The greatest fortunes can be made by catching “falling knives,” the once-in-a-generation opportunities to buy commercial real estate at a deeply discounted value DOING YOUR DUE DILIGENCE In every form of real estate purchasing or investment, due diligence plays a critical part in the exploration process. However, the distinction with distressed commercial real estate investing, where you need to act quickly to catch a falling knife, is that you often have to work with less. information and in a smaller time frame. During a normal market, you might have thirty to sixty days for due diligence; with a distressed property, you’ll usually have less. A peek at some of the info inside: LOSING IT ALL How, you might wonder, could being a millionaire be a curse? The curse was this: Once I hit my milestone, I took my foot of the gas pedal. Without an objective driving me to hustle, I grew complacent, even lazy. I should have asked, “What’s next?” then readjusted and set another goal, but I didn’t. I did not know it at the time, but a quote from James Clear, author of Atomic Habits, aptly applies to my life at that time: “Goals are for people who care about winning once. Systems are for people who care about winning repeatedly.” Chapter 1 - THE BEST TIME TO BUY: Buy when there is blood in the streets, even if the blood is your own. —Baron Rothschild Chapter 2 - CREATE FINANCIAL FREEDOM: Time is more valuable than money. You can get more money, but you cannot get more time. —Jim Rohn Chapter 3 - START WITH THE END Investment success doesn’t come from “buying good things” but rather from “buying things well.” - Howard Marks Chapter 5 - GOING ONCE, GOING TWICE, SOLD I was dancing on the skeletons of other people’s mistakes." - Sam Zell Chapter 7 - DON’T BUY THIS PROPERTY If you don’t look on yourself and think, “Wow, how stupid I was a year ago,” then you must not have learned much in the last year." - Ray Dalio
✔ Author(s): Jake Harris
✔ Title: Catching Knives: A Guide to Investing in Distressed Commercial Real Estate
✔ Rating : 4.8 out of 5 base on (35 reviews)
✔ ISBN-10: 1544520603
✔ Language: English
✔ Format ebook: PDF, EPUB, Kindle, Audio, HTML and MOBI
✔ Device compatibles: Android, iOS, PC and Amazon Kindle
Readers' opinions about Catching Knives by Jake Harris
Nayeli Hooper
Delve into a dystopian world where survival hinges on ingenuity and courage. The author's vivid descriptions and fast-paced narrative keep you on the edge of your seat. The protagonist's journey is filled with thrilling moments and unexpected twists. The world-building is detailed and immersive, creating a believable and haunting setting. It's a gripping tale that explores themes of power, resistance, and hope. Ideal for fans of dystopian fiction.
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