The Real Estate Math Handbook: Simplified Solutions for the Real Estate Investor
Wednesday, 31. March 2010
- ISBN13: 9780910627078
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description
Real estate math skills are an integral part of becoming a truly successful investor. You need a competitive edge, and, by building your real estate math skills, this book will give it to you. These math skills are easily explained, and in no time you will be calculating such things as real estate investment analysis, valuation of income property, valuation of commercial real estate, vacancy loss projections, pay back period, time value of money, amortization schedule calculations, mortgage pay off, cash flow, net income/loss, option pricing, conversions, markup/discount, lease vs. buy analysis, evaluate tax sales, project income potential and cash flow, using Excel and other financial software programs, master the art of property valuation, and other financial calculations and tools.
The Real Estate Math Handbook: Simplified Solutions for the Real Estate Investor
Joyce Boncal Says:
This book is geared more toward the CPA or intermediate investor since it goes into details on subjects such as probability, conditional statements, sinking funds, and bonds. The author does explain mathematical concepts well and boring math is made somewhat interesting although he digresses from real estate. Actual real estate investment examples are given but are not detailed for the beginner investor, for example, what are the typical expenses on a 4-unit apartment complex. Good Excel spreadsheet examples are given as well as the tax advantages of owning real estate. This is more of a finance book than a real estate book.
Rating: 4 / 5
Channon Cary Says:
When I opened this book, I expected to find something similar to real estate math for dummies. However, this was not the case. While the author does have a solid mix of down to earth, straightforward examples and information, this book is definitely not for a novice – in either math or real estate.
The basic mathematical concepts covered were thorough and detailed, although the real world application examples left a bit to be desired. If you were new to the concepts presented in the data heavy, very academically written chapter on basic math, you’d never make it past the first several pages. I believe this holds true for the rest of the chapters as well, in that if you are truly a novice to any of the subject matter areas, you will still be too far over your head to really glean the benefit of the information presented.
In my opinion, this book is a great resource for two types of people – those that have business degrees, or have taken or are in the process of taking real estate courses. The math and concepts, while presented in a straight-forward way, don’t provide enough real world context to make it easy for a novice to understand. Additionally, the structure of the formulas and concepts were so academic, I find it hard to believe that anyone without some previous math experience would find this truly useful.
If you are looking for a handy reference guide to quickly refresh things you learned in school for investing, money, and finance, this book is a great resources. If you are a wannabe investor, thinking this book will help you part the clouds of mathematic wisdom for your future…you probably need to invest a lot more time and find some additional resources to assist.
Rating: 4 / 5
Victor L. Nazaire Says:
The Real Estate MATH Handbook is NOT for Mathematically Challenged People and this is the reason I gave it 4 stars.
Yes, if you manage to STUDY the whole 288 pages, you will leave in the dust most of home buyers and investors who hate or do not have the time to INVEST in learning the Math behind Financing and Investing.
But, for someone who had had difficulty in Math at the High School level , be prepared to SWEAT first ! This is a COLLEGE-LEVEL Math Handbook as it deals in Abstract Math right in the first chapter where it talks of the laws of Commutative, Distributive and Associative; right in the first chapter before reaching page 50 it deals in the Exponent law in Algebra such as the letter a to the third or the fourth power.
No, I do not want to scare future buyers of this handbook but forewarn them that buying the book is the easiest thing but STUDYING it will require SWEAT , TIME, CONCENTRATION.
Do I recommend it ? You bet I do, but it is not for those who do not have the time, the patience, and the PERSEVERANCE.
Rating: 4 / 5
Kim Potter Says:
The Real Estate Math Handbook is the ultimate guide for serious investors in real estate. Real estate agents would also be wise to study this book if they want to upgrade their skills. The book is hefty but complete. Pretty much all the math needed for real estate transactions is provided and common examples are given to highlight the principles. The author starts the book out as a math textbook, which is rather daunting and luckily can be skipped to go to the more pertinent chapters. The Table of Contents is broken down into the useful topics of Interest Rates, Investment Math, Real Estate Math, Income Property Valuation, Financing Math, and Exel Functions.
As a math book, the explanations and examples are clear and easily followed. The nice thing is that the examples are practical and relate to real situations that are common in real estate and investment transactions.
The Exel Functions chapter is a real bonus for a book of this type; it introduces the use of the computer program Exel to quickly solve equations.
This book also includes useful information that is not mathematical. Many of the terms and concepts used in real estate, investment, and banking are explained in layman’s terms. The author has covered all the material necessary for the reader to make an informed decision about a potential real estate investment.
The Real Estate Math Handbook is a great reference book and will enhance the knowledge of anyone serious about real estate.
Rating: 5 / 5
Lisa A. Rufle Says:
This book is intended as a reference for those in Real Estate professions, though it can be useful to anyone desiring a refresher course on both basic and more advanced mathematical applications. This book is very reader-friendly and explains practical math concepts that everyone should be familiar with, in an easy-to-follow manner.
Burrell takes the reader through the basics that make up the foundations of all math problems and then delves into mathematical concepts specifically pertaining to those in the real estate investment business. Building on the fundamentals, such as arithmetic, algebra, statistics and logic, Burrell gives the reader a review of principles necessary to understand more involved real estate mathematics. Other chapters include: interest math, investment math, income/property math, and analysis. There are plenty of examples to supplement each of the principles and the lengthy appendix includes a wealth of handy information that is perfect for using as a reference.
The best part of the book, however, is the chapter on computer applications. Burrell concludes this book with a chapter on how to perform the mathematical computations using Microsoft Office’s Excel program. This is necessary information since it shows the reader how to apply all of the concepts they learned in a manner in which they can use on a daily basis. Again, there are plenty of screen shots provided so the reader can follow along easily.
A highly recommended read that teaches math concepts you will actually utilize!
Rating: 5 / 5