Paperback: 261 pages Pub: McGraw-Hill ISBN: 0071422579 Available at:Amazon

Corrections / Errata

Please note some of these typographical errors appeared in the first printing of this book. The publisher is correcting these errors in future printings.

Hence, you may find that some or all of these have already been corrected in your copy of the book.

Printer-Friendly Version

Page: 42

\$91,868 should be \$102,014 (Present Value of Lease Payments)

Page: 43

"...and the fifth has a lower value." should be "...and the third has a lower value."

Page: 45

The second sentence in the Rule of Thumb section should read "move decimal point 4 places to the right for \$10,000 (instead of 3 places), or 5 places to the right for \$100,000 (instead of 4 places).

Page: 57

 2006 SCHEDULE GROSS INCOME 208,200 -Vacancy & Credit Allowance 6,246 GROSS OPERATING INCOME 201,954 -Operating Expenses 40,900 NET OPERATING INCOME 161,054

Page: 82

Year 1 990.90 should be 900.90

Page: 121

\$25,362 should be \$14,795 (Vacancy and Credit Loss)

Page: 169

\$27,650 should be \$52,500 (7% of Selling Price)

Page: 175

Last sentence should read, "You will sell for \$475,000, less 6% costs of sale and \$340,000 mortgage balance."

Page: 191

3. Annual Rent = 16 x 1,339 = \$21,424 (not "\$21,242")

4. The calculations in #4 should use the corrected result from #3, so the full table reads as follows:

4 Units @ 21,424 = 85,696
3 Units @ 24,102 = 72,306
Total Rent = 158,002
Income per Square Foot = 158,002 / 9,375
Income per Square Foot = \$16.85

Page: 201

2. BER of 75%? should be BER of 85%?

Page: 209

\$150,00 should be \$150,000

Page: 216

1/00% should be 1.00%

Page: 243