Wealth opportunities in commercial real estate management, financing and marketing of investment properties
ESSENTIAL COVERGAGE OF THE COMMERCIAL REAL ESTATE MARKET AND HOW TO MAKE IT WORK FOR YOU The one-stop guide to making money from buying, managing, and owning commercial real estate, Wealth Opportunities in commercial real Estate is the comprehensive resource you need in order to take full advantage...
| Autor principal: | |
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| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Hoboken, N.J. :
Wiley
2012.
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| Edición: | 1st edition |
| Colección: | THEi Wiley ebooks.
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| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009627994106719 |
Tabla de Contenidos:
- Wealth Opportunities in Commercial Real Estate: Management, Financing, and Marketing of Investment Properties; Contents; List of Abbreviations; Introduction; Chapter 1: An Overview of the Problem, a Solution, and a Game Plan; The Problem; The Solution; Four Key Elements in the Solution; Concerns about the Solution; Acquiring the Skill Set to End the Cycle; A Game Plan to Achieve the Solution; This Book Is about Center B Properties; Chapter 2: The Basics; Gross Income: The Starting Point; Vacancy and Collection Loss: Gross Income Reducers; Operating Expenses and Net Operating Income
- Fair Market Value and Capitalization Rate: What's It Worth?Gross Rent Multiplier; Value per Square Foot versus Reproduction Cost per Square Foot; Inverse Relationship between Cap Rate and FMV; Initial Determination of Value; Leveraged Return and Return on Equity; Cash Flow before Taxes (CFBT); Reserves/Impound Accounts; Taxes and Insurance Impounds; Cap X, TIs, and Leasing Commissions; Devil in the Details: Over Simplified Analysis; Chapter 3: Detailed Financial Analysis; Gross Income; Vacancy and Collection Loss; Operating Expenses; Four Basic Types of Leases; Nonrecoverable Expenses
- Time-Frame AssumptionsStatic versus Active Analysis; Compounding; Rent Roll; Argus Ten-Year Discounted Cash Flow Model; Analysis Reflecting 100 Percent Occupancy; Reversion; Disposition Costs; The Time Value of Money: Present Value and Discounted Cash Flow; Net Present Value (NPV); Internal Rate of Return (IRR); Conclusions from Argus Analysis and the Hypothetical Facts; Analysis Reflecting a Large Vacancy after Purchase; Analysis Reflecting a Large Vacancy with a Tenant in Tow; Chapter 4: Lease Analysis; The Importance of Basic Lease Provisions; Twelve Key Economic Ingredients in a Lease
- Frequently Negotiated Lease ProvisionsChapter 5: Real Estate Financing; Sixty to Eighty Percent of the Game; Types of Financing; What Is the Right Answer to Debt Structuring?; Seven Key Factors to Consider in a Real Estate Loan; Loan Underwriting; Cash-on-Cash Return; The Mortgage Loan Application; The Pitfalls of Mortgage Lending; Negotiable Points of a Loan; Chapter 6: Real Estate Taxation; Income Taxation; Real Property Taxation; Taxation in the Event of a Refinance; Taxation in the Event of a Sale; Installment Sale; Section 1031 Exchange; Chapter 7: Acquisitions and Dispositions
- Focus on Specific Property Types in Specific Geographic LocationsEstablish Buying Criteria; Acquisition Philosophy; Governmental Impact; Initial Screening; The Purchase and Sale Agreement; Building a Team; Due Diligence; Dispositions; Chapter 8: Case Studies; Problem Number 1; Problem Number 2; Problem Number 3; Problem Number 4; Problem Number 5; Problem Number 6; Problem Number 7; Chapter 9: Development or Rehabilitation (Build to a 12 Percent Yield); The 10 Phases of a Construction or Rehab Project; Assessing a Construction Project; Developer as Conductor
- Does the Project Hit Your Minimum Yield?
