Aryana Libris - Tag - FinanceRecension d'ouvrages au format numérique PDF2024-03-27T00:19:02+00:00urn:md5:a0ee72454095f037bdb86f20b0b6b82bDotclearBerges Steve - The complete guide to real estate finance for investment propertiesurn:md5:551c1d087412ad49d4d91f2d3898bff92013-09-09T12:22:00+01:002013-09-09T12:22:00+01:00balderBerges SteveFinance <p><img src="https://aryanalibris.com/public/img/.Berges_Steve_-_The_complete_guide_to_real_estate_finance_for_investment_properties_s.jpg" alt="" /><br />
Author : <strong>Berges Steve</strong><br />
Title : <strong>The complete guide to real estate finance for investment properties How to analyze any single-family, multifamily, or commercial property</strong><br />
Year : 2004<br />
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Link download : <a href="https://aryanalibris.com/public/ebook/Berges_Steve_-_The_complete_guide_to_real_estate_finance_for_investment_properties.zip">Berges_Steve_-_The_complete_guide_to_real_estate_finance_for_investment_properties.zip</a><br />
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Introduction to Real Estate Finance. As investors continue to migrate from the stock market to the real estate market, the need for sound financial analysis of incomeproducing properties is greater than ever. Just as buying high-flying stocks with no regard to intrinsic values resulted in hundreds of thousands of investors losing their life savings, so will buying real estate with reckless disregard to property values result in a similar outcome. While an abundance of books have been written on how to buy and sell houses, the market is virtually devoid of any works that specifically address the topic of the principles of valuation as they apply to real estate. Notable exceptions include more expensive titles such as Real Estate Finance and Investments by Brueggeman and Fisher, with a list price of $125, and Commercial Real Estate Analysis and Investments by Geltner, boasting a list price of $114. The Complete Guide to Real Estate Finance for Investment Properties: How to Analyze Any Single Family, Multifamily, or Commercial Property focuses on the concepts of financial analysis as they pertain to real estate and is intended to help fill the void that currently exists regarding this subject. This represents a marked contrast from the works previously referred to in three primary ways. First of all, the other works are much more expensive. Second, they have been written to appeal to a different audience in that they are written in a textbook format with both the student and the professional in mind. Finally, the other works deal with advanced theoretical principles of finance, which are of little value to the investor who most likely has no background in finance. The Complete Guide to Real Estate Finance for Investment Properties, on the other hand, is designed to appeal to those individuals who are actively investing in income-producing properties, as well as to those who desire to invest in them. Furthermore, those same individuals who are now investors will at some point have a need to divest themselves of their holdings. Whether an investor is buying or selling, the basis for all decisions must be founded on the fundamental principles of finance as they apply to real estate valuations. The failure to understand these key principles will almost certainly result in the failure of the individual investor. At a minimum, it will place him or her at a competitive disadvantage among those who do understand them. Recall the myriad of investors who bought stocks for no other reason than that they received a so-called hot tip from a friend or coworker—and who later collectively lost billions of dollars. A similar outcome is almost certain for those individuals investing in real estate who fail to exercise sound valuation principles and act on nothing more than the advice of someone who has no business giving advice, such as a broker with a supposedly hot tip. The Complete Guide to Real Estate Finance for Investment Properties is further intended to take the theories of real estate finance discussed in other books and demonstrate how they can be used in real-world situations. In other words, it is the practical application of these theories that really matters to investors. An in-depth examination of several case studies will provide the learning platform necessary for investors to make the transition from the theory of real estate finance to its practical application. Investor comprehension will be further augmented through the use of several proprietary financial models developed by me for the sole purpose of making sound investment decisions. Now that I have established what this book is about, I’ll take a brief moment to establish what it is not about. The term finance as used throughout this book is generally intended to refer to principles of financial analysis and not to debt instruments such as loans or mortgages that are used for financing real estate. This is not a book about creative methods of borrowing money or structuring nothing-down deals. Hundreds of those types of books are already available, including a few of my own. My purpose in specifically defining what this book is not about stems from the misleading titles of some currently very popular real estate books that contain the word finance in their titles. Perhaps the phrase “real estate finance” means creative borrowing techniques to the authors who wrote them, but to professionals schooled in the principles of finance, the phrase encompasses a completely different body of knowledge. This is not to say, however, that financing mechanisms are not discussed in this book, for they certainly are. Debt and equity instruments are discussed out of necessity, as their respective costs must be properly understood for the purpose of measuring returns and values, as well as evaluating the implications of using different types of financial instruments for different types of transactions. This book is organized into three parts, beginning with Part 1, which examines the principles of real estate finance. Chapter 1 introduces the world of financial analysis as it applies to real estate investments. Chapter 2 focuses on primary investment elements and their effect on financing. Chapter 3 then centers on secondary investment elements, and Chapter 4 focuses on still other investment elements and their impact on financing. Chapter 5 shifts to an examination of the various types of debt and equity instruments available and their impact on returns. Chapter 6 includes a discussion on various investment performance measurements and ratios, including return on investment, capitalization ratio, and debt service coverage ratio. Chapter 7 is devoted to a more advanced analysis of real estate investments and includes topics such as understanding present value and future value concepts, internal rate of return (IRR), calculations, and modern real estate portfolio theory. Chapter 8 explores the realm of the three most commonly used valuation methods for the different classes of real estate. Chapter 9 provides a discussion on financial statements, including how to more fully understand them and how you can use them to make prudent buy-and-sell decisions. Part 2 takes most of the information discussed in Part 1 and uses it in a case study format. Chapter 10 examines real estate finance as it applies to the valuation of single-family houses. Chapter 11 provides an in-depth look at converting property from one use to another. Chapter 12 is a case study that examines a multifamily apartment complex and walks the reader through a comprehensive analysis. Finally, Chapter 13 demonstrates how understanding finance and the different valuation methods can provide significant opportunities to create value for the astute investor by converting a single-family property into a commercial office building. Part 3 consists of an epilogue containing words of inspiration and several motivating ideas, appendixes, and an extensive glossary. <strong>...</strong></p>Schwartz Jules - Finance and accounting for the non-financial manager Part 2urn:md5:32f75dcc1a2630a3b129678c7c9dedde2013-09-07T02:36:00+01:002023-05-17T01:28:19+01:00balderSchwartz JulesFinance <p><img src="https://aryanalibris.com/public/img4/Schwartz_Jules_-_Finance_and_accounting_for_the_non-financial_manager_Part_2.jpg" alt="" /><br />
Author : <strong>Schwartz Jules</strong><br />
Title : <strong>Finance and accounting for the non-financial manager Part 2</strong><br />
Year : 1996<br />
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Link download : <a href="https://aryanalibris.com/public/ebook/Schwartz_Jules_-_Finance_and_accounting_for_the_non-financial_manager_Part_2.zip">Schwartz_Jules_-_Finance_and_accounting_for_the_non-financial_manager_Part_2.zip</a><br />
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Lecture Nine. Financial Decisions. Scope: Companies invest money today to realize returns tomorrow. Because they can earn a return on these funds in the meantime, the promise of future returns is not as attractive as money now. In this lecture, you will learn to deal with concept of present value, the discounting of any expected future payments. You will also learn how companies evaluate the financial portion of an investment decision. Finally, you will see that the techniques developed here are also applicable to investments in bonds. <strong>...</strong></p>Schwartz Jules - Finance and accounting for the non-financial manager Part 1urn:md5:f65994295a879d0f9b33fc9fa72c03ef2013-09-07T02:35:00+01:002023-05-17T01:28:12+01:00balderSchwartz JulesFinance <p><img src="https://aryanalibris.com/public/img4/Schwartz_Jules_-_Finance_and_accounting_for_the_non-financial_manager_Part_1.jpg" alt="" /><br />
Author : <strong>Schwartz Jules</strong><br />
Title : <strong>Finance and accounting for the non-financial manager Part 1</strong><br />
Year : 1996<br />
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Link download : <a href="https://aryanalibris.com/public/ebook/Schwartz_Jules_-_Finance_and_accounting_for_the_non-financial_manager_Part_1.zip">Schwartz_Jules_-_Finance_and_accounting_for_the_non-financial_manager_Part_1.zip</a><br />
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Jules Schwartz, D.B.A. Boston University. Jules J. Schwartz is a professor of management and professor of engineering , and he previously served as dean of the School of Management at Boston University. He earned his doctorate from the Harvard Business School. Professor Schwartz did his undergraduate work in mechanical engineering and also received his MBA degree at the University of Delaware. He is a graduate of the Industrial College of the U.S. Armed Forces and the U.S. Air Command and General Staff College. Before coming to Boston University, Professor Schwartz was assistant dean and associate professor of management at the Wharton School of the University of Pennsylvania. Prior to that, he had fifteen years of program management experience with Sperry Rand, Westinghouse Electric, and Thiokol Chemical Corporation, and he was credited with six U.S. patents. Professor Schwartz has been a consultant to many U.S. and foreign companies and government organizations, and is a director of five companies. He also served a number of times as a receiver in bankruptcy for the Federal District Court. Most recently, he brought a consumer finance company successfully through Chapter 11 proceeding. He is a trustee of Tiffin University, which awarded him an honorary doctorate. He previously served as director of an investment banking firm and Governor of the Boston Stock Exchange. He is a member of the Financial Executives Institute, the American Society of Mechanical Engineers, the Army and Navy Club of Washington, and the Harvard Clubs of New York and Boston. Professor Schwartz's research interests include business policy, technological innovation, and corporate finance. He has conducted executive programs in management policy and finance throughout the United States, Europe, and Asia. His book Corporate Policy was published by Prentice Hall. In 1985 he was awarded Boston University's Metcalf Prize for distinguished teaching. <strong>...</strong></p>Fields Edwards - The essentials of finance and accounting for nonfinancial managersurn:md5:91738b85af15bf27a84082db96bbdbe82013-09-07T01:11:00+01:002013-09-07T01:11:00+01:00balderFields EdwardsFinance <p><img src="https://aryanalibris.com/public/img/.Fields_Edwards_-_The_essentials_of_finance_and_accounting_for_nonfinancial_managers_s.jpg" alt="" /><br />
Author : <strong>Fields Edwards</strong><br />
Title : <strong>The essentials of finance and accounting for nonfinancial managers</strong><br />
Year : 2002<br />
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Link download : <a href="https://aryanalibris.com/public/ebook/Fields_Edwards_-_The_essentials_of_finance_and_accounting_for_nonfinancial_managers.zip">Fields_Edwards_-_The_essentials_of_finance_and_accounting_for_nonfinancial_managers.zip</a><br />
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Introduction. Background. This is a book for businesspeople. All decisions in a business organization are made in accordance with how they will affect the organization’s financial performance and future financial health. Whether your background is marketing, manufacturing, distribution, research and development, or the current technologies, you need financial knowledge and skills if you are to really understand your company’s decision-making, financial, and overall management processes. The budget is essentially a financial process of prioritizing the benefits resulting from business opportunities and the investments required to implement those opportunities. An improved knowledge of these financial processes and the financial executives who are responsible for them will improve your ability to be an intelligent and effective participant. This book is special for a number of reasons: 1. It teaches what accountants do; it does not teach how to do accounting. Businesspeople do not need to learn, nor are they interested in learning, how to do debits and credits. They do need to understand what accountants do and why, so that they can intelligently use the resulting information— the financial statements. 2. It is written by a businessperson for other businesspeople. Throughout a lifetime of business, consulting, and training experience, I have provided my audiences with down-to-earth, practical, useful information. I am not an accountant, but I do have the knowledge of an intelligent user of financial statements. I understand your problems, and I seek to share my knowledge with you. 3. It emphasizes the business issues. Many financial books focus on the mathematics. This book employs mathematical information only when it is needed for the business decision-making process. 4. It includes a chapter on how to read an annual report that helps you use the information that is available there to better understand your own company. This chapter also identifies a number of other sources of information in the public domain about your competition that may be very strategically valuable. 5. It includes information on how the finance department contributes to the profitability and performance of the company. The financial staff should be part of the business profitability team. This book describes what you should expect from them. 6. It contains many practical examples of how the information can be used, based upon extensive, practical experience. It also provides several exercises, including a practice case study, as appendices. The book is in four parts: Part 1, Understanding Financial Information, Chapters 1 through 5. In Part 1, the reader is given both an overview and detailed information about each of the financial statements and its components. A complete understanding of this information and how it is developed is essential for intelligent use of the financial statements. Part 2, Analysis of Financial Statements, Chapters 6 through 8. Part 2 describes the many valuable analyses that can be performed, using the information that was learned in Part 1. Business management activities can essentially be divided into two basic categories : Measuring performance Making decisions Part 2 describes how to measure and evaluate the performance of the company, its strategic business units, and even its individual products. Part 3, Decision Making for Improved Profitability, Chapters 9 and 10. This part describes the key financial analysis techniques that managers can use to make decisions about every aspect of their business. Financial analysis provides valuable tools for decision making. However, managers must still make the decisions. Part 4, Additional Financial Information, Chapters 11 through 13 and appendices. Part 4 provides further information about elements of the financial process that can serve as tools for the business manager. These include the budget and methods of obtaining the financing to support the business. Part 4 also includes a glossary and quite a few practice exercises. <strong>...</strong></p>