| Commercial real estate is like a charmed | | | | penny saved is a penny earned" adage regarding |
| substance that can exponentially increase the | | | | that limited resource. An hour saved is an hour |
| value of your utmost, very limited, resource. That | | | | earned. You can't make proper use of your time |
| resource is, of course, the hours in your day. No | | | | if you spend it chasing pennies. That's where |
| matter what you do, you can't make more time. | | | | commercial real estate comes into play. |
| Wealth seems just as limited, but you can always | | | | When one becomes a real estate investor, he |
| make more, if you know how. Much people think | | | | opens the door into an entirely new financial world. |
| they know how the two are related, that they | | | | Developing an awareness of investment real |
| can transform their time into money. | | | | estate is like suddenly getting a new pair of eyes, |
| There are times that they become frustrated | | | | which allow you to see farther in each direction. |
| when they ponder about their financial goals and | | | | That is because investing is a way to make your |
| about how many hours they would have to work | | | | hours represent many more dollars than they |
| to make the money they need to make their | | | | would if you simply relied on the income from a |
| dreams come true. They become frustrated | | | | job. Look at it like this - if you make a nice salary, |
| because they realize it isn't possible, that there | | | | say $50 per hour, you are limited by the number |
| simply aren't enough hours in the day to | | | | of hours in the year it is physically possible to |
| accomplish their financial goals. What they don't | | | | work. Never mind the fact that you are also |
| know is that with a little financial physics, they can | | | | limited by the number of hours that actually |
| increase the monetary density of an hour simply | | | | exists in a given year. But what if you make only |
| by investing. | | | | $15 an hour? How in the world are you ever to |
| Commercial real estate will help you live by that | | | | make your dreams come true? |
| old saying, "Work smart, not hard." Your output | | | | What you need to do in order to become a real |
| on your job is limited. Even if you could work | | | | estate investor is educate yourself. Don't just |
| 24-7, you could only make so much money at | | | | grab a real estate listing and jump in as though |
| any rate of pay and your employer is going to be | | | | you were playing at the roulette wheel in Vegas. |
| willing to pay you only so much money for the | | | | Although there is a certain amount of luck |
| work anyway. If you could somehow make those | | | | involved, this is not a gamble. You must learn |
| hours worth more without having to put out | | | | about the real estate market so you can make |
| more work per hour, then perhaps you could earn | | | | educated guesses about where to put your |
| enough money to accomplish your dreams and | | | | money. |
| goals. With commercial real estate, this type of | | | | Learning to read financial statements and other |
| philosophy becomes possible. | | | | basic accounting skills is a great first step. In fact, |
| It's wondrous how interesting commercial real | | | | it is necessary. You can't win at the game unless |
| estate tends to become the older you get, the | | | | you know the language of the game, and that |
| more you start thinking about money, your | | | | language is finance. Take a few commercial real |
| future, and how the two relate. Whatsoever your | | | | estate courses. You will need to know the types |
| dreams are, you will need two things to | | | | of real estate that is out there, as well as the |
| accomplish them - money and time. Money, you | | | | types of investments. You will need to know the |
| can make an finite supply of, as long as you can | | | | terminology and you will need to get to know |
| figure out how. Your time, however, is finite. | | | | people in the business arena. |
| However, you can, , apply Benjamin Franklin's "a | | | | |