Why You Should Learn To Use A Financial Calculator

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Why You Should Learn To Use A Financial Calculator | Financial Calculator Is Needed In Real Estate

Let's talk about one of the most important tools in your toolbox for financial analysis, real estate, commercial real estate, lending, or brokerage:

The Financial Calculator

If you are serious about learning commercial real estate, whether as an investor, a real estate agent, a mortgage lender, an analyst, or any other role as a commercial real estate professional, you'll need to know how to use financial functions on a calculator. If not, you will be at a disadvantage compared to those who do.

If you are getting into commercial real estate, you will likely look at hundreds of deals, if not thousands, over the coming years, and each one will have its information presented in a different way. So in order to really know what you're doing, did you understand the concepts behind the numbers, and be able to analyze those numbers without being dependent on a spreadsheet or some proprietary company software program.

Now I'm not saying that spreadsheets are bad, because they're absolutely necessary, but even if you are primarily working on spreadsheets, the only way to know if the information you're getting out of your spreadsheet is correct is by being able to analyze numbers manually, and that requires knowing how to use a financial calculator.

Financial calculators are those that specifically have the Time Value of Money functions:
N - Number of Periods
I - Interest Rate or Rate of Growth
PV - Present Value
PMT - Payment or Cash Flows
FV - Future Value

That's why I'm teaching you both the concepts and how to run the numbers.

My personal favorite financial calculator is the Hewlett-Packard HP 12c.

Another thing I strongly recommend is getting a financial calculator that uses reverse Polish notation, or RPN. It's a slightly different type of input it takes a few minutes to get used to, but once you understand it, you'll never want to go back to the old way because RPN calculators allow you to do algebra without having to stop in the middle of an equation to record your answer.

In this module, we are going to go over the functions with which you need to be familiar in order to effectively use this calculator for general functions and those more commonly used in real estate. This isn't a fully comprehensive tutorial on all of the functions of the calculator, but rather those you will most frequently need specifically for real estate finance and investments.

These calculators are readily available as a traditional handheld machine, or you can download a digital version on most smartphones. If you prefer to use a physical calculator instead of an app on your phone, they're pretty easy to find online or at most office supply retail stores. And if you don't want to pay full retail price for a new one, many of my students have found them used online for as little as 5 or 10 dollars.

Also, you can find a link to the full user's manual and quick start guide below

In this mini-course, you'll learn:

Overview of the calculator and layout of keys
Display decimal places
Storage and Memory functions
Reverse Polish Notation
Practice Problems
Basic Calculations
Financial Functions

So if you don't already have a financial calculator, pause this video now, go buy one or download one on to your phone, and then we will get started.

My favorite Financial Calculator app:

Touch RPN for iOS:
https://apps.apple.com/us/app/touch-f...

Touch RPN for Android:
https://play.google.com/store/apps/de...

Real Estate Finance & Investments textbook by Brueggeman and Fisher or by Peter Linneman

Watch Next: Study Guide for Students - https://bit.ly/3t2H5X2
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