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The real estate math handbook : simplified solutions for the real estate investor PDF

286 Pages·2007·3.65 MB·English
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THE REAL ESTATE MATH HANDBOOK Simplified Solutions for the Real Estate Investor Jamaine Burrell This Atlantic Publishing eBook was professionally written, edited, fact checked, proofed and designed. Over the years our books have won dozens of book awards for content, cover design and interior design including the prestigious Benjamin Franklin award for excellence in publishing. We are proud of the high quality of our books and hope you will enjoy this eBook version, which is the same content as the print version. THE REAL ESTATE MATH HANDBOOK: SIMPLIFIED SOLUTIONS FOR THE REAL ESTATE INVESTOR Copyright © 2007 by Atlantic Publishing Group, Inc. 1405 SW 6th Ave. • Ocala, Florida 34471 • 800-814-1132 • 352-622-1875–Fax Web site: www.atlantic-pub.com • E-mail: [email protected] SAN Number: 268-1250 No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the Publisher. Requests to the Publisher for permission should be sent to Atlantic Publishing Group, Inc., 1405 SW 6th Ave., Ocala, Florida 34471. ISBN-13: 978-0-910627-07-8 ISBN-10: 0910627-07-X Burrell, Jamaine, 1958— The real estate math handbook : simplified solutions for the real estate investor / by Jamaine Burrell. p. cm. ISBN-13: 978-0-910627-07-8 (alk. paper) ISBN-10: 0910627-07-X (alk. paper) 1. Real estate investment--Mathematics. 2. Investments--Mathematics. 3. Business mathematics. I. Title. HD1382.5.B86 2007 332.63’2401513--dc22 2007028926 LIMIT OF LIABILITY/DISCLAIMER OF WARRANTY: The publisher and the author make no representations or warranties with respect to the accuracy or completeness of the contents of this work and specifically disclaim all warranties, including without limitation warranties of fitness for a particular purpose. No warranty may be created or extended by sales or promotional materials. The advice and strategies contained herein may not be suitable for every situation. This work is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional services. If professional assistance is required, the services of a competent professional should be sought. Neither the publisher nor the author shall be liable for damages arising herefrom. The fact that an organization or Web site is referred to in this work as a citation and/or a potential source of further information does not mean that the author or the publisher endorses the information the organization or Web site may provide or recommendations it may make. Further, readers should be aware that Internet Web sites listed in this work may have changed or disappeared between when this work was written and when it is read. A few years back we lost our beloved pet dog Bear, who was not only our best and dearest friend but also the “Vice President of Sunshine” here at Atlantic Publishing. He did not receive a salary but worked tirelessly 24 hours a day to please his parents. Bear was a rescue dog who turned around and showered myself, my wife, Sherri, his grandparents Jean, Bob, and Nancy, and every person and animal he met (well, maybe not rabbits) with friendship and love. He made a lot of people smile every day. We wanted you to know a portion of the profits of this book will be donated in Bear’s memory to local animal shelters, parks, conservation organizations, and other individuals and nonprofit organizations in need of assistance. – Douglas and Sherri Brown PS: We have since adopted two more rescue dogs: first Scout, and the following year, Ginger. They were both mixed golden retrievers who needed a home. Want to help animals and the world? Here are a dozen easy suggestions you and your family can implement today: • Adopt and rescue a pet from a local shelter. • Support local and no-kill animal shelters. • Plant a tree to honor someone you love. • Be a developer — put up some birdhouses. • Buy live, potted Christmas trees and replant them. • Make sure you spend time with your animals each day. • Save natural resources by recycling and buying recycled products. • Drink tap water, or filter your own water at home. • Whenever possible, limit your use of or do not use pesticides. • If you eat seafood, make sustainable choices. • Support your local farmers market. • Get outside. Visit a park, volunteer, walk your dog, or ride your bike. Five years ago, Atlantic Publishing signed the Green Press Initiative. These guidelines promote environmentally friendly practices, such as using recycled stock and vegetable-based inks, avoiding waste, choosing energy-efficient resources, and promoting a no- pulping policy. We now use 100-percent recycled stock on all our books. The results: in one year, switching to post-consumer recycled stock saved 24 mature trees, 5,000 gallons of water, the equivalent of the total energy used for one home in a year, and the equivalent of the greenhouse gases from one car driven for a year. Foreword Ken Lee The Real Estate Math Handbook, which can be used for real estate, finance, and investing, may call on your left brain to apply a bit of old-fashioned sweat equity. But this is not a doctorate-level math book that will enable you to calculate the velocity of your spinning head. This book is quite pragmatic. With the knowledge obtained from all or even part of this book, readers can rest assured they have invested in sound principles and old-fashioned, practical math know-how. Consumer interest in real estate, finance, and investing continues to grow due in large part to a general level of past success by many consumers and a concern about what lies ahead. For some who played the game with blind aggression, fortunes were created by simply participating in past real estate and stock market gold rushes. That is all about to change … again. As newer, tougher markets cast aside blind participants, savvy investors gear up for pending opportunities by embracing a foundation of knowledge. The practiced investor understands that knowledge is an investment that will pay handsomely while carrying little risk. Yet seeking the right knowledge requires care. There is plenty of sound information available, but it is often mixed with instant remedies for our millionaire status shortfall, as hawked by a plethora of gold rush information vendors. If you are seeking a spiritual swami to give you permission to attract multiple streams of income, a life coach to redefine the meaning of wealth, or an infomercial guru to help flip your investments like hotcakes, you will find one. But not on planet Earth. Here, maybe all you need or want is a little edge in knowledge, influence, and enlightenment as markets tighten. The Real Estate Math Handbook is a well-rounded resource book based on truths, not philosophies – that is math. The book is written in layers and organized well enough to be an accompaniment to a college level course in real estate or investing. It is also a fabulous reference book and an essential tool for one’s ongoing journey of financial understanding. Ken Lee is a top-producing real estate broker in Southern California, real estate investor, and small business coach. He holds a Bachelor of Science degree in Materials Engineering from the University of Pennsylvania and an MBA from Carnegie Mellon University. Contact Information: Ken Lee 661-644-3967 [email protected] Table of Contents CONTENTS Introduction Chapter 1: Basic Mathematics Chapter 2: Rate of Interest Chapter 3: Investment Mathematics Chapter 4: Real Estate Mathematics Chapter 5: Income Property Valuation Chapter 6: Financing Mathematics Chapter 7: Excel Functions Appendices References Author Dedication & Biography

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