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