What are the tax benefits of commercial real estate? I recently received two very intriguing questions from my YouTube channel comments. The first question was, "Peter, how does Donald Trump and other billionaires make a billion dollars in a year and not pay income taxes? How is that possible?" The second question was, "And with Donald Trump and other billionaires, how can their tax returns show a paper loss of $975 million in one year and that be a good thing? How can that be?" Well, the short … [Read more...]
Can Anyone Invest in Commercial Real Estate?
Are you intimidated by the thought of buying a commercial property? Well what I am about to share about commercial estate is no more complicated than buying a single family home. Are you thinking that you need lots and lots of cash and perfect credit? Not so the case. In this blog I am going to share how you can buy your first commercial property creatively. Where Do You Begin? It begins with my book, "Commercial Real Estate for Beginners" and it's free for you today by … [Read more...]
Arnold Schwarzenegger Started His Empire with a 6 Plex
Arnold Schwarzenegger's empire did not start with a 6 pack; it started with a 6 plex! You're about to discover how Arnold Schwarzenegger, the Terminator, started his empire with a 6 unit apartment building. Even before Schwarzenegger became the godfather of modern bodybuilding, before he became a mega movie star, or even before he was the governor of California, he was a beginning commercial real estate investor. The foundation of Arnold's success was not his 6 pack abs. The foundation of his … [Read more...]
Choosing the Right Commercial Real Estate Broker
Years ago, I spent several years working for a prestigious commercial real estate firm while researching for my Dummies book. What I discovered is that commercial real estate agents are a different breed. They're a different breed of people. They're highly skilled but well-respected. Getting to know how they work and function in their jobs is critical in choosing the right one to work with. Don't you agree? Well, many people like yourself are intimidated by commercial real estate agents. I … [Read more...]
7 Commercial Real Estate Terms You Should Know
You're about to discover 7 commercial real estate terms that you should know if you plan on investing in commercial real estate. These 7 terms are mandatory to understand on any property you are looking to purchase. There's a quote I want to share with you from the Greek philosopher, Aristotle. He says, "Educating the mind without educating the heart is no education at all." I truly believe that. What I want to do in this short training is very quickly share with you what's in the heart of every … [Read more...]
Secret to Commercial Real Estate Success
https://youtu.be/0gSGg2dusgE The Secret to Commercial Real Estate Success Let me start off with this, do not buy or invest in any commercial real estate of any type without knowing what I'm going to share with you, just give me a few minutes and you'll see why. Let me start off with three questions. Question 1 Have you ever over paid for a property? Do you know of anyone who have ever over paid for commercial property? It's not a good feeling, and it's not a good position to be in. Question … [Read more...]
Distinguishing Good Deals from Bad Deals in Commercial Real Estate
You're about to discover a very powerful way to determine what a truly good deal in commercial real estate looks like and what a bad deal looks like. On the surface, it can be quite different; but below the surface is where you really find out which ones are the winners and which ones are the losers. You'll see examples of real deals to help you better understand the methodology of distinguishing the good deals from the bad deals. Plus, you'll learn invaluable tips and rules of thumb that can … [Read more...]
Exit Strategies For Commercial Real Estate
Well, first things first, you've got to know your exit strategy before you invest in any commercial real estate investments. If you don't, what you're telling yourself is that it's okay to not maximize your cash flow and it's okay to not maximize your profits when you sell, but knowing only your investment goals is half the story. You must also know how and when to sell the property. Question for You What's the commonality between an exit strategy and an astronaut? NASA astronauts wouldn't … [Read more...]
Creative Financing for Commercial Real Estate
It's really important that you know how to structure deals that no one else does. What if you don't have enough of a down payment? How do you close that deal? What if you find a great deal that's distressed? How do you finance something like that? What if the seller has a great property with great upside, but has no financials? How do you creatively structure and close that deal? Well, in my experience, real estate agents are not the best source to learn how to be creative in commercial real … [Read more...]
How to Make Commercial Deals With Distressed Sellers
We teach our students and clients all across this nation how to find commercial property owners quickly, and then we show them how to talk to them, how to find the seller's motivation, and, lastly, how to structure deals around those motivations. As you go out there and you generate leads and run into owners of commercial real estate, you're going to run into owners who are doing okay, and some owners who are not doing okay. We're going to focus today', on those who are not doing okay, and have … [Read more...]
Creative Financing Using Second Carry Mortgage
It's really important that you know how to structure deals that no one else does to give you the upper hand. A typical real estate agent may or may not know how to be creative but for the most part, they're not interested because it may affect their commission. From my experience, nearly 95% of all property owners, the sellers, don't have a clue on how to safely structure creative deals. Why Second Carry Mortgages? Have you ever heard of these terms or these phrases before when you're looking … [Read more...]
Commercial Cash out Refinance
There are some things in the commercial real estate business that you want. There are some things that you need, and there are some must-haves. The commercial cash out refi is a must-have. What Exactly is a Commercial Cash Out Refi and How Can it Help You? The commercial cash out refi is a very common strategy of putting your property into position to refinance the current loan and pull out your original down payment as cash. It's also a very important skill to have if you want to be a … [Read more...]
Buying Commercial Real Estate without Bank Loans
Discover how to buy commercial real estate without using bank loans. You'll learn about creative financing techniques such as master leases, seller financing and installment sales. This is a must watch video for anyone interested in commercial real estate investing. 7 Reasons to Use Creative Financing in Your Commercial Real Estate Deals 1. The first reason is leverage, lower down payment, not having to deal with banks. 2. You have the cash resources but not the credit. 3. If you … [Read more...]
Big Cash or Big Credit at Closing
How to get Big Credit or Big Cash at Closing on Your Commercial Deals Why Getting Cash or Credit at Closing is Good 1. It makes you look good and it makes your deals even better. 2. Your buyers come out of pocket less at closing by the amount you negotiate. If you can negotiate a credit or cash at closings, your buyer will come out of pocket less by that dollar amount you negotiate. In their eyes, you'll be a super star. 3. Raises your cash and cash return a … [Read more...]
Is Bigger Better? Commercial vs Residential
Is bigger, better? Is commercial real estate a better investment than residential. You're about to join me in the studio with a radio host as we discuss this all important topic. You'll learn about the economies of scale that commercial multi family properties create, the reduction in downside risks when experiencing vacancies, the productivity of using the same amount of time to do larger deals, the removal of emotions from selling decisions and much more. Most importantly, you can decide … [Read more...]
Getting Started in Commercial Real Estate
Before getting started in commercial real estate, there are several questions you should ask yourself. Why commercial real estate? What do you bring to commercial real estate? How much desire do you have to be in commercial real estate? Where geographically do you want to be doing deals? After asking these questions, there are several other important details to consider that you're about to discover in the following video on getting started in commercial real … [Read more...]
Commercial Real Estate Investing for Dummies
Commercial real estate investing for dummies as described by the author himself. You're about to discover why commercial real estate is so powerful, what types of real estate are defined as commercial as well as a simple 3 step process for evaluating any commercial property quickly and easily. Although some are intimidated by commercial real estate, let Peter Harris "dumb it down" for you. Commercial Real Estate Investing for Dummies PodCast For those who have read Commercial … [Read more...]
5 Best Commercial Real Estate Types for Individual Investors
You're about to discover the 5 best commercial real estate types for individual investors. Many of the iconic commercial properties you drive by everyday are owned or controlled by larger investment firms, such as real Estate Investment Trusts (REITs), Private Equity Funds, Trusts and other large institutional investors. Competing against those folks can be difficult because they have virtually unlimited amounts of cash and only require a small return on their investment dollar. For individual … [Read more...]
Using a Letter of Intent for Making Offers on Commercial Real Estate
Discover why successful commercial real estate investors use a letter of intent when first making an offer on commercial real estate and how you can too! In this quick training, you're going to learn what an LOI (letter of intent) is, the 3 main purpose of an LOI, the 3 biggest advantages of an LOI and best of all, at the end, you can download your very own copy of the Letter of Intent Peter Harris uses on his own deals! Here's the video training on how to use a letter of intent to … [Read more...]
Analyzing Commercial Real Estate Quickly and Easily
Analyzing commercial real estate is not nearly as complicated as it may at first appear. In fact, once you have the basic information about the property, analyzing the deal can be done quickly and easily if you understand the 5 basic terms. Income and Expenses: The income is all the money produced from the property (rents, etc) and the expenses are all the costs involved with owning and maintaining the property excluding the mortgage payment. Net Operating Income (NOI): This is how much … [Read more...]
