I want to learn to crunch the numbers... - Posted by dave410j

import · February 22, 2003, 9:49am

Posted by Brent_IL on February 22, 2003 at 11:10:20:

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import · February 22, 2003, 9:49am

I want to learn to crunch the numbers… - Posted by dave410j

Posted by dave410j on February 22, 2003 at 10:49:42:

In many of the messages people throw numbers around like there is nothing to it. As a beginner I find this a little daunting but know that it is at the core of success or failure. What I am looking for is practice financial problems with solutions. I know this is a lot to ask for but I work in education and know that there is about any educational topic available free on the net. Is it the same for real estate? When I have created a little money I will be able to take a course but until then I have to learn online.

For example, How can you find the present value of a stream of cashflow? How do you do the calculations for a mortgage wrap?.. etc…

Thanks, Dave

import · February 22, 2003, 6:52pm

two good sources… - Posted by Anne_ND

Posted by Anne_ND on February 22, 2003 at 19:52:56:

Lonnie Scrugg’s books (even if you think you don’t want to do mobile homes) and John Behle- either the 5-day seminar or the course.

Good luck!

Anne

import · February 22, 2003, 4:04pm

Re: I want to learn to crunch the numbers… - Posted by Ronald * Starr(in No CA)

Posted by Ronald * Starr(in No CA) on February 22, 2003 at 17:04:17:

Dave410j----------------

Jon Richards, the co-host of the cashflow forum of this CREONLINE.COM website has a book called “Calculator Power” that teaches about cash flows. Check on that site. If you don’t find it mentioned there, check on his website–the URL is www.noteworthy.com I believe.

Many real estate books will have some discussion of the number. Especially those books written by college professors for the college-level courses. Suggestion: check the internet for the books or for local colleges with courses on real estate, then call the college bookstore.

Good Investing**Ron Starr

import · February 22, 2003, 1:04pm

Re: I want to learn to crunch the numbers… - Posted by BrokerScott (Mich)

Posted by BrokerScott (Mich) on February 22, 2003 at 14:04:49:

Good post at http://www.creonline.com/wwwboard/messages/arc_2002/arc_06/6302.html

import · February 22, 2003, 12:57pm

Re: I want to learn to crunch the numbers… - Posted by ChrisC

Posted by ChrisC on February 22, 2003 at 13:57:00:

Dave -

Yesterday I just picked up a HP 12C FINANCIAL calculator, and two books from Dearborn Publishing (in Chicago) - Real Estate Math and Real Estate Financing. These books can be found on the Internet or any bookstore. They have exercises for practicing. Also, see Lonnie’s How-to articles on “Using the Financial Calculator”. Financial calculators are a must as opposed to plain ones, the regular ones don’t put in “Time value of Money”. I worked for a Vice President of Finance for several years - he swore by the HP 12C.

If anyone doesn’t understand the numbers in a RE transaction, they will get creamed. See Joe Kaiser’s How-to article about “Top ten ways to get creamed in Real Estate”.

Good Luck.

Cordially,

ChrisC

import · February 22, 2003, 11:36am

You need to learn to make love… - Posted by Chris - Fl

Posted by Chris - Fl on February 22, 2003 at 12:36:03:

to your calculator.

import · February 22, 2003, 10:08am

Re: I want to learn to crunch the numbers… - Posted by Brent_IL

Posted by Brent_IL on February 22, 2003 at 11:08:43:

A search will find many on-line calculators, but I’m not sure about how thoroughly they explain the process. One address is

http://www.decisionaide.com/MPCalculators/Menus/MP_Calculators.asp

When you buy RE on terms, a pocket calculator is important. It doesn?t set off mental alarms with the sellers in the way that a laptop will. I prefer HP BA II. The 12-C might be the least expensive model that uses reverse Polish notation. HP and other financial calculators come with an instruction manual that gives an example of many common cash flow scenarios to explain how to use the buttons.

Despite what my wife says, this isn’t rocket science. Even the most recursive programs are only solving for one variable at a time.

Once you get the hang of it, there’s no better rush than buying on terms.

import · February 22, 2003, 10:07am

You need to learn to make love… - Posted by Chris - Fl

Posted by Chris - Fl on February 22, 2003 at 11:07:25:

to your calculator.

import · February 22, 2003, 4:11pm

wish there was a hit counter for posts - Posted by Steve-WA

Posted by Steve-WA on February 22, 2003 at 17:11:16:

I’m betting that this one would be spinning enough to make a breeze!!