Andrew Allentuck

Friday, November 3, 2000

How to Make Money in Commercial Real Estate for the Small Investor
By Nicholas Masters
John Wiley & Sons, 301 pages

Nicholas Masters is a real estate broker with extensive experience as an investor in commercial and residential real estate. A former accounting professor, he shows readers how real estate investments work, discusses their risks and vulnerability to economic cycles, explores financing options, guides the reader through site selection, negotiations and management.

The reader will need more experience with such things as forms of title, insolvency, appraisal techniques and forms of finance, but this book is valuable as a basic, first course in real estate investment. The content is oriented to the U.S. investor, particularly in tax discussions, yet the principles of real estate investing have no borders.