IN PERSON Wealth Building Made Simple

Description

After taking this class students will be able to: • Explain the importance of researching comparable properties • Identify key factors when searching for comparable properties • Evaluate comparable homes to find worthwhile investment properties • Evaluate comparable homes to establish reasonable rent prices • Calculate the vacancy rate and vacancy expense for a rental property • Identify the importance of calculating the vacancy expense of a rental property • Define key vocabulary with regards to mortgages and purchase options • Calculate the typical down payment for a rental property and the remaining purchase price • Demonstrate an understanding of an amortization schedule • Identify the difference between total income versus cash flow • Define typical operating expenses for rental properties • Estimate annual and monthly operating expenses for a rental property (including reserves) • Explain the relationship between owning real estate and building wealth, especially with regards to retirement • Define forced savings and return on investment • Identify the benefits of price appreciation and mortgage amortization for property owners • Calculate income, rate, and value using the IRV formula • Calculate first year benefits of property ownership using the IRV formula Instructor Gonzalo Mejias 3 CE

Refund Policy on events registered through Membership Portal – Refunds will only be granted for online preregistration of Education passport courses, if cancellation is made 48 hours prior to course. (Adopted 04/17)