | (1) |
|
Seeing what landlords want to know when it comes to hosting |
|
|
380 | (1) |
|
|
|
381 | (1) |
|
Getting Proper Insurance Protection |
|
|
381 | (3) |
|
Grasping the importance of being properly insured |
|
|
382 | (1) |
|
Understanding Airbnb's liability protection and not relying on it alone |
|
|
382 | (1) |
|
Buying your own insurance to ensure you're fully protected |
|
|
383 | (1) |
|
Being a Guest First to Better Understand Hosting: Walk in Your Guests' Shoes |
|
|
384 | (3) |
|
Chapter 4 Setting Your Listing Pricing |
|
|
387 | (18) |
|
Focusing on Baseline Pricing |
|
|
388 | (2) |
|
Studying your competition: Gather comparable market data |
|
|
388 | (2) |
|
Choosing a baseline pricing strategy |
|
|
390 | (1) |
|
Ramping Up to Baseline Pricing |
|
|
390 | (1) |
|
Understanding and Adjusting for Seasonality |
|
|
391 | (2) |
|
Factoring in Temporality and Special Events: Going from High to Low |
|
|
393 | (1) |
|
Using Dynamic Pricing: Yes or No? |
|
|
394 | (4) |
|
Underperforming with Airbnb's Smart Pricing tool |
|
|
395 | (1) |
|
Aligning incentives with third-party dynamic pricing tool |
|
|
396 | (2) |
|
Setting Other Types of Fees |
|
|
398 | (7) |
|
|
|
398 | (2) |
|
Setting the extra person fee |
|
|
400 | (2) |
|
Setting the security deposit |
|
|
402 | (1) |
|
Lowering the barrier to booking |
|
|
403 | (2) |
|
BOOK 6 IT'S ALL OVER: SELLING YOUR HOUSE |
|
|
405 | (62) |
|
Chapter 1 Deciding to Sell |
|
|
407 | (16) |
|
Figuring Out Whether You Really Need to Sell |
|
|
409 | (8) |
|
|
|
410 | (5) |
|
Reasons to consider selling |
|
|
415 | (2) |
|
Knowing the Health of Your Housing Market |
|
|
417 | (6) |
|
Selling in a depressed housing market |
|
|
417 | (4) |
|
Selling during a strong market |
|
|
421 | (2) |
|
Chapter 2 Timing Is Everything |
|
|
423 | (12) |
|
Timing the Sale of Your House |
|
|
423 | (6) |
|
First peak season: Spring flowers and For Sale signs bloom |
|
|
425 | (1) |
|
First valley: Summer doldrums |
|
|
425 | (1) |
|
Second peak season: Autumn leaves and houses of every color |
|
|
426 | (1) |
|
Death Valley: Real estate activity hibernates until spring |
|
|
427 | (2) |
|
The Seller's Quandary: Timing the Purchase of Your Home |
|
|
429 | (1) |
|
Consolidating Your Sale and Purchase |
|
|
430 | (5) |
|
Determine your house's current value |
|
|
430 | (1) |
|
|
|
430 | (1) |
|
Familiarize yourself with the market |
|
|
431 | (1) |
|
|
|
432 | (3) |
|
Chapter 3 Price It Right and Buyers Will Come |
|
|
435 | (18) |
|
Getting a Grasp on Pricing Methods |
|
|
436 | (7) |
|
Four-phase pricing: Prevalent but ineffective |
|
|
436 | (1) |
|
Pleasure-pleasure-panic pricing: Fast, top-dollar sales |
|
|
437 | (3) |
|
Quantum pricing: An effective technique |
|
|
440 | (3) |
|
Identifying Incentives and Gimmicks |
|
|
443 | (2) |
|
|
|
443 | (1) |
|
|
|
443 | (2) |
|
|
|
445 | (8) |
|
Can't sell versus won't sell |
|
|
445 | (1) |
|
Three factors all buyers consider |
|
|
446 | (1) |
|
Danger signs of overpricing |
|
|
447 | (1) |
|
The foolproof way to correct overpricing |
|
|
447 | (2) |
|
Placing the blame where it belongs |
|
|
449 | (4) |
|
Chapter 4 Marketing Your House |
|
|
453 | (14) |
|
|
|
453 | (9) |
|
|
|
454 | (1) |
|
|
|
455 | (3) |
|
Multiple listing service (MLS) |
|
|
458 | (1) |
|
|
|
459 | (1) |
|
|
|
460 | (1) |
|
|
|
460 | (2) |
|
|
|
462 | (2) |
|
|
|
462 | (1) |
|
|
|
463 | (1) |
|
|
|
464 | (3) |
|
|
|
464 | (1) |
|
|
|
465 | (2) |
|
BOOK 7 GONE GLOBAL: INVESTING IN INTERNATIONAL REAL ESTATE |
|
|
467 | (34) |
|
Chapter 1 Introducing International Investment Strategies |
|
|
469 | (16) |
|
Taking Your Real Estate Investments to the Next Level |
|
|
470 | (3) |
|
Comparing property to other asset classes |
|
|
470 | (1) |
|
Going beyond fixer-uppers and straightforward buy-to-rents |
|
|
471 | (2) |
|
Focusing on Investment Strategies That You Can Use Internationally |
|
|
473 | (2) |
|
Running Your Property Portfolio as a Business |
|
|
475 | (1) |
|
Getting Your Financial Ducks in a Row |
|
|
476 | (1) |
|
Understanding financing options and valuation |
|
|
476 | (1) |
|
Getting the expert help you need |
|
|
477 | (1) |
|
Blending Real Estate Strategies to Create a More Robust Portfolio |
|
|
477 | (6) |
|
Keeping an open mind about different strategies |
|
|
478 | (1) |
|
Incorporating shorter-term strategies into your portfolio |
|
|
479 | (1) |
|
Exploring longer-term strategies for earning a regular income |
|
|
480 | (3) |
|
Avoiding spreading yourself too thin |
|
|
483 | (1) |
|
So Which Strategies Are Right for You? |
|
|
483 | (2) |
|
Chapter 2 Investing at Home or Abroad: Which Is Right for You? |
|
|
485 | (16) |
|
Deciding Whether to Invest Abroad: Its Not All about the Numbers |
|
|
486 | (2) |
|
|
|
486 | (1) |
|
Tapping into available knowledge |
|
|
487 | (1) |
|
|
|
488 | (2) |
|
Assessing Your Risk Profile |
|
|
490 | (3) |
|
Identifying where you sit on the risk spectrum |
|
|
490 | (1) |
|
Considering country-specific risk factors |
|
|
491 | (2) |
|
Factoring your goals into the equation |
|
|
493 | (1) |
|
Figuring Out How You'll Manage Your Property |
|
|
493 | (2) |
|
Drilling Down to the Right Market for You |
|
|
495 | (5) |
|
Looking at the cold, hard facts and figures |
|
|
495 | (1) |
|
Developing your knowledge of that country and region |
|
|
496 | (4) |
|
Focusing Your Attention on One or Two Key Markets |
|
|
500 | (1) |
|
BOOK 8 THE NEXT LEVEL: INVESTING IN COMMERCIAL REAL ESTATE |
|
|
501 | (70) |
|
Chapter 1 A Crash Course in Commercial Real Estate Investing |
|
|
503 | (16) |
|
Comparing Commercial Real Estate and Residential Real Estate |
|
|
504 | (1) |
|
Deciding to Invest in Commercial Real Estate |
|
|
505 | (2) |
|
Exploring the Available Types of Investments |
|
|
507 | (4) |
|
Apartment buildings (also known as residential properties) |
|
|
507 | (1) |
|
|
|
508 | (1) |
|
|
|
509 | (1) |
|
Warehouses or industrial properties |
|
|
509 | (1) |
|
|
|
509 | (1) |
|
|
|
510 | (1) |
|
|
|
511 | (1) |
|
Easily meeting people and making new friends |
|
|
511 | (1) |
|
|
|
512 | (1) |
|
Accounting and collecting |
|
|
512 | (1) |
|
Recognizing Myths and Questions about Investing in Commercial Real Estate |
|
|
512 | (2) |
|
Timing the Commercial Real Estate Market |
|
|
514 | (5) |
|
Knowing whether to buy, hold, or bottom-fish |
|
|
514 | (3) |
|
|
|
517 | (2) |
|
Chapter 2 Evaluating Commercial Real Estate |
|
|
519 | (30) |
|
Talking the Talk: Terms You Need to Know |
|
|
520 | (3) |
|
The Commercial Property Evaluator |
|
|
523 | (4) |
|
Why a seller's numbers can't be trusted |
|
|
523 | (1) |
|
How the Commercial Property Evaluator works |
|
|
524 | (3) |
|
Diving Deeper into Property Valuation |
|
|
527 | (5) |
|
Not-so-obvious tips on analyzing |
|
|
528 | (2) |
|
|
|
530 | (1) |
|
Establishing and following guiding principles |
|
|
530 | (2) |
|
Running the Numbers on Some Properties |
|
|
532 | (6) |
|
Analyzing an apartment deal |
|
|
533 | (2) |
|
Analyzing a retail shopping center |
|
|
535 | (3) |
|
Valuing Properties like a Professional |
|
|
538 | (3) |
|
Approach #1: Comparable sales |
|
|
539 | (1) |
|
|
|
540 | (1) |
|
Approach #3: Cost to replace the property |
|
|
540 | (1) |
|
Understanding What Creates Value |
|
|
541 | (5) |
|
Use: How the property is used gives value |
|
|
541 | (1) |
|
Leases: As the lease goes, so goes the value |
|
|
542 | (2) |
|
Location: The unchangeable factor |
|
|
544 | (2) |
|
Differentiating a Good Deal from a Bad Deal |
|
|
546 | (3) |
|
|
|
546 | (1) |
|
|
|
547 | (1) |
|
|
|
547 | (2) |
|
Chapter 3 Property Management: Who's Minding Your Ship? |
|
|
549 | (22) |
|
Being the Boss: Manage Your Commercial Property Yourself |
|
|
550 | (8) |
|
Improving your management skills with a few basic tips |
|
|
550 | (2) |
|
Developing basic business systems |
|
|
552 | (1) |
|
Doing it yourself: A checklist |
|
|
553 | (1) |
|
Training your tenants to respect you and the property |
|
|
554 | (2) |
|
Operating successfully day-to-day with the proper people and tools |
|
|
556 | (2) |
|
Letting Go: Using Professional Property Management Companies |
|
|
558 | (10) |
|
Understanding the ins and outs of professional property management |
|
|
558 | (1) |
|
Deciding to hire a professional property management company |
|
|
559 | (1) |
|
Searching for property management candidates |
|
|
560 | (1) |
|
Interviewing your prospective managers |
|
|
561 | (1) |
|
Checking credibility and capability |
|
|
562 | (1) |
|
Drafting the property management agreement |
|
|
563 | (3) |
|
Getting your reports: Monthly and weekly accountability |
|
|
566 | (2) |
|
Knowing How to Be an Effective Absentee Owner |
|
|
568 | (3) |
| Index |
|
571 | |
