Internal Rate of Return

[Jacob Plocinski]

I am currently reading What Every Real Estate Investor Needs to Know About Cash Flow by Frank Gallinelli. I just finished Chapter 5: Measuring the Return on a Real Estate Investment and yes my brain hurts, but in a great way!

He finished the chapter talking about IRR, MIRR, FMRR and CpA. I'm curious of real world examples of using the IRR, MIRR, and FMRR. How do you use these methods to change the way you invest in your properties?

I want to primarily focus on buy and hold, but after reading this chapter I definitely get the impression that the buy and hold model is great, but obviously has its limitations. If you are a buy and hold investor, do you use these calculations? How so, etc.?

I will most likely re-read this chapter again and try to digest a little bit more. I may be completely interpreting it incorrectly, but all advice, recommendations are great! Thanks.