Real Estate Math Demystified | 
 enlarge | Author: Steven P. Mooney
Publisher: McGraw-Hill
Category: Book
List Price: $19.95
Buy New: $9.95
You Save: $10.00 (50%)
New (22) Used (11) from $9.95
Rating:  2 reviews
Sales Rank: 392910
Media: Paperback
Edition: 1
Pages: 282
Number Of Items: 1
Shipping Weight (lbs): 1.1
Dimensions (in): 9 x 7.4 x 0.8
ISBN: 0071481389
Dewey Decimal Number: 333.330151
EAN: 9780071481380
Publication Date: May 17, 2007
Availability: Usually ships in 1-2 business days
Shipping: Expedited shipping available
Condition: BRAND NEW CRISP AND CLEAN COPY. There is a blackline on the edge.
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| Editorial Reviews:
Product Description
Real estate math ESSENTIALS that really ADD up! Interested in becoming a real estate agent but you're not a math whiz? Are you a real estate investor looking for investment analysis techniques? No problem! Understand and handle real estate transactions and analysis with confidence using this well-organized guide. Real Estate Math Demystified will provide you with the knowledge to analyze real estate from a variety of perspectives, including that of the buyer, seller, lender, and appraiser. You'll start with an overview of basic math principles to refresh your memory and improve your overall math proficiency. More challenging material will help you obtain your broker's license and prepare for actual real estate practice and investment. Other topics covered include commissions, mortgages, calculations, appreciation and depreciation, property taxes, appraisal methods, and much more. This fast and easy guide offers: - An explanation of the importance and use of Time Value of Money
- Exercises for calculating mortgage payments
- Various methods for appraising property
- Breakdowns of closing statements from purchase/sale transactions
- Discussions of various lease scenarios and rent types
- Real estate investment and cash flow analysis
- Drawings and tables to enhance understanding of required real estate math calculations
Simple enough for a beginner, but challenging enough for a more advanced student, this book is your shortcut to success in the lucrative field of real estate.
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| Customer Reviews:
Should be "financial calculator demystified" March 13, 2008
Kevin chang (Flushing, NY)
2 out of 2 found this review helpful
Finance or accounting pro's, don't waste your time with this book.
But to anyone else, don't be fooled by the title. While sounding like your basic math book,I was very surprised to find there was some relevant information contained in the book.
Equations ranged from be as simple as "calculate the total area of a square whose length is 5 feet x 10 feet width to calculating discounted internal rate of returns on investment properties.
I liked how the book was organized into various real estate discliplnes by chapter such as Appraisal, mortgages, investment, risk, etc. and the chapter-end tests and 1 final test at the end, were very helpful in seeing exactly how much of the book i was able to retain.
What the book cover doesn't tell you is that "A financial calculator is an absolute Requirement" so if you don't already have one, get ready to shell out an additional $30.00 on top of the price you paid for the book. Half way reading through the book it just states "and now pull out your Texas Instruments BA II PLUS" calculator and punch in PV x N (2) / FV x I (2) ... etc. Try to just skip that chapter, good luck getting a refund at the book store as A good 75-80% of the book requires the calculator.
On the plus side, the book gets you very familiar with using the calculator and this will come in very handy from calculating car payments, principle balances on mortgages, comparing cash flows from multiple investment properties, tax savings, etc. Oh, but don't go crazy trying to figure out why some of your answer keep coming up incorrect. There are COUNTLESSSSSSS errors in the book which for any person trying to learn the equations, can drive a person nuts for hours trying to backtrack over and over again to find where the mistake was made, when all along it was the book. One can easily tell the book was not proofed before publishing or the person doing the proofing had no idea how to perform the very lessons contained in the book.
overall in my opinion , the book is a good read for one who doesn't have an MBA in finance. But maybe its better to wait until the next edition comes out, hopefully without the errors.
Good, but lots of errors January 4, 2008
David Jones (Chicago)
1 out of 2 found this review helpful
The book is well written and fairly easy to follow. The author provides decent explanations for the various math principles. The biggest downside to the book is that it is filled with small errors. Considering this is a book for beginners, involving math, it can be very frustrating when the books errors send the reader on a wild goose chase. It is pretty clear from the number of errors that this book was not edited well. Overall, I would recommend the book since there aren't too many out there that specialize in real estate math for beginners.
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