By the author of the bestselling guide, "What Every Real Estate Investor Needs to Know about Cash Flow... " (McGraw-Hill, 2004) Develop a command of the essential formulas and concepts that underlie income-property investing: * Capitalization Rate * Net Operating Income * Present Value * Debt Coverage Ratio * Internal Rate of Return and much more Here Gallinelli revisits the 37 key metrics from his "Cash Flow" book and guides you through examples that will lead you to mastery of those concepts. He then takes you beyond those formulas to the next level, with detailed case studies of four different properties: * Single-Family Rental * Renovation Project * Apartment Building * Strip Shopping Center You'll analyze these properties with him and learn to look behind the numbers, to think like a successful investor and to recognize both the opportunities and the perils you might encounter when you invest in real estate.
First, the professional side: I am the author of "What Every Real Estate Investor Needs to Know About Cash Flow...," now in its second edition. It is actually about a lot more than just cash flow. It provides readers with a basic grasp of how income property investments really work and serves as a handbook for understanding essential financial measures related to real estate investing. I have a second book, "Insider Secrets to Financing Your Real Estate Investments," which was released in December 2004. In 2008 I released "Mastering Real Estate Investment," a sequel of sorts to the "Cash Flow" book.
My company's website, realdata.com, has a strong educational component and I write a series of articles about real estate investment and development for that site. Speaking of education, I also serve as Adjunct Assistant Professor in Columbia University's Master of Science in Real Estate Development program, teaching real estate finance.
I founded RealData in 1981 to provide usable, affordable software for investors and developers who weren't necessarily proficient with computers. Most of our products perform pro-forma analyses that range from basic to quite sophisticated. Besides information about this software, my company's site offers a variety of resources that you should find useful if you're interested in real estate investing or development.
On the personal side: I started off life in Hoboken, NJ, home of the other Frank -- the one who could sing. We moved to Connecticut when I was about 6 and that's where I've lived ever since. I graduated from Yale in 1968 and then taught English and math for several years in New Haven. That might explain why I've written books with a lot of formulas and no split infinitives. I received a graduate degree in education, then left the classroom to go into real estate, became an investor and the rest, to coin a cliche, is history. My wife Jean and I have a son who teaches and lives in China with his wife and darling baby daughter. He also entertains us with a monthly newspaper column about his life there. We have a daughter, also married, who lives nearby and who has blessed us with a beautiful grandson.
My CV notwithstanding, I always wanted to be a writer, although the great American novel was really what I had in mind. Nonetheless, I'm very grateful for the opportunity to be launched into print. And maybe that novel is still lurking somewhere.
