Broker Final Exam Review Math
|
|
- Wilfrid Valentine Garrison
- 7 years ago
- Views:
Transcription
1 Broker Final Exam Review Math Copyright Gold Coast Schools 1
2 Minimum Annual Production Page 73 A brokerage office had 200 sales last year. After paying sales commissions to the associates, there was $229,000 remaining. The firm s monthly expenses are expected to be $30,000 for the next year, and the broker wants to make $8,000 monthly profit. Assuming no change in the company dollar percentage, how many transactions must the firm have each month to meet the broker s goal? $229, = $1,145 company $ per transaction $360, ,000 = $456, ,000 1,145 = 398 transactions next year = 33 per month 2
3 Final Reconciliation (Weighted Average) Page 164 The price per square foot for three comparable lots is as follows: Lot $18.25; Lot $19.00; Lot $ Based on an inspection of the properties and considerations such as shape and location, the appraiser decides to use a weighted averaging technique of 30 percent for Lot 1, and 35 percent weight each for lots 2 and 3. What is the average price per square foot? 1) Lot x 30% = $5.48 2) Lot x 35% = ) Lot x 35% = % $
4 Successive Sales Analysis Page An appraiser is analyzing market conditions and locates a comparable that has sold twice in the last 18 months. The initial sale priced was 205,000 and the resale price (18 months later) was $225,000. Calculate the monthly rate of change. $225, , , = or.54% 4
5 Comparative Market Analysis Page , 203 Comparable A sold for $176,000. The comparable is a 3-bedroom, 2-bath home. Comp A also has a built-in Jacuzzi and redwood deck with the appraiser estimates to be worth $6,000. However, Comp A is a smaller lot compared with competing properties. The appraiser adjusts & $5,000 for the lot size. The subject property is a 3-bedroom, two-bath home on a typical lot for the neighborhood. What is the adjusted sale price of Comparable A? Remember: CBS/CIA Jacuzzi - 6,000 (comp is better - subtract) Lot - + 5,000 (comp is inferior - add) $176,000-6, ,000 = $175,000 5
6 Accrued Depreciation using the Lump Sum Age-Life Method Page 187,188 The appraised value of an18 year old duplex is $205,000. The reproduction cost new of the duplex is $238,000. The effective age of the duplex is 6 years and the appraiser estimates the economic life of the structure to be 60 years. What is the amount of accrued depreciation? Two methods: 1) 6 60 x 238,000 = 23,800 2) 238, = 3, x 6 = 23,800 6
7 Income Property Value Page A commercial property has a potential gross income (PGI) of $310,000. Vacancy and collection losses are 5 percent of PGI. Additional operating expenses total $25,000. Mortgage payments total $2,200 per month. Using a capitalization rate of 12 percent, what is an accurate estimate of the property s value? PGI 310,000 - VAC -15,500 EGI 294,500 OE -25,000 NOI 269,500 I $269,500 RV 12% = $2,245,833
8 Income Property Value Page An income-producing property has a projected effective gross income of $115,000. Expenses are estimated at 15 percent of effective gross income. An appraiser has determined that an appropriate capitalization rate is 9 percent. What is the estimated market value of this property? PGI - -VAC - EGI 115,000 -OE -17,250 NOI 97,750 I $97,750 RV 9% = $1,086,111 8
9 Gross Living Area Page 205 A one-story home has a foundation with dimensions of 40 feet by 55 feet, including a 22 foot by 20 foot garage. What is the gross living area of the property? Living area Garage 40 x 55 = 2,200 sq. ft. 22 x 20 = 440 sq. ft. 2, = 1,760 sq. ft. living area 9
10 Cash/Accrual Basis Accounting Page 218 A manufacturing company uses cash basis accounting. The income statement for the previous year shows sales of 635,000 and net operating income of $110,000. Because similar companies report on an accrual basis, a business appraiser then adjusts the statements to the accrual basis for comparison. He has accounts receivable of 80,000 and accounts payable of 53,000. Based on this information, the adjusted statements show sales of (See next slide) 10
11 Cost/Accrual Accounting (solution) Page 218 Cash basis Accrual basis Sales 635, ,000 (minus) +80,000 (Accts rec). Expenses -525, ,000-53,000 (Accts pay.) NOI 110, ,000 Sales of $715,000, net operating income of $137,000 11
12 Valuation Methods Page 223 A business sold for 2,100,000 and had sales of $750,000, gross profit of 195,000 and net operating income of $150,000. What was the capitalization rate for this business? I $150,000 RV $2,100,000 = 7.14% 12
13 Net Listing Page 255 An owner has a commercial property for sale at $467,000. The owner is approached by a broker who wants to list the property for an 8% commission. The owner tells the broker that while he doesn t mind paying other costs of the sale, he wants $467,000 net to him after paying the brokers commission. At what price must the broker sell the property in order to get exactly an eight percent commission? 100% - 8% commission = 92% $467,000 92% = $507,609 13
14 Private Mortgage Insurance (PMI) Page 287 Private mortgage insurance on a $300,000 mortgage will protect the lender from loss in case of default up to: $300,000 x 25% = $75,000 (typically the mortgage insurance protects the lender to 25 percent of the loan amount) 15
15 Intangible Tax Page 328 How much is the state intangible tax on a new mortgage of 265,000?.002 x $265,000 = $
16 Interest Deduction Home Equity Loan Page 347 A homeowner bought a home for $185,000 in 2002 financed with a $170,000 mortgage. This year the value of the home is 249,000 and the mortgage balance is 138,000. How much can the homeowner borrow on a home equity loan if the owner wants all the interest to be deductible? $249, ,000 = $111,000 Maximum of $100,000 17
17 Points Page 348 A couple bought a home for $300,000 and financed the purchase with a 70 percent mortgage with interest at 6 percent. The builder paid two points on the loan. If the couple s other deductions were $11,000, what is their maximum deduction for the points? $300,000 x 70% x 2% = $4,200 18
18 Annual Depreciation (straight line) Page 355 A woman buys an office building on a 30-acre site for $6,400,000. She pays the following costs for the acquisition: appraisal $5,500, survey $8,300, title insurance 18,500. The land represents18% of the total value. A. What is the depreciable basis of her building? B. What is this investor s typical annual depreciation on this building? $6,400,000 5,500 A. $5,274,486 (6,432,300 x 82%) 8,300 B. $135, ,500 $6,432,300 x 82% 39 = $135,
19 Tax Credit Page 358 A married couple file a joint income tax return and expect their taxable income to be $128,000 this year. Their marginal tax rate is 25%. If they receive a tax credit of 6,000, how much will that save them in federal income taxes? $6,000 20
20 Percentage Lease Page 378 A boutique rents space in a mall under a percentage lease. The store pays base rent of $4,000 and 7 percent of their monthly sales based on an overage clause. Above what annual sales level would the store have to pay additional rent over the base rent? $4,000 7% = $57, $57, x 12 = $685,
21 Net Operating Income Page 385, 386 The purchase price of a 25-unit apartment building is 1,300,000. Rent for each apartment is $850 monthly. Vacancies are estimated to be six percent. The annual operating expenses, including reserves for replacements of $10,200, are $128,000. What is the net operating income? PGI $255,000 (25 x $850 x 12 months) -VAC -15,300 EGI 239,700 -OE -128,000 NOI $111,700 22
22 Investor Downpayment Page 390 If net operating income is $189,000 and before tax cash flow is $19,700, how much down payment would an investor be willing to make if he/she wants a 14% equity dividend rate? BTCF Rate of Return = Equity $19,700 14% = $140,
23 After Tax Cash Flow (ATCF) Page 354, An apartment building had net operating income last year of $98,600. The annual debt service was $75,186. Depreciation was $17,485 and income taxes were $8,235. What was the after-tax cash flow? NOI $98,600 -DS -75,186 BTCF 23,414 -INC TAX -8,235 ATCF $15,179 24
Broker. Federal Income Tax Laws Affecting Real Estate. Chapter 14. Copyright Gold Coast Schools 1
Broker Chapter 14 Federal Income Tax Laws Affecting Real Estate Copyright Gold Coast Schools 1 Learning Objectives List the 2 principal tax deductions available to homeowners List the 2 types of home loans
More informationGENERAL MATH PROBLEM CATEGORIES AND ILLUSTRATED SOLUTIONS MEASUREMENT STANDARDS WHICH MUST BE MEMORIZED FOR THE BROKER TEST
Chapter 17 Math Problem Solutions CHAPTER 17 GENERAL MATH PROBLEM CATEGORIES AND ILLUSTRATED SOLUTIONS MEASUREMENT STANDARDS WHICH MUST BE MEMORIZED FOR THE BROKER TEST Linear Measure 12 inches = 1 ft
More informationChapter 38. Appraising Income Property INTRODUCTION
Chapter 38 Appraising Income Property INTRODUCTION The income appraisal approach estimates the current market value for a real property by projecting and analyzing the income that the property could generate.
More informationINCOME APPROACH Gross Income Estimate - $198,000 Vacancy and Rent Loss - $9,900
INCOME APPROACH The Income Approach considers the return on Investment and is similar to the method that investors typically use to make their investment decisions. It is most directly applicable to income
More informationChapter 2 Balance sheets - what a company owns and what it owes
Chapter 2 Balance sheets - what a company owns and what it owes SharePad is packed full of useful financial data. This data holds the key to understanding the financial health and value of any company
More informationCOMPONENTS OF THE STATEMENT OF CASH FLOWS
ILLUSTRATION 24-1 OPERATING, INVESTING, AND FINANCING ACTIVITIES COMPONENTS OF THE STATEMENT OF CASH FLOWS CASH FLOWS FROM OPERATING ACTIVITIES + Sales and Service Revenue Received Cost of Sales Paid Selling
More informationCHAPTER 4. FINANCIAL STATEMENTS
CHAPTER 4. FINANCIAL STATEMENTS Accounting standards require statements that show the financial position, earnings, cash flows, and investment (distribution) by (to) owners. These measurements are reported,
More informationSample Property 930 LaVergne Ln La Vergne, TN 37086
Property Report Sample Property Presented by: My Company 123 Main St Anywhere, CA 12345 Office: Mobile: Fax: You can customize the footer too! 1 Overview Sample Property Purchase Info Square Feet (2 Units)
More informationFinancial Statement and Cash Flow Analysis
Chapter 2 Financial Statement and Cash Flow Analysis Answers to Concept Review Questions 1. What role do the FASB and SEC play with regard to GAAP? The FASB is a nongovernmental, professional standards
More informationCHAPTER 10 Financial Statements NOTE
NOTE In practice, accruals accounts and prepayments accounts are implied rather than drawn up. It is common for expense accounts to show simply a balance c/d and a balance b/d. The accrual or prepayment
More informationAppraisal A written analysis prepared by a qualified appraiser and estimating the value of a property
REAL ESTATE BASICS Affordability Analysis An analysis of a buyer s ability to afford the purchase of a home, reviews income, liabilities, and available funds, and considers the type of mortgage a buyer
More informationUnderwriting Commercial Loans
Underwriting Commercial Loans T he objective of this study is to understand the basic principles of underwriting for multifamily housing and commercial real estate loans. As a mortgage broker, real estate
More informationReal Estate. Refinancing
Introduction This Solutions Handbook has been designed to supplement the HP-2C Owner's Handbook by providing a variety of applications in the financial area. Programs and/or step-by-step keystroke procedures
More informationUnderstanding A Firm s Financial Statements
CHAPTER OUTLINE Spotlight: J&S Construction Company (http://www.jsconstruction.com) 1 The Lemonade Kids Financial statement (accounting statements) reports of a firm s financial performance and resources,
More informationTHE VALUATION OF INCOME PROPERTIES USA 1. INTRODUCTION 1
Investit Software Inc. Real Estate Investment, Buy vs. Lease, Lease & Development Analysis Software www.investitpro.com 1-877-878-1828 Email: Investit@investit.ca THE VALUATION OF INCOME PROPERTIES USA
More informationACCOUNTING III Cash Flow Statement & Linking the 3 Financial Statements. Fall 2015 Comp Week 5
ACCOUNTING III Cash Flow Statement & Linking the 3 Financial Statements Fall 2015 Comp Week 5 CODE: CA$H Administrative Stuff Send an email to trentnelson@college.harvard.edu if you have not been added
More informationCalculator and QuickCalc USA
Investit Software Inc. www.investitsoftware.com. Calculator and QuickCalc USA TABLE OF CONTENTS Steps in Using the Calculator Time Value on Money Calculator Is used for compound interest calculations involving
More informationIREM Skill Builder: After-Tax Cash Flow Analysis
ABOUT TAXATION Taxation can have a significant impact on the cash return produced by investment real estate both during ownership and at sale. Real estate managers have a responsibility to help owners
More informationSell Your House Fast/FSBO Questionnaire
Sell Your House Fast/FSBO Questionnaire We are real estate investors with a network that have a large pool of qualified Tenant/Buyers who are eager to buy a nice home in a nice neighborhood. Our marketing
More informationHow to Use the Cash Flow Template
How to Use the Cash Flow Template When you fill in your cash flow you are trying to predict the timing of cash in and out of your bank account to show the affect and timing for each transaction when it
More informationRe/Max Acclaimed Realty Commercial Division Industry Specific Training Program
Re/Max Acclaimed Realty Industry Specific Training Program This course is meant to get brand new agents up to speed with the industry knowledge quickly. If a brand new agent completes this course within
More informationReal Estate Investment Analysis and Advanced Income Appraisal BUSI 331
Real Estate Division Real Estate Investment Analysis and Advanced Income Appraisal BUSI 331 Presentation by Graham McIntosh Outline 1. Introduction 2. Investment Analysis vs. Appraisal 3. The After Tax
More informationWords to Know When Buying a Home
Words to Know When Buying a Home Adjustable mortgage interest rate: With an adjustable rate, both the interest rate and the mortgage payment vary, based on market conditions. Amortization: Length of time
More informationStep 1: Decide to Buy
Step 1: Decide to Buy Do you really want to pay someone else's mortgage? If you re renting and have a stable job with some savings, and a credit score in the high 600 range, you can likely qualify for
More information27 Ways To Buy Multi-Family Properties With NO MONEY DOWN
27 Ways To Buy Multi-Family Properties With NO MONEY DOWN By David Lindahl RE Mentor, Inc 100 Weymouth Street, Building D Rockland, MA 02370 REMENTOR.COM 2 Legal Notice This information is designed to
More informationPreparing cash budgets
3 Preparing cash budgets this chapter covers... In this chapter we will examine in detail how a cash budget is prepared. This is an important part of your studies, and you will need to be able to prepare
More informationProperty Report : House in Dallas
Property Report : House in Dallas Generated on: Jul 6, 2016 Author: Guest Page 1 of 11 Table of Contents Executive Summary 3 Property Description 4 Operational Effectivness 5 Financial Effectivness 6 Financing
More informationStep 1: Determine the Size, Parameters and Construction Timeline for the Property
The Real Estate Development Process While real estate development models may look complex, the actual concepts are simpler than what you see for normal companies. Real estate development modeling is different
More informationFarm Financial Management
Farm Financial Management Your Farm Income Statement How much did your farm business earn last year? There are many ways to answer this question. A farm income statement (sometimes called a profit and
More informationCASH FLOW STATEMENT (AND FINANCIAL STATEMENT)
CASH FLOW STATEMENT (AND FINANCIAL STATEMENT) - At the most fundamental level, firms do two different things: (i) They generate cash (ii) They spend it. Cash is generated by selling a product, an asset
More informationAccounts Payable are the total amounts your business owes its suppliers for goods and services purchased.
Accounts Payable are the total amounts your business owes its suppliers for goods and services purchased. Accounts Receivable are the total amounts customers owe your business for goods or services sold
More informationHome Mortgage Interest Deduction
Department of the Treasury Internal Revenue Service Publication 936 Cat.. 10426G Home Mortgage Interest Deduction For use in preparing 1998 Returns Contents Introduction... 1 Part I: Home Mortgage Interest...
More informationStandard Mortgage Terms
Page 1 of 45 Standard Mortgage Terms Filed By: Canadian Imperial Bank of Commerce Filing Number: MT160006 Filing Date: March 17, 2016 The following set of standard mortgage terms shall be deemed to be
More informationShared Home Ownership
Shared Home Ownership Frequently Asked Questions Open your mind to the possibility of home ownership with Opening Doors Visit openingdoorswa.com.au Version: February 2016 Home Loans About the Opening Doors
More informationNon-Recourse Financing for a Self-Directed IRA Investment
Non-Recourse Financing for a Self-Directed IRA Investment Transaction Summary Date: September 2012 Property Description: 12,720 SF retail building built in 2001 in good condition. The property is 100%
More informationModule 2: Preparing for Capital Venture Financing Financial Forecasting Methods TABLE OF CONTENTS
Module 2: Preparing for Capital Venture Financing Financial Forecasting Methods Module 2: Preparing for Capital Venture Financing Financial Forecasting Methods 1.0 FINANCIAL FORECASTING METHODS 1.01 Introduction
More informationFINANCIAL INTRODUCTION
FINANCIAL INTRODUCTION In earlier sections you calculated your cost of goods sold, overhead expenses and capital cost in order to help you determine the sales price of your product. In your business plan,
More informationReal Estate Investment Newsletter November 2003
Maximizing Returns on Equity Why and How In this newsletter I will explain some financial management concepts that provide a framework for maximizing your wealth accumulation over time. Proper application
More informationCommercial Mortgage Types and Decisions
Commercial Loans vs Home Loans Fin 5413 Commercial Mortgage Types and Decisions Commercial mortgages and notes are not as standardized as home loans Although this is changing with growth in commercial
More informationUNDERSTANDING WHERE YOU STAND. A Simple Guide to Your Company s Financial Statements
UNDERSTANDING WHERE YOU STAND A Simple Guide to Your Company s Financial Statements Contents INTRODUCTION One statement cannot diagnose your company s financial health. Put several statements together
More informationParagon 5. Financial Calculators User Guide
Paragon 5 Financial Calculators User Guide Table of Contents Financial Calculators... 3 Use of Calculators... 3 Mortgage Calculators... 4 15 Yr vs. 30 Year... 4 Adjustable Rate Amortizer... 4 Affordability...
More informationBefore you develop or acquire a property, you must know how big it is size is the key metric for real estate.
Real Estate Development Key Terms If you want to understand real estate development, you need to know the key terms used to describe properties whether you re developing the properties from the ground
More informationWhat Homebuyers Should Know About Their. Appraisal. A Public Service of. Maryland Association of Appraisers, Inc.
What Homebuyers Should Know About Their Appraisal A Public Service of Maryland Association of Appraisers, Inc. www.mdappraisers.org/ info@mdappraisers.org What Is an Appraisal? An Appraisal is an estimate
More informationReverse Mortgage Counseling Checklist
Reverse Mortgage Counseling Checklist Have these items available for your counseling session... - Loan Comparison Page The calculator loan results is an estimate of available reverse mortgage programs
More informationUniversity of Rio Grande Fall 2010
University of Rio Grande Fall 2010 Financial Management (Fin 20403) Practice Questions for Midterm 1 Answers the questions. (Or Identify the letter of the choice that best completes the statement if there
More informationStep 1 Getting Pre-Qualified
Step 1 Getting Pre-Qualified Now that you ve made the decision to purchase a home, the next step is to get pre-qualified from a lending institution, like Michigan Mortgage Solutions, to determine how much
More informationGuide to Financial Statements Study Guide
Guide to Financial Statements Study Guide Overview (Topic 1) Three major financial statements: The Income Statement The Balance Sheet The Cash Flow Statement Objectives: Explain the underlying equation
More informationAccounts Payable Accounts Receivable Amortization Annual Interest Rate Annual Percentage Rate Attorney Fees Bridge Financing
Accounts Payable Accounts payable are business debts that must be paid off within a relatively short period of time, as opposed to long term debt such as mortgage loans and equipment loans. Accounts payable
More informationProperty Type (Check All That Apply) Name Of Borrowing Entity Or Individual(s) Contact Information. Borrowing Entity (Check One) Ownership Breakdown
APPLICATION FORM P.1 Property Name Street Address City, State, Zip Property Type (Check All That Apply) Multifamily Industrial Retail Mixed Use Office Hotels & Motels Other (Describe) Percentage Owner
More informationNAR Frequently Asked Questions Health Insurance Reform
NEW MEDICARE TAX ON UNEARNED NET INVESTMENT INCOME Q-1: Who will be subject to the new taxes imposed in the health legislation? A: A new 3.8% tax will apply to the unearned income of High Income taxpayers.
More informationMargin Trading. A. How Margin Works? B. Why Trading on Margin Can Be Very Risky and Is Not Suitable for Everyone? C. Conclusion
A. How Margin Works? B. Why Trading on Margin Can Be Very Risky and Is Not Suitable for Everyone? C. Conclusion 2 An investor who purchases securities may pay for the securities in full, from his own resources,
More informationScott s Real Estate Investment Trust. Interim Consolidated Financial Statements (Unaudited) March 31, 2009 and 2008
Interim Consolidated Financial Statements March 31, and Interim Consolidated Balance Sheets (in thousands of dollars) Assets March 31, December 31, Income-producing properties (note 3) 172,404 174,135
More informationLearning Objectives: Quick answer key: Question # Multiple Choice True/False. 14.1 Describe the important of accounting and financial information.
0 Learning Objectives: 14.1 Describe the important of accounting and financial information. 14.2 Differentiate between managerial and financial accounting. 14.3 Identify the six steps of the accounting
More informationCHAPTER 8: ESTIMATING CASH FLOWS
CHAPTER 8: ESTIMATING CASH FLOWS 8-1 a. Straight line depreciation = ($15 - $3)/10 = $1.20 Annual Tax Savings from Depreciation = $ 1.2 (0.4) = $0.48 Present Value of Tax Savings from Depreciation = $
More informationIs Cancellation of Debt Income Taxable? One question that I am asked often these days is whether cancellation of debt (COD) income is taxable or not?
Is Cancellation of Debt Income Taxable? One question that I am asked often these days is whether cancellation of debt (COD) income is taxable or not? For tax purposes, the general rule is that all debt
More informationWould you like to know more about the
Your Net Worth Ag Decision Maker Statement File C3-20 Would you like to know more about the current financial situation of your farming operation? A simple listing of the property you own and the debts
More informationReverse Mortgage. by Jeffrey D. Smith
There are finance companies that are offering the "Reverse Mortgage" to seniors (at least age 62). Seniors with a substantial amount of equity in their residence are targets of this aggressive predatory
More informationHow To Calculate Financial Leverage Ratio
What Do Short-Term Liquidity Ratios Measure? What Is Working Capital? HOCK international - 2004 1 HOCK international - 2004 2 How Is the Current Ratio Calculated? How Is the Quick Ratio Calculated? HOCK
More informationUnderstanding Financial Statements. For Your Business
Understanding Financial Statements For Your Business Disclaimer The information provided is for informational purposes only, does not constitute legal advice or create an attorney-client relationship,
More informationUnderstanding the APOD How to Crunch the Numbers on Your Investment Transaction
Understanding the APOD How to Crunch the Numbers on Your Investment Transaction Commercial Investment Education Alliance Commercial Success Series 105 1 Commercial Investment Education Alliance Please
More informationcäéñáäáäáíáéë Ñçê ^ÑÑçêÇ~ÄäÉ eçìëáåö
CANADA MORTGAGE AND HOUSING CORPORATION cäéñáäáäáíáéë Ñçê ^ÑÑçêÇ~ÄäÉ eçìëáåö Homeowner Mortgage Loan Insurance As Canada s national housing agency, Canada Mortgage and Housing Corporation (CMHC) is committed
More informationDisclaimer. Investing Observations: Things I Wish I d Known Sooner. Outline. Taxes. Andy Poggio June 10, 2016. Taxes Risk / Reward Asset Classes:
Disclaimer Investing Observations: Things I Wish I d Known Sooner Andy Poggio June 10, 2016 I am not a trained investment advisor Not all of my investment decisions have worked out well This presentation
More informationInvestit Software Inc. www.investitsoftware.com INVESTMENT ANALYSIS USA RENTAL APARTMENT BUILDING EXAMPLE
INVESTMENT ANALYSIS USA RENTAL APARTMENT BUILDING EXAMPLE INTRODUCTION This example uses the Invest Rental Apartment Building example. This practice example consists of two Sections; 1. The input information
More informationComputing the Total Assets, Liabilities, and Owner s Equity
21-1 Assets are the total of your cash, the items that you have purchased, and any money that your customers owe you. Liabilities are the total amount of money that you owe to creditors. Owner s equity,
More informationFinancial Statement Analysis!
Financial Statement Analysis! The raw data for investing Aswath Damodaran! 1! Questions we would like answered! Assets Liabilities What are the assets in place? How valuable are these assets? How risky
More informationLease-Versus-Buy. By Steven R. Price, CCIM
Lease-Versus-Buy Cost Analysis By Steven R. Price, CCIM Steven R. Price, CCIM, Benson Price Commercial, Colorado Springs, Colorado, has a national tenant representation and consulting practice. He was
More informationwww.commercialloansinalaska.com
Financial Corporation 5313 Arctic Blvd., Suite 206 Anchorage, Alaska 99518 (907)279-8551 www.commercialloansinalaska.com CHAPTER 1 INTRODUCTION TO COMMERCIAL LOANS Commercial Loans are defined as: "Any
More informationChapter 002 Financial Statements, Taxes and Cash Flow
Multiple Choice Questions 1. The financial statement summarizing the value of a firm's equity on a particular date is the: a. income statement. B. balance sheet. c. statement of cash flows. d. cash flow
More informationhow to prepare a cash flow statement
business builder 4 how to prepare a cash flow statement zions business resource center zions business resource center 2 how to prepare a cash flow statement A cash flow statement is important to your business
More informationManaging Home Equity to Build Wealth By Ray Meadows CPA, CFA, MBA
Managing Home Equity to Build Wealth By Ray Meadows CPA, CFA, MBA About the Author Ray Meadows is the president of Berkeley Investment Advisors, a real estate brokerage and investment advisory firm. He
More informationAnalyzing the Statement of Cash Flows
Analyzing the Statement of Cash Flows Operating Activities NACM Upstate New York Credit Conference 2015 By Ron Sereika, CCE,CEW NACM 1 Objectives of this Educational Session u Show how the statement of
More informationTRUE NET CASH FLOW Enhancing Real Estate Efficiency TIC - Tenant In Common Real Estate Ownership
TRUE NET CASH FLOW Enhancing Real Estate Efficiency TIC - Tenant In Common Real Estate Ownership Securities offered through QA3 Financial Corp. Member FINRA/SIPC. Advisory Services offered through QA3
More informationCash Flow Analysis Multi-Family Building For Sale Boston, Massachusetts 02215
Property Report Cash Flow Analysis Presented by: Pantheon Property Group 665 Beacon Street, Suite #305 Boston, Massachusetts 02131 Office: Mobile: (830) 660-5265 Data Analysis Provided by Pantheon Property
More informationPurchaser Due Diligence Checklist.doc
PROPERTY PURCHASE DUE DILIGENCE CHECKLIST The following is a sample of a due diligence checklist that an investor may use in connection with the acquisition of a retail or office property. Please note
More informationHow much did your farm business earn last year?
Your Farm Ag Decision Maker Income Statement File C3-25 How much did your farm business earn last year? Was it profitabile? There are many ways to answer these questions. A farm income statement (sometimes
More informationGovernment mortgage rescue scheme What will it mean for me and my family?
Government mortgage rescue scheme What will it mean for me and my family? What is mortgage rescue? Mortgage rescue is help that the Government is offering if: you are struggling to keep up with your mortgage
More information6 Units - Clearwater
6 Units - Clearwater For more information contact: Brad Carter, CCIM 727-481-6842 bdcarter@tampabay.rr.com Phone: 727-481-6842 9225 Ulmerton Rd. Suite P Largo, FL 33771 www.tip-properties.com Real Estate
More informationSINGLE FAMILY DEVELOPMENT
SINGLE FAMILY DEVELOPMENT Agenda April 1 Introductions Background of class participants Ground rules Course outline and objectives The single family crisis Single family versus multifamily development
More informationLearning Module 3 Journal Entries
Learning Module 3 Journal Entries The Accounting Equation Balance Sheet Income Statement = + + - Assets Liabilities Owners' Equity Revenue Expenses Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Recording journal
More informationIncome Capitalization Analysis Re: Example Property By: Your Name of Your Company Name
Income Capitalization Analysis Re: Example Property By: Your Name of Your Company Name To obtain a reliable indication of a property's Market Value from the Income Capitalization Approach, it is necessary
More informationFIRST CAPITAL REALTY ANNOUNCES STRONG 2008 YEAR END RESULTS Strong portfolio fundamentals and substantial liquidity.
Press Release FIRST CAPITAL REALTY ANNOUNCES STRONG 2008 YEAR END RESULTS Strong portfolio fundamentals and substantial liquidity. Toronto, Ontario (March 5, 2009) First Capital Realty Inc. ( First Capital
More informationFinancial Statements
Financial Statements The financial information forms the basis of financial planning, analysis & decision making for an organization or an individual. Financial information is needed to predict, compare
More informationENTREPRENEURIAL FINANCE: Strategy Valuation and Deal Structure
ENTREPRENEURIAL FINANCE: Strategy Valuation and Deal Structure Chapter 9 Valuation Questions and Problems 1. You are considering purchasing shares of DeltaCad Inc. for $40/share. Your analysis of the company
More informationStatement of Cash Flows
HOSP 2110 (Management Acct) Learning Centre Statement of Cash Flows The Statement of Cash Flows (or cash flow statement) is one of the main financial statements used by investors. It shows the cash generated
More informationGovernment mortgage rescue scheme What will it mean for me and my family?
Government mortgage rescue scheme What will it mean for me and my family? What is mortgage rescue? Mortgage rescue is help that the Government is offering if: you are struggling to keep up with your mortgage
More informationProperty Report for. 3437 Peachtree Corners Circle. Norcross, GA 30092
Property Report for 3437 Peachtree Corners Circle Norcross, GA 30092 Prepared by: The Carribean Group Real Estate Partnerships for the 21 st Century! Lorraine Carribean Ramus Carribean Broker REALTOR Direct:
More informationThe Knowledge Resource. First-Time Home Buyers FOR. Your Agent Is the Best Guide Save Time, Money, and Frustration
K N O W L E D G E I S P O W E R The Knowledge Resource FOR First-Time Home Buyers Your Agent Is the Best Guide Save Time, Money, and Frustration The Keys to Homeownership Unlock the American Dream Is Buying
More informationFinancial Statements and Ratios: Notes
Financial Statements and Ratios: Notes 1. Uses of the income statement for evaluation Investors use the income statement to help judge their return on investment and creditors (lenders) use it to help
More informationFIN-331 PHASE 2 HOMEWORK QUESTIONS (ERRATA: 10-24-2015)
FIN-331 PHASE 2 HOMEWORK QUESTIONS (ERRATA: 10-24-2015) Chapter 7: Key Terms Accrued depreciation Appraisal Comparable properties Market value Property adjustments Replacement cost Reproduction cost Restricted
More informationFirst Mortgage Documents User Guide 139
HUD 1 Settlement Statement Line instructions General Instructions Information and amounts may be filled in by typewriter, hand printing, computer printing, or any other method producing clear and legible
More informationModule 8: Reverse Mortgages and Other Private Financing Options for Long-Term Care. Posted 5/31/05
Module 8: Reverse Mortgages and Other Private Financing Options for Long-Term Care Posted 5/31/05 Answers to Key Questions What LTC financing options are available other than insurance? What are the differences
More informationFlexible Lifetime Mortgage Product Summary
Flexible Lifetime Mortgage Product Summary The Flexible Lifetime Mortgage provides you with an initial cash sum in the form of a mortgage loan. A legal charge is secured on your home. For as long as you
More informationCHAPTER 2 ACCOUNTING STATEMENTS, TAXES, AND CASH FLOW
CHAPTER 2 ACCOUNTING STATEMENTS, TAXES, AND CASH FLOW Answers to Concepts Review and Critical Thinking Questions 1. True. Every asset can be converted to cash at some price. However, when we are referring
More informationStandard 10: The student will explain and compare the responsibilities of renting versus buying a home.
TEACHER GUIDE 10.3 RENTING VERSUS BUYING PAGE 1 Standard 10: The student will explain and compare the responsibilities of renting versus buying a home. Buying a House Priority Academic Student Skills Personal
More informationGGP REPORTS FULL YEAR 2015 RESULTS AND DECLARES FIRST QUARTER DIVIDEND
GGP REPORTS FULL YEAR 2015 RESULTS AND DECLARES FIRST QUARTER DIVIDEND Chicago, Illinois, February 1, 2016 - General Growth Properties, Inc. (the Company or GGP ) (NYSE: GGP) today reported results for
More informationICASL - Business School Programme
ICASL - Business School Programme Quantitative Techniques for Business (Module 3) Financial Mathematics TUTORIAL 2A This chapter deals with problems related to investing money or capital in a business
More informationSTATEMENT ON FINANCIAL POSITION
STATEMENT ON FINANCIAL POSITION DESCRIPTION NOTE DAY 30.06.2013 31.12.2012 Fixed assets 218 532 221 493 214 682 Intangibles 3 583 3 057 3 033 Tangible fixed assets 2 69 812 69 272 63 027 Investment properties
More informationFirst Time Home Buyer Glossary
First Time Home Buyer Glossary For first time home buyers, knowing and understanding the following terms are very important when purchasing your first home. By understanding these terms, you will make
More informationA Tutorial on Argus Portfolio Analysis
Tutorial on Argus Portfolio- Level Analysis A Tutorial on Argus Portfolio Analysis Background Since most developers, investors and other parties actively involved in real estate have multiple properties,
More informationAuthored for ENMU Tutoring Services. By Jessica Huff
By Jessica Huff The standard accounting equation is Assets=Liabilities + Stockholders Equity. Depending on which item someone is looking at will determine what the normal balance is. The normal balance
More information