Principles of Real Estate Investment - 1st Edition
Principles of Real Estate Investment provides a clear, practical introduction to real estate held to earn a return: why investors buy it, how income property is analyzed and financed, how taxes shape every decision, and how licensees serve investors from the first conversation through closing.
Designed for students in real estate investment courses and for licensees moving beyond residential sales, this textbook follows the investment process from the characteristics that make real estate an investment, through the analysis that tells an investor what a property is worth, to the brokerage practice that brings buyers and sellers together. Rather than treating investment as a collection of disconnected formulas, the book shows how income, financing, taxes, and market conditions work together in an actual investment decision.
Topics include:
The text is streamlined, direct, and practical, making complex investment concepts easier to understand without sacrificing the knowledge students need to work with investors.
Concepts are reinforced through worked examples, step-by-step calculations, and 35 exhibits, with a student-oriented organization designed to build understanding from chapter to chapter. Each chapter closes with a Snapshot Review that condenses the material to its essentials and a quiz whose answer key explains the reasoning behind every answer, not just the correct letter. A complete glossary and index round out the text.
Content Features of Principles of Real Estate Investment:
Course use. Principles of Real Estate Investment is suited to any real estate investment course, including the Texas 30-hour Real Estate Investment qualifying course accepted for Sales Agent Apprentice Education (SAE), as well as to postlicense, continuing education, and college use.
For schools and students who want the financing side in depth, we also publish Principles of Real Estate Finance, which covers the Texas 30-hour real estate finance requirement.
Can Principles of Real Estate Investment be used for online qualifying, SAE, or CE courses?
Absolutely. Principles of Real Estate Investment and our other books can be used for online courses through our company's unique licensing agreement. Our material can be used either to develop new courseware or to improve existing online courses. Once we receive a signed agreement, we email all the digital formats (PDF, Word, and ePub) of the textbook along with the supplemental resources, so you can create or improve your own online courses. The materials can be copied into course screens, used for reading assignments, or converted into audio, video, or PowerPoint, all behind your school's learning management system. For Texas online courses, the package already includes the three scenario-based learning exercises TREC requires for a 30-hour distance education course. Feel free to ask us for more information about licensing and to see our textbooks' licensing agreements.
I'm interested. What now?
Call or write today for your complimentary copy of Principles of Real Estate Investment. Note: this offer applies only to licensed real estate instructors and school directors. Find out why more and more schools are switching to Performance Programs Company textbooks!
Ryan Mettling
Publisher
Performance Programs Company
[email protected]
941-677-6043
Designed for students in real estate investment courses and for licensees moving beyond residential sales, this textbook follows the investment process from the characteristics that make real estate an investment, through the analysis that tells an investor what a property is worth, to the brokerage practice that brings buyers and sellers together. Rather than treating investment as a collection of disconnected formulas, the book shows how income, financing, taxes, and market conditions work together in an actual investment decision.
Topics include:
- Why investors buy real estate, and the risks and rewards of ownership
- Taxation of investment property: depreciation, passive activity rules, gain on sale, installment sales, and Section 1031 exchanges
- Property tax assessment and its effect on value
- Ownership interests, entities, REITs, and syndications
- Office and industrial properties
- Retail properties and shopping centers
- Residential income properties, including single-family and short-term rentals
- The operating statement, capitalization rates, and measures of return
- Financing, leverage, and loan sizing
- The time value of money and discounted cash flow analysis
- Net present value and internal rate of return
- A complete investment analysis of an apartment property
- Investment brokerage, territory development, and market trends
- Investor and user needs by property segment
- Managing the investment property
- Transaction benchmarks from letter of intent to closing
The text is streamlined, direct, and practical, making complex investment concepts easier to understand without sacrificing the knowledge students need to work with investors.
Concepts are reinforced through worked examples, step-by-step calculations, and 35 exhibits, with a student-oriented organization designed to build understanding from chapter to chapter. Each chapter closes with a Snapshot Review that condenses the material to its essentials and a quiz whose answer key explains the reasoning behind every answer, not just the correct letter. A complete glossary and index round out the text.
Content Features of Principles of Real Estate Investment:
- 348 pages
- Available in printed, PDF, Word, and ePub formats
- Written to cover the topics in TREC's Real Estate Investment (REI-0) course outline and national real estate investment topics
- Comprehensive coverage of office, industrial, retail, and residential income property
- Worked calculations throughout, set out step by step
- 35 exhibits, including operating statements, cash flow projections, and market cycle charts
- Snapshot Review at the end of every chapter
- 185 chapter review questions with an answer key that explains the reasoning behind every answer
- 269-term glossary
- Full index
- ISBN 978-1965482780
- Supplemental materials including 324 slides of chapter PowerPoint presentations with speaker notes, an instructor guide, a 60-question practice examination, four independent 60-question final examinations, three scenario-based learning exercises for online delivery, a completed TREC REI-0 crosswalk, and question databases in Excel
Course use. Principles of Real Estate Investment is suited to any real estate investment course, including the Texas 30-hour Real Estate Investment qualifying course accepted for Sales Agent Apprentice Education (SAE), as well as to postlicense, continuing education, and college use.
For schools and students who want the financing side in depth, we also publish Principles of Real Estate Finance, which covers the Texas 30-hour real estate finance requirement.
Can Principles of Real Estate Investment be used for online qualifying, SAE, or CE courses?
Absolutely. Principles of Real Estate Investment and our other books can be used for online courses through our company's unique licensing agreement. Our material can be used either to develop new courseware or to improve existing online courses. Once we receive a signed agreement, we email all the digital formats (PDF, Word, and ePub) of the textbook along with the supplemental resources, so you can create or improve your own online courses. The materials can be copied into course screens, used for reading assignments, or converted into audio, video, or PowerPoint, all behind your school's learning management system. For Texas online courses, the package already includes the three scenario-based learning exercises TREC requires for a 30-hour distance education course. Feel free to ask us for more information about licensing and to see our textbooks' licensing agreements.
I'm interested. What now?
Call or write today for your complimentary copy of Principles of Real Estate Investment. Note: this offer applies only to licensed real estate instructors and school directors. Find out why more and more schools are switching to Performance Programs Company textbooks!
Ryan Mettling
Publisher
Performance Programs Company
[email protected]
941-677-6043
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Table of Contents
Principles of Real Estate Investment, 1st Edition Section I: Fundamentals of Traditional Real Estate Investment 1. Characteristics of Real Estate Investment
Section II: Investment Analysis 7. Performance Analysis: Investment Return
Section III: Real Estate Investment as a Brokerage Specialization 10. Review of the Investment Brokerage Market
Answer Key for Quizzes Glossary of General Real Estate Investment Terms Index |
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About the authors - Stephen Mettling & Ryan Mettling
For over fifty years, Stephen Mettling has operated one of the nation’s most successful custom training organizations specializing in real estate program development. Mr. Mettling has also served as vice president and author for a major real estate training and publishing organization. Under various capacities, he has managed the acquisition, development, and sale of national real estate textbooks and publications, as well as directed the country’s largest affiliated group of real estate schools.
Ryan Mettling, partner and publisher of Performance Programs, is an accomplished online curriculum designer, author, and course developer. He is responsible for the company’s strategic planning, general management, printing and production, e-pub and retail platforms, and multi-channel marketing. Ryan is a co-author of the Real Estate License Exam Prep (RELEP) Series and Real Estate Math Express. Mr. Mettling is a member of the Real Estate Educators Association (REEA), and graduated Valedictorian from the University of Central Florida’s College of Business Administration.
For over fifty years, Stephen Mettling has operated one of the nation’s most successful custom training organizations specializing in real estate program development. Mr. Mettling has also served as vice president and author for a major real estate training and publishing organization. Under various capacities, he has managed the acquisition, development, and sale of national real estate textbooks and publications, as well as directed the country’s largest affiliated group of real estate schools.
Ryan Mettling, partner and publisher of Performance Programs, is an accomplished online curriculum designer, author, and course developer. He is responsible for the company’s strategic planning, general management, printing and production, e-pub and retail platforms, and multi-channel marketing. Ryan is a co-author of the Real Estate License Exam Prep (RELEP) Series and Real Estate Math Express. Mr. Mettling is a member of the Real Estate Educators Association (REEA), and graduated Valedictorian from the University of Central Florida’s College of Business Administration.