CONFESSIONS OF A BANKER IBD

Sinopse

The best business owners buy their own buildings.Business is extremely difficult. You will see the stats of business owners who fail before the ten-year mark range from as low as 75% to as high as 95%. One of the very best ways to ensure your success and your survival is to buy your own building. This book is all about the twelve reasons every business owner should do this. The best business owners I know have done this.Banks are incredibly profitable, and how banks derive the largest percentage of their income is through loans. Of all the loans that banks originate, their favorite is an owner-occupied commercial building. Do you wonder why that is? This book goes into great detail as to why.Real world success stories from the final chapter of this book:#1 As a practicing CPA I always wanted to own a business. Real estate is the only business where you can own 100% of the business by investing a very low down payment. I chose the hotel business for that reason. I have bought, constructed, and sold several hotels accumulating sizable wealth.Shane, as our banker, financed multiple hotels on our behalf. As an entrepreneur turned banker he not only understands banking, but has a great ability to grasp the depth of the ownership group along with the financial side of the business. As a business owner I am greatly indebted to Shane for our success in hotel ventures.-Harish D. #2 Looking back 20 years later, I would not be where I am without buying commercial real estate for my business. It has created the lion share of my wealth and changed the trajectory of my life. The tools and advice Shane writes about he actually helped me implement personally.-Whit F.#3 Real estate has been extremely valuable to my business over the years. Acquiring my Dallas office building has enhanced our law offices for our clients as well as our employees to receive excellent law services, a top notch work environment and the overall services they receive. Financially, it has helped me tremendously. It has not onlybuilt my retirement but helped build a legacy for my family.-John S.#4 Debi and I acquired our first gym in 1991. The business was renting a small storefront in an industrial area. When the lease expired, we acquired the land next door and constructed our first building. As we expanded, we started our own construction company and purchased real estate using demographic modeling and value engineering of our buildings. The development process allowed us to rapidly gain equity in each location and now through expansion, we have not only a successful operating business, but real estate assets that will produce rental income for our Property HoldingCompany. Investing in real estate was the best decision we have ever made and will provide income perpetually to our family trust.-David H.#5 Real estate has been extremely valuable to the business over the years. The building allowed the law practice clients as well as the employees to receive excellent treatment and it enhanced the service they received. Financially, it has helped me tremendously. It has not only built my retirement but helped build a legacy for my family.-Sheldon A.