If you are looking at commercial real estate as your preferred investment instrument simply because of the large stream of income you can create from this type of property, you are probably investing for either the wrong reason or an incompletely expressed one.
The first goal of this book is to help you decide if this type of investment vehicle is really right for you. Becoming a long-term investor is an option that can build wealth along with a regular income that lasts through your retirement years - but it is not for everyone
Then, the book presents the types of systems you need to develop into checklists for yourself that help you get started and stay in the game. Professional real estate investors never buy property, select tenants or manage their portfolio intuitively or on the fly. Those who've developed up to multi-million-dollar portfolios and financial freedom for themselves are goal-oriented, educated and organized, and I'll show you some of how they do that.
This book provides a guide in choosing your investment property. After reading the book, you should start learning as much as you can about that property. And since you're buying it as an investment, one of the very first things you'll need to learn about it how much potential income you can reasonably expect from it. If the property you chose is a rental one to begin with, you can ask the current owner how much it's been rented for. But don't just take his word for it - ask owners of other similar properties in the area or real estate brokers what the average rental rate is for such a property. You can also check out Craigslist for information on how many similar properties are being rented for so you can have a fairly reasonable idea of how much rental income you can make from this investment.
This book covers the following topics: