Let Me Give You Something - FREE - 10/29/10 09:51 AM
That's right, I'll sign a FREE copy of my book just for you==>>Watch the Video

To register click CLICK HERE or call 313-444-9691
Seating is Limited So Do It Right NOW!
Event Dates Are:
Thursday November 4th. from 7PM to 9PM
and
Saturday November 6th. from 2PM to 4 PM
Both will be held at the Embassy Suites Detroit Southfield, Michigan28100 Franklin RoadSouthfield, MI
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3 Things to look for in a Commercial Real Estate - 10/29/10 07:11 AM
The most important part of commercial property investing is finding the deal(s). The person who controls the deals holds the "keys to the kingdom". Every business has two core elements: marketing and innovation. With commercial properties, you are always marketing for three things: the deal, capital and tenants.
Finding the deal is the biggest and most exciting part of the real estate business, I think. It is simple but it is not necessarily easy. I love the research and the searching part of it. The discovery part is fun as well. And I love finding out who actually owns the property, … (0 comments)

Is Marketing the Key to Real Estate Investing? - 10/28/10 10:57 AM
The first key to being successful in the area of marketing is to think positively about your abilities to buy and sell commercial real estate, and have the confidence that you have the skills necessary to put successful strategies in place to reach your goal(s). Know this, if you passionately believe in your skills and abilities, your potential clients are going to believe in you as well, this self-confidence will increase the chances of them doing business with you in the future.
Offering your clients an incentive to doing business with you will motivate them to act fast. Trust is a … (0 comments)

Is There Competition For Commercial Real Estate? - 10/27/10 11:16 AM
One of the old sayings from old school business men was, to be aware, concerned about, or even intimidated by one's perceived competition. After all, competitors can swoop in and gobble up sales that were otherwise yours for the taking, right? The better approach, in todays society is to embrace the idea of competition and/or make you look at competition a whole new way when it comes to commercial properties.
Reasons for fearing the competition in commercial real estate usually stem from a feeling of not being financially ready to pursue larger purchases or at least the purchase you are looking … (1 comments)

Make your Fortune in Real Estate Investing in Creative ways - 10/25/10 11:29 AM
I've always believed in learning from the best. In my real estate career that started with me being broke and ending up  with millions in the bank and several thousand square feet of real estate.  I have made mistakes, and learned from them,  but I also made sure that I learned from those who were ahead of me and were successful.
As you'd expect I get asked for a lot of advice and many questions about the best way to succeed in real estate and in  many cases I point to those who attend my class, which is designed to help … (1 comments)

Successful Real Estate Investing Requires a Team (Part Two) - 10/22/10 09:00 AM
In part one I covered only some of the essential team members that you’ll want to have in place to be successful in REI (Real Estate Investing) below I will cover the others needed:
Private lenders: These are critical to your success, with banks and lenders holding onto all the money it is essential that you have private money lenders lined up so that you can close that deal if it requires money at the last hour of closing. I will do a post later on how you can get all the private money you will ever need. Stay tuned!
An … (1 comments)

Successful Real Estate Investing Requires a Team (Part One) - 10/21/10 03:06 PM
Some of the essential team members that you'll want to have in place are:
Bird dogs: these are critical to keeping your pipeline full at all times. If you reward themcorrectly you will have deals for a long time.
Real estate agent or agents: You are probably saying why would I need an agent if I have birddogs, well it is simple, agents can get you deal that bird bogs can't. In a deal we are workingnow an agent brought it to us directly from a bank.
A commercial mortgage broker and a banker: Why do you need both, again the … (1 comments)

Fractured Condo and Opportunity - 10/20/10 08:23 AM
A fractured condo is a residential condominium complex where some of the units were sold as condo's, but the bulk of the units remain unsold and are rented out as apartments. Typically the rental units are put in a rental pool that is run by a large management company.
 

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Commercial Real Estate and Cap Rates - 10/19/10 11:27 AM
In this video I explain cap rates and how they relate to the rate of return that you as an investor want to recieve on your investment.
 

 
Cap Rate Example
Equity .20 (20% Down Payment) X .15 (Rate of Return) = 3.0Debt .80 (Amount Financed) X .05 (Debt Constant) = 4.0Cap Rate to Buy at to Get A 15% Rate Of Return 7.0
20 X .20 = 4.080 X .05 = 4.08.0
For More Information or To Sign Up for Our E-NewsLetter visit: http://www.stratheracademy.com
 
… (0 comments)

5 Unique Ways to Fund Your Next Deal - 10/18/10 12:07 PM
Despite the current slump in the housing market, it can be the right time to acquire funding for a commercial real estate. I got into the real estate game when I had no money so I had to do deals creatively, but I have developed systems that allow me to not only survive the slump, but profit from it. We all know the time to buy is not when you hear everyone saying it a great time to get in the market. We are in the best time in history to get into commercial real estate. Because I had no money … (0 comments)

Apartments – Your Road to Wealth - 10/15/10 08:01 AM
It's a fact that those who travel down the real estate investor path have one ultimate aim in mind: total financial freedom. But while this is the common uniting thread in the way they do pretty much anything, different real estate investors have different ideas about how to get there. This is why many tend to either take a really long time to get rich, or simply stop as they are getting there because the going is too tough.
As a real estate developer who has become rich by practicing what he preaches, I can both understand the problems involved and … (2 comments)

Building Your Property Management Team - 10/14/10 07:31 AM
As important as property management can be to successful ownership of commercial properties,  it is also not limited to a single person or company. To what extent you view the concept of  property management as a team effort can often determine your relative success as a property  owner.
Let's explore the basic components of a management team and what each component needs to be  able to do for your commercial property business.
First, there is the core management group. This person or group should handle the following tasks:
Tenant applications Holding security deposits in escrow Coordinating tenant background and credit checks … (0 comments)

The Importance of Good Due Diligence - 10/13/10 09:39 AM
Any commercial real estate (CRE) deal worth doing should be able to withstand a little due  diligence. I want to discuss examples of due diligence you'll want to perform beforeyou put the final touches on that Purchase Agreement (PA) and they include:
 · Property Inspection
· Market Analysis (values, rents, etc.)
· Title Search & Inspection
· Lien Review
· Confirmation of Seller's Mortgage Balance and Payment
· Confirmation of "Currency" of Seller's Mortgage
• Mortgage Terms (e.g. fixed or adjustable, prepayment penalties, etc.)
 Let's spend some time on some of the most important due diligence items from the list, which … (4 comments)

Reciprocity and Social Media - 10/12/10 11:15 AM
At a recent event I held I gave away my book, "Getting Rich is Easy" FREE! Man, that made me feel very good doing that, also it made the people there feel good as well. Actually I believe I had more people there because I gave away something.
Watch the short video:

In this day and age of seminars giving more than you get is a must! I had the books anyway and if that gets a student closer to feeling like they can do what I'm asking them to do, which is Invest in Commercial Real Estate then it … (0 comments)

 
Herb_ar

Herbert J Strather

Detroit, MI

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Strather Academy

Address: 300 River Place, 6600, Detroit, MI, 48207

Office Phone: (313) 446-6900

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