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What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures, Updated Edition

4.12  ·  Rating details ·  1,268 ratings  ·  50 reviews

The Classic Guide to Real Estate Investing—Updated for a Re-energized Industry!

Real estate is once again a great investment, and this bestselling guide provides everything you need to know to get in now and make your fortune.

What Every Real Estate Investor Needs to Know About Cash Flow removes the guesswork from investing in real estate by teaching you how to crunch numb

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Kindle Edition, 369 pages
Published November 20th 2015 by McGraw-Hill Education (first published November 25th 2003)
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 ·  1,268 ratings  ·  50 reviews


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Paul Schmidt
Jan 01, 2021 rated it it was amazing
Summary:
This is likely the best real estate book that I have come across. Many of the other books talk about the soft-skills or general tips to keep in mind, but this book provided me with the confidence to start actively analyzing deals by providing me with the calculations (and their uses, strengths, and weaknesses) for acquiring deals. Some key, consolidated themes include:
- Information is a valuable commodity, so you shouldn't expect that it'll simply fall into your lap without some effort
...more
Cody Ray
Apr 14, 2015 rated it really liked it  ·  review of another edition
Why did I give this 4 stars? Because Part 1, "How To Analyze a Potential Real Estate Deal", was fantastic -- it gets 5 stars. However, Part 2, "37 Calculations Every Real Estate Investor Needs To Know", only gets 3 stars.

The book opens by presenting a fairly comprehensive framework for measuring real estate returns as coming from one of four mechanisms: cash flow, appreciation, loan amortization, and a tax shelter. Then it goes through and describes each of these one by one, including metrics fo
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Daniel
Jan 18, 2019 rated it really liked it
I had always wondered how to analyze a real estate investment. I think this book helped me learn how to do that. I enjoyed the chapters in the second part of the book with a separate chapter for each calculation. Its hard for me to remember what some calculations mean but, I will keep trying to learn. I enjoyed reading this book.
Rich Urban
Mar 20, 2008 rated it it was amazing  ·  review of another edition
Boring as all hell unless you're a math junkie. However, it contains great formulas for real estate investors. I keep it on hand as a reference manual. ...more
Steve
Jun 09, 2010 rated it really liked it  ·  review of another edition
Gallinelli is quick and to the point about what really matters in investing, i.e. getting a return on your money. He has a light and joking style that I enjoyed.
Stephanie Brady
Nov 27, 2018 rated it it was amazing
Excellent resource

After reading this book you will probably know more about the math behind investment real estate than most brokers. Good luck
Chad Carson
Mar 29, 2019 rated it it was amazing
Very thorough book on real estate deal analysis. I have it on my shelve as a reference manual. Must read.
Joseph
Jun 04, 2019 rated it really liked it  ·  review of another edition
My kind of book. Very practical.
Cynthia
Jul 13, 2021 rated it really liked it  ·  review of another edition
The calculations actually were somewhat understandable, and I understand how taxes kinda work with real estate investing
Devin
May 19, 2017 rated it really liked it  ·  review of another edition
I found this to be an good reference for commonly used real estate definitions and concepts. There were some terms I had come across for a while now, and was not entirely sure what they meant or fully entailed. This book filled a lot of knowledge gaps.
Unfortunately, though, it is very technical and frankly, boring. There are many examples used to illustrate the terms and concepts, usually involving math and sometimes complex equations. These were, for me, incomprehensible and not worth my time
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Corina Eufinger
Jul 23, 2020 rated it it was amazing  ·  review of another edition
My only issue with this book is there a few sections that are out if order from the author's original manuscript. He will mention a section he says you already covered but it turns out it's a few sections later. Still a great book despite that. ...more
Kasey Gordon
I rarely don't finish books. But I couldn't on this one. The INFORMATION is great, the delivery is awful. I only made it a quarter of the way through, the rambling and random examples are more text book than helpful. I would enjoy a cliff notes version of this book. ...more
Mengyu Gao
Jan 30, 2022 rated it it was amazing  ·  review of another edition
Shelves: real-estate
Very comprehensive for beginners, and a good refresher for intermediate investors as well. The section on how "depreciation is a tax write off, and also an expense" and "compare the expense percentages" aren't mentioned often elsewhere. ...more
Eric
I did not finish since it goes into many details if you already are an investor. Once I begin investing, I may go back and reference this book.
Abdalrahman Alsaleh
So many great methods to use in the realestate business
Paul
Feb 25, 2020 rated it it was amazing  ·  review of another edition
Outstanding
Bao Chung
Apr 05, 2020 rated it really liked it  ·  review of another edition
Took a while to get into, but gives you the vocabulary needed when researching real estate deals.
Martha
too much information
Popeye DeFrancis
This is my real estate investor bible.
Gregory Brokaw
Despite the terrible shouting cover, this is an incredibly useful resource if you intend to get some basics in real estate math.
John
Nov 12, 2022 rated it it was amazing
Great book for the math behind real estate investing. Definitely a book to keep on the shelf as a reference.
Ron
Aug 25, 2021 rated it liked it
Shelves: real-estate
Excellent reference material for real estate investors. But, sometimes I'm left questioning when to apply tax benefits in calculations, loan servicing fees, and appreciation. These are all basic questions that he usually addresses. But, you have to do a lot of cross checking in different parts of the book to know if an underlying formula includes depreciation, tax deductions, etc.

Frank lays out examples for each calculation, including the sub-calculations that make up larger formulas. This helps
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Matt Zimmerman
Apr 13, 2014 rated it it was amazing  ·  review of another edition
Should I buy it or not? Since buying property is likely the largest purchase that most people ever make, how can you afford not to get educated? If you are buying for investment purposes, this book will give you the tools to analyze your return on investment. Of course, ultimately you are forced to make assumptions about the market that are just that - assumptions, but tools provided here are clearly based in common sense, and a lot of the power of the tools is in comparative analysis. Mr. Galli ...more
Leanne Hunt
Jan 20, 2015 rated it liked it  ·  review of another edition
Shelves: how-to
This is a very specific kind of book for a very specific kind of reader. It came highly recommended from a community of real estate investors, though I admit to not grasping many of the calculations in it. I think you have to work daily with financial spreadsheets to be able to appreciate the advantage that one return on investment calculation has over another. For me, it was informative as a reference but not game-changing. I will still rely on my bookkeeper and financial advisor to help me wit ...more
Dimas Sánchez
Oct 09, 2019 rated it really liked it
Good book for those interested in investing in the real estate industry.

Plenty of ratios and examples for investing in different properties (a single appartment, an entire building, etc). It also gives you access to a web page where you can analyze cash flows, depreciation, etc.

I recommend to use this book and at the same time use excel to plot all the formulas and construct a personal template to use it to analyze future deals. In this case, it will take more time to read it, but the understa
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Avishay Kadouri
It’s such an incredible book! The author explain a lot of calculations and details about how to analyze real estate properties (commercial properties). Frank made it so simple and easy to read! This material is a though one and I so enjoyed reading this, Frank wrote everything in easy and fun way. I got a lot of new insights and knowledge from this incredible book! I recommend you to read this one.
Corbin
Feb 02, 2021 rated it really liked it
Comprehensive overview of the figures one can use for deal analysis, as well as others that buyers/sellers and loan providers might take into consideration. Each section went over the calculation, as well as examples of how they might play out in certain scenarios. Somewhat on the dryer side, but useful information to lean into data-driven decision-making as opposed to impulsive or wishy-washy impressions to evaluate potential deals.
Heather Balog
I can’t rate this book because I didn’t understand 70%. I read it for my husband because he wanted me to be knowledgeable in our investing in rental properties but I have a headache instead. Too much math for a die hard language arts fan 😂😂😂. But very thorough and organized. I’m sure it will help those of you that actually care about this subject.
Matt McLain
Oct 12, 2020 rated it it was ok
Shelves: 2020-books-read
This book was consistently in the “must read” category for real estate investors and unfortunately for me I wasn’t ready for it. It was over my head. I will reference it as needed for all of the calculations it offers and tax insights (If I don’t just google it) but not much is sticking in the brain from this book.
Jonathan Wylie
Dec 02, 2020 rated it it was amazing
Shelves: real-estate, 2020
best book I have read so far on how to anaylze properties as a real estate investor. This is a must read. I am glad I did not read this book first because I think I would have been to overwhelmed. Very thankful for this book and for Frank Gallinelli. ...more
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