Dean Graziosi

In his new book Dean Graziosi teaches homeowners and real estate investor’s a like how to succeed in real estate investing. From buying homes to hold and house flipping, to finding fixer upper homes and tax sale properties, Dean teaches people to buy, sell, rent and flip real estate properties in a manner that is win-win for all parties involved. It’s a refreshing look at how anyone can make money in real estate within their local market while also helping strapped homeowners out of their predicaments.

“Be A Real Estate Millionaire: Secret Strategies For Lifetime Wealth Today” gives you a real estate investing education that is timely, because his book release and the skyrocketing home foreclosure rate have all converged in what might be considered the perfect storm. While many people are running for cover from forclosure, the folks that want to know how to make money in real estate are running for the Dean Graziosi book. People want to know the ways to make money in real estate that Dean has taught for over 20 years to novice real estate investors all across the United States.

The book has twenty easy to digest chapters broken up into three parts.

PART 1 Making a Fortune In Real Estate.

Ok, raise your hand if you don’t like that title. In this part (6 Chapters total) Dean demystifies the process of how the realestate market works from an investing point of view. You’ll leave this section some 80 pages later knowing exactly what you need to get started with real estate investments. His emphasis on identifying and learning about your local market is written clearly, with examples and stories to illustrate.

PART 2: Building a Foundation for Success.

Even though you may understand the real estate market, your knowledge is useless if personal mental blocks delay you in taking action. Dean helps his readers (and students) move past these hurdles by sharing stories that are as real as if you were standing there when it happened. He starts with getting your finances in order and closes this section by laying out precisely how to make your goals a reality.

PART 3: Creating Real Estate Wealth.

In this final section, Dean Graziosi combines everything you’ve learned in the first two sections about making money in real estate, with his win-win real estate strategy. At its core is the principle that if you understand the cycles of real estate, you can apply the perfect strategy to reap maximum profits in any real estate market.

Here’s an excerpt from Chapter 20: Starting Your First Deal Now

I had a lot of goals in writing this book, but my most important goal was to teach you as much as I could about the many resources that can help you make a fortune, just by learning to think of it differently.

After you identify the current real estate cycle, you can find the right property at the right price using the right strategy. You may borrow money from a bank, friends, the seller, or a mixture of many of the creative financing opportunities you’ve learned. You can start with a lot of money or nothing at all. What is most important is to just get started.

Success in real estate has less to do with how much money you have, than with how much creativity and desire you have. That’s what this book is all about helping you realized you can make a difference in your own life and the lives of those you care about –by thinking creatively and taking action.

“Be A Real Estate Millionaire” is exciting to read and easy to understand. Read the book several times with a highlighter in hand and then apply what you’ve learned. If you are new to real estate this will be a “5-star” book - a “must have” on your real estate bookshelf. If you are a real estate agent looking to buy and sell real estate yourself or work with investment real estate clients, this book again will likely be a “5-star” choice. Rest assured that even if you’re an old pro at real estate investing that final one-third of Dean’s book is worth every penny and what comes AFTER the book is worth millions.

If you are thinking about purchasing commercial real estate, it’s important to know that there are things that you can do to enhance and increase the value of your investment. As such, when you search for a commercial property, look at the property’s potential in addition to its historical data. Dean Graziosi

Because the value of commercial real estate is primarily driven by the cash flow that the property generates, any strategy you employ has the potential to increase your cash flow, decrease your expenses, and increase your overall equity and the value of the property. Below are five strategies you should consider when determining how you can make the most out of your commercial real estate investment.

1) Make Improvements to the Property

Improvements can take the form of cosmetic improvements or substantial rehabilitation. Cosmetic improvements include such things as new paint or wallpaper, new décor to the common elements, new landscaping, new carpeting/flooring, etc. Substantial rehabilitation involves making structural improvements to the property – for example a substantial rehab may involve redoing all the units of a multifamily property, or changing the structural façade of a shopping center, or making major renovations to the lobby of a large office building. In any case, you increase the value of the property for not only your tenants, but for your own portfolio as well.

2) Increase Rent

The value of your commercial real estate property can also be increased by increasing the rent. In reviewing the historical data on a property, take notice of whether the tenants are paying market rent or whether there is potential for a reasonable mark up in rents. Determine how the improvements you make to the property can justify your rent increase. Pay close attention to both the upper and lower level of rents that are being charged for similarly situated types of real estate so you don’t price yourself out of the market.

3) Decrease Expenses

Evaluate the historical operating statements of the property to determine if there are areas where you can decrease the expenses. For example, perhaps improving the property with more energy efficient light bulbs in the common areas will drastically reduce your monthly electrical bills. Or perhaps you find that the gas company can individually meter the units so that instead of paying for the gas, you can fairly pass that expense onto the tenants. In the vast majority of instances, a commercial property owner can cut expenses without significantly impacting the operations of the real estate itself.

4) Alter or Change the Property’s Intended Usage - Dean Graziosi

Often times, changing the use of a commercial real estate property can drastically change the value of the property. For example, suppose you find an old industrial warehouse in the middle of a bustling epicenter. Instead of keeping it as an industrial warehouse, you can seek a zoning variance to convert that warehouse to a hotel, or a condo building, or an office building, or any commercial use that makes sense for that location.

5) Add Amenities

Finally, you can also consider adding amenities to the property to make it more appealing and valuable. Value enhancing amenities can include something simple like creating a playground in a multifamily property or adding free wireless Internet for your retail tenants. Or you can add more extravagant amenities like a daycare center in your office building or an outdoor courtyard in a hotel property.

In sum, when scouting for commercial properties, look beyond the historical data and see what strategies YOU can employ to make the property more valuable. Know your property’s potential before you close the deal. The best deals are made when you buy a property, not when you sell a property!. For more discussion and details, please visit Dean Graziosi.