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| Preface | |
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| Introduction: The Four Ways to Make Money in Real Estate | |
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| How to Analyze a Potential Real Estate Deal | |
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| Do Your Homework: How to Gather the Data Needed to Make an Investment Decision | |
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| Property-Related Data | |
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| Ask to See the Leases | |
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| Look at the Property Tax Bill | |
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| Spot-check Utility Bills | |
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| Ask to See the Appropriate Sections of the Seller's Tax Return | |
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| Recite the Representations about the Leases and the Schedule of Rent Income in the Offer to Purchase | |
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| Market-Related Data | |
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| Investigate Comparable Sales | |
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| Look for Lease Rates and Operating Expense Data | |
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| Find Out about Local Capitalization Rates | |
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| Financial Detective Work Before You Buy: Finding the Truth Behind What the Seller Is Telling You | |
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| Basic Definitions | |
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| Analyzing Similar Properties | |
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| Comparing Expense Ratios | |
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| The Annual Property Operating Data Form | |
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| How the "Time Value of Money" Should Influence Your Real Estate Investing Decisions | |
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| Real Estate Applications | |
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| Using Excel to Make Real Estate Calculations | |
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| What Every Investor Needs to Know About Cash Flow: Calculating the Present Value | |
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| Evaluating Leases | |
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| Mortgage Calculations | |
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| How to Estimate What an Income Property Is Really Worth | |
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| Cash Flow and Taxable Income | |
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| Taxable Income or Loss | |
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| Cash Flow before Taxes | |
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| Cash Flow after Taxes | |
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| A Case Study | |
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| Resale-How to Forecast the Appreciation Potential for a Property | |
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| Measuring the Return on a Real Estate Investment | |
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| Payback Period, Cash-on-Cash Return, Gross Rent Multiplier, Debt Coverage Ratio | |
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| Capitalization Rate | |
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| Derived Capitalization Rate | |
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| Discounted Cash Flow | |
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| Internal Rate of Return | |
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| Financial Management Rate of Return and Modified Internal Rate of Return | |
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| Capital Accumulation Comparison | |
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| Thirty-Seven Calculations Every Real Estate Investor Needs to Know | |
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| Calculation 1: Simple Interest | |
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| Calculation 2: Compound Interest | |
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| Calculation 3: Rule of 72s | |
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| Calculation 4: Present Value of a Future Cash Flow | |
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| Calculation 5: Gross Rent Multiplier | |
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| Calculation 6: Gross Scheduled Income (Potential Gross Income) | |
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| Calculation 7: Vacancy and Credit Loss | |
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| Calculation 8: Gross Operating Income (Effective Gross Income) | |
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| Calculation 9: Net Operating Income | |
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| Calculation 10: Capitalization Rate | |
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| Calculation 11: Net Income Multiplier | |
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| Calculation 12: Taxable Income | |
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| Calculation 13: Cash Flow | |
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| Calculation 14: Cash-on-Cash Return | |
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| Calculation 15: Sale Proceeds | |
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| Calculation 16: Discounted Cash Flow | |
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| Calculation 17: Net Present Value | |
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| Calculation 18: Profitability Index | |
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| Calculation 19: Internal Rate of Return | |
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| Calculation 20: Price, Income, and Expenses per Unit | |
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| Calculation 21: Price, Income, and Expenses per Square Foot | |
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| Calculation 22: Operating Expense Ratio | |
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| Calculation 23: Debt Coverage Ratio | |
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| Calculation 24: Break-Even Ratio | |
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| Calculation 25: Return on Equity | |
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| Calculation 26: Loan-to-Value Ratio | |
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| Calculation 27: Points | |
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| Calculation 28: Mortgage Payment/Mortgage Constant | |
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| Calculation 29: Principal Balance/Balloon Payment | |
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| Calculation 30: Principal and Interest per Period | |
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| Calculation 31: Maximum Loan Amount | |
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| Calculation 32: Assessed Value, Property Taxes, and Value Indicated by Assessment | |
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| Calculation 33: Adjusted Basis | |
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| Calculation 34: Depreciation | |
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| Calculation 35: Gain on Sale | |
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| Calculation 36: Land Measurements | |
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| Calculation 37: Building Measurements-Gross Building Area, Usable Square Footage, Rentable Square Footage, Loss Ratio, Net Rentable Area | |
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| Appendix | |
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| Index | |