Real Estate Investment : A Value Based Approach
by G Jason Goddard, Bill Marcum
| Year of publication: |
2012
|
|---|---|
| Authors: | Goddard, G. Jason |
| Other Persons: | Marcum, Bill (contributor) |
| Publisher: |
Berlin, Heidelberg : Springer |
| Subject: | Immobilien | Real estate | Investitionsrechnung | Investment appraisal techniques | Finanzierung | Financing | Immobilienbewertung | Real estate appraisal | Kapitalanlage | Financial investment | Theorie | Theory | Immobilienanlage | Gewerbeimmobilien | Wohnimmobilien | Immobilienfonds auf Aktien | Risikoanalyse |
| Description of contents: | Description [swbplus.bsz-bw.de] |
| Extent: | Online-Ressource (XIV, 298 p. 70 illus, digital) |
|---|---|
| Series: | |
| Type of publication: | Book / Working Paper |
| Type of publication (narrower categories): | Lehrbuch |
| Language: | English |
| Notes: | Description based upon print version of record ""Real Estate Investment""; ""A Value Based Approach""; ""Preface""; ""Contents""; ""About the Authors""; ""1 Real Estate Investing After the Fall ""; ""1.1 General Introduction to Real Estate Investing""; ""1.1.1 Speculative Investment and Value Investment""; ""1.2 The Various Market Participants""; ""1.3 Typical Investment Options""; ""1.3.1 Framework for Investment Property Selection""; ""1.4 Property Rights and Title Assurance""; ""1.4.1 The Importance of Property Rights""; ""1.4.1.1 Origins of United States Property Rights System"" ""1.4.1.2 Property Rights Issues Today in Developing Countries""""1.4.1.3 Limits on Property Rights""; ""1.4.2 Title Assurance""; ""1.4.2.1 The ``EstateÂ?Â? in Real Estate""; ""1.4.2.2 Title Assurance Defined""; ""1.4.2.3 Methods of Title Assurance""; ""1.5 Real Estate Market Cycle""; ""1.5.1 Global Linkages""; ""1.5.2 Comparative Advantage""; ""1.5.3 Supply and Demand Analysis""; ""1.5.4 Reasons for New Construction""; ""Mini-Case: Market Research Analysis Case Study""; ""Area Analysis""; ""Location""; ""Social Forces""; ""Economic Forces""; ""Governmental Forces""; ""Environmental Forces"" ""Neighborhood/Competitive Market Analysis""""References""; ""2 Real Estate Finance: Loan Documentation and Payment Structures ""; ""2.1 The Investment Motive""; ""2.2 Documentation of Real Estate Conveyance and Indebtedness""; ""2.2.1 Mortgage""; ""2.2.2 Note""; ""2.2.3 Guaranty Agreement""; ""2.3 The Various Forms of Mortgage Amortizations""; ""2.3.1 Types of Repayment Structures""; ""2.3.2 Fixed Rate Repayment Structures""; ""2.3.3 Variable Rate Repayment Structures""; ""2.4 Pretend and Extend or Bankruptcy?""; ""2.4.1 Foreclosure and Bottom Fishing""; ""2.4.2 Bankruptcy"" ""Mini-Case: Workout Loan Scenario""""References""; ""3 Finance and Real Estate Valuation ""; ""3.1 Return to Fundamentals""; ""3.2 Determining the InvestorÂ?s Yield""; ""3.2.1 Basics of Investment Yield""; ""3.3 Holding Period and Investment Strategy""; ""3.4 The Concept of Compound Interest""; ""3.5 Net Present Value (NPV)""; ""3.6 Internal Rate of Return (IRR)""; ""3.6.1 Partitioning the Internal Rate of Return""; ""3.6.2 Weaknesses in the Internal Rate of Return Model""; ""3.7 Valuing Real Estate Versus Homogenous Assets""; ""Mini-Case #1: Rent Roll Analysis""; ""References"" ""Mini-Case #2: Operating Expense Analysis""""4 Real Estate Valuation ""; ""4.1 The Appraisal Process""; ""4.1.1 Beginning the Appraisal Process""; ""4.2 The Three Approaches to Value""; ""4.2.1 The Sales Approach to Value""; ""4.2.2 The Cost Approach to Value""; ""4.2.3 The Income Approach to Value""; ""4.2.3.1 Gross Income Multiplier""; ""4.2.3.2 Direct Capitalization""; ""4.2.3.3 Discounted Cash Flow""; ""4.2.3.4 Final Value Conclusion""; ""4.3 Introduction to Cap Rates""; ""4.3.1 Market Extraction Method""; ""4.3.2 Market Survey Method""; ""4.3.3 LenderÂ?s Yield Method"" ""4.3.4 Band of Investments Technique"" |
| ISBN: | 978-3-642-23527-6 ; 978-3-642-23526-9 |
| Other identifiers: | 10.1007/978-3-642-23527-6 [DOI] |
| Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014016016