Based on The Commercial Real Estate Investment Playbook by Michael Bruni, CFA®. Learn the essentials free, then explore the deeper analytical curriculum planned for serious investors.
Start learning free ↗Commercial real estate is property used primarily for business or investment purposes. That can include warehouses, offices, retail centers, medical buildings, multifamily communities, and land.
Read the free lesson ↗Commercial real estate is not reserved exclusively for people who already have substantial wealth. Some investors begin with a smaller property, responsible financing, a business they operate, or a carefully structured partnership.
Read the free lesson ↗Different property types behave differently. A warehouse, medical office, and retail strip center may all generate rent, but the risks behind that rent are not the same.
Read the free lesson ↗Net operating income (NOI) is the property’s income after ordinary operating expenses, but before debt service and income taxes. A capitalization rate relates NOI to property value.
Read the free lesson ↗Before touring properties, identify what you want an investment to accomplish and how much risk you can actually afford.
Read the free lesson ↗Clarify your objectives, available capital, preferred property types, risk limits, and first-deal criteria.
Open worksheet ↗Explore NOI, cap rate, debt service, cash-on-cash return, and DSCR with editable assumptions.
Open calculator ↗