INTRODUCTION

 

Too Good To Be True?

 

            Many of the investors who contact me regarding the prospective purchase of a Commercial Real Estate property currently own one or a number of residential rental houses.  They are deeply involved in “Property Management”; They pay the taxes and insurance on their properties, collect rents, and are responsible for all maintenance, including plumbing, electrical, landscaping, roofing, general repairs, etc.

 

            They may often do the work themselves if they have the necessary skills.  This means that when they bought the property for investment purposes they also bought themselves a job.  Some of them have hired a property management company to do all this for them in return for 10% of the gross rent.  That’s 10% of their anticipated profit going to someone else.  Often the management company is earning more on their investment than they are! 

 

            Then I explain to them the advantages of owning a Net Leased Commercial Property:  Absolutely no management responsibilities with their Tenant paying all taxes, insurance and doing all the maintenance.  The investor’s only two duties each month are to deposit the rent check and pay their mortgage note.  The difference between the two is their monthly cash return.  In addition, with their Tenant’s rent, which increases over time, plus their equity buildup which increases monthly, they can anticipate a return of fifteen to twenty percent on their cash down payment starting year one and increasing annually.  Invariably their response is “But that sounds too good to be true!”

 

            In this book I will show you that it is absolutely true and is the safe, sure and easy way to separate “work” from “investment” and to become an “Armchair Real Estate Millionaire”