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| Bookkeeping |
Utilizing QuickBooks® software, this hands-on, introductory level learning session helps students get their real estate investment businesses up and running. Walking through company set-up and management functions, students learn how to track money coming into and going out of their businesses by categorizing income and expenses, creating a chart of accounts, developing corporate and personal financial reports, and more. To get the most out of this educational experience, students must bring laptops loaded with a current version of QuickBooks® Pro for Windows® PC to class. QuickBooks® for Mac will not be supported. |
Set up a company in QuickBooks®. Customize the chart of accounts to fit your company. Enter transactions in QuickBooks®. Reconcile your checkbooks in QuickBooks®. Manage accounts for rental properties and for other differing operations. Create financial reports and track cash flow for your company. |
100 |
6 |
| Building Your Team |
Students will learn how to select and assemble a team of professionals for support in building a successful real estate investing business. Students examine how each key team member can make and save the investor valuable time and money. Students will learn various strategies for selecting and working effectively with acquisition, financial/business, property management, and selling team members. |
Identify the key members of your Power Team and their roles. Understand the
criteria for selecting a team of professionals to help build and support a successful real estate investing business. Understand the concept of leveraging team members’ skill sets. |
100 |
3 |
| Buy and Hold I |
This class is designed to assist students in creating long-term, residual wealth. Students will learn the basics necessary to create a buy-and-hold strategy, from property purchase through property disposal. Emphasis is placed on identifying and locating the resources necessary to make a deal successful and to protect the student’s future interests. Students will analyze closing and financing fees and learn strategies that can eliminate fees and maximize cash flow. |
Understand the buy and hold investment strategy and its benefits. Differentiate available funding options. Identify cash flow variables and
obstacles. Understand when a purchase
contract is necessary. Differentiate property ownership in a Mortgage State vs. a Deed of Trust State. Learn what title insurance does and doesn’t protect. Review the HUD-1 form and identify and calculate closing costs. |
101 |
3 |
| Buyer Beware |
Presenting a tried-and-true dose of real estate investing reality, this foundational class arms students with the “DOs and DON’Ts” of investing. With the goal of creating awareness of 10 common mistakes made by real estate investors, this class strives to create a more enjoyable investing experience by equipping students with the knowledge that helps them better manage the challenges, while avoiding some of the potential pitfalls. Topics covered are designed to teach investment strategy terminology and techniques that help students overcome fears and, through the confidence of knowing what to do first, move forward to take action on the upper level real estate acquisition classes. |
Understand the need to determine an investment strategy and take informed action. Learn some basic property acquisition methods and related benefits. Understand the concept of property analysis due diligence. Understand the value of obtaining comparable sales data. Understand the role and value of a mentor. |
100 |
6 |
| Establishing Your Business Vision |
Through a guided exercise, students will learn how to pursue real estate strategies that maximize each student’s individual strengths. Students will analyze various investing strategies and identify the resource requirements, skill sets and personality traits most suited to each strategy in order to turbo-charge profits. Special emphasis will be given to the clarification of personal investing goals and creating a plan to achieve them. |
Understand the importance of business vision. Assess the role that resources and inclinations can play in selecting a business strategy. Explore resource requirements and profit timelines for various strategies. Complete a personal investing evaluation and write a business vision. Learn how to be a more profitable investor. |
100 |
6 |
| Financial Literacy |
This class sheds new light on tried and true fundamentals of financial goal setting and achievement. Raising awareness of debt management strategies and presenting the rationale and principles of budgeting, the class will teach students how to conduct prudent due diligence, how to live within their means to eliminate debt, and how to become more conscious, proactive consumers. This hands-on session will examine the benefits of tighter expense controls, share an overview of credit reports and scores, and review time-proven, wealth-building success principles. |
Understand financial literacy terminology. Learn how to create sound financial habits. Understand the components and principles of budgets. Review the nature and benefits of credit. Learn how to conduct due diligence on checking account and credit card types, fees, features, and benefits. Understand how to become a more conscious consumer. |
100 |
6 |
| Real Estate 101 |
In this “quick-start” class, students will learn the concepts and mechanics of real estate investment transactions. Topics include the basic terminology and principles of real estate investing and financing, with a focus on the mindset and action steps required to create desired profits. |
Become familiar with basic real estate investment and financing terminology. Differentiate real estate hype and realistic expectations. Learn the basic mechanics of a real estate transaction and the evaluation of a property. Learn how to turn problems into opportunities to make money. Learn the importance of
overcoming fears and developing the
confidence to act. Understand how contingency clauses reduce risk. |
100 |
6 |
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| Business Financial Management I |
This class provides students with an owner’s perspective and basic understanding of the structure and operation of their real estate investment businesses. Topics include: business management principles, key accounting statistical measurements, basic accounting and bookkeeping requirements, cash flow requirements and planning, how to perform a detailed property analysis, required business financial statements, business banking and establishment of business credit, understanding the legal entities that are typically used by investors, and a review of the impact of tax savings achieved through ownership of real estate investments. |
Learn business management principles necessary for the successful operation of a real estate investing business. Learn the importance of cash flow planning and business survival. Understand how to complete a financial projection analysis including cash flow, ROI, cash on cash return, LTV, expenses, depreciation, and profit margin on a property. Understand the financial statements that are required for the business. Learn how to read and use balance sheets and income statements. |
200 |
3 |
| Buy and Hold II/ Landlording |
This class teaches students how to be successful landlords by managing their portfolios of rental property. Students learn ways to locate and place tenants, deal with day-to-day operations and handle challenges as they arise. Students examine the tax advantages of owning rental property and analyze advanced rental strategies to maximize cash flow. This class emphasizes the ways to find high-quality tenants with whom the student can establish lasting business relationships. |
Understand a landlord’s business priorities. Understand federal and state laws that apply to rental housing. Learn to find quality tenants through a screening process. Understand the process that must be followed when the tenant breaks the lease terms. Interpret responsibility for rental repairs. Understand and identify the required documents for a good tenant relationship. |
201 |
6 |
| Computer Property Analysis |
In this property analysis training session, students learn how technology can save time, money, and effort in real estate investing. As they are guided through a step-by-step process of analyzing properties for purchase based on the results achieved from the Property Analysis Wizard (P.A.W.)™ software, students will learn how to determine short-term and long-term strategies for single-family and multi-unit properties. The importance of a power team, how to construct property offers, and how to prepare legal documents for properties will also be covered. |
Explain the various terminology used within the program. Learn how to add, modify, and delete properties in the portfolio. Understand various financial measurements and their importance in evaluating properties for purchase. Evaluate property for its best use as either a buy-sell or buy-hold investment strategy. |
200 |
3 |
| Creative Acquisition Strategies |
Students will be presented with creative techniques and strategies for acquiring and controlling properties. Basic investment ownership and control terminology will be covered as well as some of the factors contributing to seller motivation. All acquisition strategies are presented on a foundational level from the buyer’s perspective. These strategies include equity sharing, options, agreements for deed, wraparound mortgages, and more. Using case studies, students will gain an understanding of step-by-step techniques of buying and controlling properties without having to qualify for bank financing. |
Understand creative strategies for controlling properties.
Identify the benefits of using various acquisition strategies. Examine how to use property control strategies. Understand basic investment ownership and control terminology. Understand some of the factors possibly motivating the Seller. |
200 |
6 |
| Creative Financing |
This course introduces a variety of practical techniques for financing real estate projects and presents creative, non-conventional financing alternatives. Students receive “behind-the-scenes” industry information that shifts their belief systems and empowers them to make informed, financial decisions. |
Understand how money and investments work. Understand how to analyze financial statements and evaluate financial assets and liabilities. Compare and contrast the differences between conventional lenders. Understand how hard money loans work and the advantages of working with private lenders. Identify different strategies to establish credibility with investors. Learn where to find the money for the five stages of real estate development. |
200 |
6 |
| Fix and Flip |
This “'how-to” class teaches investors the way to fix and flip properties for quick cash. The anatomy of a flip, from finding motivated sellers to establishing clear objectives, to the advantages and disadvantages of various financing and marketing strategies, are discussed. Students will learn the way to leverage OPT (other people's time), while identifying the hidden potential waiting to be unlocked in investment properties. |
Understand the value of time in a fix and flip strategy. Distinguish the ideal target property for a fix and flip. Identify the steps to achieving a successful fix and flip. Decide which tasks to undertake when doing a fix and flip. |
201 |
6 |
| Foreclosures |
Designed for both the novice and the seasoned investor, this class provides a practical how-to guide of acquiring foreclosed properties through two methods: auction and bank REOs. The class emphasis is on demystifying the common misconceptions about purchasing properties through either of these methods. Students will receive an overview of the foreclosure process and gain an understanding of the preparations required prior to bidding at auction. How to become a strong participant in the auction process as well as how to find and approach banks to acquire REOs will be covered. |
Understand the process of buying foreclosures at auction and through REOs. Learn about property lists and understand the importance of working with a complete list. Learn how to analyze the deal and how to conduct pre-auction due diligence. Identify the key components to an REO offer. |
200 |
6 |
| IRA and Retirement Plan Investing I |
This introductory level IRA class challenges widely-held misconceptions about retirement plans. The class explains the concepts of retirement planning, while emphasizing the benefits of the self-directed IRA as a vehicle that provides the real estate investor the freedom to invest in what he/she wants, instead of what his/her insurance company or stockbroker is offering. Students learn how to create realistic goals and are taught how-to methods of using retirement funds for investing. |
Understand what a self-directed retirement plan is, how it works, and how to use it to purchase real estate. Learn the consequences of
prohibited transactions and how to avoid them. Learn how a retirement plan can benefit you and your investing
goals today. |
200 |
3 |
| Legal Strategies |
Students are presented with sensible approaches to legal situations in real estate investing. Along with relevant case studies, topics discussed include: the differences between several types of business entities; preferred entities to hold investment real estate; asset protection strategies that work; and estate planning for your wealth and family. |
Understand the differences between several types of
business entities and which entities should be used to hold investments and real estate. Identify asset protection
strategies that work. Learn estate planning concepts and how to apply them to fit your family’s current and future needs. Explore legal issues related to the “corporate veil”, and how business owners and investors can protect
themselves from a potential lawsuit. |
200 |
6 |
| Managing Property Managers |
Examine the roles of property managers and
owners. Learn how to properly evaluate the property manager and how to
maximize efficiency and profitability. Learn the value of good reporting.
Review some forms and documents used in property management. Gain an
understanding of legal regulations that impact property managers. |
Understand a property manager's role and
the investor's role. Understand the level of freedom property managers must
have to maximize profitability. Identify key components of a management
agreement. Identify typical costs associated with property management. Gain
an understanding of some of the requirements and regulations of property
managers. |
201 |
3 |
| Market Analysis |
This class presents criteria for analyzing various real estate markets. Students will learn where to obtain information about real estate cycles and trends; ways the economy, population and politics affect property values; factors to use when evaluating certain areas; what to look for when determining whether to buy in a certain neighborhood; and ways to determine a property’s market value as well as its value to the investor. |
Locate information on different types of real estate markets. Identify sources for gaining insights on real estate values and trends. Understand economic, political, and social factors that impact property values. Learn the type of data to gather to make an informed investment decision. Understand appraisal valuation methodologies. Identify property considerations for competitive analysis. |
200 |
6 |
| Negotiations for Real Estate |
Students will learn the psychology of successful negotiations. Class topics include both the principles and conduct of real estate negotiations. Students examine strategic creativity, rational behavior, judgment, decision-making, rapport, and learn how-to methods of gauging the seller’s degree of motivation. Role-playing exercises provide students with the opportunity to put their education into action. |
Understand how to use verbal and non-verbal communication skills to achieve win-win outcomes. Understand the negotiation process. Understand the factors that increase position strength in negotiations. Understand the importance of questioning and problem solving during negotiations. Learn how to use negotiation tips with buyers, sellers, tenants, and vendors. Identify various strategies and techniques that can be employed during negotiations.
Learn methods of overcoming an impasse in negotiations as well as where, when, and how to grant concessions in a negotiation. |
200 |
6 |
| Pre-Foreclosures |
Designed for both the novice and the seasoned investor, this class provides a practical how-to guide of acquiring pre-foreclosure properties. Presenting the basics of how to get started in any market, this class teaches students methods of approaching prospects and building relationships that help gain the edge over the competition. Students will learn how to create a variety of exit strategies that assist the homeowner. |
Understand the foreclosure
process and how pre-
foreclosures fit into the process. Learn the value of and how to create your own complete and timely property lists. Learn the fundamentals of building rapport and leaving the first contact with useful information. Understand the importance of analyzing the deal to create and implement a variety of solutions for homeowners. |
200 |
3 |
| Tax Lien Certificates |
Secured by real estate and guaranteed by the government, tax-defaulted paper is a little-known vehicle used by wealthy investors for decades. In this class, students will learn how to pay the delinquent taxes of others in return for a handsome interest rate and, sometimes, even get the property itself -- free and clear. Topics covered include: understanding the differences between tax lien certificates and tax deeds, how to research properties online and identifying some of the risk factors associated with tax foreclosures. |
Gain an overview of tax foreclosure investing. Explore the processes and systems of acquiring tax delinquent properties. Identify some of the risk factors associated with tax foreclosures.
Understand how to utilize excess proceeds. Understand the difference between tax lien
certificates and tax deeds. Explore online
auctions. |
200 |
3 |
| Tax Strategies |
Students will learn practical applications of owning real estate, considerations for maintaining entities, and the tax implications of operating under various business structures. Other topics discussed include bookkeeping basics, converting personal expenses to tax deductions, paying your spouse and children, health saving strategies, and many more methods to maximize deductions and minimize taxes. |
Compare the tax benefits and drawbacks of various forms of doing business. Review various tax deduction strategies for real estate
investors. Understand the tax ramifications of selling different types of property. Review IRS classifications of real estate investors and passive loss rules. Understand the basics about deducting auto, travel, and medical expenses. |
200 |
6 |
| Understanding Mortgages |
This class examines the various mortgage products and sources; provides an understanding of how interest rates are quoted and misquoted; explains the most important part of your Good Faith Estimate; and tells you what the four main government boxes really tell you on your Truth in Lending Statement. |
Demonstrate understanding of mortgage
terminology. Identify requirements and processes associated with various types of loans. Understand the business aspect of the mortgage industry. Review the criteria of
lending valuation systems. |
200 |
6 |
|
| Advanced Legal Strategies |
Building upon the content taught in the one-day 200 Level Legal Strategies class, this course explores advanced legal topics applicable to real estate investing. Students will learn principles of contract law, legal components of valid and enforceable contracts, how to legally protect themselves in joint venture and partnership arrangements, and the legal aspects involved in properly using land trusts and self-directed retirement plans in real estate transactions. |
Learn the principles of contract law. Understand the key terms used in real estate contracts. Learn the legal aspects of Land Trusts and how to properly use them in real estate investing. Understand how to be legally protected in partnership and joint venture situations. Examine
the benefits and drawbacks of joint ventures. Understand how to properly structure your business with a retirement plan for real estate investing. |
300 |
6 |
| Advanced Tax Strategies |
Building upon the content taught in the one-day 200 Level Tax Strategies class, this class exposes students to the unfortunate realities of the estate and gift tax while presenting how the use of Family Limited Partnerships and other techniques can help significantly reduce taxes. This class also focuses on demystifying the tax-deferred exchanges under Section 1031 of the Internal Revenue Code while briefly explaining other advanced tax-deferral strategies for selling appreciated real estate. Insight on the United States Federal Transfer Tax System will be shared along with the value of planning ahead to reduce or eliminate transfer taxes. |
Understand the concept, purpose, and benefit of estate planning. Understand the importance of limiting and/or avoiding estate and gift taxes. Learn how Family Limited Partnerships can be powerful tools for passing wealth gift tax free. Review the rules, laws and options under section 1031 of the Internal Revenue Code, including what property qualifies. Compare and contrast traditional methods of asset disposition with tax deferred and other advanced strategies. |
300 |
3 |
| Business Financial Management II |
Building upon the content taught in the 200 Level Business Financial Management I class, this class is presented from a business owner’s perspective to provide advanced practical knowledge of organizational needs, legal requirements, asset protection, and tax reduction strategies critical to the success of their real estate investment business. Students will learn the questions to ask to gain the information needed to protect and operate their business more efficiently as they create their own plan for success. Presenting information on tax reduction and tax deferral strategies available to the investor to minimize taxes paid on income generated, the business owner will be armed with the information needed to both work with and to direct key members of their team to accomplish the investor’s goals. |
Understand the need to develop a strategic business plan that includes both short and long term considerations for survival, growth, development and financial stability. Learn concepts relating to strategies that can be implemented to create, protect, and ethically operate a real estate investment business. Acquire knowledge of established taxable income reduction and deferral strategies
employed by small business owners. Understand legal requirements for obtaining licenses, permits and DBA registrations. Learn strategies used to protect and grow the assets of a business, including due diligence, insurance products, title options, tax advantaged retirement plans, and legal entity structuring consideration. |
300 |
3 |
| Introduction to Commercial Real Estate |
This class examines the four major commercial real estate investment types. Students will gain an introductory understanding of the basics about apartments, office, retail, and light industrial buildings. A property’s physical aspects, lease type, and financing options will be reviewed. Light will also be shed on due diligence factors that contribute to a property’s value more than location alone. To enable students to determine what type of investment they may be best suited for, the nuances of various types of commercial investments will be taught providing a general understanding of both the risks involved in commercial real estate investing and the resources required. Through breakout sessions that present lease-holder information and investment scenarios, students will gain a better understanding of commercial investments and a comfort factor to apply the knowledge gained to their markets as they source out good investments and take the initiative to learn more about the industry. |
Understand the different types of commercial real estate investments. Review the leases that are involved with each type of investment. Learn how to finance a commercial real estate investment. Review samples of cash flow for each type of investment. Learn how to find a good commercial investment. Understand the key steps involved in acquiring commercial real estate. Understand property management options and exit strategy considerations. |
300 |
6 |
| Introduction to Land Development |
This class presents a five-step process for land identification, procurement, and entitlement The focus is on basic principles and strategies of land location, market needs analysis, project approval, and the decision-making processes involved therein. Students will understand how to determine the viability of a project for potential profitability and marketability while learning the key role that knowledge plays in the land development process. Topics covered range from developing a feasibility study, to land identification, to plan submittal. A practical application breakout session offers students the opportunity to conceptualize the creation of a minor subdivision. |
Understand the land development process. Evaluate a
parcel of property to determine its highest and best use. Identify the advantage and disadvantage aspects of a specific property. Learn about the ‘when’, ‘where’, and ‘how’ of finding the right partners and money. Gain an overview of working with
local municipalities. Understand the relevance and importance
of contracts and option
agreements. |
300 |
3 |
| Investment Property Management |
This class presents the concepts and realities of how to successfully manage investment property to directly affect the investment’s value. Offering an in-depth look at the art of managing time, property, and people, this class will give students an understanding of why effective property management is a key part of establishing and maintaining value in investment properties. Whether managing the property yourself or managing other people or companies that manage your property, properly maintaining and increasing the value and cash flow of your investment property is crucial to your investing success. Underlying the business of protecting and preserving investment value is a management philosophy that focuses on driving that value through forced appreciation and management of net operating income rather than through property maintenance. |
Examine strategies that provide leverage and establish value in investment property management. Understand how due diligence starts the property management process. Understand the responsibilities involved in running a property management company and what you can expect from property managers. Learn what and who to consider when building your property management team. Learn how to manage tenants to reduce problems and increase profits. Learn how to make investment properties rent ready. Understand a property manager’s role and the investor’s role. Identify typical costs associated with property management. |
301 |
6 |
| IRA and Retirement Plan Investing II |
Students will learn the actions steps necessary to effectively use a retirement plan to invest in real estate. This class examines SEP IRAs and explains why funds can be generated faster using one. Students will learn how to calculate their personal required beginning date for minimum mandatory distributions of retirement plan assets and gain knowledge of the penalties for not receiving distributions. Along with gaining an understanding of how multiple beneficiaries can affect distributions, students will learn how to combine other retirement plans to purchase more and larger investments. |
Explore advanced principles and techniques to effectively manage the self-directing of your retirement plan. Understand what is necessary to successfully pass on and inherit retirement plans without paying inheritance tax. Review diverse situations like prohibited transactions and UBTI and UDFI tax and their impact on your retirement plan’s success. Discuss in greater detail the difference between direct and indirect investing using retirement plans. |
300 |
3 |
| Lease Options |
This class examines the planning and strategy necessary to sell a property over time. Creative acquisition strategies applicable to lease options will be discussed. Students will learn how options differ from a standard lease, the best way to create options, the proper method of transferring title, and the differences between options and other sales methodologies. The class examines the legal aspects of options and focuses on ways to avoid problematic issues. |
Differentiate a lease option from other leases. Compare common option types. Select a finance method that correlates with option type. Identify when to use a lease option. Define option contract requirements. Understand lease option legal pitfalls to avoid. |
301 |
3 |
| Probate Purchases |
The goal of this class is to introduce students to a strategy for obtaining leads to buy real property that is for sale but has not yet been exposed to the market. Basic probate terminology will be covered as well as some of the factors contributing to seller motivation. Students will learn what information to gather, the step-by-step process that gets the investor to the property first, how to contact an estate, and more. |
Understand how motivations in probate differ from those of other motivated sellers. Know and understand specific terms used in and related to probate. Recognize and understand specific information found in probate documents. Learn a step-by-step process
that may get an investor to a property
before it is marketed for sale. Understand the
difference between cases wherein the
investor has a higher chance of obtaining a
discounted purchase price and where the estate is unlikely to discount the price or sell
the property. |
300 |
3 |
| Subject-To Purchases |
This class explores “how-to” methods of buying property subject to the seller’s existing financing while avoiding some of the risks. Students learn how to present offers to motivated sellers and how to gain ownership of property without qualifying for new financing and without using much, if any, of their own money. In addition to analyzing the property, students will learn how to evaluate the existing financing, the seller, and the market. Moving from theory to reality, students are walked through case study examples where buyers and sellers have transacted subject-to deals. Sample paperwork commonly utilized in subject-to transactions will also be reviewed. |
Understand the concept,
advantages, and process of purchasing property subject to the seller’s existing financing. Understand the goals of prescreening sellers. Identify key points in negotiating a purchase subject to existing financing. Identify points of analysis when considering the subject to deal. Understand
lender motivation factors and
learn how to address those
factors. |
300 |
6 |
| Wholesaling |
The single, lowest risk and no-money-down-deal available to most investors is wholesaling. Students will learn the skills necessary to find the deal, put the property under contract and sell their position. Students identify necessary resources, analyze the legal environment and identify the marketing skills required to put together a successful deal. Students examine several case studies to identify the good, the bad and the ugly. |
Understand the wholesaling
investment strategy. Identify
key concepts of successful wholesale deals. Determine
the preferred wholesale acquisition timeline and process.
Understand some of today’s
legal issues that can impact wholesaling. |
301 |
6 |
|
| Multi-Family Dwellings |
In this class, students learn what makes an apartment building different from other investments. Students learn methods for increasing income and lowering expenses, securing financing and working with municipalities. Students examine all aspects of structuring a deal through the final submittal of an offer to purchase. Also presented are innovative strategies that identify creative opportunities to acquire and increase the value of multi-unit buildings. Students examine real-life examples and “run the numbers” from the start of targeting a property, to deal analysis, purchase, subdivision, and profit. |
Understand the objectives associated with multi-family investing. Determine where to look for multi-unit properties. Analyze reports and contracts associated with potential investment properties. Understand the negotiation concepts involved in multi-family investments. Learn how to structure and make offers on multi-family unit properties. Establish and increase value in multi-units. Become familiar with what happens at the closing table. Assess effective exit strategies. |
400 |
12 |
| Rehabbing |
This class presents and explains the many facets of running a successful rehab project, including the analysis of repair options and cost factors. Students learn the benefits and pitfalls of rehabs and the way to find economically-feasible properties, based on an understanding of cost estimations. Students study evaluative approaches to cash-building methods and time-effective, practical approaches to running a rehab business. This class teaches students how to work with contractors to run their investment business in an effective “hands-off” manner. |
Understand how to leverage resources involved in
rehabbing. Identify the
priorities, procedures, and
techniques of successful rehabs. Learn to manage contractors effectively. Identify the benefits and pitfalls of rehabs. Develop a successful marketing plan, specific to houses in the rehab stages. |
401 |
6 |
| Rehab Value Analysis |
This class presents many facets of evaluating a successful rehabbing project including the analysis of the property from a self-inspection and cost point of view. From start to finish, students learn how to find economically feasible properties and how to keep costs below industry norms. To gain an understanding of methods that can maximize their investment return, students study different exit strategies of a rehab project unique to the property and the market. Students also learn how to find, evaluate, and work with contractors to run their rehabbing business in an effective “hands-off” manner. |
Identify the inspection aspects of a property that make it viable as a profitable investment.
Learn effective ways of hiring, managing, and paying contractors.
Understand how to determine exit strategies based on the property and the market.
Learn how to develop a successful marketing plan specific to houses in rehab stages.
Understand rehab materials and labor cost estimates.
|
401 |
3 |
| Seller-Financed Notes |
In this class, students learn the necessary elements to generate significant passive income yields when purchasing real estate secured seller-financed notes. In addition to learning the most effective techniques to locate and negotiate the purchase of a note, students will learn methods of structuring and creating notes while also role-playing the initial conversations and negotiations that take place between note holders and investors. Students will review the forms used in seller-financed note transactions, learn the due diligence involved in compiling and verifying the necessary information, calculate an offer based on desired yield, analyze deal risk factors, and learn the process of closing and funding a note purchase transaction. To get the most out of this educational experience, students must bring an HP 10B II calculator to class. Calculators will not be provided. |
Learn what a seller-financed note is and its advantages and disadvantages. Identify the 7 step process of investing in seller-financed notes. Understand how to locate existing seller-financed notes. Calculate and verify note terms and pricing options. Evaluate a seller-financed note to determine pricing
options and safety. Understand how to
properly structure and negotiate a seller-
financed note. Examine the documents used in transacting the purchase of a seller-financed note. |
400 |
12 |
| Short Sales |
In this class, students learn all of the necessary components to create significant profits when purchasing pre-foreclosure properties by discounting existing mortgages. In addition to learning the most effective techniques to persuade a seller to work with you, students will learn the critical keys to success during conversations that take place between sellers, loss mitigation specialists, and other professionals who determine property value. Students will learn how to analyze the components of a successful offer and learn the secrets of handling second mortgages, judgments, liens, and other title issues. |
Understand the process of a short sale. Understand the role of each party in a short sale transaction. Evaluate short sale deals and determine how much to offer. Understand why and how to influence the Broker’s Price Opinion. Examine the documents used in a short sale transaction. Discuss how to
communicate effectively and work with the seller. Learn how to deal with banks, liens, judgments, and other title issues. |
400 |
12 |
Nouveau Riche™ (NR) offers an educational system for entrepreneurs and aspiring entrepreneurs. NR is the exclusive distributor of the materials, content, presentation design and format, which are proprietary products of Nouveau Riche AcademyTM (NRA). Neither NR nor NRA is a degree-granting or vocational program, and neither is accredited with any academic or standards governing board.
As with any College, courses and instructors may be added, changed, or removed from time-to-time. NR and/or NRA reserves the right to make replacements or substitutions to the curriculum, its content, presentation design and format, as it deems necessary to ensure the quality and effectiveness of its Colleges.
