Trump University Commercial Real Estate 101: How Small Investors Can Get Started and Make it Big
List Price: £18.99
Price: [wpramaprice asin=”0470380357″]
[wpramareviews asin=”0470380357″]
[wprebay kw=”donald+trump+” num=”0″ ebcat=”-1″]
Trump University Commercial Real Estate 101: How Small Investors Can Get Started and Make it Big
Another good book by the author,
The majority of real estate investors are simply frightened by commercial real estate. It is not that complicated, and it offers tremendous opportunities. The author says “the wealth opportunity with commercial real estate is enormous for the very reason that most people think they could never own it.” It is different than residential real estate, but there is no reason why people cannot understand it. I think this book does a great job describing commercial real estate. Donald Trump is a household name, but few may realize that he relies on teams of people to make him successful. The author argues that investors should also build their teams. He breaks it down into your home team (assistants and marketers), deal team (brokers and attorneys), money team (mortgage brokers and private money partners), and property team (property managers, contractors, property inspectors, and maintenance specialists).
I liked the chapter on financing. I believe that financing is extremely important because real estate is usually financed with more debt than equity, and therefore, interest expense is the major expense. If you don’t get this one right, you might lose money even if the property is operating properly. Some of the financing options covered in this book are conventional, construction, mezzanine, bridge, and hard money. Another good book that I would recommend by the same author is Emerging Real Estate Markets.
– Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
Was this review helpful to you?
|