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The REFM Guide To The Real Estate Business E-Book

The REFM Guide To The Real Estate Business E-Book

Ratings: (0)|Views: 4,536|Likes:
Published by bkirschrefm
REFM's Free E-Book that provides a foundational proprietary framework through which you can view and understand the real estate business.
REFM's Free E-Book that provides a foundational proprietary framework through which you can view and understand the real estate business.

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Published by: bkirschrefm on Aug 30, 2010
Copyright:Traditional Copyright: All rights reserved

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09/29/2011

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Real Estate Financial Modeling’s 
 
Guide To The Real Estate Business
 
 www.realestatefinancialmodeling.com Photograph by Zoltan Farago. All rights reserved. All Other Contents Copyright © 2009 Real Estate Financial Modeling, LLC. All rights reserved.
 
 
 
 Table of Contents
Foreword3 Why Real Estate?4 A Big-Picture Real Estate Business Framework5 Types of Real Estate6 Types of Real Estate Investors7Elements of Real Estate Investment8 Types of Capital9Equity9Debt101031 Exchange11Uses of Capital12Investment Objectives and Methods13Income (Maximizing Cash Flow and Yield)13-14Recouping of Investment and Profit Taking15 Valuation of Real Estate16Discounted Cash Flow and Time Value of Money Model16-17NOI, Cap Rates and Comparable Sales Model18-19Replacement Cost19 Additional Resources20-21
 
 
 
Foreword.
 This guide has been kept concise so that it can be read in a singleafternoon. It is written on a basic level and is primarily intended to bring up to speedthose with little prior exposure to the world of real estate. However, there is likely something of interest in the guide for readers of all levels of expertise. The guidetakes a big-picture view of the industry and attempts to show how all of the pieces fittogether. It is by no means an exhaustive treatment, and is best read as a companionto Professor Peter Linneman’s Real Estate Finance & Investments: Risks andOpportunities textbook, with the
Barron’s 
Dictionary of Real Estate Terms at hand. I wish you all the best in your real estate endeavors.Bruce KirschPrincipalReal Estate Financial Modeling, LLC www.realestatefinancialmodeling.com 

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