What Every Real Estate Investor Needs to Know About Cash Flow Frank Gallinelli Torrent
reviews of Frank Gallinelli's.... What Every Existent Estate Investor Needs to Know Near Cash Menstruum and 36 Other Key Financial Measures | ||
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Amend at present than never, October 28, 2008
Reviewer: Sevenov "Investor"
Why did I not come across this wealth of information before? Anyhow, this is an indispensable aid to whatsoever RE numbers cruncher, do the maths, due diligence...any. When is the latest edition to the other book coming out? Tin can't wait.
How to cope with the numbers, October 20, 2008
Reviewer: "Howard R Greyness"
This book is an essential for anyone new, or seasoned, in existent estate. You lot won't find a better summation of how to cast y'all due dillegence net around any real manor you might want to purchase. The style is easy to cover, just try reading up on internal rates of render in most of those other books out there! This book is a keeper for doing the numbers in real estate.
A must read for any existent estate investor!!, July 18, 2008
Reviewer: Matthew A. Martinez
"What Every Real Estate Investor Needs to Know about Cash Flow" is the definitive guide to agreement critical calculations that will help y'all to determine if a prospective conquering target is a neat deal to purchase immediately or a horrible investment to avoid like the plague! I've owned this book for years merely often discover myself referencing this wonderful and well-written manual.
Matthew A. Martinez Writer of "Investing in Apartment Buildings: Create a Reliable Stream of Income and Build Long-Term Wealth" and "2 Years to a Million in Real Estate" www.matthewamartinez.com
Details, details, details, June 9, 2008
Reviewer: Benjamin R. Dorland
This book goes over many methods to make an informed decision. I would reccomend this to a person that really wants to know different ways to analyze your deals. Very informative.
You name the Investment Calculation, it's in here, May 28, 2008
Reviewer: Craig Frooninckx
Wow, at present this is a groovy reference book for investment calculations. Not just does he provide formulas, but Frank also explains the use and the Rules of Thumbs are great. At that place is no magic calculation that will tell you if it's a good bargain or non and Frank says that several times. It'southward a matter of looking at the opportunity from several angles that will give you that indication. My only alert is that this volume is really geared to multi-family or commercial investments. Some of the calculations are not applicable to the residential single family units that some beginner investors start with. Having a MBA, I'll tell you this, learning this ratios and calculations were much easier to learn from this volume than I did in the classroom. Good job Frank, a definite must have for the serious investor.
Best volume I came across to engagement on Property Financial Analysis, May ix, 2008
Reviewer: Real Manor Investor
I was non sure if this book would work for me. I bought several other books on financial analysis, only I ever found them either to be too dry or too complex. Gallinelli has the ability to go the scary formulas and maths and break information technology downwardly to a level that can be understood. His style of writing is fun also. He puts in the occasional joke at the right moments when things offset getting a flake complex. This helped me a lot to understand and follow his line of thinking. In add-on, the book is very well planned equally information technology builds up slowly from very bones material to more advanced material. Adept volume to take.
Very good technical book., January 23, 2008
Reviewer: R. Smith
I got this book for a grounding in some of the calculations that a landlord needs to understand. This book is a good and thorough reference that satisfied me. Information technology may be more detailed than most people want, but I found it skilful that it is so thorough and deep. I also similar the admission to the spreadsheets, which are very helpful and useful. I thank the author for sharing his feel and knowledge.
All Meat And Potatoes!!, January 21, 2008
Reviewer: Kelly Lynch "www.banditsignsmadeeasy.com"
I got this volume to larn more about due diligence. I plant that most authors go on the math portion( or true investing) dumbed down to a chimp level. This book is some serious stuff. Frank gives a ton of proficient examples to use yourself. It will keep you from coming off half cocked on your next bargain. I used this book to purchase several quadplexs in Killeen, Tx. I compared and contrasted properties like the writer recommended and saved $20,000.00 that I otherwise would have spent needlessly. At present, truthfully, this is a great book. I feel that most investors will probably not like it'south straight up impersonal approach. In that location's not any fluff in here. If you need someone to hold your mitt and spoon feed you...this own't it. If you're the blazon of investor who wants that slight edge in their market, then buy, read, and then re-read this volume. "Tip" Read this volume, then get onto www.loopnet.com, observe a couple of properties, and practice equally though you're serious about buying them, using the techniques outlined here.
Best of the Agglomeration!, Dec 17, 2007
Reviewer: Joseph Mezera
I take purchased several books in my search for one that will help me instruct my clients on the metrics of a existent manor investment. This volume is by far the Best of the Bunch! The author provides information on all of the important financial measurements and explains the purpose of each one in a fashion that everyone tin understand. I at present give a copy of this book to all of my clients as a fashion of saying "Thank you" for doing business with me. I highly recommend this book if y'all are interested in measuring your real estate investments.
Yeah, it'south dry. Simply please re-read the title. Information technology's about applying sound fiscal criteria to your investments., November 23, 2007
Reviewer: Alex C
This book fills a void in the field of existent estate investing. Curt of getting a graduate degree in the subject (okay, or attending a seminar), this packs a dollop of good financial wisdom in assessing your investments. Every bit some of the reviewers likewise pointed out, the author augments this book (which I've been using since 2005) with his website. It's a must-read to larn how to do serious financial analysis.
Formulas and Guidelines for Cash Flow Assay, November 18, 2007
Reviewer: WillyMiranda
This book provides all the fomulas needed to estimate the cash flow analysis for your investment properties. This is non your regular motivational book, since it jumps right into the nuts and bolts of the key financial measures, such every bit Cap charge per unit, Gross Rent Multiplier, ROI, NOI and much more. A must have volume for those interested in cash period managemnet.
What Every Investor needs To Know Virtually Cash Flow, Oct 15, 2007
Reviewer: MrPinksBane
Talk about detailed data! Frank Gallinelli really crunches the numbers in his new book "What Every Investor Needs To Know About Cash Flow". This book is total of examples. It talks about determining what a property volition generate in terms of cash catamenia, as well every bit determining the cost of keeping a property that doesn't sell right abroad, etc. All those things you actually need to consider in the real estate investing business. Mr. Gallinelli gives instance after example on HOW to do it. This volume rocks, every bit does Dean Graziosi's [[ ASIN:1593154461 Be A Existent Estate Millionaire: Hugger-mugger Strategies for Lifetime Wealth Today]].
Excellent, March viii, 2007
Reviewer: John Nada
A must accept for anyone planning on getting into Real Estate Investing. It is imperative that you empathize the numbers behind your investments and their result on your return. This is a skilful guide that will lead you through the key elements.
cash flow , February 11, 2007
Reviewer: georgeh4040 "Geo.2sheets"
Not bad, easy to read and understand, good volume on understanding the parts of the concern
Not a bunch of fluff like other real estate books, but hardcore financial analysis , January 15, 2007
Reviewer: Keith Lundy
This is volume that has taught me a great deal most evaluating my investments through reading and agreement fiscal statements. This is ane of the only books that I know of that takes such a mathematical approach. Numbers don't lie. Evaluating financial statements is ane area that neophyte investors attempt to ignore, and often with dire results. This book will make reading financial statements seem less of a task and more of a powerful investing tool.
Learn some math for your business, November 10, 2006
Reviewer: Jim Huntz "Gamer Man"
This is an essential component to whatsoever real estate investor and I'll tell you why. Frank teaches you the math, and so yous can setup metrics on how well your investments are doing, otherwise, you're doing this bullheaded. A proficient buy. Too a good combination for this book: Investing Without Losing (ISBN 0978834607 NOT on amazn, other stores)
Eliminates the Guesswork, October 9, 2006
Reviewer: Darin Searcy "Searcy Holding Direction, LLC"
This volume provides an essential foundation for existent manor assay and investing. Information technology is truthful that this book may claiming those who aren't familiar with reading financial statements. Merely, don't allow that disourage you. Be patient and practice your best to understand how financials work. Understanding financial statements is a vital skill for any business owner - and a real estate investor is a business possessor.
Many existent manor books focus on motivation and "creative" financing techniques. There is a place for that kind of volume but this book does not contain that kind of material.
You'll learn that you are not buying a business firm or building. You are buying an income stream. Agreement the iv sources of that income stream and how the stream flows is essential to gaining the nearly from your investments. Removing the emotion from an investment decision and agreement the numbers will ultimately lead to clearer flick and better existent estate deals.
I highly recommend this volume as a foundation to your real estate education.
Non for the beginner, September 14, 2006
Reviewer: NativeCJ
selected this volume based on the crawly reviews. It sounded like everything I needed to know virtually real estate investing, in a simplistic format. Within a few chapters, I found the volume to be very condescending (i.eastward.; Basically....if you're too stupid to empathize this calculation, real estate investing is non for you).
Since I am a beginner and not a math major, I did not expect to whizz correct through all of the calculations. But I also did not look a negative tone with no support that made me not want to read it farther. So, I bought Existent ESTATE INVESTING FOR DUMMIES. I establish information technology significantly more helpful. Information technology does point out warnings and says that if yous're not comfy with possible negative cash menstruum, so perchance real manor investing is not right for you at this fourth dimension. It also weighed the stability of real estate investing in comparison to stocks. I found the Dummies book much amend suited to the beginner while detailing pros and cons, instead of being a pain to read.
Great technical read- good "holistic" view of RE measures, August 31, 2006
Reviewer: J. LAROSA
Cuts through the fluff; gives you the "holistic" view of a existent estate investment by illustrating every measure. The reality is there'southward no unmarried "magic bullet" way to measure whether a property is a practiced deal or not; this book makes this point while teaching all the various measures, at all phases of ownership (including selling or "get out strategy", which most novice investors don't usually consider when they're just getting started).
I used information technology to help me measure out whether some multifamily properties I am purchasing are practiced investments.
I also used the online reference formulas... they exercise a good job of supplementing the fabric.
I would suggest reading a few other books on full general RE investing in addition to this to get a well rounded education on the affair.
Lukewarm review for "What every real estate . . . .", August 27, 2006
Reviewer: book worm "book worm"
I purchased this book hoping information technology would requite simple and clear explanations about important real life, real estate calculations which every investor needs to understand.
Afterwards receiving and reading/working through some of the calculations, my assessment is that the author does a decent job explaining some basics. Nevertheless, I too found that he frequently skips critical relevant details when actually it comes to using these calculations in existent life.
Some other ascertainment is that when push came to shove and I looked to the book to explain important specifics, the book did not evangelize. Instead I establish that the author refered the reader to his website or other products he sells.
I applaud the author's entrepreneur-ship, simply was disappointed by this buy.
What Every Existent Manor Investor Needs to Know about Greenbacks Flow... And 36 Other Fundamental Financial Measures, August 3, 2006
Reviewer: V. Liew
This is a MUST READ book if you are serious about getting into Real Manor Investment. Easy to understand, very basic.
Taking the mystery out of existent estate valuation, July 8, 2006
Reviewer: Virginia B. Youngblood
Excellent Volume. Information technology does require a little bit of study to chief the concepts. I am math challenged, simply I could understand the points being made. A trivial bonus which helped me were the spreadsheets which had thoughtfully been made available. I don't understand Excel very well, either, only I did grasp the concepts. If a existent estate investor is really interested in wringing the very concluding penney of turn a profit out of their investment, they might carefully consider the advantages of the volume. I take recommended it to quite a few math challenged people because the book explained the procedure and provided questions to review the concept being presented.
Discovering Fire, June 12, 2006
Reviewer: One thousand. Duffield
E'er wonder how our early ancestors (or my mother in law) must have felt when they outset discovered the use of burn, or the wheel, or the ginsu knife? I have been involved in real estate development for several years and accept never been introduced to a more thorough, straight-forrard, elementary to empathise reference text than this one. I go along it with me and consult it on a regular basis. It is a wonderful resource for the first timer investor or a seasoned professional. Well worth the cost at any price!
Pretty dense... didn't hold my attention, April 11, 2006
Reviewer: Shane A. Brewer
"What Every Existent Manor Investor Needs to Know Most Cashflow" is a generally mathematical book defended to all of the unlike ways to analyze real estate investment deals. The book also includes a web site that provides access to web based and Excel based formulas to calculate all of the unlike formulas discussed.
While the information in this book is very important to the investor, I found this book very hard to read. The book seems like information technology was written past a mathematician, loaded with facts and examples and with little regard to writing style or belongings the readers attention.
The get-go part of the book seemed to exist completely useless, equally the material was presented once more in the second part of the book. The second role of the book was past far the nearly useful, but again the writing was very dense and didn't agree my attention at all.
Thus if you are very interested in real estate mathematics, pick this book up. Otherwise you lot would be better off picking up some other book. 2 out of 5 stars.
Very Useful Information, March 28, 2006
Reviewer: Jeffrie A. De Coux "DeCoux4U.com"
As a Realtor in the Raleigh North Carolina area, I accept institute this volume to be very useful in not but our own personal real estate investing, but too with helping other real manor investors purchase and sell property.
Finance 101 covered in a single book, March 20, 2006
Reviewer: Ann Sharp "RealEstateNewbie"
Everything I learned in my get-go Finance class in my MBA program is covered in this book. It has examples for yous attempt out on your ain to exam your understanding - IRR, NPV, etc calculations with existent estate examples. This book is an invaluable tool for anyone deciding to invest in real manor! I highly recommend it!
Good for Real Estate Investors, September 12, 2005
Reviewer: William Penn "www.TucsnLandMan.com"
This is a very useful book with many proficient concepts and formulae for diverse real manor calculations for commercial/ business properties. I gave it a 4 star rating only because it does not take an index, which would accept been very useful.
Not what I expected, September 6, 2005
Reviewer: J. Richards
I saw a lot of good reviews, then I picked upward this book and it'due south not exactly what I expected. The book only has about 89 pages of information and the 2d part of the book is math formulas. The book covers these formulas then they mail excel sheets and in that location'due south a computer on their web site that does the calculations for you lot, then most of the reading is a waste of my fourth dimension. Besides the majority of examples are for people who want to own function buildings or apartments and not unmarried family homes.
The one positive thing I can say most this book is that it gets you to call up and you can take a more accurate picture about how much something is goign to cost you before you lot buy it and what you can expect and a lot of good rule of thumbs
So yous recall you know real estate math?, September 5, 2005
Reviewer: Anthony Davidson
I recently asked a potential joint venture partner to ship me some profit projections. What I got was an eye opener. My prospective partner was clueless almost rates of return, generally accepted accounting terminology, and existent estate calculations in general. Her seven year projection spoke of: "Coin Partner ROI" (180%), "Boilerplate Yearly ROI" (25.8%) and "Boilerplate Yearly Compounded ROI" (15.9%). How the first ii were computed (or what they meant) were incommunicable to ascertain. Plainly they were returns without compounding. The tertiary was an unsuccessful attempt to compute the Internal Rate of Render (the correct adding was 17.three%). IRR, the industry standard and the means professional investors utilize to compare alternative investments, was unknown to this mathematically-challenged young lady. If, like my prospective partner, you feel your grip on the mathematics of existent estate investing is a petty shaky, and then this is the book for you.
The first half of the book is an unusually clear and up-to-date give-and-take of the gathering and use of information needed to make investment decisions--plus a running commentary, sometimes humorous, on real estate investing in general. This section solitary is worth the cost of the book.
Only wait, in that location'due south more! The second half lays out most of the mathematical tools needed to invest in real estate. Each brusk chapter covers one topic with definitions and examples offered in clear, jargon-costless prose. Topics include: Internal Rates of Return, Internet Operating Income, Gross Hire Multiplier, Cyberspace Present Value, discounted cash flow, calculating taxable income and much more. Plus, there's a nice bonus. The book directs you to their free website where calculators for many of the more than complicated transactions are available. I recently used the website's IRR calculator to compute the render of vii years worth of annual cash flows plus the sales proceeds from reversion. Elapsed time: nether 1 minute.
Oh yeah, I recently purchased a second copy of the volume for my mathematically-challenged adult female friend. Hey, she understands real estate--she just can't practice the math!
What Every Real Estate Investor Needs to Know About Greenbacks Menses...And 36 Other Key FInancial Measures: Guidelines, Formulas, and R, August 22, 2005
Reviewer: A. Haag
This book re-inforces the "rules of thumb" that we all hear as Real Estate Investors plus gives you lot some new calculations to back up them.
A proficient book to have on the shelf.
Real Estate Math Made Like shooting fish in a barrel, Baronial 10, 2005
Reviewer: Todd A. Adams
I highly recommend this volume for anyone thinking virtually getting started in Real Estate. It is very easy to read and understand. At that place are sufficient examples to highlight the ideas, without overwhelming the reader. The style is conversational without getting beautiful. Later reading this book, I was able to effigy what was wrong with my rental holding and what I needed to do to set it. Buy it today.
A Must for Every Serious Real Estate Investor, July 28, 2005
Reviewer: Frederick R. Selinka
If y'all are serious about investing in real estate, on any calibration, this book is a must read. Frank Gallinelli'south approach allows you to crunch the numbers and know if the investment belongings is going to pay off Earlier you put out dime ane.
Frank explains the reasons backside the formula and then you volition know why the calculation is necessary. Required Reading.
Fantastic Book, July 18, 2005
Reviewer: Michael F. Swanick
This book is the all-time real estate book out there beyond a dubiousness in my view. Frank doesn't try to convince you that you tin buy loads of existent estate "with no money down". There is no trickery. It's not that blazon of volume. Instead, information technology is very pratical and educational.
I've been trying to determine how to evaluate alternative investments for a while. These include investing in the stock market and real manor.
Frank does a nifty job [builing from the only to the complex] explaining how one should look at investing in real estate. He even explains complicated financial measurements [like IRR] in a merely and easy to understand way.
He includes real life examples and provides outstanding tools on his spider web page that 1 can access and apply.
The book is easy to read and can be used a a reference guide as it is full of tables and charts related to settlement sheets, mortgage tables, etc.
From my perspective, this book gave me the conviction to pursue real estate invesments by enabling me to quantitatively determine whether a acquisition was a financially good bargain.
Awesome!, July 3, 2005
Reviewer: Marker Yoffe "Commmercial Mortgage Banker yoffem@hotmail.com" (New York, NY U.s.a.)
This is a one-of-a-kind, very bones, but critically important book on real estate investing - especially commercial real estate investing. I use this little book instead of having to wade through three or four larger real estate books to find of import definitions, formulas, and equations. Information technology's worth the money and a lot more than!
Frank Gallinelli takes you from basis cypher to infinity>, April 12, 2005
Reviewer: Thomas D. Auito "The Consumers advocate" (Florida, Alaska and the Web)
Equally a duel licensed real estate agent, appraisement certified 15 yr real estate investor and real manor website operator, I tin honestly say that I take never seen anyone that gives y'all the nuts, bolts and tools of mathematical computation and analysis like MR. Gallinelli.
Of the hundreds of real estate books that line my shelves, Franks book here has a identify to a higher place my desk that is within arms achieve, this book doesn't collect any dust!
I can't stand books that leave you lot with some off the wall idea that just the writer has figured out how to utilize, those are worthless, Frank takes you by the hand and knocks the fear of math right out of your head and gives y'all a monstrous calculator data base at no charge to really Do the math while you're reading forth.
I'chiliad going to have to requite up a piddling surreptitious here too, Frank is reachable, you can actually get in touch with this man when yous have a question. He also teaches in his spare fourth dimension at Columbia University to proceed his skills sharp while giving back to his community in more than ways than almost.
I'k a stickler for ethical handling of the consumers in real estate and without going into the details of Franks mathematical formulas, models, presentations, examples, hints and rules of thumb, I volition say that for less than $20 your are getting what many boot camp promoters charge thousands for.
This is a full blown investment course that gives you lot the ability to accurately project forecasts that directly impact the bottom line, I may be a piffling biased equally Frank can be plant at my site www.magicbullets.com but I'm non exaggerating when I say Frank Gallinelli is the all-time in the business organisation and I have never seen anything better than what Frank is offering you here! Dan Auito of world wide web.magicbullets.com
Complete lack of fluff!, March v, 2005
Reviewer: Joseph P. Milligan "Space Buck" (Virginia, Usa)
Ane of the most abrasive things I detect well-nigh real estate investment books is that nigh of them can be condensed to nigh 30 pages. The other 170 pages usually try to sell y'all on the idea of getting into real estate in the starting time place, and offering enough of examples that don't have anything to practise with anything.
This is 252 pages of pure information. There are examples, of course, but they chronicle directly to the concepts he's working with and illustrate them clearly.
It'south heavy on math, but that's why I bought information technology. I'm a math person and have been jonesing for something like this volume for a long time. It's non difficult - all the calculations are high-school algebra at their nearly complex- but if you're not a math person, equally stated, he gives out complimentary spreadsheets that do them for you.
Also as stated, if you have a finance degree this book isn't for you. If you're like me, and desire to know what to do with the numbers, then this book is a must.
great book, December 29, 2004
Reviewer: Nirav Desai "niravmd" (san diego, CA United States)
at some point, every investor needs this information. figuring out whether something is a good investment or non basically boils downwardly to Return on investment. also figuring out when to sell is important. (basically when the Internal Rate of Return decreases).
must read!
Problem, Dec 28, 2004
Reviewer: B. Collingsworth (Nebraska)
There is a lot of good criticism here. Then, I volition just add that the next printing should include an index, and perchance a glossary of terms. But then volition it be a truly useful reference piece of work.
Finance 101, December 25, 2004
Reviewer: Thirst4KnowHow "G" (Boston, MA)
If you have no background in finance, so you lot may find this book useful. There are really only a handful of formulas that you lot can utilise here and they're congenital right into Excel. The examples are bones.
A guide to all your unanswered finance questions., December 25, 2004
Reviewer: Joseph Tron "Joseph" (Florida)
The volume is truely an informative read. It answers all those subtle questions that Finance text books neglect to encompass, but somehow you know the answers are out there. In clear and precise language financial concepts are explained with full clarity. Crunching the numbers is an essential exercise in the due diligence process of investing. Every investor and potential investor should read this book. I praise Mr. Gallinelli for this excellent book and look frontward to other books nevertheless to be written.
The Investors Bible, July 16, 2004
Reviewer: Garrett FitzGerald Two (Laurel, MD United States)
Anybody wants to retire on existent estate but no one shows you lot how to, today. Frank Thousand does; he shows you what to look for when evaluating a prospective property and what financial analysis to do to encounter if it will even produce enough income to carry itself. Franks volume is a bully kickoff and will give you all the basics to develop a cash flow from real property for your unabridged life. Yous demand to buy this volume to exist successful investing in real estate.
Finally a helpful existent estate finance book!, July 16, 2004
Reviewer: Rob (Chicago)
This book gives the facts about real estate finance in an easy to read format. Unlike virtually real manor books, this one does non claim to make y'all $1,000,000 in 2 weeks with your eyes closed. Information technology gives the mutual investor the tools and perspective to brand wise real estate investment decisions. Good for beginners or seasoned vets who want to brush up on their skills.
Required Reading for Existent Estate Investors, Apr 23, 2004
Reviewer: Rosalind Resnick (New York NY)
Before you lot invest $i into income-producing real estate, be sure to choice up a copy of Frank Gallinelli'due south splendid book, What Every Real Estate Investor Needs to Know About Cash Menstruation...And 36 Other Key Financial Measures: Guidelines, Formulas, and Rules of Thumb for Making Money in Real Estate. While the title may sound somewhat forbidding, the volume is then well-written and accessible that fifty-fifty novice investors who wouldn't know a cap rate from a charge per unit of return tin quickly and easily master key concepts such as present value, gross scheduled income and discounted greenbacks flow. Better yet, Gallinelli offers gratuitous spreadsheets that you lot tin download from his site that do the numbers-crunching for you lot. I similar to remember that I'one thousand a pretty savvy investor, but, cheers to Frank and his amazing formulas, I narrowly avoided overpaying for a five-story office edifice in the Chelsea section of Manhattan. While there's no guarantee that the seller will accept my lower offering, I feel confident that, if I do get the deal, I volition be paying a fair price now that Frank has taught me how to do the math.
Outstanding detail with a straightforward caption., February 23, 2004
Reviewer: Shane A. Newell (Albany, NY)
This book is the best read for understanding financial analysis. It is not oftentimes, if e'er achieved, that a subject as complex every bit financial analysis tin be explained so perfectly suited for real estate professionals. The work doesn?t lose itself in silly analysis or ?paralysis of analysis?, Gallinelli?southward approach is straightforward, sometimes difficult hitting as a practical sense guide to investing in real estate. This doesn?t mean the work is simplistic past whatever measure, you can spend plenty of time taking this work into cracking depth. Gallinelli offers a web page support organisation with free worksheet downloads, financial software and valuable resource links. Every deal I consider is now held to a new fiscal standard. This is a must own book for investors, brokers and corporate real estate professionals.
Excellent Investment Companion, February 20, 2004
Reviewer: ronw1 (North York, Ontario Canada)
This book focuses on analyzing Real Estate Investment from a fiscal calculation perspective. Information technology is very well written, very like shooting fish in a barrel to sympathize, and extremely useful. In a very short time, you will speedily learn the 37 calculations that a sophisticated Real Manor Investor uses to evaluate whether a deal makes fiscal sense. By knowing the numbers better, you'll have an edge in negotiating your side by side existent estate deal. Highly Recommend!
The volume is equally expert every bit the software---Groovy!!!!!, January 22, 2004
Reviewer: Michael Blacker, JD, LLM, CCIM, SRS (Dallas, TX United States)
Initially when I began to read the book, I idea information technology was going to exist a well written work that might be useful to me. Well, it is cetainly much more than that.
Physicians have their principal referance book called the Physicians Desk Referance,(PDR), and Attorneys accept various desk references which are used in their specialties. Now real estate investors have a wondefully written "desk volume" that is suitable for the novice through the most highly qualified professional.
All students of real investing should have this book. Information technology will exist perfect for beginners too as "one-time-timers" who have been effectually. The presentation is extremely piece of cake to read and is precise and authentic. The 37 calculations, explained in item, are absolutely the calculations you have either already used or will need to perform -- at times on a moment's notice.
In that location are also discussions and examples of much of the material found in the existent estate analysis software published past realdata.com. If you are in a rush and don't similar to waste time thumbing through volumes of vague examples and poorly written explanations you will absolutely appreciate this volume.
I wholeheartedly echo the comments written by David A. Taylor whose thorough assay is "Right On."
Keep the book handy on your desk-bound
The Definitive Guide, January 21, 2004
Reviewer: David A. Taylor (San Mateo, CA United states)
I recently decided to look into investing in residential existent estate, merely I didn't know plenty about the financial risks and rewards to determine whether this would make sense for me. So I decided to give myself a quick instruction past reading the best books I could find on the subject field. I had to wade through a lot of get-rich-quick-without-any-money books to find the good ones, but I wound upward with 10 books that looked like they had good, solid information for would-be investors.
After working my way through all ten books, I can tell you without reservation that Gallinelli'due south volume is head and shoulders to a higher place the residuum. There was something to be learned from each them, of course, but the others tended to get a fleck fuzzy about the financial details, often substituting simplistic rules of thumb for real analysis or doing a hand wave simply about the time I needed hard data. Worse, in that location was a agonizing lack of consistency amongst the books where they did provide fiscal details, and there was no obvious manner to sort out which book had the right take on a particular adding or financial ratio. And it seems to me that, important as general principles may exist, if the financials don't work then cypher else matters very much.
Fortunately, Gallinelli took me correct down into the nitty gritty stuff and showed me, step past pace, just how the whole business works. He was also the simply author to fifty-fifty consider the possibility that I, as a modern-solar day investor, might have the ability to run these calculations in a spreadsheet, and he provides articulate instructions for entering the required formulas in Excel. Not that you have to be an Excel user to benefit from this book; the financial analyses he describes are admittedly essential to knowing what y'all're getting into, and you need to run them whether you do it on a calculator, apply packaged financial analysis software, or build your ain spreadshet. Simply for those who do know how to apply Excel, information technology's a tremendous benefit to accept the stride-by-step instructions correct there.
| After reading this book, I at present sympathize how to figure out the full render on a residential holding from all information technology'south sources, including operating income, depreciation writeoffs, equity accrual, appreciation, and capital gains benefits, and I know how to calculate the result of leverage on each of these sources. Better still, based on the formulas Gallinelli provides, I can quickly see how these sources play off against each other to predict my total return on investment in any detail scenario. More than any other book I read, this i prepared me to analyze a candidate holding and evaluate its potential return, allowing me to decide whether it's a practiced investment and, if so, under what price and financing weather condition. Based on what I've learned, I'm now shopping for flat buildings to make my get-go acquisition. Of the ten books I purchased, nine now sit on my shelf within easy accomplish. Simply this one sits right next to me and volition ever be shut at hand. If you lot are thinking about investing in real estate, buy this book and read it earlier you do annihilation else. Information technology's that proficient. |
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