The Due Diligence Handbook For Commercial Real Estate: A Proven System To Save Time, Money, Headaches And Create Value When Buying Commercial Real Estate
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The Due Diligence Handbook For Commercial Real Estate: A Proven System To Save Time, Money, Headaches And Create Value When Buying Commercial Real Estate
There’s a huge problem in the commercial real estate business that nobody is talking about- DUE DILIGENCE. Investors are leaving big money on the table by not learning these important principles.
Most investors, real estate brokers and commercial real estate professionals barely scratch the surface conducting their due diligence when buying properties.
How do I know this? I’ve spent over 31 years helping investors buy and sell over 9 million square feet of properties and witnessed the practices of professional and small investors alike. It wasn’t until I became an acquisition executive learning some painful, humiliating and expensive lessons that I realized “I didn’t know what I didn’t knowâ€.
You will learn how to avoid simple mistakes with costly consequences. You do this by having a proven system that minimizes, as well as manages the risks involved in making critical property investment decisions.
This book is currently one of the top selling and highest rated commercial real estate books on Amazon. It is an easy to follow “roadmap†based upon a proven system that investors and real estate professionals around the world reference and keep as a constant companion as they’re conducting due diligence. It removes a lot of the “guess work†from the process, so you can make an informed and intelligent decision when deciding whether to buy or NOT buy.
Having and adhering to a proven system allows you to conduct due diligence faster, easier, more efficiently and you’re less likely to miss something.
Here are some of the lessons you’ll learn:
• Negotiating the purchase and sale agreement and what you MUST include in order to maximize your opportunities to negotiate further with the seller. (Super important to know. Without this knowledge you're giving up a lot of negotiating power).
• Reviewing the leases including what provisions and catch phrases to watch for that could cost you dearly once you own the property. (Without this knowledge you’re just throwing the dice and hoping it all works out.)
• Uncovering hidden problems and issues that the seller will NOT disclose as well as how and where to look for them. (These are essential to learn if you want to pick up critical information that could make or break your investment.)
• Underwriting a property during your financial analysis. There are a list of essential questions included that MUST be addressed in order to ensure that you’re not leaving any crucial issues unanswered. (Leaving one of these questions unanswered can be potentially devastating to an investment.)
• Not over-paying by making sure you’re getting all you deserve and getting credited fairly for items on the closing statement. (This handbook offers specific items to review, as well as instructions, what to ask for, to minimize your chances of getting taken advantage of. This is where most investors fall short and lose big money by not having this information.)
The fundamentals remain the same and they are all applicable whether you’re buying residential rental properties, industrial buildings, skyscrapers or retail shopping centers. This system works for all of them.
In addition, you get at the end of this handbook . . .
• Sample Lease Abstract Form (Which shows you how to summarize all the main deal points and provisions of a lease document.)
• Due Diligence Checklist
• Due Diligence Document Checklist
• Sample Tenant Questionnaire (A sample list of questions that you should ask of tenants when conducting a tenant interview. This is a virtual “gold mine†of information when done properly. Learn this or lose out.)
By having this knowledge and my "step-by-step" system, you will be more prepared, more confident in your ability to negotiate and go up against any seller.
There are too many things to remember during the due diligence process. We need reminding as much as we need learning. Buy the book now. It will be one of the best investments in commercial r