Real Estate Investment Handbook
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Real Estate Investment Handbook
nvesting in real estate is not the path to easy riches, but it does provide
a path to wealth creation that is surprisingly available to middle and
upper income Americans. This path is both available and largely unused.
Successful real estate investing is hard work, but it rewards those who
are willing to do the work. Many elderly have had a comfortable retire-
ment because of successful real estate investments, many students have
gone to college funded by successful real estate investments, and many
boats and vacation homes have been financed by real estate investments.
Such accomplishments cannot be taken for granted. Successful real estate
investors must have the skill, knowledge, and energy to find appropriate
properties, evaluate them as investments, arrange for financing, and
either manage these properties or find a buyer for them.
Not surprisingly, many individuals are already into real estate own-
ership—about two-thirds of Americans own their own home. Even
though individuals are primarily motivated to own a home because they
need a place to live or like the amenities it offers, homeownership has
been a financial boon to many middle-class Americans. Homes consti-
tute the largest and most profitable asset the majority of Americans
own. To a considerable extent, the economic benefits of home owner-
ship have been incidental to the home’s function as a residence.
This book is about commercial real estate investment. Commercial
real estate investment implies investing in real estate for a specific eco-
nomic end—to make a profit. It does not matter if the property under
consideration is a single-family home, a duplex, a condo, an office
building or an ice rink. Purchasing such a property to make a profit
makes it a commercial activity.
nvesting in real estate is not the path to easy riches, but it does provide
a path to wealth creation that is surprisingly available to middle and
upper income Americans. This path is both available and largely unused.
Successful real estate investing is hard work, but it rewards those who
are willing to do the work. Many elderly have had a comfortable retire-
ment because of successful real estate investments, many students have
gone to college funded by successful real estate investments, and many
boats and vacation homes have been financed by real estate investments.
Such accomplishments cannot be taken for granted. Successful real estate
investors must have the skill, knowledge, and energy to find appropriate
properties, evaluate them as investments, arrange for financing, and
either manage these properties or find a buyer for them.
Not surprisingly, many individuals are already into real estate own-
ership—about two-thirds of Americans own their own home. Even
though individuals are primarily motivated to own a home because they
need a place to live or like the amenities it offers, homeownership has
been a financial boon to many middle-class Americans. Homes consti-
tute the largest and most profitable asset the majority of Americans
own. To a considerable extent, the economic benefits of home owner-
ship have been incidental to the home’s function as a residence.
This book is about commercial real estate investment. Commercial
real estate investment implies investing in real estate for a specific eco-
nomic end—to make a profit. It does not matter if the property under
consideration is a single-family home, a duplex, a condo, an office
building or an ice rink. Purchasing such a property to make a profit
makes it a commercial activity.
