Here is a commercialrealestate investment book that doesn't require a degree in finance to keep up with. At the same time it is not too simplistic for experienced investors. I found this a little surprising, considering Randel is a real estate attorney. It doesn't take long to understand what he means by real estate entrepreneur vs. investor. The entrepreneur gets creative and is willing to try things in his market that haven't been tried before. Having no money doesn't stop him, it just encourages more creativity. He isn't satisfied with institutional type returns, but looks to hit the ball out of the park, while still managing his risk.
Each major technique is illustrated with a story that describes a transaction in detail. In the more complex examples, Randel slows down and defines his terms to help us "get it." His deals range from half a million dollars on up to near 50 million. These stories make the book entertaining. I could hardly put it down. Now I have a idea (Randel's) for a commercial office building that could double its value within two to three years, even if the market is flat.
The principles stay the same, it is the applications that change. Learn these principles to apply this year in your market to create returns worthy of a real estate entrepreneur.
Jim Randel shares his 30+ years of realestate experience in this outstanding book. You might not know that he leased Bed, Bath and Beyond space in one of his buildings and they tried to hire him to expand nationwide. He turned down the job. Also, he leased Martha Stewart her first store in the 1980s in Westport, CT. He has closed more than 5,000 transactions as an attorney and is one of the brightest real estate investors in the country. His self-deprecating writing style is refreshing. He once made almost $1,000,000 for an hour long meeting that resulted in a 50/50 split of a brokerage commission. You'll learn more about these stories and much more in "Confessions of a Real Estate Entrepreneur".
I didn't finish it yet, but I already can say it is a very nice reading for those who works in the real state business.
A blueprint for real estate investors
This book is wonderful for anyone interested in realestate investing, lots of common sense combined with nuts and bolts background on the business. While it may not all be new as one reviewer mentioned, I've read over 2 dozen real estate books and this one does the best job of packaging all the elements; without out hype or any false promises of get rich quick shortcuts. A genuine article.
A front row seat into the world of high-stakescommercialrealestate investing. -A must-read book - one of the best real estate investment books I have ever read.- On my scale of 1 to 10, this unique book rates an off-the-charts 12.-- ---Robert Bruss. Confessions of a Real Estate Entrepreneur is for the individual who is ready to get serious about investing.- Not a rah-rah or get-rich-quick book, this book is for someone who is prepared to think about what he or she wants to accomplish.- James Randel provides the how and why.James Randel has been a successful investor and educator for 25 years.- He teaches investing through stories and anecdotes - bringing to the limelight not just his successes (and there are some amazing stories of these) but also his mistakes.- His candor is instructive and entertaining.It is said that -those who can, do, and those who can-t, teach.- James Randel is a rare exception as he is both a highly successful investor as well as an excellent teacher.- As said by Jeff Dunne, Vice Chairman of the largest real estate company in the world, CB Richard Ellis:-I-ve tracked Jimmy-s incredible run of successful real estate investments for 20 years and more recently invested very profitably with him.- His new book is a must read for anyone interested in real estate investing.- If you are tired of the -same old, same old- and prepared to play in the big leagues, this book is calling your name.