Real Estate Perspectives: An Introduction to Real Estate

This text provides a clear presentation of the numerous investment decisions involved in real estate such as whether and how to lease, buy, sell, or mortgage a property; how to analyze and predict the forces in the market that determine real estate values; whether and when to renovate, rehabilitate, or demolish; and when and how to divest a property. The authors use Value as a unifying theme, supporting their view that students best understand and appreciate the importance of the complex economic, social, and legal processes that affect real estate markets after they have developed an understanding of how real estate valuation and investment decisions are made. The text provides a decision-making framework through a greater use of technology and quantitative decision-making tools. It is organized into five perspectives: Investment, Market, Value, Mortgage Finance and Legal.
Customer Review: Comprehensive Commercial Focus on Real Estate
I took Jack Corgel’s course in the Hotel School at Cornell. We used the third edition of this text, and it covered the spectrum of concepts for a basic introduction to real estate investment. Even though the course focused on commercial real estate, I found the concepts have helped me determine whether I have made good choices in residential real estate, as well. The best aspect of the book (and the course) was applying a discounted cash flow analysis to particular properties. As a method to assess the financial viability of a property by analyzing the rent, tax, depreciation and other effects, the discounted cash flow analysis helped me feel much more confident in my real estate investments.

The book covers four basic areas: investment principles like net present value, real estate markets, mortgage financing, and legal aspects of real estate. Although not flashy with lots of pictures, the essential concepts and methods are thoughtfully explained and applied. I highly recommend this book as a reference to keep on your shelf to refer to periodically if engaged in the acquisition of real estate. Click here to find out more …