Hoboken, NJ (PRWEB) February 19, 2008
Real estate development, done correctly, can be incredibly lucrative. The key is to get it right by choosing valuable properties, making successful offers and selling for maximum profit. In Commercial Real Estate Investing For Dummies (Wiley, January 2008, 358 pages), real estate investment experts Peter Conti and Peter Harris provide the ins and outs of the process in a straightforward way that both beginners and experienced investors will find useful. For more information on the book, go to http://www.dummies.com/WileyCDA/DummiesTitle/Commercial-Real-Estate-Investing-For-Dummies.productCd-0470174919.html
With this simple, easy-to-follow guide, you'll find out how to choose between the different kinds of investments; know when to buy or sell; and use larger societal trends as guidelines for investing. You'll master the "break-even analysis" and learn about the different forms of leases that commercial property tenants may hold. The result? Smart evaluations of potential deals.
Commercial Real Estate Investing For Dummies offers advice on networking, spotting growing areas, and negotiating the very best price for a purchase. It runs through how to test a problematic deal; put a deal into writing once it is agreed to; do the necessary legal "due diligence" paperwork and financial research; and finally, close a deal.
One doesn't need to be rich to invest in commercial real estate, but an investor must be able to consistently marshal good loans or other financing. The book covers financing techniques like the Master Lease (leasing a property from the owner before buying it), secondary financing and performance mortgages.
Like all For Dummies® titles, the book concludes with "The Part of Tens," including 10 ways to increase a property's value (improving it; building roads on it; adding utilities to it; and dividing into smaller lots) and 10 ways to network in the world of commercial real estate. A helpful "Cheat Sheet" in the front of the book summarizes the basics of a deal and provides checklists of legal research, paperwork, financial matters and physical inspections necessary before completing a sound real estate transaction.
About the Authors
Peter Conti is a real estate investor, bestselling author, and CEO of MentorFinancialGroup.com. He wrote Buying Real Estate Without Cash or Credit. Peter Harris is a real estate investor and author. He teaches commercial real estate investing to clients around the country.
For more plain-English information on real estate investment, check out:
Real Estate Investing For Dummies 978-0-7645-2565-0
Flipping Houses For Dummies 978-0-470-04345-5
Foreclosure Investing For Dummies 978-0-470-12218-1
To see all For Dummies titles, visit http://www.dummies.com
About For Dummies®
With near universal name recognition, more than 150 million books in print, and over 1,000 topics, For Dummies is the world's bestselling reference series. With loyal customers around the globe, For Dummies enriches people's lives by making knowledge accessible in a fun and easy way. Described by the N.Y. Times as "more than a publishing phenomenon, but a sign of the times," For Dummies span every section of the bookstore, covering everything from health to history, music to math, sports to self-help, technology to travel, and more. The Dummies brand franchise has expanded with an extensive licensed product line, including DVDs, software, consumer electronics, cooking, cleaning and automotive products, craft and hobby kits, games and more. For information, visit Dummies.com. For Dummies is a branded imprint of Wiley.
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