Real Estate Perspectives: An Introduction to Real Estate

by Halbert C. Smith

This text has been written for the first undergraduate course in real estate often titled Principles of Real Estate. It is suitable for an introductory course in graduate real estate programs as well.... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0256079145
• ISBN13: 9780256079142
• Release Date: January 1992
• Publisher: Irwin Professional Publishing
• Length: 747 Pages

Customer Reviews

Comprehensive Commercial Focus on Real Estate

I took Jack Corgel's course in the Hotel School at Cornell. We used the third edition of this text, and it covered the spectrum of concepts for a basic introduction to real estate investment. Even though the course focused on commercial real estate, I found the concepts have helped me determine whether I have made good choices in residential real estate, as well. The best aspect of the book (and the course) was applying a discounted cash flow analysis to particular properties. As a method to assess the financial viability of a property by analyzing the rent, tax, depreciation and other effects, the discounted cash flow analysis helped me feel much more confident in my real estate investments.The book covers four basic areas: investment principles like net present value, real estate markets, mortgage financing, and legal aspects of real estate. Although not flashy with lots of pictures, the essential concepts and methods are thoughtfully explained and applied. I highly recommend this book as a reference to keep on your shelf to refer to periodically if engaged in the acquisition of real estate.