His most famous book is “Real Estate Riches.” Visit de Roos’ website for more information at Commercial Investment Tips from de Roos: He has been on the Wall Street Journal’s and the New York Times’ bestseller lists. The author himself is a successful investor – rule number one when choosing books on real estate investing. Dolf de Roos Commercial Real Estate Investing: A Creative Guide to Successfully Making Money, Published by Wiley in 2008, is a great resource. But, good books on commercial real estate investing specifically are not as easy to find. Some offer up the latest get rich quick scheme, while others just sell their own materials. You need to have access to finance, be able to accurately analyse the property and know what the market is doing.A Review: There are a million books, television shows and speakers on real estate investing in general.
But, you need to know what you’re looking for. The more good deals you see the more you believe they exist.
If you believe that great deals do not really happen, then you will not see one even if you fall over it. The Deal of the Decade comes along about once a week Remember there are far fewer potential buyers for a commercial property compared to a residential one. Often properties passed in at auction can be a good deal – especially if the owner desperately needs to move the property. The more motivated (read desperate!) the seller, the better the deal will be. In general people who sell their properties never do as well as people who just keep hanging on to them.
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Educated investors know how to secure deals with little or no outlay. Putting in a lot of cash does not make good investment sense. We have this natural inclination to want to get rid of our mortgages. Always try to buy with zero or little downįor years we have been told by our parents to “pay off your debt”. Right now, many residential real estate investors are starting to look at commercial, that papers are hinting that while residential property prices are down, returns on commercial are likely to remain healthy – so if you want to get into the market, don’t wait until the market is flooded with newcomers. Be counter-cyclicalĭon’t do what everyone else does! The most successful property investors buy when everyone else is selling, and bide their time when everyone else is buying. The rent you can get on a commercial terrace house in Sydney’s Paddington is likely to far outweigh what a residential tenant will pay to rent the same property. Is the area zoned for some residential and could you therefore redevelop the property and get a greater return. What else could the property be used for? For example, could you pick up a warehouse with little structure and build offices. Look beyond what the current use of the property is It all depends on your education and experience. Without a tenant, the property could be useless – or it could be an amazing opportunity. When it comes to a commercial property, in most cases, the property is only as good as the tenant and the lease. One to the biggest mistakes investors make when they buy into an investment property (whether it’s commercial or residential) is that they fall in love with the property. Fall in love with the deal, not the property Your financiers and your legal team will be very important to your success. It requires that you have a good team of professionals around you. It requires that you become better educated. This requires a different level of advice and compliance in order to protect both you and the tenant. With commercial property you deal with contracts. When you invest in residential property, you deal with people. Investing in commercial property is a totally different game Here are eight rules that all good commercial property investors should consider: 1. Of all the extremely high-net-worth property investors I know, only two own predominantly residential properties. Different rules apply and they must be followed if you want to be successful. People need to understand the difference between residential and commercial real estate investing. According to international real estate investor Dolf de Roos, people make some huge and ultimately costly mistakes when they enter the commercial property investment game. While Australian’s are becoming more comfortable with the idea of having a stake in commercial buildings very few really understand the rules of investing in commercial real estate.
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