Book Description
Real estate financial calculations made easy
Every real estate investor needs to know how to calculate cash flow, long-term gain, net operating income, and a few other basic financial formulas. What Every Real Estate Investor Needs to Know About Cash Flow . . . is a guide to the 36 most essential calculations that answer such crucial questions as "What is this building really worth today?" "What kind of cash flow can I expect?" "Is this property a good investment?" and "How do I calculate my return?" For beginning investors, real estate veterans, commercial brokers, and sellers as well as buyers, this handy reference is a must-have for anyone who wants to make sound decisions based on accurate calculations of:
- Discounted cash flow
- Cash-on-cash return
- Net operating income
- Capitalization rate
- Gross rent multiplier
- Net present value
- Payback period
- Mortgage amortization
- And many more
Download Description
Real estate financial calculations made easy
Every real estate investor needs to know how to calculate cash flow, long-term gain, net operating income, and a few other basic financial formulas. What Every Real Estate Investor Needs to Know About Cash Flow . . . is a guide to the 34 most essential calculations that answer such crucial questions as "What is this building really worth today?" "What kind of cash flow can I expect?" "Is this property a good investment?" and "How do I calculate my return?" For beginning investors, real estate veterans, commercial brokers, and sellers as well as buyers, this handy reference is a must-have for anyone who wants to make sound decisions based on accurate calculations of:
- Discounted cash flow
- Cash-on-cash return
- Net operating income
- Capitalization rate
- Gross rent multiplier
- Net present value
- Payback period
- Mortgage amortization
- And many more
Customer Reviews:
What Every Investor needs To Know About Cash Flow.......2007-10-16
Talk about detailed information! Frank Gallinelli really crunches the numbers in his new book "What Every Investor Needs To Know About Cash Flow". This book is full of examples. It talks about determining what a property will generate in terms of cash flow, as well as determining the cost of keeping a property that doesn't sell right away, etc. All those things you really need to consider in the real estate investing business. Mr. Gallinelli gives example after example on HOW to do it. This book rocks, as does Dean Graziosi's [[ ASIN:1593154461 Be A Real Estate Millionaire: Secret Strategies for Lifetime Wealth Today]].
Excellent technical manual that every RE investor needs.......2007-09-21
No Real Estate investor should be without this book. Whether you are in residential, commerical, or industrial real estate, understanding the concepts and calculations in this book is a must. The reading can be a little dry, but the information is vitally important.
A Must Read Book For Any Real Estate Investor.......2007-09-06
If you are serious about making money in real estate you must read this book. Gallinelli explains in plain English and with plenty of examples, how you objectively evaluate any real estate deal. To evaluate objectively means you use math - the numbers - to make informed decisions. Gallinelli explains each math concept, e.g. discounted cash flow, net present value, internal rate of return, etc., and why it's important. This is a quick read book. In a few hours you'll see why those who understand the math greatly increase their probability of being successful in real estate (or anything else). My only criticism is, there is no index.
One last point. I sent the author a question and he personally responded back - in detail - that same day. Now that's customer service.
Let's get technical.......2007-08-02
Very technical read. Although the content was helpful in learning formulas and the technical terms, it was not an easy read for me.
I found Bubble Proof: Real Estate Strategies that Work in any Market by Tonja Demoff more suited for me.
This Book Should be on the NY Times Best Sellers List.......2007-06-14
I have just finished reading "What Every Real Estate Investor Needs To Know About Cash Flow" and must say that Frank's ability to explain often complicated financial concepts is quite remarkable. This book teaches real estate finance in a language that other authors seem unable to communicate. Frank has a gift for which I am truely very grateful.
Book Description
A practical guide to building fully operational financial cash flow models for structured finance transactions
Structured finance and securitization deals are becoming more commonplace on Wall Street. Up until now, however, market participants have had to create their own models to analyze these deals, and new entrants have had to learn as they go. Modeling Structured Finance Cash Flows with Microsoft Excel provides readers with the information they need to build a cash flow model for structured finance and securitization deals. Financial professional Keith Allman explains individual functions and formulas, while also explaining the theory behind the spreadsheets. Each chapter begins with a discussion of theory, followed by a section called "Model Builder," in which Allman translates the theory into functions and formulas. In addition, the companion CD-ROM features all of the modeling exercises, as well as a final version of the model that is created in the text.
Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.
Customer Reviews:
Good Intro to Cash Flow Modeling.......2007-09-20
Anyone needing to learn how structured finance cash flow models work will benefit from going through this book and building the spreadsheet-based model it describes. It will be faster if you are already good at using Excel for complex modeling or pricing, but there is a fair amount of Excel advice for those who need it. The book models a single pool of mortgages that can be described by weighted average statistics incorporating both prepayment and default scenarios. Great care is taken to make the model flexible in terms of the kinds of mortgages in the pool. On the liability side the model allows for the creation of a single senior class and a sub class with an interest rate swap and a reserve. While very good for learning the cash flow consequences of sequential and pro rata payment waterfalls, this model cannot describe the structures actually issued in the market. The skills learned, however, should allow the reader to build models capable of modeling issued structures.
The writing is clear and the examples are explained well. The flow of cash into and out of the structure is emphasized by clear inputs, cash flow modeling and summary outputs.
Excellent introduction to MBS modeling.......2007-08-13
Keith's book saved me hours of trial-and-error effort with Excel for modeling structured transactions. This book takes a simple, step-by-step approach to help the reader understand the mechanics of building the cash flow model for Mortgage Backed Securities (MBS).
Once you understand the basics of model creation and cash flow, then it is a matter of refining your skills by revere-engineering more MBS transactions out there. You will find all the basic tools to become proficient in that task by following this book.
Excellent Hands-On Introduction to Structured Finance.......2007-06-03
In structured finance, there is a tremendous discrepancy between academic literature and practice. In purporting a generalizable, scientific approach, many textbooks avoid explaining the intracacies of actual structured finance deals. The fundamental issue is that the implicit value of deal transparency required for issuer and investor tends to be overlooked by authors approaching the field from an academic background. Technical pyrotechnics that suit liquid markets fail when fees, interest rates, and other deal specifics are malleable constructs negotiated among a handful of parties. At the same time, basic bond math on an unsegregated pool of loans cannot accurately describe how assets generate cash flows and the risks faced by investors.
MFSC is the *only* book (afaik) that demonstrates how real structured finance pros bridge the void between these 2 common pitfalls made by other structured finance books. For one, the calculations that belie each component of a structured finance deal is integrated into a single model rather than considered separately. Other books may describe how cash flows pay out in a senior-sub structure, but they won't, for example, take the time to step through how funding costs and triggers affect the cash flows. The primary model also gives the user flexibility to stress the model and enables the user to treat the model as a base for all structured finance deals. Through a neatly organized inputs sheet, each component in the primary model described painstakingly anticipates the gamut of variations common to these types of deals.
All this in a book that's easy to follow and a delight to read. Five stars.
Modeling of CMBS.......2007-06-03
Keith's book does an excellent job at helping both new analysts to MD's in understanding modeling of complex master tapes (models). If you need to know how to structure a fixed or floating rate transaction this book will give you key tools to understand, build and read strats, term sheets, and OC data. Many of the functions and formulas that are explained are used in real working models but in additon to that this book explains key concepts in the structured finance world. Unlike other books this book has a much more active learning style and really gets you involved.
I look forward to the day when Keith writes a book focusing on CMBS, I will defintely buy that one also.
TM
CIB
CMBS
Very Good for Professionals.......2007-05-07
The book explains very well the building and works of a very huge excell worsheet, for professionals it will be a great and interesting reading, and sometimes it will be like a great novel, when you can't stop reading
and always want to go to the next chapter before leaving it.
For begineers it will be a little hard to understand the concepts and the meanings of each chapter, but it will help too.
Book Description
Fueled in part by some extraordinary theoretical developments in finance, an explosive growth of information and computing technology, and the global expansion of investment activity, investment theory currently commands a high level of intellectual attention. Recent developments in the field are being infused into university classrooms, financial service organizations, business ventures, and into the awareness of many individual investors. Modern investment theory using the language of mathematics is now an essential aspect of academic and practitioner training. Representing a breakthrough in the organization of finance topics, Investment Science will be an indispensable tool in teaching modern investment theory. It presents sound fundamentals and shows how real problems can be solved with modern, yet simple, methods. David Luenberger gives thorough yet highly accessible mathematical coverage of standard and recent topics of introductory investments: fixed-income securities, modern portfolio theory and capital asset pricing theory, derivatives (futures, options, and swaps), and innovations in optimal portfolio growth and valuation of multiperiod risky investments. Throughout the book, he uses mathematics to present essential ideas of investments and their applications in business practice. The creative use of binomial lattices to formulate and solve a wide variety of important finance problems is a special feature of the book. In moving from fixed-income securities to derivatives, Luenberger increases naturally the level of mathematical sophistication, but never goes beyond algebra, elementary statistics/probability, and calculus. He includes appendices on probability and calculus at the end of the book for student reference. Creative examples and end-of-chapter exercises are also included to provide additional applications of principles given in the text. Ideal for investment or investment management courses in finance, engineering economics, operations research, and management science departments, Investment Science has been successfully class-tested at Boston University, Stanford University, and the University of Strathclyde, Scotland, and used in several firms where knowledge of investment principles is essential. Executives, managers, financial analysts, and project engineers responsible for evaluation and structuring of investments will also find the book beneficial. The methods described are useful in almost every field, including high-technology, utilities, financial service organizations, and manufacturing companies.
Customer Reviews:
It might be a good finance book,.......2007-08-14
but it's a terrible math book.
Too often, explanations, examples, and problems do not clearly explain the meanings of variables and applicable assumptions. This poor presentation of material makes the book barely usable to someone trying to learn the material for the first time.
superb coverage of subject matter.......2007-07-30
Prof. Luenberger currently teaches at Stanford and this book is used as the textbook for a 2-quarter series in investment science there. The coverage is concise and the math is manageable and yet extremely practical. I agree that this an excellent self-study book in the subject of investment science.
good but not excellent.......2007-03-15
This book serves very good introduction to mathematical finance. Particularly,
I enjoyed the discussion of bonds immunization, mean-variance theory, CAPM, APT.
It's most suitable for senior undergraduates or any junior graduate students.
But it doesn't deserve 5 star for the following reasons:
1) Most of the theories discussed so far in the book are TOO idealized and
over simplified. Financial data is dynamic and massive. In model quantitative/computational finance, the most important thing is to understand what the data says rather than what one thinks the data structure might be. With the book, one probably can only do some macroeconomic/very coarse analysis. Author should incorporate more data analysis evidence together with proposed theories.
2) The proof of ito's lemma is wrong(i.e. "Deltaz^2 --> deterministic as Deltat --> 0"). It's surprising since most books make the same mistake. It is the law of the large number contributes to the equality!(i.e. integration sense). The misunderstanding of the proof might lead to the misunderstanding of the hedging process.
3) In the commodity option pricing session, author demonstrated the use of futher market to price the option. This should be discussed further (i.e. black's model).
4) The volatility pumping session should be further researched. The explanation is
not satisfactory.
Good book to understand quantitative finance.......2005-06-10
Luenberger was a professor of optimization and his books on that subject are also very good. Clear and Precise. But sometimes he is extremely concise, so that you need to work a bit to completely understand a point.
In this book, we have again the same style (after all, it is the author style): Clear and precise book, GOOD choice of notation (I cant say the same thing about HULL's books) but sometimes extremely concise.
Overall, a good book to start learning and on a solid foundation.
Investment Science must have.......2005-03-24
Great book, covers lots of material and goes beyond by using the log utility to portfolio growth. Great buy!!!!
Book Description
Discover 282 marketing and sales strategies proven to make more money for you!
A self-made multimillionaire and business development expert, Brad Sugars helps you identify your company's hidden “gold mines,” dramatically boost your bottom line, and get on the fast track to big profits. And best of all, these crystal-clear, bite-sized lessons can be put to work in your business immediately! Discover how to:
- Generate hundreds of promising new leads
- Increase your conversion rate of leads to sales
- Maximize the value of your average sale
- Measure your results and fine-tune your best strategies
Get real results right now when you discover all that Instant Success has to offer!
Instant Advertising * Instant Leads * Instant Profit * Instant Promotions * Instant Referrals * Instant Repeat Business * Instant Sales * Instant Systems * Instant Team Building * The Business Coach * The Real Estate Coach * Successful Franchising * Billionaire in Training
Customer Reviews:
Awesome Book for Business Owners!.......2007-09-24
Great book for small business owners who want to learn a wide variety of marketing and selling techniques. Also helps clarify how to convert leads into buyers, and lots of other important details such as understanding ways to improve your profit margin.
Cashflow -- for a writer ? ? ? ?.......2007-07-10
Why on earth would someone who writes cozy cat mysteries want a book that deals with managing a business? [I'm reluctant to use the term "duh!" but it seems to fit here.]
My work as a writer, editor, and speaker, generates income. Ergo, I have a business. Sure, I don't have employees, but so what? The general principles are still the same, despite the common belief that writers must be starving artists until they hit the big time.
Because I've never owned a traditional business, I'm not one to judge whether or not INSTANT CASHFLOW gives valid advice about deductions and such. Yes, there is MUCH in this book that I cannot use. But the story of the mechanic, the encouragement that I can shift my thinking (and my actions) to profitable means, the concept of buying customers -- all these are ideas I can use.
Check back with me in two years and see how well it's worked.
Required Reading for Every Business Owner.......2007-05-14
As anyone in business knows, cash is KING! This book is a "must-read" because it provides a thorough overview of the most important aspect of business--how to keep the cash flowing in. There are literally hundreds of usable ideas and strategies that can be put to work in any business right away, many involving no out-of-pocket cost. Brad challenges the reader with "common-sense" approaches to building your business while providing practical solutions. Keep a note pad handy while you're reading so you can remember the ideas you will want to implement.
Instant Cashflow.......2007-03-31
This is the best business growth book I have ever read. If you are sitting at your desk wondering how to increase your cashflow...buy this book NOW. Oh yea, and you have to follow the advice too!
Limited value.......2007-03-01
This book has three short chapters on theory which are reasonably good. The parable-like stories in Chapter 3 are probably my favorites. Then there are 282 ideas on 150 pages--the bulk of the book. Then six very short and almost useless chapters including one on how you can contact the author to get consulting help.
The ideas are "fluffy"... for each one that I thought was good there are several (even dozens) that were silly, commen-sense, illegal (you cannot legally trade comp time for overtime for non-exempt position in the US), or otherwise unusable.
So the ultimate value of this book is how to make a lot of money writing some very thin material and a monument to Sugars' salesmanship.
Book Description
Successful methodology for identifying earnings-related reporting indiscretions
Creative Cash Flow Reporting and Analysis capitalizes on current concerns with misleading financial reporting on misleading financial reporting. It identifies the common steps used to yield misleading cash flow amounts, demonstrates how to adjust the cash flow statement for more effective analysis, and how to use adjusted operating cash flow to uncover earnings that have been misreported using aggressive or fraudulent accounting practices.
Charles W. Mulford, PhD, CPA (Atlanta, GA), is the coauthor of three books, including the bestselling The Financial Numbers Game: Identifying Creative Accounting Practices. Eugene E. Comiskey, PhD, CPA, CMA (Atlanta, GA), is the coauthor of the bestselling The Financial Numbers Game: Identifying Creative Accounting Practices.
Download Description
"Successful methodology for identifying earnings-related reporting indiscretions
Creative Cash Flow Reporting and Analysis capitalizes on current concerns with misleading financial reporting on misleading financial reporting. It identifies the common steps used to yield misleading cash flow amounts, demonstrates how to adjust the cash flow statement for more effective analysis, and how to use adjusted operating cash flow to uncover earnings that have been misreported using aggressive or fraudulent accounting practices.
Charles W. Mulford, PhD, CPA (Atlanta, GA), is the coauthor of three books, including the bestselling The Financial Numbers Game: Identifying Creative Accounting Practices. Eugene E. Comiskey, PhD, CPA, CMA (Atlanta, GA), is the coauthor of the bestselling The Financial Numbers Game: Identifying Creative Accounting Practices."
Customer Reviews:
The best book on the subject.......2007-10-01
I was a student of Dr. Mulford during my MBA, and I can say that the book is as great as his class. He definitvely was one of the best professors I ever had.
We are used to see in many valuation books to take Free Cash Flow as a given; therefore not understanding the real implication of FCF manipulation in enterprise value.
This book explains how the FCF can be calculated and what are the usual "tricks" that companies do in order to show better (or worse?) results. And that is what is all about: building financial criteria for managers in order to make the best decisions.
The best: meaty, well-written and thorough.......2007-08-23
This is not your typical accounting/finance book (i.e., unclear, unfocused and boring). Creative Cash Flow Reporting is the best and most important accounting/finance book I've read in many years. The authors are certainly focused on the right area (determining sustainable cash flow from operations). The interesting nuances of cash flow reporting are laid out in simple terms (e.g., debt funding and repayments are reported with Financing cash flows, but the related interest expense is reported with Operating cash flows). The authors also go beyond the numbers to provide good background re: a number of strategic alternatives (e.g., why one might enter into a sale/leaseback transaction). There are many other reasons to recommend the book.
In summary, this book is a "must have" for accountants and financial analysts, and I would strongly recommend for CEOs, COOs, corporate and securities attorneys, and corporate middle managers.
Nothing new in here.......2006-12-13
this book serves more as a dictionary of cash flow related items rather than offering any prescription for active monitoring of cash flow related mischief.
save your time and money.
Groundbreaking book.......2006-03-18
Mulford and Comiskey have delivered a tour de force for the financial and accounting community in this book. Whether you are a financial analyst, corporate accountant, auditor or an executive with a small or large firm, you absolutely will benefit from this book. It is one of the most important books of the last 20 years, and in my opinion, it is the finest book ever written on the concepts and methods of deciphering Operating Cash Flow, it's relationship to earnings, calibrating and measuring free cash flow, as well as the mechanics and drivers (and sometimes deliberate manipulation by unscrupulous management) within the business system that can lead to distortions in the Cash Flow statement.
What about earnings supported by artificial means? What are the core drivers of cash flows? What should our view be, vis a vis the Operating Cash flows, regarding non recurring charges and depreciation? Are capital expenditures really as cut and dry as we like to think they are, under GAAP? How does it impact our cash flows, in the real world? How is it sometimes manipulated, to distort the underlying cash flow realities?
If you are a financial or accounting professional, read this book. Read it twice. Read it three times. An absolutely extraordinary book. Well written, insightfull, never boring, always intriguing with unique content. The authors have such an extraordinary grasp of accounting and financial flows, and bring such groundbreaking concepts and ideas to the field, that you won't put this book down, and there are not many accounting or finance books we can say that about !! "Creative Cash Flow" by Mulford and Comiskey is absolutely a virtuoso performance. Amongst, and compared to, the entire literature that exists in the field of accounting and financial analysis, this book is an extraordinary achievement.
Simply the best book on the subject........2005-09-04
Messers Mulford and Comiskey have released a primer on what has lately become a messy subject. Unlike other books with a focus on cash--Hackel's book, for example--this one delves a little bit deeper into the subject of financial misreporting. The reader is given a synopsis of how companies say that their cash is operating, whereas it ought to be put under financing or investing cash flow. There is a multitude of similarly constructed arguments. The examples are lucid, apropos, and contemporary. The book also has a deterministic model for calculating CFFO. Read it.
Book Description
Entrepreneur's Notebook propels you on a whirlwind tour of the start-up process. It is an invaluable reference for new and experienced entrepreneurs that includes chapters on a wide range of topics, from entrepreneurial team building to business plans to financing. This excellent book provides an incredible amount of practical information that will help you make smarter decisions and avoid costly mistakes. The author, Steven K. Gold, is an accomplished entrepreneur who has co-founded and led five early-stage ventures. As an investor and mentor, he also advises many entrepreneurs and young companies. He earned his B.S.E. in Entrepreneurial Management from the Wharton School of the University of Pennsylvania, and his M.D. from Brown University Medical School.
Customer Reviews:
Nice Guide for Beginners.......2007-06-16
The author writes a nice overview of the entrepreneurial process. It's basically for novices but it does a good job for this audience. The only problem I have with this book is that it is too basic and is therefore non-unique because it is so low-level. Regardless, I must say that for the right audience, it does a fine job over giving the big picture.
If you are advanced or aspire to become advanced, I would recommend "The Startup Company Bible for Entrepreneurs" but only for high-tech entrepreneurs. Even this author has recommended it.
A Must-Have for Entrepreneurs.......2007-05-14
Steven gives great illustrations to drive home his insightful advice for entrepreneurs. As he's "been there, done that," we can take his advice to heart in the hopes of becoming a success like him!
Exellent Book.......2007-05-11
Great book for getting ready to open a new business. Would refer to anyone thinking about opening a business.
Brief and to the point.......2007-04-27
This is a delightful little book that contains a wealth of useful and helpful information and ideas on starting a small business and ensuring that it is viable and succesful. The book is well written and easy to follow and interesting to read.
This is a must read for entrepreneurs, particularly budding ones as the information the book provides is very practical and can help you avoid making costly errors. The book covers a wide range of topics including the start-up process, marketing the business on a small budget, cash-flow forecasting, among other things.
The book is an excellent companion for the entrepreneur that is well worth having.
Invaluable advice for the budding entrepreneur.......2007-03-04
This book does a terrific job of presenting some of the most important issues entrepreneurs face when embarking on new ventures, touching on topics such as the business plan, funding, team building, and cash flows. Using simple, yet stunningly accurate models of the entrepreneurial process, Steven Gold distills complex subjects into simple, practical, take-away messages. The classification of entrepreneurial personalities (professionals, pragmatists, and inventors) is something I think we can all relate to. I find the metaphor which compares building a new company to making "stone soup" equally compelling. There are countless books out there for budding entrepreneurs, but this one is no fluff. It gets right down to the nuts and bolts so you can concentrate on your business.
Book Description
Praise for Financial Analysis Tools and Techniques:
"Bona fide treasury for executives, managers, entrepreneurs. Have long used this great work in corporate & university programs. Uniquely makes the arcane clear."Allen B. Barnes, Provost, IBM Advanced Business Institute
"A candidate for every consultant-to-management's bookshelf. Its beauty lies in the dynamic model of the business system and its management decision framework."Stanley Press CMC, Book review in C2M Consulting to Management Journal
"Goes a long way to remove the mystery from business finance. Approach allows managers from all areas to understand how their decisions impact shareholder value."Stephen E. Frank, Chairman and Chief Executive Officer, Southern California Edison
"Helfert has rare ability to make financial concepts understandable to those lacking financial background. His finance seminars exceeded our high expectations."L. Pendleton Siegel, Chairman and Chief Executive Officer, Potlatch Corporation
"Commend the clarity, organization and currency of contents. There is no other book available that does the task in such an understandable and accessible way."Dr. Thomas F. Hawk, Frostburg State University
"Helfert's excellent overviews and simplified models effectively broadened our managers' understanding of their fiscal responsibility to HP and our shareholders."Robert P. Wayman, Executive Vice President, Chief Financial Officer, Hewlett-Packard Company
"The book has become a classic, and Helfert has been of substantial help to my company in teaching our people how to think about the numbers which drive it."Robert J. Saldich, President and Chief Executive Officer, Raychem Corporation
"Helfert has contributed to the development of financial skills of TRW managers through his book, case studies and presentations, and highly rated instruction."Peter S. Hellman, President and Chief Operating Officer, TRW Inc.
"Helfert has the ability to make financial concepts understandable, and his credibility and content added significantly to the success of our educational effort."Giulio Agostini, Senior Vice President Finance, and Office Administration, 3M Corporation
"Helfert's writing and teaching have become a mainstay for us, and his business and strategic sense have been recognized as valuable guides to our process."William H. Clover, Ph.D., Manager of Training, and AMOCO Learning Center
Concepts and tools for making sound business decisions
Financial Analysis Tools and Techniques, a business-focused revision of Erich Helfert's perennial college bestseller Techniques of Financial Analysis, is a quick, easy read for nonfinancial managers and an excellent refresher and reference for finance professionals. This practical, hands-on guide provides a new introductory chapter that gives context to today's valuation turmoil and helps professionals understand the economic drivers of a business and the importance of cash flow.
The book's overriding theme is that any business should be viewed as a dynamic, integrated system of cash flowsone that can be activated and managed by investment decisions. Topics, discussed in clear, comprehensive, and easy-to-understand detail, include:
- Increasing shareholder value through value-based management (VBM)
- Interpreting pro forma financial statements
Download Description
Financial Analysis Tools and Techniques, a business-focused revision of Erich Helfert's perennial college bestseller Techniques of Financial Analysis, is a quick, easy read for nonfinancial managers and an excellent refresher and reference for finance professionals.
Book Description
The first and only guide of its kind to offer nonprofit executives help with the vital task of cash flow management!
Murray Dropkin--an expert in the field of nonprofit accounting and author of The Budget-Building Book for Nonprofits--reveals how to create an effective plan for cash flow management. This unprecedented guide offers you nuts-and-bolts suggestions for using this plan to develop successful strategies for the day-to-day and long-term financial planning of any nonprofit organization. Filled with to-do lists, sample forms, worksheets, schedules, policies and procedures, and checklists, The Cash Flow Management Book for Nonprofits is a fundamental financial management toolkit for nonprofit managers and board members.
Customer Reviews:
Excellent Resource.......2006-11-07
I have found this book to be very helpful and easy to understand. We have developed new cash flow reports that have been invaluable to our staff and board. I would highly recommend this book to others in the nonprofit business.
Book Description
What if you could consistently bring in $5,000 to $50,000 in real estate cash flow every month? Would you change the way you live your life? Every year, thousands of Americans do just that, using real estate to achieve the wealth and independence they've always dreamed of. In The Real Estate Fast Track, author David Finkel offers step-by-step guidance on building a real estate business that lets you earn more while you work less! You'll master all five of the core skills of the world's wealthiest investors and learn the advanced secrets that have helped Finkel's students and clients buy and sell over $1 billion of real estate, much of it without cash or credit. You'll build your real estate business until you can relax and watch the money flow in.
Plus, there's more:
- Six forms of leverage you can tap into
- Five fun, easy systems to find deal after deal
- A simple, three-step system for safely evaluating any real estate deal
- Twenty-one advanced deal-structuring strategies to close even the toughest deal
- Fourteen advanced negotiating techniques to make up to an extra $25,000 per deal
- Ten contract pitfalls that trip up most investors
- Using true stories from real people to illustrate the basics of successful investing, this practical, step-by-step guide presents the kind of proven, reality-based advice you need to live the life of your dreams—with all the money and free time you want!
"Naysayers look out! The Real Estate Fast Track discloses step-by-step strategies that practically guarantee immediate cash flow, no matter what the real estate market does. This stuff works."
—Diane Kennedy, bestselling coauthor of The Insider's Guide to Making Money in Real Estate and author of Loopholes of the Rich
"This book is just like David: clear, organized, and intelligent with an easygoing style. The valuable information within is actually a blueprint or how-to manual on producing your own passive cash flowing real estate investment business! WOW, what an achievement!"
—Bill Tan, President of the San Diego Creative Investors Association and BTi Investments, Inc.
David Finkel is one of the nation's leading real estate experts. He is the coauthor of several books, including the Wiley titles Buying Real Estate Without Cash or Credit and How to Retire Fast Investing in Commercial Real Estate, as well as the Wall Street Journal and BusinessWeek bestseller Making Big Money Investing in Foreclosures Without Cash or Credit. Over the past decade, Finkel's clients have bought and sold over $1 billion of real estate.
Download Description
What if you could consistently bring in $5,000 to $50,000 in real estate cash flow every month? Would you change the way you live your life? Every year, thousands of Americans do just that, using real estate to achieve the wealth and independence they've always dreamed of. In The Real Estate Fast Track, author David Finkel offers step-by-step guidance on building a real estate business that lets you earn more while you work less! You'll master all five of the core skills of the world's wealthiest investors and learn the advanced secrets that have helped Finkel's students and clients buy and sell over $1 billion of real estate, much of it without cash or credit. You'll build your real estate business until you can relax and watch the money flow in. Plus, there's more: Six forms of leverage you can tap into Five fun, easy systems to find deal after deal A simple, three-step system for safely evaluating any real estate deal Twenty-one advanced deal-structuring strategies to close even the toughest deal Fourteen advanced negotiating techniques to make up to an extra $25,000 per deal Ten contract pitfalls that trip up most investors
Customer Reviews:
Not a book to waste your money on.......2007-03-11
I find it hard to believe that any of these "strategies" would work. Hang up signs, assume mortgages, options... don't waste your time. I have read many books and this is probably the worst. It may offer some motivation, but the majority of these ideas are worthless!
READ ME! Get rich or die trying.......2006-11-15
This book essentially puts it out to get rich by looking for preforeclosures or distressed mortgages, getting a house on the cheap and having someone else pay for the mortgage. Overall a general good book to read and a must have for the real estate investor's library.
PROS:
1. Describes tried and true rental strategies.
2. Describes flipping strategies.
CONS:
1. Advertisement about other seminars.
OTHER SUGGESTED READING:
1. Investing Without Losing (ISBN: 0978834607 NOT on amazn, on other stores)
Why? Learn how to buy properties below market value and flip it in a week.
The Real Estate Fast Track: How to Create a $5,000 to $50,000 Per Month Real Estate Cash Flow (Creating Cash Flow Series).......2006-09-17
Not worth the time reading. Get Rich quick ideas. Post signs and take over mortgage payments, lease options, etc
Priceless!!.......2006-06-29
This is one of the best books about building a real estate business I have ever read. If you already have a few income producing properties then this is the book for you. There's a ton of books out there for people that want to start investing in Real Estate, but if you already own properties and want to learn more about building a real estate business that works so you don't have to then this is the book you need. I read the book cover to cover and it is a GREAT value, dollar for dollar you cannot get better information!
Oh, My!.......2006-06-28
This book functions primarily as a large advertisement for the author's seminars/classes. Most of what the book presents is naive, simplistic or just plain wrong. The financial side techniques presented include "tried and true" goodies that don't work now and didn't work when I first read them in a book my dad bought 40 years ago.
The negotiating tactics don't work. See Spin Selling for some of the best sales and negotiating material out there.
Of course, if you are able to deal only with people who are completely ignorant of the real estate values in their town and who distrust lawyers, i.e., don't have contracts reviewed in lieu of using a real estate broker, you may get some of these gems to work for you.
And what do I know? Not much -- but I have appeared in court as an expert appraisal witness, made a few million in real estate (& yes, I still read books. Who knows when I'll find a good idea?) and been a real estate broker for 30 years.
The author, if he ever made any money in real estate, is now, it would seem, making his money selling his seminars. Run, don't walk, away from the author and his materials.
Book Description
If you are considering investing in a pre-packaged commercial property such as an office tower or a retail shopping center, Effortless Cash Flow: The ABC's of TICs (Tenant in Common properties) will guide you through the process and help you weigh the pros and cons of this type of investment.
The worlds of commercial real estate, securities, finance, and law are intricately woven together in a TIC investment. Author Kathy Heshelow is a seasoned commercial real estate broker and licensed securities representative who shares varied personal experiences as she leads you through the complex structure of TIC investments. Heshelow provides basic overviews and thoroughly answers such common questions as:
- Why are TIC properties so popular?
- What is the 1031 Tax Deferred Exchange?
- Are TIC properties considered real estate or securities?
- Who are the professionals involved in the TIC transaction?
- What are the pros, cons, and steps to investment?
Today's world offers more for investors than ever before. If you are contemplating a TIC investment, Effortless Cash Flow: The ABC's of TICs (Tenant in Common properties) will help you make an educated investment decision and decipher the inherent advantages and disadvantages.
Customer Reviews:
Great Book.......2007-02-23
This is an excellent primer on a very complicated, but increasingly popular, form of real estate investment. The author clearly understands the relative risks and benefits of TIC deals and explains the key issues in everyday language. Real estate investors considering 1031 like-kind exchanges would be well served to read this book.
Very Helpful.......2006-05-09
I am going to invest in a TIC and bought this book. I found it helpful and written in an easy-to-read way for a complicated subject. I feel like I understand what I need to know about TICs. I have done a 1031 exchange before but anyone who has not will benefit from that chapter, too. The book had some practical advice.
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General
| Business & Investing
| Subjects
| Books
The Complete Guide to Real Estate Finance for Investment Properties: How to Analyze Any Single-Family, Multifamily, or Commercial Property
Insider Secrets to Financing Your Real Estate Investments: What Every Real Estate Investor Needs to Know About Finding and Financing Your Next Deal
The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate -- Before the Public Auction
Investing in Real Estate, 5th Edition
Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth
