What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures, Updated Edition

While this book does share some similarities with a math textbook, the author does a great job of breaking down the concepts in a way that makes them much easier to understand and is constantly providing both examples and sample scenarios. He gets you to frequently test your knowledge to ensure you understand the concepts before moving on to the next section. He also interjects humor into what could otherwise be fairly dry content since it is a lot of formulas. Many books introducing you to real estate investing will push you to their websites so that they can get you to sign up for an expensive service or otherwise get you to spend a lot of money with them, whereas this author instead points you to free resources. Additionally, other books tend to focus on motivation or getting you to dream big, whereas this book focuses on giving you the tools you need to be successful by building a solid foundation and helping you understand the critical numbers. I highly recommend this book.

This book is amazing! This will take you on a deep dive with financial metrics that you need to know. Author writes with humor too. This book is a must on every real estate investors bookshelf. You won’t be sorry you bought this book! This should be a book that must be read in high school for every student. It’s that good!

This book really has everything you need to know about figuring out the financials of investment real estate. It's phenomenal with guiding you through the process and explaining thigs with great examples that teach you what you need to know to make good decisions.

So many real estate investment books issued for the mass market are long on hype, short on substance and lacking clearly explained financial concepts. I am always delighted to find a book that is not only chock full of helpful information, but is written in a clear, concise manner. Frank Gallinelli has written a helpful book of explanations of many important financial measures used regularly by real estate investors. He defines the financial concepts, demonstrates how the calculations are done, then tells the reader how and why this calculation is important to the investor. His definitions and explanations are among the clearest I have read in my 30+ year career in the financial world.

Great

Once you decide to invest in rental properties, this book really helps explain how to analyze deals. It allows investors to fully analyze properties from so many angles. It allowed me to build a spreadsheet to quickly put in values and instantly come up with NOI, ADS, CFBT, CFAT, etc. The author also has a great sense of humor and makes the topics super fun. Highly recommend!

Great book that’s focused on the blocking and tackling, the fundamentals of real estate investment calcs. Great read and will recommend to others.

Excellent reference material for real estate investors. But, sometimes I'm left questioning when to apply tax benefits in calculations, loan servicing fees, and appreciation. These are all basic questions that he usually addresses. But, you have to do a lot of cross checking in different parts of the book to know if an underlying formula includes depreciation, tax deductions, etc. Frank lays out examples for each calculation, including the sub-calculations that make up larger formulas. This helps a lot. I'd add that this seems to be a problem in the industry, not just the book. For example, using the Cash on Cash (CoC) formula, do you include debt service? Some investors do, and that's wrong. Frank explains the purpose of the formula well, and why debt service is not included. With CoC do you include repairs and renovations in Total Cash Invested? The book doesn't seem to explain why not to include these expenses. From my perspective, this makes an investment appear better than it is. So, some words of wisdom. 1. Get to know everything involved in the investment analysis. That includes CoC, ROI, depreciation/appreciation, debt servicing, closing costs, renovation costs, ongoing maintenance, the effects of inflation to rent and expenses. This is even MORE important if you are trusting someone else's reports for your investment. Whether that is the seller, an investment group, or someone offering a "turn-key" property for an investment. 2. Make your own calculations and ALWAYS use them to evaluate potential investments and your existing properties. Are they performing as expected? Are your expenses in line with the building for its location, condition, age, and quality of build/features? I see a lot of individuals and companies picking up investment properties that just don't have the income potential to support renovation or maintenance. These are properties destined to drag down a neighborhood. I don't want to be a slum lord. For me, it has to be a good investment property, a good home, and good for the community.

I was looking for a single book that have all the financial calculations. Well-written and comprehensive. Recommended for real estate investors!

Interesting and very easy to understand. It has been very useful for my day by day job in real estate market.

Great book

Sehr komplex beschrieben und konkret durchgerechnet, wann sich für wen real estate lohnt

A very good real estate book. It's excellent and very helpful for all real estate investors