Chapter 23Condominiums, Cooperatives, PUDS, and Timeshares
1. If a condominium owner fails to pay his portion of maintenance fees, the response of the owners
association will be to
a. evict him.
b. place a lien against his unit.
Chapter 25/27Investing in Real Estate
1. You are offered a four-unit residential building in which each unit rents for $500 per month. Given a 5
percent vacancy rate, operating expenses of $700 per month, and mortgage payments of $1,500 pe
Define each of the following terms:
Operating current assets; operating liabilities; net operating working capital;
Accounting profit; net cash flow; NOPAT; free cash flow.
Market Value Added; Economic Val
Profit and loss assumptions
Depreciation/Gross fixed assets
Nonoperating Income (Expense) and Special Items
Minority interest as % of PAT
Growth rate of total dividends
Real Estate Principles
Rs Nappinnai (Nappi)
Gerdin # 3233
Office Hours: W: 10:00 AM to 11:00AM
and by appointment
PREREQUISITE: Economics 101
PRESCRIBED TEXT: Real Estate Principles by Cha
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