Linneman released a condensed version titled Real Estate Finance & Investments: Risks and Opportunities . This is often available on Kindle for $29.99.
Linneman’s commentary here is brutal: "If your ROA is below your cost of debt, adding leverage is financial suicide." This single line has saved more real estate partnerships than any legal contract.
: Deep dive into the selection and use of capitalization rates for valuation. Debt Structuring
: Success depends more on local market expertise and property-type knowledge than on complex spreadsheet modeling. The Debt Dilemma
Peter B. Linneman is a renowned expert in real estate finance and investments. He is a professor of real estate and finance at the University of California, Berkeley, and has published numerous articles and books on real estate finance and investments.