Profit with Commercial Real Estate

Candace Bean, ChFC® FRC℠

• Editore: Page Publishing, Inc.
• Anno: 2022
• ISBN:
  9781662429996
• Argomento: Business
• Categoria: Real Estate

Candy is a Chartered Financial Consultant, who wanted to expand her knowledge and build processes for investing in commercial real estate as a business. This book is a product of that detailed research. Profit with commercial real estate is designed to give you the detailed knowledge necessary to ensure your successful understanding of the basic financial and business considerations to investing in commercial real estate.

Throughout the course of this book, you will learn the peculiarities and specifics for investing in commercial real estate. Success in commercial real estate investing requires the willingness to spend the time and effort upfront doing your research and identifying the right type of investment property for you. Any investment involves a balance of risk and work that equals reward. Successful real estate investors understand that they are a business and they must have a solid investment and operational plan in place. The importance of planning your investing business cannot be overemphasized. With the purchase of a commercial property, you are buying an actual business and are making a large financial commitment. Every well-operated business needs basic systems and processes to run efficiently, and managing a commercial property is no different.

Module 10

What’s Next and How Do I Apply the Knowledge?

This is my favorite module because now it is time to put your knowledge into action. You have set your goals, learned your vocabulary terms, you now know how to look at all the financial numbers, what’s happening in the marketplace today, what opportunities the different types property provide, and much more. I can tell you with great confidence that every single person reading this actually knows more than they think—about how to be successful. Using this knowledge however is another matter entirely, especially when it comes down to business. I’m not just talking about the action you take today that will get you closer to where you want to be tomorrow, but action you take all the time that will get you closer to where you want to be all the time every single day. Progress is the name of the game. Focus and discipline are the keys to your success.

Watch your thoughts; they become words. Watch your words; they become actions. Watch your actions; they become habits. Watch your habits; they become character. Watch your character; it becomes your destiny.

—Lao Tzu

There are specific qualities that will considerably increase your odds of succeeding at anything you want in life:

• A positive attitude
• Hard work
• Knowledge
• Excellence in what you do
• Giving of yourself to others

Luck is what happens when preparation meets opportunity.

We started out in this book talking about the advantages of investing in commercial real estate to increase your business and financial health. The advantages are the following:

1. Real estate is tangible.
2. It offers leverage.
3. Has several tax benefits.
4. Cash flow to build residual income.
5. Less competition in commercial real estate.
6. Sellers can be more flexible.
7. A lot of the expenses are paid by the tenant.

Any inves...