This course presents a toolkit for maximizing risk-adjusted investment returns. Students closely examine the four sources of real estate returns (cash flow, appreciation, loan amortization, and tax advantages) which have an impact on their investment strategy. They develop an investment scorecard for scrutinizing new investment opportunities. They practice a rigorous, rational approach to deciding when to hold, sell, refinance, or renovate a property. They study strategies for raising capital from investors and work through examples of successful partnership structures. Finally, students learn how to efficiently manage a growing portfolio of cash-flowing assets.
