A new edition of the best-seller, revised to reflect tax law changes, including the Tax Reform Act of 1986. Covers all aspects of real estate investment, from basic theoretical concepts to the practicalities of portfolio management. Emphasis is on analysis and management of investment risk and return. Comprehensive coverage includes such topics as property selection, ownership responsibility, marketing, and negotiation. Contains a continuing case (revised for this edition) that builds in complexity throughout the text.
As a real estate investor I often refer to this book when I am in need help making a decision. It is the next best thing to having a seasoned partner who has been through many market cycles. As a Licensed Commercial Real Estate Appraiser and Broker I am impressed with the material as well as how it is presented. While lifetime of practical knoweledge is somehow reduced to a single 900 page plus book, it is not "dumbed down" for mass appeal purposes. Although I was introduced to this book through a course at Boston University I found it's format more interesting than academic.When investing your money in real estate it is better to read a book like this and learn than, to "just do it" and learn the hard way, believe me. This book is a keeper for your professional library.
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