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I have encountered may property owners who are actually losing money by focusing on the wrong metrics or no metrics at all. Rarely does a real estate book get into the business and financial evaluation of real estate. They think they are making money, while actually lowering their long term net worth. Instead they talk about techniques at best or imposible to believe real estate "war stories" at worst. This a great primer for properly understanding cash flow and rate of return.the true bottom line. The author does try to pitch his programs to readers and visitors to his website, but the book does a good enough job explaining how to do your own calculations.The first part of the book builds up your understanding of financial concepts from the basics to the advanced. The second part is more a reference index to each concept or measure described in the first section with examples and commentary.
For everyone even THINKING about RE investment - from an agent's perspective to that of the investor, it is required reading. I've been back to it 20 times and 99% of the time, the answer I was looking for was there.
If you are a student in one of the finance fields, you need this book to keep on your desk from now through graduation and beyond. "What Every Real Estate Investor Needs to Know About Cash Flow.and 36 Other Key Financial Measures" is, I promise you, an absolutely painless and positively interesting way to learn these important concepts. In all my years of using financial analysis tools, teaching them to audiences all across the country, and educating students at my top-ranked College of Commerce, I've never encountered anything as clear and well written as Frank Gallineli's book. Anyone else, whether broker, investor, loan officer or business person, should also keep this book near at hand for easy reference. This slim volume manages to bridge the gap between sophisticated investors with a need to brush up on some financial tools, to complete novices with no finance or business background. All readers will find the book useful, straightforward, and full of helpful explanations that are thorough but never condescending. Because of the very modest price, I recommend you buy two copies--one to keep, and one to re-sell to the person who will inevitably want to "borrow" your copy and never return it.O. William Evans, J.D.Chairman of the Board of TrusteesAlabama Center for Real EstateThe University of Alabama127 Bidgood HallTuscaloosa, AL 35487
Why did I not come across this wealth of information before. Anyway, this is an indispensable aid to any RE numbers cruncher, do the maths, due diligence.whatever. When is the latest edition to the other book coming out. Can't wait.
This book is an essential for anyone new, or seasoned, in real estate. You won't find a better summation of how to cast you due dillegence net around any real estate you might want to buy. The style is easy to comprehend, just try reading up on internal rates of return in most of those other books out there. This book is a keeper for doing the numbers in real estate.
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