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Lecture 1: Real Estate Process Overview - Dr. James R. DeLisle

Lecture 1: Real Estate Process Overview - Dr. James R. DeLisle

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<strong>Real</strong> <strong>Estate</strong>: The Foundation<br />

© JR <strong>DeLisle</strong>, Ph. D.<br />

Question: What are we buying when we buy real estate?<br />

Bricks and mortar??????<br />

PV $’s<br />

Gross Rent<br />

Vacancy & Expenses<br />

= Net Operating Income (NOI)<br />

Time<br />

No… A set of assumptions……<br />

<strong>Real</strong> <strong>Estate</strong> <strong>Process</strong>

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