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The Insider's Edge to Real Estate Investing: Game-Changing Strategies to Outperform the Market James Nelson full chapter instant download
The Insider's Edge to Real Estate Investing: Game-Changing Strategies to Outperform the Market James Nelson full chapter instant download
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To the Moon Investing: Visually Mapping Your Winning
Stock Market Portfolio (Wiley Finance) 1st Edition
Kelly J. Frank
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PRAISE FOR
THE INSIDER’S EDGE TO REAL
ESTATE INVESTING
ISBN: 978-1-26-486673-1
MHID: 1-26-486673-9
The material in this eBook also appears in the print version of this
title: ISBN: 978-1-26-486599-4, MHID: 1-26-486599-6.
TERMS OF USE
Prologue
Acknowledgments
Introduction
Final Thoughts
Index
FOREWORD
by Ryan Serhant
A
s a broker in New York City, I get asked for advice all the time.
I’m always happy to share my knowledge about the industry
with one big exception. When clients of mine come to me and
say, “Ryan, renting out our apartment worked out so well. We want
to up our game! We’re thinking about buying a building. What do we
do and how do we get started? What do we need to know about
investing in commercial real estate to be successful?” My response is
simple and always the same. Call James Nelson! He’s the best! As
one of the top investment sale brokers in New York City who has
closed hundreds of deals, his experience and expertise can’t be
matched. James knows the ins and outs of every step of the
process, from finding the right property and the right tenants to
raising capital. As a broker I know how complicated a real estate
transaction can get, but James’s approach to investing is
straightforward, clear, and best of all, it works.
There is no one more perfectly positioned to write this book than
James. The Insider’s Edge to Real Estate Investing is a gift to
anyone who is thinking about investing in real estate because it tells
you exactly what to do. Think of this book as a blueprint for getting
ahead in the real estate game. The Insider’s Edge to Real Estate
Investing covers all the bases . . . from the fundamentals of
investing to putting together the right team of people. Investing in
real estate is a big decision, but after reading this book you will be
ready to take action. You can move forward knowing you’ve armed
yourself with the knowledge you need to be a successful buyer.
What are you waiting for? Start reading! Dive into this book, soak up
all of James’s unique wisdom, and get ready to reap successes.
PROLOGUE
G
rowing up, nobody in my family invested in—or even dabbled
in—real estate, with one exception: my grandfather. Even he
wasn’t strictly a full-time investor; by day, he worked in the
auto industry. Over the years, he successfully ran multiple car
dealerships. On the side, he invested in properties to create returns
and build his retirement savings.
As a child and later in college, I observed my grandfather’s real
estate investment portfolio grow. While I didn’t fully understand it
back then, his investments typically consisted of buying the land for
his auto dealerships and then leasing that property back to his
business. His taste for real estate investments didn’t end there; he
also bought and sold homes. It wasn’t unusual for him to have his
hands in multiple projects at once: fixing up places, renting them
out, putting them on the market, and so on.
Throughout the time I knew him, my grandfather prioritized real
estate over other types of investments. He shied away from the
stock market, perhaps because he felt like an outsider in that space.
In real estate, however, he was a true insider. He possessed a deep
understanding of properties, returns, and his own personal tolerance
for risk. Thus, he chose to keep his savings—and earnings—in that
market. I recall hearing him often repeat the adage first coined by
Mark Twain, “Buy land, they’re not making any more of it.”1
My grandfather had an innate appreciation for assets that could
hold their value—and better yet, grow in their worth, especially
when they did so because of his work. He knew when to acquire
properties, how to reposition them, and how to structure deals for a
great return. Perhaps most importantly, he wasn’t afraid to dive in
and take calculated risks. Sure, he learned from his mistakes, and
then applied those lessons to his next efforts. His drive for
discovering new insights and moving forward reflected in the real
estate empire he built over the course of his lifetime.
Only after I had graduated from college did I begin to fully grasp
my grandfather’s dealings. Reflecting on it now, I am forever grateful
for that glimpse into the strategies he incorporated. It certainly
played a role in my life later, when I ended up walking the streets of
New York with a job in real estate.
My pathway to the financial capital of the world and a career in
real estate wasn’t direct. I was born in Madison, Wisconsin, where
my father worked as a general practitioner. When I was 10 years old,
he received a job offer to work at the Washington Hospital Center,
the largest private hospital in the nation’s capital city. He accepted,
and the position prompted a move for our family to Bethesda,
Maryland, right outside the northwest tip of Washington, DC.
I started sixth grade after the move and dove into life in our new
area. In a sense, I literally dove—into a pool. I took up swimming
and went on to compete as an athlete in college, at Colgate
University. When selecting a major, I chose English (during those
years, there was no real estate program available). I found time to
study between swim meets, and eventually went on to become
captain of the swim team.
While I could maneuver my way around team sports, competition,
and what it took to get a liberal arts education, I didn’t have a
strong direction toward the future as graduation neared. At the start
of the spring semester during my senior year, I was still trying to
figure out what exactly I was going to do once school ended.
Options abounded. I tossed around the possibility of moving to the
West Coast to make movies. That had a strong appeal . . . until I
learned no one was willing to pay me a salary to create films! Also, I
didn’t have any money to get started on my own.
Hanalei, the cold land, the wet Hanalei aina anuanu, aina
land, koekoe,
The land where the end is. Aina a ka pea i noho ai,
For Kauahoa, the stalwart youth Ea Kauahoa ka ui o Hanalei.
of Hanalei, is here.
“These are all the men that are Olelo hou mai o Aikanaka: “O na
left on the hill,” continued kanaka iho la no ia o ka puu i
Aikanaka. “Not very many. All the koe, aohe mahuahua, ua pau loa
men are dead.” After Aikanaka na kanaka i ka make.” A pau ka
had told Kawelo of this, he then hai ana aku a Aikanaka ia
addressed his priests, fortune- Kawelo, olelo aku la ia i kana
tellers and astrologers: “I must mau kahuna, a me na kilo, ke
go down and meet Kawelo.” 64 kuhikuhipuuone: “E iho au e ike
Said Aikanaka to the priests: “I me Kawelo.” Wahi a Aikanaka i
thought this land that Kawelo is na kahuna: “Kai no paha no
battling for belonged to him, but Kawelo nei aina e kaua mai nei,
[I see] it is not. It is my own; I am aole ka! No’u no. Owau no
above, he is underneath.” The maluna, oia no malalo.” I mai na
priests then said to Aikanaka: kahuna ia Aikanaka: “Pehea oe
“How can you go and meet e hele aku ai e ike, he ’lii oe, he
Kawelo, for you are a king and kauwa ia, he helu elelu kona
he is a servant. His grandfather kupuna, no ka uka ae nei o
was nothing but a counter of Kulahuhu la, o Nahanaimoa ka
cockroaches who lived in the inoa.”
uplands of Kulahuhu,
Nahanaimoa by name.”