Does anyone know of any ebooks (free or paid) which cover underwriting and valuation at an advanced level?
I'm looking for a resource for an experienced CRE professional. Not the basic things like what an NOI is, but more advanced concepts like occupancy cost adjustments, estimating TI's and LCs, or determining the correct cap rate.
[{"id": "cszr6mj", "text": "learn about it and write one!!", "replies": [], "depth": 1}, {"id": "ct0mh8z", "text": "Standard &amp; Poors used to publish an underwriting guide with their standards. Not sure if they still do. ", "replies": [{"id": "ct0n9hx", "text": "I've read all the rating agency standards. I wouldn't really consider that advanced...they spend half a day underwriting something, a true asset manager spends weeks underwriting a single asset.", "replies": [{"id": "ct0ndbd", "text": "Never heard of someone spending that much time underwriting anything.  Good luck. ", "replies": [{"id": "ct0nkfa", "text": "Should have said \"evaluating\" a single asset...underwriting itself is quick, choosing the correct assumptions based on your due diligence is not.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ct1o65v", "text": "I am also looking for some higher level information, and am actually doing a graduate level real estate certificate program. My professors all teach from cases and lecture; they have no textbooks because they say that they cannot find decent ones. I've picked up a few old editions on half.com but none are especially ground breaking.", "replies": [], "depth": 1}, {"id": "ct8hkf0", "text": "I have never came across what I would consider an advanced single text book for underwriting. I have a MBa, and a masters in reals estate, when I got my first real job at a WS bank, I learned more in my first three months, then I did in entire masters in real estate. I have often thought about writing a case book approach. Which is the best way to learn as each deal present different challenges and issues", "replies": [], "depth": 1}]