Wealth Building Made Simple (3CE)

Description

Real estate can be a wonderful way to build wealth, but where do you begin? For those looking for a beginner’s course on how to start generating wealth through real estate investing, this is the course for you! Whether you are interested in building your retirement portfolio or dreaming of generational wealth, this course will teach you the process of real estate investing as an easy step-by-step guide. Through examples and direct hands-on calculations, you will leave this course with a solid understanding of the basic steps toward real estate investments. 

Objectives: 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: Gabby Letourneau

CANCELATION POLICY: By registering for this class or event, you agree that if you do not show up or provide 24 hours' notice, I will be charged a $15.00 no show fee. No refunds given.

ATTENDANCE POLICY

• FREC requires a licensee to attend 90% of each of the classroom hours. Physical attendance is required for the duration of class.
• Please allow adequate commute time. This policy is strictly enforced.
• You are required to sign-in/sign-out to be recorded as having attended and to earn CE credit.
• No exceptions will be made.
  

CLASSROOM ETIQUETTE 

• ALL MATERIALS ARE COPYRIGHTED AND MAY NOT BE REPRODUCED IN ANY WAY. VIOLATORS WILL HAVE TO LEAVE CLASS AND WILL NOT RECEIVE CREDIT OR A REFUND.
• Electronic note-taking is permitted on silent devices ONLY.
• Cell phone use is permitted ONLY outside of classroom during designated breaks. Please be sure your cell phone is silenced and put away.