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Harvard Can't Teach What You Learn from the Streets: The commercial real estate blueprint that’ll save your asphalt

Harvard Can't Teach What You Learn from the Streets: The commercial real estate blueprint that’ll save your asphalt

          
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About the Book

"…if you're looking to achieve a higher level of excellence in business by becoming remarkable…this will inspire you and focus your efforts on success while building real wealth! Simply put… it's a great read!" —Tim Sabean, CEO of Sabean Media and former SVP of the Howard Stern Channels There are many paths to becoming successful in real estate. But flipping houses, holding a license or owning a home is only the beginning of what could be a long and transformative journey to building lasting wealth through real estate. Your new instructor is about to arrive, but he won't be sitting you down in a classroom—instead, the opposite. Real estate investment icon Sam Liebman will whisk you straight from your seats down to the streets. Harvard Can't Teach What You Learn from the Streets is no ordinary real estate investment guide. It's Sam Liebman's "no holds barred" deep dive into the fine art of becoming a real estate mogul yourself. Liebman experienced a rise to notoriety as a real estate investor after taking 4 vacant stores in Manhattan and building a new 21-story luxury condominium project with a sellout in excess of 100M. He has a penchant for taking property from rubble to ritz, and breaks down exactly how even a beginner investor can replicate the process. A classroom environment can only teach you so much. But raw experience can take even the greenest investor and forge them into a seasoned pro. Through transparent access to Liebman's expertise, you'll be on the fast track to commercial real estate success. Sam Liebman will teach you… To master the core fundamentals of real estate systematically, one step at a time. The financial categories and components of a properties revenue and operating expenses. The tricks of the trade, the knowledge the pro’s use, and what goes on in the back room. How to uncover the “Inside Story” of a property allowing you to find opportunities overlooked by others And much, much more!!! Harvard Can't Teach What you Learn from the Streets paves the way for new investors to transform their lives through the power of commercial real estate. And by standing on the shoulders of giants such as Sam Liebman, you'll be able to reach far beyond where you've ever thought possible.

Table of Contents:
PREFACE: BECOME A REAL ESTATE PROFESSIONAL FOREWORD INTRODUCTION CHAPTER 1: WELCOME TO THE NEW MILLENNIUM, WHERE INSTANT GRATIFICATION TAKES TOO LONG How to Not Become Successful Et tu, Harvard? Learn Street Knowledge Learn to Be a Student of the Game The World’s Largest Book: The Book of Excuses FEAR! The Number 1 Stumbling Block for Success What this Book Offers CHAPTER 2: UNDERSTANDING THE BASIC ARITHMETIC & ANALYTICAL CONCEPTS NEEDED FOR SUCCESS IN THE REAL ESTATE BUSINESS Understanding the Rent Roll The Effect of Capitalizing and Compounding the Rent Roll Understanding Net Operating Income (NOI) Understanding Cap Rates Understanding the Difference Between Gross and Rentable SF The Effect of Upgrading Units and Increasing the Rent Roll Introducing a Potential Pitfall - The Maxed-Out Rent Roll Understanding the Statement of Net Cash Flow Understanding Effective Gross Income Understanding Operating Expenses Understanding Cash-On-Cash Return on Investment CHAPTER 3: ANALYZING THE OFFERING MEMORANDUM (OM) Summary of the Offering Memorandum (OM) Offering Summary Site Description Building Information Construction Information Mechanical Information Utilities Amenities Tax Information Zoning Information School Information Unit Mix Financial Information CHAPTER 4: THE LETTER OF INTENT (LOI) Introductory Paragraph Purchase Money Mortgage Closing Date Real Estate Commissions Earnest Deposit Closing Costs Inspection of the Property Due Diligence Period Title Insurance and the Title Company Financing Condition The Contract Withdrawal of Property from Market Non-Binding Agreement Confidentiality CHAPTER 5: PERFORMING PSYCHOLOGICAL DUE DILIGENCE Psychological Due Diligence Analytical Due Diligence Uncover the Inside Story of the Property Ask! Answer! And Analyze! Every Property Has Two Personalities CHAPTER 6: THE PROPERTY PROFILE What is it? What was it? What can it be? Third-Party Reports Put on Your Detective Hat and Start Interviewing Highest and Best Use Appraiser’s Methods to Value Property CHAPTER 7: THE FOUR BASIC METHODS TO INCREASE PROPERTY VALUE Purchase a Property and Do Zippo (Nothing) Purchase a Property and Increase the Property’s Revenue Increasing Revenue Billing Tenants for Utilities Purchase a Property and Increase the Property’s Rentable Square Feet CHAPTER 8: PURCHASE A PROPERTY AND DECREASE THE PROPERTY’S OPERATING EXPENSES Management Supervisory Management Decreasing the Property’s Operating Expenses Real Estate Taxes Warning: Danger! Danger! Contractors, Subcontractors, and Vendors (collectively “Contractors”) CHAPTER 9: UNDERSTANDING WHY CAP RATES CHANGE A Narrative of the Changes in Cap Rates: 1991 to 2019 The Start of a Comeback: Cap Rates Decrease 1997 to 2000 Factors Contributing to the Current Low Cap Rate Environment Tax Benefits: Before Trump’s New Tax Laws in 2017 A NOTE FROM SAM LIEBMAN APPENDIXES Chapter 2 Appendixes Chapter 3 Appendixes Chapter 4 Appendixes Chapter 6 Appendixes Chapter 7 Appendixes Chapter 9 Appendixes    


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Product Details
  • ISBN-13: 9781641466523
  • Publisher: Made for Success
  • Publisher Imprint: Made for Success
  • Height: 228 mm
  • No of Pages: 367
  • Spine Width: 20 mm
  • Weight: 494 gr
  • ISBN-10: 1641466529
  • Publisher Date: 24 Feb 2022
  • Binding: Hardback
  • Language: English
  • Returnable: Y
  • Sub Title: The commercial real estate blueprint that’ll save your asphalt
  • Width: 152 mm


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