Wealth opportunities in commercial real estate : management, financing and marketing of investment properties / Gary Grabel.

Format:

Book

Author/Creator:

Grabel, Gary.

Series:

THEi Wiley ebooks.

THEi Wiley ebooks

Language:

English

Subjects (All):

Commercial real estate.

Real estate investment.

Physical Description:

1 online resource (444 p.)

Edition:

1st edition

Place of Publication:

Hoboken, N.J. : Wiley, 2012.

Language Note:

English

System Details:

Access using campus network via VPN at home (THEi Users Only).

text file

Summary:

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 of the market, whether you're just starting out or an old hand. Including industry case studies and expert advice from real estate expert Gary Grabel, the book teaches you the fundamentals-including how to evaluate a potential property and how to create value even before you buy-that other

Contents:

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?

Notes:

Includes index.

ISBN:

9786613284501

9781118197226

1118197224

9781119202790

1119202795

9781283284509

1283284502

9781118197240

1118197240

OCLC:

774034020