There's a huge problem in the commercial real estate business that nobody is talking about - DUE DILIGENCE. The vast majority of investors, real estate brokers and commercial real estate professionals barely scratch the surface conducting their due diligence when purchasing commercial real estate investments. Investors are taking unnecessary risks and throwing money away or making bad investments, by not properly performing due diligence. Brokers are putting themselves at risk for potential litigation and missing an opportunity to help their clients as a true ally by learning these principles.
Having and adhering to a proven system keeps you from missing something and allows you to do it faster, easier and more efficiently.
I've been in the commercial real estate industry for over 30 years and "didn't know what I didn't know" until I became an acquisition person for an investor and his investors. Some of these lessons were expensive, embarrassing and quite frankly, gut-wrenching. Many times I vowed "never again will I let that happen to me". You need to know what you’re looking for; how and where to find it and what questions to ask and of whom. Otherwise, you’re simply hoping you didn’t miss anything.
By the time you finish this handbook you will feel more confident, less stressed, be more organized and efficient with your investigation of the property. You’ll be able to make a more informed and intelligent decision when it comes to making the investment OR not. The fundamentals remain the same when it comes to due diligence for any of the commercial real estate genres, whether it be office or industrial properties; retail or multi-family residential. It is all relevant as well as applicable, and this information can be used to purchase any of them. It will pay for itself many, many times over. I still use it as a reference tool whenever I'm involved with due diligence. We need reminding as much as we need learning. There's just too many things to remember.
©2012 Brian Hennessey (P)2013 Brian Hennessey
This is a great resource for beginner commercial real estate investors. It doesn't get into fine detail but it's great as an overall survey of the process. Where else can you get such information?
A little shorter than expected an there are references to the printed edition. Whould have being great to have them available in pdf
Best 1.5 hour book I've found! Really well laid out supplying crucial information in an intuitive way. Get this it will save your bottom line!
I was under the impression this was going to be helpful to a new beginner in this area. However, not knowing the inns and outs of the process it becomes A little bit harder to follow along. As my knowledge-based grows in time this may become more helpful. I do appreciate the help that people put in to help others.
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