Wealth Opportunities in Commercial Real Estate: Management, Financing, and Marketing of Investment Properties [Hardcover]

The one-stop guide to making money from buying, managing, and owning commercial real estate, Wealth Opportunities in commercial real Estate is the comprehensive resource you need in order to take full advantage of the market, whether you're just starting out or an old hand. Including industry case studies and expert advice from real estate expert Gary Grabel, the book teaches you the fundamentals-including how to evaluate a potential property and how to create value even before you buy-that other books leave out. Commercial real estate investing is an excellent, and highly profitable, investment choice for those with the right perspective and the patience to see their decision through. But to really succeed, it is essential to have a firm grasp of the basics of the real estate game before you get started. if you think you're ready, then this book is your first step.

List of Abbreviations xiii

Introduction xv

Chapter 1 An Overview of the Problem, a Solution, and a Game Plan 1

The Problem 1

The Solution 2

Four Key Elements in the Solution 3

Concerns about the Solution 8

Acquiring the Skill Set to End the Cycle 9

A Game Plan to Achieve the Solution 9

This Book is about Center B Properties 18

Chapter 2 The Basics 21

Gross Income: The Starting Point 21

Vacancy and Collection Loss: Gross Income Reducers 21

Operating Expenses and Net Operating Income 23

Fair Market Value and Capitalization Rate: Whats It Worth? 24

Gross Rent Multiplier 25

Value per Square Foot versus Reproduction Cost per Square Foot 26&l“¡