Real Estate Finance and Investment Manual PDF Download

Author: Jack Cummings
Publisher: John Wiley & Sons
ISBN: 111803953X
Category : Business & Economics
Languages : en
Pages : 645

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Book Description
Updated and revised to include ten years of new developments in real estate investment, Real Estate Finance and Investment Manual, Ninth Edition is the definitive guide to financing for all real estate investors. Understand all the financing options, learn how to choose an appropriate strategy, read about insider techniques, and get hands-on experience with case studies and helpful checklists.

Author: James P. McAndrews
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 404

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Book Description
The book covers the steps in handling a commercial real estate transaction from start to finish, including those most commonly encountered in a transaction, such as brokerage problems, leases, mortgages, title insurance and surveys. In addition, the book covers material that may not be easily available to a new or less experienced practitioner, such as handling mortgage workouts after a default, wrap-around mortgages, reciprocal easement agreements, and air rights.

Author: Patrick Hetrick
Publisher:
ISBN: 9780970490797
Category :
Languages : en
Pages : 0

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Book Description
The north Carolina Real Estate Manual is published by the North Carolina Real Estate Commission, an independent state regulatory agency. The Manual addresses the basics of North Carolina's real estate law and real estate brokerage practice. It is intended to serve both as the textbook for the real estate broker postlicensing courses and as a reference book for real estate licensees, as well as real estate attorneys, instructors or anyone else interested in real estate law and brokerage practice.

Author: Linda L. Crawford
Publisher: Dearborn Real Estate Education
ISBN: 9781419588778
Category : Real estate business
Languages : en
Pages : 0

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Book Description

Author: R. M. Santucci
Publisher: Xlibris Corporation
ISBN: 1483682889
Category : Reference
Languages : en
Pages : 208

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Book Description
The Asset Management Handbook is divided into three phases. Chapters 1 through 3 are conceptual introductions. Chapters 4, 5, 6 and 7 get into the meat of the policies and techniques of evaluating the capital needs of your property over the next 40 years. Chapters 8 and 9 help you identify which properties are doing well and which are the most threatened. What action should you take? What are the standard preservation and rejuvenation options available to a real estate portfolio manager? What is Asset Management? People are more accustomed to thinking about asset management of money or stocks or a package of annuity and savings accounts. Real estate asset management is a slower, longer term process. The properties in your portfolio, especially in affordable housing, have life cycles of 30, 40 or infinite time periods. Most nonprofit owners are not interested in selling to capture any appreciation on their properties. Their goal is to provide housing for the foreseeable future as long as the asset can perform. Many nonprofits and mid size property owners do not have a dedicated asset manager. It is extraordinarily important that someone take on that long-term analysis, be it for 10%, 25% or 50% of a full time employee. The next step is to benchmark your properties. How are you doing compared to the world? Not just on straight bottom line consideration, but how about in human services? Have you saved sufficient money to replace the roof or add the sprinklers that will be required at the next renovation? The Asset Management Handbook provides well-established objective criteria for 25 different variables. Weve seen participants in the asset management practicum expand that up to 40 variables to analyze on an annual basis. Well see how benchmarking and risk ranking of your portfolio are essential first steps in establishing its viability and needs. Capital Needs and Their Funds. In this meat of the manual, we walk you through essential policies that define how your properties will operate over the long term. We show how policies made by lenders, bankers and other short term partners can be self destructive and damaging to property owners holding for the long term. First example of the dichotomy, the lender is suggesting the reserve is sufficient when two years after their loan matures, the property will require $4 million of replacement expenditures. This is fine for investment property held for resale. You just flip it and get down the road. Most affordable housing owners do not consider selling the property as a positive outcome. Even if youve never performed a property inspection before, the Handbook offers you easy methods of counting and sorting components into well established remaining economic lives Then it is on to the massive spreadsheet that calculates the future need and the various waves in which it will appear. Exterior paint first, then roofs, windows and doors, and kitchens and baths follow and then it starts all over again. Most capital needs assessments performed by third parties make financial assumptions that are untenable. Their interest rates on earnings are overstated and their inflation rate on the components are generally understated leaving you with significant shortfalls, even if you have escrowed according to directions. We will keep you out of that trap, showing you the realistic funds that are required and the time periods when the inevitable refinancing windows will occur. Risk and Solutions. In the final section, we evaluate your primary risks. Which properties should you address first? Which properties have the strength and energy to function on their own? Then what should you do about it? Refinance? Renegotiate? Value engineer? Raise rents? In the foot race, the runner is always caught by the tsunami of required replacements. It is just a fact of the business that every 20 to 30 years youve got to re-invest a significant amount of money

Author: Linda L. Crawford
Publisher: Dearborn Real Estate
ISBN: 9780793176649
Category : Business & Economics
Languages : en
Pages : 536

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Book Description
Going beyond the principles and practices studens have already learned, this new edition explores the skills necessary for building and managing a successful real estate brokerage. Based on the revised FREC broker course syllabus, Florida Real Estate Broker's Guide provides a complete source for your broker prelicensing curriculum. Highlights include: * Four new case studies prepare students for realworld practice. * Timely, comprehensive couverage of all course topicsmakes supplemental material unnecessary. * Web resources encourage students to explore keytopics. * Free Instructor Resource Guide includeschapter outlines, matching exercises, vocabularylists and two practice exams.

Author: Dale Baze
Publisher:
ISBN: 9781518849824
Category :
Languages : en
Pages : 342

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Book Description
This manual is prepared for the use and benefit of all who may be seriously considering entering the real estate profession or upgrading their licenses to the broker level in Oklahoma.The license applicant must be familiar with the basic technical knowledge contained herein, as well as the wide range of ethical obligations imposed on the real estate professional. A thorough understanding of the Oklahoma Real Estate License Code and the Oklahoma Real Estate License Rules is essential for success in the real estate business.This book is not offered as a substitute in any way for competent legal advice or services where such is needed. With the rapid changes taking place in all phases of real estate activity and changes in law, it is obvious that this book will be at least partially obsolete soon after publication.Appreciation is hereby expressed to all those who generously contributed time, knowledge, and interest in the development of this text.Special thanks and appreciation to my wife, Nola, without whose tireless efforts, patience and endurance, this book would never have existed.

Author: Ira Nachem
Publisher: McGraw Hill Professional
ISBN: 0071510818
Category : Business & Economics
Languages : en
Pages : 568

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Book Description
Get Answers to All Your Questions About Financing Real Estate Development -- and Tailor a Finance Package that Meets Specific Your Needs The Completee Guide to Financing Real Estate Developments offers a detailed roadmap to navigate the complex process of financing small to large-scale real estate projects, such as office buildings, apartment complexes, and hotels. Real estate expert Ira Nachem explores the pros and cons of large versus small institutions; how to structure and present a loan proposal, the approval and closing processes; the truth about appraisals, guarantees, insurance and lien law; financial and physical bonuses and constraints, environmental issues and many other topics. Nachem presents in-depth information and explanations that answers questions on: Who the Commercial Real Estate Lender Really Is What Information Should the Borrower Produce How a Workable Budget is Created How the Lender Evaluates a Borrower What the True Value of an Appraisal Is What goes into a Lender's Loan Presentation What to Expect at a Closing What Key Legal Documents are Most Important What the True Value of a Guarantee Is How the Borrower and Lender Prepare for the Funding Process What Is involved in Loan Administration After the Closing What Is the View from the Borrower's Perspective What Are some of the Constraints and Incentives to Development What Are the Values and Risks of Insurance and Bonding What Is the Reason for Title Insurance and how does it work What Are the Complexities of Lien Law and how does it work How Is the Loan Eventually Repaid What Real Estate Math Is Essential for the Professional How Important Are Environmental Issues How Can the Lender Find New Loan Prospects What Are the Risks and Rewards of Loan Participations Featuring a wide range of helpful examples and illustrations, The Complete Guide to Financing Real Estate Developments covers many of the day-to-day realities faced in the real estate industry including the differing perspectives of lenders and borrowers, their personal pressures, personalities and politics, and much more.

Author: Porcelli Jr F Peter
Publisher:
ISBN: 9780998960807
Category : Business & Economics
Languages : en
Pages : 370

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Book Description
WARNING: This book is not about politics nor does it promote being a jerk; however, victims, wimpy-minded, and lazy people will hate it. This real estate handbook is not like the others: it has flow charts and over 100 common (and not-so-common) real estate agent tasks presented as simple, step-by-step recipes. And it has pictures. And it's funny (or at least grin-worthy). In other words, it's comprehensive and not boring. The best part is: as a collection of brief articles, this book is easy to digest in small bites; however, because real estate tasks are so interrelated, each article is heavily cross-referenced. This way, the reader may delve deep into any topic (or train of thought) by either turning the page or by following a cross-reference. Such layout makes for easy navigation now and in the future, because you'll wanna return to certain articles over and over again. So, you can read it from cover-to-cover, or you can choose your own real estate adventure, reading only the bits that fit your current curiosity. You will learn: How-to choose a broker who fits your needs; How-to maximize your prospecting efforts (including 105 ways to meet prospects); How-to pre-qualify buyers and sellers (so you don't waste time on duds); How-to discover what your buyers really want; How-to show property and help your buyers decide; How-to conduct a slam-dunk listing presentation; How-to attract buyers to your listings; How-to draft offers/create contracts/negotiate (including low-ball and multiple offer situations); How-to get your clients to the closing table; How-to avoid commission breath and ensure you get paid; How-to study the marketplace through statistical analysis; How-to valuate real property and pick The Right Price; How-to business plan/track agent stats/identify and alleviate bottlenecks; How-to create a niche for more income; How-to create and practice scripts; How-to create and refine systems; How-to banish victimhood and take charge of your real estate sales business. Plus much, much more! Frankly, this book should cost $100, but the author wants to give it away cheap. Get yours now before he changes his mind.

Author: David Andrew Sirkin
Publisher: Wiley
ISBN: 9780471587330
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
Now you can own your own home even if you can’t afford a down payment. Thanks to equity sharing, thousands of people already enjoy the freedom and security of owning their own home. Now you can too! In The Home Equity Sharing Manual, attorney David Andrew Sirkin shows you how to pool your resources with a seller, relative, or investor so that you can make a home down payment and qualify for a mortgage, and get fabulous investment returns and tax benefits. In easy-to-understand language, the author explains proven equity sharing strategies and shows you how to make them work every time. The Home Equity Sharing Manual is the most up-to-date and complete book available on equity sharing—a technique that is revolutionizing home owner-ship across America. It includes: Dozens of real-life case studies of people who realized the dream of home ownership through equity sharing Step-by-step instructions for finding and working with a co-owner/investor Detailed strategies for maximizing tax benefits for you and your co-owner/investor Samples of all the important legal documents used in equity sharing with clear explanations of what they mean A frank assessment of the risks of equity sharing and instructions on how to minimize them So stop paying a fortune in rent with nothing to show for it. Enjoy the benefits of home ownership before rising prices and interest rates put your dream home out of reach. Let The Home Equity Sharing Manual show you how. The Home Equity Sharing Manual is not just for aspiring home owners. It is indispensable for everyone who can benefit from equity sharing—parents who want to help their children buy their first home, investors looking for a secure and high-yielding investment and tax shelter, sellers in a slow market, and real estate professionals who want to become experts on America’s fastest-growing home ownership method.