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The Commercial Real Estate Investor's Handbook: A Step-by-Step Road Map to Financial Wealth Paperback – November 30, 2007
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About the Author
Steven D. Fisher is an independent writer, illustrator, and instructional designer with over 25 years of experience in the fields of business writing and training and development. His specialties include the design and writing of books, certification tests, e-Books, manuals, seminars and workshops. In addition to practical "real world" experience, he holds an M.A. in Education of the Hearing Impaired and trained as a print and media Broadcast Specialist in the U.S. Army.
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However I have recently finished my law degree. Given that real property was a required class,and by me one of the most dreaded, due in part to my above experience. However, what caught my eye while looking for some other legal books was this clique " A step by
step Road map to Financial wealth." My first thought was it must be one of those get rich type books. However after reviewing it, I realized it was not. While reading it, I could better relate to many of the concepts, in relation to what I learned about real property, I had wished I had that book, when I took that course.
The book was clear, concise, well organized and user friendly. I really liked the chapter about due diligence,that gave me a broader understanding of it, especially as a step in dealing with real estate investing. Further much knowledge but still practical experience, and research would also be needed to formulate such a book. It was different then trying to figure out these same concepts that one would in a law book.
Yet in many ways if one becomes a real estate investor they had practical examples, such as the affirmations which were well put and setting your priorities on the ultimate goal that also could be applied to any aspect of life if the person wants to ascertain their goal/s bad enough. Meaning you have to work for it, and see through till the end. As many of these books give you the impression that things will be given to you on a silver platter, which is such a fallacy.
Further if it was easy everybody would be doing it. I also liked,the handy legal glossary in the back for reference.
However, the author did use the word we allot. I assume he was referring to himself and the attorney that wrote the welcoming forward in the initial part of the book, since there were not many other references per se on where the author, acquired all this information, nor did it say in the brief bio about the author, of any experience in the legal forum, or with real estate investing however, he did write business and instructional type manuals, which came out quite clearly in his writing. I was impressed with it and I am going to use it as a supplement in a legal real estate class. To conclude, I gave it 5 stars.
I liked how the author is honest with readers about what it takes to be successful because other authors simply promise the sky just so that they can sell books or other products. He says that investors need knowledge because the lack of it leads to poor investments. In other words, ignorance is expensive. Second, they need significant capital because real estate professionals are not going to take them seriously.
Don't bring your no-money-down schemes into this game. If you have no money, you do not belong in this game. You need be prudent and save as much as you can. One option is to start off in residential real estate to build capital. The author also explores different career options to gain experience. I personally think that getting a job in the industry is the best way to learn the ropes. It's easy to get into it as an assistant to a broker or appraiser. Don't worry too much about pay because you can gain valuable experience.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market