All Forum Posts by: Frank Gallinelli

There are two detailed articles at the realdata web site, "NPV, IRR, FMRR, MIRR, CpA â€" Stirring the Alphabet Soup of Real Estate Investment" Part 1 and Part 2. You'll find them under the "Learn" tab

A number of our products are available for Mac. We have an earlier version of this product available for Mac, but the functionality that we've added to the latest release cannot, as a practical matter, be duplicated using the Mac version of Excel.

We were the first to have professional real estate software for the Mac. releasing four products just a few months after the the computer's debut in 1984. However, we use Excel as our engine, and the PC and Mac versions of Excel have diverged greatly in recent years.

RealData has released today Version 14.0 of its Real Estate Investment Analysis, Standard Edition software for income-property analysis and presentation. Version 14.0 adds dozens of new features and improvements and represents a major upgrade to a tool used by investors and brokers since 1982.

The software produces projections and presentations of up to 20 years for office buildings, industrial buildings, shopping centers, apartments and mixed-use properties. You can forecast your commercial revenue stream in detail, as well as operating expenses, pass-throughs, financing, cash flows, tax liability, resale, rates of return and partnership allocations.

The new release adds a Quick Analysis mode so you can decide in just a few minutes if the property merits a more in-depth analysis. New reporting functionality lets you generate multiple reports on paper or to PDF with a single command.

We have also released two optional add-on products that allow you to compare multiple investment-property scenarios and to perform portfolio analysis.

Users of the previous version 12.0 can upgrade at a substantially reduced cost until October 15, 2007.

For more information about the product, the add-ons, and the upgrade, please go to the realdata website.

Really trying to avoid making a self-serving post, but can't help myself because I have a real issue with the mountain of books that try to sell the idea that you can get rich overnight in real estate -- with no cash, no effort, and no investment of time to learn how to do it right.

"What Every Real Estate Investor Needs to Know About Cash Flow," ISBN 0071422579. Available from Amazon and most bookstores. Focuses strictly on the math to evaluate income property investments quantitatively.

And the author is such a wonderful human being. ME (sorry)

Costs of sale typically include items such as broker's commissions and seller's legal fees. They are an adjustment to basis (i.e., they increase the basis) and therefore reduced the gain on sale, which is subject to tax.

The simplified version of the formula is: selling price less adjusted basis = gain ...so anything that increases the basis reduces the gain.

In general, the adjusted basis is the original purchase price plus any capital improvements, plus costs of sale, less accumulated depreciation.

We'll be conducting a series of online seminars titled, "Mastering Real Estate Investment." The series will teach investors about the financial measures that underlie all income-property investments.

In the series you'll learn
* How professionals approach the analysis of investment real estate,
* How to estimate the value of an income-producing property,
* How to measure your real return on investment, and
* How to read and interpret Annual Property Operating Data reports, cash flow and resale projections, and rate-of-return measurements.

The first of three sessions is scheduled for June 4, 2007. Registrants for that first session will receive free analysis software and a discount on sessions two and three.

You can get detailed information about all three sessions at
http://realdata.com/p/webinar/ You can register for any or all of the sessions from that page as well.

The educational content at realdata.com has proven to be one of the most important parts of our site, so we're especially pleased to announce that we now offer a series of online seminars titled, "Mastering Real Estate Investment." The series will teach investors about the financial measures that underlie all income-property investments.

You'll learn
* How professionals approach the analysis of investment real estate,
* How to estimate the value of an income-producing property,
* How to measure your real return on investment, and
* How to read and interpret Annual Property Oprerating Data reports, cash flow and resale projections, and rate-of-return measurements.

To jump-start our new endeavor, we're offering a free downloadable copy of our software, "Real Estate Investment Analysis, Ulta-Lite Edition," a $99 value. to everyone who signs up for the first session.

Session One, on June 4, 2007, introduces the basic concepts you need to master so that you will know what's really happening when you invest in real estate. Topics covered include:

* The difference between investing in income property and investing in single-family homes,
* The Income Stream
* The Time Value of Money, Present Value and Net Present Value
* Discounted Cash Flow analysis

You can get detailed information about all three sessions at
http://realdata.com/p/webinar/ You can register for any or all of the sessions from that page as well.

The lender is going to use the lesser of of the purchase price or the appraised value. In other words, they are not going to give you 80% of 271K if you are buying the property for 217, even if the appraisal does come in at 271.

Take a look at socrates.com

I've used Dun & Bradstreet (dnb.com). There's a fee for the reports, of course, but it's better than making a mistake on a long-term lease.