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Trump University Commercial Real Estate 101: How Small Investors Can Get Started and Make It Big Hardcover – November 10, 2008
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From the Inside Flap
You Don't Have to Be a Billionaire to Make It Big in Commercial Real Estate!
For first-timers and experienced residential investors alike, Trump University Commercial Real Estate Investing 101 provides a clear path to breaking into the lucrative field of commercial investing. Combining the biggest name in business with lessons from a top real estate investor, this practical guide covers all the ins and outs of successful, profitable investing in apartment buildings and small commercial properties.
Author David Lindahl has been involved in hundreds of real estate deals and currently controls over $240 million in real estate. In each chapter, Lindahl covers the big issues in commercial investing by breaking them down into smaller, easily understood ideas in a straightforward, non-technical way. He explains step by step how you can get started in commercial investing or make the leap from residential markets to more profitable commercial markets.
Packed with investing lessons you'll be glad you didn't have to learn the hard way, this practical, hands-on guide not only shows you the ropes but keeps you from getting tangled up in bad deals. You'll discover how to get into the commercial investing game without a huge bankroll, how to read markets and buy at the perfect time, and how to lock in your profits early to guarantee a good deal.
Ideal as a stand-alone primer on commercial investing or as a companion text for Trump University real estate investing courses, Trump University Commercial Real Estate Investing 101 provides all the information and tactics you need to start making money with commercial properties now. No matter where you live, this comprehensive, practical guide explains everything you need to know about profitable, successful commercial investing.
From the Back Cover
Commercial Real Estate Investing 1O1
Trump University books are practical, straightforward primers on the basics of doing business the Trump waysuccessfully. Each book is written by a leading expert in the field and includes an inspiring Foreword by Trump himself. Key ideas throughout are illustrated by real-life examples from Trump and other senior executives in the Trump organization. Perfect for anyone who wants to get ahead in business, with or without the MBA, these streetwise books provide real-world business advice based on the one thing readers can't get in any business schoolexperience.
In Trump University Commercial Real Estate Investing 101, you'll discover how to:
Get started as a small investor
Understand and read market cycles
Attract deals and keep them coming
Use three different techniques for property valuation
Lock in your profit in the early stages of a deal
Perform due diligence and uncover the truth behind every deal
Take only smart risks and recognize bad deals before it's too late
Tap into financing sources and structure your deals
Develop a team that will keep your business going when it gets too big to handle alone
Do simple, smart things to maximize profits when you sell
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Top Customer Reviews
Commercial Real Estate Investing For Dummies (For Dummies (Business & Personal Finance)) (which is my number 1 favorite commercial real estate starter book -- it's almost a complete business plan), but David Lindahl comes very close to it.
My only real complaint is Lindahl's insistence on letting the real estate broker take both sides of the commission, even when the broker hasn't earned it. If I had to find the property (by searching the Multiple Listing Service or other internet websites *and* I do all of the upfront financial analysis), then I want half of the total commission as a seller price concession. If the broker brought it to me as his own private unadvertised pocket listing *and* he has already done the financial analysis for me, then he has earned both sides of the commission.
As a new commercial real estate investor, this book is an excellent addition to my library. Keep a yellow highlighter handy when you read it.
Great info which touches base on multifamily investing. If you're looking for Retail, Office, Industrial, there's still good information, but half the book is geared more towards Multifamily.
I mean, with Trump slapping his 'signature' over this book, I figured
the book was definitely worth a read. Many years ago I found his Art of the Deal
book, which was a real eye-opener and tremendous confidence and motivational booster
for me in my own attempts to purchase real estate.
However as I stated in the title the books does a good job of trying to get you to understand the foundation,
or principles of 'beginning' and to get
you to do what other books of this type set out to do- to TAKE ACTION. All the amount
of reading one can do is nothing compared to actually 'cutting your teeth' and experiencing
the actual investing, purchasing, running the numbers, meeting with brokers/sellers that one must do.
I purchased my first residential single family property at the age of 21. I made 100% profit (at the time close to USD$150K) in less than 6months, because of
the Rich Dad Poor Dad books - I only wish I had read a book like this one years ago!
In summary, the book is a must-read for those needing initial education in investing in Commerciail Property (which also includes 'commercial' multi-family/multi-unit
Residential Property). You won't get a very in depth how-to, but it does provide the basics, the rest is upto you.
Obviously this book is a marketing/legacy tool, but honestly, if you actually READ-COMPREHEND-TAKE ACTION from written in it, you can buy multi families with it. Compared to his seminars, which sometimes drag on due to:
1. Novices asking too many intro(hold my hand questions)
...you can simply select the chapter you need and get the information quick fast in a hurry.
P.S. I'm in the Massachusetts market now and it's pretty cut throat. I feel like I'm on a cross between "Game of Thrones" and "The Property Brothers".
The first property I put an offer on, I had a realtor assisting me. I'm used to buying multi families in Texas where the process is a little more streamlined and the properties are no more than 50 years old, compared to the 100+ Y/O ones here.
The realtor was useless and I never bought a property with him, BUT I did follow Dave's advice of always putting in offers. I actually quit using realtors to present my offers and worked out a pretty sweet script for submitting offers to the seller's agent.
In addition, the Holy Grail of multifamily investing are the numbers. Dave covers the exact ratios you need to see if you'll be cash-flowing or feeding an alligator that'll eat you alive.
My concern is that a beginning investor might decide to start with commercial property and get discouraged or, worse, end up bankrupt. Commercial real estate is great when everything is going your way but, a small problem can get really large in a hurry. This becomes particularly acute when dealing with the big dolllars involved in commercial property. I'm not saying that it can't be done but, having some experience with smaller deals definitely helps.
By the way, I am a commercial real estate investor with over 38 years experience. Just saying...
Most Recent Customer Reviews
Investing in Real estate business for Commercial real estate is the Good decision. Key ideas throughout are illustrated by real-life examples from Trump and other senior executives... Read morePublished 1 month ago by tamilselvan
In this book David Lindahl shared his views on sharing on investing properties on commercial real estate business. Read morePublished 1 month ago by Amazon Customer
Excellent book on the insides and out of Commercial Real Estate, and purchase with investment strategies. Read morePublished 1 month ago by American Samurai-Soldier
David Lindahl Shared his views on attaining a goal on properties for Real estate business.
This book takes the fear out of investing on commercial properties. Read more
As an investor with 136 units seeking to get to 500, this Is one of the best books I've read. Very readable yet full of practical, actionable takeaways.Published 10 months ago by Dena Persaud