Analysis for Distressed Properties
One of the great advantages to using Excel
as a development platform for our software products is that
it provides the ability for you, the user, to make customizations
to fit your analysis objectives. We encourage our customers
to add to the software rather than changing internal formulas,
so the base product remains unchanged.
It is very easy to add a user worksheet. All RealData products
have an "Add User Worksheet" feature in the RealData
menu. so you can simply add a new worksheet and call it whatever
Then, on that sheet, you can add your own formulas and labels,
and even link the results back into the main product. This gives
you the ability to take some line item in our program and flesh
it out into greater detail.
A case in point: A common scenario we've been seeing is one
where the investor is looking to purchase an entire project
at a low price with the idea of renting existing units for several
years and then beginning sales once the real estate market turns
around. In the Learn
section of realdata.com,
we have an article called "No-Stress
Analysis for Distressed Properties" which describes
expanding our popular On
Schedule development program to accommodate long term
rental income when analyzing distressed, partially-built development
projects such as housing subdivisions and condominium buildings.
In a future article, we'll show you how to expand Real
Estate Investment Analysis in a similar way.
from Planet Earth
True confession: Before this month, what I knew about "green"
development and construction would not have filled a post-it
note. Being unencumbered by any actual knowledge on the subject
did not, of course, prevent me from having an opinion. No doubt
"green" was a radical agenda of some sort, devised
by elitists bent on saving the planet, even if that meant tossing
sound financial principles and general good sense into the proverbial
dustbin of history.
Clearly, my political-correctness score on this subject fell
somewhat short of the ideal.
Then I attended the annual conference of the Yale
Alumni Real Estate Association, the primary focus of which
was green development. I would not begin to suggest that a one-day
immersion in this topic transformed me into an expert, but there
were any number of revelatory moments that led to me to see
this type of development in an entirely new light. (I was tempted
to say "natural light," but I suspect you can tolerate
only so much cleverness in one newsletter.)
I believe, at least, that I learned a few things worth sharing
-- and share them I do on the RealData blog: 10
Ways Green Construction Can Improve Your Bottom Line. Happy
belated Earth Day.
In it's March 18, 2009 issue, the
Wall Street Journal reported that Fannie Mae had begun tightening
its conditions for backing condo mortgages. Specifically, it
was no longer backing loans if fewer than 70% of the building's
units had been sold, an increase from its previous threshold
However, the April 24, 2009 edition of the The
Kiplinger Letter is reporting that Fannie Mae has in fact
been waiving the 70% pre-sold rule for some projects that it
believes have a good chance of success. So, condo developers
-- stay in the game.
FYI, the Kiplinger letter content is available by subscription
only (and we've been subscribers for a couple of decades), so
we can't provide you with a direct link to this issue. However,
they do provide a 30-day
online trial which you might want to look at.
has been a big part of the commercial real estate marketplace
for more than a decade, and may be one of the most important
resources for buyers, sellers and brokers in this industry.
We'll let them tell their story in their own words
"LoopNet operates the largest and most heavily trafficked
commercial real estate listing service online with more than
3 million registered members and 890,000 average monthly unique
visitors. The LoopNet online marketplace contains more than
$515 billion of property available for sale and 5.2 billion
square feet of property available for lease. LoopNet's market-leading
LoopLink product powers the web sites of more than 1,000 commercial
real estate organizations and seamlessly integrates their web
sites with LoopNet's listing service at www.LoopNet.com. ..."
They also offer a financing service called LoopLender, and
own and operate BizBuySell,
an online exchange for businesses.
You'll find a link to LoopNet on the Learn
page of our website.
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