The Complete Idiot's Guide to Commercial Real Estate Investing, 3rd Edition (Complete Idiot's Guide to)

Where to buy, when to buy, and how to buy. Updated and revised, The Complete Idiot's Guide to Commercial Real Estate Investing, Third Edition , is a must-have reference book for aspiring commercial real estate investors/developers. What little coverage of residential income properties that existed in previous editions has been cut, and the remaining content has been updated to clearly reflect the focus on buying and selling commercial properties. Cover Page 1 Title Page 3 Copyright Page 4 Dedication Page 5 Contents at a Glance 7 Part One: Why Invest in Real Estate? 33 Chapter One: The Compelling Facts About Real Estate 35 Chapter Two: The Spectrum of Real Property Investment 45 Chapter Three: The Marketplace 57 Chapter Four: Timing Is Everything 67 Part Two: Types of Real Estate: The Good and the Not-So-Good 79 Chapter Five: Investment Types 81 Chapter Six: Real Property Products 91 Chapter Seven: Where to Invest—Locational Factors 103 Chapter Eight: Using Professional Help 113 Part Three: Stepping Up to Your First Deal 125 Chapter Nine: The Components of Value 127 Chapter Ten: Dissecting the Deal 139 Chapter Eleven: The Purchase Contract 149 Chapter Twelve: The Closing—Pull the Trigger on Your Terms 157 Part Four: Ownership and Financing 169 Chapter Thirteen: Go Solo or Take On Partners—Your Choice 171 Chapter Fourteen: Partners and Consultants—Working With Others 181 Chapter Fifteen: Conventional Financing 191 Chapter Sixteen: Equity Financing 205 Part Five: Documentation 215 Chapter Seventeen: Types of Ownership and Associated Documentation 217 Chapter Eighteen: The Loan Documents 227 Chapter Nineteen: Leases 237 Chapter Twenty: Consultant Agreements 247 Chapter Twenty-One: Management Documents 257 Chapter Twenty-Two: The Numbers 267 Part Six: Managing Your Investment 277 Chapter Twenty-Three: Where to Start? 279 Chapter Twenty-Four: Create a Game Plan 289 Chapter Twenty-Five: The Care and Feeding of Tenants 299 Chapter Twenty-Six: Reserves 309 Chapter Twenty-Seven: Maintenance, Accounting, and the Future Sale 315 Part Seven: How to Sell and Reinvest—or Not! 325 Chapter Twenty-Eight: What Do You Have to Sell? 327 Chapter Twenty-Nine: Your Sales Presentation 335 Chapter Thirty: The Price 345 Chapter Thirty-One: Pay Your Taxes or Reinvest 353 Appendixes 361 A: Glossary 361 B: Sample Documents 375 Index 417 Updated to incorporate the latest trends in the real-estate market, a handy reference reveals where to start, how to consolidate resources, investment strategies, and the different opportunities provided by land, office, retail, and residential investment. Original.