Mastering Real Estate Investment

By the author of the bestselling guide, "What Every Real Estate Investor Needs to Know about Cash Flow... and 36 Other Key Financial Measures" (McGraw-Hill, 2004, 2008).


When you invest in real estate, you have too much at stake to make decisions blindly. You need to develop a command of the essential formulas and concepts that underlie income-property investing:

Capitalization Rate - Net Operating Income - Present Value Debt Coverage Ratio - Internal Rate of Return - Gain on Sale and much more

Here Gallinelli revisits the 37 key metrics from his "Cash Flow" book and guides you through examples that will lead you to mastery of those concepts. He then takes you beyond those formulas to the next level, with detailed case studies of four different properties:

Single-Family Rental - Renovation Project Apartment Building - Strip Shopping Center

You'll analyze these investment properties with him. In the process you'll learn to look behind the numbers, to think like a successful investor and to recognize both the opportunities and the perils you might encounter when you invest in real estate.

Frank Gallinelli is the founder and President of RealData, Inc., since 1982 one of the real estate industry's leading software firms. He has written numerous articles on real estate investing, and teaches real estate investment analysis in Columbia University's Master of Science in Real Estate Development program.