https://sknight.xyz/tags/book/ Recent content from Scott Knight Hugo -- gohugo.io "en-us" Scott Knight Scott Knight Scott Knight. All rights reserved. Thu, 14 Sep 2023 15:20:12 -0500 https://sknight.xyz/real-estate-by-the-numbers/ Thu, 14 Sep 2023 15:20:12 -0500 Scott Knight http://scottk.mba/real-estate-by-the-numbers/ <table> <thead> <tr> <th><a href=""></a></th> <th></th> </tr> </thead> <tbody> <tr> <td><strong>Title</strong></td> <td><em><a href="https://store.biggerpockets.com/products/real-estate-by-the-numbers">Real Estate by the Numbers: A Complete Reference Guide to Deal Analysis</a></em></td> </tr> <tr> <td><strong>Author(s)</strong></td> <td>J. Scott &amp; Dave Meyer</td> </tr> <tr> <td><strong>Published</strong></td> <td>2022</td> </tr> <tr> <td><strong>Pages</strong></td> <td>385</td> </tr> <tr> <td><strong>My Rating</strong></td> <td>5 / 5</td> </tr> </tbody> </table> <p>As I prepare to purchase my first home, I&rsquo;ve been immersing myself in the world of real estate. A long-term personal goal of mine is to build a return-generating portfolio as a real estate investor. And of course, I want to give myself the best possible foundation to make sound investing decisions.</p> <p>One of the best resources I picked up so far is this book I just finished reading, which has been a solid refresher on many of the investing and finance concepts I studied in grad school. These are critical tools for any <del>good</del> great investor.</p> <p>Some of the key concepts covered are:</p> <ul> <li> <p>Key questions to ask before any investment</p> </li> <li> <p>Basic rules for growing your money (general finance, compounding interest, time value of money, etc.)</p> </li> <li> <p>Specific formulas to derive metrics that inform deal analysis</p> </li> <li> <p>Using those metrics to compare potential deals</p> </li> <li> <p>Varied strategies for financing deals</p> </li> <li> <p>How to track investment performance over time</p> </li> </ul> <p>As a sweet bonus, if you get the book from <a href="https://store.biggerpockets.com/products/real-estate-by-the-numbers">Bigger Pockets</a> (not an affiliate link) you get all of the Excel files used in the book, so you can work the examples as you read along. I found these to be extremely helpful with internalizing the material.</p> <p>Overall, this book is the most approachable introduction I&rsquo;ve come across on these concepts. Even if you&rsquo;re not &ldquo;into&rdquo; real estate from an investment perspective, I&rsquo;d still highly recommend picking up a copy for the financial literacy lessons. You&rsquo;re sure to pick up some good nuggets if you do.</p>