jvenator

# some more homework material

jvenator

def assert_equal(actual, expected)
  if expected == actual
    puts 'pass'
  else
    puts "fail: expected #{expected}, got #{actual}"
  end
end

def assert(statement)
  if statement

jvenator

<section id="links" class = "link" align="center">
      <div class="center">
          <h2 class="title"><span>Coder Cred</span></h2>
      </div> 
      <div class="coder-cred center"> 
        <ul>
          <li class="github"><a href="http://github.com/##"></a></li>
          <li class="codeschool"><a href="http://www.codeschool.com/users/##" ></a></li>
          <li class="coderwall"><a href="https://coderwall.com/##" ></a></li>
          <li class="stackoverflow"><a href="http://stackoverflow.com/users/1496757/##" ></a></li>

jvenator

h1 {
	font-size: 3em;
}

div#right_col{
	width: 212px;
}

div#right_col img {
	border: 6px solid #403051;

jvenator

class Packages::DocumentsController < ApplicationController
  def create
    @package = Package.find(params[:package_id])
    Document.where(:id => params[:id].split(",")).each do |d|
      @package.add_document(d)
    end
    @documents = Document.where(:id => params[:id].split(",")).collect do |d|
          @package.add_document(d)
  end
  def destroy

jvenator

One way to achieve higher investment returns in real estate is to use leverage or debt. It can allow one to
achieve significantly higher returns, and place most of the downside risk on lender. However, it makes the
investment return more sensitive to changes in the property’s financial performance.

Let’s consider a property that is purchased for $10.0 million and has NOI of $800k
(net operating income = revenue – expenses excl. debt). If the purchase is all cash,the annual return
(aka – cash on cash) is 8.0% ($800k / $10.0M = 8.0%). If the buyer gets a loan at 80% LTV (loan to value)
or $8.0M with a 7% interest rate ($560k). the property still throws off $800k in NOI but has a $560k debt
payment. This leaves $240k, however, she only invested $2.0M in cash because of the 80% loan.  This equates
to a leveraged return of 12.0% for the buyer ($240k / $2.0M = 12.0%). We see that because the borrowing rate