The book uses the analogy of a game to illustrate some of the intricate and unpredictable interactions in real estate deals, and it lays out the rules of the game, including identification of the key players and periods of play: concept, commitment, development, operation, reward, and reinvestment. Readers are taught to be "value investors," ready to buy at the right price at the right time, because the best opportunities come from buying at a discount-to-replacement cost. The value investor must be prepared to sell at the right juncture, and must not be compelled to be in the game when conditions make the game not worth playing.
The case studies that run through the book show how to evaluate, develop, and operate all kinds of real estate investments from the points of view of all involved in the process. There's an extensive appendix covering the different property types, and the authors' "back-of-the-envelope" method for analyzing the financial implications of a potential deal is probably worth the book's weight in gold. --Scott Harrison
I found it very intersting and very insightful.
I would recommend this book to anyone who is in the real estate industry, thinking of buying or selling a property, or have an interest in how the industry works.
Harvard Business School Professor and real estate investor William Poorvu has written a book about real estate is far above most real estate books.
It's ok bought it for a class and wouldn't have bought it if it wasn't needed for a class.Published 5 months ago by Jacqueline Verlinich
"The Real Estate Game" by William Poorvu is a great book for anyone entering the real estate field. He goes through the entire acquisition and disposition cycle: underwriting, due... Read morePublished 7 months ago by Doktor Faustus
The avid reader will find the material covered in this book to be comprehensive and easy-to-understand. Read morePublished 24 months ago by Alan Chong
Great deal and great buy. The owners got the products to me in a timely fashion and I will continue to do business with them.Published on February 19, 2013 by Brian
Wonderful book, great for people like me who are interested in finding out how real-estate investors/developers evaluate their projects. Thank you.Published on January 23, 2013 by Martha Cabrera
Can't recommend this book, thumb down. He tries to appeal to an advanced or institutional real estate audience but then gets bogged down trying to explain introductory concepts. Read morePublished on September 11, 2012 by Timothy J Lindsey
I was assigned this book for a course at my university. Even though I had a large amount of previous real estate development experience as well as education, this book was... Read morePublished on May 20, 2012 by Clement Hovey