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RE Finance Fall 2014. Finance 472. Rick Carter Email: rbcarter@mail.iastate.edu Office Hours: Tues Wed & Thurs : 12:30-1:30 Office: 3333 Gerdin Business Building. Required Materials. My Web Page http://www.bus.iastate.edu/rbcarter Textbook
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RE Finance Fall 2014 Finance 472 • Rick Carter • Email:rbcarter@mail.iastate.edu • Office Hours: • Tues Wed & Thurs: 12:30-1:30 • Office:3333 Gerdin Business Building
Required Materials • My Web Page • http://www.bus.iastate.edu/rbcarter • Textbook • Real Estate Market Valuation & Analysis (REVMA) by Kahr & Thomsett. Wiley • Calculator • Texas Instruments BAII + • Blackboard
Resources: • Internet & my Web page • Syllabus • Teams: Names & Email • Team quiz & project answers • Lecture Slides • Reviews • Links & Grades • Workbook • Additional Textbook • RE Finance & Investment Brueggeman& Fisher (REFI) 14thEd
My Web Page Access Username Password
The Course • Grades • 30% each midterm • 15% for all team in-class quizzes & projects • 25% for the final • E mails – I will respond • Teams 4-6 members
Objectives A basic understanding of : • Real estate types • Their pros & cons • Financial implications of: • Buying, holding & selling real estate • Taxes • Interest rates • Valuation • Risks • Strategies
Part I • Foundations • Mortgages & Interest • Residential • Underwriting & Analysis • Income Properties • Lease, tax & strategy • REITs & Portfolios
Part II 6. Income Property Valuation 7. Risk & Decisions 8. Development & Finance 9. Mortgage Markets 10. Special Topics
Part III 11 a. Valuation • REVMA 3 11 b. Retail, Condos & Multi-Unit Analysis • REVMA 5 & 6 • Combo: Industry/Office, Lodging & Mixed Use Developments - REVMA 7, 8 & 9
Midterms & Final • Not comprehensive • Questions • Quizzes; Lectures; Workbook & Reviews • Pre-test instructions • Testing Centers • 60 Carver Hall or 2552 Gilman Hall • Blackboard • Get the week to complete • No class the testing week • I won’t review results in class • Results will be posted on line
Grading • I will curve if necessary • Class average a B+ (87%) • Letter grades assigned from this schedule: • D+ < 70 • C- 70to<73% C 73to<77% C+ 77to<80% • B- 80to<83% B 83to<87% B+ 87to<90% • A- 90to<93% A 93%+ • I will not change to the higher grade regardless of how close your score is
Introductory Quiz Introductory Quiz