Designation/Certificate: RPA®,and FMA®

Through this course you will learn to take charge of real estate investments in order to maximize the value of a property. You will develop knowledge about basic financial concepts as they relate to real estate, including valuation, analysis, taxation, depreciation, and life-cycle costing. Similarly, you will learn to evaluate real estate investments and to develop budgets that estimate net operating income. You will study the income capitalization approach and cover property taxation costs and strategies to offset these costs. You will also gain the skills to conduct discounted cash flow analyses and calculate net present value and internal rate of return. Canadian tax laws and property assessment are covered in various chapters. With a clear understanding of physical and market value, you will be able to more efficiently manage the owner's assets.   This course features exercises that require the basic use of the HP-10BII financial calculator.  

Learning Objectives

• A clear understanding of physical and market value
• The know-how to determine a property's economic value
• An understanding of how investment is financed and how value is increased
• A working knowledge of current tax laws regarding such areas as capital gains and depreciation  

Major Topics Covered

• Asset valuation and enhancement
• Costs and taxes
• Capitalization
• Site and building analysis
• The appraisal process
• Discounted cash flow measurement
• Ownership vehicles
• The basics of lending and current lending practice  

Course Table of Contents

• Introduction to Investments
• Real Estate as an Investment Alternative
• Investment Math: Quick Estimates and Financial Calculators
• Introduction to Value
• The Appraisal Process
• Capitalization
• Lending Basics
• Real Estate Collateralization and Lending Practice
• Income Streams! Expenses! and Discounted Cash Flow Measurement
• Present Value and Internal Rate of Return
• Taxation
• Site and Building Analysis of the Real Estate Investment
• Revenue Sources from the Real Estate Investment
• The Investment Decision
• Case Study and Practical Exercises  

Available Delivery Options

Accelerated Classroom Review / Self Study/ Instructor-Led On-line Course  

Note: The HP-10BII financial calculator is required for this course. For information on how to purchase, visit Hewlett Packard's Web site at www.hp.com.