Contributor(s): Author: Brian Hennessey UPDATED THIRD EDITION There\'s a HUGE problem in the Commercial Real estate business that nobody is talking about- DUE DILIGENCE.
Not Buying it could be one of your most costly.
Buy the book nowIt will be one of the best investments in Real estate you ever make.
We need reminding as much as we need learningWarren Buffet said, "Risk comes from not knowing what you\'re doing." So having a Proven System in place helps you know what you\'re doing.
There are too many things to remember.
As a pilot uses a pre-flight checklist prior to each flight, you\'ll want to refer to this Handbook every Time you buy an investment property.
Learn this or lose out.) By having this valuable system, you will be more prepared and confident in your ability to negotiate, going up against ANY seller.
This is a wealth of information When done properly.
In addition, the Handbook includes: PHYSICAL & MECHANICAL INSPECTION PHOTOS (That shows you what to look for and how to assess issues.) 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 System will help reduce risk and Create Value for all of them. (This includes specific items to review, instructions on what to ask for to minimize your chances of getting taken advantage of, potentially losing big Money by not having this information.) These fundamentals remain the same and are all applicable whether they are: residential rental properties, industrial, retail, or office buildings. (Leaving these questions unanswered can be potentially devastating to an investment.) Not "over-paying" by making sure you\'re getting all you deserve, by getting credited fairly for items on the closing statement.
There\'s a list of essential questions included that MUST be addressed.
Many of these issues could make or break your investment.) Critical factors to consider during your financial analysis .
They will not "hand you a list of problems" about the property. (Don\'t leave it up to chance to "work out.") Uncovering hidden problems and issues (Sellers will NOT disclose these, so you need to know where to look for them. (Super important to know.) Reviewing the leases Not knowing what provisions to watch for could cost you dearly once you own it.
Here are just a few 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.
Adhering to a Proven System allows you to conduct due Diligence faster, easier, more efficiently and you\'re less likely to miss something.
It will help you to make informed, intelligent decisions When deciding whether to buy or NOT buy.
It is an easy-to-follow, Proven "step by step" System that investors and Real estate professionals use regularly while conducting their due diligence.
This book is a #1 Best Seller of Commercial Real estate books on Amazon.
It wasn\'t until I became an acquisition executive and learned some humiliating, expensive lessons that "I didn\'t know what I didn\'t know." You will learn how to avoid mistakes with costly consequences, Create more value, and more essential information for Buying investment property.
I\'ve spent over 30 years helping investors buy and sell over 9 million square feet of property and witnessed the practices of professional and small investors.
Mainly because "they don\'t know what they don\'t know.
Most investors, Real estate brokers and Commercial Real estate professionals barely scratch the surface conducting their due diligence.
Investors are leaving big Money on the table by not learning these essential principles.
Contributor(s): Author: Brian Hennessey UPDATED THIRD EDITION There\'s a HUGE problem in the Commercial Real estate business that nobody is talking about- DUE DILIGENCE
