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Book Review: 'What Every Real Estate Investor Needs to Know ...'

Book review Title: "What Every Real Estate Investor Needs to Know About Cash Flow ... And 36 Other Key Financial Measures" Author: Frank Gallinelli Publisher: McGraw-Hill (revised and expanded, 2009); 312 pages; $22.95 list ($15.61 on Amazon.com) When I was in college, my statistics professor opened up the first day of the course with: "This is an equal sign. Whatever is on one side of the sign is the same as whatever is on the other side of the sign." Kinda basic, but she was a campus favorite in an otherwise dreaded subject, because her start-at-the-very-beginning approach truly left no student behind. Similarly, Frank Gallinelli, in the 2009 edition of his almost-classic book, "What Every Real Estate Investor Needs to Know About Cash Flow … And 36 Other Key Financial Measures," starts out with the very most basic premise underlying real estate investing -- the concept of cash flow -- and builds slowly and logically from there. A seri...

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