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(HQ) Wealth Building Made Simple – 3CE
April 29 @ 10:00 am - 1:00 pm
$15
Instructor: Steve David
Many people of ordinary means build significant wealth by investing in real estate rather than relying on inheritance or chance. Real estate not only strengthens retirement portfolios but also creates opportunities for generational wealth—assets passed from one generation to the next. With 90% of the world’s millionaires investing in real estate, this course breaks down the essential strategies for purchasing a single‑family rental home and continuing to grow your investments over time. You’ll learn how to set realistic expectations, identify a strong property, calculate rent and expenses, and explore key mortgage, purchase, and ownership options to support long‑term financial growth.
– 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.
– 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.
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