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Real Estate Investing After the Fall

  • January 2012
DOI:10.1007/978-3-642-23527-6_1
Authors:
Jason Goddard at Wake Forest University
Jason Goddard
Bill Marcum at Wake Forest University
Bill Marcum
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Abstract

The topic of real estate investing has made worldwide headlines in recent years in both good and bad ways. During the economic expansion years from 2002 to 2007, real estate investment received much good press from everyone from government officials encouraging real estate ownership, to central banks encouraging bank lending via low interest rates, to various financial institutions offering ever more risky loan options, to investors who were seeking as much of a loan as they could possibly obtain while interest rates were low and while lending appetite was strong. We like to call this period of time the Yes Era of commercial and investment banking. Everyone was a winner, everyone got a trophy, and everyone it seems, got a loan.
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2012, 2012, XIV, 298 p. 70 illus.
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G.J. Goddard, Investment Real Estate, Winston-Salem, NC, USA; B. Marcum, Wake Forest
University, Winston-Salem, NC, USA
Real Estate Investment
A Value Based Approach
▶Combines practical relevance with mathematical rigor
▶Highly relevant and useful for both students, professionals and small
investors
▶Focuses on commercial properties
This book fills a gap in the existing resources available to students and professionals
requiring an academically rigorous, but practically orientated source of knowledge about
real estate finance. Written by a bank vice-president who for many years has practiced
as a commercial lender and who teaches real estate investment at university level, and
an academic whose area of study is finance and particularly valuation, this book will lead
readers to truly understand the fundamentals of making a sound real estate investment
decision. The focus is primarily on the valuation of leased properties such as apartment
buildings, office buildings, retail centers, and warehouse space, rather than on owner
occupied residential property..
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