The Complete Guide to Real Estate Finance for Investment Properties

This practical, real-world guide gives investors all the tools theyneed to make wise decisions when weighing the value and potentialof investment properties. Written for old pros as well as noviceinvestors, this friendly, straightforward guide walks readers stepby step through every stage of property analysis. Whether you'rebuying or selling, investing in big commercial properties orsingle-family rentals, you'll find expert guidance and handyresources on every aspect of real estate finance, including:
* Proven, effective valuation techniques
* Finance tips for all different kinds of property
* How various financing strategies affect investments
* Structuring financial instruments, including leverage, debt,equity, and partnerships
* Measurements and ratios for investment performance, includingcapitalization rates and gross rent multiplier ratios
* Future and present value analysis
* How the appraisal process works
* Primary appraisal methods-replacement cost, sales comparison, andincome capitalization-and how to know which one to use
* How to understand financial statements, including income,balance, and cash flow
* Case studies for single-family rentals, multifamily conversions,apartment complexes, and commercial office space
* A detailed glossary of important real estate terminology