From Landlord to Investor: Volume 3

47-page guide: retail, office, industrial, warehouse and owner-user commercial real estate.

In commercial real estate you don't just buy a building, you buy the leases. Tenants are businesses, leases run for years, and tenants often pay the taxes, insurance and maintenance. Vacancies are rare but expensive. This volume teaches you to read leases, judge tenants and finance the buildings businesses run from, with the pros, the cons and the math.

Inside the 47-page guide (16 chapters + glossary): commercial vs. residential, with pros and cons. The asset classes at a glance. Commercial leases decoded: gross, modified gross, NNN, absolute NNN, and the clauses that matter. How commercial property is valued (tenant credit, lease term, WALT). A three-tenant retail strip underwritten start to finish. The real cost when a single tenant leaves a warehouse.

Deep dives on retail and mixed-use, office and medical office, and industrial, flex and warehouse (clear height, docks, power). The owner-user path: buying your business's building with SBA 504 or 7(a), with a rent-vs-own example. Commercial financing, due diligence and environmental risk (Phase I), leasing and management, and tax concepts (education only). A flex-building case study from purchase to lease-up to refinance. Illustrated with photographs and charts.

Includes the Excel Scale Planner (portfolio review, two-path comparison and the 5+ Unit Analyzer for NOI and loan sizing).

By Kevin Lewis, FAAS Funding. Volume 3 of 3. Educational material only: not tax, legal, environmental, investment or lending advice. FAAS Funding is not a lender.