Review for Final Exam
November 29, 2018
Review:
- REITs
- Student evaluations
- Final Exam on Tue at 10:30a in HSB 110
Review Topics:
- Real Estate purchase process
- Mortgage Finance
- Types of loans
- Comparable Sales Analysis
- How the housing bubble inflated
- Federal Reserve Monetary Policy
- Financial deregulation
- How the housing bubble burst
- Mortgage meltdown after “teaser” rates went away
- Strategic defaults on mortgage loans
- Neighborhood deterioration
- Location, location, location
- Market level analysis
- Neighborhood level analysis
- Parcel level analysis
- Demographics and Real Estate
- Economic Cycles
- Commercial Real Estate Investment
- Multifamily Residential
- New Construction
- Yield Curve, Recessions
- Final Words
- Please complete a student evaluation
- You’ll always run out of money before you run out of good deals. [be patient]
- You make money when you buy (if done correctly), not when you sell. [be disciplined when buying]
- Creative solutions to people problems are central to generating real estate profits. [be flexible, find solutions]
- Play Monopoly on the “big board” [some board game lessons translate to reality]
- Location drives value over time
- Learn to love being land rich, cash poor
- Deal making is an exercise in giving people what they want and accepting what they’ll give
