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    The Secret of Real Estate Revealed
    The Secret of Real Estate Revealed
    The Secret of Real Estate Revealed
    Ebook85 pages1 hour

    The Secret of Real Estate Revealed

    By Frics Mai and Lance W. Dore

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    About this ebook

    Investing in real estate can seem complicated, but once you understand the fundamentals of the real estate investing pyramid, you will be on your way to making riches.

    But you must establish the building blocks that will lay the foundation of your portfolio. You must understand how value is created, how it is enhanced, and how it is maximized if you want to make the most of your investments.

    Luckily, the laws of real estate exist to help you to make sound decisions. Many people have found out the hard way that when you break the laws, you get penalized. Consistently obeying the laws leads you to wealth.

    Gain the understanding you need to outsmart others, and learn about all the laws of real estate--including the law of replacement, the law of supply and demand, the law of positive and negative, and the law of cycles.

    Put your future into your own hands by learning the secrets that successful real estate investors want to keep to themselves. Equip yourself with the tools to plot a path to success with The Secret of Real Estate Revealed.

    LanguageEnglish
    PublisheriUniverse
    Release dateJan 5, 2011
    ISBN9781450274432
    The Secret of Real Estate Revealed
    Author

    Frics Mai

    Lance W. Doré provides consultation and valuation services in the United States, Tokyo, South America, Cyprus, and Russia, in all property types. He has been in the real estate business twenty-seven years, and he has been a guest speaker and consultant for the US Federal Government, Republic of Cyprus, and the Russian Federation.

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      Book preview

      The Secret of Real Estate Revealed - Frics Mai

      The Secret of

      Real Estate Revealed

      cover.jpg

      Lance W. Doré FRICS MAI

      iUniverse, Inc.

      Bloomington

      The Secret of Real Estate Revealed

      Copyright © 2010 by Lance W. Doré FRICS MAI

      All rights reserved. No part of this book may be used or reproduced by any means, graphic, electronic, or mechanical, including photocopying, recording, taping or by any information storage retrieval system without the written permission of the publisher except in the case of brief quotations embodied in critical articles and reviews.

      iUniverse books may be ordered through booksellers or by contacting:

      iUniverse

      1663 Liberty Drive

      Bloomington, IN 47403

      www.iuniverse.com

      1-800-Authors (1-800-288-4677)

      Because of the dynamic nature of the Internet, any web addresses or links contained in this book may have changed since publication and may no longer be valid. The views expressed in this work are solely those of the author and do not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.

      ISBN: 978-1-4502-7441-8 (sc)

      ISBN: 978-1-4502-7442-5 (hc)

      ISBN: 978-1-4502-7443-2 (e)

      Printed in the United States of America

      iUniverse rev. date: 06/02/2011

      Contents

      PART ONE

      Introduction:

      What Is the Big Deal?

      Chapter 1—The Players

      Chapter 2—Under It All Is Land

      Chapter 3—The Core Four

      Chapter 4—Creat ing Value

      Chapter 5—Enhancing Value

      Chapter 6—The Maximization of Value (or The Highest and Best Use)

      Chapter 7—The Secret to Real Estate

      PART TWO

      Chapter 8—The Law of Scales

      Chapter 9—The Law of Harmony

      Chapter 10—The Law of Limits

      Chapter 11—

      The Law of Common Sense

      Chapter 12—The Law of Hope

      Chapter 13—The Law of Supply

      and Demand

      Chapter 14—The Laws of

      Positive and Negative

      Chapter 15—The Law of Phases

      Chapter 16—The Law of Whole

      Chapter 17—The Economics

      PART ONE

      cover.jpgmissing image file

      Introduction:

      What Is the Big Deal?

      There are 75,000,000 homeowners in the United States, and based on the average home value of $270,000, the combined total homeownership value is $20.25 trillion. Now, let’s add the value of all commercial real estate. It is estimated that commercial real estate—which includes apartments, retail stores, industrial buildings, office projects, as well as a variety of special purpose properties, including hotels, senior housing, self-storage facilities, private education facilities, religious institutions, gas stations, and a variety of related medical and scientific facilities—are worth between $10.00 and $11.00 trillion combined.

      We still have not accounted for the value of government property. It is estimated that the federal government owns 650,000,000 acres of land. This includes military bases, testing grounds, national parks, Indian reservations, or land leased to private commercial ventures for forestry, mining, and agriculture. Cumulatively, the U.S. federal government owns and controls 30 percent of the entire available lands in the United States. At $5,000 per acre, taking into account the contributory value of improvements, the value of government-owned land would be $3.25 trillion. This does not include the public ownership within the 50 states, 3,141 counties, and 30,000 cities. All totaled, the value of real estate in the United States conservatively ranges from $30 to $35 trillion on any given day.

      Let us compare this to the New York Stock Exchange, which has a domestic market capitalization ranging from $15 to $18 trillion. So what is the big deal? The big deal is that the total value of real estate is about $15 trillion more than the total value in the stock market creating the largest single source of wealth for individuals, corporations, and municipalities. Let’s face it—real estate is a big deal!

      As of January 2010, the federal government’s budget deficit was approximately $1.35 trillion. If the federal government consolidated and sold just 30 percent of its real estate inventory, the deficit would be balanced. Yes, real estate is a big deal.

      Figures for the global markets are less defined, but the value of institutional-grade commercial real estate (excluding the United States) totals approximately $15 to $16 trillion. The top ten international commercial real estate markets are:

      • Japan - valued at $2 to $3 trillion

      • Germany - valued at $1.5 to $2 trillion

      • United Kingdom - valued at $1 to $1.5 trillion

      • France -

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