Confessions of a Real Estate Entrepreneur: What It Takes to Win in High-Stakes Commercial Real Estate 
asked by advisor on November 18, 2006 10:38 AM
The truth about how to survive and profit in the competitive field of commercial real estate
Not a get-rich-quick, no-money-down fantasy, Confessions of a Real Estate Entrepreneur is a guide for investors who are ready to play hardball. James Randel focuses on commercial deals with the highest potential yields, presenting a model for aggressively generating returns many times greater than what people usually net from real estate investments. Loaded with candid real-life stories that demonstrate Randel’s strategies in action, this book fills you in on insider negotiating secrets, how to tie up properties with minimum risk, how to profit from options, how to use contracts with contingencies, and other priceless lessons.
If you're ready to move beyond basic buy-and-hold or fix-and-flip investing, Confessions of a Real Estate Entrepreneur is for you. Full of real-world wisdom from successful investor James Randel, this insider's guide is packed with detailed examples of real-life deals, demonstrating strategies to help you you avoid the mistakes that Randel and other investors learned the hard way. You'll learn about: Due diligence and researching properties Financing strategies that maximize your buying power Legal terms, issues, and conditions you should understand Profiting through option agreements the thirteen vital skills for real estate success "Confessions of a Real Estate Entrepreneur provides all the tools for analyzing, buying, improving and profiting from the investment in income producing properties."--Jeff Dunne, Vice Chairman, CB Richard Ellis "Jim's focus on the building blocks, the creativity, and the strategy of deal making gives readers a front row seat into this high stakes, and richly rewarding game."--Jim Fagan, Managing Director, Cushman & Wakefield"If you are or want to be a serious and successful real estate investor, this is a 'must-read' book... one of the best real estate investment books I’ve ever read. On my scale of one to 10, this unique book rates an off-the-chart 12." -- Robert Bruss
Reviews
0%
0%
I have over 100 RE books in my library and I would rank this in the top 5. It's very different from most books you will read - how many authors admit to, and document their mistakes? I have a Master's in RE, done some development projects and I still learned alot from this book.
Note: It's not a book for a pure beginner. For them I recommend one of the non-no money down books to learn the basics of LTV, cap rates, etc. Then study this book over and over.
Doing that will save you years in your real estate education. It's cost me over $100,000 in life "lessons" to learn what you will learn in this book.
Thanks Mr Randel.
Note: It's not a book for a pure beginner. For them I recommend one of the non-no money down books to learn the basics of LTV, cap rates, etc. Then study this book over and over.
Doing that will save you years in your real estate education. It's cost me over $100,000 in life "lessons" to learn what you will learn in this book.
Thanks Mr Randel.
reviewed by webster on November 22, 2006 5:27 AM
0%
0%
The author shares some excellent tools for real estate success. He is in the industry and not an "ivory tower" instructor. I enjoyed this book greatly and highly recommend it to anyone in commercial real estate.
reviewed by scanner on November 23, 2006 1:48 PM
0%
0%
I have to admit that this book was a real disappointment. I was expecting more from an internationally known real estate developer but was highly disappointed. Sounds to me like he got into the market at the right time and that is more luck than skill.
reviewed by axelrose on November 29, 2006 4:45 PM
0%
0%
James Randel shares great concepts that were acquired over 25 years of deal making that are well worth anyone's time who has any interest in real estate. I've been on Wall St. for 11 years and doing real estate deals for 6 and must say I agree with 100% of what is in this book. He gives you the play by play on a few multi million dollar deals that have worked out well and surprisingly enough on some that have not. A few great lines:
"Never believe your own press clippings"
"Never take anything for granted"
He lists 13 "Success Skills" and says, "I do not believe success is an accident" The 1st skill is PASSION, where he says, "A small difference in energy can sometimes be the difference between success and failure."
Next is "Work Ethic" I love this one, "If you're not willing to work hard at the real estate game, do not come out of the dugout."
Also key for people to understand is how NOI (Net Operating Income) affects the price of a property, and how improvements in the net can boost the price of a property even if nothing else has changed.
Interestingly he talks about South Florida where my partner and I have also had tremendous success. He's hot on "North Beach" which is just north of South Beach in Miami. We are a bit further North in Hollywood Beach, but none the less our premise is the same as his; the wave of growth is heading north.
By Kevin Kingston author of, A 20,000% Gain in Real Estate
My Blog bloglines.com/blog/KevinKingston
"Never believe your own press clippings"
"Never take anything for granted"
He lists 13 "Success Skills" and says, "I do not believe success is an accident" The 1st skill is PASSION, where he says, "A small difference in energy can sometimes be the difference between success and failure."
Next is "Work Ethic" I love this one, "If you're not willing to work hard at the real estate game, do not come out of the dugout."
Also key for people to understand is how NOI (Net Operating Income) affects the price of a property, and how improvements in the net can boost the price of a property even if nothing else has changed.
Interestingly he talks about South Florida where my partner and I have also had tremendous success. He's hot on "North Beach" which is just north of South Beach in Miami. We are a bit further North in Hollywood Beach, but none the less our premise is the same as his; the wave of growth is heading north.
By Kevin Kingston author of, A 20,000% Gain in Real Estate
My Blog bloglines.com/blog/KevinKingston
reviewed by radar on November 29, 2006 6:16 PM