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Defining Commercial Real Estate
ОглавлениеCommercial real estate is many things. It’s office buildings, apartment complexes, shopping centers, warehouses, industrial parks, hotels, motels, resorts, and the list goes on and on. It’s where businesses are conducted and where many people live together. Commercial real estate is everywhere. (Jump to Chapter 2 for a journey through all the different types of commercial real estate that are available.)
Commercial real estate is also a means of building long-lasting wealth for the investor. To us, long-lasting wealth is an investment that pays you every month. It’s also one in which the value increases every year. Compare this to other types of investments such as stocks where if you draw a monthly payment, you have to be careful the balance doesn't go down year by year until the pot’s empty. That’s not true wealth at all. In this book, we show you how commercial real estate has the ability to generate sizable cash flow every month as well as increase in value every year (and to be tax free!). We challenge anyone to find a better way out of the rat race than to invest in commercial real estate.
Commercial real estate can afford you a wonderful and fulfilling professional career that’s second to none. And besides being enjoyable, commercial real estate investors are among the highest paid professionals in the nation. In fact, it isn’t uncommon for a commercial investor’s check from just one closing to equal an engineer’s annual salary. Many of our mentoring clients have joined “The Quitters Club” by saying goodbye to their 9 to 5 jobs.
Every ultra-successful investor or high-income-generating professional we know in this business knows the secret — it’s relationships. Commercial real estate is at its core a relationship business. For instance, big deals, huge fees, and long-lasting and fulfilling careers can all be created through the relationships you make. We talk more about relationships in Chapter 10.
As you’re out and about, start looking around at all the commercial real estate that you see. When you go to the shopping center, notice what space is leased out. What buildings aren’t fully leased? Why might that property be having trouble? After you realize that an investor owns every building, it’s difficult to not think about owning your own commercial properties someday.